Latest World News

Last Updated: Fri, Dec 2 2016 | 8:57 PM |
Oil prices may flatline in 2017 on high inventories, says Fitch
Energy»

Oil prices may flatline in 2017 on high inventories, says Fitch

Saturday, 3 December 2016 12:48 AM

Ratings agency says it is likely to be 2020 at least until prices return to long-term equilibrium price of $65 per barrel

UAE's Gulf Capital may sell some investments late next year
Banking & Finance»

UAE's Gulf Capital may sell some investments late next year

Saturday, 3 December 2016 12:48 AM

Private equity firm does not name stakes it is planning to offload, says appealing to global strategic buyers

Dubai's ENOC says to build 54 service stations by 2020
Retail»

Dubai's ENOC says to build 54 service stations by 2020

Saturday, 3 December 2016 12:48 AM

Emirates National Oil Co kicks off expansion plan with opening of new gas statioin in Dubai International Academic City

Tech firm HTC launches UAE e-commerce shop, Saudi roll-out to follow
Retail»

Tech firm HTC launches UAE e-commerce shop, Saudi roll-out to follow

Saturday, 3 December 2016 12:47 AM

Smartphone firm announces first HTC e-commerce site in the Middle East and Africa region

UAE's Zulekha opens first Indian hospital in $43m deal
Healthcare»

UAE's Zulekha opens first Indian hospital in $43m deal

Saturday, 3 December 2016 12:47 AM

Zulekha Hospitals Group announces opening of Alexis Multi-Speciality Hospital in Nagpur

Average Sharjah rents still 38% cheaper than 2008 peaks
Property»

Average Sharjah rents still 38% cheaper than 2008 peaks

Saturday, 3 December 2016 12:47 AM

Asteco report says property markets across Northern Emirates remain stable, new supply keeping rates from rising rapidly

Saudi Arabia appoints new labour minister, reshuffles Shura council
Politics & Economics»

Saudi Arabia appoints new labour minister, reshuffles Shura council

Saturday, 3 December 2016 12:47 AM

King Salman bin Abdulaziz replaces labour minister after rise in unemployment in the world's top oil exporter

US President urged to halt Saudi arms sales over Yemen airstrikes
Politics & Economics»

US President urged to halt Saudi arms sales over Yemen airstrikes

Saturday, 3 December 2016 12:46 AM

Human Rights Watch writes to Barack Obama urging him to change policy on Saudi Arabia before he leaves office

UAE rulers hail 'brightest period in history', open $136m museum
Culture & Society»

UAE rulers hail 'brightest period in history', open $136m museum

Friday, 2 December 2016 7:28 PM

Leaders gather at Union House in Dubai, the same location where founding fathers met 45 years ago

Islamic banks gradually embracing green finance, says survey
Banking & Finance»

Islamic banks gradually embracing green finance, says survey

Friday, 2 December 2016 10:36 AM

From renewable energy to microfinance efforts, banks are helping to unlock new funding sources for environmentally-friendly projects

UAE's Masdar completes 8 rural solar projects in Mauritania
Energy»

UAE's Masdar completes 8 rural solar projects in Mauritania

Friday, 2 December 2016 10:23 AM

16.6MW of additional solar power will supply up to 30% of the electricity demand of remote communities

GCC firms warned to brace for more gov't tax plans
Banking & Finance»

GCC firms warned to brace for more gov't tax plans

Friday, 2 December 2016 10:22 AM

ICAEW report says weak oil prices likely to lead to new tax measures alongside subsidy reforms and spending cuts

Saudi Arabia leads soaring MidEast demand for French cheese
Retail»

Saudi Arabia leads soaring MidEast demand for French cheese

Friday, 2 December 2016 10:22 AM

New research shows that Gulf kingdom imported more than $143m worth of cheese from France

MENA 5G subscriptions forecast to hit 20m by 2022
Technology»

MENA 5G subscriptions forecast to hit 20m by 2022

Friday, 2 December 2016 10:22 AM

New Ericsson report also says smartphone subscriptions will more than double in the region to 480m

Google launches new Dubai Street View series for National Day
Technology»

Google launches new Dubai Street View series for National Day

Friday, 2 December 2016 10:21 AM

Sites launched showcase Dubai, from the waterfront Souk at Madinat Jumeirah, to the Dubai Aquarium and Underwater Zoo


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Abu Dhabi merger to create $175bn banking heavyweight

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State investment funds Abu Dhabi Investment Council and Mubadala will hold 33.2 percent and...

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Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

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Prime Minister says that he is confident economic cooperation between Qatar and the UK can...

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