Saudi oil minister is said to have met top commodity hedge funds

London/Kuwait/Dubai: Khalid Al Falih, Saudi Arabia’s energy minister, met in private with some of the world’s top commodity hedge funds in July, taking the unusual step of personally canvassing investor views on the state of the market. In the past ... ( read original story ...)

UAE’s Aldar reports 5% growth in gross profit for H1 2017

... Aldar on track with Reem Island projects | Aldar reports net profit of $174.5m for Q1 2017 Abu Dhabi-headquartered developer, Aldaar Properties, has released its financial results for the first half of 2017. The company announced that its gross profit ... ( read original story ...)

Warning over fake smartphones being sold online

Dubai Police said counterfeit dealers are cashing in on the desire for the latest device but handing over knock-offs that either do not work or could catch fire. In Dubai last year alone, fake items valued at Dh1.6 billion were seized. Mobiles topped the ... ( read original story ...)

UAE PMI Sees Robust Improvement in Business Conditions

The health of the UAE’s non-oil private sector gained steam in July, supported by sharp expansions in output and new work. A survey carried out by Emirates NBD, the UAE PMI, reveals that in response to greater output requirements, firms scaled up ... ( read original story ...)

Firefighters get Dubai tower blaze under control

DUBAI, United Arab Emirates - Firefighters brought under control a blaze that broke out early Friday in one of the world's tallest residential towers in Dubai, engulfing part of the skyscraper and sending chunks of debris plummeting below, the city ... ( read original story ...)

Fire extinguished at 86-story residential high-rise in Dubai

No major injuries had been reported. A few people were treated for smoke inhalation, according to Dubai’s Gulf News website. Several building residents said the fire broke out just after 1 a.m. at the 86-story Torch Tower residential building ... ( read original story ...)

Dubai’s Torch Tower on fire again

A large fire has ripped through a residential 79-storey skyscraper in Dubai in the United Arab Emirates - for the second time in two years. Footage posted on social media showed flames spreading up the Torch Tower and burning debris falling to the streets. ( read original story ...)

Video: The Torch tower fire at Dubai Marina put out— Dubai Media Office (@DXBMediaOffice) August 3, 2017 A Dubai Police spokesperson told Gulf News the fire broke out on 9th floor and spread to upper four floors. "It's big fire started on 9th floor. Civil defence and police in ... ( read original story ...)