ABU DHABI – Abu Dhabi Chambers of Commerce and Industry has invited Japanese investment to set up projects in the areas of renewable energy, technology, electronics, petrochemicals and the car manufacturing. (read the story…) Related items Business : Dubai Chamber, NBAD to support SME finance Business : Abu Dhabi a promising hub for investments...
DUBAI – Dubai Gold and Commodities Exchange, or DGCX, got off to a strong start in 2012 with January volumes rising 95 per cent from the same month last year to hit 475,942 contracts, valued at $19.32 billion. (read the story…) Related items Dubai GCX’ traded contracts soar 110% in 2011 Business : DGCX...
DUBAI (Reuters) – Gulf Arab countries announced on Tuesday they were recalling their ambassadors from Damascus and expelling Syrian envoys in response to worsening violence in Syria. Syria's rulers had rejected Arab attempts to "solve this crisis and prevent the bloodshed of the Syrian people," a statement from the Gulf Cooperation Council said. …...
BEIJING/LONDON (Reuters) – China is scouring the world for alternative oil supplies to replace a fall in its imports from Iran, as it seeks to negotiate lower prices from Tehran, and has been drawing heavily on Saudi Arabia. Industry sources told Reuters that Beijing had bought the bulk of an increase in crude oil...
In the midst of rebellion and turmoil, automakers led by Volkswagen AG and Ford Motor Co. are investing more heavily in the Middle East. (read the story…) Related items Oman: Syria crisis must be resolved through peace plan Shop till you drop in Dubai, Middle East's shopping capital Arab League monitors made "mistakes" in...
A U.S. proposal to sanction Iran’s state-owned oil company and its main tanker fleet may ensnare any person or business in the world involved in purchasing or shipping Iranian oil. (read the story…) Related items Iran-Sanctions Bid Targets Oil, Tanker Companies to Cut Exports Saudi Aramco Raises March Oil-Price Differentials to Europe 2012 Could...
DUBAI, United Arab Emirates—To celebrate Chinese New Year last month, Dubai’s swankiest hotel bathed its sail-shaped facade in red lighting accented with an image of a twisting golden dragon. The gesture by the $2,300-a-night Burj al-Arab was a not-so-subtle nod to the tightening bonds Beijing is forging with the kings and sheiks who rule...
ABU DHABI – The non-oil trade slid nine per cent year-on-year as Japanese exports to the UAE plummeted 11 per cent in first half of 2011 due to break-up in the industrial supply chain caused by massive earth quake and subsequent Tsunami, a top official said. (read the story…) Related items Business : Dubai’s...
Dubai’s shares rose to the highest in almost five months, led by Arabtec Holding PJSC (ARTC) , amid speculation investors are accumulating the company’s stock on bets it will benefit from regional infrastructure spending. (read the story…) Related items Dubai Shares Rise, Led by Arabtec, on Bets Drop Overdone on Global Outlook Business :...
A U.S. proposal to sanction Iran’s state-owned oil company and its main tanker fleet may ensnare any person or business in the world involved in purchasing or shipping Iranian oil. (read the story…) Related items Iran-Sanctions Bid Targets Oil, Tanker Companies’ Sales Saudi Aramco Raises March Oil-Price Differentials to Europe 2012 Could Be a...
