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.
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
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
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
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
InterContinental Hotels Group, one of the world's largest hoteliers, posted a 5.9 per cent rise in first quarter global room revenue, delivering growth across all of its regions.
IHG, which runs over 4,900 hotels under brands
Jumeirah Group, a Dubai-based luxury hotel company and a member of Dubai Holding, said its occupancy levels reached 84.6 per cent over the first four months of the year, with an average daily rate of Dh2,385 ($649) and revenue per available room
Ajman’s tourism revenues for the first quarter of the year was Dh90 million ($24.4 million), as compared to Dh77 million recorded over the same period last year, according to the latest tourism statistics.
The figures were r
Abu Dhabi National Insurance Company (Adnic) has posted a revenue of DH2.63 billion ($715.8 million) for last year, an increase of nine per cent compared to the previous year.
The firm, however, posted a net loss of Dh280 million
Twitter reported quarterly revenue that fell short of Wall Street estimates and cut its full-year forecast because of weak demand for its new direct response advertising, sending shares down as much as 24 per cent on Tuesday.