Iran's oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for market share but are about 70 percent higher than a year ago, according to a source with knowledge of the country's crude lift
International air travel between the Middle East and other markets experienced healthy growth in July compared to the same period last year, recent figures showed.
According to a report released by the International Air Transport Associ
Saudi Arabia's crude oil exports dipped by 89,000 barrels per day (bpd) in July, while volumes used by local refineries and the country's refined products shipments rose from a month earlier, official data showed on Sunday.
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.
The Dubai real estate market continued to stay steady in July with more affordable housing units entering, while Abu Dhabi saw both rental returns and prices returning to positive growth, a report said.
The market stabilisation an
Last month was the warmest ever on record worldwide as many countries and the world's oceans experienced heat waves, the US National Oceanic and Atmospheric Administration said in a report.
In its monthly global climate report
The US bombing campaign against Islamic State rebels surged in July as Kurdish fighters pushed into territory held by the militant group in Syria and Iraqi forces prepared an offensive to retake strategic northwestern cities, Pentagon figures
Chinese crude steel output fell 4.6 per cent to 65.84 million tonnes in July from a year ago, government data showed on Wednesday, as steel mills in the world's top producer faced tumbling prices and faltering demand.
Last month was the second hottest July ever experienced in Bahrain since records began in 1902. The average temperature for the month was 35.8C – 1.9 degrees above the long-term average and the same average Bahrain experienced in July 20
Headwinds for the world's second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices.