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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Global economy projected to grow by about 3 percent this year
The global economy is projected to grow by about 3 percent this year, but the pace has continued to weaken since April,
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Dubai’s non-oil foreign trade delivers solid growth in first half of 2019
Dubai recorded a non-oil foreign trade of AED 676 billion in the first half of 2019, an increase of 5% year-on-year
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Hong Kong's summer of protests leaves economy bruised and battered
As pro-democracy protests grind on for a fourth month, Hong Kong has been left counting the cost, with the city's
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Oil prices surge as attack on Saudi facility disrupts output
An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though its longer-term impact
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UAE investors set to inject US$10 billion into Bangladesh economy
A number of UAE business groups are set to invest US$10 billion (AED36.7 billion) into Bangladesh, according to data
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Singapore to participate in Expo 2020 Dubai
Singapore has announced its participation in Expo 2020 Dubai. The Singapore Pavilion, titled ‘Nature. Nurture. Future’,
Corporate
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OPEC daily basket price stood at US$59.78 a barrel Tuesday
The price of OPEC basket of fourteen crudes stood at US$59.78 a barrel on Tuesday, 22nd October, compared with $59.50
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FTA urges compliance with fixed minimum excise prices for tobacco products as of December 1
The Federal Tax Authority (FTA) has called on all businesses registered for Excise Tax to comply with the minimum price
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Etihad Airways, Saudia announce major expansion of their commercial partnership
Etihad Airways, the UAE's national airline, and Saudia, the national flag carrier of the Kingdom of Saudi Arabia, have
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Etihad Airways unveils Manchester City Football FC livery on new Dreamliner
Etihad Airways, the national airline of the UAE, today welcomed the arrival of its new Boeing 787-9 Dreamliner,
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AED687 million Emirati housing project opens in Al Ain
H.H. Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of Abu Dhabi Executive Council, has inaugurated the Al Hayer
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DP World's new India partnership
Invest India, Kerala Start-Up Mission and Startup Reseau, have teamed up with DP World to harness digital technologies
Technology
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Government entities to provide consumer services via 'Dubai Now' app
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council,
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First Tesla car-share operation in region now operating in Abu Dhabi
The UAE-founded "ekar" has announced a partnership with Masdar to bring electric vehicle car-sharing to the Middle East
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DRC Wins First Prize at the Dubai Green Industrial Award 2019
Dubai Refreshment Company PJSC “DRC”, the franchisee, sole producer and distributor of PepsiCo products in Dubai,
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GEMGOW attracts leading global investor Boris Birshtein
GEMGOW, a new online platform designed to facilitate trade in precious stones and materials, today announced that
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Etisalat announces first end-to-end 5G stand-alone technology implementation in MENA Region
In yet another milestone in the 5G journey, Etisalat successfully completed the first end-to-end 5G Standalone,SA, call
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Smart Dubai to Shed Light on Initiatives Driving the Shift Towards a Paperless Government and Smart City
Preparations for Smart Dubai’s pavilion at the 39th edition of GITEX Technology Week 2019, to be held at the Dubai
Energy
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Dubai saves 7.4 billion gallons of water, equivalent to AED1.2 billion
Between 2009 and 2018, customers in Dubai saved over two terawatt-hours of electricity and 7.4 billion gallons of water
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DEWA’s Shams Dubai connects 1,354 buildings totalling 125MW of power
Dubai Electricity and Water Authority (DEWA) has connected 1,354 photovoltaic installations on residential, commercial
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OPEC daily basket price announced for Friday
The price of OPEC basket of fourteen crudes stood at US$60.02 a barrel on Friday, 13th September, compared with US$
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Oil prices surge as attack on Saudi facility disrupts output
An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though its longer-term impact
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DEWA wins Global Business Excellence Award 2019
Dubai Electricity and Water Authority (DEWA) announced that it has won the Best Customer Service Initiative through the
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ADNOC awards Dh13.2bn in 'smart procurement' contracts
The Abu Dhabi National Oil Company, ADNOC, announced on Wednesday the award of multi-billion-dollar contracts for the