Oman’s fiscal gap sharply down
Rise in revenue cut deficit despite higher spending in 2010
Business
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Mena equity markets to see growth
Emirates NBD says valuations remain attractive
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Private jet business booms
Unrest in region reinforces Dubai’s position as key tourism destination
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Algosaibis to get bank data
BofA, Citibank, StanChart and HSBC told to hand over records
Economy & Finance
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Dubai forecasts 2.1% real growth in 2019, 3.8% in 2020, and 2.8% in 2021
Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to
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UAE-Saudi Coordination Council forms seven committees addressing 26 development fields
The Executive Committee of the UAE-Saudi Coordination Council announced the launch of seven joint committees at its
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ADNOC Distribution's share up eight percent to AED2.7
ADNOC Distribution traded high at AED2.7 on Sunday, eight percent higher than the last trading session with a volume of
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Investments to UAE expected to rise by 20% in 2019
The UAE Government’s new foreign direct investment, FDI, law passed in 2018 could accelerate FDI flows by up to 20
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India's central bank cuts rates a week before election
India's central bank cut interest rates on Thursday, delivering a shot in the arm to Prime Minister Narendra Modi ahead
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Brexit impact on Arab investments massive says UK Professor
The global economy is slowing down. Accurate reporting on global economic developments is crucial to keep the public
Corporate
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Dnata invests in US catering operations
Dubai-based dnata has opened a new, 4,700 sq. m (51,000 ft2) facility at George Bush Intercontinental Airport, IAH, and
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Dubai Airports honours airlines, concessionaires for their service
Dubai Airports honoured airlines, concessionaires and business partners who have demonstrated their commitment to
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Emirates to deploy Boeing 777-300ER to Male
Emirates airline has announced the deployment of its latest Boeing 777-300 ER aircraft fitted with the ‘Game Changer’
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Emaar Development to propose Dh1.04bn dividend to shareholders
Emaar Development has announced that it will propose the distribution of AED1.04 billion (US$283.15 million) dividend
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ADNOC reaches major milestone with first-ever UAE Calcined coke export shipment
The first ever shipment of UAE produced Calcined coke has begun its maiden voyage to mainland China. 10,500 tonnes of
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Dubai Municipality announces investment opportunities for major parks in the emirate
Dubai Municipality has announced several investment opportunities in the emirate's public parks, such as the event
Technology
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Ford invests $500m in electric vehicle startup Rivian
Ford Motor said Wednesday it was investing $500 million in Rivian as part of a strategic partnership with the startup
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Dubai Police roll-out ‘SPS-Express’
In their endeavour to ensure highest levels of safety and security to all members of society, the Dubai Police have
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Ministry of Education, Microsoft to upskill employees in AI and data science
The UAE Ministry of Education today announced that it will join forces with Microsoft to upskill its employees in the
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China to build moon station in 'about 10 years'
Beijing plans to send a manned mission to the moon and to build a research station there within the next decade, state
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Samsung delays folding phone launch after breaking issues
Samsung is pushing back this week's planned public launch of its highly anticipated, $2000 folding phone after reports
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China’s Huawei says 1Q sales up 39%
Chinese tech giant Huawei said Monday its revenue rose 39% over a year earlier in the latest quarter despite U.S.
Energy
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Drydocks World completes 5th project for Arabian Gulf oil and gas fields
Drydocks World has completed the 5th Wellhead Platform AQAM for TechnipFMC and Dubai Petroleum. The topside is an oil
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ADNOC signs new long-term agreement for base oil sales into India
The Abu Dhabi National Oil Company, ADNOC, today announced that it has signed another significant long-term sales
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Grundfos talks pump efficiency at Retrofit summit
‘Replacing old and inefficient pumps with modern high efficiency pumping systems will save water and cut energy usage
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DEWA builds region’s first virtual power plant in cooperation with Enbala
Dubai Electricity and Water Authority, DEWA, is partnering with Canadian company Enbala to build the region’s first
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SEWA reveals plan to deliver services within 3 hours
Sharjah Electricity and Water Authority, SEWA, has unveiled its strategic plan to deliver electricity, water and gas
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US moves to cut off Venezuela oil, Cuba trade
The United States on Friday announced sanctions on ships of Venezuela's state oil company and companies that link it to