Bahrain’s national airline Gulf Air has claimed that it has cut year-on-year losses by nearly a third and increased overall revenue by 10 per cent in the first half this year.
However, the airline declined to provide figures
Emirates Integrated Telecommunications Company (du) has declared an interim dividend of Dh0.12 ($0.03) per share at its Ordinary General Meeting (OGM) held yesterday (August 25) in Dubai.
Strong performance in revenues during the
Emirates General Transport and Services Corporation has recorded a Dh1.5 billion ($408.3 million) in total revenues last year, maintaining an annual growth rate of 18 per cent over the part five years, said a report.
The company h
Bahrain has planned to slash public debt and boost state revenues to bolster development. The government's financial policies took centre stage as the Cabinet convened for its weekly meeting yesterday (August 24).
Hikma Pharmaceuticals, a major multinational pharmaceutical group with operations across Mena, Europe and the US, reported a 16 per cent increase in Group revenue to $738 million during first six months of the year.
The increase i
Egypt is planning to build a new Suez Canal alongside the near-145 year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.
"This giant pr
Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.
The Suez Canal earns
Leading UAE investment bank Shuaa Capital has reported a 46.1 per cent increase in revenues totalling to Dh116.2 million ($31.6 million) in the first half of the year, as compared to Dh79.5 million in the same period last year.
Dubai hotels experienced positive revenue-per-available-room performance during June despite a 5.5 per cent decline in occupancy, a report said.
There was an 8.6 per cent increase in supply and demand grew 2.6 per cent during the
Dubai property developer Nakheel, which was a major victim of the emirate's financial crisis five years ago but is now recovering strongly, reported a 54 per cent jump in profit for the first half of this year.