Dubai ranks number 3 in terms of cargo traffic
Dubai: Dubai moved a little over 2.4 million tonnes of cargo traffic in 2014, enabling them to retain third position after South Korea and Hong Kong.
Modi, Obama announce steps to fire up business
New Delhi: India-US business links were set for a quantum jump with Prime Minister Narendra Modi’s assurance of a “welcoming environment” serving as cue for US President Barack Obama to announce steps that will lead to $4 billion (Dh14.69 billion) in trade and investment in India.
Fujairah to emerge as oil trading hub in the region
Fujairah: Fujairah will emerge as an important oil and trading hub in the coming years with the number of facilities coming up in the port, industry experts at the Tank Storage Middle East conference said.
End of Iran sanctions to benefit UAE
Abu Dhabi: The entry of Iran in world oil markets would be negative, while trade between the UAE and Iran would increase if sanctions on the country over its nuclear programme are removed, analysts and experts said.
Oman has no specific plan to cut spending as oil slides -fin min
Muscat: Oman has no specific plans to reduce state spending this year, its minister for financial affairs said on Wednesday, despite the plunge in oil prices to well below the level assumed in its government budget.
Energy summit to discuss impact of US shale gas
Abu Dhabi: The impact of the US shale gas production on the deployment of renewables, especially in light of the recent, dramatic decline of oil prices, will be addressed by Marie-José Nadeau, chair of the World Energy Council, at this month’s World Future Energy Summit in Abu Dhabi.
London: "Don't try to catch a falling knife" is sage advice for investors trying to identify the trough in a market like oil following a sharp sell-off.
London: “Don’t try to catch a falling knife” is sage advice for investors trying to identify the trough in a market like oil following a sharp sell-off.
UAE stocks extend sell off as crude tumbles again
Dubai: The Dubai index led the sell off in the Gulf region after Brent crude neared the keenly-watched $50 a barrel mark.
UAE private sector growth maintains momentum
Dubai: The UAE’s Purchasing Manager’s Index (PMI) for December showed sustained improvement, despite sharp decline in crude oil prices in recent months.
UAE economy to grow 4.8% this year, says Minister of Economy
ABU DHABI: The Gross Domestic Product (GDP) of the UAE has grown 236-fold in the 43 years since the establishment of the Federation, starting at just Dh1.77 billion in 1971,..