Low crude prices set to widen economic gap among GCC oil exporters
Dubai: All GCC countries are highly dependent on oil revenues, with public spending from this source driving much of the economic activity. Thus, the decline in oil prices will have varying levels of impact on these economies depending on their level of oil dependence, Thomas Byrne, Senior Vice-President of Moody’s said in Dubai.
Airtel to double 4G network by next fiscal: Mittal
Barcelona: Flush with an investment outlay of $3 billion (Dh11 billion) a year on networks, telecom major Bharti Airtel plans to double its 4G network by next fiscal as it gears up to take on competition, including the much-awaited foray of Mukesh Ambani-led Reliance Industries group.
Cubis wins major UAE contract
Cubis, a Lurgan-based manufacturer with a workforce of more than 120, has won a six-figure export contract from the United Arab Emirates (UAE).
CESI Middle East selected to help enhance Dubai's electrical grid
Dubai Electricity and Water Authority (DEWA) has selected CESI Middle East to review transmission network in Dubai in order to ensure renewable energy integration readiness.
Prysmian to support power transmission system expansion projects in Kuwait
Prysmian Group has received two new contracts, valued more than €50m, to support the power transmission system expansion projects in Kuwait.
The UAE inaugurates three micro grid solar plants in Fiji
UAE-Pacific partnership fund provides project financing in Fiji with three new solar micro grid projects
Dubai's DEWA 2014 profit rises 14.8%
Dubai Electricity and Water Authority (DEWA) will use its own cash to repay a $1 billion bond maturing in April, the company said on Tuesday as it reported a 14.8 percent increase in 2014 profit.
Solar Impulse aircraft inspires UAE school children to look to the future
ABU DHABI // Pilots and engineers of the first solar-powered aircraft to attempt a global circumnavigation gave a demonstration on Tuesday to inspire children to believe in the impossible.
Construction sector pumps $3.6bn to Dubai economy
The construction sector contributed 7.89 per cent – or Dh13.4 billion ($3.64 billion) – to Dubai’s gross domestic product (GDP) of Dh170.7 billion ($46.4 billion) in the first half of 2014, according to latest figures.
$103bn construction deals to be awarded in GCC this year
Construction projects worth $103 billion are likely to be awarded this year in the GCC, an increase of 21.2 per cent over last year, according to a study.