Monday 30 March 2015
 
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Oil falls more than $1 as Mideast supply fears ease

Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen. Goldman Sachs said the bombing of Yemen would have little effe

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Khaleeji Commercial in discount deal with Gulf Air

Khaleeji Commercial Bank (KHCB), an Islamic retail bank, has signed a memorandum of understanding (MoU) with Gulf Air giving the bank's credit card holders discounts when purchasing tickets at gulfair.com. The bank's card

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Khaleeji Commercial in discount deal with Gulf Air

Khaleeji Commercial Bank (KHCB), an Islamic retail bank, has signed a memorandum of understanding (MoU) with Gulf Air giving the bank's credit card holders discounts when purchasing tickets at gulfair.com. The bank's card

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Air Seychelles posts $3.2m net profit

Air Seychelles has posted its third consecutive year of profit with net profit amounting to $3.2 million last year, exceeding the previous year profit of $3 million. The results reflected continued improvement in the airline&rsquo

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Oman Air, Cargolux sign freight services deal

Oman Air has signed a letter of intent with Cargolux Airlines International to enable the freight specialist to use Oman Air’s facilities in Muscat, Salalah and Sohar. The agreement includes the launch, on April 15, of Cargo

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Jordan's air force resumes raids against Islamic State

Jordanian air force jets bombed the hideouts of Islamic State militants in Syria, state television said, resuming the intensified raids that it first launched last week in retaliation for the killing of a pilot. King Abdullah has

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Payout delay agony for Bahrain Air staff

Today (February 12) marks the second anniversary of Bahrain Air going into liquidation, leaving hundreds of employees without a job and thousands of customers out of pocket. Millions of dinars are still owed by the former airline,

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UAE 'pulls out' of anti-Islamic State airstrike coalition

The United Arab Emirates has withdrawn from flying air strikes in the US-led international coalition campaign against Islamic State fighters, who are occupying parts of Iraq and Syria, US officials said. The officials, who spoke o

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Silverstream completes trial of air lubrication technology

Silverstream Technologies and Shell has successfully completed the sea trial of Silverstream Technologies’ new air lubrication technology for ships. The Silverstream System sea trials, independently verified by Lloyd’s

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Al Arab News Channel yet to resume broadcasts

Al Arab News Channel was still off air yesterday (February 3) after it was suspended on Monday. The 24-hour pan-Arab channel, based in Bahrain, continued to air promotional footage, but no live news broadcasts, said a report in th

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