Sunday 28 May 2017
 
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Revenues

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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Batelco Q1 revenues edge down 1pc to $238m

Batelco Group, a top regional telecom group, has reported gross revenues of BD89.7 million ($237.9 million) for the first quarter (Q1) of the year, marking a marginal one per cent decrease year-on-year and 5 per cent drop over Q4 2016.

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Metals and Recycling Company revenues up 7.32pc

Kuwait-based Metals and Recycling Company (MRC), a leading eco industrial company and its subsidiaries, exhibited significantly enhanced earnings performance across during the financial year (FY) ended December 31, 2016, in comparison to the pre

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Mena hospitality markets see revenues drop in 2016

Hospitality markets across Mena witnessed a negative performance in 2016 compared to 2015, a new report has revealed. According to the EY Middle East Hotel Benchmark Survey Report, the majority of markets experienced a drop in Rev

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Deyaar's 2016 net profit down 25.7pc

Deyaar Development, one of Dubai’s leading property developers and real estate service providers, has reported a net profit of Dh216.1 million ($58.8 million) for 2016, registering a 25.7 per cent drop from Dh291.4 million

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EFG Hermes revenues rise 28pc in Q3

EFG Hermes, a leading financial services corporation, reported earnings of EGP41 million ($2.56 million) on revenues of EGP294 million during third quarter (Q3) of 2016, up a solid 28 per cent year-on-year.  Earnings from con

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Shuaa Capital revenues up 42pc in Q3

Shuaa Capital saw total revenues grow to Dh48.7 million ($13.2 million) in the third quarter of the year, a 42 per cent increase on Q3 2015 when total revenues were Dh34.3 million ($9.33 million). Net loss was Dh35.3 million ($9.6

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Qatar UDC revenues soar to $356m in Q3

Qatar-based United Development Company (UDC) said its revenues surged to QR1.3 billion ($356 million) in the third quarter, up seven per cent over the same period last year despite the overall challenges affecting the real estate market.

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Kuwait posts $15.22bn budget deficit

Kuwait’s government posted a budget deficit of KD4.6 billion ($15.22 billion) for the fiscal year 2015/16 (FY15/16) as a result of the sharp decline in oil prices. The deficit, before the transfer to the Future Generations F

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Paris tourism lost $849.3m after attacks

Islamist attacks, strikes and floods kept foreign tourists away from the French capital in the first half of the year and cost the Paris region tourism industry some €750 million ($849.38 million) in lost revenue, officials said on Tuesday.

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