The UAE’s hospitality market remained subdued in 2016 on the back of weaker macroeconomic conditions, further strengthening of the USD, and a strong supply pipeline, said an industry expert.
According to leading real estate
Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the US, although a looming rise in Middle East output capped gains.
Brent crude futures were trading at $48.30 a barrel at 0644 GMT, u
Oil futures edged up on Wednesday to near $40 per barrel as a weaker dollar spurred interest in riskier assets and the International Energy Agency said expectations for a deluge of oil from Iran were misplaced.
Hospitality markets across Mena witnessed a less than ideal performance in 2015 compared to 2014. While occupancy rates increased across some markets, revenue per available room (RevPAR) across most markets was lower compared to 2014, said a rep
Oil fell on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an Opec source played down talk of an emergency meeting to stem the decline.
Asian shares rose to two-month highs on Thursday and the dollar struggled near multi-week lows after weak US economic data added to expectations that the Federal Reserve will delay hiking interest rates.
Oil prices edged up on Friday boosted by stronger than expected US economic data though the longer-term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.
Gold rose to a near four-month high on Monday, adding to last week's gains, as the dollar weakened and investors remained anxious about the pace of the US economic recovery and China's growth.
Weak US manufacturing data on
Gold edged higher on Thursday, snapping two sessions of losses that pulled it back from 3-1/2 month highs, as a retreat in stock markets after weak French and Chinese data boosted its appeal as an alternative asset.
The metal has
Middle Eastern airlines saw a continued robust expansion of demand in June with freight volumes growing by 12.7 per cent year-on-year, said a report released by the International Air Transport Association (Iata).
The consistent hi