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.
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
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
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