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

Developer agrees to contracts worth $654m for project that includes 1,540 residential units

<p>Nakheel, the Dubai-based property developer, says it has signed contracts worth $654 million with three construction firms to help build a residential and retail project at Nad Al Sheba.</p>.... Read more »

Posted on : 9/17/2015

Kuwait to start offshore oil exploration in two years

<p>Kuwait aims to add a total of 700,000 bpd of crude oil production capacity from offshore and onshore areas</p>.... Read more »

Posted on : 9/17/2015

DP World plans solar rooftop project that could power 30,000 homes for a year

<p>DUBAI: DP World, one of the country’s biggest free zone operators, is leading the solar energy charge with plans that could generate up to 40 megawatts of electricity.</p>.... Read more »

Posted on : 9/17/2015

Dubai's Robo Doc to cut waiting times for critical patients

<p>A new robot doctor at a Dubai hospital has reportedly saved a few lives a week after being put on trial in the hospital’s emergency room.</p>.... Read more »

Posted on : 9/17/2015