Leading UAE investment bank Shuaa Capital has reported a 46.1 per cent increase in revenues totalling to Dh116.2 million ($31.6 million) in the first half of the year, as compared to Dh79.5 million in the same period last year.
Dubai hotels experienced positive revenue-per-available-room performance during June despite a 5.5 per cent decline in occupancy, a report said.
There was an 8.6 per cent increase in supply and demand grew 2.6 per cent during the
Dubai property developer Nakheel, which was a major victim of the emirate's financial crisis five years ago but is now recovering strongly, reported a 54 per cent jump in profit for the first half of this year.
Abu Dhabi's state-owned Etihad Airways, which plans to buy a 49 per cent stake in Alitalia, reported on Tuesday a 28 per cent jump in first-half revenues, helped by growth in passenger and cargo volumes.
The carrier earned rev
For any business, making sales is the number one priority because without any sales, there would be no business, said a top official.
Many businesses have been facing tough times lately due to the poor economy,
Bahrain's labour fund Tamkeen is set to pay business owners all outstanding dues worth BD12 million ($31.6 million) to BD14 million by mid-June, chairman Shaikh Mohammed bin Essa Al Khalifa said.
Revenue from Egypt's Suez Canal rose 8.9 percent to $442.4 million in April from $406.1 million in the same month a year ago, Egypt's state information portal said on Monday.
March revenues stood at $441.9 million.
Bahrain's national carrier Gulf Air said on Tuesday its annual losses fell by 52 per cent in 2013 as it neared the end of a five-year restructuring.
Gulf Air, which has cut routes and staff, said its losses fell by more than 1
Dubai's Emaar Properties said on Thursday that its revenue from villa sales dropped by nearly 17 percent in the first quarter of the year, as it extracted more income from malls and hotels instead.
The builder of the world'
Investment Corporation of Dubai (ICD)'s revenue rose 18 percent in the first half of 2013, the fund said in financial results made available before its debut bond offering.
The fund, which holds stakes in some of the emirate