Wednesday 29 July 2015
 
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Gold sags to 5-1/2-year low, heads for worst week since Oct

Gold slid more than one per cent to its lowest since 2010 on Friday (July 24), on course for its biggest weekly loss in nine months, as strong US jobs data helped deepen this week's rout and fuelled fears the metal has some way to fall yet.

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Saudi Arabia to remain dominant in GCC construction market

Saudi Arabia is likely to remain the dominant construction market in the GCC for the foreseeable future, with an estimated $200 billion spend in construction planned over the next two years and much more in the pipeline, according to a report.

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Gold stays on track for biggest weekly gain since Jan

Gold held near two-week highs on Friday, on track for its biggest weekly jump since January, after the US Federal Reserve sounded a cautious note on interest rates, arresting a dollar rally. The US currency headed for its worst we

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Gold down on strong shares, set for biggest monthly loss

Gold edged down on Friday and was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat US data supported expectations of a rate hike by the Federal Reserve this year. Gold

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Vince Camuto opens ‘world's biggest store’ in Abu Dhabi

Vince Camuto, a New York-based footwear brand and lifestyle powerhouse, has recently launched the ‘World’s Biggest Vince Camuto’ store in Abu Dhabi’s Yas Mall. The brand is designed for the style-savvy and

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Gold on course for biggest weekly fall since Nov

Gold was on course for its biggest weekly fall in two months despite edging higher on Friday, a day after a two per cent slide on expectations for a US interest rate rise. Investors took some profits on Thursday on concern that st

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Old Sitra bridge to become biggest corniche

Work on the first phase of turning the old Sitra Bridge into Bahrain's biggest corniche has been completed. It cost the Works Ministry BD3.362 million ($8.8 million) and was carried out by Al Hassanian Company, which disassemb

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Al Habtoor to unveil mega project on Oct 7

Dubai-based Al Habtoor Group will unveil what it calls “the biggest residential and hospitality development in the world under construction” on October 7.   The project will be the group’s bigge

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Egypt plans to build ME's biggest car tyre factory

Egypt is planning to build the biggest car tyre factory in the Middle East at a cost of 600 million Egyptian pounds ($109 million), the state news agency Mena quoted an industry executive as saying on Saturday. Egypt has tried to spur indu

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Abu Dhabi gears up for biggest Gastech

The Gastech 2009 exhibition to be held next month is set to be the biggest ever in the show’s 37 year history, bringing together thousands of the world’s leading gas organisations and players. Running from May 25 to 28 at the Abu Dhabi Nat

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