UAE's remittance industry stays immune to oil volatility

The remittance industry in the UAE, which is estimated around Dh55 billion, flourished in 2015 despite over 50 per cent decline in oil prices. Remittances from the UAE are expected to cross $19.5 billion this year, according to an industry specialist..... Read more »

Posted on : 12/30/2015

Abu Dhabi's Taqa taps first oil from North Sea

Abu Dhabi National Energy Company (Taqa) has got first oil from the Cladhan field in the UK North Sea..... Read more »

Posted on : 12/30/2015

Business Bay, Dubai Marina register highest property deals in 2015

Business Bay topped the list of highest transactions in Dubai in 2015, while Dubai Marina topped the chart in the value terms, Al Bayan newspaper quoted figures from Dubai Land Department..... Read more »

Posted on : 12/29/2015

Dubai's Dh46.1b budget to boost growth, jobs

Dubai on Sunday approved a zero-deficit budget of Dh46.1 billion for 2016 with a major chunk of expenditure on social development and infrastructure..... Read more »

Posted on : 12/28/2015

Dewa to hold region's first Dubai Solar Show in October 2016

Dubai Electricity and Water Authority (Dewa) will hold the first Dubai Solar Show in the Middle East in October 2016, as it aims to provide 7 per cent of the emirate’s energy from clean energy sources by 2020, 25 per cent by 2030 and 75 per cent by 2050..... Read more »

Posted on : 12/27/2015

Turkish Airlines now serves Dubai route from both Istanbul airports

Turkish Airlines, the national flag carrier of Turkey, announced its maiden flight from its second airport in Istanbul, Sabiha Gokcen International Airport, to Dubai which started on December 25..... Read more »

Posted on : 12/26/2015

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