0
BUDGET BASED ON $85 OIL
Oman fiscal surplus widens to $1.4bn
Oman's government budget surplus widened to 543.9 million rials ($1.4 billion) at the end of October from 339.9 million rials seen in the first nine months of 2013, data showed on Thursday.
1
SCOTLAND HIT, GERMANY ON ALERT
Europe braces for deadly hurricane Xaver
Hurricane-force winds disrupted transport and power supplies in Scotland and threatened flooding in England as they closed on northern Europe in what meteorologists said could be the most powerful storm to hit the continent in years.
2
TAQA PULLS OUT FROM DEAL
Qatar ready to invest in Turkey power project
Qatar is considering investment in Turkey's Afsin-Elbistan coal-fired power plant project from which the UAE's energy firm Taqa dropped out this year, the Turkish energy minister said on Thursday.
3
SPECIAL REPORT
Anarchy at door, West starts to rebuild Libyan army
With Libya's army still in the making, Western powers are keen to halt chaos in the key European oil supplier and stop illicit arms spilling across North Africa.
4
ANALYSIS
EU petchem the next victim of cheap US gas
Europe's petrochemical industry will face a competitive assault as US rivals emerge with cheap feedstock from the shale gas boom. It can look to the refining industry now for a taste of what is to come.
5
IMAGE OF THE DAY
Pollution alert
College students wearing masks cover themselves with plastic bags as they participate in a performance art to raise awareness of air pollution, in the Shaanxi province of China on December 5.
Top Trade News
 | Industry Sectors |
New mortgage rules to drive UAE property boom
The new property mortgage cap set by the UAE Central Bank will help deliver more stability to the property market but further steps must be taken to curb the negative impacts of speculation, said an industry expert.
More…
Al Meera opens first 24/7 mall in Qatar
Al Meera, a leading retail chain in Qatar, has opened its first 24/7 supermarket at Doha in bid to offer a unique shopping experience to the customers.
More…
Egypt signs oil exploration deals with foreign firms
Egypt has signed oil and gas exploration agreements with Apache Corporation, Royal Dutch Shell and GDF Suez, the Egyptian state news agency reported.
More…
Bahrain mulls solvency rules for Takaful industry
Bahrain's central bank has drafted enhanced framework for Takaful and Retakaful industry aimed at strengthening the solvency position of the firms and safeguarding the interest of all stakeholders.
More…
Anarchy at door, West starts to rebuild Libyan army
With Libya's army still in the making, Western powers are keen to halt chaos in the key European oil supplier and stop illicit arms spilling across North Africa.
More…
OICT installs nextgen cranes at Sohar Port
Oman International Container Terminal (OICT) supervised the delivery and installation of three quayside container gantry cranes that arrived at Sohar Port and Freezone last week.
More…
Dubai fund ICD buys landmark Atlantis hotel
Investment Corp of Dubai, the flagship holding firm of some of the emirate's top companies, has acquired the Atlantis hotel from a unit of Dubai World for an undisclosed sum, a statement said on Thursday.
More…
US firm supplies biometric software to Saudi
US-based Aware, a leading provider of biometrics software and services, said that Saudi Arabia has begun deployment of several of Aware's COTS biometrics software products as part of an update to the kingdom’s visa issuance process.
More…
GCC security bolstered by Royal grant
His Majesty King Hamad has allocated 163,300 sq m to expand the Frontline Headquarters of the Joint Peninsula Shield Force, in recognition of its pivotal role.
More…
Drive Dubai to open 2 new branches
Drive Dubai, a subsidiary of Masharie – the private equity arm of Dubai Investments and one of the biggest driving centres in the Emirate, plans to open two new branches at Logistics City (Dubai World Central) and Dubai Motor City.
More…
Arabtec inks $1.2bn UAE hospital contract
A consortium, including Dubai-based builder Arabtec Construction has won a contract from Abu Dhabi General Services (Musanada) for a new Dh4.4 billion ($1.2 billion) hospital project in Alain.
More…
Dubai set for star-studded charity event
Several leading international celebrities including actress Eva Longoria and Grammy Award winner, Ricky Martin will be in Dubai next week for the first edition of 'The Global Gift Gala,' a novel fundraising initiative.
More…
EU equity buys Cambridge Education for $304m
European private equity firm Bridgepoint has agreed to buy pre-university training provider Cambridge Education Group (CEG) from Palamon Capital Partners in a deal worth 185 million pounds ($304 million).
More…
UAE food expo nets $544m deals
The fourth edition of SIAL Middle East, the region’s fastest growing professional business platform for the food, drink and hospitality industries, resulted in business deals worth $544 million.
More…
