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Travel & Hospitality

FEATURED REPORT...
Posted: 27-11-2008
INTERNATIONAL. The International Air Transport Association (IATA) announced international air traffic for October showing a second consecutive month of global decline. International passenger traffic declined by 1.3% compared to the same month in the previous year, a smaller decline than the 2.9% drop experienced in September. The October load factor was 75%, approximately 2% below previous year levels. International air freight traffic contracted by 7.9% in October for a fifth consecutive month of increasingly severe drops. “The gloom continues and the situation of the industry rem
Posted: November 19, 2009
UAE. The latest survey by YouGov Siraj shows that long haul leisure trips are expected to make a comeback, after being drastically effected over the last year.
Posted: November 18, 2009
SAUDI ARABIA. Pratt & Whitney and Saudi Arabian Airlines signed an agreement expanding Pratt & Whitney's EcoPower engine wash service network in the Middle East and North Africa.
Posted: November 18, 2009
UAE. Maximus Air Cargo has announced that its Maximus Air Services UK office located at London Stansted Airport will incorporate an ADA and Royal Jet representative office.
Posted: November 18, 2009
UAE. Etihad Airways has signed an agreement with Kronos Incorporated, to automate and optimise planning and management processes for its 3,900 cabin and flight crew members.
Posted: November 18, 2009
UAE. The agreement will combine JetSet Elite's luxury travel offer with EAG's private jet charter business and the first exclusive packages will focus on major international sporting events such as the FIFA World Cup 2010.
Posted: November 18, 2009
UAE. A scattering of orders for new aircraft were announced on Tuesday the third day of the Dubai Airshow, which has been marked by little appetite for purchases in comparison with previous editions of the biennial event.
Posted: November 18, 2009
UAE. The onsite order book at Dubai Airshow 2009 has risen to US$10.5 billion after the UAE Armed Forces signed aircraft orders with Sweden's Saab and Switzerland's Pilatus.
Posted: November 18, 2009
UAE. Etihad Airways has unveiled details at the Dubai Air Show of a major investment programme to upgrade its expanding fleet, including a contract to install its luxurious new first class suites on board its wide-body aircraft.
Posted: November 17, 2009
BAHRAIN. Bahrain is poised to become a major hub for developing regional capability in the energy industry, according to Edutech.
Posted: November 17, 2009
UAE. Etihad Airways has announced an agreement with aviation IT specialist Lufthansa Systems which will see the airline use the industry-leading flight planning solution Lido/Flight.
Posted: November 17, 2009
UAE. Etihad Airways will highlight a US$750 million investment in its workforce, fleet, in-flight service and planning and resourcing systems at this week's Dubai Air Show.
Posted: November 17, 2009
TUNISIA. The airline, which also took options on two additional aircraft, is scheduled to begin taking delivery in June 2010.
Posted: November 17, 2009
UAE. The engine order is valued at approximately US$270 million US at list price and DAE is scheduled to begin taking delivery in early 2011.
Posted: November 17, 2009
INTERNATIONAL. The International Air Transport Association yesterday announced the signing of a Multilateral Statement of Policy Principles regarding the implementation of Bilateral Air Service Agreements by seven states and the European Commission.
Posted: November 17, 2009
UAE. IRS major capabilities include, overhaul, quality maintenance and repair services, airworthiness support and optimisation of the fleet operating costs.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.