Main headlines

May 19, 2013

Ever wondered why Oman Air cabin crew were so nice?
12:25 GMT

Oman Air has committed RO2mn ($5,2 million) to staff training in 2013, having already invested more than RO3.3mn (some $8 million) over the previous two years.

The performance of the UAE stock markets is broadly in line with the rise in global stock markets
11:27 GMT

Both the Dubai Financial Market and Abu Dhabi Securities Market are trading at a nearly four-year-high, reflecting a return of investor confidence.

Gold traders are predicting that demand will increase
11:14 GMT

Gold prices yesterday dropped to their lowest level for the second time in almost a month, sparking a shopping frenzy at gold shops across the Kingdom.

Ministry floats 11 tenders for Sharqiya internal roads
06:00 GMT

The Ministry of Regional Municipalities and Water Resources (MRMWR) has floated as many as 11 tenders for the design and construction of internal roads in South and North Sharqiya.

Omantel will offer redundant routed capacity with superior quality and the lowest latency
05:00 GMT

Omantel announced that it inked an agreement for another submarine cable, the 'Bay of Bengal Gateway' submarine cable system (BBG).

Qatari banks will continue to look at international expansion in 2013-14
05:00 GMT

The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March 2008 - March 2012 and another 20 percent in the year to March 2013.

May 16, 2013

Retail showed the best performance among sectoral indices
13:04 GMT

The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day.

Credit is likely to maintain the current trajectory
12:57 GMT

Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.

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.