Dubai experienced a slow April this year when hotel occupancy levels, average-daily-rate (ADR) and revenue-per-available room (RevPAR) dipped in comparison to the same period in 2015, reports showed.
Despite increases in supply (o
Activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, an official survey showed, raising doubts about the sustainability of a recent pick-up in the world's second-largest economy.
Opec's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages.
Egypt's state-owned Egas has so far failed to fill a tender to buy two liquefied natural gas (LNG) shipments due in April, trade sources said.
Egas launched a tender last week, open only to some of its exis
Mubadala GE Capital, a joint venture between Abu Dhabi state fund Mubadala and General Electric's finance business, has agreed to sell most of its assets including those held through subsidiaries.
Last month was one of the top 10 hottest Aprils on record for Bahrain and the second driest.
The temperature was 1.8 degrees Celsius above the long-term average for April of 26.8C, according to the Transportation and Telecommunica
Iran's crude oil exports have risen in April following softer sales last month, helped by a framework nuclear agreement between Tehran and world powers and the possibility that Western sanctions could be lifted soon.
Opec oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share.
Toshiba Corporation's Semiconductor and Storage Products Company is set to start mass production of a new CMOS image sensor with a 1/3-inch optical format and full HD resolution at the end of April.
The new Toshiba, image, sen
Mubadala GE Capital is considering a return to the bond market as early as April as it seeks cash to fuel its lending business, sources aware of the matter said on Thursday, joining a growing number of Gulf-based borrowers looking at new fundrai