Kuwait – Mubasher: Al Arabiya Real Estate suffered losses worth about KWD 630,050 ($2.08 million) in the second quarter of 2016, 48.8% down from KWD 1.23 million ($4.06 million) in the same period of 2015.

During the first quarter of 2016, losses reached about KWD 1.3 million as compared to KWD 1.29 million in the same period in 2015; a slight increase of 0.8%.