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April

Turkey tourist arrivals drop biggest in 17 years

The number of tourists visiting Turkey fell by 28.07 per cent in April from a year earlier, official data showed on Friday, marking the biggest drop in 17 years on tensions with Russia and security concerns after a spate of bombings.

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Dubai hotels occupancy, rates fall in April

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

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China April factory activity edges up, jobs down

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.

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Opec oil output near record high in April

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. Top exporte

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Egypt fails to secure April LNG shipments

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

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Mubadala GE to sell most assets to MidCap FinCo

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.   Mubadala

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Last month was sixth hottest April since 1902

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

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Iran's oil exports rise in April after framework nuclear accord

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.  

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Opec oil output in April highest since 2012

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. Th

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Toshiba to start industrial use image sensor production

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

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