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Abu Dhabi hotels post highest ADR rates in two years in FebHotels in Abu Dhabi saw average daily rates reach its highest in two years this February, according to new figures. STR’s preliminary February data showed that Abu Dhabi's hospitality sector recorded a 17.9 per cent incr More… |
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Dubai hotel room inventory to cross 76,000Dubai’s hotel room inventory is expected to hit 76,500 by the end of the year, up 14 per cent from 2015, with 9,300 keys across 31 new hotels estimated to be in the pipeline, a new report has revealed. According to a market More… |
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Asia stocks, oil jump as dollar sags after FedAsian shares edged higher, oil touched a 2016 high and the US dollar weakened as investors turned more positive on riskier assets after the Federal Reserve's cautious stance on further interest rate increases. More… |
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Facebook shares jump 15.5pc after strong resultsFacebook shares surged 15.5 per cent, their biggest percentage increase since July 2013, after the social networking service posted quarterly results that blew away expectations on every key measure. Facebook s More… |
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Russia passes Saudi as top China oil supplier for 3rd month in 2015Russia overtook Saudi Arabia as China's largest crude oil supplier for the third time this year in November, customs data showed on Monday, as Russia captures fresh demand from new Chinese crude buyers. The More… |
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Oil turns higher, rallies to 2015 high on Yemen conflictCrude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Had More… |
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Oil jumps as Saudi king's death feeds uncertaintyOil prices jumped in Asian trading today (January 23) as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Abdullah died early on Fri More… |
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British Airways owner IAG posts 30pc rise in profitInternational Airlines Group reported a 30 per cent jump in third-quarter profit and raised its forecast for the year, in contrast to the British Airways-owner's strike-hit rivals. IAG's operating profit before exceptional More… |
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Mideast carriers' passenger demand up 10pcThe Middle East carriers’ passenger demand jumped 10.8 per cent in June, the largest increase for any region, according to the International Air Transport Association's (Iata) June report. It reflects the continued stren More… |
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Mashreq Q2 net profit jumps 45pcMashreq, Dubai's third-biggest lender by assets, on Wednesday posted a 45 per cent jump in second-quarter net profit. The lender made a net profit of Dh585 million ($15 More… |
