Wednesday 24 January 2018
 
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Revenue

Global semiconductor revenue to reach $451bn

Worldwide semiconductor revenue is forecast to total $451 billion in 2018, an increase of 7.5 percent from $419 billion in 2017, according to American research and advisory firm Gartner, Inc. This represents a near doubling of Gar

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Deyaar's revenue surges 75pc in 2017

Deyaar Development, one of Dubai’s leading real estate service providers, has reported revenues of Dh751.6 million ($205 million) for 2017, up 75 per cent over Dh428.3 million the previous year. Announcing its preliminary un

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Radisson Blu welcomes new revenue optimisation manager

Hotel group Radisson Blu has named Diala Tabet as the new regional revenue optimisation manager, Africa and Lebanon. Prior to joining Carlson Rezidor, Tabet started her career at Sheraton Bhamdoun in 1999. In 2001, she moved to Ra

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KPMG member firms post 12.7pc rise in revenue

KPMG in the Middle East and South Asia (MESA), a top professional service networks in the region, reported 12.7 per cent growth in aggregated revenues of member firms across the MESA region for the fiscal year ended September 30, 2017.

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Jeddah hotel occupancy, revenues continue to slump

Jeddah's hospitality sector endured another slow month as occupancy and revenue rates continued to decline in December 2017, new data showed. Figures released by STR revealed that hotel occupancy across the Saudi city averaged

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MEA hotel revenues hit by tumbling average room rates

Despite successfully recording growth across a number of revenue departments this month, hotels in the Middle East and Africa suffered a 1.8 per cent year-on-year drop in gross operating profit per available room (GOPPAR). The dip

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Oman tourism revenues exceed $3.1bn

Oman's tourism revenues exceeded RO1.2 billion ($3.1 billion) at the end of last year, with a large share of the revenues coming from local tourism. According to the Tourism Statistics Bulletin issued by the Omani National Cen

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Saudi budget proposes record spending of $260bn

Saudi Arabia has announced an expenditure of of SR978 billion ($260.80 billion) for the next fiscal year, the largest budget spending in the history of the kingdom and a growth of 5.6 per cent compared to 2017.  

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Jeddah hotel occupancy, revenues slump in November

Hotels in Jeddah suffered in November with occupancy and revenues showing double-digit decreases, according to new data. Figures released by STR revealed that hotel occupancy across the Saudi city averaged 45.7 per cent in Novembe

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New revenue manager for Millennium Airport Hotel Dubai

Millennium Airport Hotel Dubai has promoted Flynn Pinto to the role of revenue manager. Pinto, who holds strong credentials and outstanding experience, was previously the reservations manager at the hotel. Making th

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