inventory

Vietnam sees property inventory down in 11 months

Hanoi - ArabToday

Total value of Vietnam's property inventory has reduced in the first 11 months of 2016, according to the Ministry of Construction (MoC) on Monday. As of Nov. 21, 2016, total value of the country's real estate inventory stood at 31.84 trillion Vietnamese dong (approximately 1.43 billion U.S. dollars), down 148 percent compared to the end of 2015, Vietnam's state-run newsRead more

China imports will keep US soybean market on its toes

Chicago - Arab Today

When it comes to assessing demand for US soybeans, never underestimate the Chinese. China's penchant for the oilseed has mushroomed in recent years, complementing growth in the country's livestock sector, particularly meat. As the world's largest soybean consumer, China will use over 40 percent more soybeans than the world will have in storage next year. The United States just beganRead more

US Crude Oil Inventories Rise by 2.1 Million Barrels

New York - QNA

The latest American Petroleum Institute (API) weekly inventory data recorded a build of 2.1 million barrels compared with expectations of a draw of around 1.0 million for the week and following the 1.3 million draw reported last week. A substantial draw in gasoline stocks should help limit the damage to prices from a surprise headline build in inventories. Cushing stocksRead more

Travelport renews long-term Emirates partnership

Dubai - Arab Today

Travelport, a major travel commerce platform, has announced the renewal of both its global full content and IT agreements with Emirates. The strengthened partnership will see Emirates offer Travelport connected agencies in 180 countries, serving hundreds of millions of travelers around the world, continued access to all of Emirates’ fares and inventory through the travel commerce platform. Furthermore, Travelport hasRead more

‘Crude glut has vanished’

Jeddah - Arab Today

Energy Minister Khalid Al-Falih said the supply glut that kindled a crippling oil rout around the world and thrashed Houston’s biggest business for two years has finally vanished. “We are out of it,” Al-Falih told Houston Chronicle in a media interview. “The oversupply has disappeared. We just have to carry the overhang of inventory for a while until the system works itRead more

Moody's: Chinese construction industry expects sluggish growth

Beijing - QNA

China's construction sector will remain lackluster with slowing revenue growth this year due to ongoing economic hardships, global rating agency Moody's predicted. "The industry will see low-single-digit revenue increase, similar to the 2 percent recorded in 2015 and down from 8.7 percent in 2014," said Lu Chenyi, a Moody's vice president and senior analyst, citing construction companies' large order backlogsRead more