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August

Mideast airlines top global passenger demand in Aug

Middle East carriers had the strongest year-over-year traffic growth at 15.1 per cent in August, a trend which will continue with solid progress in non-oil producing sectors in countries such as Saudi Arabia and the UAE, a report said.

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Kuwait property sales in Aug hit 5-year high

Real estate sales in August rose by a strong 86 per cent year-on-year (y/y) to KD223 million ($786 million), marking the highest increase in five years, a report said. However, compared to July, August sales were down 48 per cent,

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India August inflation likely at 6-month high

Indian inflation likely edged up to a sixth-month high in August, driven by higher food prices and as the battered rupee made key imports such as fuel costlier, a Reuters poll found. Wholesale prices, India's key inflation mea

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Volkswagen UAE sees record Aug sales

Al Nabooda Automobiles, the exclusive dealer for Volkswagen in Dubai and the Northern Emirates, has revealed that sales for the brand achieved record-topping results for August. The Tiguan delivered the best performance with a yea

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DGCX volumes cross 10m mark

Dubai Gold and Commodities Exchange (DGCX) said its year-to-date volumes surpassed the 10 million mark for the first time last month. The milestone was achieved in 164 trading days, while the total volumes stood at 10.37 million c

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Dubai fitness contest launched

Dubai Fitness Championship, an initiative to raise awareness on the importance of exercising, health and promoting fitness across the UAE, is set to start on August 18. The initiative has been launched by Sheikh Majid bin Mohammed

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Air Arabia passenger numbers up 22pc

Air Arabia, a leading low-cost carrier in Mena, welcomed 379,092 passengers in August, an increase of over 22 per cent compared to the corresponding month in 2011. The airline also reported that the average seat load factor - passengers

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Egypt balance of payments gap widens to $11bn

Egypt's balance of payments deficit widened to $11.3 billion in the financial year to June from $9.8 billion in the previous year, preliminary figures from the central bank showed on Monday. The country saw an exodus of foreig

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Gulf oil output surges in August

Oil output by the big three Gulf producers saw a net increase of around 400,000 barrels per day (bpd) in August from July as a sharp rise in Kuwaiti output outweighed cuts by Saudi Arabia and the UAE, sources said. Saudi Arabia an

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Hottest Aug for Bahrain in 100 years

Last month was Bahrain's second hottest August on record, weathermen said, adding that the mean temperature for the month was 35.9C, which was 1.9C above average and the second hottest recorded since 1902. However, it was the least

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