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.

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.

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 plastic processing industry 'growing at 5pc'

The UAE’s plastics processing industry is growing at over 5 per cent annually, following the growth trend of the economy in general, according to a leading trading firm.

Hyundai announces Santa Fe upgrade in the Middle East

Hyundai Motor Company, the world’s fastest-growing automaker by brand, has revealed that its enhanced Santa Fe model is now available across the Middle East, with adjustments made to improve handling, responsiveness and design for the region.

UAE plastic consumption hits 30 kg per capita

The per capita consumption of plastics in the UAE amounted to 30 kg per year and environment-friendly products made up 25 per cent of the total, a report said.

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,..

Dow Chemical CEO says not quitting Kuwait, but shifting strategy

Dubai: US petrochemicals giant Dow Chemical Co is not pulling out of Kuwait but is shifting strategy, its chief executive said on Monday, after the company announced plans to reduce its equity positions in all of its Kuwaiti ventures.