Mobily shares suspended after revision of 2014 results

first_img Saleha Riaz AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 25 FEB 2015 Rakuten adds Etisalat to RCP open RAN list Etisalat to bring open RAN to Afghanistan Related Previous ArticleBouygues soldiers on, despite revenue and profit fallNext ArticleVimpelCom hit by currency falls in Russia, Ukraine Tags Saudi Arabia’s financial regulator, Capital Market Authority, suspended the trading of operator Mobily’s shares on the country’s stock exchange, following a revision of the company’s 2014 financial resultsAccording to Mobily’s audited results, it posted a SAR 913 million ($243 million) loss instead of a net profit of SAR 220 million, that was previously announced.The company also admitted it had breached covenants on long-term loans with various lenders, causing the loans to be reclassified as current liabilities, which were SAR 15.3 billion at end-2014, Reuters reported.The authority said it will “look into continuing the suspension” once Mobily, an affiliate of Etisalat, discloses the “reasons in details behind the net loss” as well as “any other related material developments”.The company also said it had accepted the resignation of CEO Khalid Omar Al Kaf who had been suspended last year after errors were found in the company’s accounting, leading it to restate figures for 2013 and the first nine months of 2014.Mobily had cut its 2013 profit by $197 million and its first-half 2014 profit was reduced by around $183 million, causing Saudi Arabia’s market regulators to launch an investigation into the matter.Serkan Okandan, who replaced Al Kaf, has a mandate to run the company until the end of March, by which time the board and shareholders have said they will decide the best way forward. Etisalat interim chief made permanent Home Mobily shares suspended after revision of 2014 results Author Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more EtisalatMobilylast_img read more

Daytona NASCAR Cup Series pit stall assignments for Saturday’s race

first_imgSee where your favorite driver will pit for Saturday’s Coke Zero Sugar 400 (7:30 p.m. ET on NBC/NBC Sports App, MRN and SiriusXM NASCAR Radio) at Daytona International Speedway.last_img

Albacor becomes exclusive for WWPC in USA

first_imgThe four areas are now covered exclusively by Albacor Shipping (USA), one of the oldest members of the WWPC. Further details can be found at www.albacorshipping.comThe WWPC is a leading global franchise network for project cargo forwarders with country/area exclusivity.last_img

DHL strengthens network in Middle East and Africa

first_imgThe establishment of the COE follows the growth of industrial projects in the Middle East and Africa, said DHL.The Dubai COE will oversee and coordinate complex projects. Teams in Ethiopia and Kenya will predominantly work with the Dubai entity to manage projects out of sub-Saharan Africa; the location in Egypt will specialise in airfreight chartering and projects for North Africa; while the Turkish competency centre will coordinate ocean freight requirements and handle projects across Iraq and Central Asia.www.dhl.comlast_img read more

ThinkRF Collaborates with Keysight on Spectrum Monitoring and Analysis Solutions

first_imgThe ThinkRF R5500 real-time spectrum analyzer is the first, third-party product to directly connect with the Keysight 89600 VSA software. The combined solution allows government agencies and aerospace and defense firms to make consistent measurements across signals, deployments and applications. The compact, PC-driven, and remotely deployable R5500 allows users to monitor complex waveforms in more locations, while leveraging Keysight’s 89600 VSA, a comprehensive set of software tools for demodulation and vector signal analysis.The combined solution clearly addresses the specific requirements for signals intelligence, wireless intrusion detection and regulatory monitoring by allowing users to get deep and consistent analysis across many different deployment scenarios.The ThinkRF R5500 Real-Time Spectrum Analyzer is built on innovative, highly optimizable, software-defined spectrum analysis technologies. This gives users greater versatility, better performance, and additional capabilities to see the full picture across modern, complex waveforms. Applications such as signals intelligence (SIGINT), technical surveillance counter measures (TSCM), and regulatory monitoring benefit from the cost, size and networkability of the platform. ThinkRF R5500 with 89600 VSA connectivity is available now.last_img read more

The Farmers Market is Saturday from 8 am until 2 pm

first_imgLAFOLLETTE, TN (WLAF) – The Farmers Market here in La Follette is ready for another Saturday of serving our community.     The usual cast of fun and creative folks will be on hand, Farmer John, Megan, Cindy and James, the wood master, and others.  All the fun runs from 8 am until 2 pm in the parking lot across from Doyle’s Tire Shop on the four lane.  The Farmers Market is open every Saturday through Saturday, October 5.  (WLAF NEWS PUBLISHED – 07/19/2019-6AM)Share this:FacebookTwitterlast_img read more

Ballyrogan Vaulting Club Event Saturday 5th July 2014

first_imgHave a go at Equestrian Vaulting! Fun, Free Event!Saturday 5th July 2014 at Spruce Lodge, Ballyrogan Stud, Redcross, Co. Wicklow.Equestrian Vaulting is a sport that combines Horsemanship with Gymnastics.Improves FitnessEncourages TeamworkImprove Self-ConfidenceHelps Communications SkillsSuitable for children and teenagers aged from 6-18. No previous experience of horse-riding or gymnastics necessary.To book your FREE place phone Helen 086-8146937 or Essie 086-2256138.New members always welcome!Email: [email protected]: www.ballyroganvaulting.comFacebook: https://www.facebook.com/ballyroganvaulting.clubFor more information on Vaulting, please visit our Vaulting page. Ballyrogan Vaulting Club Event Saturday 5th July 2014 12 June 2014, 13:48 Home  »  Disciplines News  »  Other Disciplines  »  Vaulting news  »  Ballyrogan Vaulting Club Event Saturday 5th July 2014 Tags:last_img read more

Meet The Five Teams Hoping To Change Africa’s World Cup Story

first_imgThe 2018 FIFA World Cup tournament kicks off from June 14 in Russia. Africa has five representatives in this elite competition: Nigeria, Egypt, Senegal, Morocco, and Tunisia. The continent’s teams secured their spots after a long build-up involving a preliminary knock out phase followed by a four team round robin competition on home and away basis.No African team has ever qualified for the World Cup semi-finals. Many pundits would argue that now is the time to change Africa’s World Cup story. The continent has always promised a great deal in the international showcase but delivered very little.Some of the reasons for failing to qualify for the semi-finals at the World Cup include poor preparation, internal controversies as well as technical and tactical errors at crucial moments in the knock out phases and recruiting foreign coaches at the last minute.Looking at the pedigree of the African teams, and their respective opponents, Nigeria and Senegal stand a good chance to qualify for the second round and possibly beyond.The ContendersHere is a closer look at Africa’s five teams.1. NigeriaCompared to other African teams, Nigeria has been very consistent African representatives at the World Cup since their first appearance in 1994. The Super Eagles, as they are more popularly known at home, also played in the 1998, 2002, 2010, 2014 World Cup tournaments.On the way to Russia, Nigeria eliminated Swaziland in the preliminary round and Zambia, Cameroon and Algeria in the group phase. The team has been under German coach Gernot Rohr since 2016 and prefers a 4-2-3-1 formation. Their most notable star is captain John Obi-Mikel, who previously successfully captained the under-20 and under-23 sides.The other players to watch are Victor Moses of Chelsea, Kelechi Iheanacho and Ahmed Musa of Leicester as well as Alex Iwobi of Arsenal. Nigeria’s strength lies in its solid midfield play and potent attack.They face Croatia, Iceland and Argentina in the group stages. Good results against Croatia and Iceland can propel them to the second round – to which they also advanced in 1994, 1998 and 2014 – and even deeper into the tournament.2. EgyptEgypt makes a long awaited return to the World Cup. It is intriguing that despite being a dominant force at the Africa Cup of Nations, winning a record seven times, Egypt has only featured at the World Cup three times over 84 years – in 1934, 1990 and now in 2018.The Pharaohs booked their ticket after overwhelming Chad at home and away to qualify for the group stage. Egypt overcame Congo, Ghana, and Uganda in the group stages. Hector Cuper, who coached Valencia of La Liga and Inter of Serie A, is the man tasked with leading Egypt at Russia 2018.The team relies on patient build up and opportunistic breakaways to score via their star player Mohamed Salah of Liverpool. Mo Salah, who scored a season record number of goals in the Premier League, is the man to watch. But his injury during the Champion’s League final against Real Madrid has dampened the euphoric hopes of Egyptian fans. Other star players include Mohamed Elneny of Arsenal and Ahmed Hegazi of West Bromwich Albion.Although this team looks thin on star power, their collective understanding, solid defence and team chemistry should put fear in their opponents in the group stage: Uruguay, Russia and Saudi Arabia.3. TunisiaTunisia makes their fifth appearance at the World Cup, having previously featured in 1978, 1998, 2002 and 2006.Coached by Nabil Maâloul, the Eagles of Carthage qualified after beating Mauritania to enter the Africa group stage where they overcame stiff resistance from Guinea, Libya and DR Congo.Unlike other African sides with one or two outstanding individual players plying their trade in the big five European Leagues, the Tunisians play in lower ranked leagues. These include Saif-Eddine Khaoui and Wahbi Khazri. Formerly at Sunderland, Khazri seems to have rediscovered his form on loan at Rennes last season, scoring nine goals in 24 league games.The team’s resourcefulness, grit and spirit will be fully stretched in their fixtures against England, Belgium and Panama. However, it will require a major upset for them to progress to the second round given their opposition’s pedigree.4. MoroccoMorocco last played in the World Cup 20 years ago and have represented Africa four times at the tournament. Their 1986 squad was the first African team to not only qualify for the second round but to do so as leaders of a pool that had England, Portugal and Poland.Coached by Hervé Renard, Morocco narrowly eliminated Equatorial Guinea in the preliminaries. But they proved their worth when they over-powered the highly-rated Gabon, Ivory Coast and Mali to earn qualification.Only six of the 23 players were born in Morocco. The rest were born in France, Spain, or the Netherlands, but have Moroccan heritage and have maintained a connection with Morocco. Key players include national team captain and Juventus centre back Mehdi Benatia and attacking midfielder Mbark Boussoufa, a two-time Belgian Golden Shoe winner and former player on the Chelsea youth team back in 2006.Morocco’s talented team face Iran in their opening match. It’s a must-win game given that they will next be up against highly-rated Spain and Portugal.5. SenegalSenegal shocked the footballing world when they brought down France during the debut at the World Cup in 2002. They followed that up by qualifying for the quarter-finals, the second African team to do so. As such, the Lions of Teranga must be looking forward to their second World Cup under coach Aliou Cisse, who captained the legendary 2002 team.Senegal were held to a 2–2 draw away to Madagascar but recovered to eliminate them 3–0 at home. In the group stage, Senegal overpowered Cape Verde, Burkina Faso and South Africa.Senegal has highly talented players who ply their trade in European leagues. These are led by Sadio Mane who has had a very successful season with Liverpool. Indeed, only the goalkeeper plays on the African continent.They face Poland in their opening match, followed by Japan and Colombia.RelatedQatar 2022: Rohr Absent As Super Eagles Set To Discover World Cup Qualifying OpponentsJanuary 20, 2020In “Africa”INSIDE AFCON 2019: Nigeria Battle Tunisia for Third Place After Failing to Advance to FinalJuly 17, 2019In “AFCON”Africa Will Be Ready For Qatar – FIFA President Infantino (Video)July 6, 2018In “Africa”last_img read more