Friday 29 April 2016
 
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Revenue

Turkish tourism revenues down 16.5pc in Q1

Tourism revenues in Turkey dropped 16.5 per cent year-on-year to $4.07 billion in the first quarter, the Turkish Statistics Institute said on Friday. Last year as a whole, tourism revenues fell 8.3 per cent to $31.5 billion. - Reu

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Etihad Airways revenue soars to $9 billion

Etihad Airways, the national airline of the UAE, today announced its strongest annual financial results to date, with a net profit of $103 million ($73 million in 2014) on total revenues of $9.02 billion ($7.55 billion in 2014). T

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Turkish Airlines targets 72m passengers; $12.2bn sales

Turkish Airlines, one of the fastest growing airlines in the world, is set to achieve a sales target of $12.2 billion in 2016, with an overall capacity increase of 16 per cent over last year, it was revealed at the  Arabian Travel Market (A

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Egypt tourism revenue down 66pc in Q1

Egypt netted just $500 million in tourism revenue in the first quarter of 2016, down from $1.5 billion a year earlier, a tourism ministry adviser told Reuters, highlighting the country's struggle to kickstart a key dollar-earning industry.

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ADSB posts revenue of $215m for 2015

Abu Dhabi Ship Building (ADSB), a provider of construction, repair and refit services for naval, military and commercial boats, posted a consolidated revenue of Dh791 million ($215.3 million) for 2015. Its net profit rose to Dh87

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Zain Saudi Q1 net loss narrows

Telecom operator Zain Saudi reported a narrowing first-quarter loss on Thursday, narrowly missing analysts' forecasts. The company has yet to make a quarterly profit since launching services in 2008 and has battled to compete

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Napco posts $64m in revenues, up 28pc

National Aluminium Products Company (Napco), a leading extruder of aluminium profiles in the GCC, has registered revenues of RO24.8 million ($64.1 million) last year, as compared to RO19.4 million, representing an increase of 28 per cent.

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Huawei reports $60bn revenue, up 37pc

Huawei has reported a revenue of 395 billion Chinese renminbi ($60.8 billion) for its carrier, enterprise and consumer business groups (BGs) for 2015, representing a 37 per cent increase year-on-year.   Its net p

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Asry registers $29.1m revenues in January, February

Bahrain-based Arab Shipbuilding and Repair Yard said its revenues for January and February this year amounted to $29.1 million with 35 ships docking during the period, said a report in the Gulf Daily News (GDN), our sister publication

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JW Marriott Marquis Dubai revenues jump 13pc

The JW Marriott Marquis Dubai,a luxurious property in the UAE emirate, saw revenues jump 13 per cent in 2015, boosted by a 12 per cent increase in demand . The hotel also saw occupancies across its 1,608 rooms remain constant and in exc

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