Dubai property developer Nakheel, which was a major victim of the emirate's financial crisis five years ago but is now recovering strongly, reported a 54 per cent jump in profit for the first half of this year.
Abu Dhabi's state-owned Etihad Airways, which plans to buy a 49 per cent stake in Alitalia, reported on Tuesday a 28 per cent jump in first-half revenues, helped by growth in passenger and cargo volumes.
The carrier earned rev
For any business, making sales is the number one priority because without any sales, there would be no business, said a top official.
Many businesses have been facing tough times lately due to the poor economy,
Bahrain's labour fund Tamkeen is set to pay business owners all outstanding dues worth BD12 million ($31.6 million) to BD14 million by mid-June, chairman Shaikh Mohammed bin Essa Al Khalifa said.
Revenue from Egypt's Suez Canal rose 8.9 percent to $442.4 million in April from $406.1 million in the same month a year ago, Egypt's state information portal said on Monday.
March revenues stood at $441.9 million.
Bahrain's national carrier Gulf Air said on Tuesday its annual losses fell by 52 per cent in 2013 as it neared the end of a five-year restructuring.
Gulf Air, which has cut routes and staff, said its losses fell by more than 1
Dubai's Emaar Properties said on Thursday that its revenue from villa sales dropped by nearly 17 percent in the first quarter of the year, as it extracted more income from malls and hotels instead.
The builder of the world'
Investment Corporation of Dubai (ICD)'s revenue rose 18 percent in the first half of 2013, the fund said in financial results made available before its debut bond offering.
The fund, which holds stakes in some of the emirate
Revenue from Egypt's Suez Canal rose 8 percent to $438.5 million in April from $406.1 million in the same month a year ago, Suez Canal Authority chief Mohab Memish told Reuters on Tuesday.
March revenues stood at $441.9 millio
Dubai Aerospace Enterprise (DAE), the largest aircraft leasing firm in the Middle East, said its revenue for the whole of 2013 surged to a record $2.1 billion from $1.94 billion the previous year.
The net income rose to $111.6 mil