<p>Oman Oil's exploration and production division plans to invest up to $4 billion over the next five years to boost output despite low oil prices, the state-owned company's chief operating officer said on Monday.</p>.... Read more »
Posted on : 12/7/2015
<p>Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B c in the Persian Gulf, according to the Mehr news agency.</p>.... Read more »
<p>UAE GFH Capital, a subsidiary of GFH Financial Group, announced today that it has agreed to acquire a market leading bread and sweets producer in the Kingdom of Saudi Arabia (“KSA”) for a transaction value of US$50 million.</p>.... Read more »
In the third quarter of 2015, worldwide server shipments grew 9.2 per cent from the third quarter of 2014, while vendor revenue increased 7.5 per cent year over year..... Read more »
Posted on : 12/6/2015
<p>The sports apparel retailer Sun & Sand will next year add a further 20 stores in the UAE as it expands across the region.</p> <p>The retailer, which runs more than 100 stores in the Emirates, also operates outlets for sub-brands such as Nike and Timberland.</p>.... Read more »
Posted on : 12/5/2015
The figures are in line with the 13 per cent increase in the number of business licences issued in 2014 by the Department of Economic Development (DED) in Dubai..... Read more »
Posted on : 12/4/2015
Oil prices rose from near-2015 lows on Thursday after a report sourced to a senior Opec delegate said Saudi Arabia would next year propose a deal to balance oil markets with non-Opec help..... Read more »
<p>Dubai's Jebel Ali Free Zone (Jafza) has announced plans to retrofit its existing buildings and facilities in a bid to become the world's the most energy efficient business hub.</p>.... Read more »
If the generation X phrase 'there is an app for that' was not already holding enough water, it is going to now..... Read more »
Posted on : 12/3/2015
Middle Eastern airlines witnessed robust growth in cargo volume in October compared to a year ago, according to a report from the International Air Transport Association, or Iata, released on Wednesday..... Read more »