Date archive forAugust, 2014
Asus, new smartphones ZenFone4, ZenFone5 and ZenFone6
By Staff writer On Sunday, August 31st, 2014
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ASUS Celebrates the Launch of the ZenFone in Lower Gulf

Asus, new smartphones ZenFone4, ZenFone5 and ZenFone6 Regional Director Leon Yu introduces the flagship Smartphone series and exclusive ASUS ZenUI Leon Yu, ASUS Regional Director announced the availability of the More...

Emaar Properties
By Staff writer On Sunday, August 31st, 2014
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Emaar Properties announces intention to list Emaar Malls Group

Emaar Properties Emaar Properties PJSC (“Emaar Properties”) today announced its intention to proceed with the sale of existing shares in Emaar Malls Group (“EMG” or the “Group”) via an initial public More...

Drydocks World classifies its marine fleet with Tasneef
By Staff writer On Sunday, August 31st, 2014
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Drydocks World classifies its marine fleet with Tasneef

Drydocks World classifies its marine fleet with Tasneef Emirates Classification Society (TASNEEF), the Abu Dhabi-based agency of classification of ships and offshore platforms, has signed a contract with Drydocks More...

Samoa’s first Wind Farm
By Staff writer On Sunday, August 31st, 2014
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Masdar delivers Samoa’s first Wind Farm

Samoa’s first Wind Farm The Samoan Prime Minister, the Honorable Tuilaepa Aiono Sailele Malielegaoi, today inaugurated the country’s first wind farm. Delivered by Masdar, Abu Dhabi’s renewable energy company, More...

Kuwait Stock Exchange
By Staff writer On Sunday, August 31st, 2014
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Price index continues upward trend for 9th week in a row

Kuwait Stock Exchange An economic report said Saturday that the price index continued to be on an upward trend for the ninth week in a row due to trading speculation on small and midsize shares at Kuwait Stock Exchange More...

Oil
By Staff writer On Sunday, August 31st, 2014
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Kuwaiti crude oil price at USD 99.59 — KPC

Oil The price of Kuwaiti crude oil spiked 45 cents in yesterday’s transactions, reaching the level of USD 99.59 a barrel compared to USD 99.14 the day before, according to oil prices announced by Kuwait Petroleum More...

Sheikh Sabah Khaled Al-Hamad Al-Sabah, First Deputy Prime Minister and Foreign Minister
By Staff writer On Sunday, August 31st, 2014
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Kuwait FM to Jeddah for GCC meeting

Sheikh Sabah Khaled Al-Hamad Al-Sabah, First Deputy Prime Minister and Foreign Minister First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah left the country, heading for Jeddah, More...

Jahra governorate, Kuwait
By Staff writer On Sunday, August 31st, 2014
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Jahra development plans extension of Kuwait’s strategy

Jahra governorate, Kuwait  The development of Jahra governorate is an extension of the state’s development strategy and its’ within our interest to develop all sectors and services in the area, said More...

Dr. Khalid bin Mohammed Al Attiyah, Qatar, Foreign Minister
By Staff writer On Sunday, August 31st, 2014
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HE Foreign Minister Participates in GCC Ministerial Meeting

Dr. Khalid bin Mohammed Al Attiyah, Qatar, Foreign Minister HE Foreign Minister Dr. Khalid bin Mohammed Al Attiyah participated Saturday in the 132nd session of the GCC Ministerial Council, taking place in Jeddah. The More...

Qatar, Doha
By Staff writer On Sunday, August 31st, 2014
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QNB: Qatar’s Real Estate Prices Still Remain within Fundamentals

Qatar, Doha Qatar’s real estate prices continue to reach record highs. According to the Real Estate Price Index (REPI) published by the Qatar Central Bank (QCB), average prices for land, commercial and residential More...

Al Khalij Commercial Bank (al khaliji)
By Staff writer On Sunday, August 31st, 2014
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Al-Khaleeji Appoints New Group Chief Executive Officer

Al Khalij Commercial Bank (al khaliji) Al Khalij Commercial Bank (al khaliji) Q.S.C. announced the official appointment of Mr. Fahad Abdullah Al Khalifa as Group Chief Executive Officer. In making the announcement More...

Qatar Business Incubation Center (QBIC)
By Staff writer On Sunday, August 31st, 2014
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Qatar Business Incubation Center to host 2nd Arab Mobile App Challenge

Qatar Business Incubation Center (QBIC)  Qatar Business Incubation Center (QBIC) has been appointed Qatar country host for the second Arab Mobile App Challenge, enabling it to reach out to talented young entrepreneurs More...

Sharjah
By Staff writer On Saturday, August 30th, 2014
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US Congress explores business, investment opportunities in Sharjah

Sharjah The Sharjah Investment and Development Authority (Shurooq) has recently welcomed a delegation of representatives of the US Congress at a roundtable event hosted at the Sharjah Chamber of Commerce and Industry. More...

Dubai Ferry
By Staff writer On Saturday, August 30th, 2014
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RTA opens new Dubai Ferry line to boost tourist marine transport

Dubai Ferry  The Public Transport Agency, Roads and Transport Authority, is launching on Monday, Sept. 1st, a new Dubai Ferry line from the Marina Mall to Al Ghubaiba Station and vice versa in an effort to enhance More...

DEWA receives students from ‘Smart Summer 2014’ camp
By Staff writer On Saturday, August 30th, 2014
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DEWA receives students from ‘Smart Summer 2014’ camp

DEWA receives students from ‘Smart Summer 2014’ camp Dubai Electricity and Water Authority (DEWA) received, at its Sustainable Building in Al Quoz, students from ‘Smart Summer 2014,’ a summer camp organised More...

Kuwaiti crude oil price at USD 99.60
By Staff writer On Saturday, August 30th, 2014
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Over quarter of Japan’s oil imports came from U.A.E. in July, says ANRE report

Kuwait’s crude oil exports to China hits 4-month high Japan’s Agency for Natural Resources and Energy (ANRE), has said that more than a quarter of Japan’s imports of crude oil during the month More...

OPEC
By Staff writer On Saturday, August 30th, 2014
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OPEC daily basket price stood at $99.97 a barrel Thursday

OPEC The price of OPEC basket of twelve crudes stood at 99.97 dollars a barrel on Thursday, compared with $100.06 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

Kuwaiti Finance House
By Staff writer On Saturday, August 30th, 2014
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KFH maintains positive outlook for construction industry

Kuwaiti Finance House The Kuwaiti Finance House, in a fresh report, has maintained a positive outlook for the Kuwaiti construction industry, on the back of strong domestic demand in the economy and a pick-up in More...

oil barrel
By Staff writer On Saturday, August 30th, 2014
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Kuwaiti crude oil price at USD 99.14 — KPC

oil barrel The price of Kuwaiti crude oil slid by 64 cents to settle at USD 99.14 in yesterday’s transactions compared to USD 99.78 the day before, said Kuwait Petroleum Corp. on Friday. The mild decline in More...

Kuwait, Mexico
By Staff writer On Saturday, August 30th, 2014
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Amb. Hayat discusses Mexican official’s upcoming visit to Kuwait

Kuwait, Mexico  Kuwaiti Ambassador to Mexico Samih Johar Hayat discussed with Mexican Undersecretary of Foreign Affairs Carlos Alberto de Icaza Gonzalez details of the latter’s upcoming visit to the state More...

HE Al-Mahmoud Leads Qatar Delegation to UNAOC Global Forum
By Staff writer On Saturday, August 30th, 2014
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HE Al-Mahmoud Leads Qatar Delegation to UNAOC Global Forum

HE Al-Mahmoud Leads Qatar Delegation to UNAOC Global Forum HE Deputy Prime Minister and Minister of State for Cabinet Affairs Ahmed bin Abdullah Al Mahmoud led Qatar’s delegation to U.N. Alliance of Civilizations More...

United Nations Alliance of Civilizations
By Staff writer On Saturday, August 30th, 2014
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Qatar Donates $1 Mln to UNAOC Trust Fund

United Nations Alliance of Civilizations Qatar has donated $1 million to the trust fund of the United Nations Alliance of Civilizations (UNAOC), HE Deputy Prime Minister and Minister of State for Cabinet Affairs More...

World Bank
By Staff writer On Friday, August 29th, 2014
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Government of India and World Bank Sign $107 Million Agreement to Connect Mizoram with Bangladesh and Myanmar via Roads

World Bank The Government of India, the Government of Mizoram, and the World Bank today signed a $107 million credit agreement for the Mizoram State Roads II – Regional Transport Connectivity Project to improve More...

DFM's market capitalisation up 22.2% to AED 357.6billion in Q3, 2014
By Staff writer On Friday, August 29th, 2014
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Foreign investors purchased AED 2.5 bn worth of shares on Dubai Financial Market

Foreign investors purchased AED 2.5 bn worth of shares on Dubai Financial Market Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-U.A.E. nationals, from 24th to More...

The cove rotana resort, Ras Al Khaimah
By Staff writer On Friday, August 29th, 2014
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Ras Al Khaimah attracts over 300,000 visitors, nets $118m in revenues in H1

The cove rotana resort, Ras Al Khaimah Ras Al Khaimah earned around $118.7 million in tourism revenues from a total of 330,048 visitors during the first half of this year, according to the Ras Al Khaimah Tourism More...

Flydubai
By Staff writer On Friday, August 29th, 2014
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flydubai reaches milestone 80 destinations with addition of three new routes in East Africa

Flydubai Dubai-based flydubai on Thursday announced the addition of three new East African routes, bringing the total number of destinations in the carrier’s network to 80. With the launch of flights in September More...

DP World
By Staff writer On Friday, August 29th, 2014
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DP World’s like-for-like profit grows 41pc in H1 2014

DP World Global marine terminal operator DP World on Thursday announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to More...

Emirates Integrated Telecommunications Company (du)
By Staff writer On Friday, August 29th, 2014
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du increases LTE expansion plans for 2014 by 25%

Emirates Integrated Telecommunications Company (du)  In response to the increasing demand for faster connectivity at all times and anywhere, the Emirates Integrated Telecommunications Company (du) will expand its More...

Qatar Stock Exchange
By Staff writer On Friday, August 29th, 2014
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Qatar Exchange Index Drops 333.04 Points This Week

kuwait stock exchange Qatar Exchange index dropped 333.04 points (-2.42%) this week when trading closed Thursday at 13,443.16 points. The trading value this week increased by 11.59% to reach QR 4,862,662,105.55 More...

Oil
By Staff writer On Friday, August 29th, 2014
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OPEC daily basket price for Wednesday

Oil OPEC’s daily basket of twelve crudes stood at US$100.06 a barrel on Wednesday, compared with $99.82 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) More...

Emirates to hire over 11,000 new staff in 2015
By Staff writer On Friday, August 29th, 2014
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Emirates and Arik Air Sign Memorandum of Understanding

Emirates and Arik Air Sign Memorandum of Understanding Emirates Airline has signed a Memorandum of Understanding (MoU) with Arik Air, West Africa’s leading airline, to develop and expand their existing commercial More...

Kuwait Stock Exchange
By Staff writer On Friday, August 29th, 2014
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KSE ends trading week on tepid note

Kuwait Stock Exchange The stock market ended the trading week today on a mixed note with traders running after profit collection and some shares getting hammered hard by some traders who abandoned them for cheaper More...

Us Dollar, Kuwaiti Dinar
By Staff writer On Friday, August 29th, 2014
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USD stable rate against KWD at KD 0.284

Us Dollar, Kuwaiti Dinar The US dollar currency exchange is stable against Kuwaiti Dinar at rate of KD 0.284 Thursday. The CBK said that the euro exchange went up by KD 0.375 from yesterday’s rate. The Pound More...

Kuwait Oil Company (KOC)
By Staff writer On Friday, August 29th, 2014
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KOC clinches Jet Energy Prize 2014

Kuwait Oil Company (KOC)  Kuwait Oil Company (KOC) announced on Thursday it had clinched this year’s Jet Energy Prize, vied for by oil companies worldwide, for the company’s special program to train More...

Dubai reinforces the diversity of its foreign trade in H1 2014
By Staff writer On Thursday, August 28th, 2014
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Dubai reinforces the diversity of its foreign trade in H1 2014

Dubai reinforces the diversity of its foreign trade in H1 2014 Dubai has cemented its position as a regional and global trading hub, as the world’s trust in the emirate’s potentials is leveraged in view of the More...

Dubai Expo 2020
By Staff writer On Thursday, August 28th, 2014
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Master planning for Dubai Expo site well progressed Hok-Arup consortium continues work on Dubai Expo 2020

Dubai Expo 2020 Next stage design master planning is well progressed for Dubai Expo 2020’s host venue, Dubai Trade Centre-Jebel Ali – a 438-hectare site that includes the dedicated gated 150-hectare Dubai More...

Etihad Airways, Al Ain contact centre facility
By Staff writer On Thursday, August 28th, 2014
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New contact centre opens to support Etihad’s Airway guests

Etihad Airways, Al Ain contact centre facility Etihad Airways, the national airline of the United Arab Emirates (UAE), has completed the final phase in the development of its Al Ain contact centre facility, with More...

18th China International Fair for Investment and Trade, CIFIT,
By Staff writer On Thursday, August 28th, 2014
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U.A.E. to take part in 18th China International Fair for Investment and Trade

18th China International Fair for Investment and Trade, CIFIT, The U.A.E. is to participate in the 18th China International Fair for Investment and Trade, CIFIT, which will take place from September 8th-11th, at More...

Drydocks World to carry out major repair on rig "High Island IV" for Shelf Drilling
By Staff writer On Thursday, August 28th, 2014
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Drydocks World to participate in SMM 2014 Maritime Industry Exhibition in Hamburg

Drydocks World to participate in SMM 2014 Maritime Industry Exhibition in Hamburg Drydocks World, the leading provider of maritime and offshore services to the shipping, oil, gas, and energy sectors, will participate More...

OPEC
By Staff writer On Thursday, August 28th, 2014
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OPEC daily basket price stood at USD$99.82 a barrel Tuesday, 26 August 2014

OPEC The price of OPEC’s basket of twelve crudes stood at US$99.82 a barrel on Tuesday, compared with $99.09 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes More...

Kuwait Stock Exchange
By Staff writer On Thursday, August 28th, 2014
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KSE indices in mix board

Kuwait Stock Exchange The indices of Kuwait Stock Exchange (KSE) ended of Wednesday’s session on mix board, with the weighted and price indices all down by 0.36 and 122.36 points respectively, while KSX 15 More...

Us Dollar, Kuwaiti Dinar
By Staff writer On Thursday, August 28th, 2014
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USD stable against KWD at KD 0.284

Us Dollar, Kuwaiti Dinar The US dollar is still stable against the Kuwaiti Dinar at KD 0.284, said the Central Bank of Kuwait (CBK) on Wednesday. The CBK said that the Euro fell to KD 0.374 from yesterday’s More...

Kuwait
By Staff writer On Thursday, August 28th, 2014
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Corporate profits wane in 1st half of 2014

Kuwait Aggregate profits of listed Kuwaiti companies during the first half of the year were unimpressive, despite the strong growth in bottom lines seen by banks, said a report published here on Wednesday by the More...

Nasser Al-Mudhaf , KPC's International Marketing Managing Director and Ramon S. Ang, Petron Singapore Ltd Chairman and CEO
By Staff writer On Thursday, August 28th, 2014
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KPC signs USD2bln-worth oil supply deal with Petron Singapore

Nasser Al-Mudhaf , KPC’s International Marketing Managing Director and Ramon S. Ang, Petron Singapore Ltd Chairman and CEO The state-owned Kuwait Petroleum Corporation (KPC) signed Wednesday a USD 2 billion-worth More...

Oil refinery
By Staff writer On Thursday, August 28th, 2014
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Crude refining operations in GCC increase

Oil refinery Oil refineries in GCC states recorded tangible rise in refining operations in the past three months, shipping up to 3.91 million cubic ton of refined oil in four weeks till August 10th, according to More...

Qatar Airways
By Staff writer On Thursday, August 28th, 2014
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Qatar Airways Gears Up to Receive New Aircraft A350 into the Fleet

Qatar Airways Qatar Airways, the launch customer of the Airbus A350 Xtra Wide Body aircraft, is set to receive its first delivery before the end of this year. The airline has ordered 80 of the wide body A350 XWB More...

Industrial Ras Al-Khair City
By Staff writer On Thursday, August 28th, 2014
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Jubail and Yanbu Royal Commission signs SR 293 million contracts

Industrial Ras Al-Khair City  Prince Saud bin Abdullah bin Thinyan, Chairman of Royal Commission for Jubail and Yanbu signed here today two contracts amounting to SR 293 million. The contracts provide for carrying More...

water projects in Jazan Region
By Staff writer On Thursday, August 28th, 2014
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SR 269 million water projects implemented in Jazan Region

water projects in Jazan Region The Director General of Water Department in Jazan Region Engineer Hamzah bin Omar Qanaie inspected today a number of water projects being implemented in the region by the Ministry More...

The first Forex World Congress in Dubai
By Staff writer On Wednesday, August 27th, 2014
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Experts to attend the first Forex World Congress in Dubai

More than 2000 financial executives and specialists are expected to attend the first Forex World Congress (FWC) for online The first Forex World Congress in Dubai traders, investors and brokers to be held in Dubai More...

10th World Islamic Economic Forum
By Staff writer On Wednesday, August 27th, 2014
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10th World Islamic Economic Forum introduces new features to celebrate Dubai as land of creativity and innovation

10th World Islamic Economic Forum The World Islamic Economic Forum (WIEF) Foundation and Dubai Chamber of Commerce & Industry (Dubai Chamber) today unveiled at a press conference in Kuala Lumpur details of the More...

Kuwaiti crude oil price at USD 99.60
By Staff writer On Wednesday, August 27th, 2014
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Kuwait’s crude oil exports to China hits 4-month high

Kuwait’s crude oil exports to China hits 4-month high Kuwait’s crude oil exports to China jumped 16.9 percent in July from a year earlier to a four-month high of 1.11 million tons, equivalent to around More...

oil barrel
By Staff writer On Wednesday, August 27th, 2014
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OPEC daily basket price USD$99.09 a barrel Monday, 25th August

oil barrel  The price of OPEC’s basket of twelve crudes stood at US$99.09 a barrel on Monday, compared with $99.19 the previous Friday, according to OPEC’s Secretariat calculations. The new OPEC Reference More...

Abu Dhabi
By Staff writer On Wednesday, August 27th, 2014
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Abu Dhabi to attract more Indian tourists

Abu Dhabi With Indian visitors emerging as the largest number of international hotel guests for Abu Dhabi over the past year, the emirate’s tourism industry is embarking on a five-city road-show aimed at keeping More...

Kuwait Stock Exchange
By Staff writer On Wednesday, August 27th, 2014
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KSE ends trading on green board

Kuwait Stock Exchange  Trading came to an end on Tuesday with the board at Kuwait Stock Exchange showing green digits as the weighted index ended up on a gain of 0.24 points, the price index reaching 7,408 points, More...

US dollar, Kuwaiti dinar
By Staff writer On Wednesday, August 27th, 2014
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USD unchanged against Kuwaiti dinar at KD 0.284

US dollar, Kuwaiti dinar  Exchange rate of the US greenback vis-a-vis the Kuwaiti dinar was unchanged on Tuesday, trading at KD 0.284 per dollar, said the daily bulletin of the Central Bank of Kuwait. The EU currency More...

Jazeera Airways
By Staff writer On Wednesday, August 27th, 2014
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Jazeera Airways July 2014 operational performance report shows increases on major routes

Jazeera Airways Jazeera Airways released its July 2014 Operational Performance Report Tuesday, which shows an increase in flown passengers on routes serving Istanbul, Cairo, Jeddah, Sharm El Sheikh and Sohag. Jazeera More...

Qatar Airways to Increase Capacity to European Destinations
By Staff writer On Wednesday, August 27th, 2014
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Qatar Airways to Double Flights to Madinah

Qatar Airways Qatar Airways (QA) will launch an additional daily flight to Madinah in Saudi Arabia from October 26, the Qatari national carrier announced Tuesday. The additional flight will double the number of More...

Qatar Foreign Merchandise Trade Surplus was QR 33.2 billion in July, 2014
By Staff writer On Wednesday, August 27th, 2014
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Qatar Foreign Merchandise Trade Surplus was QR 33.2 billion in July, 2014

Qatar Foreign Merchandise Trade Surplus was QR 33.2 billion in July, 2014  The Ministry of Development Planning and Statistics have released preliminary figures of the value of exports domestic goods, re-exports More...

Qatar Stock Exchange
By Staff writer On Wednesday, August 27th, 2014
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Qatar Stocks Index Approaches 14,000 Points Mark

Qatar Stock Exchange Qatar Stock Exchange index Tuesday approached the threshold of 14,000 points when it closed trading at 13,906.56 points, up 40.67 points (+0.29%). The trading value reached QR 734.51 Million More...

Logistics Village Qatar
By Staff writer On Wednesday, August 27th, 2014
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Gulf Warehousing Discloses Launch of Phase 4 Operations at Logistics Village Qatar

Logistics Village Qatar  Gulf Warehousing Company has announced the launch of operations at its Phase 4 expansion in the Logistics Village Qatar. This expansion has added 81 thousand square meters of storage and More...

UDC Renews $210 Million Credit Facility Deal
By Staff writer On Wednesday, August 27th, 2014
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UDC Renews $210 Million Credit Facility Deal

UDC Renews $210 Million Credit Facility Deal  Qatar’s real estate developer, the United Development Company, has announced the renewal of a US$ 210 Million credit facility agreement with a group of banks More...

Sheraton, Abu Dhabi
By Staff writer On Tuesday, August 26th, 2014
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Hotel Price Index down to 11.5% during June 2014 : SCAD

Sheraton, Abu Dhabi The Hotel price index (HPI) decreased during the month of June 2014 from 90.6 in May 2014 to 80.1 in June 2014, which shown decreased by 11.5%, according to Statistics Centre- Abu Dhabi (SCAD) More...

Kuwait's inflation rises by 2.71 pct in July
By Staff writer On Tuesday, August 26th, 2014
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Kuwait’s inflation rises by 2.71 pct in July

Kuwait’s inflation rises by 2.71 pct in July  Kuwait’s annual record of the general index of consumer prices (inflation) rate rose in July by 2.71 percent compared with the same month of last year, More...

ADNOC Distribution launches awareness campaign on LPG cylinders usage
By Staff writer On Tuesday, August 26th, 2014
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ADNOC Distribution Completes Acquisition Process Of 34 Service Stations From Emarat In Northern Emirates

ADNOC Distribution ADNOC Distribution today announced it has completed the acquisition of 34 Emarat service stations and a fuel depot at Port Khaled in Sharjah. To date in August, ADNOC Distribution has achieved More...

Oil
By Staff writer On Tuesday, August 26th, 2014
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OPEC daily basket price stood at US$99.19 a barrel Friday, 22 August 2014

Oil The price of OPEC’S basket of twelve crudes stood at US$99.19 dollars a barrel on Friday, compared with $99.03 the previous day, according to OPEC’s Secretariat calculations. The OPEC Reference Basket More...

third Chinese Visitor Summit
By Staff writer On Tuesday, August 26th, 2014
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Abu Dhabi to attract more Chinese visitors

third Chinese Visitor Summit Around 59,518 Chinese visitors checked into Abu Dhabi’s hotels and resorts during the first six months of the year, which was a 189% increase over the first half of 2013. Chinese guests More...

Abu Dhabi launches exclusive Volvo Ocean Race hospitality package
By Staff writer On Tuesday, August 26th, 2014
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Abu Dhabi launches exclusive Volvo Ocean Race hospitality package

Abu Dhabi launches exclusive Volvo Ocean Race hospitality package The Abu Dhabi Convention Bureau, a dedicated division of Abu Dhabi Tourism Culture Authority, has launched an exclusive range of hospitality packages More...

US dollar, Kuwaiti dinar
By Staff writer On Tuesday, August 26th, 2014
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USD unchanged against Kuwaiti dinar at KD 0.284

US dollar, Kuwaiti dinar Exchange rate of the US greenback vis-a-vis the Kuwaiti dinar was unchanged on Monday, trading at KD 0.284 per dollar, said the daily bulletin of the Central Bank of Kuwait. Meanwhile, the More...

Kuwait Stock Exchange
By Staff writer On Tuesday, August 26th, 2014
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KSE ends Monday’s trading in decline

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Monday’s trading with all its indices in decline. The price index reached 7,389.03 points, losing 3.15 points, the weighted index stood at 490.84 points, More...

Qatar, Morocco
By Staff writer On Tuesday, August 26th, 2014
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Qatar grants Morocco USD 136 mln to finance development projects

Qatar, Morocco Qatar on Monday offered Morocco USD 136 million to finance irrigation and pastures projects in the desert areas in northern, central and southern parts of the Kingdom of Morocco. The grant agreement More...

Kuwait to mark 40th anniversary of Supreme Petroleum Council Tuesday
By Staff writer On Tuesday, August 26th, 2014
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Kuwait to mark 40th anniversary of Supreme Petroleum Council Tuesday

Kuwait to mark 40th anniversary of Supreme Petroleum Council Tuesday  Kuwait will mark Tuesday the 40th anniversary of establishing the Supreme Petroleum Council, a body that comprises top official decision-makers, More...

Monthly Producer Price Index of Industrial Sector for Last June
By Staff writer On Tuesday, August 26th, 2014
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Monthly Producer Price Index of Industrial Sector for Last June

Monthly Producer Price Index of Industrial Sector for Last June  Ministry of Development Planning and Statistics (MDPS) have released the Monthly Producer Price Index (PPI) of the Industrial sector which covers More...

Qatar Airways
By Staff writer On Tuesday, August 26th, 2014
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Qatar Airways Set to Up Frequencies to Dubai Airports

Qatar Airways Qatar Airways on Monday announced plans to increase frequencies on its services to Dubai. Effective from October 26, Qatar Airways will operate 14 flights per day to Dubai International Airport and More...

James Hogan, President and Chief Executive Officer of Etihad Airways
By Staff writer On Monday, August 25th, 2014
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Etihad Airways CEO:We are comfortable with FOCA’s review on deal to acquire 33.3% of Darwin Airline

James Hogan, President and Chief Executive Officer of Etihad Airways Etihad Airways is comfortable with the process of review by Switzerland’s Federal Office of Civil Aviation concerning the agreement to acquire More...

Dubai, Burj Al Arab
By Staff writer On Monday, August 25th, 2014
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Dubai’s hotels welcomed more than 5.8 mn in H1, generating AED12.7 bn in revenues

Dubai, Burj Al Arab Dubai’s hotels welcomed more than 5.8 million tourists in the first half of 2014 -the highest number of visitors ever achieved in the first six months of the year. The statistics, released More...

DFM's market capitalisation up 22.2% to AED 357.6billion in Q3, 2014
By Staff writer On Monday, August 25th, 2014
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DFM successfully concludes its Summer Training Program 2014

DFM successfully concludes its Summer Training Program 2014 Dubai Financial Market (DFM) successfully concluded its Summer Training Program with the participation of 10 Emarati students representing several schools More...

Facilities Management (FM)
By Staff writer On Monday, August 25th, 2014
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UAE’s facilities management industry value could hit approximately AED 20bn by 2015, Says G4S

Facilities Management (FM) Facilities Management (FM) services contracts in the U.A.E. could be valued at approximately AED 20 billion per annum by next year, according to G4S, a leading global security and outsourcing More...

DEWA implements SAP – Wave III for Enterprise Resource Planning
By Staff writer On Monday, August 25th, 2014
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DEWA implements SAP – Wave III for Enterprise Resource Planning

DEWA implements SAP – Wave III for Enterprise Resource Planning Dubai Electricity and Water Authority (DEWA) has started implementing the third phase of SAP for Enterprise Resource Planning (ERP). The system will More...

the National Water Company (NWC) will provide Riyadh with 2.8 million cubic meters of water a day around the clock by next year
By Staff writer On Monday, August 25th, 2014
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Riyadh will get 2.8 million cubic meters of water a day around the clock by next year

the National Water Company (NWC) will provide Riyadh with 2.8 million cubic meters of water a day around the clock by next year Saudi capital Riyadh will get 2.8 million cubic meters of water a day around the clock More...

DP World Reports 8.9% Volume Growth In 2014
By Staff writer On Monday, August 25th, 2014
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DP World invests in development of the Container Terminal Trilogiport at Liege Port

DP World  Following previous investments in the Beverdonk Container Terminal at Grobbendonk, now DP World takes over all shares owned by Euroports in Trilogiport (Liege container terminal). With this, the international More...

Masdar Institute and TU Dresden present 20 technical papers on 3D stacks of integrated chips in Dresden
By Staff writer On Monday, August 25th, 2014
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Masdar Institute and TU Dresden present 20 technical papers on 3D stacks of integrated chips in Dresden

Masdar Institute and TU Dresden present 20 technical papers on 3D stacks of integrated chips in Dresden Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused More...

Dubai Investments PJSC
By Staff writer On Monday, August 25th, 2014
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Dubai Investments bolsters construction material portfolio amidst boom trend

Dubai Investments PJSC Dubai Investments PJSC, a leading investment company in the U.A.E., has reinforced the production capabilities of its subsidiaries dealing in building materials amidst accelerating trends More...

Kuwait Stock Exchange
By Staff writer On Monday, August 25th, 2014
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KSE ends Sunday’s trading with green pirce index

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Sunday’s trading with the price index in the green zone as it reached 7,392.18 points, gaining 41.84 points. However, the weighted index stood at 492.45 More...

Oman Crude Oil Futures Contract /DME Oman/ traded at 26-month low
By Staff writer On Sunday, August 24th, 2014
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Kuwait eyes 500,000 bpd crude exports to China in 3 years

Kuwait crude oil down 97 cents to USD 102.36 pb Kuwait plans to increase the volume of its crude oil exports to China to 500,000 barrels per day (bpd), and eventually to 800,000 bpd, an executive at the state-run More...

Emirates Transport (ET)
By Staff writer On Sunday, August 24th, 2014
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Emirates Transport reports AED1.5b in revenues for 2013

Emirates Transport (ET) Emirates General Transport and Services Corporation, or Emirates Transport (ET) has reported total revenues of AED1.5 billion for 2013 maintaining an annual growth rate of 18 per cent over More...

Etisalat combine local and roaming mobile data in one pack
By Staff writer On Sunday, August 24th, 2014
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Etisalat introduces Global Data Plan; UAE first to combine local and roaming mobile data in one pack

Etisalat combine local and roaming mobile data in one pack Etisalat launched today a new ‘Global Data Plan’ that offers post-paid mobile customers the convenience of local data, roaming data and unlimited Wi-Fi More...

Kuwait Stock Exchange (KSE)
By Staff writer On Sunday, August 24th, 2014
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KSE ends the week trading on positive note

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended the week trading in the green zone with variance in the gains made by its main indices, a specialized economic report showed Saturday. The report, by Bayan More...

Marzouq Ali Al-Ghanim, National Assembly Speaker
By Staff writer On Sunday, August 24th, 2014
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Al-Ghanim to start official visit to Switzerland Sunday

Marzouq Ali Al-Ghanim, National Assembly Speaker National Assembly Speaker Marzouq Ali Al-Ghanim will leave Kuwait Sunday, heading a parliamentary delegation on an official four-day visit to Switzerland. “During More...

Kuwait National Petroleum Company (KNPC)
By Staff writer On Sunday, August 24th, 2014
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KNPC committed to providing fuel products to clients

Kuwait National Petroleum Company (KNPC)  Kuwait National Petroleum Company (KNPC) is committed to providing fuel products to clients according to their needs and certain agreed upon quotas, said a statement by More...

Kuwait, Switzerland
By Staff writer On Sunday, August 24th, 2014
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Kuwaiti FM’s visit to Geneva “important” — diplomat

Kuwait, Switzerland Kuwait’s First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah’s visit to Geneva was important as it has addressed some vital issues pertaining More...

Ooredoo Warns Customers about Phone Scams from Local Numbers
By Staff writer On Sunday, August 24th, 2014
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Ooredoo Reaches Milestone of 1 Million Customers in Myanmar

Ooredoo Reaches Milestone of 1 Million Customers in Myanmar Ooredoo has already broken through the one million customer milestone in its newest market of Myanmar, less than three weeks after going live with its More...

QNB
By Staff writer On Sunday, August 24th, 2014
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QNB: Declining Food Prices Increase the Risk of Global Deflation

QNB International food prices have been declining in recent months, reflecting record harvests and weak global demand. Declining food prices have in turn contributed to lower inflation in the Eurozone, the United More...

workshop on building new complexes
By Staff writer On Sunday, August 24th, 2014
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Al-Meera to Open 9 New Outlets

workshop on building new complexes  Deputy Chief Executive Officer of Al-Meera Consumer Goods Company Dr. Mohamed Nasser Al-Qutaifiya has announced that the company is working at full capacity for the completion More...

Ms. Aysha Al Mudahki, new CEO of Qatar Business Incubation Centre (QBIC) .
By Staff writer On Sunday, August 24th, 2014
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New CEO of Qatar Business Incubation Centre Appointed

Ms. Aysha Al Mudahki, new CEO of Qatar Business Incubation Centre (QBIC) . Qatar Business Incubation Centre (QBIC), the largest mixed-use business incubator in the Middle East, today announced that Ms. Aysha Al More...

Ali Shareef Al Emadi, Minister of Finance
By Staff writer On Sunday, August 24th, 2014
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Finance Minister Meets Portuguese Deputy Prime Minister

Ali Shareef Al Emadi, Minister of Finance  HE Minister of Finance Ali Shareef Al Emadi, who is on a working visit to Lisbon, met here this evening with Portuguese Deputy Prime Minister Dr. Paulo Portas. During More...

KPC International Marketing Managing Director Nasser Al-Mudhaf and delegation at signing ceremony of crude supply contract
By Staff writer On Saturday, August 23rd, 2014
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Kuwait, China sign biggest crude supply deal

KPC International Marketing Managing Director Nasser Al-Mudhaf and delegation at signing ceremony of crude supply contract State-run Kuwait Petroleum Corporation (KPC) and China’s UNIPEC signed a landmark More...

oil barrel
By Staff writer On Saturday, August 23rd, 2014
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OPEC daily basket price stood at $99.03 a barrel

oil barrel The price of OPEC basket of twelve crudes stood at 99.03 dollars a barrel on Thursday, compared with $99.52 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

Dubai Financial Market (DFM)
By Staff writer On Saturday, August 23rd, 2014
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Foreign investors purchased AED 1.1 bn worth of shares on Dubai Financial Market

Dubai Financial Market (DFM) Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-U.A.E. nationals, from 17th to 21st August, 2014, reached about AED 1.137 billion, More...

King Abdullah II, Jordan
By Staff writer On Saturday, August 23rd, 2014
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Jordan faces multiple challenges – King Abdullah II

King Abdullah II, Jordan King Abdullah II, of Jordan said Thursday his country needs a clear-cut strategy to achieve sustainable socio-economic development and address the current multiple challenges. “Such More...