Wednesday 29 June 2016
 
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Q1

Ajman Q1 tourism revenue surges $29m

Ajman witnessed a 20 per cent increase in the number of guest arrivals during the first quarter of the year, generating total tourism revenue of Dh108 million ($29.3 million), a new report has unveiled. According to tourism statis

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Napco posts $12.4m revenue in Q1

Oman-based National Aluminium Products Company (Napco), a leading extruder of aluminium in the GCC, said it has achieved OR4.8 million ($12.4 million) in revenues during the first quarter ending on March 31. The company reported a

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Iranian appetite for German goods prompts surge in Q1 exports

German exports to Iran, especially of machines and equipment, rose significantly in the first quarter following the removal of international sanctions against the Islamic Republic, government data showed on Thursday. Exports to Ir

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Jordan airport welcomes over 1.6m passengers in Q1

Jordan's Queen Alia International Airport (QAIA) received a total of 1,639,519 passengers in the first three months of 2016, registering an increase of 8.5 per cent in year-to-date passenger traffic in comparison to Q1 2015. A

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RAK Hospitality Asset Management Q1 RevPAR up 16.4pc

RAK Hospitality Asset Management has announced that its hotels under management posted a record growth of 16.4 per cent in revenue per available room (RevPAR) in Q1 2016. Rashad Saab, head of asset management at RAK Hospitality As

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RJ losses drop $1.4m in Q1

National carrier Royal Jordanian (RJ) has reported a 13 per cent improvement in its first quarter financial results as losses dropped JD1 million ($1.4 million) to JD 7.3 million ($10.2 million) from JD8.3 million ($11.6 million) in the same per

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Dubai sees record 4.1m visitors from Jan to March

Dubai welcomed a record 4.1 million tourists during the first three months of the year, jumping up 5.1 per cent compared to the same period in 2015, official figures showed. According to figures released by Dubai's Department

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Qatar Navigation Q1 net profit falls 3.6pc

Qatar Navigation (Milaha) reported a 3.6 per cent fall in first-quarter net profit on Sunday. The shipper's net profit was QR352 million ($96.7 million) for the three months ending March 31, down from QR365 million ($100.17 mi

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Aramex Q1 net profits up 12pc

Aramex, a leading global logistics solutions provider, has announced a 12 per cent increase in net profits to Dh96.9 million ($26.38) for the first quarter of 2016, compared to Dh86.6 million ($23.5 million) during the same period in 2015.

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PetroRabigh swings to Q1 loss

Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) swung to a first-quarter net loss, it reported on Wednesday, as its earnings were impacted by the plant's gradual restart after a period of maintenance at the end of last

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