Friday 15 December 2017
 
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Revenue

Jeddah hotel occupancy, revenues slump in November

Hotels in Jeddah suffered in November with occupancy and revenues showing double-digit decreases, according to new data. Figures released by STR revealed that hotel occupancy across the Saudi city averaged 45.7 per cent in Novembe

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New revenue manager for Millennium Airport Hotel Dubai

Millennium Airport Hotel Dubai has promoted Flynn Pinto to the role of revenue manager. Pinto, who holds strong credentials and outstanding experience, was previously the reservations manager at the hotel. Making th

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Marka posts $6m net loss for Q3

Marka, the UAE's first publicly traded retail operator, has posted a net loss of Dh22 million ($5.98 million) for the third quarter of the year compared to a net loss of Dh126 million in the second quarter. The company reporte

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Emaar's nine-month profit surges 20pc to $1.2bn

Leading property developer Emaar Properties has recorded a Dh4.35 billion ($1.18 billion) net profit for the first nine months (January to September), up 20 per cent over the net profit of Dh3.62 billion ($986 million) for the same period in 201

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Emirates Group H1 revenue hits $13.4bn

The Emirates Group has registered a revenue growth of Dh49.4 billion ($13.4 billion) for the first six months of its 2017-18 financial year, up 6 per cent from Dh46.5 billion ($12.6 billion) during the same period last year. Profi

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RAK Ceramics' core revenues surge 14pc in Q3

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, said its core revenues for the third quarter surged by 14.1 per cent to Dh643.6 million ($175 million) compared to the previous year, mainly driven by strong growth in the

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RAK Ceramics' core revenues surge 14pc in Q3

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, said its core revenues for the third quarter surged by 14.1 per cent to Dh643.6 million ($175 million) compared to the previous year, mainly driven by strong growth in the

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SABB's nine-month net profit down 1.2pc

The Saudi British Bank (SABB), a leading financial institution in the kingdom, has recorded a net profit of SR3.25 billion ($866 million) for the first nine months, down 1.2 per cent (or SR40 million) compared to SR3.29 billion ($876 million) fo

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Zain Bahrain's Q3 net profit up 8.3pc

Zain Bahrain, a leading telecommunications services provider in the kingdom, has announced an 8.3 per cent growth in its net profit for the third quarter which soared to BD1.3 million ($3.4 million) as the operator’s digitization efforts c

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Deyaar's revenues surges 96pc in Q3

Deyaar Development, a leading property developer in the UAE, said its revenue for the third quarter in 2017 surged 96 per cent to Dh512 million ($139 million) over Dh261 million for the same period last year. The increase is mainl

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