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IMPORTS UP 12pc
Dubai non-oil trade surges 10pc to $272bn
Dubai's non-oil foreign trade jumped 9.9 per cent to Dh1 trillion ($272.3 billion) in the first nine months mainly driven by an increase in imports, the Gulf emirate's government said on Sunday.
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$66bn SET FOR SPENDING
Iran president targets stagflation in first budget
Iranian President Hassan Rouhani presented his first budget to parliament, vowing to bring down inflation and boost growth to lift an economy reeling from sanctions and what he says was mismanagement by predecessor Mahmoud Ahmadinejad.
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FOOD PRICES DOWN
Kuwait inflation plunges to nine-year low
Kuwait's annual inflation rate fell to a modest 2.7 per cent in October - its lowest in nine years, despite robust consumer spending and some improvement in business sentiment, said a report.
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SPOTLIGHT
Family, politicans battle over Brand Mandela
From political posters to bottles of wine and kitchen aprons, the face and name of Nelson Mandela are a potent commercial and political brand in South Africa. Little wonder it's so sought after - and the source of occasional squabbles.
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SPECIAL REPORT
Smuggling cartels, militants hinder revival of Somali port
Al Qaeda-linked militants, drug smugglers and shadowy criminal networks stand in the way of the Somali federal government's hopes of hiring a foreign firm to manage the lucrative but run-down southern port of Kismayu.
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IMAGE OF THE DAY
‘Wall’ of security
Riot police block a street during a rally organised by supporters of EU integration in central Kiev on December 8. Pro-Europe protesters gathered for a rally that organisers were hoping would swell to one million people.
Top Trade News
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House prices hit new peak, led by emerging Asia
Booming housing markets in emerging Asia have pushed residential property prices to a new peak while Dubai topped the global index as house prices there rose more than a quarter over the last 12 months, followed by China, HK and Taiwan.
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Gitanjali group unveils diamond collection
Gitanjali Group, a leading diamond and jewellery manufacturer - retailer has teamed up with top luxury retailer Paris Gallery to launch its Nakshatra jewellery collection in Dubai.
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Libya lost $7bn to oil strikes, says minister
Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, revealed Oil Minister Abdelbari al-Arusi.
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Qatar c.bank plans $1.1bn in bonds, sukuk
Qatar's central bank plans to issue 3 billion riyals ($824 million) worth of local currency government bonds and 1 billion riyals of sukuk next week, it said.
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Smuggling cartels, militants hinder revival of Somali port
Al Qaeda-linked militants, drug smugglers and shadowy criminal networks stand in the way of the Somali federal government's hopes of hiring a foreign firm to manage the lucrative but run-down southern port of Kismayu.
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Pentair to set up manufacturing unit in Saudi
Pentair, a leading provider of advanced solutions in energy, food and water, has joined hands with Saudi-based Ali Abdullah Al Tamimi Company to set up a new manufacturing and service facility in Dammam.
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Gulf Air launches flight to Al Maktoum airport
Gulf Air, Bahrain’s national carrier, has launched its first flight to the new Al Maktoum International Airport at Dubai World Central (DWC), becoming the first full service carrier to commence operations to the new airport.
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Survey to measure UAE mobile radiation levels
The Telecommunications Regulatory Authority (TRA) has launched a technical survey to measure mobile radiation levels across the UAE with the drive mainly targeted at hospitals, schools, public spaces and residential neighbourhoods.
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Oman pulls out of Gulf Union plans
Oman will not be part of the proposed Gulf Union as there are other important issues for the Sultanate that needed to be addressed, said its Foreign Affairs Minister Yusuf bin Alawi bin Abdulla at a key security summit in Bahrain.
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100 global firms for Gulf traffic expo
More than 100 exhibitors from 20 countries involved in the region’s road, rail, parking and public transport projects are taking part in Gulf Traffic, a top transport infrastructure event opening in Dubai tomorrow.
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Saudi hospital implements patient safety project
Saudi-based King Faisal Specialist Hospital & Research Centre said it has selected healthcare IT companies Health Matrix and Datix for its optimizing patient safety project.
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Adnec seals strategic deal with Spanish firm
Abu Dhabi National Exhibitions Company (Adnec) has signed a MoU with Spain's Institución Ferial de Madrid (IFEMA) to target mutually-beneficial opportunities in the events and exhibitions sector.
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NBAD partners with top business school
The National Bank of Abu Dhabi (NBAD) has teamed up with Insead, a leading international business school, to provide one of its staff members each year the opportunity to study for its global executive MBA course every year.
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DuPont in sustainability goals success
DuPont, a leading chemical company, said it has achieved most of its 2015 sustainability goals three years ahead of schedule and has made substantial progress toward the rest.
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