Oil prices are set to climb higher in the second quarter of the year, because the excess oil would have been consumed and global balance between supply and demand would be stabilised, according to experts.
The petrochemical sector
Brent crude climbed above $106 per barrel on Wednesday, recovering some lost ground after oil was hit by speculation the US Federal Reserve may soon start to reduce its monetary stimulus and expectations of a build-up in US crude stocks.
Apple's profit and margins slid despite selling 33.8 million iPhones in its September quarter, and greater China revenue climbed just 6 per cent even though two smartphone models hit store shelves in its second-largest market last month.
Burj Dubai, the world's tallest building developed by Emaar Properties, which is on course to open in 2009, has reached a record 780 metres (2,559 ft) height, and has over 160 storeys, the most number of floors in any building.
Annual inflation in Abu Dhabi, the largest member of the UAE federation, jumped to 11.5 per cent in March, up from 10.7 per cent in December, driven by rent and food costs, according to an official report.
The first-quarter index for rents
Gold edged up on Friday, recouping some of the losses of the previous session when it fell by more than 2 percent on tumbling oil prices and a rising dollar.
Spot gold stood at $878.25/879.25 an ounce by 11:29 p.m. EDT, up from $877.85/879
Novartis Consumer Health (NCH) will organise the 'Dynamisan High Rise Stair Climb' in Dubai as part of its drive to boost endurance and fitness among the UAE residents.
The climb, to be held in iconic tall buildings, will kick off on