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Saudi oil exports jump to 7.45m bpd in FebSaudi 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 More… |
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ME airlines see top passenger demand in FebMiddle 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 More… |
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Abu Dhabi hotels see solid growth in FebAbu 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 More… |
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DGCX sees record monthly volume in FebThe 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 More… |
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Audi ME posts record Feb salesAudi Middle East has posted its best-ever February results with 701 units sold, marking an increase of 17 per cent compared to the same period last year. Notable best sellers were the Audi A8 L and Audi A6 models with cumulative 2012 sales More… |
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Daman fund posts NAV rise in FebThe Daman Islamic Fund, a Shari’ah principle-based, UAE-registered open-ended mutual fund, has posted an increase of 0.42 per cent increase in net asset value (NAV) during February. The fund, a unit of Daman Investments, the leading Dubai- More… |
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Bahrain Feb inflation hits 4-month highBahrain's inflation climbed to a four-month high of 1.6 per cent on an annual basis in February as consumer prices jumped from the previous month fuelled by soaring food and transport costs, data from the Central Informatics Organisation showe More… |
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Opec crude output jumps to 29.8m bpd in FebOpec’s crude oil production output jumped to an average 29.8 million barrels per day (bpd) in February, as Saudi Arabia continued to boost production, said a report. This is up 230,000 bpd from an estimated 29.57 million bpd in January, ac More… |
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Kia posts 18.5pc global sales growth in FebSouth Korean automaker Kia Motors Corporation recorded a year-on-year increase in global sales of 18.5 per cent for February. The company sold a total of 169,727 units, including passenger cars (export sales, domestic sales and sales from More… |
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Turkey inflation at 41-year low in FebTurkey's consumer inflation fell to a 41-year low in February but rising producer prices fanned anxiety the central bank may fall behind the curve if it fails to ditch its new policy mix as oil prices increase. Consumer prices rose 0.73 pe More… |
