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June

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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Kuwait real estate sales top $1.1bn in June

Real estate sales in the month of June in Kuwait increased by 27 per cent year-on-year, to reach KD339 million ($1.18 billion), a report said. The solid growth in sales was across the three major segments of the market, added the

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Commercial Bank posts $281m net profit in H1

Commercial Bank of Qatar has delivered a net profit of QR1.024 billion ($281 million) for the first half-year ended June 30, up 1 per cent against the same period in 2012. Net profit for the second quarter was up by 2.5 per cent t

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Ford sales up 20pc in Middle East

Ford Middle East posted nearly 20 per cent higher sales for the first half of 2013 versus the same period last year, while the company registered the best June sales on record with a 36 per cent growth over June 2012. The positive

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India cuts Iranian oil imports by half

India's imports of crude oil from Iran more than halved in June from a year ago, as refiner Essar Oil became the only remaining Indian client of the sanctions-hit country, tanker data obtained by Reuters showed. India's im

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Jazeera Airways leads Kuwait-Amman route

Kuwait-based Jazeera Airways was the leading airline for the third month in-a-row to serve the Kuwait-Amman route in June, of which it grabbed a 45 per cent market share, it said in a report. The airline also saw a 22 per cent inc

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Bahrain records fourth hottest June

Last month was the fourth hottest June on record, said meteorologists, adding that the average daily temperature was 34.7C, more than 2C above the normal. "This goes on record as the fourth highest mean monthly temperature for June and is

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Iran oil exports fall further; sanctions bite

Iranian oil exports are falling further in June as more customers in Europe and Asia stop or scale back purchases ahead of European Union sanctions aimed at slowing Tehran's nuclear programme. Crude exports from Iran this month have dr

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Gold posts worst closing since June

Gold fell further on Monday but could attract bargain hunters after posting its worst closing since June in the previous session as the dollar rallied against the euro on growing doubts about Europe's ability to resolve its debt crisis. Sp

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