Gold hits three-month high
London: Gold hit a three-month high and global shares rose on Tuesday as investors wagered that the new head of the US Federal Reserve would renew the bank’s pledge to keep policy ultra-easy at her first testimony to Congress.
Cleatrip to boost mobile traffic in 2014
Dubai: Cleartrip, an India-based online travel portal, will focus on driving mobile traffic this year rather than expanding its footprint, according to the company’s top executive.
Barclays to cut 12,000 jobs, pays bigger bonuses
London: Barclays Plc expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year.
Kuwait awards $12b clean fuel project
Kuwait City: Kuwait National Petroleum Co said on Monday it has awarded a $12-billion project to British, US and Japanese-led consortia to boost capacity at oil refineries and make production more environmentally friendly.
UAE has the edge, crosses 1m broadband subscribers
Abu Dhabi: With over a million broadband subscribers now, the UAE has witnessed a 30 per cent increase in broadband subscriptions from January 2011 to November 2013, according to the latest statistics by the Telecommunications Regulatory Authority (TRA).
UAE a leading light in global consultancy
The UAE, Qatar and Saudi Arabia are the “stars” of the US$92 billion global consultancy market and the GCC region is expected to outshine all other regions this year, a report being released today predicts.
Somaliland:Ras al Khaimah Gas Company LLC (RAKGAS) set to Start Oil Explorations & Extraction Operations in March 2014
Somaliland Minister of Mining and Energy Hon Hussein Abdi Dualeh today received representatives of Ras al Khaimah Gas Company LLC (RAKGAS) lead by Mr. Osama Abdulla Aal and his associate who are currently visiting the country.
Oil, gas and petrochemicals top industry in the U.A.E.
DUBAI, 5th January, 2014 (WAM) -- A recent Bayt.com "Top Industries in the Middle East and North Africa" survey conducted by Bayt.com
Irish Work Wear Manufacturer Establishes UAE Operations
Portwest, an Irish company specialising in the design and manufacture of high quality work wear, has recently established a distribution centre and sales office in the UAE, servicing the Middle East and Africa.
Aramex PJSC : Dubai's Aramex eyes SA, East Africa
DUBAI: Dubai-listed logistics group Aramex expects double-digit net profit and revenue growth for last year and is eyeing acquisitions in South Africa and east Africa later this year, its Fadi Ghandour, the group's founder and vice-chairman, said yesterday.