Italian fashion house Prada, which is planning an initial public offering, has signed a joint venture deal to distribute its brands in the Middle East, Prada and its partner said on Wednesday.
Egypt's cigarette monopoly Eastern Company posted unaudited nine-month net profit for the period ended March 2011 of 402 million Egyptian pounds ($67.6m).
McDonald’s Holdings Co (Japan) may raise prices of its coffee and breakfast sets from June, while lowering charges for cold drinks, President Eikoh Harada said in Tokyo today.
Kimberly-Clark Corp, the maker of Scott toilet paper and Huggies diapers, cut the lower end of its 2011 profit forecast, citing increasing materials costs. The shares fell the most in six months.
The Ritz-Carlton Hotel Company announced an agreement with Abu Dhabi National Hotels (ADNH) for The Ritz-Carlton to operate a waterfront hotel in Abu Dhabi, the capital of the United Arab Emirates.
Al Mannai Corp, a Qatari retailer of electronics, durables and vehicles, said first-quarter profit rose to 68.4 million riyals from 65m riyals in the year- earlier period, according to a statement on
Zad Holding, a Qatari foods company and wheat importer, posted a five per cent increase in first-quarter profit to 35.4 million riyals from the year-ago period, according to a statement to the Qatari
Marriott International reported a bigger quarterly profit as a more robust global economy boosted demand for lodging.
Abdullah Al Othaim Markets, the Saudi Arabian supermarket operator, said first-quarter profit rose to 36.5 million riyals from 31.7 million riyals the year earlier.
China is allowing more Brazilian beef producers to export the meat to the Asian nation, Brazilian Agriculture Minister Wagner Rossi said today.
