Friday 28 November 2014
 
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UAE

UAE may create body to monitor FX peg

An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the US dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future. An

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Ro’Ya wins start-up award

Ro’Ya, a program that drives entrepreneurship among women in the UAE, received the award for Start-Up Programme of the Year at the annual Arabian Business Start-Up Awards. A collaboration between Dubai Business Women's Council

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Jafza’s steel firms record 20pc growth

The steel companies in the Jebel Ali Free Zone (Jafza) recorded a 20 per cent growth last year, more than the rate of the industry growth in the UAE, according to a report. The zone’s steel manufacturers and traders are expe

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Jafza’s steel firms record 20pc growth

The steel companies in the Jebel Ali Free Zone (Jafza) recorded a 20 per cent growth last year, more than the rate of the industry growth in the UAE, according to a report. The zone’s steel manufacturers and traders are expe

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Lufthansa offers 43pc discount to mark UAE National Day

In celebration of the UAE National Day, German carrier Lufthansa will roll out a special offer of 43 per cent discount on its Economy Class tickets. The promotion will be available for 43 hours starting November 30 till December 1.

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Saudi, UAE signal no push for Opec oil cut

Opec leader Saudi Arabia and fellow member, the UAE signalled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have collapsed by a third since June.

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EGA plans $5 billion capex by 2020

UAE-based Emirates Global Aluminium (EGA) is bullish about the global aluminium market and plans a capital expenditure of $5 billion by 2020, said the chief executive of the company. “We have to make the investment to be str

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RAK firms to celebrate UAE National Day

Al Marjan Island (AMI) and Ras Al Khaimah Tourism Development Authority have lined up exciting events to celebrate the 43rd UAE National Day. The activities, on November 27 and 28, will include UAE traditional performances, crafts, live

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Du, Microsoft in deal to provide Office 365 to SMBs

UAE-based telecommunication operator du and Microsoft have signed a new partnership to provide small and medium-sized business in the UAE with the new Office 365 offering. The cloud-based productivity applications and services wil

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Workers' skills to be tested before UAE entry

The UAE has launched a new pilot project under which 2,500 workers in the construction sector from India, Pakistan and Philippines will have their skills tested before being recruited in the country, said a report. The workers wil

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