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February

DME trading volumes up 84pc

Dubai Mercantile Exchange (DME) has recorded daily average trading volumes of 10,764 lots in February, up 84 per cent compared to the same period last year. The volume, which is equivalent to nearly 10.7 million barrels of crude o

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Al-Futtaim Honda unveils special offers

Al-Futtaim Honda, the sole distributor of Honda vehicles in the UAE, has launched an offer on new Honda models this month. The ‘Green Light Offer’ on Honda’s sedan range includes a brand new Honda City for Dh828

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Saudi oil exports jump to 7.45m bpd in Feb

Saudi crude exports rose to over 7.45 million barrels per day (bpd) in February, a rise of 363,000 from January, official figures from the Joint Oil Data Initiative (JODI) showed. The world's largest oil exporter shipped aroun

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ME airlines see top passenger demand in Feb

Middle East carriers saw year-on-year passenger growth demand expand by 10.6 per cent in February--the strongest among all the regions, said a report released by the International Air Transport Association (Iata). Capacity expansi

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Abu Dhabi hotels see solid growth in Feb

Abu Dhabi’s 141 hotels and hotel apartments generated double digit growth in guest nights, revenue, occupancy and average-length-of-stay in February with guest arrivals nudging up 7 per cent on the same month last year. Figu

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DGCX sees record monthly volume in Feb

The Dubai Gold and Commodities Exchange (DGCX), the region’s first derivatives exchange, has posted a monthly record of 1,157,340 contracts, valued at $44.16 billion, in February. The month also saw the highest ever average

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Audi ME posts record Feb sales

Audi Middle East has posted its best-ever February results with 701 units sold, marking an increase of 17 per cent compared to the same period last year. Notable best sellers were the Audi A8 L and Audi A6 models with cumulative 2012 sales

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Daman fund posts NAV rise in Feb

The Daman Islamic Fund, a Shari’ah principle-based, UAE-registered open-ended mutual fund, has posted an increase of 0.42 per cent increase in net asset value (NAV) during February. The fund, a unit of Daman Investments, the leading Dubai-

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Bahrain Feb inflation hits 4-month high

Bahrain's inflation climbed to a four-month high of 1.6 per cent on an annual basis in February as consumer prices jumped from the previous month fuelled by soaring food and transport costs, data from the Central Informatics Organisation showe

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Opec crude output jumps to 29.8m bpd in Feb

Opec’s crude oil production output jumped to an average 29.8 million barrels per day (bpd) in February, as Saudi Arabia continued to boost production, said a report. This is up 230,000 bpd from an estimated 29.57 million bpd in January, ac

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