Brazil imports from GCC hit $2.54 billion

The GCC region continues to display its strong ties with Brazil as reflected in the $2,544.14 billion worth of imports from the Gulf recorded between the first and third quarters of 2015, according to the recent reviews of the Brazilian Arab-Brazilian Chamber of Commerce, or ABCC..... Read more »

Posted on : 12/26/2015

Google's self-driving technology attracts top US automakers

Google's self-driving car technology is attracting top US automakers, as Ford, Fiat Chrysler and General Motors talk with the company while laying the groundwork for a future with autonomous cars..... Read more »

Posted on : 12/24/2015

Oil price to hit $80 by 2020, says Opec

The Opec said demand for its crude will slide to 2020, though less steeply than previously expected, as rival supplies continue to grow..... Read more »

Posted on : 12/24/2015

Dubai theme park resort eyes soft opening on Sept 1, 2016

Three of Dubai Parks and Resorts' theme parks and two hotels - covering an area of 25 million square foot - are expected to be handed over as scheduled next year despite a slowdown in some construction work..... Read more »

Posted on : 12/23/2015

China's M&A set to hit new heights in 2016

China's outbound acquisitions spree in 2015 helped push Asia-Pacific's annual deal value past $1 trillion for the first time, with 2016 set for a bigger splurge still as Chinese firms buy even more assets abroad to sidestep slowing domestic growth..... Read more »

Posted on : 12/23/2015

Plans for mobile wallet, direct debit projects to be ironed out

The UAE Banks Federation will work to finalise the mobile wallet project and improving the regulatory and legal framework for the direct debit system..... Read more »

Posted on : 12/23/2015

Dewa receives requests for third solar plant project

Dubai: The Dubai Electricity and Water Authority (Dewa) has received 21 Requests for Qualification (RFQs) from international energy companies and consortia for the 800MW 3rd project of the Mohammad Bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model..... Read more »

Posted on : 12/22/2015

UAE's eCommerce chugs along nicely

Dubai: The local brick-and-mortar economy might be looking quite subdued, but none of that seems to be reflected in the eCommerce space..... Read more »

Posted on : 12/22/2015

The Abraaj Group partially exits its stake in Unimed, a leading pharmaceutical company in Tunisia

<p>The Abraaj Group (' Abraaj ' or the 'Group'), a leading investor operating in global growth markets, today announced the successful exit through one of its Funds of a partial stake in leading Tunisian pharmaceutical company Unité de fabrication de médicaments ('Unimed' or the 'Company').</p>.... Read more »

Posted on : 12/22/2015

Android-powered BlackBerry Priv in UAE in early January

BlackBerry continues to enjoy a loyal following in the UAE. And it may be about to get better with its first-ever mobile device based on Alphabet's Google Android operating system..... Read more »

Posted on : 12/21/2015