Du, the UAE's No.2 telecom operator by subscriber numbers, reported a 17.8 per cent rise in third-quarter net profit on Tuesday, in line with analyst estimates as mobile data income and fixed line revenue grew.
Revenue at Kuwait-listed logistics company Agility is expected to resume growing next year as emerging markets business expands and the company develops new sectors, said its chief executive Tarek Sultan.
With more than 20,000 emp
Xerox Corp has reported a 2 per cent fall in third-quarter revenue due to tepid growth in its services business and slowing demand in the printing business.
The company's shares were down 3 per cent at $12.79 in afternoon trad
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