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Suez Canal May revenue edges up 1pcRevenue from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, Egypt's State Information Portal said on Thursday. In May 2012 it was $434.6 million, while in April 2013 it was $406.1 million. More… |
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Oman must slash govt spending says IMFOman needs to contain state spending and raise non-oil revenue in the medium term to keep its fiscal balance sustainable, the International Monetary Fund said on Wednesday. More… |
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Huawei's Mideast revenue up 18pc in 2012China's Huawei Technologies Co's Middle East revenue rose 18 percent to $2.08 billion in 2012 and the roll-out of 4G mobile networks and IT outsourcing will be among its main regional growth drivers, the firm said. The wor More… |
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Telecom Egypt Q1 result beats forecastTelecom Egypt (TE) reported first-quarter revenue of 2.72 billion Egyptian pounds ($390.1 million), up 1.4 percent from the same period last year and beating an average forecast of 2.59 billion ba More… |
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Rocco Forte posts record Mideast revenueUK-based Rocco Forte Hotels recently finished its financial year 2012/13 on a high with record revenue delivered from the Middle East, amounting to more than $13 million. The region is now in the company’s top five source ma More… |
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Milaha’s first-quarter profits hit $94mQatar Navigation (Milaha) has posted a net profit of QR344.6 million ($94.57 million) for the three months of 2013, as against QR283.7 million for the same period last year, marking an increase of 21 per cent. Operating revenues f More… |
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Arabtec reports 20pc rise in Q1 revenueDubai-based Arabtec, a major contractor specialising in complex projects, posted a 20 per cent rise in revenue during the first quarter of 2013 to Dh1.55 billion ($421.8 million), driven largely by strong performance in Saudi Arabia and Qatar op More… |
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Kuwait Energy Q1 revenue up 8.6pcKuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, said its revenue for the first quarter grew 8.6 per cent, year-on-year, to $64 million when compared to More… |
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Ooredoo posts $221m net profit for Q1Ooredoo (formerly Qatar Telecom), the leading telecom operator in Qatar, has posted a net profit of QR808 million ($221.7 million) for the first quarter (Q1) of the year as against QR711 million for the same period last year, marking a rise of 1 More… |
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Top global banks in India tax rowIndia said 27 companies, including the local units of HSBC, Standard Chartered and Vodafone, underpaid taxes in the last fiscal year after they sold shares to their overseas arms too cheaply. Finance Minister P Chidambaram named t More… |
