The global air freight market demand, measured in freight tonne kilometers (FTKs), rose 6.8 per cent in November 2016 compared to the year-earlier period, according to data released by the International Air Transport Association (Iata).
November showed an acceleration in year-over-year (YoY) volume growth in the air cargo sector for the fourth month in a row, according to WorldACD, a provider of unique information on air cargo markets.
The usual air cargo peak se
Saudi Arabian budget carrier Flynas has set a new record for November, carrying 550,000 passengers last month, up 67 per cent in comparison to the same month in 2015.
This increase in passenger numbers is the result of new destina
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Saudi Arabia's imports in November fell 14.4 percent compared with a year earlier, while non-oil exports declined 12.6 per cent, data from the Central Department of Statistics and Information showed.
Non-oil exports dropped to
South Korean exports fell for an 11th straight month in November, while foreign orders shrank at a sharper pace, pointing to a further deterioration in global demand and prompting some analysts to call for more interest rate cuts.
Opec's second-largest producer, Iraq, plans to export 2.819 million barrels per day (bpd) of Basra crude from its southern oil terminals in November, trade sources said, citing a preliminary loading programme.
Saudi Arabia is expected to cut the prices of crude it sells to Asia in November after the Dubai benchmark weakened last month, in a move that will help the Organization of the Petroleum Exporting Countries (Opec) kingpin retain its market sha