As many as 628 hotel projects are currently under contract in the Middle East and Africa (MEA) region and together they will add 147,454 rooms into the booming hospitality sector, said a report.
The 'under contract' data i
Dubai hotels witnessed a negative revenue per available room (RevPar) and average daily rate (ADR) performance during August despite a 2.6 per cent growth in demand, a report said.
Hotels in the emirate recorded a 5.7 per cent drop in A
Iran's central bank has received a total of $1 billion of previously frozen oil revenue from Japan under the terms of an extended nuclear agreement with six world powers, state news agency IRNA reported on Thursday.
Iran and t
Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday.
The official Mena news agency quoted Mamish as saying that 20
Kuwait Energy, an independent oil and gas company with assets across the Mena region, said its revenue for the second quarter rose to $72.3 million, up 12.6 per cent over the same period last year.
Announcing an update on its seco
Bahrain’s national airline Gulf Air has claimed that it has cut year-on-year losses by nearly a third and increased overall revenue by 10 per cent in the first half this year.
However, the airline declined to provide figures
Emirates Integrated Telecommunications Company (du) has declared an interim dividend of Dh0.12 ($0.03) per share at its Ordinary General Meeting (OGM) held yesterday (August 25) in Dubai.
Strong performance in revenues during the
Emirates General Transport and Services Corporation has recorded a Dh1.5 billion ($408.3 million) in total revenues last year, maintaining an annual growth rate of 18 per cent over the part five years, said a report.
The company h
Bahrain has planned to slash public debt and boost state revenues to bolster development. The government's financial policies took centre stage as the Cabinet convened for its weekly meeting yesterday (August 24).
Hikma Pharmaceuticals, a major multinational pharmaceutical group with operations across Mena, Europe and the US, reported a 16 per cent increase in Group revenue to $738 million during first six months of the year.
The increase i