Monday 27 June 2016
 
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Brexit Impact: UK under pressure for quick EU split

Britain was under pressure on Saturday to set out a quick timetable for a divorce from the European Union after the country's historic vote to leave the bloc sent shockwaves around the world. Global stock markets plunged on Fr

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Etihad rolls out partial employment freeze

UAE's Etihad Airways will not be hiring non-operational staff 'until the end of year', said a report citing the airline's president and CEO James Hogan. The hiring freeze, which was introduced in the first quarter,

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Saudi cement sector under pressure, sales down 6pc

The cement sector in Saudi Arabia continues to be under pressure as infrastructure investments decline due to low crude prices, lower fuel subsidy, inventory pile-up, and higher competition, said a report. The total cement sales i

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Saudi cement sector under pressure, sales down 6pc

The cement sector in Saudi Arabia continues to be under pressure as infrastructure investments decline due to low crude prices, lower fuel subsidy, inventory pile-up, and higher competition, said a report. The total cement sales i

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Asian shares drop as banks come under pressure

Asian shares extended losses to three-week lows, while the yen soared to a 17-month high against the dollar as investors bet Japan would be hard pressed to drive down its currency in the face of widespread foreign opposition. &nbs

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Flydubai CEO expects difficult 2016

The chief executive of flydubai expects another difficult year for the low-cost carrier as tough economic conditions put pressure on yields. The airline this month reported a 60 per cent drop in 2015 net profit to Dh100.7 million

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Airlines reject criticism over high fares

Global airlines countered allegations of profiteering from low oil prices on Monday after renewed criticism that air fares have failed to come down in line with tumbling fuel costs. The head of the International Air Transport Asso

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Opec hawks push for output cuts

Saudi Arabia has come under increased pressure from fellow Opec members to cut output to prop up prices as the group meets this week amid one of the most severe oil gluts in its history.   Opec is widely expected

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Alarm over collapsing ecosystems in Bahrain

A new study has shown that Bahrain’s ecosystems are deteriorating due to an increase in natural and human pressures. Marine environment constitutes 91 per cent of Bahrain’s total area with it encompassing more than 9,500 sq km, whi

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Dubai high-end properties under tremendous pressure

The top end of the real estate residential market in Dubai, UAE, remains under pressure as buyers shift focus to the affordable sector, said a report. Affordable apartment units at IMPZ, Discovery Gardens and Dubai Silicon Oasis s

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