Bahrain, Saudi Arabia sign contracts worth $300m for new oil pipeline

<p>The new pipeline will replace an ageing 230,000 bpd link and will help increase the processing capacity of its Sitra refinery</p>.... Read more »

Posted on : 9/19/2015

Oil trade finance demand grows in ME: banks

<p>Banks are seeing a pick up in interest for trade finance from Middle East oil companies, especially in Egypt, they said, as cashflows dry up due to lower oil prices.</p>.... Read more »

Posted on : 9/19/2015

Abu Dhabi expands tourism market

<p>Rising arrivals are driving tourism infrastructure development in Abu Dhabi, as the emirate accelerates construction of hotels and other facilities in a bid to broaden its offering for both business and leisure travel.</p>.... Read more »

Posted on : 9/19/2015

UAE seeks to bolster its role on energy landscape

Under the patronage of His Highness Shaikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, the Gulf's top 150 industry leaders in the marketing, trading, and shipping of energy from more than 30 countries, gathered on Thursday in Fujairah for the 5th Gulf Intelligence Middle East Energy to explore the best methods to address the decline in world oil prices and the latest geopolitical shifts in the region, notably the deal regarding Iran's nuclear programme..... Read more »

Posted on : 9/18/2015

GCC investors keen on potential UAE property growth

<p>Dubai has been on a real estate roller-coaster ride of boom, crash and recovery over the past decade as property values halved between 2008 and 2010, but then rose phoenix-like from the desert to regain most of their losses by 2014, said a report</p>.... Read more »

Posted on : 9/18/2015

UAE's ENEC says first unit of nuclear plant 75% complete

<p>The Emirates Nuclear Energy Corporation has announced that its first unit at the Barakah nuclear energy plant is now 75 per cent complete with the project on track to begin operations in 2017.</p>.... Read more »

Posted on : 9/18/2015

1st Sidel Matrix project for UAE sets efficiency benchmark

<p>Leading global provider of PET solutions for liquid packaging Sidel will be introducing its Sidel Matrix Combi system in the UAE for the very first time, after the system was selected by Dubai Crystal Mineral Water and Refreshments LLC.</p>.... Read more »

Posted on : 9/18/2015

GCC set for 3.7% growth in 2016

The GCC economies are projected to grow by 3.4 per cent in 2015 and 3.7 per cent in 2016 despite shrinking oil revenues as private consumption and governments' efforts to support sustainable economic growth help maintain a positive outlook for the region, the Coface Group, a global leader in credit insurance, said..... Read more »

Posted on : 9/17/2015

Inflation in Dubai up 0.82% in August

The monthly consumer price index in Dubai rose 0.82 per cent in August compared to July, according to a report released by the Dubai Statistics Centre on Wednesday. The centre attributed the rise in inflation to increase in prices of the transport group by 10.4 per cent last month..... Read more »

Posted on : 9/17/2015

Abu Dhabi non-oil trade up 15.7%

Abu Dhabi's non-oil merchandise trade rose 15.7 per cent year on year in the second quarter to Dh42.4 billion, said Statistics Centre-Abu Dhabi, or Scad, in its latest report..... Read more »

Posted on : 9/17/2015