Rural Areas Electricity to invest OMR126m to boost power capacity

<p>In keeping pace with growing power demand in Oman, the Rural Areas Electricity Company will invest an estimated OMR126 million to improve power generation capacity in rural areas in 2016, according to a top official.</p>.... Read more »

Posted on : 3/7/2016

Oil price correction by end of year, says UAE Minister of Energy

<p>An oil price correction is expected by the end of this year as the weak market forces producers to freeze production, the Energy Minister said on Monday.</p>.... Read more »

Posted on : 3/7/2016

Ashok Leyland to triple plant capacity in Ras Al Khaimah

<p>The flagship brand of the Hinduja Group, Ashok Leyland -- described as the second largest commercial vehicle manufacturer in India and the fourth largest bus manufacturer in the world -- says it will triple the manufacturing capacity of its UAE bus factory, Ashok Leyland (UAE) LLC, in Ras Al Khaimah (RAK).</p>.... Read more »

Posted on : 3/6/2016

Abdul Latif Jameel to invest US$ 2bn in Saudi Arabia over the next 5 years

<p>Abdul Latif Jameel - one of Saudi Arabia’s leading commercial enterprises - announced today that it has begun to implement plans to invest close to US$ 2bn in the country over the next five years, with US$ 0.5bn already earmarked for 2016. This series of new investments is part of the businesses’ long-term expansion plans in the Saudi Arabian market, and its contribution to the growth of the local economy, across a range of industries.</p>.... Read more »

Posted on : 3/3/2016

Dewa promotes Dubai events in Texas

A delegation from Dubai Electricity and Water Authority (Dewa) took part at the Campus Energy 2016 Conference at Austin, Texas, to promote the Water, Energy, Technology, and Environment Exhibition (Wetex), as well as Dubai Solar Show 2016..... Read more »

Posted on : 3/1/2016

Dubai stocks extend rally to hit November high as Arabtec zooms

Dubai: The UAE stocks gained on Monday, extending its rally for another session as traders bought in specific stocks along with Arabtec..... Read more »

Posted on : 3/1/2016

$1.1bn Bahrain airport expansion launched

<p>Bahrain has launched a $1.1-billion project to expand its international airport and increase its capacity to accommodate 14 million passengers a year.HRH Prime Minister Prince Khalifa bin Salman Al Khalifa last month laid the foundation stone for the new state-of-the-art building, in the presence of HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister.</p>.... Read more »

Posted on : 3/1/2016

Iran must privatise car industry, president says

<p>Iran's car industry must be privatised to meet the government's goal of turning it into a global competitor, the president said on Tuesday, sending a strong signal of his intention to open up the country's economy to world markets. </p>.... Read more »

Posted on : 3/1/2016

Higher Organising Committee of AIM 2016 calls for larger Kazakhstani presence at the three-day global event

UAE investments in Kazakhstan jumps over AED 2 billion. Kazakhstan underscores the importance of the UAE participation at forthcoming Expo Astana 2017. .... Read more »

Posted on : 2/29/2016

US property is top overseas pick for UAE investors

The US, UK, Australia, Singapore and Germany are the top five destinations for UAE residents looking to invest in property overseas, according to a YouGov survey commissioned by IP Global..... Read more »

Posted on : 2/24/2016