Monday 22 May 2017
 
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Q1

LG Electronics revenues up 9.7pc in Q1

LG Electronics (LG), a leading global technology company, has posted a revenue of $12.70 billion for the first quarter (Q1) of this year, an increase of 9.7 per cent from the same period last year. LG nearly doubled its operating

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Ma'aden reports revenue of $725m for Q1

Saudi Arabian Mining Co (Ma'aden) has reported a revenue of SR2.72 billion ($725.2 million) during the first quarter of this year, up 20 per cent year-on-year. The sales growth was due to increase in sales volume of all produc

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Ma'aden reports revenue of $725m for Q1

Saudi Arabian Mining Co (Ma'aden) has reported a revenue of SR2.72 billion ($725.2 million) during the first quarter of this year, up 20 per cent year-on-year. The sales growth was due to increase in sales volume of all produc

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Jazeera posts $2.9m net loss for Q1

Kuwait-based Jazeera Airways posted a net loss of KD900,000 ($2.9 million) for the first quarter of 2017. The airline's operating revenue for the quarter was KD10.1 million ($33.1 million), down 15.3 per cent from Q1 2016, and

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DWC Q1 passenger traffic up 29.5pc

Passenger traffic at Dubai World Central (DWC), Dubai’s second international hub, grew an impressive 29.5 per cent during the first quarter of 2017 with 333,780 passengers passing through the facility compared to 257,813 in the same period

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Dubai passenger traffic up 7.4pc in Q1

Passenger traffic at Dubai International Airport (DXB) climbed 7.4 per cent during the first quarter of 2017 to 22,496,596 compared to 20,948,690 recorded during the same period last year, according to traffic results released today by Dubai Air

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Dubai welcomes 4.5m visitors in first three months

Dubai’s tourism sector sustained the momentum of its strong 2017 start, welcoming 4.57 million travellers in the first three months of the year - a stellar 11 per cent increase in overnight visitation compared to the same period in 2016.

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Almarai Q1: Tepid revenue growth continues

Almarai’s year-on-year (y-o-y) revenue growth, which slowed considerably in the last two quarters to approximately 1.0 - 2.5 per cent, slowed further to just 0.3 per cent y-o-y in Q1 2017, a report said. The fall is due to s

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Almarai Q1: Tepid revenue growth continues

Almarai’s year-on-year (y-o-y) revenue growth, which slowed considerably in the last two quarters to approximately 1.0 - 2.5 per cent, slowed further to just 0.3 per cent y-o-y in Q1 2017, a report said. The fall is due to s

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ME hotel occupancy, rates down in Q1, Africa results positive

The 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

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