Friday 28 August 2015
 
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July

Saudi July foreign reserves fall 0.5 pct

Net foreign assets at Saudi Arabia's central bank fell 0.5 per cent from the previous month to SR2.480 trillion ($661 billion) in July, their lowest level since early 2013, central bank data showed on Thursday. The data showed the d

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Dubai property stable, Abu Dhabi gains in July

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

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July was hottest month ever

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

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US bombing of Islamic State rebels surged in July

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

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China's July steel output falls 4.6pc on year

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. Average

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July was second hottest on record in Bahrain

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

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China's factory activity shrinks most in two years

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.

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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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