Japan's Sony Corp on Friday said operating profit fell in its first quarter by 42 per cent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories.
Saudi Arabia's hospitality sector continued to show signs of a slow down during Q1 2016 due to a sustained decline in oil prices and a slowing demand from the corporate sector. Nevertheless, new hotel establishments entered the market during
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
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
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
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.
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
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
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
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