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Hywind Scotland reports 'better' resultsThe developers of Hywind Scotland, the world’s first commercial-scale floating wind farm, have reported better than expected results in the first three months of the project’s operations, with cutting-edge technology playing an impor More… |
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ME hotel occupancy, rates down in Q1, Africa results positiveThe hotel industry in the Middle East reported negative performance results during the first quarter of 2017, while hotels in Africa posted growth across the three key performance metrics, according to data from STR - a leading market research f More… |
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ME hotel occupancy, rates down in 2016, Africa results mixedHotels in the Middle East reported negative total-year 2016 results, while hotels in Africa posted mixed results in the three key performance metrics for the same period. Compared with 2015, the Middle East reported a 2.2 per cent More… |
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Middle East hotels post mixed results in JulyHotels in the Middle East reported mixed results across key performance metrics in July. Occupancy rates jumped 58 per cent while average daily rate (ADR) and revenue per available room (RevPAR) dropped 5.9 per cent to $161.82 and 11.9 per cent More… |
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Facebook shares jump 15.5pc after strong resultsFacebook shares surged 15.5 per cent, their biggest percentage increase since July 2013, after the social networking service posted quarterly results that blew away expectations on every key measure. Facebook s More… |
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Jet, Etihad partnership delivering 'strong results'The strategic investment of Etihad Airways into Jet Airways is delivering strong results for both airlines across areas including network growth, revenue enhancement and operational and cost improvements, senior executives from the airlines said More… |
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DFM achieves 100pc annual results disclosure complianceDubai Financial Market (DFM) said its UAE-listed companies have showed a 100 per cent compliance to disclose their last year’s annual results within the deadline of three months from the end of the financial year. All of the More… |
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Jeddah hotels post highest ADR rise in MarchHotels in Jeddah, Saudi Arabia, reported the highest increase of 8.5 per cent to $247.56 in average daily rate (ADR) in March this year, compared the same period last year, in the Middle East/Africa region, according to data compiled by STR Glob More… |
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Emirates Investment Bank profits up 48pc in Q2Emirates Investment Bank, an independent Dubai-based private investment bank, has reported Dh12.3 million ($3.3 million) net profit in the second quarter of 2013, up 48 per cent as compared to Q2 last year. It said the bank's More… |
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Emirates Group H1 net profit soars 68pcThe Emirates Group said it has registered a solid net profit in the first half which touched Dh2.1 billion ($575 million), up 68 per cent compared to Dh1.3 billion last year despite continued global economic pressure and continued high fue More… |
