The contract is for the first phase of Zakum Development Co's (Zadco) expansion at its offshore oil field whose production will rise 100,000 barrels per day (bpd) when completed, one of the sources told Reuters on Monday.
July 10, 2012 10:44
Dubai is all set to launch yet another tourist attraction in a bid to outdo other countries vying for the tourism pie.
July 8, 2012 5:20
Sukuk is EIB's second debt sale this year; Islamic bond priced at 310 bps over midswaps with 4.147 pct coupon; Tight pricing suggests strong demand for issue
July 4, 2012 6:13
Tamweel was planning to raise $235 mln issue; Roadshows completed end of June; Regional investors and traders say deal too complex
July 4, 2012 6:10
National Bank of Abu Dhabi , the largest lender by market capitalization in the United Arab Emirates, has opened its first branch in Malaysia, expanding the bank's global operations to 14 countries.
July 4, 2012 6:05
UAE is now the 5th heaviest country in the world, along with five other GCC nations in the top 10 roster
July 4, 2012 4:54
The United Arab Emirates (UAE) called for stronger bilateral ties with Egypt on Tuesday following the swearing-in of the new Islamist president of the largest Arab nation.
July 4, 2012 1:07
Due to the high penetration of smartphones in the region and the volume of youth engaged in social media, demand for Arabic language digital content now extends to mobile and apps.
July 4, 2012 1:04
The United Arab Emirates (UAE) called for stronger bilateral ties with Egypt following the swearing-in of the new Islamist president.
July 4, 2012 9:36
The United Arab Emirates (UAE) may allow more foreign partners, especially Asian energy companies, to take stakes in more marginal fields, the chief executive of Abu Dhabi Marine Operating Company (ADMA-OPCO) said on Tuesday.
July 3, 2012 5:18
The HSBC UAE Purchasing Managers' Index, which measures the performance of the manufacturing and services sectors, fell to 53.2 points last month from an 11-month high of 53.8 in May.
July 3, 2012 12:40
Fresh outages, dwindling finances and pent up inventory is only half of Blackberry’s list of woes, even as the company puts on a brave front for the public. Heroic or delusional?
July 2, 2012 5:06
Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member the United Arab Emirates, will supply full contractual crude oil volumes to Asia in August, steady with July, industry sources said on Monday.
July 2, 2012 10:10
All mobile phone users in the UAE are asked to re-register and verify their identity with their service providers, to avoid cancellation of their Sim cards.
July 1, 2012 1:50
UAE and Qatar markets end lower as investors cut risk, tracking declines on European bourses after divisions among European leaders dashed any hopes of concrete measures to tackle the region's debt crisis.
June 28, 2012 4:52