Middle East carriers saw year-on-year demand growth fall from to 5.6 percent in March but it was still ahead of the global average, the International Air Transport Association (IATA) said on Tuesday.
Compared to February, demand was up by 0.1 percent while ...
Washington/London - Manufacturing growth softened in the US and China but firmed in Europe and India, according to reports highlighting the fractured nature of the global economic recovery.The world ...
LONDON - Gold prices slipped from record highs on Monday and silver posted its biggest one-day loss since December 2008 after news that al-Qaeda leader Osama bin Laden was killed in a U.S.-led operation in Pakistan.
Spot gold fell to nearly $1,540 an ounce after earlier hitting ...
Dubai - The Middle East region is facing a decline in international tourist arrivals in the wake of snowballing political turmoil, but the region ...
Damascus - Minister of Economy and Trade Mohammed Nidal al-Shaar said the next week will witness very important economic decisions concerning the economic process in Syria.
In an interview with Addounia Satellite Channel on Sunday, al-Shaar added that the government is currently working to re- ...
TOKYO - Bank of Japan(BoJ), Governor Masaaki Shirakawa said on Saturday that the country ...
Beijing - Surging inflation that helped trigger protests in Shanghai is prompting China's leaders to turn to a tool they long resisted: Speeding up the rise of the country's tightly controlled currency.
China ...
NEW YORK - The U.S. dollar hit a three-year low against a basket of major currencies on Friday, with month end capital flows likely to see further selling of the greenback as the Federal Reserve keeps short term interest rates near zero.
By contrast European Central Bank ...
Brussels - Euro zone inflation rose further above the European Central Bank's target in April, increasing the chances of an interest rate rise in June, despite a weakening of economic sentiment and household demand.
Inflation in the 17 countries using the euro rose to 2.8 ...
Zurich - Swiss engineering group ABB expects high oil prices and the Japanese earthquake to spur demand for energy-efficient equipment, helping it take in more orders than anticipated in the first quarter ...
Dubai - Economic growth for most Middle Eastern and North African oil exporters is likely to accelerate this year, although some may see a sharp slowdown due to social unrest, the International Monetary Fund said ...
Damascus -The Ministry of Electricity announced the mechanism to resume feeding agricultural wells with electric power based on five specified priorities for applicants according to the voltage and the source of supply ...
HANGZHOU - China's consumer price index (CPI), the main gauge of inflation, will rise between 4.9 and 5.1 percent year on year in the second quarter of 2011, an official with the National Development and Reform Commission (NDRC) said Sunday
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BEIJING - China demonstrated a tough stance against intellectual property theft Friday, destroying 26 million pirated CDs, books and DVDs, authorities said.
In honor of the upcoming World Intellectual Property Day ...
Japan's Consulate General in New York lodged a protest with New York Times Co. on Thursday for publishing a cartoon in which Snow White, carrying a newspaper with the headline "Japan nuclear radiation ...
Luxembourg - The global energy sector will have to kick into high gear to meet soaring demand, the IEA said as it warned of the end of cheap energy ...
