Monday 6 July 2015
 
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Revenue

Dubai satellite insurer eyes four-fold revenue growth

Dubai-based elseco, one of the world's largest satellite insurers, expects its revenue to quadruple by 2020 as it expands coverage of energy and aviation, said the firm's chief executive. CEO Laurent Lemaire is Elseco'

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Dubai satellite insurer eyes four-fold revenue growth

Dubai-based elseco, one of the world's largest satellite insurers, expects its revenue to quadruple by 2020 as it expands coverage of energy and aviation, said the firm's chief executive. CEO Laurent Lemaire is Elseco'

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Qalaa Q1 net loss narrows, posts 42.5pc revenue surge

Qalaa Holdings, one of Egypt's largest investment firms, has reported a first-quarter net loss after tax and minority interests of 112.2 million Egyptian pounds ($14.71 million) versus a net loss of 231.9 million pounds in the same period la

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Mezzan posts $18m net profit for Q1, up 24pc

Mezzan Holding, a leading manufacturer and distributor of food, beverage, FMCG and pharmaceutical products in the Gulf, has reported a net profit of KD5.5 million ($18 million) for the first quarter of the year, up 24.8 per cent as compared to t

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MEA hotel occupancy, RevPAR plunges in April

The Middle East and African (MEA) region has reported negative year-over-year results in the three major performance metrics of hotel occupancy, revenue per available room (RevPAR) and average daily rate (ADR) in April, said a report.

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Oman swings to $1.4bn Q1 budget deficit

Oman posted a budget deficit of OR544.6 million ($1.41 billion) in the first three months of this year, swinging from a OR215.4 million surplus a year earlier, provisional finance ministry data showed on Tuesday.     

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BlackBerry cuts jobs worldwide after revenue plunge

Canadian smartphone maker BlackBerry is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business. The company did not specify how many employees would be affect

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Suez Canal revenues top $422m in April

Egypt's revenue from the Suez Canal was $422.1 million in April, a government website said on Wednesday, up from $420.1 million in March. The fastest shipping route between Europe and Asia is one of Egypt's main sources of

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Bahrain govt revenues increase 11pc to $8.1bn

Bahrain government revenues increased by 11 per cent to top BD3.09 billion ($8.1 billion) in 2014, compared with estimates. Meanwhile, actual expenditure dropped by 11 per cent to BD3.54 billion, said a report in the Gulf Dail

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Napco posts $1.8m net profit

National Aluminium Products Company (Napco), a leading extruders of aluminum profiles in the GCC, has posted net profit of RO701,000 ($1.8 million) for last year, with revenues totalling to RO19.3 million. Continuing with the mome

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