Tuesday 26 July 2016
 
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May

May announces big cabinet shake-up, readies for Brexit talks

New Prime Minister Theresa May showed a ruthless streak on Thursday in building a cabinet to lead Britain's exit from the European Union, while her finance minister said he would do whatever was necessary to restore confidence in the economy

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Kuwait inflation down to 2.8pc in May

Kuwait’s inflation in consumer prices eased to 2.8 per cent year-on-year (y/y) in May, mainly due to softer food inflation, a report said. Core inflation (which excludes food prices) came in marginally higher at 3.0 per cent

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May, Leadsom in all-women British PM race

Interior minister Theresa May and eurosceptic rival Andrea Leadsom emerged on Thursday as the two candidates who will battle to become Britain's next prime minister and lead the country out of the European Union. May won 199 v

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May, Leadsom in all-women British PM race

Interior minister Theresa May and eurosceptic rival Andrea Leadsom emerged on Thursday as the two candidates who will battle to become Britain's next prime minister and lead the country out of the European Union. May won 199 v

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Jordan airport passenger numbers up 11pc in May

Jordan's Queen Alia International Airport (QAIA) witnessed a notable 11.6 per cent year-on-year rise in passenger traffic in May compared to the same period in 2015. According to figures issued by Airport International Group (

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Dubai passenger traffic surges 7.2pc in May

Passenger numbers at Dubai International Airport (DXB) continued an upward trend in May with the airport welcoming 6.7 million passengers, thus registering a 7.2 per cent growth over the same period in 2015. According to the monthly tra

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Abu Dhabi May passenger numbers up 5.6pc

Abu Dhabi Airports saw close to 2 million passengers pass through its facility in May, up 5.6 per cent compared to the same month in 2015. A total of 1,982,010 people travelled through AUH last month, surpassing the May 2015 figur

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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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