Sunday 7 February 2016
 
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Revenue

Ras Al Khaimah's tourism revenue up 12pc

Ras Al Khaimah Tourism Development Authority has registered a 12.4 per cent increase in total revenue last year compared to 2014, with industry indicators highlighting a positive performance for the year.   The e

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Majid Al Futtaim properties revenue soars to $1.08bn

Majid Al Futtaim Properties, one of the leading diversified property companies in the Middle East and North Africa (Mena) region, has registered a total revenue of Dh4 billion ($1.08 billion) in 2015, up seven per cent over the year before.

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Facebook sees big jump in mobile ad sales

Facebook smashed investors' expectations with a 52-per cent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world's bigges

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Top 8 Mideast retailers post 19.4pc growth

The eight leading retailers representing the Africa and the Middle East generated composite growth of 19.4 per cent during fiscal 2014, which is 4.5 times greater than the top 250 worldwide, a report said. The top 250 global retai

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eDirham's revenue grows 21pc to $2.2bn

E-Dirham, an initiative launched by the UAE Ministry of Finance to provide an official electronic payment platform for collection of revenues and service fees of governmental and semi-governmental institutions, has reported the e-collection of

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Genel forecasts lower revenue; shares sink

Genel Energy, one of the main oil producers in Iraqi Kurdistan, forecast lower revenue and production for this year, hurt by weak oil prices, sending its shares down to a record low on Wednesday.   The company fo

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Rotana appoints new revenue cluster director

Rotana Group, a leading hotel management company in the Middle East, has welcomed Amr El Naggar as its new cluster director of revenue for Capital Centre Arjaan by Rotana and Centro Capital Centre in Abu Dhabi. In his new role, El

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Turkey sees $1.2bn of extra revenue after tax hikes

Turkey expects an additional 3.6 billion lira ($1.21 billion) of revenue this year after introducing tax hikes on alcohol and tobacco products, mobile phones and some highway and bridge tolls, a senior economy official said on Tuesday.

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Ajman tourism revenue jumps 47pc in Q3

Tourism revenue in Ajman reached Dh80.05 million ($21.7 million) during the third quarter of the year, jumping 47 per cent from Dh54.6 million ($14.8 million) in the same period in 2014, showed recent data. According to the latest

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New tax proposals to boost revenues in Bahrain

New fees, including a proposed tax on factory emissions, have been put forward by the Bahrain government’s finance head as a way of reducing Bahrain’s reliance on oil revenue. Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa w

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