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OIL AVERAGED $107 LAST YEAR
Kuwait budget surplus may hit $52 billion
Kuwait is likely to have recorded another massive surplus during the last financial year of up to KD15 billion ($52.8 billion) as the price of Kuwait Export Crude (KEC) averaged $107 per barrel for the fiscal year, a report said.
1
GAS TURBINE, SUBSTATION DEAL
Siemens wins $266m jobs from Saudi Electricity
Siemens, the global engineering and energy company, has been awarded two major contracts valued at approximately SR1 billion ($266 million) by Saudi Electricity Company (SEC).
2
FIRM BLAMES 'INSTIGATORS'
Arabtec workers end strike; dispute 'resolved'
Dubai contractor Arabtec said on Wednesday that it had amicably resolved a labour dispute that resulted in a four-day work stoppage without clarifying whether the workers' demand for higher wages were met.
3
FOCUS
Cancer immunotherapy 'next big thing'
A new wave of medicines that tap the power of the immune system to fight cancer could become the biggest drug class in history, with potential sales of $35 billion a year.
4
OPINION
Labour Markets: A new perspective on change
Senior managers must contend with the possibility of employees setting the agenda for organisational change, says an industry expert.
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IMAGE OF THE DAY
For a just system
A demonstrator dressed as Lady Justice wears a blindfold during a protest against proposed cuts to legal aid, outside the Houses of Parliament in London.
Top Trade News
 | Industry Sectors |
Arabtec workers end strike; dispute 'resolved'
Dubai contractor Arabtec said on Wednesday that it had amicably resolved a labour dispute that resulted in a four-day work stoppage without clarifying whether the workers' demand for higher wages were met.
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Microsoft unveils Xbox One console
Microsoft Corp unveiled the "Xbox One" yesterday, its first new gaming console in eight years, and its strongest push so far to dominate consumers' living rooms with an array of exclusive media content.
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Siemens wins $266m jobs from Saudi Electricity
Siemens, the global engineering and energy company, has been awarded two major contracts valued at approximately SR1 billion ($266 million) by Saudi Electricity Company (SEC).
More…
Kuwait budget surplus may hit $52 billion
Kuwait is likely to have recorded another massive surplus during the last financial year of up to KD15 billion ($52.8 billion) as the price of Kuwait Export Crude (KEC) averaged $107 per barrel for the fiscal year, a report said.
More…
Cancer immunotherapy 'next big thing'
A new wave of medicines that tap the power of the immune system to fight cancer could become the biggest drug class in history, with potential sales of $35 billion a year.
More…
Intermetal to build $20m furniture factory in Dubai
UAE-based Intermetal, a global furniture solutions leader and a Group Harwal company, has invested Dh75 million ($20.41 million) to establish a new factory in Dubai.
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Oman Air to buy three A330 planes
Airbus has won an order for three A330-300 aircraft from Oman Air, the national carrier of Oman, the European planemaker said on Wednesday.
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UAE TRA to allocate new bands
The UAE Telecommunications Regulatory Authority (TRA) has announced its band plan for 700 MHz and the release of spectrum in the 800 MHz band for mobile broadband services.
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Bahrain MPs vote to ban pork
Bahrain's MPs have voted to ban pork as part of new amendments to the law, some of which have Islamist overtones, according to a report.
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BMW launches the new Z4 in Mideast
Munich-based BMW Group has launched the third generation BMW Z4 in the region, featuring innovative new exteriors, a refined interior, advanced powertrain technology and a new entry-level engine.
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Bahrain sets up team to combat new virus
Bahrain has set up a special taskforce to help prevent cases of a deadly SARS-like virus that has killed 16 people in neighbouring Saudi Arabia and infected more than 30 others.
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Twitter chief to kick off Digital Media Forum
A top executive of online social networking service Twitter will kick off the proceedings of the second annual Digital Media Forum 2013 (DMF) opening in Dubai tomorrow (May 22).
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Monster Gulf to hold online career fair
Monster Gulf (monstergulf.com), one of the leading online career and recruitment solutions providers, is set to hold an online career fair, developed to meet the changing needs of the jobseekers and employers alike.
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Lebanese firm to invest $800m in Sudan
Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be sold to Saudi Arabia, its president said on Tuesday.
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