Friday 28 July 2017
 
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ME carriers see slowdown in air travel demand

Middle East carriers registered the slowest year-over-year traffic growth in May, recording a 3.7 per cent rise in demand compared to a year ago - close to an eight-year low. Accordiing to figures released by the International Air

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Miami hotel bookings slow, airfares fall since Zika outbreak

Travellers have booked fewer hotel rooms in downtown Miami, and leisure airfares to the greater Miami area have inched down in the weeks since the Zika virus was detected there, data reviewed by Reuters shows. Hotels sold 2.9 per

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Airlines exit Nigeria as economy hit by dollar shortage

International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to move revenue out of the country because the oil-price slump has depleted the West African nation’

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Saudi Khurais oilfield expansion 'slower than expected'

Saudi Arabia is moving ahead with the expansion of its giant Khurais oilfield but the project would move slower than originally planned because of budgetary reasons, industry sources said.   Since global oil pric

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Real estate sales remain slow, but prices are holding up

The total real estate sales in Kuwait reached KD2.1 billion ($6.9 billion) for the first eight months of the year, down 23 per cent from the same period last year, according to a report.   The sales continued to

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Saudi foreign reserves fall slows after bond sale

The speed of decline in Saudi Arabia's foreign reserves slowed in July after the government began issuing domestic debt to cover part of a budget deficit created by low oil prices, central bank data showed on Thursday.  

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Bahrain inflation slows to 1.1pc in July

Bahrain’s inflation slowed last month to 1.1 per cent as food prices fell, data from the Central Informatics Organisation showed. The housing and utility costs, which account for 24 per cent of consumer expenses, rose 2.3 per cent from a

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Yemen struggles with food shortages as shipments stay slow

A trickle of aid, medicine and commercial food cargoes is reaching Yemen yet the process remains slow as more ships await clearance to discharge at ports and logistical chains buckle due to fuel shortages and war. Before Saudi Ara

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Dubai residential sector 'shows signs of slowdown'

The rise of Dubai's red-hot residential real estate market is slowing as government steps to curb speculative buying have an impact and higher prices start to affect demand, consultants JLL said in a report on Sunday. Second

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Egypt core inflation slows to 8.86pc in May

Egypt's annual core inflation rate, which strips out subsidised goods and volatile items including fruit and vegetables, slowed to 8.86 per cent in May from 9.11 per cent in April, the central bank said on Tuesday.  

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