Tuesday 24 January 2017
 
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Kuwait trade surplus edges higher on oil recovery

Kuwait’s trade surplus widened slightly for the second consecutive quarter in the third quarter of 2016, thanks to a continued recovery in oil prices, a report said. However, at KD1.4 billion ($4.58 billion), it still remain

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Kuwait trade surplus edges higher on oil recovery

Kuwait’s trade surplus widened slightly for the second consecutive quarter in the third quarter of 2016, thanks to a continued recovery in oil prices, a report said. However, at KD1.4 billion ($4.58 billion), it still remain

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Oman's budget carrier SalamAir launches bookings

SalamAir, Oman’s first budget airline, has launched ticket sales for flights between Salalah and Muscat and flights from Muscat to Dubai. Tickets are available through the user-friendly SalamAir.com website and a number of a

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Education, military spending take top spots in Saudi budget

Education and military expenditures take the top two spots in Saudi Arabia's 2017 budget, which estimates a spending of SR890 billion ($237.3 billion), an 8 percent increase from 2016.   Revenue is projected

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Saudi approves $237bn budget for 2017; deficit cut

Saudi Arabia's Cabinet, which met today under the chairmanship of King Salman bin Abdulaziz Al Saud, has approved a SR890 billion ($237.28 billion) budget for the next year. The budget envisages an 8 per cent increase in spend

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Muscat's new budget carrier to be assigned to existing airport terminal

The soon-to-be-launched budget carrier SalamAir will most likely be assigned to the existing terminal at Muscat International Airport once the new terminal complex comes into operation later in 2017, said a report. According to Ma

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India to merge rail and federal budgets

India will merge its railway budget with the annual federal budget from the next fiscal year, ending a nearly century-long practice and easing the way for the government to cut populist subsidies and push through structural reforms.

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Oman H1 budget deficit surges to $9bn

Oman's government posted a budget deficit of RO3.5 billion ($9.1 billion) in the first half of 2016 compared with a deficit of RO1.92 billion a year earlier, as low oil export prices slashed its revenues, provisional Finance Ministry

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Low-cost airlines bet on data to drive profit

Europe's low-cost airlines once mocked the air miles programmes run by flag carriers as expensive relics of a bygone era. But after watching wide-eyed as customer databases were valued at billions of dollars, they are scrambling to catch up.

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Low-cost airlines bet on data to drive profit

Europe's low-cost airlines once mocked the air miles programmes run by flag carriers as expensive relics of a bygone era. But after watching wide-eyed as customer databases were valued at billions of dollars, they are scrambling to catch up.

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