Friday 29 July 2016
 
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Mideast

ME hotel revenues down in May, Africa results mixed

The Middle East region's hotels reported negative results in key performance metrics in May, while Africa reported mixed results in the three key performance metrics of occupancy, average daily rate (ADR) and revenue per available room (RevP

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Mideast sovereign funds sell assets as low oil bites

Middle Eastern sovereign wealth funds liquidated or cancelled investments worth about seven per cent of their total assets last year, according to a study released on Monday by asset manager Invesco, in a sign of pressure from low oil prices.

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Mideast tourist arrivals to jump 5 per cent

International tourist arrivals to the Middle East is expected to grow between 2 and 5 per cent this year, the United Nations World Tourism Organisation (UNWTO) said in a report. "2016 projections remain positive with expected

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ME funds upbeat on bonds, lukewarm to stocks

Middle East fund managers have turned bullish towards fixed income and less positive on equities as they prepare for an economic slowdown in the Gulf this year, a monthly Reuters survey shows. The most recent survey of 14 leading

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ME funds positive on bonds, lukewarm on stocks

Middle East fund managers have turned bullish towards fixed income and less positive on equities as they prepare for an economic slowdown in the Gulf this year, a monthly Reuters survey shows. The most recent survey of 14 leading

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Mideast homeland security market set to reach $34bn

The Middle East’s homeland security market is set to grow from $17 billion to $34 billion by 2020, at three times the global growth average, according to a recent Frost & Sullivan report. The steady increase demonstrates

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Mideast smart airport market to hit $850m by 2019

The smart airport market in the Middle East region is expected to reach $850 million over the next three years, growing at a compound annual growth rate (CAGR) of more than four per cent, said a report. The growth in the region wi

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Dubai 'can help redesign Mideast airspace'

Dubai is prepared to help countries in the region with their air traffic navigation and redesign the airspace as part of its policy, a senior official has said. Speaking at the 2016 World Government Summit, Sheikh Ahmed bin Saeed

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Platts to add new Mideast crude grades to Dubai price marker in 2016

Oil pricing agency Platts is expected to announce by the end of this year which of two Middle East crude grades it will add to its Dubai benchmark in 2016 to boost the liquidity of its price assessment process, sources with knowledge of the ma

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Cosmo Oil eyes Mideast fuel supplies for Asia Pacific sales

Japanese refiner Cosmo Oil plans to expand its oil product trade volumes by sourcing fuels from the Middle East for sale in the Asia Pacific, company executives said.   Cosmo Oil will continue to focus on exporti

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