Main headlines

May 13, 2013

International Air Transport Association
12:47 GMT

The UAE Cabinet has approved an agreement between the UAE and the International Air Transport Association (IATA)

RAK Petroleum plant
11:53 GMT

RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.

Tadawul FX offices
10:32 GMT

The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,195.17 points

Egypt Prime Minister Ahmad Qandil
10:30 GMT

Prime Minister Hesham Qandil stated that negotiations currently being held with the IMF to secure the country’s pending $4.8bn loan were ongoing

Colonel Sameer Jassim Showaiter, Mr. Mohamed Ahmed Mohamed Yateem and Mr. Silvan Varghese during the signing.
10:22 GMT

Khaleeji Commercial Bank (KHCB) has signed a three-way memorandum of understanding (MoU) with Bahrain Defence Force's Military Consumer Association (MCA) and its main supplier Glabrous International (GI).

Country will be “lucky to go past” its current oil production of about 9 mbpd by 2020
10:09 GMT

Saudi Arabia’s energy minister said the kingdom has no plans to dramatically expand its oil production capacity to 15 million barrels per day

May 12, 2013

The GCC projects industry is expected to have another stellar year in 2013
12:49 GMT

The GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is expected to reach $1.35 trillion by year-end, significantly higher than the $ 730 billion total last year.

The GCC projects industry is expected to have another stellar year in 2013.
12:46 GMT

The GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is expected to reach $1.35 trillion by year-end, significantly higher than the $ 730 billion total last year.

President Jacob Zuma addresseS the World Economic Forum plenary session on BRICS. (Photo: GCIS)
11:48 GMT

Two of Africa's biggest economies sign memoranda of understanding

The exhibition will showcase the latest technology in energy management
11:15 GMT

Bahrain will host the Energy Management Conference and Exhibition 2013

Omani Students Society in London
10:55 GMT

Omani Students Society in London (OSSL) organised their second knowledge sharing programme, 'Talk of the Season'

Asha 501
06:06 GMT

Nokia is preparing to launch Asha 501 across the Saudi market in July. A senior Nokia executive made this announcement as the company unveiled a new family of Asha smart phones in New Delhi.

The drop in Facebook's shares is considered the prime reason for the dip in its deal prices.
06:06 GMT

Social media giant Facebook is in talks with GPS mobile app Waze for a deal worth a whopping one billion dollars.

The step will pave the way for qualified companies to become suppliers for Qatar Shell
05:40 GMT

Qatar Shell has unveiled new supply chain business opportunities for local companies following the agreement it signed with Qatar Development Bank (QDB) earlier this year to provide local companies and manufacturers access to new business opportunities,

Central Bank of Oman
05:40 GMT

The Central Bank of Oman (CBO) has mandated all banks operating in the sultanate to allocate five per cent of their total credit portfolio to small and medium enterprises (SMEs) by the end of December 2014.