Main headlines

July 27, 2014

He also pointed out an improvement by 3.8 percent in the business of travel agencies during the past six months compared to the same period last year.
22:45 GMT

Abboud noted that the airlines’ activity will remain this way until Sept. 10, expressing optimism for a great tourism season in August.

Another criticism of the THY board is that the company is forced to make large purchases that are difficult to afford in the long term.
05:40 GMT

The carrier currently flies to more country destinations than any other company in the world.

Amman has dropped 14 places from 89 to 103 in Mercer’s 2014 Cost of Living Survey, which shows the most expensive expatriate destinations in the world.
05:16 GMT

But expatriates and an analyst said they find Amman “a city that gets more and more expensive every year”.

US oil production has embarked on an unprecedented 50 percent rise over the past four years as new drilling techniques allowed oil to flow from vast shale reserves
04:54 GMT

If Exxon presses ahead, the investment would be a further indication that the American oil giant is breaking ranks with many of its big global rivals.

July 24, 2014

Dubai International saw a rise in passenger traffic despite a runaway refurbishment programme earlier this year (File/AFP)
14:27 GMT

Good news in time for Eid! Dubai International's passenger traffic has already topped expectations and is up by 6.2 percent in the first half of 2014.

Emirates NBD profits were helped by revenue growth in Retail Banking & Wealth Management, along with the Islamic banking subsidiary, Emirates Islamic (File/AFP)
13:55 GMT

The UAE's largest bank, Emirates NBD, reported a net profit growth of 30 percent for the first half of the year.

Majid Al Futtaim is one of the leading shopping mall, retail and leisure pioneers in the Middle East (File/AFP)
12:39 GMT

Major retailer Majid Al Futtaim reported a 14 percent increase in revenue for the first half of the year, compared to 2013.

KIPCO is Kuwait's largest privately owned investment company (Image: URC)
12:22 GMT

Kuwait's largest privately owned investment company said it was on track to meet the target of a double-digit rise in revenue this year.

The low-cost airline will launch direct flights to Mumbai starting October 28 (Image: flydubai)
12:07 GMT

Low-cost airline flydubai announced a direct route to India's Mumbai, starting in late October. The carrier will also increase its flights to Delhi to five weekly.

The increase in tourism resulted from Lebanon’s “renewed openness to Gulf countries and the new dynamic in the tourism sector that accompanied the security plan
10:56 GMT

The Tourism Ministry said Tuesday the number of Arab tourists increased by 90 percent in June, compared with the previous year.

ADPC’s commercial ports handled 6.4 million freight tonnes (FT) of general cargo in the first half of this year
08:31 GMT

General cargo moving through Abu Dhabi’s commercial ports increased by 37 per cent this year.

July 23, 2014

Dubai's airport handled 29.6 million passengers in the first five months of 2014 (File/AFP)
11:28 GMT

Dubai International Airport is expected to be the world's busiest airpot in 2014, beating London's Heathrow with a 9.2 percent rise in passengers.

Consumer confidence in UAE has dropped amid fears over rising rents
11:27 GMT

Many UAE consumers are spending less than they used to due to concerns about rising rents and living standards, findings of a new study suggest.

The Dubai Metro commuters will be able to avail its services for longer hours during the Eid Al Fitr holidays
10:57 GMT

Trains on the red line will begin at 5:30 am on Monday (July 28), Tuesday and Wednesday, and end at 1:00 am the next day. Green line trains will begin at 5:50 am, with other timings remaining the same.

The profit gains add to RAK Petroleum's fifth consecutive year of profitability (File/AFP)
10:48 GMT

Leading energy investment company, RAK Petroleum Public Company, posted $15.81 million net profit since December 2013, marking a fifth year of increased gains.