Thursday 24 May 2018
 
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Revenue

Drake & Scull International swings to Q1 net profit

Drake & Scull International, a regional leader in engineering and construction services, has achieved an overall net profit of Dh7 million ($1.9 million) for the first quarter, compared to the net loss of Dh839 million ($228 million) declare

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Jeddah hotel occupancy, revenue rates hit new low

The hospitality sector in Saudi port city of Jeddah registered a negative performance with regard to occupancy rates and also revenue growth mainly due to a 10 per cent  jump in supply, said a report. Last month there was a s

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Dubai airport immigration process reduced to six seconds

Dubai International Airport (DXB) has reduced its immigration counter process to six seconds compared to 40 seconds before, thanks to Data intelligence as 90 per cent of passengers are pre-cleared, a senior official revealed. Part

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Oman hotel revenues cross $100m in first two months

Hotels in Oman experienced a positive start to the year as revenues of the three- to five-star hotels climbed up 11.5 per cent to OMR41.30 million ($107 million) in the first two months, a significant increase from the OMR37.05 million ($95.9 mi

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Batelco posts solid growth in Q1, net profit up 60pc

Batelco, the regional telecommunications group with operations across 14 countries, today announced a promising start to the year with strong improvement in its overall performance compared to the first quarter of 2017. Announcing

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Galaxy S9 drives Samsung Q1 profit to $14.4bn

Samsung Electronics has posted KRW15.64 trillion ($14.4 billion) in operating profit on KRW60.56 trillion in revenue for the first quarter of 2018, led by the company’s memory business and sales of mobile products, including the Galaxy S9.

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Emaar Malls records 24pc growth in Q1 revenue

Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, said its revenue for the first three months of 2018 hit Dh1.038 billion ($283 million), up 24 per cent over Dh836 million ($228 million) last year, primarily

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Alpha Destination Management targets 14pc revenue jump

Alpha Destination Management, a market leader in the tourism sector in the GCC, expects to see a 14 per cent increase in revenue this year from the recent business deals including the Expedia Local Expert agreement. Speaking about

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Mideast auto sales revenue to top 15bn by 2021

The Middle East’s sales revenue from engine and car components, systems, tyres, and auto accessories, is expected to surpass the $15-billion mark in the next three years, compared to $12.4 billion in 2017, growing at a compound annual grow

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Mideast auto sales revenue to top 15bn by 2021

The Middle East’s sales revenue from engine and car components, systems, tyres, and auto accessories, is expected to surpass the $15-billion mark in the next three years, compared to $12.4 billion in 2017, growing at a compound annual grow

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