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Qatar Railways awards $32bn in contracts
Qatar Railways has awarded contracts worth more than $32 billion till now to speed up its integrated railways project including preliminary works for its ambitious Doha Metro and Lusail Light Rail Transit project, said a top official.
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DGCX volumes up 51pc in November
Dubai Gold & Commodities Exchange (DGCX) has recorded a 51 per cent increase in its year-to-date volumes in November which surged to over 12.9 million contracts.
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More refinery closures on the cards for 2014: IEA
An increase in new oil refining capacity and a rise in production of fuel not processed at refineries will lead to more plant closures in 2014, the International Energy Agency (IEA) said in its latest monthly report.
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Mena inbound M&A value triples to $3.9bn
The value of disclosed inbound merger and acquisition (M&A) deals in Middle East and North Africa region more than tripled to $3.9 billion in the third quarter of 2013 from $1.1 billion last year, according to a report.
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Jobs only answer to Mideast problems
Youth unemployment is rampant in Mena region, the cradle of Arab Spring and with joblessness averaging 25pc, the only way to prevent a second revolt is through creation of more jobs. But whose responsibility is it anyway, probes Bayt.com.
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Alba on track for record year
Aluminium Bahrain (Alba), one of the largest aluminium smelters in the world, is on track to exceed 2012 production-record of 890,000 tonnes, said a senior official.
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Air freight volumes to grow 17pc in 5 years
The international air freight volumes are poised to grow 17 per cent over the next five years with the UAE and Hong Kong both contributing more than 700,000 tonnes each to the additional freight volume during the period, said a report.
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Bahrain eGA to offer 26 new Apps in 2014
The eGovernment Authority plans to offer 26 new applications on its new Government Apps Store by the beginning of 2014, said a senior official.
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GCC alarmed over Iran's plans for more nuke plants
Gulf states expressed concern at a summit on Wednesday over Iran's plans to build more atomic power plants, while welcoming a nuclear deal it struck with six world powers last month.
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GM shakes up auto industry, names first woman CEO
GM has picked Mary Barra, a company veteran who has risen through a series of manufacturing, engineering and senior staff positions during her 33-year career, to be its CEO, marking the first time a woman will lead the No.1 US automaker.
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Saudi launches ambitious gene mapping project
Saudi Arabia has embarked on an ambitious research project which will see 100,000 people in the kingdom have their genetic codes mapped in order to study the genetic basis of disease in its population and also the wider Middle East.
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50pc of UAE youth on social media face online threats
While 95 per cent of between the age of 14 and 18 school students in the UAE are active on social media, half of them have faced some form of online threats including cyber bullying, identity theft, and harassment, a report said.
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DFM opens educational trading floor at varsity
Dubai Financial Market (DFM), which operates as a secondary market for the trading of securities, has inaugurated its educational trading floor at the American University in the Emirates (AUE).
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Nasa finds evidence of freshwater lake in Mars
Scientists in National Aeronautics and Space Administration (Nasa) said they have found evidence of an ancient freshwater lake on Mars well suited to support microbial life.
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