Thursday 8 December 2016
 
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Online job postings drop 18pc in UAE

The Monster Employment Index (MEI), a monthly gauge of online job posting activity in the Middle East, has registered an 18 per percent decline in online job postings across the UAE compared to the same period last year. Despite t

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Oman reports drop in passenger numbers, air fares

Air fares as well as passenger numbers have dipped as much as 25 per cent in Oman this year, despite International Air Transport Association (Iata) figures showing global growth year-over-year, said a report. According to a report

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Oil prices drop as growing supplies stoke glut concerns

Oil prices fell more than 1 per cent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fuelled concerns that the global glut will persist. Benchmark Brent crude futur

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Oil prices drop on returning Libya, Nigeria supplies

Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut. Brent crude futures were trading at $46.20 per barrel at 0643 GMT, dow

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Shares crumble as oil falls, bond yields soar on stimulus doubts

Asian shares wallowed near six-week lows on Wednesday, bruised by a fall in oil prices on renewed worries about a supply glut and as investors grew nervous about the diminishing capacity of the world's major central banks to shore up economi

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Downturn for GCC hotels correlates with oil price: report

Hotels in the GCC have experienced a downturn in performance and overall profitability that correlates with a decline in oil prices, according to data and analysis from STR. Through the first half of 2016, the GCC hotel industry r

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Sony logs 42pc plunge in Q1 operating profit

Japan's Sony Corp on Friday said operating profit fell in its first quarter by 42 per cent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories.

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Flight bookings for Nice, France drop again after July attack

Demand for air travel to France and Nice, the country's second most popular destination after Paris, has dropped again after an attacker killed 84 people in the city on the French Riviera on July 14, according to travel data analysis company

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Turkish tourist arrivals plummet 40pc in June

The number of foreigners visiting Turkey plummeted more than 40 percent in June, official data showed on Thursday, marking the biggest drop in at least 22 years as tensions with Russia and a series of deadly bombings kept tourists away.

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Mideast hotel occupancy rates drop to 48.9pc

Hotels in the Middle East reported mixed results in key performance metrics this June, posting a 16.3 per cent decrease in occupancy to 48.9 per cent compared to June 2015, said a report. Average daily rate for the month was up 12

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