Safco Q2 net profit down 6.7pc, beats estimates

<p>Saudi Arabia Fertilizers Company (Safco) posted a 6.7 per cent drop in its second-quarter net profit on Sunday, although the earnings still beat analysts' forecasts.</p>.... Read more »

Posted on : 7/12/2015

Arabian Automobiles launches Ramadan campaign

<p>Arabian Automobiles, the exclusive dealer of Infiniti in Dubai and the Northern Emirates, has launched a Ramadan campaign guaranteeing rewards to all its customers.</p>.... Read more »

Posted on : 7/12/2015

Audi launches sport racing bike in Middle East

<p>German premium carmaker Audi has launched its limited edition ‘Audi Sport Racing Bike' in the region.</p>.... Read more »

Posted on : 7/12/2015

3D printing to impact construction in Saudi Arabia

<p>Poised to greatly impact the GCC’s constructions sector, 3D building printing technology could prove to be a viable alternative to traditional construction methods for low-rise buildings.</p>.... Read more »

Posted on : 7/12/2015

Construction material prices mixed in Q2 2015

<p>White cement were down 0.4 per cent compared to Q2 2014</p> <p>Dubai: Construction material prices in Dubai reached highs and lows during the second quarter of 2015 compared to the same period last year, according to a Dubai Statistics Centre (DSC) report released on Thursday.</p>.... Read more »

Posted on : 7/9/2015

Oman plans $600m solar energy plant to save on gas use

<p>Petroleum Development Oman (PDO) said on Wednesday it would build the Middle East's largest solar power plant in a $600 million deal with California's GlassPoint Solar to reduce pressure on its natural gas reserves.</p>.... Read more »

Posted on : 7/8/2015

Saudi's Sadara signs $3.77bn power deal with state utility

<p>Saudi Arabia's Sadara Basic Services said on Tuesday that its parent firm signed a 14.13 billion riyal ($3.77 billion) deal with Saudi Electricity Company to supply electric power to its chemicals complex in Jubail Industrial City.</p>.... Read more »

Posted on : 7/7/2015

Support platform for renewable energy innovation launched

Abu Dhabi: Policy makers and other energy sector players can now access the world’s largest collection of global renewable energy standards and patents thanks to a new online platform launched yesterday (Monday) by the International Renewable Energy Agency (Irena). .... Read more »

Posted on : 7/6/2015

UAE car dealers rev up sales bonanza during Ramadan

Ramadan is proving to be a sales bonanza period for car dealers in the UAE thanks to the addition of cash discounts, free insurance, extended warranties and service packages. .... Read more »

Posted on : 7/5/2015

UAE's Dana Gas says wins favourable ruling in $1.9bn Kurdistan dispute

<p>Dana Gas, one of the largest oil and gas investors in Iraq's semi-autonomous Kurdish region, said on Sunday that it had obtained a favourable ruling from a London arbitration tribunal in its dispute with Kurdistan authorities.</p>.... Read more »

Posted on : 7/5/2015