Saudi Arabia pivots towards Asia for oil exports

<p>Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region. Saudi Aramco, the kingdom’s state oil producer, looks set to again cut the official selling prices (OSPs) for November cargoes when details are published shortly.</p>.... Read more »

Posted on : 10/1/2014

Dubai World agrees restructuring with largest creditors

<p>Dubai: Dubai World’s biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai’s top government officials said on Wednesday.</p>.... Read more »

Posted on : 10/1/2014

Dubai to tap into Africa growth via key investments

<p>Dubai: The Dubai government is turning its attention to Africa in a bid to cash in on the world’s second most populous continent through a series of key strategic investments. The message was clear at the Africa Global Business Forum in Dubai held on Wednesday. In what may have been a clear sign of Dubai’s intentions, Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, sat in on the forum during a panel discussion featuring the Presidents of Ghana, Ethiopia and Rwanda.</p>.... Read more »

Posted on : 10/1/2014

Alibaba shares surge 46 per cent in their debut

<p>New York: Alibaba Group Holding Ltd’s/sshares rose as much as 46 per cent in their first day of trading on Friday, lifting the Chinese online retailer’s value to $244 billion.</p>.... Read more »

Posted on : 9/19/2014

Germany's IT deficit needs serious attention

<p> The Hannover Messe, the world’s largest industrial fair, is normally an occasion for German industry to celebrate its world-beating engineering prowess.</p>.... Read more »

Posted on : 9/19/2014

Dubai-UAE looks to cement its super-hub status with $32b investment.

<p> Desert destination Al Maktoum International airport stands alone in the desert, on the fringes of Dubai.</p>.... Read more »

Posted on : 9/10/2014

Apple iPhone 6 and iPhone 6 Plus on order in UAE on September 27

<p>Dubai: Apple’s iPhone 6 and iPhone 6 Plus smartphones will be available to order in the UAE starting September 27, according to Apple’s online store in the country.</p>.... Read more »

Posted on : 9/10/2014

Instant messaging preferred form of communication: Study

<p>Users prefer WhatsApp and BBM to communicate in the UAE</p>.... Read more »

Posted on : 9/10/2014

China trade surplus hits record $49.8 billion

<p>China’s trade surplus surged to a record $49.8 billion in August, figures showed on Monday, as imports saw a surprising fall and export growth slowed in a further sign of softness in the world’s second-largest economy.</p>.... Read more »

Posted on : 9/9/2014

Expo 2020 to help boost region's economies

<p>Dubai: The economic impact of World Expo 2020 in the Middle East and North Africa (Mena) is valued at €17.7 billion (Dh89.89 billion), according to a statement by the Dubai World Trade Centre (DWTC) on Monday.</p>.... Read more »

Posted on : 8/28/2014