Dubai plans for 25m visitors for World Expo 2020
Dubai: The emirate of Dubai will be fully prepared to receive 25 million visitors when it hosts the World Expo 2020 international event in six years’ time.
UAE stocks continue to rise
Dubai: UAE stocks continued to rise on Wednesday as investors bet that a new companies law could lead to more initial public offerings (IPOs) this year and next and thereby a surge in the markets. UAE’s Minister of Economy, Sultan Bin Saeed Al Mansouri, said a day earlier that the government is going to approve a new law soon.
Gold hits three-month high
London: Gold hit a three-month high and global shares rose on Tuesday as investors wagered that the new head of the US Federal Reserve would renew the bank’s pledge to keep policy ultra-easy at her first testimony to Congress.
Cleatrip to boost mobile traffic in 2014
Dubai: Cleartrip, an India-based online travel portal, will focus on driving mobile traffic this year rather than expanding its footprint, according to the company’s top executive.
Barclays to cut 12,000 jobs, pays bigger bonuses
London: Barclays Plc expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year.
Kuwait awards $12b clean fuel project
Kuwait City: Kuwait National Petroleum Co said on Monday it has awarded a $12-billion project to British, US and Japanese-led consortia to boost capacity at oil refineries and make production more environmentally friendly.
UAE has the edge, crosses 1m broadband subscribers
Abu Dhabi: With over a million broadband subscribers now, the UAE has witnessed a 30 per cent increase in broadband subscriptions from January 2011 to November 2013, according to the latest statistics by the Telecommunications Regulatory Authority (TRA).
UAE a leading light in global consultancy
The UAE, Qatar and Saudi Arabia are the “stars” of the US$92 billion global consultancy market and the GCC region is expected to outshine all other regions this year, a report being released today predicts.
Somaliland:Ras al Khaimah Gas Company LLC (RAKGAS) set to Start Oil Explorations & Extraction Operations in March 2014
Somaliland Minister of Mining and Energy Hon Hussein Abdi Dualeh today received representatives of Ras al Khaimah Gas Company LLC (RAKGAS) lead by Mr. Osama Abdulla Aal and his associate who are currently visiting the country.
Oil, gas and petrochemicals top industry in the U.A.E.
DUBAI, 5th January, 2014 (WAM) -- A recent Bayt.com "Top Industries in the Middle East and North Africa" survey conducted by Bayt.com