Friday 6 May 2016
 
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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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Dubai housing rents set to face pressure

The residential rents in Dubai, UAE, have stablised over the first three months, and are now likely to face pressure with a flood of new supply coming to the market in the months ahead, said a report. While the first quarter saw 2

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Asian imports of Iran crude fall 9.2 pc in March

Asian imports of Iranian crude fell 9.2 per cent in March from a year ago as India bought no oil from the sanctions-hit country for the first time in at least a decade under US pressure, offsetting a jump in purchases by Japan and South Korea.

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Rober to launch ‘zero pressure mattress’ in Mideast

UK-based Rober, a leader in the development and manufacture of pressure ulcer prevention and therapy product ranges, is set to launch its pioneering mattress, which replicates the body’s natural movements at Arab Health 2015 in Dubai, UAE.

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Rober to launch ‘zero pressure mattress’ in Mideast

UK-based Rober, a leader in the development and manufacture of pressure ulcer prevention and therapy product ranges, is set to launch its pioneering mattress, which replicates the body’s natural movements at Arab Health 2015 in Dubai, UAE.

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