Main headlines

April 4, 2014

According to SFD sources, around 50 companies were referred to the Public Prosecution last year. Altogether 84 cases were registered during the same time.
08:41 GMT

Prison sentences for periods ranging between one and three years have been handed down to more than 40 people, including expatriates and nationals, for visa trading

April 3, 2014

The LED lighting system has revolutionised the lighting industry
12:55 GMT

The Abu Dhabi City Municipality’s initiative to replace the old lighting systems in six pedestrian underpasses with modern LED lights has helped reduce their power consumption by 33 per cent.

Rental rates for prime two-bedroom apartment on Abu Dhabi Island now average Dh200,000 per year
10:55 GMT

Average apartment prices in Abu Dhabi gained 9 per cent during the first quarter of 2014, slowing 2 per cent from the previous quarter’s rise of 11 per cent.

“There are few risks and big profits in Turkey. It is an ideal country” for investments, Gul told a Kuwaiti-Turkish business forum in Kuwait City.
07:50 GMT

“Very little investments come from GCC states… You invest your money in Europe and Europe invests in Turkey,” said Gul.

Additionally, Zain Iraq is aggressively expanding its network and rolling out commercial services in the more affluent northern region of the country.
03:58 GMT

The Murabaha facility which was signed on favorable terms will be used to meet Zain Group’s operational and expansion financing needs

New features of the device include dust and water resistance, and fingerprint and heartbeat scanners.
03:55 GMT

Apple was the first to include a fingerprint scanner in its premium line with the iPhone 5S, but Samsung’s version offers greater functionality, and is usable with PayPal digital payments.

He said Saudi Arabia required at least 10 more universities within the next five years to meet the requirements of its growing population.
03:47 GMT

This brings the total number of public universities in the Kingdom to 28.

April 2, 2014

ICT spending in the Middle East is expected to reach $211.1 billion this year
11:40 GMT

IT budgets are not increasing substantially across the world and that is hardly able to cover the global inflation.

Compared to 2013, Dubai traders’ expectations grew 0.5 points in 2014 from 6.0 points
11:29 GMT

Dubai commercial traders’ expectations about the market rose to 6.5 points on a scale of one to 10 in 2014 showing positive outlook for the year ahead.

Pump oil from the Kirkuk oilfields to Turkey's Ceyhan is still stopped more than two weeks ago
08:53 GMT

A source in the North Oil Company said that the pumping oil from the Kirkuk oilfields to the Turkish port of Ceyhan is still stopped

The rents continue to increase for all the areas in Dubai
07:45 GMT

With the removal of the rent cap, housing costs will contribute to inflation, this year. In the UAE, headline inflation rate for 2013 was at 1.1 per cent.

The solar plant is expected to be ready and connected to the national grid in mid-2015
06:56 GMT

Jordan will sign an agreement with Spain’s Elecnor this month to build a $150 million wind-operated power plant in the southern city of Maan.

April 1, 2014

Iran is urging high income countries to invest in its telecom sector (File Archive)
15:00 GMT

Iran's telecom sector is open and ready for business, with Tehran seeking investment from countries looking to establish partnerships in its developing telecom sector.

Oman enjoys breathtaking nature and something for everyone to enjoy. (Image: Oman-nature.com)
14:05 GMT

Oman is working on promoting tourism in the Sultanate across its neighboring GCC countries.

The UAE is the largest re-exporter of tea globally with over 60 per cent of the world’s market share. (Image: Gulf News)
13:32 GMT

300 delegates from over 30 countries will discuss tea at the annual Dubai forum.