WAM Dubai, Jan 26th, 2012 (WAM)-- The Building Department of Dubai Municipality has advised all consultancy offices and contracting companies operating in Dubai to ensure that their suppliers... read more

The Abu Dhabi Executive Council has approved plans to build two new industrial cities in Al Ruwais and Madinat Zayed in Abu Dhabi, Gulf News has reported. The Al Ruwais industrial... read more

ISLAMABAD: Ambassador of the United Arab Emirates (UAE) Essa Abdullah Al Basha Al Nuaimi said close communication and coordination between government officials, businessmen and investors in UAE... read more

DUBAI: The United Arab Emirates Cabinet announced on Sunday it would liberalize trade in 12 commodities, saying this would help market stability, state news agency WAM reported.... read more

DUBAI: Dubai's government-owned commodities center is looking to introduce gold exchange-traded funds (ETFs) to the Dubai Gold and Commodities Exchange (DGCX) by trading. "The... read more

Oman Cables Industries has said its net profit after tax for the financial year ended December 31, 2011 fell 16% to OR6.9m, compared with OR8.2m in the previous year, Oman Daily... read more

RIYADH: Saudi Arabia is the second largest market in EMEA (Europe, Middle East and Africa) for BlackBerry maker Research in Motion (RIM), says a top official. "This is an important... read more

Egypt's cigarette monopoly, Eastern Co has reported a 31.6% jump in net profits to EGP371m ($61.4m) in the second half of 2011, compared with on the same period the... read more

Bahrain's Arab Shipbuilding and Repair Yard Co (Asry) has selected ABB to supply variable frequency converters for one of its projects in the kingdom. According to the $3.2m deal, ABB is to... read more

Khalid Al-Falih, the chief executive of Saudi Aramco, has said the company aims to be among the world's top three petrochemical producers in the near future, Arab News has reported. The... read more

NEW YORK: Apple has again surpassed Exxon as the most valuable US company after an excellent quarter. Apple's stock rose nearly 6 percent to $445.29 in midday trading Wednesday,... read more

WASHINGTON: The International Monetary Fund (IMF) warned on Wednesday that global crude prices could rise as much as 30 percent if Iran halts oil exports as a result of US and European Union... read more

MINNEAPOLIS: Quicker deliveries of Boeing’s commercial airplanes helped it report a 20-percent jump in fourth-quarter profits, and offset sluggish growth in its defense business.... read more

PARIS: Airbus acknowledged a combination of manufacturing and design flaws as it confirmed the discovery of more examples of cracks inside the wings of A380 superjumbo jets, while insisting the... read more

ZURICH: Swiss-based oil refiner Petroplus is to file for insolvency after lenders put the company on notice to pay off its debts triggering a default on $1.75 billion of senior notes and... read more