Tourism revenues in Turkey dropped 16.5 per cent year-on-year to $4.07 billion in the first quarter, the Turkish Statistics Institute said on Friday.
Last year as a whole, tourism revenues fell 8.3 per cent to $31.5 billion. - Reu
Etihad Airways, the national airline of the UAE, today announced its strongest annual financial results to date, with a net profit of $103 million ($73 million in 2014) on total revenues of $9.02 billion ($7.55 billion in 2014).
Turkish Airlines, one of the fastest growing airlines in the world, is set to achieve a sales target of $12.2 billion in 2016, with an overall capacity increase of 16 per cent over last year, it was revealed at the Arabian Travel Market (A
Egypt netted just $500 million in tourism revenue in the first quarter of 2016, down from $1.5 billion a year earlier, a tourism ministry adviser told Reuters, highlighting the country's struggle to kickstart a key dollar-earning industry.
Abu Dhabi Ship Building (ADSB), a provider of construction, repair and refit services for naval, military and commercial boats, posted a consolidated revenue of Dh791 million ($215.3 million) for 2015.
Its net profit rose to Dh87
Telecom operator Zain Saudi reported a narrowing first-quarter loss on Thursday, narrowly missing analysts' forecasts.
The company has yet to make a quarterly profit since launching services in 2008 and has battled to compete
National Aluminium Products Company (Napco), a leading extruder of aluminium profiles in the GCC, has registered revenues of RO24.8 million ($64.1 million) last year, as compared to RO19.4 million, representing an increase of 28 per cent.
Huawei has reported a revenue of 395 billion Chinese renminbi ($60.8 billion) for its carrier, enterprise and consumer business groups (BGs) for 2015, representing a 37 per cent increase year-on-year.
Its net p
Bahrain-based Arab Shipbuilding and Repair Yard said its revenues for January and February this year amounted to $29.1 million with 35 ships docking during the period, said a report in the Gulf Daily News (GDN), our sister publication
The JW Marriott Marquis Dubai,a luxurious property in the UAE emirate, saw revenues jump 13 per cent in 2015, boosted by a 12 per cent increase in demand .
The hotel also saw occupancies across its 1,608 rooms remain constant and in exc