Tuesday 21 April 2015
 
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Revenue

Honeywell's revenue falls on unit sale

Honeywell International, a major manufacturer of aircraft electronics and climate control systems, has reported a five per cent fall in quarterly revenue, hurt by the sale of its friction materials business and a strong dollar. Th

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Gulf Hotels Group posts $8m profit in Q1

Gulf Hotels Group has reported a slight decline in revenues for the first quarter this year, when compared with the same quarter last year. Total gross operating revenue was down by BD176,721 ($465,484) or 1.97 per cent to BD8.795

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Senaat revenue soars to $3.64bn in 2014

Abu Dhabi's General Holding Corporation (Senaat) has reported robust financial performance for 2014 with the group's revenue increasing by 16 per cent to Dh13.4 billion ($3.64 billion) compared to Dh11.6 billion ($3.15 billion) the previ

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Oman Air flies high with $1.03bn revenue in 2014

Oman Air, the flag carrier of the Sultanate, said its total revenue rose four per cent to RO398.3 million ($1.03 billion) in 2014 when compared to the previous year. This was broadly in line with the global industry average. This

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Qatar's Ooredoo expects revenue to fall this year

Qatar's Ooredoo forecasts its revenue will fall by as much as three per cent in 2015 and core earnings will drop by a similar margin, a presentation by the telecommunications operator on its website shows. Ooredoo, which has e

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DP World posts 11pc revenue increase

DP World, a leading port operator, has posted 11.3 per cent rise in revenues last year to reach $3.4 billion, according to a statement from the company. The firm made a profit attributable to shareholders of $675 million compared

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Iran yet to receive $7.8bn for oil sales

Iran has yet to receive $7.8 billion for crude oil sales made in recent months, government spokesman Mohammad Baqer Nobakht was quoted as saying, as Western sanctions keep Tehran shut out of the global banking system.  

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Egypt targets $20 billion tourism revenue in 2020

Egypt hopes to generate $20 billion in revenue from tourism by 2020 by attracting 20 million visitors, new tourism minister Khaled Ramy said on Sunday at an international investment conference in the Red Sea resort of Sharm El-Sheikh.

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Hikma Pharmaceuticals posts 9pc revenue increase

Hikma Pharmaceuticals, a leading multinational pharmaceutical group with operations across the Middle East and North Africa (Mena), Europe and the United States, has posted a nine per cent increase in revenue, with returns of $1.4 billion last y

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Self-driving cars could generate billions in revenue

Self-driving cars could generate billions of dollars a year in revenue from mobile internet services and products, even if occupants spend only a fraction of their free time on the web, according to a new study by McKinsey & Company.

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