Friday 21 July 2017
 
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Q1

Abu Dhabi welcomes 1.6m visitors in Q1

Close to 1.6 million guests arrived in the UAE capital, Abu Dhabi, in the first quarter of 2017, registering a 7 per cent growth compared to the same period last year, said a report. The month of April has continued to build on th

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Jafza registers 122 new firms in Q1

Jebel Ali Free Zone (Jafza), a DP World company and a major destination for foreign direct investment in Dubai, has registered 122 new companies from 33 countries during the first three months of 2017. More than half (55 percent)

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Qatar hotel occupancy, rates decline in Q1

Due to slowing economic activity and corporate spending, hotels in Qatar have experienced a decline in occupancy and average rates during the first quarter of 2017, a new report has revealed. According to a market review released

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Topaz revenue down 25pc in Q1

Dubai-based Topaz Energy and Marine, a leading international offshore support vessel company, has posted a revenue of $58.2 million for the three months ended March 31, 2017, down 25 per cent compared to $77.7 million for the same period last ye

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Topaz revenue down 25pc in Q1

Dubai-based Topaz Energy and Marine, a leading international offshore support vessel company, has posted a revenue of $58.2 million for the three months ended March 31, 2017, down 25 per cent compared to $77.7 million for the same period last ye

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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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