GCC builds $1.65 trillion economy on real estate

Hinting at positive growth rates for the real estate markets in the GCC, Al Masah Capital published its report announcing a booming GCC economy at $1.65 trillion in 2014 compared to $535.7 billion a decade ago..... Read more »

Posted on : 12/15/2015

UAE Ministry of Health to reduce price of 142 new drugs

<p>Health ministers are to reduce to prices of 142 innovative drugs, including cancer treatments, in the United Arab Emirates from January 1.</p>.... Read more »

Posted on : 12/15/2015

Iran: talks completed over Middle East's first FLNG project

Two Iranian companies have reached a final deal with a French company on floating LNG production from associated gas.... Read more »

Posted on : 12/14/2015

MUBADALA PETROLEUM AND CHINA NATIONAL PETROLEUM CORPORATION SIGN CO-OPERATION AGREEMENT

<p>Mubadala Petroleum and China National Petroleum Corporation, CNPC, have signed an agreement, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to foster greater co-operation between the two companies in the oil and gas exploration and production sector. </p>.... Read more »

Posted on : 12/14/2015

Oil still accounts for 93% of Kuwaiti income despite price slump

<p>Oil will still account for 93 percent of Kuwait’s revenues during 2015-16, despite the lower price, Industrial Bank of Kuwait chairman Abdulmohsen Al Hunaif reportedly said.</p>.... Read more »

Posted on : 12/14/2015

Sipchem and RESINEX reach agreement on marketing PBT in Europe

<p>Saudi Arabian company Sipchem (Saudi International Petrochemical Company) and the European plastics and rubber distributor RESINEX have reached a distribution agreement on the joint launch and marketing of Sipchem neat PBT resin in Europe.</p>.... Read more »

Posted on : 12/14/2015

Dubai set to launch first Harper's Bazaar Cafe in Q1 2016

<p>Dubai Design District, also known as d3, has announced an agreement with Marka Hospitality to launch the first Harper's Bazaar Café in the first quarter of 2016.</p>.... Read more »

Posted on : 12/14/2015

Egypt's Sisi to inaugurate land reclamation project by end-2015

<p>President Abdel Fattah al-Sisi is set to inaugurate a desert reclamation project by the end of the year aimed at expanding Egypt's farmland by 20 percent, the government said on Monday.</p>.... Read more »

Posted on : 12/14/2015

UAE-China cooperation must for progress, peace

The visit of His Highness Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to China comes amid changing and evolving global circumstances, a UAE minister has said..... Read more »

Posted on : 12/13/2015

Middle East remains a hot spot for Huawei

Dubai: The Middle East remains a significant market for Huawei as both a growth driver and a region where it contributes to building a better connected world.... Read more »

Posted on : 12/13/2015