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Oil windfall: $14bn surplus for Kuwait
Kuwait City: 
 
  Higher revenue from oil helped Kuwait post a 3.8 billion dinars ($14.22 billion) preliminary surplus in the first quarter of its 2008/09 fiscal year, government data showed.  
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GDF Suez, GIC to develop $2bn Al Dur project
Manama :  
  Leading energy provider GDF Suez has joined hands with Gulf Investment Corporation (GIC) to develop the $2 billion Al Dur Independent Water and Power Producer (IWPP) project in Bahrain.    
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Dow raises wire and cable prices
Dubai: 
  Dow Europe GmbH has announced a price increase of up to $900 per tonne for its wire and cable products across India, Middle East and Africa.     
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  More top stories

EgyptAir plans $529m fleet upgrade
Gulf's top 150 firms worth $916bn says study
DP World bullish as H1 profit doubles
The Gulf Online Featured Stories
The Gulf Online Feature Stories
   

  International Business News   International News
 

Toyota cuts sales forecast by 7pc
Gold extends gains, rises to $837

Oil above $118; euro climbs
 

Russia faces diplomatic isolation on Georgia
Gustav storm threatens US coast

US agrees troop pullout compromise
   
 
  Ericsson wins $85m Smart City deal  
  Emaar, The Economic City,  has awarded a SR320 million ($85 million) contract to Ericsson to implement and operate the smart city infrastructure and the multi-purpose network for Ethraa, The Smart City.  
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GDF Suez, GIC to develop $2bn Al Dur project
Qatar signs railway deal with Deutsche Bahn
 
   
  KHI H1 net profit up 8pc  
  Kingdom Hotel Investments (KHI) said net profit for the six months ended June 30, 2008 reached $20.6 million.  
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Etihad cuts Ramadan fares
EgyptAir plans $529m fleet upgrade
 
   
  UAE cbank chief sees sharp fall in oil price  
  United Arab Emirates Central Bank governor Sultan Nasser Al-Suweidi said on Thursday that oil prices could fall to a range of $60 to $80 per barrel, from over $119 now.  
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Dubai diesel prices drop again
Bahrain's H1 oil refinery output up 4pc
 
   
  Dow raises wire and cable prices  
  Dow Europe GmbH has announced a price increase of up to $900 per tonne for its wire and cable products across India, Middle East and Africa.  
  Read More  
 

Bahrain Investment Wharf in spotlight
Octal targets $450m annual sales
 
   
  Lifeline for kidney patients in Bahrain  
  Kidney patients in Bahrain could get a new lifeline, with moves to allow transplants from non-related, living donors.  
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Welcare Mirdiff offers free health screening
New unit boosts AMH care
 
   
  Dulux to open 50 outlets in UAE  
  Al Gurg Leigh's Paints, sole manufacturer of ICI Dulux in UAE, is planning to open 50 new Dulux decorator centres across the UAE to cope with the increased demand.  
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Basement gallery to showcase 17 artists
Depa profit surges 75pc to $15m
 
   
  Microsoft offers beta 2 of Explorer 8  
  Microsoft Corp released on Wednesday a second test version of Internet Explorer 8, delivering a feature-complete upgrade to the Web browser.  
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LG offers network storage solution
Dell unveils new Vostro
 
   
  $184m Dubai Marina tower launched  
  Dubai-based Select Group and the UK's property developer Select Property have jointly launched West Avenue on one of the last remaining plots on Dubai Marina.   
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ACI and Ferretti unveil beach properties
Deyaar reveals new corporate identity
 
   
  US rules 'may deter sovereign funds'  
  Restrictions by the US and others may lead sovereign wealth funds to invest closer to home instead of in the West, the head of the central bank for the UAE said.  
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State Street opens Qatar office
IDB okays $178m for projects
 
 
  LuLu hypermarkets set to go green  
  LuLu Hypermarkets all over the region will start going green from November, it was declared on Wednesday.  
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FINE launches Ramadan-themed tissues
Frankincense shortage worries Oman perfumer
 
   
  Oil windfall: $14bn surplus for Kuwait  
  Higher revenue from oil helped Kuwait post a 3.8 billion dinars ($14.22 billion) preliminary surplus in the first quarter of its 2008/09 fiscal year, government data showed.  
  Read More  
 

AKU to help Syrian health sector
Dubai Group seals $1.5bn Murabaha deal
 
   
  Hydra Open Air Cinema to open in Nov  
  A major open-air entertainment event is set to enthral UAE residents in Dubai and Abu Dhabi this November, a report said.