Dubai's direct trade with the world rose by 27% in the last five months whereas direct trade exchange with the world was recorded at Dh 228 billion over the same period of time last year. This year it has...
Reports released by the International Energy Agency (IEA) last week show Saudi Arabia boosted its crude oil production to 9.8m barrels a day last month. This is the highest amount produced by the Kingdom in the last 30 years. OPEC...
Saudi Arabia is expecting a higher inflation rate in the third quarter of the financial year, economic analyst report. Saudi Central Bank has also expressed its expectation of a moderate rate of inflationary pressure in the Kingdom. According to an...
As property prices began to crash with the financial crisis, some of the largest pension funds in the US are beginning to take a step back from investing in fancy properties. Pension funds are some of the biggest investors in...
techmahindra satyam

Major Indian software company Mahindra Satyam is set to offer its engineering services to customers in the Middle East for the first time. "Middle East and North Africa are clearly the emerging markets that are crucial for our growth," quoted...
Amid rising concerns over Standard and Poor's downgrade of the US' credit rating from AAA to AA+ and its impact on Gulf currencies, which have hitherto been pegged against the US dollar, the UAE and Bahrain have dismissed speculations...
FNC poll registration ends as women, young persons dash to get registered as candidates Today's front pages of leading Emirati newspapers are dominated by the electoral activity as registration process came to an end on Wednesday. Gulf News published the photograph...

A child dies of hunger every six minutes in Somalia as the Horn of Africa battles its worst famine in history. The UAE has been among the most prominent respondents to the crisis, going a long way to gather and...
Emirates airlines is expected to make a loss of $1 billion (Dh3.67 billion) in the first eight to ten years of the new European Union Carbon Emission Scheme. The new scheme requires airlines to pay fees for all inbound and...
Dubai Cares has been announced as the winner of the International Stevie Award for Company of the Year in the Non-Profit or Government Organization category in The 2011 International Business Awards. By winning, Dubai Cares will also be included in...
In focus: The UAE, for being the second most popular country after Saudi Arabia for individuals who seek to move to the Gulf. The Story The Abu Dhabi Gallup Centre released a report on Potential Migration and the GCC today. The...
Location: Dubai The Story 5 employees of Al Ahli Driving Institute were caught for taking bribes from students and have been sentenced to 6 months in prison. The amount of the bribes taken by each man totaled to Dh 34, 000. The...
Bahrain stand to lose up to $2bn due to the severe political unrest that has hit the state since February, says the head of the country's chamber of commerce. The Shi'ites have long complained of government neglect and discrimination. Discontent...
Medical specialists, recently released a report stating that diabetics face the risk of falling into a coma when fasting during Ramadan. Those with diabetics, are advised to consult their doctors about fasting during the holy month. Dr. Saleh Al-Jaser is...
The Blue Devils are planning to conduct exhibition tours and basket ball clinics in China and Dubai. The 10 NCAA-approved pre-trip practices will run for a three-week period, while there will four exhibition matches. The initiative is a part of...
The UAE central bank released a statement in July about how its interests may be determined by the US debt crisis. The country pegs its currency, the dirham, to the dollar, which means it controls its value in relation to...

A fiscal surplus is expected to greet the Kingdom at the end of this year as its foreign assets sit at the highest place that they have ever been. Saudi Arabia has experienced a surge in its crude oil output...
Standard Chartered Private Equity (SCPE) announced the acquisition of a minority stake in Construction Products Holding Company (CPC) through an equity investment of $75m. CPC is Saudi Arabia's largest manufacturer and provider of building materials and a subsidiary of...
Saudi contracting firm Abdullah A M Al Khodari Sons Company said on Saturday it has been awarded a SR120.7m ($32.1m) contract by the Ministry of Interior. It said in a statement posted on the Saudi Stock Exchange website that it...
The rise in expenses, has brought Arabtec a 74% fall in profits for the second quarter, contrary to estimates of analysts. Arabtec Holding PJSC, is the UAEs largest construction company in terms of market value and six analysts had estimated...
  A new scheme has been introduced by Etihad Airways, providing travel benefits to employees of the Abu Dhabi government. The program was developed both by Etihad and Musanada (Abu Dhabi General Service Company). The partners will work hand in hand...
The UAE automotive trade experienced a growth spurt of a $ 1.9 billion from 2009 to 2010 (a 19.7 % rise). Additionally, for both the years, the imports of all car types increased by 31.3%. The figures were drawn by...
In line with the heightened spirit of charity and learning characteristic of the Holy Month of Ramadan, Dubai Cares has launched a campaign to increase awareness of the plight of the girl-child in obtaining primary education, an issue that...
The UAE government announced last week that it had no US Treasury Bills in its reserves and not any other financial instrument issued by the U.S government. According to this announcement the reason for the non-investment in the US...
As of today, Emirates has launched a daily service to Copenhagen. The route will be catered by a 237-seat A 330-200 in a three class configuration and each flight can hold up to 17 tonnes of cargo. Taking flight The aircraft...
As the projects of Phase 1 in the development of King Abdulla Economic City (KAEC) proceed, Emaar, The Economic City (Emaar E.C,) has called off a contract with Al-Radwan Contracting to build 134 villas. The houses were planned to be...
Place US Story Dubai-based Anham LLC over bills the Pentagon for spare parts and equipment. Objective Analysis of the over billing. The company overcharged the Pentagon by at least $4.4 million, which include a $900 for an electronic control switch that normally costs $7-8 per...
Place Saudi Arabia Story Female teacher candidates exempted from residence criteria. Objective Impact of the relaxed conditions. King Abdullah, Custodian of the Two Holy Mosques, approved recommendations by Prince Faisal Bin Abdullah Bin Muhammad, Minister of Education, to cancel the requisite that demand proof of...