MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
DUBAI, July 25 Vodafone Qatar, an affiliate of Vodafone Group, said on Thursday its first-quarter loss narrowed and named a new chairman of its board.
Vodafone, which ended Qatar Telecom's (Qtel) domestic monopoly in 2009, made a first-quarter net loss of 85 million riyals ($23.3 million) in the three months to June 30. That compares with a loss of 118.3 million riyals in the year-earlier period. The operator's financial year starts on April 1.
Quarterly revenue was 459 million riyals, up 31 percent on the same three months a year ago, according to the bourse statement.
Two analysts polled by Reuters forecast Vodafone Qatar would make a quarterly loss of 67 million and 65.5 million riyals.
Vodafone Qatar said it had named Sheikh Khalid bin Thani bin Abdullah al-Thani as its new chairman of the board. He replaces Sheikh Abdulrahman bin Saud Al-Thani, who had chaired the company since June 2008.
Vodafone, which owns 23 percent of Vodafone Qatar, in November extended a contract to manage its Qatari affiliate until 2018.
Vodafone had 1.146 million mobile customers as of June 30, up 31 percent from a year earlier.
First-quarter average revenue per user (ARPU), a key metric for the telecom sector, was stable at 123 riyals, the statement added.
MEXICO CITY, Sept 24 A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.
TORONTO, Sept 24 Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co.