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April 9, 2015

Visitors are attracted by the region’s legendary climate — an average of over nine hours’ sunshine per day (Image: file/ photo)
06:56 GMT
Dubai’s status as a world-class holiday, business and leisure destination shows no sign of diminishing, and actually looks to be on the increase in the run-up to Expo 2020.

April 8, 2015

The savings from generating solar during the daytime, instead of consuming gas, are so great that they could justify 17,500 megawatts of PV in the UAE by 2030. (Image: file/photo)
09:07 GMT
The UAE can achieve energy system savings of $1.9 billion (Dh6.98 billion) annually by 2030 by producing a 10 per cent share of renewable energy in its total energy supply and almost 25 per cent in the power sector.
A full deal on Iran’s nuclear facilities and sanctions would be the historical bookend that begins to reverse the negative regional consequences of the 1979 revolution. (Image: file photo)
08:06 GMT
The consummation of a full, multidecade agreement between Iran and the P5+1 (the five permanent members of the United Nations Security Council plus Germany), based on last week’s agreed parameters of a Joint Comprehensive Plan of Action on Iran’s nuclear program, is likely to have monumental consequences – mostly for the better – across the Middle East.
In 2014, Bahrain and the UAE were less affected by the slump in oil prices than other GCC countries, due to the diversification of exported goods. (Image: Pixabay)
08:00 GMT
Heavily dependent on oil and gas revenues, GCC countries must increase economic diversification and strengthen the non-oil sectors to sustain growth and maintain fiscal surplus in the distant future.
Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran.
07:10 GMT
Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran, just days after Tehran and world powers reached a framework nuclear deal, and with the OPEC nation’s oil minister due to arrive Thursday.

April 7, 2015

The nuclear agreement between Iran and world powers could lead to a burst in the country’s oil exports and open the way for international energy groups to return to the country after a five-year absence.
08:57 GMT
The nuclear agreement between Iran and world powers could lead to a burst in the country’s oil exports and open the way for international energy groups to return to the country after a five-year absence.

April 6, 2015

Egypt's escalating military involvement in the Yemen conflict has had a negative impact on investor's confidence. (Image: file photo)
08:58 GMT
Investor bearishness and hostilities in Yemen weigh heavily on Egyptian stock market as stocks fall sharply for the second consecutive session.
The probe's journey is expected to take nine months and travel more than 60 million kilometers. (Image: planetfacts.org)
07:49 GMT
UAE Space Agency visits NASA to meet key industry players in a bid to launch a mission to Mars by 2021.
National Bank of Abu Dhabi managed around $3.9 billion (Dh14.3 billion) of international Sukuk issuance in the first quarter of 2015, representing about 69 per cent of the global market by value.
07:16 GMT
National Bank of Abu Dhabi managed around $3.9 billion (Dh14.3 billion) of international Sukuk issuance in the first quarter of 2015, representing about 69 per cent of the global market by value.
Celeb stoner Bob Marley. The Tobacco Traders Association has called for a 10% tax on cannabis, which could potentially save EGP 4.2bn. (Image: Hippi.in)
07:05 GMT
The head of the tobacco traders association in Cairo has submitted a proposal to legalize the hashish trade as a means of decreasing the national budget deficit.

April 5, 2015

The Nile River and basin as seen from space. The Baro-Akobo-Sobat sub-basin stretches from Ethiopia to South Sudan. (Image: WIkipedia)
14:32 GMT
The study takes into account irrigation, wetland management, basin rehabilitation, power generation and will address the cross-border implications of the projects.
The new law contains 378 articles intended to promote sustainable economic development and to strengthen competitiveness. (Image: File photo)
12:18 GMT
New companies law in the UAE eases flotation rules and raises the level of regulation to international standards.
The Jaber border crossing (known as the Nasib border in Syria) was closed following clashes between rebels and Syrian government troops. Lebanese truckers were kidnapped and goods seized during the fighting. (Image: AFP/File)
07:29 GMT
The closure of the Nassib border crossing between Jordan and Syria following violent clashes cuts off a vital network for trade between Lebanon, Syria, Jordan and Gulf countries.

April 3, 2015

“It is likely that the talks would not lead to a sudden release in sanctions, but rather, Iranian crude would slowly flow out into the western market.”
18:34 GMT
Iran is said to be having more than 20 million barrels of oil stored offshore in super tankers ready to be shipped in a month or two if sanctions are removed.
Yemen’s significance lies in its strategic location near oil tanker shipping routes in the Gulf of Aden and the Red Sea.
18:13 GMT
Oil supply shock trade is not expected to last that long.