Saturday 20 December 2014
 
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Revenue

Bahrain tourism 'hit by hotels clamp'

The recent measures targeting three and four-star hotels are taking a heavy toll on the tourism industry in Bahrain. A leading Asian hotelier has stopped his expansion plans in Bahrain and started transferring his investments abro

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GCC petrochemicals revenues hit $89bn

Petrochemicals revenues reached an all-time high last year in the Gulf Cooperation Council, hitting the $89.4-billion mark, according to a report. This was revealed in a new industry report by the Gulf Petrochemicals and Chemicals

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GCC petrochemicals revenues hit $89bn

Petrochemicals revenues reached an all-time high last year in the Gulf Cooperation Council, hitting the $89.4-billion mark, according to a report. This was revealed in a new industry report by the Gulf Petrochemicals and Chemicals

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Saudi drives GCC hotel revenue growth in September

The hospitality sector in the GCC witnessed solid growth in September with Saudi Arabia dominating the region with a 49.2 per cent increase in Revenue per available room (RevPAR) followed by Qatar with a 18.9 per cent growth. Its neighb

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UAE telecoms firm du posts 18pc rise in Q3 profit

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. The firm,

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Agility sees solid revenue growth in 2015

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

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Xerox revenue hit by weak services growth

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

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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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