International experts will give overviews of the global financial and regulatory developments from the perspective of Islamic finance will be the highlight of a summit to be held in Mauritius in May.
The Islamic Financial Services
Yemen's annual inflation climbed to a 15-month high of 14.2 per cent in May, mainly due to increases in food, tobacco and qat prices, while June foreign currency reserves fell to their lowest level since August 2012.
Middle East carriers had the strongest year-on-year traffic growth for any region at 11.7 per cent, said the International Air Transport Association’s (Iata) global passenger traffic results for May.
But with capacity up 12.
Middle Eastern carriers carried 9.7 per cent more cargo in May this year compared to the same period last year, while the growth in the global air cargo market continued to flatline, said a report.
The air cargo demand in the regi
Jazeera Airways, a Kuwait-based low-cost carrier, has reported a seven per cent increase in passengers flown during May, compared to the same month last year.
The increase was led by significant passenger pick-up on routes serving
Residential property prices in Dubai housing market increased 2.01 per cent in May, while those in Abu Dhabi rose 1.28 per cent, marking year-on-year increases of 16.1 per cent and 6.2 per cent, respectively, said a report.
China's crude oil imports from Iran rose nearly 50 percent in May from April on a daily basis, customs data showed on Friday.
China, Iran's top oil customer, bought 2.36 million tonnes of Iranian crude in May, equivalent t
Revenue from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, Egypt's State Information Portal said on Thursday.
In May 2012 it was $434.6 million, while in April 2013 it was $406.1 million.
More than 1,000 people were killed in violence in Iraq in May, making it the deadliest month since the sectarian slaughter of 2006-07, the United Nations reported on Saturday, raising fears of a return to civil war.
Deflation in Dubai eased to its lowest annual rate in four months in May, data showed, dipping to 1.2 per cent to extend the emirate's longest period of price declines since inflation hit a record 10.8 per cent in 2008.
Month on month pric