The levying of tax on undeveloped land in urban centres across Saudi Arabia will add another SR75 billion ($20 billion) to the government coffers besides bringing down the real estate prices to rational levels and resolving the country's hou
Subsidy reform and further diversification are the most critical elements in overcoming the current squeeze on government revenues resulting from a sustained period of lower oil prices, according to experts.
Energy and financial s
Bahrain is planning more subsidy cuts and intends to impose charges for government services next year in order to boost revenues hit by slumping oil prices, the kingdom's minister for industry and commerce told Reuters on Tuesday.
QInvest, a leading investment group in Qatar, posted a net profit of $33.8 million in the third quarter of the year, marking an increase of 69 per cent compared to $20 million in the third quarter of 2014
The bank generated revenu
Mezzan Holding, a leading manufacturer and distributor of food, beverage, FMCG and pharmaceutical products in the Gulf, has reported a 5.6 per cent jump in its revenue for the third quarter which soared to KD46.3 million ($152 million).
Air Arabia, a leading low-cost carrier in the UAE, has registered a solid revenue growth for the first nine months which hit Dh2.87 billion ($781 million) , up two per cent over the same period last year.
The Sharjah-based a
Facebook posted revenues of $4.50 billion in the third quarter, from $3.20 billion a year earlier as the world's largest social network grew even larger, with a spike in mobile users and advertising that lifted its stock to an all-time high.
The revenues of Egypt’s Suez Canal declined to $448.8 million in September, from the $462.1 million in August, according to data released by the Suez Canal Authority (SCA).
The figure marks a 2.87 per cent decline ($13.3 mil
Gulf Hotels Group has achieved a gross operating revenue of BD7.44 million ($19.5 million) in the third quarter of this year compared to BD6.62 million in same period last year, an increase of BD814,701 or 12.29 per cent, said chairman Farouk
Yahoo said on Tuesday it had signed a search advertising deal with Google, providing a potential boost to Marissa Mayer's efforts to turn around the company, which also reported revenue and profit that fell short of market estimates.