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FOOD PRICES BITE
Dubai inflation hits 4-year high in Nov
Dubai inflation edged up in November to nearly a four-year high as the food prices rose along with housing and utility costs compared to last year, said a report.
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UAE, OMAN BUILD NEW TERMINALS
GCC takes on the Caribbean in big cruise tourism war
Two Gulf countries - the UAE and Oman - are taking on the Caribbean as it seeks to become a major destination for cruise tourism, especially during the winter months in the northern hemisphere.
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$1.6bn POWER PROJECT
Egypt/Saudi grid tenders to be launched in 2014
Tenders for a $1.6 billion power grid that will enable Egypt and Saudi Arabia to share electricity will be launched early next year and construction will start in 2015, Egypt's electricity and energy ministry said on Thursday.
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SPECIAL REPORT
Al Qaeda tightens grip on western Iraq
In Iraq's western desert near the Syrian border, a signpost announces that you are entering al Qaeda's Islamic State of Iraq and the Levant. With increased attacks on strategic Iraqi targets, they are firming their grip on western side.
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ANALYSIS
Jobs only answer to Mideast problems
Youth unemployment is rampant in Mena region, the cradle of Arab Spring and with joblessness averaging 25pc, the only way to prevent a second revolt is through creation of more jobs. But whose responsibility is it anyway, probes Bayt.com.
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IMAGE OF THE DAY
Picasso for 100 euros
Peri Cochin, organiser of the raffle "One Picasso for 100 Euros", stands in front of the goauche by painter Pablo Picasso at Sotheby's in Paris on December 12. The gouache, valued at one million dollars, will go to the winner of the raffle.
Top Trade News
 | Industry Sectors |
Emaar unveils first big project at Expo 2020 site
Dubai's largest property developer, Emaar Properties has announced a major joint venture project with Dubai World Central (DWC) to build hotels, malls and golf course communities close to the emirate's 2020 World Expo site.
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UAE jeweller rolls out red carpet collection
Leading UAE jeweller Liali has unveiled its Red Carpet jewellery collection! comprising exclusive high end necklaces, chandelier earrings and cocktail rings this festive season.
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Total seals Oman deepwater drilling deal
French oil giant Total has signed an exploration and production sharing agreement (PSA) for a deepwater block offshore Oman as part of regional expansion strategy.
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Saudi inflation edges up to 3.1pc y/y in Nov
Saudi Arabia's inflation in November edged up to 3.1 per cent year-on-year mainly because of higher food and housing costs, according to a report.
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Al Qaeda tightens grip on western Iraq
In Iraq's western desert near the Syrian border, a signpost announces that you are entering al Qaeda's Islamic State of Iraq and the Levant. With increased attacks on strategic Iraqi targets, they are firming their grip on western side.
More…
Yokogawa wins big order for Saudi desal plant
Yokogawa Middle East & Africa has received an order from top EPC firm Petroleum, Chemicals & Mining Company (PCMC) to supply the control system for a desalination plant being built in Jubail.
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Abu Dhabi Aviation to get latest Bell helicopter
Abu Dhabi Aviation, the largest commercial helicopter operator in the region, is set to acquire a Bell 412EPI helicopter from Hawker Pacific, a leading aircraft sales and product support company in Asia, Pacific and the Middle East.
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Bahrain eGA to offer 26 new Apps in 2014
The eGovernment Authority plans to offer 26 new applications on its new Government Apps Store by the beginning of 2014, said a senior official.
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GCC to set up joint military, police unit
In a major step forward to consolidate regional security, the Gulf leaders have agreed to set up a joint military and police command which will help expand anti-terror co-operation and co-ordination among member states.
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Hyundai to unveil concept car in 2014
Hyundai Motor is set to unveil its first concept car Intrado with styling inspired by Fluidic Sculpture 2.0, the latest iteration of Hyundai's design language, at the 2014 Geneva Motor Show.
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1,000 health experts at Doha innovation summit
Leading global health innovators and policy makers from 67 countries met in Doha to discuss solutions to the most pressing global health challenges at the inaugural World Innovation Summit for Health (WISH).
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Access to talent ‘key to Dubai’s media growth’
Dubai’s position as a media production hub could get a boost by improving access to talent with longer residency terms for production crew; developing more formalised film incentives; and improving TV audience measurement, a report said.
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DFM opens educational trading floor at varsity
Dubai Financial Market (DFM), which operates as a secondary market for the trading of securities, has inaugurated its educational trading floor at the American University in the Emirates (AUE).
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South Korean group in $1.1bn Iraq jet deal
Korea Aerospace Industries has signed a contract with Iraq to export 24 light fighter jets valued at $1.1 billion, said the South Korean company.
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