Oil Prices to Recover, and That's a Relief

Over the course of this month, oil prices stabilized at a rather convenient $40-$45 a barrel compared to five months ago, when they were below $16 and created complex conditions for oil-producing countries..... Read more »

Posted on : 8/26/2020

ADNOC $3.5b Refining Project Back On Track

Abu Dhabi National Oil Company's $3.5 billion refining upgrade at the Ruwais complex is well on track, according to an update issued by the company..... Read more »

Posted on : 8/26/2020

Kuwait Petroleum Aims 25% Reduction in Capital Spending Through Merging Units

Kuwait Petroleum Corporation is appointing a consultant to help merge its subsidiaries as the state-run company slashes capital spending by more than 25% over the next five years..... Read more »

Posted on : 8/26/2020

GMC CarbonPro Edition Introduced In Mideast

The GMC Sierra CarbonPro edition has been launched in the Middle East, on the GMC Sierra Sierra AT4 1500 Crew-Cab. The purpose-built CarbonPro bed is the first application of its kind for carbon fiber composite and delivers best-in-class dent, scratch and corrosion resistance..... Read more »

Posted on : 8/26/2020

Uber Commence Operation in Sharjah

As part of its continued commitment and investment in the region, Uber has launched ride-hailing services in Sharjah, improving access to transportation across the UAE. Riders in Sharjah will have approach to UberSelect, Uber’s most affordable service offering safe, transparent and reliable transportation, the company said..... Read more »

Posted on : 8/26/2020

Israel, UAE groups to promote desert agriculture projects

Arieli Capital, an investment firm that operates innovation centers in Israel and around the world, and a regional council in the Negev desert in Israel, said they are in talks with officials in the United Arab Emirates (UAE) to promote desert agriculture projects..... Read more »

Posted on : 8/25/2020

Souq Al Haraj Committee Discusses Strengthening of Car Trade

A high-level meeting in Sharjah discussed a number of proposals aimed at boosting car trade in light of Covid-19 and ensuring the provision of the best services for dealers and owners of car showrooms, as well as community members..... Read more »

Posted on : 8/24/2020

DEWA uses 3D printing to boost productivity, operational efficiency

Dubai Electricity & Water Authority (DEWA) has developed advanced infrastructure and specialised software in 3D printing and additive manufacturing. It is the first organisation in the GCC to deploy Markforged Metalx 3D printing based on wire/filament..... Read more »

Posted on : 8/19/2020

Aquaculture is getting boost in the UAE

In the UAE, salmon fishing in the deserts is becoming a reality. As part of the UAE’s long-term strategy, Minister of State for Food Security Mariam bint Mohammed Saeed Hareb Almheiri announced that the government commitment to design a national aquaculture roadmap..... Read more »

Posted on : 8/19/2020

Saudi's ICD to set up $1 billion Africa development fund

A 1 billion dollar development fund for Africa projects has been signed by the Saudi-based Islamic Corporation for the Development of the private sector (ICD). According to Arab Business, the agreement was signed with IL&FS Investment Managers Limited (IIML), the private equity arm of the IL&FS Group. ICD and IIML will work together to set up a fund to finance small to medium-sized infrastructure projects in Africa aimed at the healthcare, transport, utilities, power and telecommunications industries..... Read more »

Posted on : 8/18/2020