Date archive forFebruary, 2015
HE Prime Minister, Minister of Economy Review 2014 Economic Successes
By Staff writer On Sunday, February 15th, 2015
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HE Prime Minister, Minister of Economy Review 2014 Economic Successes

HE Prime Minister, Minister of Economy Review 2014 Economic Successes With HE Prime Minister and Minister of Interior Sheikh Abdullah Nasser bin Khalifa Al-Thani and HE Minister of Economy and Commerce Sheikh Ahmed More...

oil
By Staff writer On Sunday, February 15th, 2015
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Are Oil Prices Poised For Rebound?

oil The Brent crude oil price fell 57% between June 2014 and January 2015 to a low of USD45 per barrel (/b). Over the last three weeks, however the oil price has rebounded by 31% to a peak of USD59/b. This poses More...

Lebanese investments in Egypt surpasses USD 3.7 bln
By Staff writer On Sunday, February 15th, 2015
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Lebanese investments in Egypt surpasses USD 3.7 bln

Lebanese investments in Egypt surpasses USD 3.7 bln Lebanese Minister of Trade and Industry Alain Hakim said Friday his country was the 15th biggest investor in Egypt with over USD 3.7 billion, stressing that huge More...

Official stresses forum on small enterprises
By Staff writer On Sunday, February 15th, 2015
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Official stresses forum on small enterprises

Official stresses forum on small enterprises A forum on small-sized enterprises due here on Sunday will mainly thrash out the concepts and expertise of projects and young people’s awareness as well as promising More...

70 world oil experts to address int'l safety conference
By Staff writer On Sunday, February 15th, 2015
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70 world oil experts to address int’l safety conf.

70 world oil experts to address int’l safety conference Some world oil experts are expected to partake in the Kuwait International Health, Safety & Environment (KIHSE) Conference & Exhibition due here More...

World Forum for FDI concludes with series of critical recommendations
By Staff writer On Sunday, February 15th, 2015
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World Forum for FDI concludes with series of critical recommendations

World Forum for FDI concludes with series of critical recommendations A series of recommendations issued by the 12th edition of the World Forum for FDI which concluded in Sharjah lately, called for committing to More...

Autonomous cars
By Staff writer On Sunday, February 15th, 2015
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RTA to embark on study of using Autonomous cars /driverless vehicles/

Autonomous cars The Roads and Transport Authority (RTA) has announced the start in commissioning a study of using Autonomous cars (driverless vehicles) in Dubai as part of its endeavours to utilize the latest technologies More...

Sultan bin Saeed Al Mansouri, Minister of Economy
By Staff writer On Sunday, February 15th, 2015
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Economy Minister receives US Ambassador

Sultan bin Saeed Al Mansouri, Minister of Economy Sultan bin Saeed Al Mansouri, Minister of Economy, has discussed with the U.S. Ambassador to the UAE, Barbara A. Leaf, ways to enhance joint cooperation and develop More...

Department of Economic Development (DED)
By Staff writer On Sunday, February 15th, 2015
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DED issues over 59,000 commercial permits in 2014

Department of Economic Development (DED) The Department of Economic Development (DED) in Dubai issued 59,130 commercial permits during the year 2014, 13% higher than the licences issued in 2013, according to the More...

United Development Company (UDC)
By Staff writer On Saturday, February 14th, 2015
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United Development Company s Full Year 2014 Results Record Solid Net Income

United Development Company (UDC) United Development Company (UDC) a leading Qatari shareholding company has announced its financial results for the year 2014, reporting revenue of QR 1.9 billion for the year 2014. More...

oil
By Staff writer On Saturday, February 14th, 2015
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Kuwait maintains stable outlook

oil In view of the sharp fall in international oil prices in recent months, Standard and Poor’s has significantly revised down its oil price assumptions for 2015-18, affirming Kuwait’s AA/A-1+ rating. “We More...

Ismail Al-Ghanem, Kuwait Audit Bureau's undersecretary
By Staff writer On Saturday, February 14th, 2015
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ASOSAI elects members of executive council

Ismail Al-Ghanem, Kuwait Audit Bureau’s undersecretary The Asian Organization of Supreme Audit Institutions (ASOSAI) has elected members of its executive board for the 2015-2018 mandate. In remarks to KUNA, More...

oil barrel
By Staff writer On Saturday, February 14th, 2015
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Kuwaiti oil price crude rises to USD 50.84 pb

oil barrel Kuwaiti crude oil price rose on Thursday by USD 0.6 to settle at USD 50.84 pb as opposed to USD 50.78 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday. On international markets, crude More...

Oil
By Staff writer On Saturday, February 14th, 2015
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OPEC daily basket price stood at $ 52.86 a barrel Thursday, 12 February 2015

Oil The price of OPEC basket of twelve crudes stood at 52.86 dollars a barrel on Thursday, compared with $52.21 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

WETEX 2015
By Staff writer On Saturday, February 14th, 2015
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WETEX 2015 establishes itself as a global platform for partnerships and trade deals

WETEX 2015 The Water, Energy, Technology, and Environment Exhibition (WETEX 2015) is set to confirm its position as an interactive platform for international organisations, companies, and individuals in the water, More...

Kuwaiti oil price crude barrel down to USD 50.78 pb
By Staff writer On Friday, February 13th, 2015
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Kuwaiti oil price crude barrel down to USD 50.78 pb

Kuwaiti oil price crude barrel down to USD 50.78 pb Kuwaiti crude oil price went down Wednesday by USD 0.72 to settle at USD 50.78 pb as opposed to USD 51.50 pb Tuesday, said Kuwait Petroleum Corporation (KPC) on More...

Kuwaiti dinar
By Staff writer On Friday, February 13th, 2015
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USD stable against KD at 0.295

Kuwaiti dinar The exchange rate of the US Dollar against the Kuwaiti Dinar was stable on Thursday exchanging at KD 0.295, as well as the Euro at KD 0.334 compared to Wednesday’s exchange rates, said the daily More...

kuwait stock exchange
By Staff writer On Friday, February 13th, 2015
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KSE concludes week’s trading on mixed boards

kuwait stock exchange Kuwait Stock Exchange (KSE) on Thursday concluded the week trading with main indices settling on mixed board. Price index read 6,695, while the weighted and price indices rose, respectively More...

Qatar Stock Exchange
By Staff writer On Friday, February 13th, 2015
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Qatar Stocks Close Lower

Qatar Stock Exchange Qatar Stock Exchange index dropped 81.68 points (- 0.64%) when the bourse closed at 12,607.60 points here Thursday. The traded value today dropped to QR 552.14 million with a volume of 17,343,195 More...

Ali Shareef Al Emadi, Minister of Finance
By Staff writer On Friday, February 13th, 2015
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Finance Minster Meets Tunisia’s Central Bank Governor

Ali Shareef Al Emadi, Minister of Finance The Minister of Finance, HE Ali Shareef Al Emadi, met here on Thursday with visiting Tunisian central bank Governor Chadli Al Ayari. Talks during the meeting dealt with More...

Qatar National Cement Company
By Staff writer On Friday, February 13th, 2015
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Qatar Cement Reports QR 420.3 Million Net Profit in 2014

Qatar National Cement Company Qatar National Cement Company reported on Thursday its financial statements for the year ended December 31, 2014, revealing a net profit of QR 420.3 Million in 2014 compared to QR 433.3 More...

Abu Dhabi Ports’ Training Centre records a successful 2014
By Staff writer On Friday, February 13th, 2015
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Abu Dhabi Ports’ Training Centre records a successful 2014

Abu Dhabi Ports’ Training Centre records a successful 2014 The number of trainees at the Abu Dhabi Ports’ Maritime Training Centre increased by 15% in 2014 compared to 2013, reaffirming the centre’s world-class More...

oil
By Staff writer On Friday, February 13th, 2015
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OPEC daily basket price for Wednesday announced

oil The price of OPEC’s basket of twelve crudes stood at US$52.21 dollars a barrel on Wednesday, compared with $53.14 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket More...

Dubai Gold & Commodities Exchange ''DGCX''
By Staff writer On Thursday, February 12th, 2015
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DGCX records strong start to 2015

Dubai Gold & Commodities Exchange ”DGCX” The Dubai Gold & Commodities Exchange (DGCX) recorded a robust start to the year, with a total of 1,176,111 contracts traded in January, an increase of More...

oil barrel
By Staff writer On Thursday, February 12th, 2015
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OPEC daily basket price stood at $53.14 a barrel Tuesday, 10 February 2015

oil barrel The price of OPEC basket of twelve crudes stood at 53.14 dollars a barrel on Tuesday, compared with $53.58 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of More...

international trade fair for furniture production technology
By Staff writer On Thursday, February 12th, 2015
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HFZA beckons South East Asia Timber businesses

international trade fair for furniture production technology A delegation from Hamriyah Free Zone Authority (HFZA) has successfully participated in the 4th international trade fair for furniture production technology, More...

Abu Dhabi Islamic Bank ''ADIB''
By Staff writer On Thursday, February 12th, 2015
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ADIB wins top award for developing UAE national talent

Abu Dhabi Islamic Bank ”ADIB” Abu Dhabi Islamic Bank, ADIB, has received the “Human Resource Development Award” for 2014 from the Emirates Institute of Banking and Financial Studies, EIBFS, More...

NBAD hosts leading Islamic finance experts to discuss future of Sukuk
By Staff writer On Thursday, February 12th, 2015
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NBAD hosts leading Islamic finance experts to discuss future of Sukuk

NBAD hosts leading Islamic finance experts to discuss future of Sukuk The National Bank of Abu Dhabi (NBAD) and CNBC hosted an international panel of leading Islamic finance experts to discuss the future of Sukuk More...

Oman Crude Oil Financial Contract closes at US$55.59 at DME
By Staff writer On Thursday, February 12th, 2015
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Oman Crude Oil Financial Contract closes at US$55.59 at DME

Oman Crude Oil Financial Contract closes at US$55.59 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$0.30, closing at US$55.59 a barrel for April delivery, at Dubai Mercantile Exchange More...

Gulf Insurance Group
By Staff writer On Thursday, February 12th, 2015
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GIG achieves net profit of KD 12 mln for 2014

Gulf Insurance Group Gulf Insurance Group (GIG) announced today that it has achieved a net profit of KD 12 million (USD 41 million), or 66.42 fils per share for the financial year ended December 31, 2014. The results More...

us dollar, kuwaiti dinar
By Staff writer On Thursday, February 12th, 2015
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USD stable against KD at 0.295

us dollar, kuwaiti dinar The exchange rate of the US Dollar against the Kuwaiti Dinar was stable on Wednesday exchanging at KD 0.295, was well as the Euro at KD 0.334 compared to Tuesday’s exchange rates, More...

Kuwait Stock Exchange
By Staff writer On Thursday, February 12th, 2015
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KSE ends trading bearishly

Kuwait Stock Exchange The Kuwait Stock Exchange (KSE) ended trading on Wednesday bearishly, with the price index shedding 32.3 points dropping to 6,702 points, while the weighted index lost 1.66 and the KSK 2.35 More...

QNA_Iraq_Finance_1102202555
By Staff writer On Thursday, February 12th, 2015
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Finance Minister Meets Iraqi Counterpart

Ali Shareef Al Emadi, Minister of Finance with Hoshyar Zebari, Iraqi Minister of Finance HE Minister of Finance Ali Shareef Al Emadi met here today with his Iraqi counterpart Hoshyar Zebari, on the sidelines of More...

Kuwaiti dinar
By Staff writer On Wednesday, February 11th, 2015
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Foreign currencies steady vis-a-vis Kuwaiti dinar

Kuwaiti dinar The US dollar steadied vis-a-vis the Kuwaiti dinar on Tuesday exchanging at KD 0.295 and the euro followed suit posting KD 0.334, as compared to Monday’s rates. The Central Bank of Kuwait (CBK) More...

Dubai Mall
By Staff writer On Wednesday, February 11th, 2015
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Dubai Mall is ‘the centre of world retail’ welcoming record 80 million visitors in 2014

Dubai Mall Surpassing annual footfall figures achieved by the world’s most popular tourist destinations and key international airports, The Dubai Mall is once again the ‘world’s most-visited lifestyle destination’ More...

Emirates to hire over 11,000 new staff in 2015
By Staff writer On Wednesday, February 11th, 2015
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Emirates to hire over 11,000 new staff in 2015

Emirates to hire over 11,000 new staff in 2015 Emirates Group, comprising Emirates airline and dnata, has announced plans to hire over 11,000 new staff in the coming year across its business, in line with its projected More...

OPEC: world oil demand is anticipated to rise by 1.15 mb/d in 2015
By Staff writer On Wednesday, February 11th, 2015
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OPEC: world oil demand is anticipated to rise by 1.15 mb/d in 2015

OPEC: world oil demand is anticipated to rise by 1.15 mb/d in 2015 Global oil demand is estimated to have grown by 0.95 mb/d in 2014, representing an upward revision of 20 tb/d from the previous month, according More...

Drydocks World scores high for customer satisfaction
By Staff writer On Wednesday, February 11th, 2015
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Drydocks World scores high for customer satisfaction

Drydocks World scores high for customer satisfaction Drydocks World has met and surpassed customer expectations achieving high customer satisfaction scores in ship repair, new builds and conversion during 2014, More...

oil
By Staff writer On Wednesday, February 11th, 2015
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OPEC daily basket price for Monday, 9 February 2015

oil The price of OPEC’s basket of twelve crudes stood at US$53.58 a barrel on Monday, compared with $53.36 the previous Friday, according to OPEC’s Secretariat calculations. OPEC Reference Basket of More...

Qurain Petrochemical Industries Company (QPIC)
By Staff writer On Wednesday, February 11th, 2015
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QPIC posts KD 14.9 mln profit in 9 months

Qurain Petrochemical Industries Company (QPIC) The Qurain Petrochemical Industries Company (QPIC) announced on Tuesday a net profit of KD 14.9 million (USD 50.8 million) in the nine months of 2014, an increase of More...

Anas Al-Saleh, Minister of Finance
By Staff writer On Wednesday, February 11th, 2015
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Manpower should be highly qualified

Anas Al-Saleh, Minister of Finance Minister of Finance Anas Al-Saleh encouraged national manpower within the investment community to be “CFA charterholders” in order to help in achieving stability in More...

Kuwait Stock Exchange
By Staff writer On Wednesday, February 11th, 2015
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KSE ends Monday’s trading on mixed board

Kuwait Stock Exchange The Kuwait Stock Exchange (KSE) ended Tuesday’s trading on mixed board as the price index lost 13.7 points, reaching 6,735 points while the KSX 15 went up 4.92 points and the weighted More...

Commercial Bank of Qatar
By Staff writer On Wednesday, February 11th, 2015
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Commercial Bank Announces 2014 Financial Results

Commercial Bank of Qatar The Commercial Bank of Qatar and its subsidiaries and associates announced on Monday its financial results for the year ended Dec. 31, 2014, revealing that it made a net profit of QR 1.94 More...

Kuwait's real estate sales hit KD 4.3bln in 2014
By Staff writer On Tuesday, February 10th, 2015
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Kuwait’s real estate sales hit KD 4.3bln in 2014

Kuwait’s real estate sales hit KD 4.3bln in 2014 The Kuwait’s real estate market closed 2014 on a positive note, as the year saw record sales of KD 4.3 billion, a specialized report showed Monday. The More...

Todd McClay, Assistant Minister for Trade in New Zealand
By Staff writer On Tuesday, February 10th, 2015
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New Zealand seeks to strengthen trade ties with UAE

Todd McClay, Assistant Minister for Trade in New Zealand Todd McClay, Assistant Minister for Trade in New Zealand, has said that he would work during his official visit to the United Arab Emirates, which started More...

Dubai Government Achievements Exhibition to open in March
By Staff writer On Tuesday, February 10th, 2015
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Dubai Government Achievements Exhibition to open in March

Dubai Government Achievements Exhibition to open in March Under the patronage of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Dubai Government Excellence More...

Dubai's food trade gears for major jump in exports as demand soars across target markets
By Staff writer On Tuesday, February 10th, 2015
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Dubai’s food trade gears for major jump in exports as demand soars across target markets

Dubai’s food trade gears for major jump in exports as demand soars across target markets Rising global demand along with increasing domestic industrial output and a growing appetite for new export markets More...

Noor Trade joins Gulfood as official banking partner
By Staff writer On Tuesday, February 10th, 2015
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Noor Trade joins Gulfood as official banking partner

Noor Trade joins Gulfood as official banking partner Noor Trade, the Sharia-compliant banking service offered by Noor Bank to small and medium enterprises, has been announced as the Official Banking Partner for More...

oil
By Staff writer On Tuesday, February 10th, 2015
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OPEC daily basket price for Friday 6th February 2015

oil The price of OPEC’s basket of twelve crudes stood at US$53.36 a barrel on Friday, compared with $50.81 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

GCC countries' investments in Sudan USD 20 bln
By Staff writer On Tuesday, February 10th, 2015
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GCC countries’ investments in Sudan USD 20 bln

GCC countries’ investments in Sudan USD 20 bln Gulf Cooperation Council (GCC) countries have USD 20 billion worth of investments in Sudan, Investment Minister Mustafa Othman Ismail said Monday. Ismail was More...

Arab Fund lends Jordan USD 100 mln
By Staff writer On Tuesday, February 10th, 2015
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Arab Fund lends Jordan USD 100 mln

Arab Fund lends Jordan USD 100 mln Kuwait-based Arab Fund for Social and Economic Development (AFSED) and Jordan have initialled an agreement of USD 100 million easy loan to the Hashemite Kingdom. The loan will More...

Kuwait Chamber of Commerce and Industry (KCCI)
By Staff writer On Tuesday, February 10th, 2015
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Kuwait, Ukraine mull closer economic ties

Kuwait Chamber of Commerce and Industry (KCCI) The Kuwait Chamber of Commerce and Industry (KCCI) has affirmed its keenness on achieving closer relations with Ukraine, especially the economic ties between the two More...

Hala February Shopping Festival
By Staff writer On Tuesday, February 10th, 2015
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Hala February Shopping Festival extended to Feb 21

Hala February Shopping Festival Hala February Shopping Festival of 2015 is extended until February 21st, the higher organizing committee announced Monday. The extension was made upon request and desire of participating More...

Ooredoo, Alfardan Properties Sign MoU to Build Smart Homes
By Staff writer On Tuesday, February 10th, 2015
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Ooredoo, Alfardan Properties Sign MoU to Build Smart Homes

Ooredoo, Alfardan Properties Sign MoU to Build Smart Homes Telecommunications group Qatar Ooredoo and Alfardan Properties Monday signed a Memorandum of Understanding (MoU) to build ‘Smart Living Homes’ More...

Qatar Airways Announces Four-day Sale to Celebrate Qatar Sports Day
By Staff writer On Tuesday, February 10th, 2015
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Qatar Airways Announces Four-day Sale to Celebrate Qatar Sports Day

Qatar Airways Announces Four-day Sale to Celebrate Qatar Sports Day Qatar Airways is celebrating Qatar’s 4th National Sports Day with a fabulous four-day promotion offering customers in Doha up to 40% savings More...

Mohammed Saleh Abdullah Al Sada, Qatar, Minister of Energy and Industry
By Staff writer On Tuesday, February 10th, 2015
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Minister of Energy Announces Important Research Areas on Environment

Mohammed Saleh Abdullah Al Sada, Qatar, Minister of Energy and Industry HE Qatar’s Minister of Energy and Industry Mohammed Saleh Abdullah Al Sada announced existance of a lot of important projects and research More...

Ooredoo to Host Activity-Packed Festival of Sport on Qatar Sports Day
By Staff writer On Monday, February 9th, 2015
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Ooredoo to Host Activity-Packed Festival of Sport on Qatar Sports Day

Ooredoo to Host Activity-Packed Festival of Sport on Qatar Sports Day Ooredoo has announced its activity-packed schedule for Qatar Sports Day, designed to engage with people across Qatar and encourage them to take More...

Qatar International Islamic Bank
By Staff writer On Monday, February 9th, 2015
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QIIB Reports QR 826 Million Net Profit for 2014

Qatar International Islamic Bank Qatar International Islamic Bank (QIIB) disclosed its financial results for the full year 2014, showing that it achieved total revenues of QR 1.52 Billion, while its net profit amounted More...

Agthia Group
By Staff writer On Monday, February 9th, 2015
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Agthia Group 2014 net profit increases 22 percent

Agthia Group The Agthia Group today reported preliminary unaudited results for the full year 2014. Net profit increased 22 percent from the previous year to AED193.3 million, while net sales grew 9 percent to AED1.66 More...

United Arab Shipping Company
By Staff writer On Monday, February 9th, 2015
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UASC expands in South America

United Arab Shipping Company The United Arab Shipping Company, UASC, today appointed he Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay. The appointment is the latest milestone More...

Talal Al Mazrooei, Deputy CEO, Emirates Money
By Staff writer On Monday, February 9th, 2015
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UAE national appointed Deputy CEO of Emirates Money

Talal Al Mazrooei, Deputy CEO, Emirates Money Emirates Money, a subsidiary of Emirates NBD, announced today the appointment of Talal Al Mazrooei as Deputy CEO. Al Mazrooei, a UAE national who has been with Emirates More...

EGA Jebel Ali site launches project to enhance operations
By Staff writer On Monday, February 9th, 2015
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EGA Jebel Ali site launches project to enhance operations

EGA Jebel Ali site launches project to enhance operations The Jebel Ali smelter site owned by Emirates Global Aluminium PJSC (EGA) has launched a project to enhance operations, targeting energy optimisation and More...

middle east investment conference 2015
By Staff writer On Monday, February 9th, 2015
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Kuwait to host 2015 Middle East Investment Conf. on Tuesday

middle east investment conference 2015 Kuwait will host on Tuesday the 2015 Middle East Investment Conference sponsored by the Citibank and to be attended by Minister of Finance Anas Al-Saleh. The conference will More...

US dollar, Kuwaiti dinar
By Staff writer On Monday, February 9th, 2015
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USD stable against KD at 0.295

US dollar, Kuwaiti dinar The exchange rate of the US Dollar against the Kuwaiti Dinar was stable on Sunday exchanging at KD 0.295, while the Euro dropped to KD 0.334 compared to Thursday’s exchange rates, More...

kuwait stock exchange
By Staff writer On Monday, February 9th, 2015
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KSE main indices settle in green zone

kuwait stock exchange Kuwait Stock Exchange (KSE) closed Sunday’s session with the three key indices settling in the green zone. Prince index climbed 55 points to 6,755, while the weighted index and KSX 15 More...

Gold
By Staff writer On Monday, February 9th, 2015
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Recent Gold earnings drop

Gold Gold prices lost three percent of earnings posted in end of the past week, affected with a robust US dollar, closing at USD 1,235 per ounce, USD 37 lower as compared to the opening rate. Sales increased during More...

Foreign investors purchased AED 2.2bn worth of shares on Dubai Financial Market over the week
By Staff writer On Saturday, February 7th, 2015
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Foreign investors purchased AED 2.2bn worth of shares on Dubai Financial Market over the week

Foreign investors purchased AED 2.2bn worth of shares on Dubai Financial Market over the week Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, from More...

opec
By Staff writer On Saturday, February 7th, 2015
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OPEC daily basket price stood at $50.81

opec The price of OPEC basket of twelve crudes stood at 50.81 dollars a barrel on Thursday, compared with $52.22 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

Kuwaiti oil crude barrel down USD 2.39, reaching USD 48.28
By Staff writer On Saturday, February 7th, 2015
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Kuwaiti oil crude barrel down USD 2.39, reaching USD 48.28

Kuwaiti oil crude barrel down USD 2.39, reaching USD 48.28 Price of Kuwaiti crude oil barrel went down USD 2.39 reaching USD 48.28 per barrel on Thursday, compared to USD 50.67 per barrel on Wednesday, according More...

Ras Al Khaimah Free Trade Zone Connects Warehouses to FEWA, Ensuring Continuous Power and Reducing Costs
By Staff writer On Friday, February 6th, 2015
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Ras Al Khaimah Free Trade Zone Connects Warehouses to FEWA, Ensuring Continuous Power and Reducing Costs

Ras Al Khaimah Free Trade Zone Connects Warehouses to FEWA, Ensuring Continuous Power and Reducing Costs In an effort to substantially reduce clients’ electricity bills, Ras Al Khaimah Free Trade Zone ( RAK More...

GCC countries' investments in Sudan USD 20 bln
By Staff writer On Friday, February 6th, 2015
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Innovation agenda a key focus for GCC governments, says GPCA

Innovation agenda a key focus for GCC governments, says GPCA Regional governments have put innovation front and center on their national agenda, as evidenced by the growing R&D budgets in the Arabian Gulf, said More...

Sharjah Investment and Development Authority (Shurooq)
By Staff writer On Friday, February 6th, 2015
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Global Infrastructure FDI to be a key focus of World Forum for Foreign Direct Investment in Sharjah

Sharjah Investment and Development Authority (Shurooq) The Sharjah Investment and Development Authority (Shurooq) has announced that a panel of leading business executives, moderated by David Hamod, the President More...

DP World Reports 8.9% Volume Growth In 2014
By Staff writer On Friday, February 6th, 2015
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DP World Reports 8.9% Volume Growth In 2014

DP World Reports 8.9% Volume Growth In 2014 DP World Limited handled 60 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2014, with gross container volumes growing More...

OPEC
By Staff writer On Friday, February 6th, 2015
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OPEC daily basket price for Wednesday announced

OPEC The price of OPEC basket of twelve crudes stood at US$52.22 dollars a barrel on Wednesday, compared with $51.77 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes More...

Gulf Petrochemicals and Chemicals Association (GPCA)
By Staff writer On Friday, February 6th, 2015
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Qatar, Saudi Arabia Among Top 40 Investors in Research and Development Last Year

Gulf Petrochemicals and Chemicals Association (GPCA) Qatar and Saudi Arabia made up the top 40 investors in research and development worldwide in 2014, the Gulf Petrochemicals and Chemicals Association (GPCA) said More...

Abdulla Saleh Al Raisi, CEO, Commercial Bank
By Staff writer On Friday, February 6th, 2015
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Al Khaliji and CBQ Allot QR 1.26 Billion for Rayyan Road Project

Abdulla Saleh Al Raisi, CEO, Commercial Bank Al Khalij Commercial Bank (al khaliji) and Commercial Bank of Qatar (CBQ) have completed a joint financing deal of QR 1.26 Billion for the QR 3.43 Billion Al Rayyan Road More...

Qatar Stock Exchange
By Staff writer On Friday, February 6th, 2015
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Qatar Exchange Index Gains 621.03 Points This Week

Qatar Stock Exchange Qatar Exchange index gained 621.03 points (+5.22%) this week when the bourse closed Thursday at 12,520.66 points. Trading value during this week increased by 73.36% to reach QR 3,512,095,718.22 More...

kuwait stock exchange
By Staff writer On Friday, February 6th, 2015
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KSE gains favorable incentives in week’s trading

kuwait stock exchange The hike in Kuwait Stock Exchange (KSE) trading this week was the outgrowth of a set of positive incentives, primarily flowing corporate disclosure reports on 2004’s financial performance, More...

Kuwaiti dinar
By Staff writer On Friday, February 6th, 2015
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US dollar up against Kuwaiti dinar at KD 0.295

Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was up at KD 0.294 on Thursday, while the euro went down to KD 0.338 compared to Wednesday’s rates. The Central Bank of Kuwait said More...

MENA Reveal of Jaguar XE and Range Rover Sport SVR at Qatar Motor Show 2015
By Staff writer On Thursday, February 5th, 2015
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MENA Reveal of Jaguar XE and Range Rover Sport SVR at Qatar Motor Show 2015

Jaguar XE – lightest, stiffest, most aerodynamic Jaguar ever built Jaguar XE Exhilarating performance, precise handling and supple ride offered with the XE Range Rover Sport SVR – fastest and most powerful More...

oil barrel
By Staff writer On Thursday, February 5th, 2015
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OPEC daily basket price for Tuesday, 3rd February 2015

oil barrel The price of OPEC’s basket of twelve crudes stood at US$51.77 dollars a barrel on Tuesday, compared with $48.19 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference More...

Rashed Al Balooshi, ADX Chief Executive and
By Staff writer On Thursday, February 5th, 2015
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ADX and NBAD launch Market Making Activity

Rashed Al Balooshi, ADX Chief Executive and The National Bank of Abu Dhabi, NBAD, will operate at the Abu Dhabi Securities Exchange, ADX, as the UAE’s first market maker, ADX said in a statement yesterday. NBAD More...

Board of Directors of UAE Central Bank holds meeting
By Staff writer On Thursday, February 5th, 2015
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Board of Directors of UAE Central Bank holds meeting

Board of Directors of UAE Central Bank holds meeting The Board of Directors of Central Bank of the UAE held its 1st meeting for 2015 yesterday in Abu Dhabi, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman More...

Etisalat Group nominated for five prestigious GSMA Global Mobile Awards
By Staff writer On Thursday, February 5th, 2015
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Etisalat Group nominated for five prestigious GSMA Global Mobile Awards

Etisalat Group nominated for five prestigious GSMA Global Mobile Awards The Etisalat Group has been nominated for five prestigious Global Mobile Awards, according to an announcement from Groupe Speciale Mobile Association. The More...

Emirates Investment Bank reports financial results for the full year 2014
By Staff writer On Thursday, February 5th, 2015
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Emirates Investment Bank reports financial results for the full year 2014

Emirates Investment Bank reports financial results for the full year 2014 Emirates Investment Bank (EIBank) today announced its financial results for the fourth quarter and fiscal year ended 31 December 2014. Financial More...

Arab World Exports to Brazil at USD 11.427 billion in 2014
By Staff writer On Thursday, February 5th, 2015
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Arab World Exports to Brazil at USD 11.427 billion in 2014

Arab World Exports to Brazil at USD 11.427 billion in 2014 Brazil continues to cement its bilateral trade relations with Arab countries as reflected in a surge in exports from the region. According to statistics More...

Kuwait Trade volume with UK reached USD 6.1 bln in '14
By Staff writer On Thursday, February 5th, 2015
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Trade volume with UK reached USD 6.1 bln in ’14

Kuwait Trade volume with UK reached USD 6.1 bln in ’14 The trade volume with the United Kingdom reached GBP four billion (USD 6.1 billion) in 2014, Director General of Kuwait Direct Investment Promotion Authority More...

Kuwait Stock Exchange
By Staff writer On Thursday, February 5th, 2015
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KSE ends Wednesday’s session in green zone

Kuwait Stock Exchange Kuwai Stock Exchange (KSE) ended Wednesday in the green zone as the weighted index gained 2.81 points, reaching 447.5, the price index gained 13.1 points, recording 6,708.4 and the KSX 15 put More...

US dollar, Kuwaiti dinar
By Staff writer On Thursday, February 5th, 2015
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US dollar stable against Kuwaiti dinar at KD 0.294

US dollar, Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.294 on Wednesday, while the euro rose to KD 0.338 compared to Monday’s rates. The Central Bank of Kuwait More...

RasGas Achieves 5 Safety Milestones in 2014
By Staff writer On Thursday, February 5th, 2015
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RasGas Achieves 5 Safety Milestones in 2014

RasGas Achieves 5 Safety Milestones in 2014 RasGas Company Limited (RasGas) has recently celebrated five major safety milestones of 2014, including 50 million man-hours without a Lost Time Injury (LTI) at the corporate More...

Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy
By Staff writer On Wednesday, February 4th, 2015
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National Oil Companies lost 38 billion in 10 years, says Minister of Energy

Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, has said that the UAE local oil companies suffered significant losses due to lower More...

Oil
By Staff writer On Wednesday, February 4th, 2015
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Oman Crude Oil Financial Contract closes at US$53.77 at DME

Oil The price of Oman crude oil futures on the Dubai Mercantile Exchange, DME, for delivery of next April, went up by US$4.14 closing at US$53.77 a barrel at DME at 12:30 p.m., Dubai time. DME Oman crude oil is More...

oil
By Staff writer On Wednesday, February 4th, 2015
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OPEC daily basket price for Monday, 2nd February, 2015

oil The price of OPEC’s basket of twelve crudes stood at US$48.19 dollars a barrel on Monday, compared with $44.83 the previous Friday, according to OPEC’s Secretariat calculations. OPEC Reference Basket More...

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By Staff writer On Wednesday, February 4th, 2015
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ADSIC hosts honoring ceremony for WSA and 2015 WSA Mobile global champions

ADSIC hosts honoring ceremony for WSA and 2015 WSA Mobile global champions The Abu Dhabi Systems and Information Centre (ADSIC) hosted a ceremony to honour 40 winning international teams of the 2014 World Summit More...

kuwait stock exchange
By Staff writer On Wednesday, February 4th, 2015
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KSE indices mixed at closing of Tuesday’s session

kuwait stock exchange Kuwait Stock Exchange (KSE) indices settled on mixed boards at end of Tuesday’s session with the weighted index going up, posting a gain of 0.07 points. Price index follow the pursue More...

Saudi Arabia, jordan
By Staff writer On Wednesday, February 4th, 2015
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Saudi Arabia donate USD 176 mln to Jordan

Saudi Arabia, jordan Saudi Arabia signed five agreements Tuesday to donate USD 176 million to Jordan to finance development projects, part of the GCC’s collective USD five billion contributions to the Hashemite More...

Jazeera Airways passengers rise by 10 ptc
By Staff writer On Wednesday, February 4th, 2015
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Jazeera Airways passengers rise by 10 ptc

Jazeera Airways passengers rise by 10 ptc Jazeera Airways company announced on Tuesday an increase of 10 percent in its total passengers from December 2013, and an on-time performance of 95 percent. The increase More...

Commercial Bank Leads in a Joint Mandate Club Deal in Excess of QR1Billion
By Staff writer On Wednesday, February 4th, 2015
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Commercial Bank Leads in a Joint Mandate Club Deal in Excess of QR1Billion

Commercial Bank Leads in a Joint Mandate Club Deal in Excess of QR1Billion Commercial Bank has successfully concluded a financing arrangement of QR 1Billion in extended financing facilities to Joannou & Parakskevaides More...

Qatar Airways Participates in The Eighth Annual Qatar UK Career Fair
By Staff writer On Wednesday, February 4th, 2015
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Qatar Airways Participates in The Eighth Annual Qatar UK Career Fair

Qatar Airways Participates in The Eighth Annual Qatar UK Career Fair Qatar Airways Today announced that it will participate in the 8th Annual Qatar UK Career Fair, which will take place in London on Saturday 21 More...