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November

Etihad Cargo posts record Nov revenue

Etihad Cargo, a division of UAE flag carrier Etihad Airways, has posted record monthly revenues for November of $65.8 million, up from $54.3 million registered for the same period last year, marking an increase of 21.2 per cent. T

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Dubai consumer prices steady in Nov

Housing and utility costs, which account for almost 44 percent of consumer expenses, fell 6.7 percent year-on-year and rose 0.1 percent month-on-month in November, according to figures released by Dubai Statistics Center. Food prices we

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Suez Canal Nov revenue dips 8pc

Revenue from Egypt's Suez Canal fell 8 percent to $407.7 million in November compared to the previous month, the canal's official website said on Sunday. Revenue in October was $443.1 million. In November 2011 it was $435.

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Egypt forex reserves fall $448m in Nov

Egypt's net foreign currency reserves fell by $448 million to $15.04 billion during November, figures on the central bank website showed. The reserves stood at $15.48 billion at the end of October, and at $20.15 billion at the

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Dubai plans glitzy events during year-end

Dubai, ranked among the top 10 tourism destinations by Euromonitor International, will host some of the world’s most spectacular events featuring top celebrities this November and December. International pop star Jennifer Lopez, w

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Air travel slows in Nov, freight inches up

International air passenger traffic fell by 1.5 per cent in November compared with October, although it remained 4.0 per cent up on November 2010, the International Air Transport Association (Iata) said on Friday. In its monthly report on

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Bahrain crude oil output hits record

Bahrain’s production of crude oil during November averaged 271,300 barrels per day as against a capacity of 262,000 barrels, marking the highest production ever for the month, said a senior government official. 'This was the best-ever

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Qatar Nov inflation falls on transport costs

Qatar's annual inflation rate eased to 2.1 per cent in November from 2.5 per cent in October, partly because of a drop in transport and communications costs, the country's statistics authority said on Tuesday. Consumer prices rose

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GM Mideast posts 18pc rise in Jan-Nov sales

General Motors’ dealers in the Middle East reported sales of 10,741 vehicles in November, marking an increase of 18 per cent in total sales for the first 11 months of the year compared to the same period in 2010. Retail sales in November i

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World food prices ease in November

World food prices dipped month-on-month in November, with a fall in sugar offsetting a recovery of vegetable oils, the United Nations' food agency said on Thursday, ahead of an expected European Central Bank interest rate decision. The

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