Saturday 21 September 2019
 
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Global air cargo traffic will double in 20 years: Boeing

Air cargo operators will need more than 2,600 freighters over the next two decades to keep up with increasing global freight traffic, which is expected to double with 4.2 per cent growth annually, said a new report from Boeing. Th

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Aircraft market to cross $6 trillion in 20 years: Boeing

Boeing has raised its 20-year forecast for passenger and cargo aircraft deliveries to 42,730 jets, with the value at list prices hitting $6.3 trillion. The new figures show a 4.1 per cent increase over the previous forecast, which

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Aircraft market to cross $6 trillion in 20 years: Boeing

Boeing has raised its 20-year forecast for passenger and cargo aircraft deliveries to 42,730 jets, with the value at list prices hitting $6.3 trillion. The new figures show a 4.1 per cent increase over the previous forecast, which

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Hurghada, Muscat to witness tourism boom

Egypt's beach resort town Hurghada and Oman's capital city Muscat are expected to become tourist hot spots over the next few months with forecasted growths of 13 per cent and 8 per cent respectively in revenue per available room (RevPAR)

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Brent could reach $55 in 2020 says Barclays

Brent oil price is expected to reach $55 per barrel in 2020, according to a new report by Barclays Capital, which does not expect major supply gap in the market. However, oil prices will increase from 2021, the report said. "

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GM raises full-year forecast after strong second-quarter profit

General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalise on strong sales of pickup trucks and sport utility vehicles in the US. The earnin

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GM raises full-year forecast after strong second-quarter profit

General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalise on strong sales of pickup trucks and sport utility vehicles in the US. The earnin

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Planemakers shrug off economy worries as travel demand grows

Airbus and Boeing raised their long-term forecasts for new aircraft demand on Monday, betting that rising wealth in Asia would continue to boost air travel and offset any short-term hits to the global economy. The world's two

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Mideast tourist arrivals to jump 5 per cent

International tourist arrivals to the Middle East is expected to grow between 2 and 5 per cent this year, the United Nations World Tourism Organisation (UNWTO) said in a report. "2016 projections remain positive with expected

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World Bank revises 2016 oil price forecast to $41 per barrel

The World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook as an oversupply in markets is expected to recede. Amid improving market sentiment and

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