Business & Finance

DUBAI, The number of Indian tourists travelling to the GCC is expected to increase 81 percent from 5.4 million in 2018 to 9.8 million in 2024, growing at a Compound Annual Growth Rate, CAGR, of 10 percent, according to the latest data published ahead o…

VIENNA, The price of OPEC basket of fourteen crudes stood at US$63.44 a barrel on Monday, 18th November, compared with $63.12 the previous Friday, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the followin…

DUBAI, UNITED ARAB EMIRATES – Dubai-based carrier Emirates announced on Monday it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in a deal worth $16 billion at list price.Separately, the Emirati bu…

Dubai, UAE, Dubai’s non-oil trade with Africa will exceed AED 1 trillion for the period extending from 2011 until the end of 2019, asserted His Excellency Majid Saif Al Ghurair, Chairman of Dubai Chamber, noting that it had already reached AED926 billi…

DUBAI, The UAE’s Ministry of Defence signed 11 deals at a total value of AED7,622,312,234 on the first day of Dubai Air Show 2019, a senior official said on Monday.The deals involved enhancement, maintenance and purchase of parts and ammunition for the…

ABU DHABI, The Africa Investment Summit, AIS, a two-day event that seeks to enhance dialogue between global, long-term investors and Africa-based sovereign wealth funds, financial institutions and corporates, opened this morning in Abu Dhabi.Hosted by …

VIENNA, The price of OPEC basket of fourteen crudes stood at US$63.12 a barrel on Friday, compared with $63.00 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (…

Dubai, A senior Boeing executive said the company knows it has to re-earn the public’s trust as it works to win approval from U.S. regulators to get its grounded 737 Max jets flying again after crashes that killed 346 people. President and CEO of Boein…

Held under the theme Scale-Up Africa, high-level forum is organised by Dubai Chamber under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of DubaiDubai, UAE: Heads of state, ministers,…

DUBAI, Dubai Electricity and Water Authority, DEWA, has reduced the time to complete the one-step process for new connections of up to 150kW for commercial and industrial customers from seven to five days.DEWA is further boosting Dubai’s economy and co…

Dubai, Commemorating the Year of Tolerance, Dubai Investments brought together almost 50 nationalities from all the diverse Group companies, to paint a tolerance inspired Ghaf tree leaf mural, reflecting the true essence of tolerance.The employees came…