July 14, 2013
The UAE’s average June oil output was unchanged from May at 2.73 million barrels per day, latest data from the Paris-based International Energy Agency showed.
The construction at the Mohammed bin Rashid Al Maktoum Solar Park project at Seih Al Dahal is in progress and going on schedule.
July 11, 2013
The Turkish operator of an electricity-producing barge assumes the responsibility for a monthlong stoppage in power production and urged the Lebanese state to seek compensation for the breach of the agreement terms.
The Customs Department said yesterday that it made SR 22.25 billion in revenues last year, 13.5 percent more than the revenue of 2011.
OPEC's share of the world market will shrink in 2014 as rising supply of U.S. shale oil gives the exporter group little comfort from the fastest growth in world demand in four years.
An exiled Iranian opposition group claimed on Thursday to have evidence of a hidden nuclear site located in tunnels beneath a mountain near the town of Damavand.
Harsher economic sanctions on Iran will result in a further squeeze in trade volumes with the UAE.
The UAE markets continued their upward trend on the first day of Ramadan amid lower volumes, with Dubai's General Index gaining for the fourth straight day.
A recent study conducted by the Amman Chamber of Commerce showed that amending the income tax rate would threaten the business environment in the Kingdom.
Despite their deep-rooted attachment to paper bills and coins, a growing number of UAE consumers are now keen to use mobile phones instead of cash to make payments.
July 10, 2013
A 75-year-old Palestinian businessman is on a $10 million mission to boost Arabic on the Internet, where it accounts for less than 1 per cent of websites despite being spoken by one in 20 people worldwide.
Industry and Trade Minister Hatem Halawani on Tuesday held talks with India’s Minister of State for Chemicals and Fertilisers Srikanta Kumar Jena on ways to boost bilateral cooperation between the two countries.
Saudi Arabia’s benchmark stock index (TASI) yesterday rose 13.27 points to finish at 7,708.52 after trading between 7,691.31 and 7,723.46.
The Syrian government is cracking down on black-market currency exchange businesses and individuals.
Saudi Arabia pledged $5 billion in grants and loans to Egypt's new government on Tuesday.