International Business Machines Corp (IBM) reported a 4 per cent drop in quarterly revenue, hurt by weak sales in its software and services businesses.
Total revenue fell to $22.4 billion in the third quarter ended Sept. 30 from $
Nawras, Oman's No.2 telecom operator by subscribers, made a net profit of RO10.8 million ($28.1 million) in the three months to September 30 up from RO8 million ($20.7 million) in the year-earlier period, marking a rise of 35.9 per cent.
Intel Corp gave a current-quarter revenue forecast above expectations and said the supply chain was in good shape ahead of holiday season as demand for personal computers recovered.
A global slump in personal computer demand that
Viva Bahrain, a leading telecom operator, expects data to account for at least half of revenue within two years - from a quarter now - as it seeks to counter a decline in conventional calls and texts, its chief executive said.
Saudi Arabia is likely to receive more than SR70 billion ($18.6 billion) in revenues from this year’s Haj and Umrah seasons, according to a report.
There are positive indicators for enhanced Haj revenues, reported the Ar
Turkey’s tourism industry has recorded a revenue of $13.78 billion in the first half of the year, a six per cent increase compared to the same period last year.
The number of tourists visiting Turkey has also noticeably incr
As many as 628 hotel projects are currently under contract in the Middle East and Africa (MEA) region and together they will add 147,454 rooms into the booming hospitality sector, said a report.
The 'under contract' data i
Dubai hotels witnessed a negative revenue per available room (RevPar) and average daily rate (ADR) performance during August despite a 2.6 per cent growth in demand, a report said.
Hotels in the emirate recorded a 5.7 per cent drop in A
Iran's central bank has received a total of $1 billion of previously frozen oil revenue from Japan under the terms of an extended nuclear agreement with six world powers, state news agency IRNA reported on Thursday.
Iran and t
Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday.
The official Mena news agency quoted Mamish as saying that 20