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Air cargo sector sees higher growth in NovemberNovember showed an acceleration in year-over-year (YoY) volume growth in the air cargo sector for the fourth month in a row, according to WorldACD, a provider of unique information on air cargo markets. The usual air cargo peak se More… |
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Seas could rise higher than predicted, drenching coastal citiesGlobal seas could rise nearly twice as much as previous, widely accepted estimates, according to a study published on Thursday saying low-lying cities face possible disaster by the end of the century. Sea level More… |
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Bank ABC posts $19.7m net profit, up 31pcBank ABC Islamic has posted a net profit of $19.7 million for the last year, 31 per cent higher than last year’s net profit of $15.1 million. The net profit for the fourth quarter of last year was $3.6 mi More… |
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Oil prices set to end week higher on output freezeOil prices slid but are set for their first weekly increase this month as talk of a co-ordinated plan by producers to freeze output levels was tempered by a record build in US crude inventories. Brent futures w More… |
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Oil prices claw higher, weekly loss loomsOil prices jumped on Friday on prospects of a co-ordinated production cut sparked by comments from the energy minister of Opec member United Arab Emirates. Still, analysts said such a move remained unlikely and More… |
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Focus on technology to shape future of higher educationHigher education leaders and decision makers from 50 countries across the region and worldwide will assemble in Abu Dhabi for a summit which could have a major effect on the way universities use technology to help prepare students for the work More… |
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Restaurants revise menus to reflect higher pricesMenus at restaurants across Bahrain are being rewritten as owners try to account for the higher cost of meat. Some have even stopped selling lamb, mutton and beef dishes altogether, following government subsidy cuts at the start of the month, More… |
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Youth unemployment 'highest in Mideast’Youth unemployment in the Middle East is higher than anywhere else in the world, according to a leading expert. Microsoft Gulf regional general manager Samer Abu Lteif said majority of the world's 75 million unemployed young p More… |
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Gold on course for biggest weekly fall since NovGold was on course for its biggest weekly fall in two months despite edging higher on Friday, a day after a two per cent slide on expectations for a US interest rate rise. Investors took some profits on Thursday on concern that st More… |
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Gold holds above $1,200, bearish sentiment prevailsGold held above $1,200 an ounce on Tuesday, retaining most of its sharp overnight gains following a bout of profit-taking in the dollar, but optimism over the US economy and possibility of higher rates kept investors wary. Spot go More… |
