Main headlines

May 16, 2013

Google was set to launch a music subscription service
11:40 GMT

“Expect to hear a lot of noise on new search products like Google Now and voice search integration.“

(Getty Images)
11:12 GMT

Alfa unrolled the country’s first commercial 4G data service in certain areas of Beirut Wednesday and Lebanon’s second mobile operator, touch, is set to follow suit next week.

"The recovery in the economy is solid, the expectation is around 4 per cent"
10:16 GMT

Dubai’s benchmark index continued yesterday from where it ended on Tuesday, as stocks maintained their upward trend to set new highs since October 2009.

DSI has bid for mechanical works at Abu Dhabi’s midfield airport terminal project
05:40 GMT

“Abu Dhabi, I think, is expected to release a lot of work this year, including the building of the new Dh2 billion Khalifa hospital,” said Tabari.

May 15, 2013

Saudi Arabia has resorted to strong fiscal stimulus measures
13:57 GMT

Saudi Arabia’s real GDP is estimated to have expanded 6.8 percent in 2012.

Bank Muscat
12:51 GMT

The private placement amounting to 5.28 per cent shareholding stems from the bank’s overall capital augmentation plan.

 UAE researchers discover biodiesel to run motor engines
10:31 GMT

UAE researchers have discovered the oil extracted from microalgae as a promising alternative to diesel, saying it can run motor engines effectively without any modifications.

The group’s net production averaged 61,400 barrels of oil
10:27 GMT

Revenue from the sale of hydrocarbons during the period was Dh557 million ($152 million).

Premium growth was largely in the medical insurance business in UAE
01:23 GMT

Oman National Investment Corporation Holding (ONIC) has reported a net profit of RO3.08mn for the first quarter ended March 31, 2013.

May 14, 2013

Central Bank of Oman
13:16 GMT

The Central Bank of Oman has urged licensed banks operating in the Sultanate to show more interest in financing small and medium enterprises.

Kuwaiti Parliament (Getty/AFP)
11:53 GMT

Kuwait’s GDP has been forecast to grow 1.1 per cent in 2013 as oil prices and production stabilises.

Institute of International Finance (file photo)
10:46 GMT

The UAE’s economic growth is projected to moderate to 3.6 per cent in 2013 from an estimated growth of 4.8 per cent last year.

Air Arabia
09:58 GMT

Air Arabia said on Monday its net profit for the first quarter of 2013 jumped 20 per cent to Dh59 million.

Islamic banking needs separate regulations and reporting standard
03:55 GMT

Central banks of the Islamic countries have been urged to adopt a separate set of regulation to reduce confusion among Muslim scholars

Dubai Financial Market
03:17 GMT

The UAE markets rose in tandem on Monday, with Dubai Financial Market gaining 0.50 per cent and Abu Dhabi Securities Exchange 0.43 per cent.