Thursday 28 July 2016
 
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Revenue

Twitter toils to boost users as income stalls

Twitter reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator&#

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IBM Q2 revenue drops 2.8pc to $20bn

International Business Machines Corp's quarterly revenue revenue dropped 2.8 per cent to $20.24 billion for the quarter ended June 30 from a year earlier, hurt by a fall in its traditional hardware businesses. IBM also stood b

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Bahrain targets $2.6bn revenue from tourism

Bahrain is aiming to earn BD1 billion ($2.6 billion) per year from tourism by 2020, it was revealed. The estimate revenue for last year was BD600 million ($1.5 billion), which means almost doubling the income in the next four years, reported the

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Saudi Arabia posts $14.3bn tourism revenue

Saudi Arabia's tourism sector generated SR53.7 billion ($14.3 billion) in revenues this year, said a report stating official figures. The Saudi Commission for Tourism and National Heritage (SCTNH) unveiled that domestic and in

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ME hotel revenues down in May, Africa results mixed

The Middle East region's hotels reported negative results in key performance metrics in May, while Africa reported mixed results in the three key performance metrics of occupancy, average daily rate (ADR) and revenue per available room (RevP

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Oil fall tips Opec current account into deficit in 2015

The Organization of the Petroleum Exporting Countries’ (Opec) 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published on Wednesday, underlining the impact on producers' income from a collaps

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BlackBerry reports Q1 revenue slump

BlackBerry posted a bigger-than-expected fall in first-quarter revenue on Thursday, but forecast full- year results above market expectations. Its shares were up slightly at $6.79 in premarket trade as it said it expected to post

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Opec revenue seen down for 3rd straight year

The Organization of the Petroleum Exporting Countries (Opec’s) full-year 2016 oil export revenues will probably fall 15 per cent, down for the third straight year and possibly the lowest in more than a decade before rising in 2017, the U

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Oman's star hotels see Q1 revenues drop 8pc

Three, four and five-star hotels in Oman saw revenues drop to OMR52.98 million ($137 million) in the first quarter of 2016, slipping 8 per cent compared to the same period last year, said a report. Hotels recorded a 2.4 per cent d

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Ajman Q1 tourism revenue surges $29m

Ajman witnessed a 20 per cent increase in the number of guest arrivals during the first quarter of the year, generating total tourism revenue of Dh108 million ($29.3 million), a new report has unveiled. According to tourism statis

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