Date archive forNovember, 2014
Abdelilah Benkirane, Morocco Prime Minister and Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Trade
By Staff writer On Sunday, November 30th, 2014
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Moroccan Prime Minister Meets Minister of Economy and Trade

Abdelilah Benkirane, Morocco Prime Minister and Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Trade Moroccan Prime Minister Abdelilah Benkirane has met with HE the Minister of Economy and Trade More...

QNCC to Host Project Qatar 2015 in May
By Staff writer On Sunday, November 30th, 2014
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QNCC to Host Project Qatar 2015 in May

QNCC to Host Project Qatar 2015 in May The 12th International Construction Technology & Building Materials Exhibition is set to take place at the Qatar National Convention Centre (QNCC), from 4 to 7 May 2015. More...

Kuwaiti oil price crude barrel down to USD 50.78 pb
By Staff writer On Sunday, November 30th, 2014
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QNB Group: Lower Oil Prices Change the Risk Profile in Emerging Markets

QNB Group: Lower Oil Prices Change the Risk Profile in Emerging Markets The recent drop in oil prices is changing the risk profile of Emerging Markets (EMs). Significant adjustments to global financial markets in More...

Qatar Chamber of Commerce Committed to Enhance Private Sector
By Staff writer On Sunday, November 30th, 2014
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Qatar Chamber to Hold Consultative Meeting with HE Prime Minister

Qatar Chamber to Hold Consultative Meeting with HE Prime Minister Qatar Chamber of Commerce and Industry announced Saturday it will hold the sixth consultative meeting with HE Prime Minister and Minister of Interior More...

Blue-chip stocks witnessed strong selling last week
By Staff writer On Sunday, November 30th, 2014
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Blue-chip stocks witnessed strong selling last week

Blue-chip stocks witnessed strong selling last week Kuwait Stock Exchange (KSE) ended last week with mixed performance. The Price Index closed at 6,986.68 points, up by 0.01 percent from the week before closing, More...

oil barrel
By Staff writer On Sunday, November 30th, 2014
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Kuwait crude oil price down to USD 67.09 pb

oil barrel Price of Kuwait crude oil per barrel went down by USD 2.80 to USD 67.09 pb in Friday’s trading compared to USD 69.89 pb on Thursday, Kuwait Petroleum Corporation (KPC) said here on Saturday. At More...

Kuwait Stock Exchange (KSE)
By Staff writer On Sunday, November 30th, 2014
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Profit bagging, hefty speculations dampened past week’s stock trades

Kuwait Stock Exchange (KSE) Generation of profits, shifting investment funds from one portfolio to another and hefty speculations played major role in pushing the Kuwait Stock Exchange (KSE) indexes down in the More...

Abdullah Al-Owaisi, Assistant Undersecretary for International Organizations and External Trade at Kuwait's Commerce and Industry Ministry and Mounir Fakhry Abdel Nour, Egyptian Trade and Industry Minister
By Staff writer On Sunday, November 30th, 2014
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Kuwait keen to boost trade, industrial relations with Egypt

Abdullah Al-Owaisi, Assistant Undersecretary for International Organizations and External Trade at Kuwait’s Commerce and Industry Ministry and Mounir Fakhry Abdel Nour, Egyptian Trade and Industry Minister Kuwait More...

Rotana Jet launches flights from Abu Dhabi to Kuwait
By Staff writer On Sunday, November 30th, 2014
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Rotana Jet launches flights from Abu Dhabi to Kuwait

Rotana Jet launches flights from Abu Dhabi to Kuwait Rotana Jet announced today that it would operate four daily flights to Kuwait, its fourth destination in the GCC and the 11th in its operations network, as of More...

Oil
By Staff writer On Saturday, November 29th, 2014
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Kuwait crude oil price drops to USD 69.89 pb

Oil Price of Kuwait crude oil per barrel dropped by USD 2.03 to stand at USD 69.89 pb in Thursday’s trading compared to USD 71.92 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday. Meanwhile, More...

Oranisation of Islamic Cooperation Standing Committee for Economic and Trade Cooperation (COMCEC)
By Staff writer On Saturday, November 29th, 2014
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OIC’s COMCEC talks focus on trade, tourism cooperation

Oranisation of Islamic Cooperation Standing Committee for Economic and Trade Cooperation (COMCEC) The Oranisation of Islamic Cooperation Standing Committee for Economic and Trade Cooperation (COMCEC) ended its talks More...

Sami Al-Saqubi, Assistant Undersecretary for Economic Affairs
By Staff writer On Saturday, November 29th, 2014
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Tourism major source of income for Islamic nations

Sami Al-Saqubi, Assistant Undersecretary for Economic Affairs The importance of developing the tourism sector to the income of member nations of the Organisation of Islamic Cooperation (OIC) was stressed by a Kuwaiti More...

RTA scoops Sheikh Khalifa Excellence Award in Service Sector
By Staff writer On Saturday, November 29th, 2014
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RTA accomplishes project to protect metro viaducts, bridges from over-height vehicles

RTA accomplishes project to protect metro viaducts, bridges from over-height vehicles The Roads and Transport Authority (RTA) has completed all works related to the project of protecting metro viaducts and elevated More...

Emirates to launch three new A380 destinations within three days
By Staff writer On Saturday, November 29th, 2014
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Emirates to launch three new A380 destinations within three days

Emirates to launch three new A380 destinations within three days Emirates, a global connector of places, people and their passions, is set to score a hat-trick next week as the airline prepares for the launch of More...

GOIC: GCC Food Industry Investments Valued at $18.1 Billion in 2013
By Staff writer On Friday, November 28th, 2014
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GOIC Holds Workshop on “Occupational Safety in Firms” in Dubai

GOIC Holds Workshop on “Occupational Safety in Firms” in Dubai Gulf Organization for Industrial Consulting (GOIC) will hold a workshop on occupational safety in firms in Dubai from December 8 to 11 as More...

Anas Al Saleh, Finance Minister
By Staff writer On Friday, November 28th, 2014
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Finance Minister arrives in Turkey to attend COMCEC talks

Anas Al Saleh, Finance Minister Finance Minister Anas Al-Saleh arrived here on Wednesday to head Kuwait’s delegation at the Standing Committee for Economic and Commercial Cooperation of the Organisation of More...

Kuwait-Egypt trade volume hit USD 3.2 bln
By Staff writer On Friday, November 28th, 2014
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Kuwait-Egypt trade volume hit USD 3.2 bln

Kuwait-Egypt trade volume hit USD 3.2 bln Egyptian Ambassador to Kuwait Abdulkarim Suleiman said Wednesday evening the bilateral trade volume grew to USD 405 million a year, excluding the value of Egypt’s More...

US dollar, Kuwaiti dinar
By Staff writer On Friday, November 28th, 2014
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US dollar stable at KD 0.291 against Kuwaiti dinar

US dollar, Kuwaiti dinar The exchange rate of the US dollars against the Kuwaiti dinar was stable at KD 0.291 on Thursday, the same with the euro at KD 0.363, compared to yesterday’s exchange rates. The Central More...

Kuwait Stock Exchange
By Staff writer On Friday, November 28th, 2014
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Kuwait Stock Exchange ends Thursday in red zone

Kuwait Stock Exchange Kuwait Stock Exchange ended Thursday’s session in the red zone as the weighted index came to 463.48 points losing 2.29 points, the price index reached 6,986.68 points, losing 32.93 points More...

BRF opens new plant at Kizad
By Staff writer On Friday, November 28th, 2014
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BRF opens new plant at Kizad

BRF opens new plant at Kizad BRF (Brasil Foods), one of the biggest food companies in the world, officially opened a new AED 588m (US$160m) factory at Kizad, Abu Dhabi today. The opening ceremony of the largest More...

Kuwaiti oil price crude barrel down to USD 50.78 pb
By Staff writer On Friday, November 28th, 2014
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OPEC daily basket price on Wednesday 26th November

OPEC daily basket price on Wednesday 26th November The price of OPEC’s basket of twelve crudes stood at US $73.70 a barrel on Wednesday, compared with US$74.28 the previous day, according to OPEC Secretariat More...

Etihad Airways, Scandinavian Airlines 'SAS'  announce codeshare plan
By Staff writer On Friday, November 28th, 2014
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Etihad Airways and SAS announce codeshare plans

Etihad Airways, Scandinavian Airlines ‘SAS’ announce codeshare plan Etihad Airways, the national airline of the United Arab Emirates has announced codeshare operations with SAS, Scandinavia’s leading More...

Etihad Airways and Air Seychelles enhance connectivity with new Abu Dhabi-Seychelles schedule
By Staff writer On Friday, November 28th, 2014
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Etihad Airways and Air Seychelles enhance connectivity with new Abu Dhabi-Seychelles schedule

Etihad Airways and Air Seychelles enhance connectivity with new Abu Dhabi-Seychelles schedule Etihad Airways and Air Seychelles today announced changes to their flight schedules on the Abu Dhabi-Seychelles route, More...

Mahmood Al Bastaki, Dubai Trade CEO and Mr. Andrew Greenwood, Acting CEO of Noor Takaful
By Staff writer On Friday, November 28th, 2014
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Noor Takaful to join Dubai Trade Online Cargo Insurance e-Service “Tradeshield”

Mahmood Al Bastaki, Dubai Trade CEO and Mr. Andrew Greenwood, Acting CEO of Noor Takaful Dubai Trade, DT, has signed an agreement with Noor Takaful, giving its customers access to an Islamic insurer for the first More...

US dollar, Kuwaiti Dinar
By Staff writer On Thursday, November 27th, 2014
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US dollar stable at KD 0.291 against Kuwaiti dinar

US dollar, Kuwaiti Dinar The exchange rate of the US dollars against the Kuwaiti dinar was stable at KD 0.291 on Wednesday, while the euro was went up by KD 0.363 compared to yesterday’s exchange rates. The More...

Kuwait Stock Exchange
By Staff writer On Thursday, November 27th, 2014
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Kuwait stocks mixed

Kuwait Stock Exchange The Kuwait Stock Exchange (KSE) closed up with mixed trading on Wednesday, as the price index went down by 7.47 points to 7019.61 points and the weighted and KSX 15 indexes fell by 2.12 and More...

Saeed G Al Romaithi, Emirates Steel , chief executive officer and Sheikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi Crown Prince's Court
By Staff writer On Thursday, November 27th, 2014
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Emirates Steel wins SKEA Gold Award

Saeed G Al Romaithi, Emirates Steel , chief executive officer and Sheikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi Crown Prince’s Court UAE top steelmaker Emirates Steel today announced that it has been More...

US dollar, Kuwaiti dinar
By Staff writer On Thursday, November 27th, 2014
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KD down against USD, up before other major currencies

US dollar, Kuwaiti dinar The Kuwaiti dinar (KD), which is pegged to a basket of major currencies, has strengthened somewhat over the last few months, in large part due to the stronger dollar, according to a report More...

Jebel Ali Free Zone Authority, Jafza
By Staff writer On Thursday, November 27th, 2014
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Jafza wins Sheikh Khalifa Excellence Award

Jafza wins Sheikh Khalifa Excellence Award Jebel Ali Free Zone,Jafza, Dubai’s flagship Free Zone business, has won the prestigious Sheikh Khalifa Excellence Award – Diamond Category. The award was presented More...

Tourism and Culture Authority, TCA Abu Dhabi
By Staff writer On Thursday, November 27th, 2014
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Abu Dhabi to undertake its largest overseas promotion campaign in 2015

Tourism and Culture Authority, TCA Abu Dhabi Abu Dhabi is planning its largest overseas promotion campaign to date taking in 24 trade exhibitions and 13 road shows across 34 cities in 25 countries, an official of More...

oil barrel
By Staff writer On Thursday, November 27th, 2014
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OPEC daily basket price stood at US$74.28 a barrel on Tuesday,

oil barrel The price of OPEC’s basket of twelve crudes stood at US$74.28 a barrel on Tuesday, compared with $75.70 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket More...

Department of Finance hosts second Abu Dhabi Government ERP System Users Forum
By Staff writer On Thursday, November 27th, 2014
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Department of Finance hosts second Abu Dhabi Government ERP System Users Forum

Department of Finance hosts second Abu Dhabi Government ERP System Users Forum The Department of Finance-Abu Dhabi, DoF, hosted its second Abu Dhabi ERP System, ADERP, Users Forum earlier this week, which was attended More...

DP to host National Day sales event to meet increasing customer demand
By Staff writer On Thursday, November 27th, 2014
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DP to host National Day sales event to meet increasing customer demand

DP to host National Day sales event to meet increasing customer demand In response to growing customer demand across its portfolio, Dubai Properties (DP) has announced plans to host a sales event with exclusive More...

Humaid Matar Al Dhaheri, acting group CEO of ADNIC
By Staff writer On Thursday, November 27th, 2014
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ADNEC expects 51 percent Emiratisation of workforce

Humaid Matar Al Dhaheri, acting group CEO of ADNIC Abu Dhabi National Exhibitions Company today announced that it has achieved 50 percent Emiratisation in its total workforce, raising the number of Emirati employees More...

The Securities and Commodities Authority (SCA)
By Staff writer On Thursday, November 27th, 2014
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Financial Markets to close Tuesday, Wednesday and resume transactions on Thursday to mark 43rd national day anniversary

The Securities and Commodities Authority (SCA) The Securities and Commodities Authority (SCA), has announced that the Abu Dubai Securities Market, the Dubai Financial Market will close on Tuesday and Wednesday, More...

Jassim bin Saif Al Sulaiti, Minister of Transport and Jabara bin Eid Al Suraiseri, Saudi Minister of Transpor
By Staff writer On Wednesday, November 26th, 2014
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Minister of Transport Meets Saudi Counterpart

Jassim bin Saif Al Sulaiti, Minister of Transport and Jabara bin Eid Al Suraiseri, Saudi Minister of Transpor HE Minister of Transport Jassim bin Saif Al Sulaiti met here this evening with his Saudi counterpart More...

oil barrel
By Staff writer On Wednesday, November 26th, 2014
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Kuwait crude oil price up to USD 74.38 pb

oil barrel Price of Kuwait crude oil per barrel hiked by 73 cents to USD 74.38 pb in Monday’s trading compared to USD 73.65 pb on Friday, Kuwait Petroleum Corporation (KPC) said here on Tuesday. At global More...

Kuwait Stock Exchange
By Staff writer On Wednesday, November 26th, 2014
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KSE ends trading in red

Kuwait Stock Exchange Kuwait Stock Exchange ended Tuesday’s session in the red zone as the weighted index recorded 463.65 points, losing 3.9 points, the price index reached 7,027.08 points, losing 20.19 points More...

International Telecommunication Union
By Staff writer On Wednesday, November 26th, 2014
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Kuwait organizes telecom forum in partnership with ITU

International Telecommunication Union Recommendations coming out of the forum being held here on telecommunications organized by Kuwait and the International Telecommunication Union (ITU) will help develop this More...

NQA endorses 57 occupational standards applicable to construction and agriculture sectors
By Staff writer On Wednesday, November 26th, 2014
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NQA endorses 57 occupational standards applicable to construction and agriculture sectors

NQA endorses 57 occupational standards applicable to construction and agriculture sectors The Quality and Conformity Council, QCC, has announced that the National Qualifications Authority, NQA, has endorsed 57 occupational More...

OPEC
By Staff writer On Wednesday, November 26th, 2014
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OPEC daily basket price announced for Monday

OPEC The price of OPEC basket of twelve crudes stood at 75.70 dollars a barrel on Monday, compared with $75.42 the previous Friday, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

TRA hosts 6th Next Generation Network Forum
By Staff writer On Wednesday, November 26th, 2014
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TRA hosts 6th Next Generation Network Forum

TRA hosts 6th Next Generation Network Forum The UAE Telecommunications Regulatory Authority, TRA, hosted the sixth Next Generation Network (NGNae) Forum at its Dubai headquarters in attendance with the representatives More...

ADX lists National Investor in Second Market
By Staff writer On Wednesday, November 26th, 2014
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ADX lists National Investor in Second Market

ADX lists National Investor in Second Market Abu Dhabi Securities Exchange, ADX, today announced the listing of National Investor in the Exchange’s Second Market for private companies under the symbol TNI. The More...

UAE calls for updating mechanisms of Arab Financial Markets
By Staff writer On Wednesday, November 26th, 2014
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UAE calls for updating mechanisms of Arab Financial Markets

UAE calls for updating mechanisms of Arab Financial Markets The UAE has called on the Arab Financial Markets to further update mechanisms that commensurate with the needs of investors and market conditions through More...

UAE, Japan Double Taxation Avoidance Agreement comes into effect on Dec. 24
By Staff writer On Wednesday, November 26th, 2014
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UAE, Japan Double Taxation Avoidance Agreement comes into effect on Dec. 24

UAE, Japan Double Taxation Avoidance Agreement comes into effect on Dec. 24 The Ministry of Foreign Affairs (MoFA) yesterday exchanged diplomatic memos with the Embassy of Japan on the implementation of the Double More...

World Future Energy Summit 2015
By Staff writer On Tuesday, November 25th, 2014
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Renewable energy investment opportunities in Middle East, Africa, are focus at World Future Energy Summit 2015

World Future Energy Summit 2015 Unlocking the growing clean energy investment opportunities of the Middle East and Africa – two of the world’s most promising renewable energy markets – will be a key focus More...

Qatar Insurance to Issue Convertible Bonds Worth QR 910 Million
By Staff writer On Tuesday, November 25th, 2014
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Qatar Insurance to Issue Convertible Bonds Worth QR 910 Million

Qatar Insurance to Issue Convertible Bonds Worth QR 910 Million Qatar Insurance Company (QIC) will issue five-year term convertible bonds worth QR 910 Million (US $250M). The bonds can be converted fully into paid More...

Qatar Tourism Authority Launches Helicopter Tours
By Staff writer On Tuesday, November 25th, 2014
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Qatar Tourism Authority Launches Helicopter Tours

Qatar Tourism Authority Launches Helicopter Tours Qatar Tourism Authority (QTA) Monday launched helicopter sightseeing tours in and around Qatar under the name Samana (Our Skies in Arabic) along with Gulf Helicopters More...

HE Sheikh Abdullah bin Saud Al-Thani , Governor of Qatar Central Bank (QCB)
By Staff writer On Tuesday, November 25th, 2014
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QCB Governor Reaffirms Strength of Qatar’s Banking Sector

HE Sheikh Abdullah bin Saud Al-Thani , Governor of Qatar Central Bank (QCB) Qatar’s banking sector has performed superbly despite challenges facing the global financial sector, Qatar Central Bank (QCB) Governor More...

Qatar Airways Signs MoU with Capital of China's Sichuan Province
By Staff writer On Tuesday, November 25th, 2014
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Qatar Airways Signs MoU with Capital of China’s Sichuan Province

Qatar Airways Signs MoU with Capital of China’s Sichuan Province Qatar Airways Group Chief Executive Akbar Al Baker, and Chairman of Qatar Tourism Authority Engineer Issa Al Mohannadi met with a delegation More...

Us Dollar, Kuwaiti Dinar
By Staff writer On Tuesday, November 25th, 2014
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US dollar stable at KD 0.291 against Kuwaiti dinar

Us Dollar, Kuwaiti Dinar The exchange rate of the US dollars against the Kuwaiti dinar was stable at KD 0.291 on Monday, while the euro was stable at KD 0.360 compared to Sunday. The Central Bank of Kuwait said More...

Hind Al-Sabeeh, Minister of Social Affairs and Labor and Minister of State for Planning and Development
By Staff writer On Tuesday, November 25th, 2014
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Development plan unveils imbalances in different domains

Hind Al-Sabeeh, Minister of Social Affairs and Labor and Minister of State for Planning and Development The previous development plan unveiled some imbalances in different domains, primarily the poor contribution More...

kuwait stock exchange
By Staff writer On Tuesday, November 25th, 2014
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Kuwait Stock Exchange ends Monday in green zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Monday’s session in the green zone as the weighted index came to 467.55 points, gaining 1.11 points, the price index reached 7,047.27 points, gaining More...

Drydocks wins Shipyard of year Award from Lloyd’s List
By Staff writer On Tuesday, November 25th, 2014
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Drydocks wins Shipyard of year Award from Lloyd’s List

Drydocks wins Shipyard of year Award from Lloyd’s List Drydocks World the international service provider to the maritime, oil, gas and energy sectors has received the Lloyd’s List Shipyard of the year Award. The More...

oil
By Staff writer On Tuesday, November 25th, 2014
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OPEC daily basket price stood at US $75.42 a barrel on Friday

oil barrels The price of OPEC’s basket of twelve crudes stood at US$75.42 a barrel on Friday, compared with $74.03 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

Etisalat launches Emerald plan for UAE’s business elite
By Staff writer On Tuesday, November 25th, 2014
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Etisalat launches Business Quick Start

Etisalat launches Business Quick Start Etisalat announced today the launch of “Business Quick Start” – the first in a series of Etisalat’s integrated “Business in a Box” solution that More...

Mr. Khalid Bin Kalban, Managing Director and CEO of Dubai Investments and Dr. Michel Najjar, Dean of the University of Balamand
By Staff writer On Tuesday, November 25th, 2014
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Dubai Investments signs MoU with University of Balamand

Mr. Khalid Bin Kalban, Managing Director and CEO of Dubai Investments and Dr. Michel Najjar, Dean of the University of Balamand Dubai Investments, DI, and the University of Balamand, UOB, a non-profit higher education More...

Christopher Fix, Chief Executive Officer of DME
By Staff writer On Tuesday, November 25th, 2014
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DME, Korea Exchange announce cooperation

Christopher Fix, Chief Executive Officer of DME The DME, the premier energy futures and commodities exchange in the Middle East, and Korea Exchange, KRX, the leading North Asian equities and derivatives operator, More...

ADNOC takes full ownership of IRSHAD
By Staff writer On Tuesday, November 25th, 2014
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ADNOC Distribution hosts IATA Fuel Quality Pool Workshop and supports three-day IATA Fuel Forum

ADNOC Distribution hosts IATA Fuel Quality Pool Workshop and supports three-day IATA Fuel Forum ADNOC Distribution has successfully hosted this year’s edition of the IATA Fuel Quality Pool (IFQP) Workshop, drawing More...

Gulf Petrochemicals & Chemicals Association (GPCA)
By Staff writer On Tuesday, November 25th, 2014
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GCC Petrochemical Revenues Hit US$89.4 billion in 2013

Gulf Petrochemicals & Chemicals Association (GPCA) Petrochemicals revenues reached an all-time high in 2013 hitting the US$89.4 billion mark, the latest industry report by the Gulf Petrochemicals & Chemicals More...

Abdulaziz bin Nasser Al Khalifa, QDC CEO
By Staff writer On Monday, November 24th, 2014
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QDB Partner Banks Fund 25 Projects With QR 130 Million in 2014

Abdulaziz bin Nasser Al Khalifa, QDC CEO Qatar Development Bank (QDB) Sunday said its Al Dhameen indirect lending (guarantees) has funded 25 projects in 2014 for a total value of QR 130 Million through partner banks. Overall More...

Qatar Stock Exchange
By Staff writer On Monday, November 24th, 2014
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Qatar Stock Index Drops 91.12 Points

Qatar Stock Exchange Qatar Stock Exchange index declined 91.12 points (-0.66%) when the bourse closed at 13,754.89 points Sunday. The trading value declined to QR 599.48 Million from QR 798.75 Million on Thursday. The More...

Qatar Airways Named Best Middle East Airline Serving China
By Staff writer On Monday, November 24th, 2014
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Qatar Airways Named Best Middle East Airline Serving China

Qatar Airways Named Best Middle East Airline Serving China Qatar Airways has been honored for the third year in a row as Best Middle East Airline Serving China at the 2014 Business Traveller China Awards. This accolade More...

Euromoney Qatar Conference Begins Tomorrow
By Staff writer On Monday, November 24th, 2014
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Euromoney Qatar Conference Begins Tomorrow

Euromoney Qatar Conference Begins Tomorrow The 3rd annual Euromoney Qatar Conference will begin tomorrow (Monday) at the Ritz Carlton Doha. The two-day Euromoney Qatar Conference will bring together the world’s More...

Qatar Chamber of Commerce Committed to Enhance Private Sector
By Staff writer On Monday, November 24th, 2014
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Qatar Chamber Discuss Cooperation with Philippine Delegation

Qatar Chamber Discuss Cooperation with Philippine Delegation Qatar Chamber of Commerce and Industry discussed during a meeting today with a Philippine delegation, now visiting Doha, the promotion of trade and investment More...

Abdulmohsen Al-Madaj, Deputy Prime Minister and Minister of Commerce and Industry and Jaime Garcia-Legaz, Spain's  Secretary of State for Trade
By Staff writer On Monday, November 24th, 2014
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Kuwait, Spain mull bilateral cooperation

Abdulmohsen Al-Madaj, Deputy Prime Minister and Minister of Commerce and Industry and Jaime Garcia-Legaz, Spain’s Secretary of State for Trade Deputy Prime Minister and Minister of Commerce and Industry Abdulmohsen More...

Kuwait, Brunei
By Staff writer On Monday, November 24th, 2014
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Trade exchange with Brunei below expectation

Kuwait, Brunei Trade exchange between Kuwait and Brunei, which is estimated at USD 6 billion, is below the aspired levels regarding the bilateral historical ties, a senior Finance Ministry official said on Sunday. There More...

kuwait stock exchange
By Staff writer On Monday, November 24th, 2014
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All KSE indices rise at closing of Sunday’s session

kuwait stock exchange Main indexes of Kuwait Stock Exchange (KSE) increased upon closing Sunday’s session, with the Weighted Index standing at 466.44, gaining 0.11 points. Price Index moved up to 6,995.16, More...

US dollar, Kuwaiti dinar
By Staff writer On Monday, November 24th, 2014
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USD rises vis a a vis Kuwaiti dinar

US dollar, Kuwaiti dinar The USD exchange climbed against the Kuwaiti dinar reaching KD 0.291 and the euro dropped to KD 0.360 on Sunday compared with Thursday’s rates, the Central Bank of Kuwait (CBK) said. The More...

Jersey Finance bolsters business development team in Middle East
By Staff writer On Monday, November 24th, 2014
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Jersey Finance bolsters business development team in Middle East

Jersey Finance bolsters business development team in Middle East Jersey Finance is ramping up its capabilities across the Middle East and India region by adding senior business development resources to its activities More...

EcoWASTE 2015 to attract major international companies
By Staff writer On Monday, November 24th, 2014
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EcoWASTE 2015 to attract major international companies

EcoWASTE 2015 to attract major international companies The upcoming edition of EcoWASTE, a platform dedicated to showcasing next generation waste management and recycling solutions, will gather some of the biggest More...

Bee’ah showcases Recycled Construction Materials and Eco-Products at Big 5 show
By Staff writer On Monday, November 24th, 2014
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Bee’ah showcases Recycled Construction Materials and Eco-Products at Big 5 show

Bee’ah showcases Recycled Construction Materials and Eco-Products at Big 5 show Bee’ah, The Sharjah Environment Company, showcased its latest technologically-innovative recycled construction materials and eco-products More...

Emaar
By Staff writer On Monday, November 24th, 2014
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Emaar’s OGM to approve special cash dividend of AED 9 bn /US$ 2.45 bn/ for shareholders on Monday

Emaar Emaar Properties PJSC has called for an Ordinary General Meeting (OGM) of its Board and shareholders on Monday 5pm at The Address Dubai Mall in Downtown Dubai to approve the proposal by the Board of Directors More...

QNB, Monthly Banking Sector Report
By Staff writer On Sunday, November 23rd, 2014
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QNB Financial Services Issues Monthly Banking Sector Report

QNB, Monthly Banking Sector Report The monthly report for Qatar National Bank (QNB) Financial Services for the Qatari banking sector, showed that total bank lending fell in the month of October 2014 by 2 percent More...

Qatar Airways Reveals Amsterdam as First New Destination for 2015
By Staff writer On Sunday, November 23rd, 2014
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Qatar Airways CEO Addresses Key Issues at AACO Meeting

Qatar Airways CEO Addresses Key Issues at AACO Meeting During the Arab Air Carriers Organization (AACO) 47th Annual Meeting, Qatar Airways Group Chief Executive, Akbar Al-Baker, Chairman of the Executive Committee, More...

Economy Minister Inaugurates Final Design of Qatar Pavilion for Milan Expo 2015
By Staff writer On Sunday, November 23rd, 2014
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Economy Minister Inaugurates Final Design of Qatar Pavilion for Milan Expo 2015

Economy Minister Inaugurates Final Design of Qatar Pavilion for Milan Expo 2015 HE Minister of Economy and Trade Sheikh Ahmed bin Jassim bin Mohammed Al -Thani inaugurated here this morning the final design of the More...

Dr. Abdullah bin Saleh Al-Khulaifi, Minister of Labour and Social Affairs met here today with Rosalinda Baldoz, Philippines Labour Secretary
By Staff writer On Sunday, November 23rd, 2014
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Labour Minister Meets Philippines Labour Secretary

Dr. Abdullah bin Saleh Al-Khulaifi, Minister of Labour and Social Affairs met here today with Rosalinda Baldoz, Philippines Labour Secretary HE Minister of Labour and Social Affairs Dr. Abdullah bin Saleh Al-Khulaifi More...

Barwa Bank Net Profit Rises by 43% in 3Q of 2014
By Staff writer On Sunday, November 23rd, 2014
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Barwa Bank Net Profit Rises by 43% in 3Q of 2014

Barwa Bank Net Profit Rises by 43% in 3Q of 2014 Barwa Bank has announced its financial results for the third quarter of 2014. The results show an increase in the bank’s net profit by 43% to reach QAR 641mn More...

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy Attends Expo Milano 2015
By Staff writer On Sunday, November 23rd, 2014
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HE Minister of Economy Attends Expo Milano 2015

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy Attends Expo Milano 2015 HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed Al-Thani expressed Saturday his delight at participating More...

Ashghal Organizes Community Event on Developments of Rawdat Al Khail Street Extension Project
By Staff writer On Sunday, November 23rd, 2014
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Ashghal Organizes Community Event on Developments of Rawdat Al Khail Street Extension Project

Ashghal Organizes Community Event on Developments of Rawdat Al Khail Street Extension Project The Public Works Authority (Ashghal) in collaboration with Al Jabir Transport and General Contracting Company organized More...

Kuwait Stock Exchange
By Staff writer On Sunday, November 23rd, 2014
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Oil price drop sends KSE into tailspin

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended last week in the red zone, amid strong selling pressures due to traders’ fear of a continued economic deterioration in light of the continued decline More...

Kuwait to host 14th meeting on GCC e-government
By Staff writer On Sunday, November 23rd, 2014
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Kuwait to host 14th meeting on GCC e-government

Kuwait to host 14th meeting on GCC e-government Kuwait, represented by the Central Agency for Information Technology (CAIT), will host the 14th meeting of the GCC e-Government Executive Committee on November 24-25. “Kuwait More...

Abu Dhabi Fund for Development to finance key infrastructure projects in Madagascar
By Staff writer On Sunday, November 23rd, 2014
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Abu Dhabi Fund for Development to finance key infrastructure projects in Madagascar

Abu Dhabi Fund for Development to finance key infrastructure projects in Madagascar Abu Dhabi Fund for Development (ADFD), is set to extend AED110 million in soft loans to the Republic of Madagascar for the construction More...

Oil
By Staff writer On Saturday, November 22nd, 2014
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Kuwait crude oil price drops to USD 72.24 pb

Oil Price of Kuwait crude oil per barrel dropped USD 0.16 to USD 72.24 pb in Thursday’s trading compared to USD 72.40 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday. The drop in global More...

Egyptian bourse
By Staff writer On Saturday, November 22nd, 2014
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Egyptian bourse loses 14 billion pounds

Egyptian bourse The Egyptian bourse incurred heavy losses exceeding 14.4 billion Egyptian pounds in the past week trades, putting the market capital in the range of 525 billion pounds, as compared to 539.3 billion More...

5th Global Entrepreneur Summit 2014
By Staff writer On Saturday, November 22nd, 2014
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Global Entrepreneur Summit witnesses launch of youth employment initiative

5th Global Entrepreneur Summit 2014 INJAZ Al-Arab organization has launched Friday a broad initiative to help address the growing unemployment rates among youth in the Middle East and North Africa (MENA) region. The More...

Kuwait's participation in Global Entrepreneur Summit successful
By Staff writer On Saturday, November 22nd, 2014
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Kuwait’s participation in Global Entrepreneur Summit successful

Kuwait’s participation in Global Entrepreneur Summit successful CEO of the Future group Abrar Al-Mas’oud lauded as successful Kuwait’s participation in the Fifth Global Entrepreneurship Summit More...

Arab-Belgian-Luxembourg Economic Forum
By Staff writer On Saturday, November 22nd, 2014
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UAE envoy participates in Arab-Belgian-Luxembourg Economic Forum

Arab-Belgian-Luxembourg Economic Forum Sulaiman Hamed Al Mazroui, UAE Ambassador to Belgium and the Grand Duchy of Luxembourg and European Union, took part in the 9th Arab-Belgian-Luxembourg Economic Forum in the More...

Etihad Airways
By Staff writer On Saturday, November 22nd, 2014
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Etihad Airways named CAPA Airline of the year

Etihad Airways named CAPA Airline of the year Etihad Airways has been named CAPA Airline of the Year at the CAPA Aviation Awards for Excellence 2014 held in Antwerp, Belgium tonight. The CAPA Aviation Awards for More...

OPEC
By Staff writer On Saturday, November 22nd, 2014
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OPEC daily basket price stood at $74.03 a barrel Thursday

OPEC The price of OPEC basket of twelve crudes stood at 74.03 dollars a barrel on Thursday, compared with $74.05 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

kuwait stock exchange
By Staff writer On Thursday, November 20th, 2014
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Kuwait stocks close down in week’s trading

kuwait stock exchange The Kuwait Stock Exchange (KSE) on Thursday continued its negative performance with the closing of this week’s session in the red zone, with the price index coming below the 7,000-point More...

oil barrel
By Staff writer On Thursday, November 20th, 2014
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Oman Crude Oil Futures Contract slips 36 cents per barrel

oil barrel DME Oman Crude Oil Futures Contract (OQD) closed at US$76,35 per barrel on Dubai Mercantile at 12:30 p.m. Dubai time on Thursday. On 11 November, DME Oman futures traded below US$80 per barrel for the More...

Flydubai
By Staff writer On Thursday, November 20th, 2014
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flydubai raised US$500m in 5-year Sukuk

Flydubai Dubai Aviation Corporation, also known as flydubai, on Thursday said its US$500 million debut sukuk was oversubscribed over 6 times, indicating strong investor appetite. The five-year sukuk was priced at More...

Abu Dhabi Islamic Bank ''ADIB''
By Staff writer On Thursday, November 20th, 2014
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ADIB named Islamic Bank of the Year by IFLR

Abu Dhabi Islamic Bank ”ADIB” Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has received the prestigious ‘Islamic Bank of the Year 2014’ award for the 2nd consecutive More...

TRA reveals data for third quarter of 2014 on UAE market share of mobile handsets, smartphones and social networking sites
By Staff writer On Thursday, November 20th, 2014
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TRA hosts 10th Business Continuity Management Forum

TRA hosts 10th Business Continuity Management Forum The Telecommunications Regulatory Authority, TRA, today hosted the 10th edition of the Business Continuity Management Forum for the Telecommunications Sector at More...

oil
By Staff writer On Thursday, November 20th, 2014
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OPEC daily basket price for Wednesday, 19th November 2014

oil barrels The price of OPEC’s basket of twelve crudes stood at US$74.05 a barrel on Wednesday, compared with $74.36 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket More...

Shell Aviation receives IATA’s Strategic Partnership Award
By Staff writer On Thursday, November 20th, 2014
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Shell Aviation receives IATA’s Strategic Partnership Award

Shell Aviation receives IATA’s Strategic Partnership Award Shell Aviation has received a 20-year Strategic Partner Award from the International Air Transport Association, IATA, for its significant contribution More...

ADNOC takes full ownership of IRSHAD
By Staff writer On Thursday, November 20th, 2014
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ADNOC Distribution honours UAE national trainees for successful completion of career development programmes

ADNOC Distribution honours UAE national trainees for successful completion of career development programmes ADNOC Distribution hosted a special gathering to recognise a batch of UAE national trainees for the successful More...

National Bonds Corporation signs Strategic Agreement with Aafaq Islamic Finance
By Staff writer On Thursday, November 20th, 2014
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Tasweek inks MoU with American Hospital Management Company targeting MENA Healthcare Market

Tasweek inks MoU with American Hospital Management Company targeting MENA Healthcare Market Tasweek Real Estate Marketing and Development, a UAE based advisor and solutions provider serving the property markets, More...