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February

Mideast carriers’ freight business grows 17.6pc

Middle Eastern carriers have continued to benefit from their strong geographic base, having expanded freight tonne kilometres (FTKs) by 17.6 per cent in February, according to a recent report. The International Air Transport Assoc

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US unemployment rate falls to 5.5pc in February

US employers stepped up hiring in February and the jobless rate fell to its lowest level since the spring before President Barack Obama took office, which could put pressure on the Federal Reserve to raise interest rates in June.

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February record as third hottest in Bahrain

Last month has gone on record as the third hottest February in Bahrain since 1902. The average temperature of the month was 19.8C, which is 1.9C above the long-term normal for February, said the Meteorological Directorate at the T

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Egypt buys up to 483,000 tonnes gasoil for February

Egyptian General Petroleum Corp (EGPC) bought up to 483,000 tonnes of gasoil for delivery in February, trade sources said.   Egypt's large monthly purchase is expected to support gasoil margins in Asia and th

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DME trading volumes up 84pc

Dubai Mercantile Exchange (DME) has recorded daily average trading volumes of 10,764 lots in February, up 84 per cent compared to the same period last year. The volume, which is equivalent to nearly 10.7 million barrels of crude o

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Al-Futtaim Honda unveils special offers

Al-Futtaim Honda, the sole distributor of Honda vehicles in the UAE, has launched an offer on new Honda models this month. The ‘Green Light Offer’ on Honda’s sedan range includes a brand new Honda City for Dh828

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Saudi oil exports jump to 7.45m bpd in Feb

Saudi crude exports rose to over 7.45 million barrels per day (bpd) in February, a rise of 363,000 from January, official figures from the Joint Oil Data Initiative (JODI) showed. The world's largest oil exporter shipped aroun

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ME airlines see top passenger demand in Feb

Middle East carriers saw year-on-year passenger growth demand expand by 10.6 per cent in February--the strongest among all the regions, said a report released by the International Air Transport Association (Iata). Capacity expansi

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Abu Dhabi hotels see solid growth in Feb

Abu Dhabi’s 141 hotels and hotel apartments generated double digit growth in guest nights, revenue, occupancy and average-length-of-stay in February with guest arrivals nudging up 7 per cent on the same month last year. Figu

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DGCX sees record monthly volume in Feb

The Dubai Gold and Commodities Exchange (DGCX), the region’s first derivatives exchange, has posted a monthly record of 1,157,340 contracts, valued at $44.16 billion, in February. The month also saw the highest ever average

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