Wednesday 27 May 2015
 
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Oil steadies below $67 as global glut builds

Brent crude oil steadied below $67 a barrel on Friday after reports that a growing supply glut is boosting inventories worldwide. Oil futures have rallied strongly since January after collapsing last year but analysts say the rebo

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Housing boost for new town in Bahrain

More than 3,800 homes are currently being built at the new Northern Town off the Duraz coast in Bahrain, Housing Minister Bassem Al Hamer told MPs yesterday (May 5). He was responding to a question about future development at the

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DIFC seeks to boost Dubai-China trade ties

Dubai International Financial Centre (DIFC) seeks to boost trade ties with China at the ‘Dubai Week in China,’ to promote ‘ease-of-access’ to emerging markets. The seven-day event, which will converge promi

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Dafza to increase Emiratisation rate by 80pc

The Dubai Airport Freezone Authority (Dafza) plans to increase the number of employees across all its sectors by 80 per cent in the next three years. Its plans have been boosted by its participation in the onging 15th edition of C

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Dafza to increase Emiratisation rate by 80pc

The Dubai Airport Freezone Authority (Dafza) plans to increase the number of employees across all its sectors by 80 per cent in the next three years. Its plans have been boosted by its participation in the onging 15th edition of C

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Bahrain to boost US free trade agreement products

More services and products could soon be included in a Free Trade Agreement (FTA) between Bahrain and the US. Information Affairs Minister Isa Al Hammadi said the FTA was being reviewed after the Cabinet yesterday (April 20) appro

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New supercars to boost McLaren sales by 60pc

Two new McLaren supercars launched yesterday (April 19) are expected to boost the luxury car brand's presence in Bahrain by 50-60 per cent, an official has said. McLaren Automotive's marketing manager for Middle East and A

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Menatelecom boosts core network with fibre technology

Broadband service provider Menatelecom has built an independent and redundant core network using fibre optics ring topology to ensure continuity of services alongside data hosting facilities, it has emerged. In a statement, the co

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Cabinets demand to hit $64bn, up 5.5pc per year

The demand for cabinets worldwide is set to reach $64 billion in 2018, on advances of 5.5 per cent per year, according to a new study. ‘World Cabinets,’ the study from the Cleveland-based industry market research firm

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UAE deal boost to SME sector to create more jobs

UAE’s small and medium enterprise (SME) sector is set to receive a boost from the government that will allow for more job opportunities, according to a report. A deal was signed between the Arab Monetary Fund (AMF) and the D

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