Tuesday 26 May 2015
 
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Revenue

Oman swings to $1.4bn Q1 budget deficit

Oman posted a budget deficit of OR544.6 million ($1.41 billion) in the first three months of this year, swinging from a OR215.4 million surplus a year earlier, provisional finance ministry data showed on Tuesday.     

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BlackBerry cuts jobs worldwide after revenue plunge

Canadian smartphone maker BlackBerry is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business. The company did not specify how many employees would be affect

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Suez Canal revenues top $422m in April

Egypt's revenue from the Suez Canal was $422.1 million in April, a government website said on Wednesday, up from $420.1 million in March. The fastest shipping route between Europe and Asia is one of Egypt's main sources of

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Bahrain govt revenues increase 11pc to $8.1bn

Bahrain government revenues increased by 11 per cent to top BD3.09 billion ($8.1 billion) in 2014, compared with estimates. Meanwhile, actual expenditure dropped by 11 per cent to BD3.54 billion, said a report in the Gulf Dail

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Napco posts $1.8m net profit

National Aluminium Products Company (Napco), a leading extruders of aluminum profiles in the GCC, has posted net profit of RO701,000 ($1.8 million) for last year, with revenues totalling to RO19.3 million. Continuing with the mome

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IHG makes strong start with $5.9pc revenue rise

InterContinental Hotels Group, one of the world's largest hoteliers, posted a 5.9 per cent rise in first quarter global room revenue, delivering growth across all of its regions. IHG, which runs over 4,900 hotels under brands

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Jumeirah Group’s occupancy levels reach 84pc

Jumeirah Group, a Dubai-based luxury hotel company and a member of Dubai Holding, said its occupancy levels reached 84.6 per cent over the first four months of the year, with an average daily rate of Dh2,385 ($649) and revenue per available room

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Ajman tourism revenues hit $24.4m in Q1

Ajman’s tourism revenues for the first quarter of the year was Dh90 million ($24.4 million), as compared to Dh77 million recorded over the same period last year, according to the latest tourism statistics. The figures were r

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Adnic revenues increase 9pc to $715m

Abu Dhabi National Insurance Company (Adnic) has posted a revenue of DH2.63 billion ($715.8 million) for last year, an increase of nine per cent compared to the previous year. The firm, however, posted a net loss of Dh280 million

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Twitter cuts revenue forecast, shares slump

Twitter reported quarterly revenue that fell short of Wall Street estimates and cut its full-year forecast because of weak demand for its new direct response advertising, sending shares down as much as 24 per cent on Tuesday. User

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