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June

Suez Canal revenue falls to $431m in June

Egypt's revenue from the Suez Canal fell to $431.6 million in June from $449.6 million in May, a government website said on Wednesday. The canal, the fastest shipping route between Europe and Asia, is one of Egypt's main s

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Egypt's annual core, urban inflation drops in June

Egypt's annual urban consumer inflation and core inflation dropped in June after rising last month, with analysts saying the fall reflected slower growth in food prices. Urban consumer inflation dropped to 11.4 per cent from 1

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LG unveils new G4 smartphone in UAE

LG Electronics has unveiled its LG G4 smartphone, which will be available from June in the UAE. The widely praised LG G4 - successor to the G3, aims at providing consumers with an evolutionary experience and to set new rules in de

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Saudi Aramco seeks 1.6m barrels gasoil for June

Saudi Aramco is seeking 1.6 million barrels of gasoil for delivery in June, after earlier seeking similar volumes for May, traders said.   Saudi Aramco Products Trading Company (ATC), a wholly-owned subsidiary of

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Air cargo freight volumes grow 7pc in Mideast

Middle East carriers continue to expand strongly with air cargo growth of seven per cent in June, up 10 per cent for the year-to-date, according to an International Air Transport Association (Iata) report. The airlines in the regi

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Mideast hotel occupancy reaches 64pc in H1

The Middle East and Africa region has reported a one per cent increase in hotel room occupancy to 64.6 per cent in the first half of the year, according to an STR Global report.  

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Dubai hotel occupancy levels drop

Dubai hotels experienced positive revenue-per-available-room performance during June despite a 5.5 per cent decline in occupancy, a report said. There was an 8.6 per cent increase in supply and demand grew 2.6 per cent during the

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June 'hotter than normal' in Bahrain

June was hotter than normal in Bahrain with an average temperature of 34.3C, according to the meteorology department.   It was 1.9C above the long-term normal, making it the seventh highest average monthly temper

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Bahrain TRA to host ITU symposium

Bahrain’s Telecommunications Regulatory Authority has signed a deal to host the International Telecommunication Union’s (ITU) 14th Global Symposium for Regulators in June.   The signing took place at

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Virgin Mobile to launch Saudi service by June

Virgin Mobile Middle East & Africa (VMMEA) said it expected to launch telecommunications services in Saudi Arabia in the first half of 2014 after the industry regulator gave it a licence.   The Communication

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