Sunday 24 May 2015
 
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July

Adnoc seeks 240,000 tonnes gasoline for delivery in July

Abu Dhabi National Oil Co (Adnoc) is seeking 240,000 tonnes of gasoline for delivery in July, adding to an earlier tender seeking cargoes for June, a tender document showed on Friday. This is expected to further boost Asian gasoli

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Afren snags $255m in debt funding, swings to full-year loss

Beleaguered oil producer Afren said it had secured $255 million from its bondholders and was in talks for a wider recapitalisation plan to be completed by the end of July. Afren took nearly $2 billion in impairment charges and wri

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Third hottest July recorded this year

Last month was Bahrain’s third hottest July since records began, with an average temperature of 35.7C. Only 2012 and 2010 had hotter Julys, with an average temperature of 36C and 35.8C respectively, said a report in the Gulf

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Abu Dhabi hotels see record check-ins

More guests have checked into Abu Dhabi’s 146 hotels and hotel apartments in the first seven months of this year compared to any other comparative period, according to figures released by Abu Dhabi Tourism and Culture Authority (TCA Abu Dh

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Etihad Cargo tonnage up 37pc in July

Etihad Cargo, a part of UAE flag carrier Etihad Airways, has posted a tonnage of 45,000 tonnes in July, a 37 per cent increase on the same month in 2012. The figures were driven largely by increases in key export markets such as I

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Cadillac July sales rise 29pc in Mideast

Sales of Cadillac, General Motors’ luxury brand, rose 29 per cent in the Middle East year-on-year in July, as dealers recorded their best ever sales for the ATS and their best July sales month for the SRX. Cadillac sales in

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DGCX trading volume up 55pc in July

Dubai Gold and Commodities Exchange (DGCX) has recorded trading volume growth of 55 per cent in July, over the same period last year.   DGCX’s currency segment continued to contribute a significant share of volumes, reco

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July deadliest month for Iraq since 2008

More than 1,000 Iraqis were killed in sectarian violence in July, the highest monthly death toll since 2008, the UN said on Thursday, as Sunni Islamist groups stepped up their insurgency against Iraq's Shi'ite-led government.

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Gold adds to strong monthly gains

Gold gained on Wednesday as the metal's strong performance in July prompted some month-end buying from funds, as traders awaited further clarity from the US Federal Reserve on the timing of any pull-back in stimulus measures.  &n

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ME airlines top global traffic growth for July

Middle 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

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