Monday 21 April 2014
 
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Revenues

ADIB Egypt swings to $14.5m profit in 2013

Abu Dhabi Islamic Bank (ADIB) Egypt has reported a net income of EGP103 million ($14.5 million) for the year ending December 31, 2013, compared to EGP855 million loss in 2012. The bank reported gross revenues of EGP580 million, wi

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Dubai developer Damac profits triple to $641m

Dubai luxury real estate developer Damac tripled its 2013 net profit and plans more new projects this year, it said on Tuesday, dismissing growing concerns of a new property bubble in the emirate's real estate market. Property

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Kuwait faces hard sell as it eyes cut in subsidies

Kuwait's policymakers face the uphill challenge of convincing citizens that despite hefty oil revenues, one of the world's richest countries per capita needs to reduce spending to avoid a potential damaging budget deficit later this deca

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Konica Minolta posts $4.5bn sales

Konica Minolta has recorded revenues of more than Dh16.5 billion ($4.5 billion) in sales for the first half of financial year 2013/14. With a global workforce of 41,800 employees, the brand continues to play a leading role in each

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Dubai hotel revenues top $3 billion

Revenues for hoteliers and hotel apartment operators in Dubai reached Dh11.62 billion ($3.16 billion) in the first half of this year, up 18.5 per cent on H1 2012, while the city drew more than 5.5 million tourists during the period.

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Bahrain’s revenues surge 20pc to top $7.8bn

Bahrain's overall revenues soared by 20 per cent last year to top BD3.03 billion ($7.81 billion), beating the forecast figures by BD511.3 million, a report said. The positive trend was revealed as HRH Prime Minister Prince Kha

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Bahrain’s revenues surge 20pc to top $7.8bn

Bahrain's overall revenues soared by 20 per cent last year to top BD3.03 billion ($7.81 billion), beating the forecast figures by BD511.3 million, a report said. The positive trend was revealed as HRH Prime Minister Prince Kha

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Hansgrohe revenue rises 5.4pc to $1bn in 2012

Germany’s Hansgrohe Group, a leading sanitary fittings manufacturer, has posted revenues of 805 million euros ($1.04 billion) in 2012 as against 764 million euros in 2011, marking a 5.4 per cent rise year on year. Revenues w

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Gulf Hotels posts net profit of $7.4m for Q1

Bahrain-based Gulf Hotels Group (GHG) has reported a net profit of BD2.851 million ($7.43 million) for the first three months of this year. The profit is up slightly, by 0.19 per cent or BD5,460, when compared with BD2.845 million

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Turkey ‘to see 33m global tourists in 2013’

Turkey is set to welcome 33 million international tourists this year – its biggest annual arrivals forecast yet, according to estimates by the Association of Turkish Travel Agencies. Mehmet Önkal, co-organiser of the up

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