Wednesday 5 August 2015
 
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Revenue

Oman hotel revenues drop 1.5pc in May

Hotel revenues of Oman's three- to five-star hotels reached RO87.3 million ($225.9 million) in May, logging a 1.5-per cent drop compared to RO88.6 million ($229.4 million) recorded in the same period last year, said a report. Meanwh

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Senaat's H1 earnings up 18pc

Senaat, a leading industrial investment holding firm in the UAE, has registered over Dh1 billion ($272.2 million) in EBTIDA (earnings before interest, taxes, depreciation, and amortization) during the first half of the year, up 18 per cent from

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Egypt's H1 tourism revenue hits $3.3bn

Egypt's tourism revenue rose 3.1 per cent in the first half of 2015, hitting $3.3 billion from $3.2 billion in the same period last year, the tourism minister said on Wednesday. The total number of tourists rose 8.2 per cent in the

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Algeria trims spending; oil revenues down 50pc

Algeria will trim spending in its 2015 budget by 1.35 per cent as it expects energy earnings to fall 50 per cent due to a slump in oil prices, the government said.   Oil and gas account for 95 per cent of Algeria

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IBM revenue falls for 13th straight quarter

International Business Machines Corp's revenue fell for the 13th consecutive quarter and missed the average analyst estimate, as it continued to shed low-margin businesses and the strong dollar weighed on Big Blue's results.

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Huawei's H1 revenue up 30pc at $28 billion

Huawei Technologies, one of the world's largest telecom equipment makers, on Monday posted a 30 per cent increase in first-half revenue to 175.9 billion yuan ($28.3 billion) and said it would achieve "effective growth" in 2015.

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Intel Q2 revenue drops 4pc to $13bn

Intel Corp reported that its net revenue fell 4.6 per cent to $13.19 billion during the second quarter of the year, edging past the average analyst estimate of $13.04 billion. Growth in the company’s data centers and Interne

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Intel Q2 revenue drops 4pc to $13bn

Intel Corp reported that its net revenue fell 4.6 per cent to $13.19 billion during the second quarter of the year, edging past the average analyst estimate of $13.04 billion. Growth in the company’s data centers and Interne

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Suez Canal revenue falls to $431m in June

Egypt's revenue from the Suez Canal fell to $431.6 million in June from $449.6 million in May, a government website said on Wednesday. The canal, the fastest shipping route between Europe and Asia, is one of Egypt's main s

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Tata Motors eyes $600m defence revenue in 3 years

Tata Motors plans to double the revenue from its defence business over the next three years to $600 million, betting on the government's push for more local defence manufacturing, a top company official said. Indian companies

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