Main headlines

June 6, 2013

Overview of the Business Bay
12:24 GMT

Dubai-based Arabtec Holding said yesterday it has been awarded a Dh810 million contract to build a 5-star hotel and apartments in Business Bay Dubai.

Abu Dhabi Index
12:23 GMT

Led by real estate and banking stocks, Abu Dhabi index rose moderately yesterday after a day of decline, its highest close since October 2008. The benchmark gained 0.76 per cent to end at 3599.29.

Iraq has been one of the countries Sudan has turned to for help with its financial woes
10:54 GMT

Sudan's investment minister Mustafa Osman Ismail has announced that the Iraqi government agreed on Tuesday to sell it oil but pay for its price at a later date.

Most of the waste in energy happened at night because lights and air conditioners were left on in offices
10:51 GMT

According to a preliminary energy audit conducted by Tecom in its facilities, a robust building operating practice would reduce energy consumption by 10 per cent immediately.

DFRE has prepared a line-up of events for DSS including the June 20 re-opening of the Modhesh World
10:43 GMT

This Friday, all roads will lead to Dubai as the 16th edition of the Dubai Summer Surprises (DSS) kicks off with shopping bargains in participating malls and family-centred entertainment activities for the month-long festival.

The CITC had announced earlier this year that it was watching Viber and other free Internet communications sites, including WhatsApp and Skype.
05:30 GMT

Expatriates are likely to find it more difficult to stay in contact with their loved ones at home with the banning of Viber by Saudi Arabia's telecommunications regulatory authority.

The report said that mobile-broadband subscriptions grew even faster over this period reaching around 1.7 billion.
05:00 GMT

Mobile subscriptions in the Middle East grew nine per cent year-on-year — or eight million — to 284 million in the first quarter of this year, mainly fuelled by strong growth in smartphones.

June 5, 2013

International Bank of Azerbaijan (IBA)
13:10 GMT

International Bank of Azerbaijan (IBA), the country's biggest lender, plans to raise $100 million through an Islamic syndicated loan this year to develop Islamic banking in the country, the bank said in a statement.

Etisalat currently offers three different cloud Compute models
12:21 GMT

The new pay-as-you-go service called Cloud Compute was announced yesterday.

All but one of the 30 stocks in the index fell
12:15 GMT

Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.

The services (EK087, EK088) will offer 1,100 more seats every week
11:29 GMT

Airline to introduce the double-decker aircraft from January amidst "robust demand" for business and leisure traffic.

While 1,842 of the total buildings were new, 137 were extensions to existing ones.
11:26 GMT

A total of 2,461 residential units were completed in Abu Dhabi during the first quarter of 2013, down 6.2 per cent compared to Q1 2012, according to official data from the Statistics Centre – Abu Dhabi (SCAD).

Bank Saderat Iran
11:12 GMT

A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's leadership and helping it evade the pinch from international sanctions on Tehran's nuclear program,

The Boston Consulting Group
06:00 GMT

Private financial wealth in the Middle East and Africa (MEA) is poised to grow 35 per cent to $6.5 trillion by 2017 driven by new wealth creation linked to strong economic expansion.

Mohammad Al-Hashel, the governor of the Central Bank of Kuwait
05:30 GMT

SINGAPORE: Islamic banks can help finance Asia’s burgeoning infrastructure investment needs while continuing to adhere to fundamental Sharia tenets, executives said yesterday.