International Business Machines Corp's quarterly revenue revenue dropped 2.8 per cent to $20.24 billion for the quarter ended June 30 from a year earlier, hurt by a fall in its traditional hardware businesses.
IBM also stood b
Bahrain is aiming to earn BD1 billion ($2.6 billion) per year from tourism by 2020, it was revealed. The estimate revenue for last year was BD600 million ($1.5 billion), which means almost doubling the income in the next four years, reported the
Saudi Arabia's tourism sector generated SR53.7 billion ($14.3 billion) in revenues this year, said a report stating official figures.
The Saudi Commission for Tourism and National Heritage (SCTNH) unveiled that domestic and in
The Middle East region's hotels reported negative results in key performance metrics in May, while Africa reported mixed results in the three key performance metrics of occupancy, average daily rate (ADR) and revenue per available room (RevP
The Organization of the Petroleum Exporting Countries’ (Opec) 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published on Wednesday, underlining the impact on producers' income from a collaps
BlackBerry posted a bigger-than-expected fall in first-quarter revenue on Thursday, but forecast full- year results above market expectations.
Its shares were up slightly at $6.79 in premarket trade as it said it expected to post
The Organization of the Petroleum Exporting Countries (Opec’s) full-year 2016 oil export revenues will probably fall 15 per cent, down for the third straight year and possibly the lowest in more than a decade before rising in 2017, the U
Three, four and five-star hotels in Oman saw revenues drop to OMR52.98 million ($137 million) in the first quarter of 2016, slipping 8 per cent compared to the same period last year, said a report.
Hotels recorded a 2.4 per cent d
Ajman witnessed a 20 per cent increase in the number of guest arrivals during the first quarter of the year, generating total tourism revenue of Dh108 million ($29.3 million), a new report has unveiled.
According to tourism statis
Bahrain's hotels saw total revenues slump by nearly seven per cent in March despite reducing payroll levels and overheads, reported the Gulf Daily News, our sister publication, citing new data.
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