Infiniti Mideast close to leaving Nissan's nest

<p>Premium brand will achieve stand-alone status by end of 2016 and won’t have to share showrooms with parent brand Nissan</p>.... Read more »

Posted on : 6/9/2015

Qatar buys $1.2 bn HK Electric stake from Li Ka-shing's firms

<p>Qatar Investment Authority has bought an aggregate stake of 19.9 percent in HK Electric Investments Ltd from billionaire Li Ka-shing’s firms for HK$9.25 billion ($1.19 billion), as the global investor seeks investment opportunities in Asia.</p>.... Read more »

Posted on : 6/9/2015

Drake & Scull bags Dh350m contracts in Oman

<p>Company will be involved in MEP works for Oman convention centre, two hotels and an airport hangar facility</p>.... Read more »

Posted on : 6/8/2015

Dana Gas spuds first well onshore Egypt

<p>Dana Gas announced on Sunday it drilled the first in some 30 wells onshore the Nile delta in Egypt.</p>.... Read more »

Posted on : 6/8/2015

National Drilling Company signs $543mn rig deals

<p>National Drilling Company in the UAE has signed $543mn contracts to buy 14 new rigs, state news agency WAM reported on Sunday.</p>.... Read more »

Posted on : 6/8/2015

South Pars phases 15 and 16 near completion

<p>Phases 15 and 16 of South Pars gas field will be completed by June 21 and will be ready for full-scale use, according to the Islamic Republic News Agency.</p>.... Read more »

Posted on : 6/7/2015

GIS looks to put idle rigs to work

<p>Qatar firm Gulf International Services (GIS) has leased out one of its jack-up platforms, and is considering leasing out a second, it has announced.</p>.... Read more »

Posted on : 6/3/2015

Bentley Mulsanne Speed Launched in UAE

<p>The Middle East is one of most profitable markets for Bentley Motors. The British luxury car manufacturer reported a seven per cent increase in its sales in the region last year, and dealers in UAE and Saudi Arabia are among the top three Bentley dealers in the world.</p>.... Read more »

Posted on : 6/2/2015

UAE eyes 25% manufacturing contribution by 2025

<p>The UAE is aiming to increase the contribution of the manufacturing sector to overall GDP from 11 per cent to 25 per cent by 2025, the country’s Economy Minister said on Tuesday.</p>.... Read more »

Posted on : 6/2/2015

Prices of essential items capped for Ramadan

<p> Dubai: Suppliers and retailers cannot increase prices of essential commodities during Ramadan without getting prior permission from authorities, said Dr Hashim Al Nuaimi, Director of the Consumer Protection Department. </p>.... Read more »

Posted on : 6/1/2015