Mann+Hummel's regional expansion strategy on track with opening of first Middle East subsidiary

May 22, 2012
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MANN+HUMMEL, a global market leader in filtration technology, has announced the opening of its first subsidiary in the Middle East – MANN+HUMMEL Middle East FZE – in line with the company's … (read more here…)

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DoF – Abu Dhabi organises a workshop on the preparation of the general budget of Abu Dhabi for 2013

May 22, 2012
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Implementing the directives of HE Hamad Al Hurr Al Suwaidi, Chairman of the Department of Finance (DoF) – Abu Dhabi, and in line with its vision of prosperity and well-being of Abu Dhabi through an … (read more here…)

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Startup Weekend Emarati version launches in collaboration with Khalifa Fund

May 22, 2012
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The UAE version of Startup Weekend launches on Thursday 24th May 2012, for the first time in Abu Dhabi. The event organizers Innovation Machine are pleased to announce the launch in collaboration … (read more here…)

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Oil and Gas Summit kicks off in Dubai

May 22, 2012
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The inaugural Global Water: Oil & Gas Summit opened today at the Mina A'Salam Hotel in Dubai's Madinat Jumeirah. Organised by CWC Group, a leading events company focused on energy and … (read more here…)

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UAE's Fujairah port boosting oil storage capacity

May 22, 2012
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DUBAI, May 22 (Reuters) – Oil storage capacity in the UAE'sport of Fujairah is expected to rise to around 7.8 million cubicmeters by 2014 from its current capacity of 5.8 million cubicmeters, the harbour … (read the story…)

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Iranians reflect on sanctions as nuclear talks loom

May 22, 2012
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DUBAI (Reuters) – An Iranian crewman climbed down from the cabin of the ship and shuffled over to the fence that separated the public road from the quayside. "Sanctions?" he said, surprised by the question. "No. They aren't a problem for us." Flicking the ash from his cigarette, he pointed to the souk clinging...

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Now, mobile remittances transfer from UAE to India

May 22, 2012
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This is the first time a bank has introduced a real-time international account to account money transfer service via mobile phones anywhere in the world, a statement here said. (read more…) – FINANCE

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BREAKFAST DEALS: Qantas chums

May 22, 2012
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Qantas and Emirates raise hopes of a code-sharing deal, while Dulux Group draws an Alesco deadline. 22 May 2012 7:35 AM (read more…) – FINANCE

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Aldar, Sorouh Lift Abu Dhabi Stocks on Potential Merger Progress

May 22, 2012
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Abu Dhabi ’s shares rose to a week high, led by Aldar Properties PJSC (ALDAR) and Sorouh Real Estate Co. (SOROUH) , as the emirate’s biggest developers were said to be considering appointing advisers as soon as this week for a possible merger. (read more here…)

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Qatar- Barwa Real Estate Launches Its Major Project "Barwa City"

May 22, 2012
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(MENAFN – Qatar News Agency) Barwa Real Estate announced Monday the inauguration of "Barwa City", one of the largest real estate projects in Qatar, at an estimated cost of about QR 7.3 billion. … (read more here…)

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Filipino Muslims gather supplies to send home for Ramadan

May 22, 2012
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DUBAI // Two Filipino Muslim groups in the UAE are stocking up on dates, prayer mats, and copies of the Quran to ship to poor families in the Philippines for Ramadan. Ramadan is expected to start … (read more here…)

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UAE- Rupee hits another all-time low

May 22, 2012
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(MENAFN – Khaleej Times) The Indian rupee fell below the psychological level of 55 to hit a new historic low on Monday, setting up the prospect of further falls unless the government or RBI take … (read more here…)

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UAE- Al Ahli have the last laugh

May 22, 2012
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(MENAFN – Khaleej Times) Al Ahli dethroned arch rivals Al Shabab to be crowned Etisalat Cup champions following a dramatic, penalty shootout victory at Al Nasr's Al Maktoum Stadium here on … (read more here…)

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Dubai Duty Free eyes USD1.5b loan

May 22, 2012
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(MENAFN) The chief executive officer of Investment Corporation of Dubai, Mohammed Al Shaibani, said that Dubai Duty Free is currently raising a loan worth USD1.5 billion, up from the previous plans … (read more here…)

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UAE- 4 jailed for twittering tribal instigation

May 22, 2012
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(MENAFN – Khaleej Times) Abu Dhabi Public Prosecution ordered the detention of four persons on charge of tribal instigation and libelling through Twitter. Three Emirati men and a Palestinian women … (read more here…)

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