Friday 19 December 2014
 
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2010

Transocean to pay $1.4bn for role in BP oil spill

Transocean agreed to pay $1.4 billion to settle U.S. government charges over BP's massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly responsible. Transoce

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2010 Takaful contributions hit $8.3bn; up 19pc

Global Takaful contributions grew by 19 per cent to reach $8.3 billion in 2010, out of which the GCC’s contributions amounted to $5.68 billion and that from South East Asia to $2 billion, a report said. In 2010, growth in the GCC slowed to

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Jafza building materials firms post 14pc growth

Steel, metal and building material companies based in Jafza generated trade worth Dh12.26 billion ($3.38 billion) in 2010 registering a growth of 14 per cent last year in comparison to Dh10.75 billion in 2009. The figures reflect

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Jafza building materials firms post 14pc growth

Steel, metal and building material companies based in Jafza generated trade worth Dh12.26 billion ($3.38 billion) in 2010 registering a growth of 14 per cent last year in comparison to Dh10.75 billion in 2009. The figures reflect

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Shift seen in need for virtual workspaces

Office workers in 2020 will expect to spend more time than today’s workforce in virtual team spaces that incorporate collaborative technologies, such as interactive digital screens and touch surfaces and live video streaming, a report said.

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Nakheel made $234m profit in 2010 says chief

Dubai's Nakheel made a 2010 profit of Dh860 million ($234.1 million) and sees a rise in revenue this year as the property developer revamps its operations post its $16 billion debt restructuring, its chairman told a local newspaper. Th

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Number of US poor hit record 46m in 2010

A record 46 million Americans were living in poverty in 2010, pushing the US poverty rate to its highest level since 1993, according to a government report on the grim effects of stubbornly high unemployment. Underscoring the economic chal

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Bahrain-Thai trade soars 79pc in 2010

The volume of trade between Bahrain and Thailand soared by 79 per cent last year, said senior government officials. 'These key figures reflect steadily growing co-operation between both countries,' HRH Prime Minister Prince Khalifa

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Qatar 2010/11 budget surplus shrinks to 2.9pc

Qatar's government budget surplus shrank to QR13.5 billion ($3.7 billion), or 2.9 per cent of economic output, in the 2010/11 fiscal year, the Opec member's central bank report showed on Tuesday. The Gulf Arab country's budget

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Gold tops Dubai’s 2010 exports at 56pc

Gold accounted for Dh38 billion ($10.35 billion) or 56 per cent of Dubai’s direct exports in 2010, making it the top exported product by value, said a report. The Emirate’s top 10 products accounted for 77 per cent of the total value of di

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