Log in Register

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *
Login With Facebook

Rolls Royce playing it safe despite increased revenue predictions

altApril 29 - Rolls-Royce, British engine maker, is showing caution despite the prediction venturing into aircraft programmes is going to double its revenues in the next 10 years. "Whilst we are seeing signs of stability and modest improvement in some parts of the global economy, the overall environment remains challenging," Rolls Royce Chief Executive John Rose said yesterday.
Shares of the company that have been rising in the last three months went down by 3.47 per cent, thus valuing the group at Dh61.39 billion ($16.80 billion). "We continue to expect underlying revenue, underlying profits and average net cash balances to be broadly similar to those achieved in 2009 despite a modest cash outflow in 2010," Rose said.
Rolls-Royce is the world’s second largest maker of aircraft engines after General Electric. Like other engine makers, the company has suffered delays in the production of new Airbus and Boeing planes, thus decreasing revenues.


New seaside resort in Qatar

Those of you planning a trip to Qatar may want to check out Qatar’s first leisure destination Sealine Beach, a Murwab Resort, which has now opened following a major
  • More Hotels News
  • Destination:

    1. Start date:

    2. End date: