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UAE hospitality market reports weak performanceThe UAE’s hospitality market remained subdued in 2016 on the back of weaker macroeconomic conditions, further strengthening of the USD, and a strong supply pipeline, said an industry expert. According to leading real estate More… |
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Oil prices hit fresh 2016 highs on weak dollarOil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the US, although a looming rise in Middle East output capped gains. Brent crude futures were trading at $48.30 a barrel at 0644 GMT, u More… |
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Oil prices rise with riskier assets on weak dollarOil futures edged up on Wednesday to near $40 per barrel as a weaker dollar spurred interest in riskier assets and the International Energy Agency said expectations for a deluge of oil from Iran were misplaced. More… |
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Mena hospitality markets report weak 2015 performanceHospitality markets across Mena witnessed a less than ideal performance in 2015 compared to 2014. While occupancy rates increased across some markets, revenue per available room (RevPAR) across most markets was lower compared to 2014, said a rep More… |
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Oil falls on China data, fading prospect of Opec actionOil fell on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an Opec source played down talk of an emergency meeting to stem the decline. China's manuf More… |
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Asia stocks rise, dollar struggles near multi-week lowsAsian shares rose to two-month highs on Thursday and the dollar struggled near multi-week lows after weak US economic data added to expectations that the Federal Reserve will delay hiking interest rates. MSCI&# More… |
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Oil edges up on US GDP data, long-term outlook weakOil prices edged up on Friday boosted by stronger than expected US economic data though the longer-term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia. More… |
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Gold hits near 4-month highGold rose to a near four-month high on Monday, adding to last week's gains, as the dollar weakened and investors remained anxious about the pace of the US economic recovery and China's growth. Weak US manufacturing data on More… |
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Gold firms after 2-day loss, weak data hurts stocksGold edged higher on Thursday, snapping two sessions of losses that pulled it back from 3-1/2 month highs, as a retreat in stock markets after weak French and Chinese data boosted its appeal as an alternative asset. The metal has More… |
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Mideast carriers see freight volumes up 12.7pcMiddle Eastern airlines saw a continued robust expansion of demand in June with freight volumes growing by 12.7 per cent year-on-year, said a report released by the International Air Transport Association (Iata). The consistent hi More… |
