Recent

The AEO2015 once again makes interesting reading, pointing to the changing horizon of the world of energy (image: on file).
April 19, 2015 - 14:40 GMT
The Annual Energy Outlook Report reveals just how much has changed.
The Transportation and Telecommunications Ministry has given local agents Taj Al Khaleej Travel and Tourism official permission to make the arrangements
April 19, 2015 - 14:21 GMT
Syrian Air is set to resume flights to and from Bahrain from May 2, a report said.
According to the resolution, the MBRSC is mandated to develop research, projects and studies on space.
April 19, 2015 - 13:50 GMT
The center will support UAE's drive for advancing this sector and for building national capabilities related to the space knowledge and science.
The chairman was at the helm of Arabtec during last June’s market crash, following a dispute that led to the resignation of CEO Hasan Ismaik and the dismissal of much of the management team.
April 19, 2015 - 12:49 GMT
Riad Kamal, who founded Arabtec in 1975, was also not on the list, although his departure was considered less surprising.
In its rating action, Moody’s has also lowered Bahrain’s foreign currency bond ceiling to Baa 1 from A3 and the foreign-currency deposit ceiling to Baa 3 from Baa2.
April 19, 2015 - 06:55 GMT
Moody’s Investors Service said on Thursday it has downgraded Bahrain’s long-term government issuer rating to Baa 3 from Baa2 due to expected deterioration in the government’s finances.
Moqaddam said that Chinese banks are investigating a plan to finance Iranian projects at three times the amount of money Iran has in China (image: on file).
April 19, 2015 - 05:55 GMT
Iranian Deputy Oil Minister Abbas Sheri Moqaddam has said that China has so far invested €20 billion in the country’s oil industry.
The UAE currently uses drones for official purposes such as to deliver documents and packages to its citizens as part of its efforts to upgrade government services.
April 19, 2015 - 05:55 GMT
It aims to enhance safety and security measures in Dubai’s airspace and will also regulate the usage of laser, fireworks, light beams and drones in the city.
The source further explained that Kuwait will be targeting between “5%-10% shares of large transactions” in Egypt.
April 19, 2015 - 04:55 GMT
Kuwait has completed the lengthy establishment of a company through which the state’s future investments in Egypt will be carried out.
Turkey has been declared as the host for the conference on Halal Tourism- a sector that is currently worth $150 billion (Dh550.5 billion).
April 17, 2015 - 12:36 GMT
Conference to discuss and shape the agenda on Halal Tourism
Saudi Arabia announced last July that it would permit direct foreign purchases of shares in the first half of 2015 (image: on file).
April 16, 2015 - 19:35 GMT
Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15.
Four new gas-powered power plants will have
a total capacity of 900 megawatts (image: on file).
April 16, 2015 - 19:13 GMT
Egypt has signed preliminary deals with Kuwait's Alghanim International for two energy-related projects worth a total of $1.6 billion.