Latest Industries News

Last Updated: Tue, May 31 2016 | 3:26 PM |
Stowaway found in cargo hold of Emirates flight from China
Transport»

Stowaway found in cargo hold of Emirates flight from China

Tuesday, 31 May 2016 7:26 PM

Airline says stowaway was discovered on Flight EK303 from Shanghai to Dubai on Friday

Abu Dhabi's ADFG, Al Mal Capital among Shuaa Capital bidders
Banking & Finance»

Abu Dhabi's ADFG, Al Mal Capital among Shuaa Capital bidders

Tuesday, 31 May 2016 6:57 PM

Dubai Group, a unit of Dubai Holding, is in the process of selling its holding in investment bank Shuaa

Saudi's PetroRabigh takes $33m earnings hit on power cut
Energy»

Saudi's PetroRabigh takes $33m earnings hit on power cut

Tuesday, 31 May 2016 6:50 PM

Interruption was caused by cut in the main power supply lines by contractor working on its phase 2 expansion

Global glut to temper oil price gains this year, say analysts
Energy»

Global glut to temper oil price gains this year, say analysts

Tuesday, 31 May 2016 4:04 PM

Reuters poll of 33 analysts forecast 2016 average price of $43.60 per barrel, up $1.30 from April poll

Saudi Aramco to expand capacity of east-west pipeline by end-2018
Energy»

Saudi Aramco to expand capacity of east-west pipeline by end-2018

Tuesday, 31 May 2016 3:21 PM

State oil giant says expanded pipeline will produce 7 million bpd up from current level of 5m barrels

Ajman says Q1 tourism revenues rise 20% to $29m
Travel & Hospitality»

Ajman says Q1 tourism revenues rise 20% to $29m

Tuesday, 31 May 2016 2:04 PM

Emirates says number of tourism arrivals during first quarter of 2016 also increases to more than 142,400

Saudi Arabia said to hire HSBC banker to manage bond issue
Banking & Finance»

Saudi Arabia said to hire HSBC banker to manage bond issue

Tuesday, 31 May 2016 2:04 PM

Fahad Al Saif has reportedly joined the Ministry of Finance on secondment from HSBC's Saudi British Bank

Etihad's stake in Virgin Australia to shrink after move by China's HNA
Transport»

Etihad's stake in Virgin Australia to shrink after move by China's HNA

Tuesday, 31 May 2016 2:04 PM

Shareholder Etihad's holding will fall from 25.1% to 21.8% as HNA Aviation acquires $114m stake

Al Habtoor Group says 'no relationship' with Habtoor Leighton Group
Construction»

Al Habtoor Group says 'no relationship' with Habtoor Leighton Group

Tuesday, 31 May 2016 2:04 PM

UAE conglomerate says it has cut ties with Australian construction JV in which it had a 55% stake

Oman expects to see 5m tourists annually by 2020
Travel & Hospitality»

Oman expects to see 5m tourists annually by 2020

Tuesday, 31 May 2016 2:04 PM

Tourism official says country is expecting 120% rise in visitors from 2015

One month until compulsory health insurance deadline in Dubai
Healthcare»

One month until compulsory health insurance deadline in Dubai

Tuesday, 31 May 2016 10:47 AM

Failure to take out cover could result in fines of AED500 per month

Oil could reach $60 this year, says UAE minister
Energy»

Oil could reach $60 this year, says UAE minister

Tuesday, 31 May 2016 9:37 AM

Iraq to join Saudi Arabia, Kuwait, Iran and the UAE in increasing production in Q3

Saudi's SABIC inks deal to build China petrochemicals project
Energy»

Saudi's SABIC inks deal to build China petrochemicals project

Monday, 30 May 2016 8:13 PM

Saudi Basic Industries Corp says it has signed an agreement with Shenhua Ningxia Coal Industry Group

Telco du announces plan to 'revolutionise' UAE healthcare records
Technology»

Telco du announces plan to 'revolutionise' UAE healthcare records

Monday, 30 May 2016 7:36 PM

Telecoms operator says to use new technology to allow hospitals to instantly share, verify electronic health records

Dubai's Najibi launches investment firm on Australia's Sunshine Coast
Banking & Finance»

Dubai's Najibi launches investment firm on Australia's Sunshine Coast

Monday, 30 May 2016 6:11 PM

Conglomerate says Sanad Capital will serve as an investment springboard for local community projects


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