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Hansgrohe revenue rises 5.4pc to $1bn in 2012Germany’s Hansgrohe Group, a leading sanitary fittings manufacturer, has posted revenues of 805 million euros ($1.04 billion) in 2012 as against 764 million euros in 2011, marking a 5.4 per cent rise year on year. Revenues w More… |
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Gulf Hotels posts net profit of $7.4m for Q1Bahrain-based Gulf Hotels Group (GHG) has reported a net profit of BD2.851 million ($7.43 million) for the first three months of this year. The profit is up slightly, by 0.19 per cent or BD5,460, when compared with BD2.845 million More… |
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Turkey ‘to see 33m global tourists in 2013’Turkey is set to welcome 33 million international tourists this year – its biggest annual arrivals forecast yet, according to estimates by the Association of Turkish Travel Agencies. Mehmet Önkal, co-organiser of the up More… |
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RAK sees solid passenger, revenue growthThe Ras Al Khaimah International Airport put up an impressive performance in 2012 registering a solid 24 per cent growth in passenger numbers and a 60 per cent jump in its revenue, said its top official. In addition, the operation More… |
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Lower oil income may force Saudi to cut growth spendSaudi policy makers can look forward to a promising year ahead, with only a few clouds to unsettle a generally rosy economic outlook. Age and ill-health issues affecting the senior leadership, and the ensuing uncertainties over th More… |
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Saudi heavy equipment market worth over $246mSaudi Arabia remains one of the key heavy equipment rental markets in the Middle East with annual revenues exceeding $246 million, said an expert ahead of a major industry event. Being the Middle East’s largest building and More… |
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Oman Air posts record revenues in Jan-MayOman Air, the national airline of the Sultanate, has posted a record growth of 28 per cent in net passenger revenue in the first five months of the year, as compared to a full-year increase of 28 per cent in 2011. Passenger numbers grew by More… |
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Aramex Q1 net profit rises 22pcAramex, the Dubai-based logistics firm, posted a 22 percent rise in first-quarter net profit on Tuesday, driven by higher revenues from the Gulf and contribution from its recent South African acquisition. Aramex, a favourite of regional fu More… |
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Taqa sees 2012 capex at $2.2bnAbu Dhabi National Energy Company (Taqa) expects to increase capital spending to between $2.0 billion to $2.2 billion this year as it pushes ahead with expansion plans. Taqa, which is 75-per cent owned by the government of Abu Dhabi, spent More… |
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Dubai plans to securitise DDF revenuesDubai plans to raise funds by selling debt based on future revenues at Dubai Duty Free, one of the world's largest airport retailers, according to three sources. The emirate's Department of Finance is working in tandem with the Inv More… |
