Tuesday 28 June 2016
 
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May

China May exports fall 4.1pc, more than forecast

China's May exports fell by a more-than-expected 4.1 per cent from a year earlier, while imports slipped by 0.4 per cent, much less than expected. That left the country with a trade surplus of $49.98 billion for the month, the

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Bahrain sees fourth hottest May

Last month was the fourth hottest May on record since 1902, reported the Gulf Daily News,our sister publication, adding that the average temperature was 32C, which is 2.2C above the long-term normal. To read further, please visit

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Dubai property sector hits plateau in May

The real estate sector in Dubai, UAE, had witnessed a clear trend of a plateau in residential prices during May, said a report by ValuStrat, a leading consulting firm based in Dubai. The company has been providing advisory, valuat

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Opec oil output in May reaches highest since 2012: Survey

The Organization of the Petroleum Exporting Countries (Opec) oil supply in May climbed further to its highest in more than two years as increasing Angolan exports and record or near-record output from Saudi Arabia and Iraq outweighed outages i

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Aramco in negotiation to buy 1.7m barrels of gasoil for May

Saudi Aramco is in negotiation to buy 1.7 million barrels of gasoil for delivery in May, its largest spot requirement in recent months, to meet a potential rise in domestic demand for the power generation fuel in summer, industry sources said.

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Saudi may raise crude OSPs for second month in May

Top oil exporter Saudi Arabia is expected to raise prices for most grades it exports to Asia for a second straight month in May as firm refining margins supported demand in the region.   The Opec producer last mo

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Bahraini woman completes ‘Ironman’ NZ contest

Gulf Aluminum Rolling Mill Company (Garmco), a Bahrain-based international aluminum rolling mill and downstream aluminum facility in the Middle East, sponsored May Al Haji in the ‘Ironman’ New Zealand competition held earlier this mo

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Oman’s first solar power plant to start operation in May

Oman’s first commercial renewable power project is set to go operational by May at Al Mazyunah in Dhofar, according to a report. The 303kW solar power plant, executed by US-based Astonfield and local firm Multitech, will be

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May 2nd hottest since records began in Bahrain

Last month was Bahrain's second hottest May since records began in 1902.   The highest temperature recorded last month was 45.1C on May 28, the Transportation Ministry's Meteorological Directorate said in

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Experts to discuss Islamic finance perspectives

International experts will give overviews of the global financial and regulatory developments from the perspective of Islamic finance will be the highlight of a summit to be held in Mauritius in May. The Islamic Financial Services

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