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Mideast facing double dilemma over oil future
Source : Gulf Daily News  
Date : 2013-05-16
The Middle East is facing a double dilemma over the global competitiveness for oil in the future....
Treasury bills a big success
Source : Gulf Daily News  
Date : 2013-05-16
The Central Bank of Bahrain has announced that the BD30 million monthly issue of government treasury bills has been oversubscribed by 205 per cent....
Firm expands team in the Middle East
Source : Gulf Daily News  
Date : 2013-05-16
PineBridge Investments, a leading global, independent asset manager, has strengthened its growing Middle East, North Africa and Turkey team with the appointment of Wael Aburida as chief investment officer....
Faulty scaffolding led to mosque crash
Source : Khaleej Times  
Date : 2013-05-16
The Abu Dhabi Public Prosecution is investigating the collapse of the ceiling of a mosque under construction, killing one worker and injuring 17 others, in Zayed City in the Western...
QR628mn set aside for extra op theatres
Source : Gulf Times  
Date : 2013-05-16
More than 50% of the nearly QR1.2bn, slated to be spent for the seven new contracts awarded yesterday by Ashghal to augment Qatar's healthcare infrastructure, is earmarked for additional operation...
Dubai inflation remains low in April despite jump in rents
Source : Khaleej Times  
Date : 2013-05-16
Dubai's inflation remained muted in April compared to the previous month despite a jump in rents, data showed on Wednesday....
Turkish firm to market Nimr military vehicles
Source : Khaleej Times  
Date : 2013-05-16
Nimr Automotive, a part of Tawazun Group, has signed an agreement with a Turkish firm to market, and possibly produce armoured vehicles in Turkey....
Saudia Arabia's nonoil exports to Arab states up five-fold
Source : Arab News  
Date : 2013-05-16
Minister of Commerce and Industry Tawfiq Al-Rabiah expected a growth in Saudi exports during the coming period....
400 companies to exhibit products at Jeddah show
Source : Arab News  
Date : 2013-05-16
Saudi Arabia's food, hotel and hospitality event is set to be held from Sunday (19) to Wednesday (22) at Jeddah Center for Forums and Events....
Adia appoints McCarthy as division head
Source : Khaleej Times  
Date : 2013-05-16
The Abu Dhabi Investment Authority (Adia), one of the world’s largest sovereign wealth funds, has hired a senior Deutsche Bank executive to head its division that handles global infrastructure investments....
Abu Dhabi home to first FCC plant
Source : Khaleej Times  
Date : 2013-05-16
Al Dahra Agriculture signed an agreement with US company W.R. Grace and Co (GRA) to build the first fluid catalytic cracking (FCC) catalysts manufacturing facility in the Middle East....
UAE 'Visioning Partner' for WSIS Forum
Source : Khaleej Times  
Date : 2013-05-16
The Telecommunications Regulatory Authority (TRA) has confirmed its involvement in the World Summit on Information Society (WSIS) Forum taking place from May 13 to 17 and hosted by the United...
GCAA and Etihad sign deal to set up new Abu Dhabi facility
Source : Khaleej Times  
Date : 2013-05-16
The UAE General Civil Aviation Authority (GCAA) has signed a Memorandum of Understanding (MoU) with Etihad Airways to open and operate a permanent Satellite Licensing Office at the airline’s Abu...
Arabtec asserts Depa influence
Source : Khaleej Times  
Date : 2013-05-16
Arabtec Holding Co.’s chief executive officer was made a director of Dubai interior contractor Depa as the construction company exerts influence after buying almost a quarter of the company last...
Union Q1 net profit slips 2.2%
Source : Khaleej Times  
Date : 2013-05-16
Dubai developer Union Properties reported a 2.2 per cent drop in first-quarter net profit on Wednesday due to a slump in housing sales....
Avant unveils flooring, walling and roofing products
Source : Khaleej Times  
Date : 2013-05-16
Avant, the manufacturer of construction and interior products, announced on Wednesday the official Middle East launch of its new generation flooring, walling, ceiling and roofing products....
Dubai Events and Promotions Establishment renamed
Source : Khaleej Times  
Date : 2013-05-16
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, has issued a law to change the...
Imdaad to invest Dh200m in next three years: Lootah
Source : Khaleej Times  
Date : 2013-05-16
Imdaad, a specialist provider of all-round facilities management solutions, plans to invest up to Dh200 million in the next three years on expansion, according to a top official of the...
'Huge optimism about business opportunities in Kuwait'
Source : Kuwait News Agency  
Date : 2013-05-16
Baroness Morris, British Prime Minister David Cameron's Trade envoy to Kuwait, said Wednesday she was looking forward to visiting Kuwait in the near future to build on the successful conference...
MEBAA to host business aviation conference
Source : Saudi Gazette  
Date : 2013-05-16
The Middle East Business Aviation Association (MEBAA) is hosting the inaugural Middle East Business Aviation Conference (MEBAC) in the Kingdom of Saudi Arabia....
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