Finance Update

Worlds biggest clothing retailer ZARA reported profits of 3.44 billion euros ($3.88 billion)

Investors fret about Zara-owner’s slowing sales growth. The world’s biggest clothing retailer reported profits of 3.44 billion euros ($3.88 billion) on sales of 26.15 billion euros. – TFMNews Zara owner Inditex reported a 2 percent rise in full-year profit on March 13 as it launched Zara online into 106 new markets in November and benefited […]

Finance Update World News

Dh28 billion surplus in 2018 revenue: UAE Govt

UAE Govt reported Dh28 billion surplus in 2018 revenue The surplus surge is accredited to the rise in the UAE government’s revenues. By Gulfnews – TFMNews Abu Dhabi: The UAE government’s surplus posted Dh28 billion in the first nine months of 2018, according to the latest figures released by the Federal Competitiveness and Statistics Authority. […]

Finance Update

Cathay Pacific Airways profit beating expectations; HK$2.3 billion ($293.05 million) for 2018

Cathay Pacific Airways sees 2018 profit beating expectations, shares surge Shares surged by as much as 6.6 percent to their highest level since June 2018 after the market reopened for the post-lunch session. (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on February 20 it expected to swing to an annual profit of about […]