Date archive forOctober, 2014
oil
By Staff writer On Friday, October 31st, 2014
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Crude oil prices dropped by more than 27 pct since June

Crude oil prices dropped by more than 27 pct since June Oil prices have dropped by 27 percent since last June, the lowest in four years on a combination of weak global oil demand and a supply glut in the North Atlantic, More...

Oil
By Staff writer On Friday, October 31st, 2014
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Kuwait crude oil price down to USD 81.46 pd

Oil The price of Kuwait crude oil per barrel went down by USD 0.25, standing at USD 81.46 pb on Thursday compared to USD 81.71 on Wednesday, said Kuwait Petroleum Corporation (KPC) here Friday. Crude prices have More...

IRENA's 8th council meeting to begin on Monday
By Staff writer On Friday, October 31st, 2014
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IRENA’s 8th council meeting to begin on Monday

IRENA’s 8th council meeting to begin on Monday The International Renewable Energy Agency (IRENA) will hold its eighth Council meeting on Monday and Tuesday, 3-4 November 2014, at the Abu Dhabi Sheraton Hotel More...

Al Meera Profits up 77.2% in First 9 Months of 2014
By Staff writer On Thursday, October 30th, 2014
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Al Meera Profits up 77.2% in First 9 Months of 2014

Al Meera Profits up 77.2% in First 9 Months of 2014 Almeera Consumer Goods Company disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a More...

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Commerce
By Staff writer On Thursday, October 30th, 2014
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Qatari Investments in UK More than GBP30 Billion

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Commerce HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed Al-Thani said that the United Kingdom is one of the main attractions More...

Mazaya 9-Month Profit Jumps to QR 87.9 Million
By Staff writer On Thursday, October 30th, 2014
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Mazaya 9-Month Profit Jumps to QR 87.9 Million

Mazaya 9-Month Profit Jumps to QR 87.9 Million Mazaya Qatar Real Estate Development Company’s nine-month net profit for the period ended September 30 has jumped to QR 87.9 Million. This is a substantial increase More...

Qatar Stock Exchange
By Staff writer On Thursday, October 30th, 2014
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Qatar Stock Index Drops 277.03 Points

Qatar Stock Exchange Qatar Stock Exchange (QSE) index dropped 277.03 points (-2.01%) when the bourse closed at 13,489.86 points Thursday. The traded value however peaked to QR 1.045 Billion from QR 956.778 Million More...

IPG achieves KD 3.62 million profits in Q3 2014
By Staff writer On Thursday, October 30th, 2014
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IPG achieves KD 3.62 million profits in Q3 2014

IPG achieves KD 3.62 million profits in Q3 2014 Kuwait-based Independent Petroleum Group (IPG) achieved profits worth KD 3.62 million at the end of the third quarter of 2014 in comparison to KD 4.35 million a year More...

Kuwait Stock Exchange
By Staff writer On Thursday, October 30th, 2014
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Kuwait Stock Exchange ends Thursday on mixed board

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Thursday’s trading on mixed board as the weighted index recorded 482.16 points, gaining 0.22 points, the price index reached 7,361.61 points, losing More...

US dollar, Kuwaiti dinar
By Staff writer On Thursday, October 30th, 2014
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USD steady against Kuwaiti dinar at KD 0.289

US dollar, Kuwaiti dinar The USD exchange rate was stable against the Kuwaiti dinar, on Thursday, at KD 0.289, while the Euro went down to KD 0.365, compared with Wednesday’s rates, said the Central Bank of More...

Al Ain Water expands production capacity by 60 percent
By Staff writer On Thursday, October 30th, 2014
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Al Ain Water expands production capacity by 60 percent

Al Ain Water expands production capacity by 60 percent In a bid to meet rising demand, Al Ain Food and Beverages (P.J.S.C), one of the bottled drinking water manufacturers in the U.A.E., has expanded its production More...

Dubai Helishow 2014 scheduled for first week of November
By Staff writer On Thursday, October 30th, 2014
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Dubai Helishow 2014 scheduled for first week of November

Dubai Helishow 2014 scheduled for first week of November Dubai Helishow 2014, the sixth edition of the biennial Helicopter Technology and Operations Exhibition, is scheduled for first week of November in Dubai, More...

oil barrel
By Staff writer On Thursday, October 30th, 2014
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OPEC daily basket price for Wednesday, 29th October 2014

oil barrel The price of OPEC’s basket of twelve crudes stood at US$83.24 dollars a barrel on Wednesday, compared with $82.44 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference More...

Qatar Airways Participates in 2014 Aviation Partnership Summit in Madrid
By Staff writer On Wednesday, October 29th, 2014
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Qatar Airways Participates in 2014 Aviation Partnership Summit in Madrid

Qatar Airways Participates in 2014 Aviation Partnership Summit in Madrid Qatar Airways takes part in the 2014 Aviation Partnership Summit in the Spanish capital Madrid with the participation of over 100 aviation More...

Hamad International Airport (HIA)
By Staff writer On Wednesday, October 29th, 2014
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HIA Logs 10% Increase in Passenger and Cargo Traffic

Hamad International Airport (HIA) Passenger and cargo traffic through Qatar’s Hamad International Airport (HIA) has increased by 10% in September compared to those at Doha International Airport (DIA) during More...

kuwait stock exchange
By Staff writer On Wednesday, October 29th, 2014
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Kuwait Stock Exchange ends Wednesday in green zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Wednesday’s trading in the green zone as the weighted index recorded 481.94 points, gaining 1.29 points, the price index reached 7,371.53 points, gaining More...

Abdulaziz bin Hamad Al-Ageel, GOIC Secretary General and Colin Chapman, EPC President
By Staff writer On Wednesday, October 29th, 2014
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GOIC, EPC sign MoU to facilitate coopeartion

Abdulaziz bin Hamad Al-Ageel, GOIC Secretary General and Colin Chapman, EPC President The Gulf Organization for Industrial Consulting (GOIC) Wednesday signed a five-year Memorandum of Understanding (MoU) with Euro More...

Al Jaber Group wins AED 2.57 billion contract from ADNOC
By Staff writer On Wednesday, October 29th, 2014
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Al Jaber Group wins AED 2.57 billion contract from ADNOC

Al Jaber Group wins AED 2.57 billion contract from ADNOC Al Jaber Building, a member of the Al Jaber Group, has won a contract for the construction of 40 residential buildings for married staff at the Ruwais Housing More...

Agthia Group net profit increases by 26 percent in first nine months of 2014
By Staff writer On Wednesday, October 29th, 2014
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Agthia Group net profit increases by 26 percent in first nine months of 2014

Agthia Group net profit increases by 26 percent in first nine months of 2014 Agthia Group, an Abu Dhabi-based food and beverage company, today reported continued sales and profit growth during the third quarter More...

d3 and du join forces to provide WiFi UAE, networked by du, across Smart City greenfield site
By Staff writer On Wednesday, October 29th, 2014
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d3 and du join forces to provide WiFi UAE, networked by du, across Smart City greenfield site

d3 and du join forces to provide WiFi UAE, networked by du, across Smart City greenfield site Dubai Design District, D3, today announced a strategic partnership with du – the Official WiFi provider of Dubai More...

UAE Banks Federation announces speakers for second annual conference
By Staff writer On Wednesday, October 29th, 2014
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UAE Banks Federation announces speakers for second annual conference

UAE Banks Federation announces speakers for second annual conference Dan Schatt, Chief Commercial Officer at Stockpile, the online brokerage platform offering investors affordable stock, and formal General Manager More...

oil barrel
By Staff writer On Wednesday, October 29th, 2014
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OPEC daily basket price for Tuesday, 28 October 2014

oil barrel The price of OPEC’s basket of twelve crudes stood at US$82.44 a barrel on Tuesday, compared with $82.37 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket More...

Jebel Ali Free Zone Authority, Jafza
By Staff writer On Wednesday, October 29th, 2014
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Jafza trade with France over US$1.5 billion, CEO Salma Hareb tells new French Consul-General

Jafza trade with France over US$1.5 billion, CEO Salma Hareb tells new French Consul-General Majdi Abed, the new French Consul-General in Dubai, today visited Jebel Ali Free Zone (Jafza) and met Salma Ali Saif bin More...

Etisalat continues to achieve strong financial results
By Staff writer On Wednesday, October 29th, 2014
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Etisalat continues to achieve strong financial results

Etisalat continues to achieve strong financial results Etisalat announced today its consolidated financial results for the third quarter of 2014, showing an increase in year-on-year consolidated revenues and subscribers More...

Air Arabia commemorates 11th anniversary with first flight to 100th global destination, Tbilisi
By Staff writer On Wednesday, October 29th, 2014
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Air Arabia commemorates 11th anniversary with first flight to 100th global destination, Tbilisi

Air Arabia commemorates 11th anniversary with first flight to 100th global destination, Tbilisi Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, today marked its eleventh More...

Flydubai
By Staff writer On Wednesday, October 29th, 2014
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Mumbai touchdown marks flydubai’s 25th weekly flight to India

Flydubai Dubai-based flydubai today celebrated the arrival of its inaugural service to Mumbai. The route will further strengthen the relationship between India and the United Arab Emirates, while offering passengers More...

Sultan bin Khalifa receives delegation of Bank of China
By Staff writer On Wednesday, October 29th, 2014
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Sultan bin Khalifa receives delegation of Bank of China

Sultan bin Khalifa receives delegation of Bank of China H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan, Advisor to the U.A.E. President, received a delegation of Bank of China yesterday at his palace in Abu Dhabi. During More...

Real Estate Transactions Worth over QR1 Billion Last Week
By Staff writer On Tuesday, October 28th, 2014
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Real Estate Transactions Worth over QR1 Billion Last Week

Real Estate Transactions Worth over QR1 Billion Last Week Real estate transactions between October 19 and 23 for the real estate sales contracts registered at the Ministry of justice are worth QR1,582,085,934. The More...

QAPCO Teams with IBM and SAP to Drive Innovation and Growth
By Staff writer On Tuesday, October 28th, 2014
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QAPCO Teams with IBM and SAP to Drive Innovation and Growth

QAPCO Teams with IBM and SAP to Drive Innovation and Growth Qatar Petrochemical Company (QAPCO) has signed a strategic relationship agreement with both IBM (NYSE:IBM) and SAP (NYSE: SAP) for the development and More...

Heba Al-Tamimi, General Manager Group Retail Banking at QNB receiving the award
By Staff writer On Tuesday, October 28th, 2014
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QNB Secures “Best Affluent Card” Award for its World Elite MasterCard Credit Card Program

Heba Al-Tamimi, General Manager Group Retail Banking at QNB receiving the award QNB, “One of the World’s Strongest Banks”, has been awarded the “Best Affluent Card” Award across all of More...

Saad Al Muhannadi, Qatar Rail's CEO and Issa Al-Hammadi , QPMC's CEO
By Staff writer On Tuesday, October 28th, 2014
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Qatar Rail signs MoU with Qatar Primary Materials Company

Saad Al Muhannadi, Qatar Rail’s CEO and Issa Al-Hammadi , QPMC’s CEO Qatar Railways Company (Qatar Rail) has signed a memorandum of understanding (MoU) with Qatar Primary Materials Company (QPMC) to More...

The opening ceremony of the 3rd International Laboratory Technology Conference and Exhibition
By Staff writer On Tuesday, October 28th, 2014
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Officials emphasize importance of technology in oil industries

The opening ceremony of the 3rd International Laboratory Technology Conference and Exhibition Kuwaiti officials attending an international conference held in Bahrain stressed on Tuesday the importance of lab technology More...

US dollar, Kuwaiti dinar
By Staff writer On Tuesday, October 28th, 2014
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USD stable against KD at 0.289

US dollar, Kuwaiti dinar The USD exchange rate remained stable against the Kuwaiti Dinar on Tuesday at KD 0.289, same as did the Euro at KD 0.367 compared with Monday’s exchange rate. The Sterling exchange More...

Kuwait Stock Exchange (KSE)
By Staff writer On Tuesday, October 28th, 2014
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KSE indices rebound, turning bullish

Kuwait Stock Exchange (KSE) Main indices of Kuwait Stock Exchange (KSE), at closing of Tuesday’s session, rebounded as compared to Monday’s closing, with all posting gains. Weighted index read 480.65, More...

du Q3 year-on-year revenues exceed AED 3 billion for second consecutive quarter
By Staff writer On Tuesday, October 28th, 2014
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du Q3 year-on-year revenues exceed AED 3 billion for second consecutive quarter

du Q3 year-on-year revenues exceed AED 3 billion for second consecutive quarter Emirates Integrated Telecommunications Company (du) today announced its financial results for the third quarter of 2014 continuing More...

ADX introduces Rights Issue
By Staff writer On Tuesday, October 28th, 2014
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ADX introduces Rights Issue

ADX introduces Rights Issue In line with its strategic objectives of diversification of financial products and the introduction of new investment tools, the Abu Dhabi Securities Exchange, ADX, yesterday started More...

First Gulf Bank ''FGB''
By Staff writer On Tuesday, October 28th, 2014
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FGB’s nine-month net profit up by 21% to a record AED4,105 Million

First Gulf Bank ”FGB” First Gulf Bank, FGB, has announced its financial results for the first nine months of 2014, showing a record net profit of AED 4,105 million, up 21% compared with the same period More...

Latest ADIB real estate report shows continued new residential market slowdown in Abu Dhabi
By Staff writer On Tuesday, October 28th, 2014
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Latest ADIB real estate report shows continued new residential market slowdown in Abu Dhabi

Latest ADIB real estate report shows continued new residential market slowdown in Abu Dhabi The latest quarterly report issued by MPM Properties, the real estate subsidiary of Abu Dhabi Islamic Bank (ADIB), shows More...

Oil
By Staff writer On Tuesday, October 28th, 2014
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OPEC daily basket price for Monday, 27 October 2014

Oil The price of OPEC’s basket of twelve crudes stood at US$82.37 a barrel on Monday, compared with $82.48 the previous Friday, according to OPEC Secretariat calculations. OPEC Reference Basket of Crudes (ORB) More...

DMCC Tradeflow receives Global Islamic Finance Award for Best Supporting Institution 2014
By Staff writer On Tuesday, October 28th, 2014
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DMCC Tradeflow receives Global Islamic Finance Award for Best Supporting Institution 2014

DMCC Tradeflow receives Global Islamic Finance Award for Best Supporting Institution 2014 Dubai Multi Commodities Centre, DMCC Tradeflow, a dedicated online platform for registering possession and ownership of commodities More...

National Bonds Corporation signs Strategic Agreement with Aafaq Islamic Finance
By Staff writer On Tuesday, October 28th, 2014
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SCA, SIDC sign MoU on training, research and sharing of experience

SCA, SIDC sign MoU on training, research and sharing of experience The Securities and Commodities Authority (SCA) and the Securities Industry Development Corporation (SIDC) of Malaysia, have signed a Memorandum More...

H.H. Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah
By Staff writer On Tuesday, October 28th, 2014
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Ruler of Fujairah receives first U.A.E. Economic Planning Forum’s participants

H.H. Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, today received at Remaila Palace the heads of local economic departments More...

Peter England, RAKBANK CEO
By Staff writer On Tuesday, October 28th, 2014
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RAKBANK Reports AED 1.1 billion in Net Profit for the First Nine Months of 2014 on the Back of a Rise in Operating Income

Peter England, RAKBANK CEO RAKBANK achieved a net profit of AED 1.1 billion for the nine months ended 30 September 2014. Total assets stood at AED 34.8 billion, growing 20.5% year-on-year and 15.5% on a year-to-date More...

Burj Al Arab Jumeirah gears up to celebrate its 15th anniversary
By Staff writer On Tuesday, October 28th, 2014
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Burj Al Arab Jumeirah gears up to celebrate its 15th anniversary

Burj Al Arab Jumeirah gears up to celebrate its 15th anniversary Burj Al Arab, the world’s most luxurious hotel and the flagship property of Jumeirah Group, is preparing to embark on a year of milestone celebrations More...

kuwait stock exchange
By Staff writer On Tuesday, October 28th, 2014
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All KSE indexes settle in red zone

kuwait stock exchange Main indices of Kuwait Stock Exchange (KSE) settled in the red zone upon closing Monday’s session. Weighted index read 479.59, losing 4.32 points, price index dropped to 7,317.17, shedding More...

US dollar, Kuwaiti dinar
By Staff writer On Tuesday, October 28th, 2014
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USD up remains stable vis a vis Kuwaiti dinar at KD 0.289

US dollar, Kuwaiti dinar The USD exchange remained stable vis a vis the Kuwaiti dinar, on Monday, at KD 0.289, while the Euro went up to KD 0.367, compared with Sunday’s rates. The Sterling exchange rate also More...

ADCB Islamic Banking partners with the World Islamic Economic Forum
By Staff writer On Tuesday, October 28th, 2014
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ADCB Islamic Banking partners with the World Islamic Economic Forum

ADCB Islamic Banking partners with the World Islamic Economic Forum Abu Dhabi Commercial Bank’s Islamic Banking department announced today its strategic partnership with the 10th World Islamic Economic Forum (WIEF). More...

Khalid Bin Kalban,  Managing Director and CEO Dubai Investments PJSC
By Staff writer On Tuesday, October 28th, 2014
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Dubai Investments net profit surges 87 percent during first 9 months of 2014

Khalid Bin Kalban, Managing Director and CEO Dubai Investments PJSC Dubai Investments, DI, today announced a net profit of AED995 million for the nine-month period ended 30th September 2014, registering an increase More...

UAE accounts for 86 percent of GCC licenses for economic activities
By Staff writer On Tuesday, October 28th, 2014
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Logistics infrastructure to drive UAE GDP growth

UAE’s GDP to grow 4.2% in 2014 and 4.5% in 2015, total exports to increase 6% this year – Euler Hermes report Thanks to the U.A.E.’s strong logistics and infrastructures, the U.A.E.’s GDP is expected to More...

Kuwaiti crude down to USD 44.64 pb
By Staff writer On Tuesday, October 28th, 2014
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Oman Crude Oil Financial Contract closes at US$84.50 at DME

Oman Crude Oil Financial Contract closes at US$84.50 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went up by US$0.19 closing at $84.50 a barrel at Dubai Mercantile Exchange at 12:30 p.m. Dubai More...

IMF’s Regional Economic Outlook: Mideast Sees Fragile Recovery Amid Conflicts and Transitions
By Staff writer On Tuesday, October 28th, 2014
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IMF’s Regional Economic Outlook: Mideast Sees Fragile Recovery Amid Conflicts and Transitions

IMF’s Regional Economic Outlook: Mideast Sees Fragile Recovery Amid Conflicts and Transitions The Middle East and North Africa region continues to experience lackluster growth for the fourth year in a row, the More...

oil barrel
By Staff writer On Tuesday, October 28th, 2014
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OPEC daily basket price for Friday, 24 October 2014

oil barrel The price of OPEC’s basket of twelve crudes stood at US$82.48 a barrel on Friday, compared with $81.67 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of More...

ABB wins DEWA's $55 million order to help integrate solar power into the grid
By Staff writer On Tuesday, October 28th, 2014
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ABB wins DEWA’s $55 million order to help integrate solar power into the grid

ABB wins DEWA’s $55 million order to help integrate solar power into the grid ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & More...

Ahmed Mahboob Musabih, Director of Dubai Customs
By Staff writer On Tuesday, October 28th, 2014
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Dubai’s Foreign Trade Has Multiplied Five Times In Ten Years Thanks To Mohammed Bin Rashid’s Vision

Ahmed Mahboob Musabih, Director of Dubai Customs Ahmed Mahboob Musabih, Director of Dubai Customs, has called for stronger international cooperation to enhance trade facilitation by better aligning customs procedures More...

Kuwait Stock Exchange
By Staff writer On Monday, October 27th, 2014
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Kuwait Stock Exchange ends Sunday in red zone

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) closed Sunday’s trading in the red zone as the weighted index reached 483.91 points, losing 3.02 points, the price index reached 7,382.19 points, shedding More...

Gold
By Staff writer On Monday, October 27th, 2014
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Gold price falls to USD 1,231 per ounce

Gold The gold ended last week trading at USD 1,231 per ounce, down USD 16 per ounce compared with its price at the start of week, a specialized report stated Sunday. In spite of recording its six-week high price, More...

DEWA inspects progress at region's largest eco-friendly green workshop
By Staff writer On Monday, October 27th, 2014
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DEWA discusses cooperation opportunities with JBIC

DEWA discusses cooperation opportunities with JBIC Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority, DEWA, has discussed ways to build closer ties and explore investment opportunities More...

Etihad Airways
By Staff writer On Monday, October 27th, 2014
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Etihad Airways commences daily non-stop flights to Phuket

Etihad Airways Etihad Airways today commenced daily non-stop flights between Abu Dhabi and Phuket, the airline’s second destination in Thailand. The inaugural flight – EY430 – departed Abu Dhabi International More...

Ajman to take part in World Travel Market 2014
By Staff writer On Monday, October 27th, 2014
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Ajman to take part in World Travel Market 2014

Ajman to take part in World Travel Market 2014 Ajman will be making its maiden appearance at the World Travel Market, WTM, 2014, to be held in London from 3rd to 6th of November. The delegation is led by Ajman Tourism More...

ADSB demonstrates emerging naval manufacturing capabilities at Euronaval - Paris
By Staff writer On Monday, October 27th, 2014
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ADSB demonstrates emerging naval manufacturing capabilities at Euronaval – Paris

ADSB demonstrates emerging naval manufacturing capabilities at Euronaval – Paris Abu Dhabi Ship Building, ADSB, is to participate in the Euronaval Exhibition held from the 27th to the 31st October in Paris, More...

EGA’s leadership position highlighted at ALUMINIUM 2014
By Staff writer On Monday, October 27th, 2014
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EGA’s leadership position highlighted at ALUMINIUM 2014

EGA’s leadership position highlighted at ALUMINIUM 2014 The position held by Emirates Global Aluminium PJSC, EGA, as a global leader in the aluminium industry was showcased when the U.A.E.-based aluminium giant More...

Aluminum ingot exports to India will not face safeguard duty or compensation fees: Ministry of Economy
By Staff writer On Monday, October 27th, 2014
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Aluminum ingot exports to India will not face safeguard duty or compensation fees: Ministry of Economy

Aluminum ingot exports to India will not face safeguard duty or compensation fees: Ministry of Economy The Ministry of Economy has announced that its intensive efforts have resulted in concluding the Indian authorities’ More...

Masdar Institute to highlight opportunities in future energy for talented UAE nationals at Najah 2014
By Staff writer On Monday, October 27th, 2014
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Masdar Institute to highlight opportunities in future energy for talented UAE nationals at Najah 2014

Masdar Institute to highlight opportunities in future energy for talented UAE nationals at Najah 2014 Masdar Institute of Science and Technology, today announced that it will be presenting its specialised research-focused More...

Khalid Ali Al Bustani, Assistant Undersecretary of International Financial Relations Sector at MoF; Majid Ali Omran, Director of MoF’s International Financial Relations Department along with members of the Grand Duchy of Luxembourg’s delegation.
By Staff writer On Monday, October 27th, 2014
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UAE and Luxembourg sign protocol to amend agreement on avoidance of double taxation and fiscal evasion

Khalid Ali Al Bustani, Assistant Undersecretary of International Financial Relations Sector at MoF; Majid Ali Omran, Director of MoF’s International Financial Relations Department along with members of the Grand More...

DEWA inspects progress at region's largest eco-friendly green workshop
By Staff writer On Sunday, October 26th, 2014
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DEWA awards AED108 million water transmission network contract

DEWA awards AED108 million water transmission network contract Dubai Electricity and Water Authority (DEWA) has awarded a AED 108 million contract to supply, extend, and launch a 16km main water distribution network More...

Drydocks World to carry out major repair on rig "High Island IV" for Shelf Drilling
By Staff writer On Sunday, October 26th, 2014
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Drydocks World to carry out major repair on rig “High Island IV” for Shelf Drilling

Drydocks World to carry out major repair on rig “High Island IV” for Shelf Drilling Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas, and energy sectors, More...

Abu Dhabi International Airport
By Staff writer On Sunday, October 26th, 2014
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Abu Dhabi International Airport sees 24% increase in traffic for September 2014

Abu Dhabi International Airport Abu Dhabi Airports, a public joint-stock company wholly owned by the Government of the Emirate of Abu Dhabi, has reported a 23.9% increase in passenger traffic during the month of More...

Emirates ID Card now integrated into Windows operating systems
By Staff writer On Sunday, October 26th, 2014
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Emirates ID Card now integrated into Windows operating systems

Emirates ID Card now integrated into Windows operating systems The credentials of individuals provided by the Emirates ID Card are now reliably embedded within the windows operating system, facilitating easier and More...

Qatargas Sells its First Cargo of LNG to JOVO, an Independent LNG Importer from China
By Staff writer On Sunday, October 26th, 2014
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Qatargas Sells its First Cargo of LNG to JOVO, an Independent LNG Importer from China

Qatargas Sells its First Cargo of LNG to JOVO, an Independent LNG Importer from China Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co., Ltd. (JOVO), an independent More...

Nakilat Achieved QR 693 Million Profit for The First Nine Months
By Staff writer On Sunday, October 26th, 2014
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Nakilat Achieved QR 693 Million Profit for The First Nine Months

Nakilat Achieved QR 693 Million Profit for The First Nine Months Qatar Gas Transport Company Limited (Nakilat) announced its financial results for the nine months period ended September 30th 2014, whereas the Company’s More...

5th Edition of Qatar Specifications for Construction 2014 to Open Tomorrow
By Staff writer On Sunday, October 26th, 2014
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5th Edition of Qatar Specifications for Construction 2014 to Open Tomorrow

5th Edition of Qatar Specifications for Construction 2014 to Open Tomorrow Under the patronage of HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani the two-day Conference More...

Qatar Airways is The Official Airline For Katara European Jazz Festival
By Staff writer On Sunday, October 26th, 2014
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Qatar Airways is The Official Airline For Katara European Jazz Festival

Qatar Airways is The Official Airline For Katara European Jazz Festival Qatar Airways is proud to be the Official Airline for the upcoming Katara European Jazz Festival, bringing together some of the finest performers More...

QNB
By Staff writer On Sunday, October 26th, 2014
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QNB: China’s Latest Stimulus Seems to Have Been Enough to Avoid a Hard Landing

QNB China’s latest stimulus measures seem to have been enough to avoid a hard landing. According to the National Bureau of Statistics (NBS), real GDP growth slowed to 7.3% in Q3 2014, which is broadly in line More...

GCC ministers, central banks' governors discuss joint policies
By Staff writer On Sunday, October 26th, 2014
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GCC ministers, central banks’ governors discuss joint policies

GCC ministers of financial and economic affairs and central banks’ governors began h GCC ministers, central banks’ governors discuss joint policies ere on Saturday a joint meeting, aimed at reaching More...

Christine Lagarde, International Monetary Fund chief
By Staff writer On Sunday, October 26th, 2014
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Global oil USD 25 decline will cause GDP eight pct drop for GCC

Christine Lagarde, International Monetary Fund chief International Monetary Fund chief Christine Lagarde warned on Saturday that a sustained USD 25 decline in global oil prices presents GCC states with a reduction More...

Jordan's Housing Bank posts USD 172.4 mln profit in nine months
By Staff writer On Sunday, October 26th, 2014
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Jordan’s Housing Bank posts USD 172.4 mln profit in nine months

Jordan’s Housing Bank posts USD 172.4 mln profit in nine months Jordan’s Housing Bank for Trade and Finance , about 19 percent of which is Kuwaiti-owned, has realized USD 172.4 million in profit during More...

Anas Al-Saleh, Minister of Finance
By Staff writer On Sunday, October 26th, 2014
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Finance Min. upbeat about GCC financial conditions

Anas Al-Saleh, Minister of Finance The strong financial conditions of the Gulf Cooperation Council (GCC) member states have effectively contributed to boosting their economic capabilities in face of challenges and More...

Women Leaders Debate Challenges of Achieving CEO and Member of the Board Status in the Oil & Gas Industry
By Staff writer On Saturday, October 25th, 2014
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Women Leaders Debate Challenges of Achieving CEO and Member of the Board Status in the Oil & Gas Industry

Women Leaders Debate Challenges of Achieving CEO and Member of the Board Status in the Oil & Gas Industry Government enforced quotas must work together with corporate policies and education to effectively boost More...

gdp-10657697
By Staff writer On Saturday, October 25th, 2014
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Seasonally adjusted government deficit down slightly to 2.5% of GDP in the euro area

Seasonally adjusted government deficit down slightly to 2.5% of GDP in the euro area In the second quarter of 2014, the seasonally adjusted1 general government deficit to GDP ratio stood at 2.5% in the euro area More...

RTA participates in PPP conference in Toronto, Canada focusing on infrastructure projects
By Staff writer On Saturday, October 25th, 2014
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RTA opens main traffic diversion on Dubai-bound Sheikh Zayed Road

Roads and Transport Authority ”RTA” The Roads and Transport Authority (RTA) has opened the main traffic diversion on the Sheikh Zayed Road following the full completion of the required works nearby Al More...

99th GCC financial, economic ministerial meeting kicks off
By Staff writer On Saturday, October 25th, 2014
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99th GCC financial, economic ministerial meeting kicks off

99th GCC financial, economic ministerial meeting kicks off The 99th meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee kicked off here on Friday. The ministerial gathering More...

Chinese President Xi Jinping, center, shows the way to the guests who attended the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing,
By Staff writer On Saturday, October 25th, 2014
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21 countries launch China-proposed Asia infrastructure bank

Chinese President Xi Jinping, center, shows the way to the guests who attended the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing, Up to 21 countries including More...

Meeting of the Committee of Governors of Monetary Agencies and Central Banks of the GCC countries
By Staff writer On Saturday, October 25th, 2014
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GCC keen on int’l oil markets’ stability – CBK Gov.

Meeting of the Committee of Governors of Monetary Agencies and Central Banks of the GCC countries The Gulf Cooperation Council’s (GCC) member countries are keen on maintaining stability of international oil More...

Nakilat Achieved QR 693 Million Profit for The First Nine Months
By Staff writer On Saturday, October 25th, 2014
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S&P Reaffirms Nakilat’s Credit Rating

S&P Reaffirms Nakilat’s Credit Rating Rating agency Standard & Poor’s (S&P) has reaffirmed Nakilat Inc’s corporate credit rating as AA- with a stable outlook. In a report published More...

Qatar Stock Exchange
By Staff writer On Saturday, October 25th, 2014
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Qatar Stock Index Gains 523.69 Points This Week

Qatar Stock Exchange Qatar Stock Exchange (QSE) index gained 523.69 points (+4.05%) this week when the bourse closed Thursday at 13,465.69 points. The trading value of QR 2,889,956,605.31 this week is an increase More...

Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry
By Staff writer On Saturday, October 25th, 2014
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HE Minister of Energy Meets Ecuadorian Official

Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry HE Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada met here Thursday with Ecuador’s Coordinating Minister of Strategic Sectors More...

Sheikh Ahmed bin Jassim bin Mohammed Al -Thani , Qatar's Minister of Economy and Trade  and  Eshaq Jahangiri Kouhshahi, First Vice President of the Islamic Republic of Iran
By Staff writer On Saturday, October 25th, 2014
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Qatari Minister of Economy and Trade Visits Iran

Sheikh Ahmed bin Jassim bin Mohammed Al -Thani , Qatar’s Minister of Economy and Trade and Eshaq Jahangiri Kouhshahi, First Vice President of the Islamic Republic of Iran Qatar’s Minister of Economy More...

Value of stocks bought by foreign investors on DFM reach over AED 2.6bn in a week
By Staff writer On Friday, October 24th, 2014
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Value of stocks bought by foreign investors on DFM reach over AED 2.6bn in a week

Value of stocks bought by foreign investors on DFM reach over AED 2.6bn in a week Dubai Financial Market ( DFM ) announced that the value of shares bought by foreign investors, or non-UAE nationals, from 19th to More...

ENOC reduces diesel retail price by 20 fils to AED 3.50 per litre
By Staff writer On Friday, October 24th, 2014
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ENOC reduces diesel retail price by 20 fils to AED 3.50 per litre

ENOC reduces diesel retail price by 20 fils to AED 3.50 per litre Emirates National Oil Company (ENOC) has reduced the price of diesel by 20 fils to AED 3.50 per litre, effective as of October 21, 2014. The revised More...

International Air Transport Association
By Staff writer On Friday, October 24th, 2014
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Five-year forecast shows improved outlook for UAE air cargo

International Air Transport Association The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a compound annual More...

Etihad Airways to increase frequency of new Dallas service
By Staff writer On Friday, October 24th, 2014
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Etihad Airways to increase frequency of new Dallas service

Etihad Airways to increase frequency of new Dallas service Etihad Airways, the national airline of the U.A.E., is to increase the frequency of its new service to Dallas Fort Worth in the United States to daily from More...

Deyaar registers 94% increase in consolidated net profits for Q3 2014
By Staff writer On Friday, October 24th, 2014
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Deyaar registers 94% increase in consolidated net profits for Q3 2014

Deyaar registers 94% increase in consolidated net profits for Q3 2014 Dubai-based developer Deyaar Development PJSC has reported a consolidated net profit of AED78.47 million for the third quarter of 2014, up by More...

Finance House nets AED81.3m in the first nine months of 2014
By Staff writer On Friday, October 24th, 2014
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Finance House nets AED81.3m in the first nine months of 2014

Finance House nets AED81.3m in the first nine months of 2014 Finance House PJSC, an Abu Dhabi-based finance company, has registered a robust consolidated net-profit of AED81.3 million for the nine months ended 30th More...

Oil
By Staff writer On Friday, October 24th, 2014
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OPEC daily basket price for Wednesday, 22 October 2014

Oil The price of OPEC’s basket of twelve crudes stood at US$81.94 a barrel on Wednesday, compared with $82.09 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket of More...

IREIS 2014 to woo investors to State of Kerala
By Staff writer On Friday, October 24th, 2014
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IREIS 2014 to woo investors to State of Kerala

IREIS 2014 to woo investors to State of Kerala The sixth edition of International Real Estate and Investment Show (IREIS 2014), the only dedicated real estate event that targets investors and end-users rather than More...

Kuwait Finance House
By Staff writer On Friday, October 24th, 2014
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KFH posts net profits of KD 90.1mln for first nine months of 2014

Kuwait Finance House Kuwait Finance House (KFH) Chairman Hamad Al-Marzouq stated Thursday that KFH has achieved total operating income of KD 475.2 million as of the end of the third quarter 2014, and a net profit More...

US dollar, Kuwaiti dinar
By Staff writer On Friday, October 24th, 2014
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USD up against Kuwaiti dinar at KD 0.289

US dollar, Kuwaiti dinar The USD exchange went up against the Kuwaiti dinar, on Thursday, at KD 0.289, while the Euro went down to KD 0.365, compared with Wednesday’s rates. The Sterling exchange rate also More...

DP World Reports 8.9% Volume Growth In 2014
By Staff writer On Wednesday, October 22nd, 2014
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DP World welcomes first scheduled vessel to new terminal

DP World welcomes first scheduled vessel to new terminal DP World today welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art More...

BP Middle East inaugurates new regional HQ in Dubai
By Staff writer On Wednesday, October 22nd, 2014
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BP Middle East inaugurates new regional HQ in Dubai

BP Middle East inaugurates new regional HQ in Dubai BP Middle East on Wednesday inaugurated its new regional HQ in Dubai under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation More...

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