Wednesday 16 April 2014
 
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Revenue

Egypt tourism revenue drops 43pc in Q1

Egypt's tourism revenues dropped 43 percent in the first quarter of 2014 to $1.3 billion, Adela Ragab, the country's economic adviser to the Minister of Tourism, told Reuters on Wednesday. The tourism sector, which has bee

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GCC banks back on double digit growth path

The banking industry in the Middle East returned to double digit revenue growth in 2013 with a 10.7 per cent increase, stemming largely from international acquisitions, according to a recent study. Middle East banking revenues con

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Oman Air revenue, passenger numbers up

Oman Air, the flag carrier of the Sultanate, said its sales revenue surged 10 per cent to RO382 million ($989.4 million) in 2013 when compared to the same period a year ago. Addressing the Annual General Meeting, Oman Air chairman

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Ferrari registers record revenue in 2013

Italian sports car manufacturer Ferrari has achieved record results last year in terms of revenues and profits, said the company chairman. Ferrari's strategy of keeping down the number of cars it builds to preserve their exclu

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Danube posts $544m turnover

Danube Group, a leading construction and home interior company in the UAE, posted Dh2 billion ($544.3 million) in sales revenue last year.   The company reported a 17 per cent growth in the last six months and wi

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Gulfex posts solid growth in revenue, output

Dubai-based Gulf Extrusions (Gulfex), a leading global manufacturer of extruded aluminium products, witnessed solid growth in 2013 with a surge in market share, said a top official. The company registered an increase in revenues a

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Dubai Industrial City revenue up 33pc

Dubai Industrial City, a Tecom Investments’ unit, posted a 33.2 per cent increase in revenue last year.   The increase in revenue was driven mainly by land leases and warehouses lease, which registered an i

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Dubai Industrial City revenue up 33pc

Dubai Industrial City, a Tecom Investments’ unit, posted a 33.2 per cent increase in revenue last year.   The increase in revenue was driven mainly by land leases and warehouses lease, which registered an i

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Asry in big vessel repair milestone

Bahrain's Arab Shipbuilding and Repair Yard (Asry) has announced six vessels underwent repair simultaneously on its dual slipways, which is a record for the leading ship and rig repair yard in the Gulf. This, the yard said, wa

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Turkish Airlines revenue surges 27pc in 2013

Turkish Airlines, one of the leading carriers in Europe, said its sales revenue for 2013 increased by 27 per cent to hit 18.8 billion Turkish lira ($8.57 billion) compared to the previous year. Annocing the results, Turkish Airlin

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