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June

Air cargo freight volumes grow 7pc in Mideast

Middle East carriers continue to expand strongly with air cargo growth of seven per cent in June, up 10 per cent for the year-to-date, according to an International Air Transport Association (Iata) report. The airlines in the regi

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Mideast hotel occupancy reaches 64pc in H1

The Middle East and Africa region has reported a one per cent increase in hotel room occupancy to 64.6 per cent in the first half of the year, according to an STR Global report.  

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Dubai hotel occupancy levels drop

Dubai hotels experienced positive revenue-per-available-room performance during June despite a 5.5 per cent decline in occupancy, a report said. There was an 8.6 per cent increase in supply and demand grew 2.6 per cent during the

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June 'hotter than normal' in Bahrain

June was hotter than normal in Bahrain with an average temperature of 34.3C, according to the meteorology department.   It was 1.9C above the long-term normal, making it the seventh highest average monthly temper

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Bahrain TRA to host ITU symposium

Bahrain’s Telecommunications Regulatory Authority has signed a deal to host the International Telecommunication Union’s (ITU) 14th Global Symposium for Regulators in June.   The signing took place at

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Virgin Mobile to launch Saudi service by June

Virgin Mobile Middle East & Africa (VMMEA) said it expected to launch telecommunications services in Saudi Arabia in the first half of 2014 after the industry regulator gave it a licence.   The Communication

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Kuwait real estate sales top $1.1bn in June

Real estate sales in the month of June in Kuwait increased by 27 per cent year-on-year, to reach KD339 million ($1.18 billion), a report said. The solid growth in sales was across the three major segments of the market, added the

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Commercial Bank posts $281m net profit in H1

Commercial Bank of Qatar has delivered a net profit of QR1.024 billion ($281 million) for the first half-year ended June 30, up 1 per cent against the same period in 2012. Net profit for the second quarter was up by 2.5 per cent t

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Ford sales up 20pc in Middle East

Ford Middle East posted nearly 20 per cent higher sales for the first half of 2013 versus the same period last year, while the company registered the best June sales on record with a 36 per cent growth over June 2012. The positive

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India cuts Iranian oil imports by half

India's imports of crude oil from Iran more than halved in June from a year ago, as refiner Essar Oil became the only remaining Indian client of the sanctions-hit country, tanker data obtained by Reuters showed. India's im

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