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
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
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
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.
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
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
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.
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.