Featured Articles

February 16, 2015

The sub-headline of the pro-government Al-Masry Al-Youm newspaper 's lead story on 3 February proclaimed: "Egypt to confront summer blackouts with Israeli gas. "
04:26 GMT
More than four years later, Egyptian officials are negotiating a reversal of the gas deal through the very same pipeline that exported the gas to Israel.

February 15, 2015

Global oil prices rallied this week having fallen 60 percent in six months.
16:32 GMT
The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if its oil output and prices on international markets continue to fall.
Opec officials have expressed cautious optimism about the price recovery and noted signs of higher demand.
09:30 GMT
The world's three big energy agencies are forecasting higher demand for Opec's crude oil this year, a sign the producing nations' strategy to let prices fall is starting to win them back market share from rivals who are cutting output.

February 12, 2015

According to the aide, the economic cluster, which regularly reports to the president emphasises on developing the agricultural sector
08:30 GMT
Concerned about the current decline in prices of crude oil in the global market, South Sudan is turning to mining sector to reduce dependency on oil resources.
Emiratis ended up working for banks, but when it comes to other industries, the rate is still low
08:17 GMT
While the private sector employment rate for Emiratis may be increasing over the years, increasing the Emirati workforce in a number of private sectors, including the insurance industry, remains a challenge.
Over 1 billion people and 20 million businesses use our cloud services in more than 76 markets worldwide
07:19 GMT
Despite a remarkable improvement in Internet connectivity, Lebanon is still in need of more broadband capacity to enable the country to become a hub for cloud computing.
The Dubai Financial Market General Index ended down 0.63 per cent lower at 3,906.60, after losing nearly 0.50 per cent in the previous session
06:29 GMT
The Dubai index fell on Wednesday, extending losses for another session from their highest level in nearly a month, weighed by weak crude oil. Saudi’s Tadawul index also fell.

February 11, 2015

Putin and Sisi made a brief statement after officials signed a memorandum of understanding to build a nuclear power plant in Dabaa on the Mediterranean coast – Egypt’s first
08:03 GMT
Russian President Vladimir Putin met his Egyptian counterpart Tuesday and agreed a deal to build a nuclear plant, as he sought to boost ties on his first visit to Cairo in a decade.
The single GCC currency can be implemented, provided the GCC countries unify their policies like the EU
07:43 GMT
Sharjah’s economy is healthy and safe and does not entirely depend on one particular sector, with no industry representing more than 20 per cent of GDP.
Energy Minister Dr Abdulhussain Mirza
07:38 GMT
Energy Minister Dr Abdulhussain Mirza has called on companies across the country to view employees and the community as essential ingredients to achieve sustainability in the business world.

February 10, 2015

The food sector in Dubai already accounts for 10 percent of the emirate’s industrial production.
10:27 GMT
Rising global demand along with increasing domestic industrial output and a growing appetite for new export markets have created a favourable situation for the UAE foods sector.
Oil prices will likely recover in the second half of the year, a UBS analyst said. (Image: Arab News)
10:18 GMT
The oil price will likely recover in the second half of the year as supply growth starts to slow and demand picks up, according to a leading investment analyst.
UAE officials point to the important role of women in the economy.
07:16 GMT
Twenty-five per cent of the UAE’s needs will be supplied by clean nuclear energy when the first nuclear plant will be launched in 2017.
In the fourth quarter of 2014, a total of 64 major contracts EPC, Feed and Subsea/SURF were awarded across 53 upstream developments
06:53 GMT
The number of major contract awards across the global oil and gas industry has steadily declined during the last quarter of 2014, dropping to 117 contract awards, a 22 per cent decrease compared to 150 in Q3 2014, but on par with the 118 contracts awarded in Q4 2013.

February 9, 2015

Taking place from 8 – 12 February 2015 at Dubai World Trade Centre (DWTC), Gulfood 2015 is the biggest edition in the show’s history
12:37 GMT
A $11b project helmed by Shell can provide the scale absent until now.