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ME airlines top global traffic growth for JulyMiddle East carriers experienced 11.2 per cent year-over-year growth in air travel during July, the highest among any region in the world, and air freight carriers recorded a 16 per cent increase in demand year-on-year while all other markets sa More… |
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Mercedes-Benz ME posts record salesMercedes-Benz Middle East & Levant has posted record breaking 10 consecutive months of double digit regional growth, with year to date (YTD) sales up 16 per cent on 2011. Regional distributors in Abu Dhabi, Bahrain, Kuwait and Qatar More… |
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Audi ME posts record July salesAudi Middle East has posted its strongest July sales figures ever with a total of 661 units sold, marking a 34 per cent increase over the same period in 2011. Audi overall sales in the region rose by 17 per cent in the first seven month More… |
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Dubai sees strongest July property salesDubai’s real estate industry achieved the highest number of unit sales and corresponding total unit value for any month of July on record according to data sourced from the Dubai Land Department. With 1,767 transactions, the indus More… |
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Bahrain sees hottest JulyLast month was the hottest July on record in Bahrain, with a mean temperature of 36 deg C, which was 2.1 deg C above average, said Civil Aviation Affairs Meteorological Directorate officials. It also broke the previous record of 35.8C, More… |
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Oman budget surplus widens to $1.2bn in Jan-JulyOman's budget surplus widened to RO442.3 million ($1.2 billion) in the first seven months of the year compared with January-June, data from the Gulf country's finance ministry showed on Sunday. Oman based its 2011 budget on a proje More… |
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Oman July inflation hits 27-month highInflation in Oman climbed to a 27-month high of 4.6 per cent on an annual basis in July and prices grew 0.5 per cent on the month mainly due to a rise in food prices, data from the country's finance ministry showed on Sunday. Analysts More… |
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Kuwait money supply hits 18-month highKuwait's M2 money supply growth accelerated to an 18-month high of 7.5 per cent year-on-year at the end of July from 4.7 per cent in the previous month, the Gulf country's central bank data showed on Monday. Bank lending growth slo More… |
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Air travel up 5.9pc in July; freight stagnatesGlobal air passenger travel in July was up 5.9 per cent over July 2010, while freight markets were stagnating with a 0.4 per cent demand decline over previous year levels, said a report from the International Air Transport Association (Iata). More… |
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Dubai passenger traffic up 9.7pc in JulyDubai International airport said it had handled a record total of 4.7 million passengers in July compared to 4.3 million in the same period last year, marking a year-on-year increase of 9.7 per cent. Year to date traffic reached 29.29 mill More… |
