Abu Dhabi / WAM The hotel establishments room revenue index increased by 13.3% in October as compared with same month last year, while the same index increased by 46.0% against September, according to data released by Statistics Centre – Abu Dhabi (SCAD) on Wednesday. The hotel establishments price index increased by 22.8% in October compared with September. The hotel room ...

FUJAIRAH / WAM Refined oil product stocks at the Middle Eastern hub of Fujairah rose 2.5 percent in the week to December 9 on the back of increased gasoline and other light distillate stockpiles, according to data released on Wednesday by the Fujairah Oil Industry Zone, FOIZ. Total inventories rose to 21.337 million barrels during the last week, bringing the ...

Bloomberg Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. The stock jumped the daily 10% limit to 35.20 riyals when trading began at 10:30 am in Riyadh as Aramco board members, Saudi officials and ...