Friday 1 July 2016
 
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Oman Air announces discounts for Omani students

National carrier Oman Air has rolled out a new promotion for Omani high school graduates offering them a 25 per cent discount on return flights to enable them to continue their studies overseas. The discounts will apply to all boo

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Hormann launches high-speed cold storage door

Hormann Middle East, a leading provider of doors and gates in the region, has introduced ISO Speed Cold, a high-speed door used in cold storage areas or to save energy in production and distribution areas. The ISO Speed Cold features st

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Hormann launches high-speed cold storage door

Hormann Middle East, a leading provider of doors and gates in the region, has introduced ISO Speed Cold, a high-speed door used in cold storage areas or to save energy in production and distribution areas. The ISO Speed Cold features st

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US new homes sales hit 8-year high

New US single-family home sales recorded their biggest gain in 24 years in April, touching a more than eight-year high as purchases increased broadly, a sign of growing confidence in the economy's prospects. Tuesday's repo

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Oil prices hit fresh 2016 highs on weak dollar

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

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Saudi Arabia to push oil output higher: sources

Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said. Production may

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Oil hits 2016 high above $43 on Doha talks hopes

Oil reached a 2016 high above $43 a barrel on Tuesday, supported by hopes that an upcoming meeting of oil producers will agree steps to tackle a supply glut, and by a weak US dollar and further signs of strong demand in China. Man

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Oil prices edge higher, but growing stocks loom

Oil futures rebounded from early losses but the recovery was muted as the market's focus switched back to signs of growing oil stocks.   Brent and WTI crude were on track for their strongest March since 2002,

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Oil prices edge higher in thin holiday trading

Oil prices climbed slightly in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.   Brent crude futures wer

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Oil turns higher, pushes world stock markets up

Global equity markets got a boost from an upturn in crude oil as the market focused on an upcoming meeting of major oil producers that investors hope could stabilise volatile petroleum markets.   US stock indexes

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