About: http://data.cimple.eu/news-article/717e4cf327966c9f837e5d3011f78dba2faa7622e6b0200414f4c549

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About: http://data.cimple.eu/news-article/717e4cf327966c9f837e5d3011f78dba2faa7622e6b0200414f4c549 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Kuwait's Zain telecom said Wednesday its net profits in the first half of 2020 plunged due to business disruptions caused by the coronavirus pandemic. Zain recorded a 28-percent collapse in net profits in the second quarter, compared to the same period of 2019, posting $117 million. For the six months ending June 30, net profits fell 14 percent, year-on-year. Zain said its business was impacted by the closure of retail stores as well as a halt to international business and travel that hit revenues from roaming services. Kuwait has declared almost 400 deaths from more than 56,000 cases of COVID-19. "All our operations were focused on providing connectivity during the lockdown to minimise the impact of the pandemic on socio-economic life," Zain's CEO Bader al-Kharafi said. Zain has 47 million customers and operates in Iraq, Saudi Arabia, Jordan, Bahrain and Sudan. bur-oh/dm/hc
schema:headline	Kuwait Zain telecom Q2 net profits slide over pandemic
schema:mentions	International trade Jordan Bahrain Sudan Kuwait Saudi Arabia Lockdown Chief executive officer Pandemic Coronavirus Coronavirus disease 2019 Zain Group
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)

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