India: 1991 economic crisis wont be repeated, says Prime Minister Manmohan Singh

<p>New Delhi: India’s premier ruled out Saturday any suggestion the country could suffer a repeat of its 1991 balance-of-payments crisis as it grapples with a plunging rupee and a huge trade gap.</p>.... Read more »

Posted on : 8/18/2013

Air India Express slashes baggage allowance

<p>Abu Dhabi: Strong objections have been raised following Air India Express’ decision to slash its free baggage allowance, representatives of various socio-cultural organisations in Abu Dhabi announced on Saturday.</p>.... Read more »

Posted on : 8/18/2013

Telecoms Watch out for email scam using etisalat logo

<p>Dubai: A new phishing email message carrying the etisalat logo has started circulating.</p> <p>The email - designed to steal users’ identity - arrives in the target's inbox from scanlife@s7.moyhosting.com</p>.... Read more »

Posted on : 8/18/2013

US energy firms eye Brazil shale gas: US official

<p>Brasilia: US energy companies want to use their experience to help Brazil tap into its vast shale gas reserves, US Energy Secretary Ernest Moniz said on a visit to the Brazilian capital.</p>.... Read more »

Posted on : 8/18/2013

UAE hotels record strong occupancy during Eid

<p>Dubai: Hotel occupancy rates were up across the UAE during the weekend of Eid Al Fitr.</p> <p>“I would say four- and five-star hotels had 90 per cent occupancy in Dubai and 85 per cent in Abu Dhabi,” said Peter Goddard, managing director of TRI Hospitality Consulting, an international consultancy.</p>.... Read more »

Posted on : 8/13/2013

India puts road bidding online

<p>New Delhi: Companies bidding for Indian road-building contracts will have to apply online from August as the government makes the process more transparent to lure foreign investors and end "cartels" that force up prices. The use of internet tendering will stop companies clubbing together to drive up project costs, Minister for Road Transport and Highways C.P. Joshi said in an interview. The government wants to attract $60 billion (Dh220 billion) of investment to help India expand its road network in the five years ending 2017, he said.</p>.... Read more »

Posted on : 7/1/2011

Du to launch higher speed 4G broadband services

<p>Dubai: Word from du that it will launch higher-speed 4G broadband services by year's end will help ensure the United Arab Emirates remains at the forefront of emerging new technology, says global marketing intelligence firm International Data Corporation (IDC).</p>.... Read more »

Posted on : 5/25/2011

Gold prices set to reach Dh223 per gram

<p>DUBAI: Gold prices could top $1,700 (Dh6,244) per ounce (one ounce equals 28 grams which makes it Dh223 per gram) by end 2011, jewellers have said.</p> <p>Raj Sahai, director for retail of Damas said: "Historically, gold prices have constantly gone up over time. We think it could go up to $1,700 per ounce by the end of the year due to continued high demand."</p>.... Read more »

Posted on : 5/12/2011

UAE pumped $5.7b into Comesa

<p>Dubai: The size of UAE investments in the Common Market for Eastern and Southern Africa (Comesa) reached $5.7 billion (Dh20.92 billion) last year, Heba Salama, Director of Comesa Regional Investment Agency, told Gulf News yesterday.</p>.... Read more »

Posted on : 3/25/2011

Radiation fears over Japanese goods

<p>Dubai: Radioactive-tainted milk, tap water and spinach discovered in tsunami-crippled Japan may spawn fears that Japanese electronic products such as mobile phones, television sets and computers shipped abroad could also be contaminated.</p>.... Read more »

Posted on : 3/21/2011