Tuesday 21 October 2014
 
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Revenue

IBM posts 4pc drop in quarterly revenue

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 $

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Nawras Q3 net profit up 36pc on revenue, margins

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.

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Intel sees big Q4 revenue with better PC demand

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

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Viva banks on data to bolster its revenues

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. Viv

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Saudi Arabia to net $18bn revenue from Haj

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

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Turkey’s tourism revenue hits $13bn in H1

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

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628 hotel projects under contract in MEA

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

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Dubai hotels' ADR down 5.7pc in August

Dubai hotels witnessed a negative revenue per available room (RevPar) and average daily rate (ADR) performance during August despite a 2.6 per cent growth in demand, a report said. Hotels in the emirate recorded a 5.7 per cent drop in A

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Iran receives $1bn under extended nuclear deal

Iran's central bank has received a total of $1 billion of previously frozen oil revenue from Japan under the terms of an extended nuclear agreement with six world powers, state news agency IRNA reported on Thursday. Iran and t

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Suez Canal revenue hits record $508m in August

Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 20

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