Main headlines

March 31, 2014

Tourism dirham will not discourage travellers from staying at hotels in Dubai since they are paying a small fee
08:55 GMT

The tourism dirham, a new fee announced by the Dubai Department of Tourism and Commerce Marketing (DTCM) in January, takes effect on Monday.

Breaking down the power usage numbers between 2005 and 2012, the consumption of electricity has risen steadily over the seven-year study period
07:55 GMT

The National Center for Statistics and Information (NCSI) has said that electricity consumption in the sultanate has seen a dramatic 149.5 per cent increase.

The overarching patent battle between Apple and Samsung shows no sign of slowing, after mediation talks failed yet again ahead of the trial.
07:09 GMT

Samsung’s legal tactic mimics Apple’s lyrical retelling of the “revolutionary” iPhone’s creation by its late founder Steve Jobs at the 2012 trial.

The programme aims to offer an environment that gives a sense of normality, purpose and hope to vulnerable youths who are forced to live in refugee camps, the statement said.
06:44 GMT

The programme includes several training disciplines, including tailoring, electrical wiring, IT and business skills, as well as supporting classes in Arabic, mathematics and life skills.

March 30, 2014

Tourism receipts plummeted 65 percent, depicting a $2 billion drop in revenues in the first quarter of the current financial year in comparison to the prior year.
22:19 GMT

Despite falling tourism revenues, the current account was able to achieve a surplus due to grants received from Gulf states in the three months following the removal of Muslim Brotherhood president Mohamed Morsi.

Oil exports are expected to decline as market loosens, bringing the price down this year.
22:03 GMT

NBK estimated the country’s trade balance will shrink further in 2014 but stated that it will still remain substantial

The rise in expenditure is primarily driven by official initiatives to offer more government services online and on mobile platforms
10:51 GMT

Business IT spending in the UAE is forecast to reach $4.36 billion in 2014, increasing 8.3 per cent year-on-year, according to a report from International Data Corporation (IDC).

What will the future hold for a post-sanction Iranian economy? (Image: Innoverto)
10:49 GMT

Companies around the world are eager to find out what the temporary relaxation of sanctions, in addition to the future expected lifting of sanctions, could mean for accessing the Iranian market.

Lukoil is Russia's second largest oil producer (File Archive)
10:00 GMT

Russia's Lukoil has started its commercial production operations near Iraq's Basra this week.

UAE's government seeks to become an entirely Smart Government by mid-2015 (File Archive)
08:19 GMT

Etisalat is now upgrading smartphone service up to 3g for Emirati customers for whopping $82.

The success of Souq.com and the promising survey results of MasterCard and PayPal have raised more positivity about the acceptance of such e-commerce web portals
06:11 GMT

Souq.com, an aptly named domain for the Arabic term for ‘shopping markets’, was started nearly around a decade ago in 2005 and formed one of the major revolutionising business paradigm for the Middle Eastern region.


“Either this target is not realistic or new quantum leaps will have to be made to reach it,” Arıtak said.
04:26 GMT

Ambitious economic goals, like making Turkey one of the world's 10 largest economies are now less likely than ever before, according to market analysts.

March 28, 2014

It said 12 of these would be transport helicopters and the other 10 would be the frigate version. Qatar will also acquire two Airbus-made refueling tankers.
23:58 GMT

Qatar will buy 22 NH90 military helicopters from a unit of European aerospace group Airbus worth nearly two billion euros ($2.8 billion), the French defense ministry said Thursday.

The store features over 100 smart applications developed by the UAE local and federal agencies to provide services to about 700 customers in a single location.
23:43 GMT

Shaikh Mohammed said: “The aim is to make smart services part of the daily life of the society. The smarter the services are, the happier people become.”

March 27, 2014

The multi-million dollar contract will be a big investment between America and the UAE. (File/AFP)
15:28 GMT

American firms Parsons and Halcrow will begin next phase of construction plan, awarded by Dubai's Roads and Transport Authority.