Date archive forDecember, 2014
Ashghal Starts Work on 3rd Phase of C-Ring Road Project
By Staff writer On Wednesday, December 31st, 2014
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Ashghal Starts Work on 3rd Phase of C-Ring Road Project

Ashghal Starts Work on 3rd Phase of C-Ring Road Project Public Works Authority (Ashghal) will start working on third phase of the C-Ring Road development project on Thursday, with the stage set to last for two and More...

Chung Keejong, South Korea, Ambassador to Qatar
By Staff writer On Wednesday, December 31st, 2014
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Trade between Qatar and South Korea May Reach USD 30 Billion by Year End

Chung Keejong, South Korea, Ambassador to Qatar Trade between Qatar and South Korea would reach about 30 billion dollars by the end of 2014, HE South Korea’s Ambassador to Qatar Chung Keejong said. The Ambassador More...

Qatar Stock Exchange
By Staff writer On Wednesday, December 31st, 2014
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Qatar Stock Exchange Down 243.97 Points

Qatar Stock Exchange The Qatar Exchange down on Tuesday 243.97 points or 1.94% to 12,327.62 points from the previous closing of 12,571.59. The volume of shares traded fell to 23,357,532 from 25,596,715 Monday, and More...

Ashgal Announces Partial Closure of Al Rayyan Park for Redevelopment Work
By Staff writer On Wednesday, December 31st, 2014
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Ashgal Announces Partial Closure of Al Rayyan Park for Redevelopment Work

Ashgal Announces Partial Closure of Al Rayyan Park for Redevelopment Work The Public Works Authority ‘Ashghal’ today announced the closure of a section of Al Rayyan Park (Al Busat Al Akhdar) adjacent to Al Rayyan More...

Qatar's GDP in Q3 of 2014 Estimated at QR 193.08 Billion
By Staff writer On Wednesday, December 31st, 2014
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Qatar’s GDP in Q3 of 2014 Estimated at QR 193.08 Billion

Qatar’s GDP in Q3 of 2014 Estimated at QR 193.08 Billion The quarterly Gross Domestic Product (GDP) in the Q3, 2014 is estimated at QR 193.08 billion, the Ministry of Development Planning and Statistics (MDPS) More...

kuwait stock exchange
By Staff writer On Wednesday, December 31st, 2014
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KSE closes in red

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Tuesday’s session in the red zone as the price, weighted and KSX 15 indexes fell to 6,510 points, 1.9 points and 0.21 points respectively. A total of More...

Kuwaiti oil price crude barrel down to USD 50.78 pb
By Staff writer On Wednesday, December 31st, 2014
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Kuwaiti oil drops USD 1.99, reaches USD 52.90 pb

Kuwaiti oil drops USD 1.99, reaches USD 52.90 pb The price of Kuwaiti oil dropped USD 1.99 on Monday, reaching USD 52.90 per barrel (pb), compared to USD 54.89 pb last Wednesday, said Kuwait Petroleum Corporation More...

US dollar, Kuwaiti dinar
By Staff writer On Wednesday, December 31st, 2014
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USD stable against KD at 0.292

US dollar, Kuwaiti dinar The US Dollar exchange was stable against the Kuwaiti Dinar on Tuesday trading at KD 0.292, while the Euro dropped to KD 0.355 compared to Monday’s rates, said the daily bulletin of More...

Hoshyar Zebari, Iraqi Finance Minister
By Staff writer On Wednesday, December 31st, 2014
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Iraq’s oil proceeds in ’15 budget at 84 trln dinars

Hoshyar Zebari, Iraqi Finance Minister Iraqi Finance Minister Hoshyar Zebari predicted the country’s oil revenues to reach 84 trillion dinars in 2015, while thanking Kuwait for approving to postpone for a More...

Kuwaiti oil crude barrel down USD 2.39, reaching USD 48.28
By Staff writer On Wednesday, December 31st, 2014
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Oman Crude Oil Financial Contract closes at US$53.13 at DME

Oman Crude Oil Financial Contract closes at US$53.13 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$2.35, closing at US$53.13 a barrel for February delivery, at Dubai Mercantile More...

ENOC reduces diesel prices by 20 fils to AED 3.10
By Staff writer On Wednesday, December 31st, 2014
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ENOC reduces diesel prices by 20 fils to AED 3.10

ENOC reduces diesel prices by 20 fils to AED 3.10 Emirates National Oil Company, ENOC, which is headquartered in Dubai, today announced that it has reduced the price of diesel by an additional 20 fils to AED3.10 More...

opec
By Staff writer On Wednesday, December 31st, 2014
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OPEC daily basket price for Monday, 29th December 2014.

opec The price of OPEC’s basket of twelve crudes stood at US$54.44 a barrel on Monday, compared with $56.03 the previous Wednesday, according to OPEC’s Secretariat calculations. The new OPEC Reference More...

National Bonds Corporation signs Strategic Agreement with Aafaq Islamic Finance
By Staff writer On Wednesday, December 31st, 2014
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National Bonds Corporation signs Strategic Agreement with Aafaq Islamic Finance

National Bonds Corporation signs Strategic Agreement with Aafaq Islamic Finance National Bonds Corporation, the leading sharia-compliant savings and investments company in the UAE, has signed a strategic agreement More...

Arab Petroleum Investments Corporation (APICORP)
By Staff writer On Wednesday, December 31st, 2014
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APICORP: Investments in Arab energy to total $685 billion over next five years

Arab Petroleum Investments Corporation (APICORP) Energy capital investments in the Arab world will total $685 billion over the next five years, according to a new report by the Arab Petroleum Investments Corporation More...

NBAD Securities wins Best Brokerage House
By Staff writer On Wednesday, December 31st, 2014
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NBAD Securities wins Best Brokerage House

NBAD Securities wins Best Brokerage House The National Bank of Abu Dhabi Securities, NBAD Securities, has been selected “Best Brokerage House in the UAE” for 2014 by International Finance Magazine. International More...

images
By Staff writer On Tuesday, December 30th, 2014
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Kuwait inflation down 3 percent in October

Kuwait inflation down 3 percent in October The inflation in the consumer price index (CPI) eased slightly to 3 percent year-on-year (y/y) in October, as inflation in most components slowed, showed a report by the More...

Dr. Abdulhussein bin Ali Mirza, Minister of Energy
By Staff writer On Tuesday, December 30th, 2014
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Energy Min. says Bahrain to implement several development projects

Dr. Abdulhussein bin Ali Mirza, Minister of Energy Minister of Energy Dr. Abdulhussein bin Ali Mirza has said that the kingdom of Bahrain will develop water and electricity networks worth up to 1.5 million Bahraini More...

KFH concludes USD 350mln Syndicated Club Murabaha facility for KFH
By Staff writer On Tuesday, December 30th, 2014
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KFH concludes USD 350mln Syndicated Club Murabaha facility for KFH

KFH concludes USD 350mln Syndicated Club Murabaha facility for KFH Kuwait Finance House (KFH) has announced the successful conclusion of USD 350 Mln syndicated club murabaha facility for KFH-Turkey. In a press release, More...

Kuwait Stock Exchange (KSE)
By Staff writer On Tuesday, December 30th, 2014
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KSE ends Monday in red

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Monday’s session in the red zone as the price index recorded 6,627 points, shedding 52.2 points, the weighted index at 440.1 points (-4.24) and the KSX More...

Kuwaiti dinar
By Staff writer On Tuesday, December 30th, 2014
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Main currencies stabilize against Kuwaiti dinar

Kuwaiti dinar The exchange rate of the main currencies, namely the US dollar, Euro, Yen, Swiss Franc and the pound sterling were all stable against the Kuwaiti dinar on Monday, compared to yesterday’s exchange More...

The Roads and Transport Authority (RTA)
By Staff writer On Tuesday, December 30th, 2014
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RTA maps out traffic plan, beefs up transit services during New Year’s celebrations

The Roads and Transport Authority (RTA) In the context of preparations for the New Year’s celebrations, the Roads and Transport Authority (RTA) has developed a comprehensive plan for the traffic movement and More...

Emarat takes 20 fils off diesel price
By Staff writer On Tuesday, December 30th, 2014
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Emarat takes 20 fils off diesel price

Emarat takes 20 fils off diesel price Emirates General Petroleum Corporation, Emarat, has lowered diesel prices by 20 fils a litre across all their service stations effective from 30th December 2014. The new diesel More...

DGCX launches three new Emerging Market currency futures
By Staff writer On Tuesday, December 30th, 2014
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DGCX launches three new Emerging Market currency futures

DGCX launches three new Emerging Market currency futures Expanding its suite of Emerging Market (EM) products, the Dubai Gold and Commodities Exchange, DGCX, today announced the launch of three new currency contracts More...

OPEC
By Staff writer On Tuesday, December 30th, 2014
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OPEC daily basket price for Wednesday, 24th December 2014

OPEC The price of OPEC’s basket of twelve crudes stood at US$56.06 a barrel on Wednesday, compared with $55.59 the previous day, according to OPEC’S Secretariat calculations. OPEC Reference Basket of More...

Oil
By Staff writer On Tuesday, December 30th, 2014
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Oman Crude Oil Financial Contract closes at US$55.48 at DME

Oman Crude Oil Financial Contract closes at US$55.48 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$1.23, closing at US$55.48 a barrel for February delivery, at Dubai Mercantile More...

Kahramaa Holds Annual Planning Forum
By Staff writer On Monday, December 29th, 2014
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Kahramaa Holds Annual Planning Forum

Kahramaa Holds Annual Planning Forum Qatar General Electricity and Water Corporation (Kahramaa) held recently the Annual Planning Forum to discuss the plans of the different department for 2015-2019. President of More...

Qatargas
By Staff writer On Monday, December 29th, 2014
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Qatargas Encourages National Graduates to Take Advantage of Learning Opportunities

Qatargas Qatargas organized its annual Qatarization Forum for its National Graduates. Two separate sessions were held for those based in Ras Laffan and Doha. The coaches assigned to guide and mentor the National More...

Retail Heba Al-Tamimi, QNB Group General-Manager
By Staff writer On Monday, December 29th, 2014
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QNB Wins Two Prestigious Awards from Ethos Integrated Solutions

Retail Heba Al-Tamimi, QNB Group General-Manager Qatar National Bank (QNB), has won two prestigious awards, “Best Customer Experience – Overall Bank in Qatar”, and “Best Customer Experience More...

18 Arab countries contribute to Arab SMEs Fund
By Staff writer On Monday, December 29th, 2014
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18 Arab countries contribute to Arab SMEs Fund

18 Arab countries contribute to Arab SMEs Fund Arab League Deputy Secretary General Ahmad ben Helli said Sunday 18 Arab countries have, up until last May, contributed to the Arab Fund for the Small and Medium-size More...

Adnan Abdualsamad, Chairman of the National Assembly's State Budget Committee
By Staff writer On Monday, December 29th, 2014
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State expenditure in FY 2014/2015 to reach KD 23.2 billion

Adnan Abdualsamad, Chairman of the National Assembly’s State Budget Committee The state expenditure is expected to amount to KD 23.2 billion in the fiscal year of 2014/2015, said Chairman of the National Assembly’s More...

US dollar, Kuwaiti dinar
By Staff writer On Monday, December 29th, 2014
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US dollar stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.292 on Sunday, while the euro dropped to KD 0.356 compared to Thursday. The Central Bank of Kuwait said in More...

kuwait stock exchange
By Staff writer On Monday, December 29th, 2014
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KSE sees early pleasing closures to 2014

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Sunday trading session up due to an overall buying wave by investors, some portfolios and investment funds, targeting communication shares in particular. The More...

Gold
By Staff writer On Monday, December 29th, 2014
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Gold price stands at USD 1,195 per ounce

Gold Gold prices stood at the level of USD 1,195 per ounce last week, which was marked by the absence of most investors due to Christmas holidays, an economic report showed here on Sunday. Many investors only preferred 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 Monday, December 29th, 2014
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UAE achieves highest increase worldwide in ICT Development Index

UAE achieves highest increase worldwide in ICT Development Index The Telecommunications Regulatory Authority, TRA, has announced that the UAE has made significant progress in its global ranking in the ICT Development More...

Marka acquires Istithmar’s Retailcorp
By Staff writer On Monday, December 29th, 2014
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Marka acquires Istithmar’s Retailcorp

Marka acquires Istithmar’s Retailcorp Marka PJSC, the UAE’s first public joint stock company focused on the fast growing retail and hospitality sectors, today announced that it has agreed to acquire Retailcorp More...

RAK Ceramics Bangladesh to sell RAK Pharma
By Staff writer On Monday, December 29th, 2014
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RAK Ceramics Bangladesh to sell RAK Pharma

RAK Ceramics Bangladesh to sell RAK Pharma RAK Ceramics Bangladesh has announced that it is selling RAK Pharma, its pharmaceutical interest. The world’s largest ceramics manufacturer is offloading the asset in More...

EDB discusses action plan 2015
By Staff writer On Monday, December 29th, 2014
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EDB discusses action plan 2015

EDB discusses action plan 2015 The Emirates Development Bank (EDB) has met to discuss its action plan for 2015. Khalid Mohammed Belami, EDB Chairman, said the action plan 2015 will launch the bank’s products More...

The Ruble Rubble May Spell Further Trouble: QNB
By Staff writer On Sunday, December 28th, 2014
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The Ruble Rubble May Spell Further Trouble: QNB

The Ruble Rubble May Spell Further Trouble: QNB The weekly analysis of Qatar National Bank (QNB) Group said that the Capital flight from developing economies has accelerated, most spectacularly from Russia. A toxic More...

Dr. Mohammad Al-Zuhair, Secretary General of the National Fund for Small and Medium Enterprises (SMEs) Development
By Staff writer On Sunday, December 28th, 2014
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Nat’l SMEs fund enters executive stage

Dr. Mohammad Al-Zuhair, Secretary General of the National Fund for Small and Medium Enterprises (SMEs) Development The National Fund for Small and Medium Enterprises (SMEs) Development has entered a new stage after More...

kuwait stock exchange
By Staff writer On Sunday, December 28th, 2014
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KSE makes up for previous weeks’ losses

kuwait stock exchange Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 6,577.81 points, up by 5.58 percent from the week before closing, the Weighted Index increased by 5.95 More...

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By Staff writer On Sunday, December 28th, 2014
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DEWA extends deadline for IPP Hassyan Clean Coal Power Project – Phase I

DEWA extends deadline for IPP Hassyan Clean Coal Power Project – Phase I In response to requests received from bidders, the Dubai Electricity and Water Authority (DEWA) has extended the bid deadline for the Hassyan More...

Sultan Ahmed bin Sulayem, Chairman of DP World and Chairman of Ports, Customs, and Free Zone
By Staff writer On Sunday, December 28th, 2014
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Dubai’s foreign trade nears AED 1 trillion during first 9 months of 2014

Sultan Ahmed bin Sulayem, Chairman of DP World and Chairman of Ports, Customs, and Free Zone Dubai has managed to contain the effect of global commodities and products’ drop down in prices and sustained a high-value More...

Gulf Cooperation Council (GCC)
By Staff writer On Saturday, December 27th, 2014
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Qatar to Host 19th Meeting of GCC Environment Ministers

Gulf Cooperation Council (GCC) The state of Qatar has taken part in the 18th session of ministers in charge of environment in GCC countries, held recently in Kuwait. HE the Minister of Environment Ahmed bin Amir More...

Kuwait Finance House (KFH)
By Staff writer On Saturday, December 27th, 2014
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Credit activity rises by 5.4 pct in Oct – KFH

Kuwait Finance House (KFH) Local credit activity rose by 5.4 percent last October, compared to the same month last year, to hit KD 30.4 billion, Kuwait Finance House (KFH) has said. This is down by 1 percent compared More...

oil barrel
By Staff writer On Friday, December 26th, 2014
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Kuwaiti oil barrel up by 85 cents, reaches USD 54.89

oil barrel The price of Kuwaiti oil barrel rose by 85 cents on Wednesday reaching USD 54.89, compared to USD 54.04 per barrel on Tuesday, according to Kuwait Petroleum Company (KPC). International oil markets are More...

KSE bounces as oil prices rise, nat'l portfolio interfers
By Staff writer On Friday, December 26th, 2014
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KSE bounces as oil prices rise, nat’l portfolio interfers

KSE bounces as oil prices rise, nat’l portfolio interfers The rise of oil prices and purchase deals led by the national portfolio targeting operational shares, and the return of general confidence have pushed More...

kuwait stock exchange
By Staff writer On Friday, December 26th, 2014
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KSE ends Thursday on mixed board

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Thursday’s session on mixed board as the price index rose by 31 points reaching 6,577 points, while the weighted index dropped 1.9 points and the KSX More...

US dollar, Kuwaiti dinar
By Staff writer On Friday, December 26th, 2014
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US dollar stable against KD at 0.292, euro up to KD 0.357

US dollar, Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.292 on Thursday, while the euro weny up to KD 0.357 compared to Wendesday’s rates. The Central Bank More...

Dr. Abdulmohsen Al-Madaj, Deputy Prime Minister and Minister of Commerce and Industry
By Staff writer On Friday, December 26th, 2014
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Commerce Minister issues executive regulations of SMEs Fund

Dr. Abdulmohsen Al-Madaj, Deputy Prime Minister and Minister of Commerce and Industry Deputy Prime Minister and Minister of Commerce and Industry Dr. Abdulmohsen Al-Madaj issued Wednesday the ministerial decree More...

Qatar Stock Exchange
By Staff writer On Friday, December 26th, 2014
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Qatar Stock Index Gains 1,267.40 Points This Week

Qatar Stock Exchange Qatar Exchange index gained points (+11.33%) this week when the bourse closed Thursday at 12,449.05 points. Trading value during this week increased by 28.41% to reach QR 4,542,531,026.21 compared More...

US dollar, Kuwaiti dinar
By Staff writer On Thursday, December 25th, 2014
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US dollar stable against KD at 0.292, euro down to KD 0.356

US dollar, Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.292 on Wednesday, while the euro dropped to KD 0.356 compared to Tuesday’s rates. The Central Bank of More...

kuwait stock exchange
By Staff writer On Thursday, December 25th, 2014
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KSE price index posts marginal gain

kuwait stock exchange Benchmark of Kuwait Stock Exchange (KSE) rose 3.5 points in early trades on Wednesday, reaching the level of 6,507 points. However, the weighted index inched downward, 1.3 points, while the More...

Qatar
By Staff writer On Thursday, December 25th, 2014
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Qatar’s Real Estate Trades Mounted to QR 567 Million Last Week

Qatar’s Real Estate Trades Mounted to QR 567 Million Last Week Trading volume of real estate last week December 14-17 was worth in excess of QR 567 million, the Real Estate Registration and Authentication More...

d4396ac3-74ca-4b12-b857-178e3011090c
By Staff writer On Thursday, December 25th, 2014
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Qatar Stock Exchange Up 1.43 Pct

Qatar Exchange closed in the green area on Wednesday adding 174.10 points (1.43 percent) to advance to 12,357.62 points from 12,183.52 on Tuesday. The volume of the shares traded fell to 13,220,119 from 16,257,858 More...

qatar-chamber1-460x421
By Staff writer On Thursday, December 25th, 2014
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Qatar Chamber Concludes Workshop on SME Financing

Qatar Chamber for Commerce and Industry (QCCI) has concluded a three-day workshop on the financing of small- and medium-sized enterprises and monetary reading of financial lists for non-finance experts. Organized More...

Qatar Airways' First A350 XWB Arrives in Doha
By Staff writer On Thursday, December 25th, 2014
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Qatar Airways’ First A350 XWB Arrives in Doha

Qatar Airways’ First A350 XWB Arrives in Doha Qatar Airways’ first Airbus A350 XWB (Xtra Wide Body) and its fourth A380 have simultaneously arrived in Doha, the airline announced Wednesday in a press More...

Ashghal Announces Traffic Diversion on Al Rayyan Al Jadeed Road
By Staff writer On Thursday, December 25th, 2014
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Ashghal Announces Traffic Diversion on Al Rayyan Al Jadeed Road

Ashghal Announces Traffic Diversion on Al Rayyan Al Jadeed Road The Public Works Authority (Ashghal) has announced a traffic diversion on a part of Al Rayyan Al Jadeed Road, starting from east of Al Wajbah Roundabout More...

Minister of Development Planning Urges Student to Focus on Reading
By Staff writer On Thursday, December 25th, 2014
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Minister of Development Planning Urges Student to Focus on Reading

Minister of Development Planning Urges Student to Focus on Reading HE the Minister of Development Planning and Statistics Dr. Saleh bin Mohammed Al Nabit has called on Qatar University students to focus more on More...

UAE Central Bank
By Staff writer On Thursday, December 25th, 2014
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UAE Central Bank holds 9th meeting for 2014

UAE Central Bank The Board of Directors of the Central Bank of the UAE has held its 9th meeting for 2014, in Abu Dhabi, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. The board reviewed More...

Emirates airline fleet
By Staff writer On Thursday, December 25th, 2014
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Emirates rounds off 2014 with world’s largest wide-body airline fleet

Emirates airline fleet Emirates Airline will round off 2014 as the airline with the world’s largest wide-body passenger fleet of 218 aircraft, in addition to 14 freighters. Following two consecutive years of record More...

Khalifa Fund explores ways of cooperation with Kuwait's National Fund for SME Development
By Staff writer On Thursday, December 25th, 2014
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Khalifa Fund explores ways of cooperation with Kuwait’s National Fund for SME Development

Khalifa Fund explores ways of cooperation with Kuwait’s National Fund for SME Development Khalifa Fund for Enterprise Development and Kuwait’s National Fund for SME Development have discussed ways of More...

Kuwaiti oil crude barrel down USD 2.39, reaching USD 48.28
By Staff writer On Thursday, December 25th, 2014
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Oman Crude Oil Financial Contract closes at US$58.10 at DME

Oman Crude Oil Financial Contract closes at US$58.10 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went up by US$1.05, closing at US$ 58.10 a barrel for February delivery, at Dubai Mercantile More...

pipes
By Staff writer On Thursday, December 25th, 2014
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GCC’s imports from China, India and Europe account for 25%, though 14 million tons of pipes and tubes were produced locally in 2013

pipes The GCC produced 14 million tons of pipes and tubes with a domestic consumption of 2.5 million tons used for energy, infrastructure development, construction projects, water and air conditioning supply. However, More...

11923-351561
By Staff writer On Thursday, December 25th, 2014
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Dubai’s Mina Rashid retains spot as world’s leading cruise port

Mohammed Al Mannaei, Director of Mina Rashid and Mohammed Al Muallem, Senior Vice President and Managing Director, DP World DP World’s Mina Rashid port has successfully defended its title as the World’s Leading More...

OPEC
By Staff writer On Wednesday, December 24th, 2014
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OPEC daily basket price for Monday 22 December

OPEC The price of OPEC’s basket of twelve crudes stood at US$56.90 a barrel on Monday, compared with $55.52 the previous Friday, according to OPEC Secretariat calculations. The new OPEC Reference Basket of More...

Tickets for Expo Milano 2015 now available through Etihad Airways and Alitalia
By Staff writer On Wednesday, December 24th, 2014
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Tickets for Expo Milano 2015 now available through Etihad Airways and Alitalia

Tickets for Expo Milano 2015 now available through Etihad Airways and Alitalia Etihad Airways and Alitalia, the Official Global Carriers of Expo Milano 2015, have announced that tickets for the six-month event can More...

Abu Dhabi: top ten destination in the world
By Staff writer On Wednesday, December 24th, 2014
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CNN.com names Abu Dhabi among top ten destination picks for 2015

Abu Dhabi: top ten destination in the world The major international news website CNN.com has named Abu Dhabi among its Top 10 destinations for 2015. The emirate is ranked alongside other desirable locations including More...

Sketchers picks Dubai as centre for Middle East operations
By Staff writer On Wednesday, December 24th, 2014
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Sketchers picks Dubai as centre for Middle East operations

Sketchers picks Dubai as centre for Middle East operations American company Sketchers has chosen Dubai for its operations’ centre in the Middle East. During a visit to the emirate, Michael Greenberg, President More...

Bamako-Senou Airport
By Staff writer On Wednesday, December 24th, 2014
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Kuwait lends Mali to renovate airport

Bamako-Senou Airport Kuwait Fund for Arab Economic Development (KFAED) has signed an agreement with Mali to lend it KD 5.8 million (some USD 20 million). The accord, designed to contribute to funding renovation More...

KCB offers housing loans worth KD 22mln in November
By Staff writer On Wednesday, December 24th, 2014
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KCB offers housing loans worth KD 22mln in November

KCB offers housing loans worth KD 22mln in November The Kuwait Credit Bank (KCB) (formerly the Kuwait Credit and Savings Bank) announced Tuesday that it offered 535 housing loans in November at a total cost of KD More...

US dollar, Kuwaiti dinar
By Staff writer On Wednesday, December 24th, 2014
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USD stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar on Tuesday trading at KD 0.292 while the euro dropped to KD 0.357, compared with Sunday’s rates, said the daily bulletin of the More...

Kuwaiti crude down to USD 44.64 pb
By Staff writer On Wednesday, December 24th, 2014
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Oman Crude Oil Financial Contract closes at US$57.05 at DME

Oman Crude Oil Financial Contract closes at US$57.05 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$2.63, closing at US$57.05 a barrel for February delivery, at Dubai Mercantile More...

Expo Centre Sharjah is set to host SteelFab 2015
By Staff writer On Wednesday, December 24th, 2014
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Expo Centre Sharjah is set to host SteelFab 2015

Expo Centre Sharjah is set to host SteelFab 2015 Expo Centre Sharjah is all set to host the 11th SteelFab Exhibition, the region’s premier metal working, metal manufacturing and steel fabrication trade fair, from More...

Dubai Customs discusses bilateral trade development with Oman
By Staff writer On Wednesday, December 24th, 2014
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Dubai Customs discusses bilateral trade development with Oman

Dubai Customs discusses bilateral trade development with Oman Ahmed Mahboob Musabih, Director of Dubai Customs, DC, has praised the development of trade cooperation with Oman, affirming that DC supports the economic More...

Federal National Council (FNC)
By Staff writer On Wednesday, December 24th, 2014
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FNC passes Union Budget 2015

Federal National Council (FNC) The Federal National Council (FNC) on Tuesday approved two bills, one on additional allocations to the Union budget and budgets of autonomous entities for fiscal year 2014, and the More...

Qatar Stock Exchange
By Staff writer On Tuesday, December 23rd, 2014
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Qatar Stock Index Gains 391.63 Points

Qatar Stock Exchange Qatar Exchange pursued its upswing trend on Monday adding 391.63 points (3.26%) to advance to 12,421.22 points from 12,029.59 on Sunday. The volume of the shares traded fell to 24,720,527 from More...

Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry
By Staff writer On Tuesday, December 23rd, 2014
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Qatar Takes Over OAPEC Presidency

Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry The State of Qatar has assumed the rotational presidency of the Organization of Arab Exporting Countries (OAPEC) for the year 2015. A press release More...

Qatar Airways Receives First of Its 80 A350 XWB Aircraft
By Staff writer On Tuesday, December 23rd, 2014
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Qatar Airways Receives First of Its 80 A350 XWB Aircraft

Qatar Airways Receives First of Its 80 A350 XWB Aircraft Qatar Airways has received the first of its 80 A350 XWB aircraft, of which the airline is the global launch customer, a press release said Monday. The announcement More...

oil barrel
By Staff writer On Tuesday, December 23rd, 2014
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OPEC daily basket price Friday 19th December

oil barrel The price of OPEC’s basket of twelve crudes stood at US$55.52 a barrel on Friday, compared with $56.30 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

US dollar, Kuwaiti dinar
By Staff writer On Tuesday, December 23rd, 2014
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USD stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar in Monday’s trading at KD 0.292 while the euro rose to KD 0.358, compared with Sunday’s rates, said the daily bulletin of More...

kuwait stock exchange
By Staff writer On Tuesday, December 23rd, 2014
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KSE maintains upward trend since Sunday’s closing

kuwait stock exchange Trading at Kuwait Stock Exchange, the national bourse, has maintained an upward trend since Sunday’s closing. In today’s early trades, the benchmark gained 57.5 points reaching More...

World Islamic Travel Summit to debut in Abu Dhabi
By Staff writer On Tuesday, December 23rd, 2014
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World Islamic Travel Summit to debut in Abu Dhabi

World Islamic Travel Summit to debut in Abu Dhabi The World Islamic Travel Summit, WITS15, the largest showcase of Halal travel and tourism solutions, is to debut in Abu Dhabi next October. The pioneering conference More...

KOC... 80 years of work changed lifestyle in Kuwait
By Staff writer On Tuesday, December 23rd, 2014
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KOC… 80 years of work changed lifestyle in Kuwait

KOC… 80 years of work changed lifestyle in Kuwait Kuwait Oil Company (KOC) celebrates on Tuesday the 80th anniversary of being granted oil drilling concession right in the country under the agreement signed More...

Dubai Chamber delegation exchanges expertise with Dubai Police
By Staff writer On Tuesday, December 23rd, 2014
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11% growth in Dubai Chamber members’ exports and re-exports in November 2014

11% growth in Dubai Chamber members’ exports and re-exports in November 2014 Clearly indicating an increasing pattern of monthly exports of Dubai traders, a recent Dubai Chamber of Commerce and Industry study More...

Nakheel rounds up retailers as Circle Mall bookings pass 30 per cent
By Staff writer On Tuesday, December 23rd, 2014
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Nakheel rounds up retailers as Circle Mall bookings pass 30 per cent

Nakheel rounds up retailers as Circle Mall bookings pass 30 per cent Almost a third of shop space at Nakheel’s new Circle Mall at Jumeirah Village in Dubai has been booked less than two weeks after its launch, More...

ADNOC Distribution,Trucks Supplying Fuel at Abu Dhabi International Airport
By Staff writer On Tuesday, December 23rd, 2014
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ADNOC Distribution’s Emirati Technical Team completes upgrading of Fuel Equipment, Trucks Supplying Fuel at Abu Dhabi International Airport

ADNOC Distribution,Trucks Supplying Fuel at Abu Dhabi International Airport ADNOC Distribution, the sole provider of aviation fuel in the Abu Dhabi International Airport, has completed the upgrading of supplying More...

Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry
By Staff writer On Monday, December 22nd, 2014
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Energy and Industry Minister Attends 10th OAPEC Conference

Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry HE Minister of Energy and Industry Dr Mohammed bin Saleh Al-Sada participated in the Tenth Arab Energy Ministerial Conference of the Organization of More...

Qatar Stock Exchange
By Staff writer On Monday, December 22nd, 2014
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Qatar Stock Index Gains 847.94 Points

Qatar Stock Exchange Qatar Stock Exchange index gained 847.94 points (+7.58%) when it closed at 12,029.59 points Sunday. The traded value increased to QR 1,259.97 million from QR 643.11 million in last Wednesday. The More...

Ashghal Opens F-Ring Road for Traffic
By Staff writer On Monday, December 22nd, 2014
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Ashghal Opens F-Ring Road for Traffic

Ashghal Opens F-Ring Road for Traffic The Public Works Authority (Ashghal) announced the opening of the F-Ring Road completely for traffic. The road will mainly serve the traffic flow between Al Thumama Area and More...

Federation of GCC Chambers,
By Staff writer On Monday, December 22nd, 2014
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Qatar participates in recruitment committees of the Federation of GCC Chambers

Federation of GCC Chambers, The Recruitment Committee of Qatar Chamber of Commerce and industry (Qatar Chamber) has participated in meetings of recruitment committees of the Federation of GCC Chambers, held at the More...

WOQOD Board Approves 2015 Budget
By Staff writer On Monday, December 22nd, 2014
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WOQOD Board Approves 2015 Budget

WOQOD Board Approves 2015 Budget Qatar Fuel (WOQOD) Board of Directors, chaired by the Chairman HE Sheikh Saoud bin Abdulrahman Al-Thani, held its ordinary meeting on Sunday to discuss the 2015 Budget, said the More...

Kuwait Stock Exchange
By Staff writer On Monday, December 22nd, 2014
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KSE benchmark leaps, gaining more than 100 points

Kuwait Stock Exchange Benchmark of Kuwait Stock Exchange (KSE) jumped more than 100 points in early trading on Sunday, putting the level at 6,330.4 points. Weighted index gained 12.3 points and Kuwait 15 index, More...

US dollar, Kuwaiti dinar
By Staff writer On Monday, December 22nd, 2014
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USD stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar in Sunday’s trading at KD 0.292 while the euro dropped to 0.357, compared with Thursday’s rates, said the daily bulletin More...

Dubai Open Data Committee formed in support of the Smart City initiative
By Staff writer On Monday, December 22nd, 2014
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Dubai Open Data Committee formed in support of the Smart City initiative

Dubai Open Data Committee formed in support of the Smart City initiative H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued a resolution More...

Sharjah Islamic Bank upgrades telephone banking
By Staff writer On Monday, December 22nd, 2014
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Sharjah Islamic Bank upgrades telephone banking

Sharjah Islamic Bank upgrades telephone banking Sharjah Islamic Bank, SIB, has launched a diverse package of valuable phone banking services available in three languages; Arabic, English, and Urdu, through its dedicated More...

Dubai Chamber delegation exchanges expertise with Dubai Police
By Staff writer On Monday, December 22nd, 2014
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Dubai Chamber introduces new concept of doing smart business with Africa

Dubai Chamber introduces new concept of doing smart business with Africa With its commitment to Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum’s initiative More...

Thomson Reuters
By Staff writer On Sunday, December 21st, 2014
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DIEDC signs agreement with Thomson Reuters to Develop Global Islamic Economy Portal

Thomson Reuters Dubai Islamic Economy Development Centre (DIEDC) has signed an agreement with Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals, to develop More...

Dubai Silicon Oasis Authority receives ISO certificates
By Staff writer On Sunday, December 21st, 2014
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Dubai Silicon Oasis Authority receives ISO certificates

Dubai Silicon Oasis Authority receives ISO certificates Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, the integrated free zone technology park, has received the ISO 50001:2011 More...

Shurooq promotes Sharjah's investment opportunities in India
By Staff writer On Sunday, December 21st, 2014
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Shurooq promotes Sharjah’s investment opportunities in India

Shurooq promotes Sharjah’s investment opportunities in India The Sharjah Investment and Development Authority (Shurooq), has successfully concluded its participation in the Trade Mission to India last week. Shurooq’s More...

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