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RECOVERY MAY BE DELAYED: IMF
Tough time ahead for Arab Spring nations
Arab spring countries face rising social tensions that could thwart an early economic recovery from over two years of political turmoil that has worsened fiscal pressures and threatens macroeconomic stability, a senior IMF official said.
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FUJAIRAH EYES KEY ENERGY ROLE
Enoc unit to commission $100m oil terminal
Horizon Terminals Limited (HTL), a wholly-owned subsidiary of Emirates National Oil Company (Enoc), said its new oil terminal, built at a cost of over $100 million in Fujairah, will be commissioned this month.
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REGIONAL EXPANSION
Dubai retailer MAF mulls $1bn investments
Dubai retailer Majid Al Futtaim Holding (MAF) - sole franchise of hypermarket chain Carrefour in the Gulf - said it foresaw capital investments of up to $1 billion this year as it steadily expanded its foothold in the region.
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SPECIAL REPORT
In Syria's shadow, Iraq violence a new test for US
Saddled with Middle East problems ranging from Iran to Syria and beyond, President Barack Obama now faces one that is both old and new: Iraq, which is witnessing near-daily car bombings and attacks on mosques, say experts.
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ANALYSIS
Oil saving win-win drives Saudi solar boom
A slide in solar power costs and a surge in oil prices over last few years has made solar power a win-win strategy for Saudi: saving billions of dollars of crude for export while making electricity at less than half the cost.
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IMAGE OF THE DAY
Jagger power
Mick Jagger of the Rolling Stones performs with Carrie Underwood during The Rolling Stones 50 and Counting tour at the Air Canada Centre in Toronto.
Top Trade News
 | Industry Sectors |
Arabtec wins $108m Saudi hospital contract
A subsidiary of Dubai-based contractor Arabtec Holding has won a SR404-million ($107.7 million) contract to build a hospital in Saudi Arabia, the company said in a statement on Saturday.
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Dubai retailer MAF mulls $1bn investments
Dubai retailer Majid Al Futtaim Holding (MAF) - sole franchise of hypermarket chain Carrefour in the Gulf - said it foresaw capital investments of up to $1 billion this year as it steadily expanded its foothold in the region.
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Iran's petrochem revenue surges to $2bn
Iran has earned up to $2 billion in revenue from its petrochemical projects since the beginning of the new Iranian year which started on March 21, 2013 despite Western sanctions, said a report citing a top industry official.
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EMP expands Iraq card operations
Emerging Markets Payments (EMP), a leading electronic payments processing company in the Middle East and Africa region, has signed an agreement with Horizon Scope to promote its third party card processing services to banks in Iraq.
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In Syria's shadow, Iraq violence a new test for US
Saddled with Middle East problems ranging from Iran to Syria and beyond, President Barack Obama now faces one that is both old and new: Iraq, which is witnessing near-daily car bombings and attacks on mosques, say experts.
More…
Gulf Extrusions unveils key techniques at Italy show
Gulf Extrusions, a leading global manufacturer of extruded aluminum products, presented some of its advanced aluminum extrusion techniques during the 8th Aluminium Two Thousand Congress held recently in Milan, Italy.
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Qatar drops bid to shift ICAO from Montreal
Qatar has dropped a bid to move the headquarters of the International Civil Aviation Organization (ICAO) from Montreal to capital Doha, said Canadian officials.
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UAE’s ICT sector to grow 22.3pc in 2013
The ICT sector continues to be one of the highest growing sectors in the UAE with projected growth to hit 22.3 per cent in 2013, said a report.
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Bahrain puts Hizbollah on terror list
Bahrain has officially decided to put Hizbollah on the list of terror organisations. His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa sent a letter in this regard to parliament chairman Dr Khalifa Al Dhahrani.
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Renault rolls out new 'Twin’Run'
Renault is all set to unveil its 'Twin’Run' concept car that cultivates the sporting spirit of the brand and celebrates automotive passion by paying homage to the legendary R5 Turbo and Clio V6 at the 71st Monaco Grand Prix.
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WHO to help Saudi probe SARS virus before haj
The World Health Organisation (WHO) said it would help Saudi Arabia dig deeper into deadly outbreaks of a new SARS-like virus to draw up advice ahead of the annual haj pilgrimage.
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Iran director's 'secret film' wins praise at Cannes
An Iranian director who was jailed for anti-government propaganda in 2010 emerged at the Cannes film festival on Friday to premiere a new film about state oppression that he shot in secret in his home country.
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Tamkeen hosts major graduation ceremony
Bahrain labour fund Tamkeen hosted a graduation ceremony on Saturday for the second group of Bahraini professionals who completed the course from its accountancy, finance and Islamic finance programmes.
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Bahrain firm to set up virtual fantasy world
Bahrain-based Satlink Limited has joined hands with US-based Du Media to bring in the innovative experience of Augmented Reality (AR), a futuristic technology in which the physical and virtual worlds collide, to the kingdom's residents.
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