Apr 162012
Dubai: Dubai Police have smashed a suspected international drug smuggling ring and arrested 21 people in cooperation with Abu Dhabi and Oman police. The gang has been charged with smuggling and selling narcotics.
The arrests came as a result of Read more [...]
Man, Machine, Power
Motoring
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Apr 152012
In the past, if you were based in Oman and wanted to have a little fun sprucing up your car, the only option you had was to drive down to Dubai to get Read more [...]
Apr 122012
The Dubai Mercantile Exchange plans
to open an office in Singapore, its first outside the emirate,
and is hiring executives in its effort to make the Oman crude
futures contract a price benchmark for Arab producers.
The Dubai-based exchange expects to add Reliance Industries
Ltd. (RIL) of Read more [...]
Gulf banks bounce back from stagnation
News
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Apr 092012
Dubai: The banking industry in the Middle East experienced a healthy revenue growth of seven per cent in 2011 after a year of stagnation and the strong recovery was led by GCC banks, according to the latest Middle East Banking Index of Boston Consulting Group (BCG).
The Read more [...]
Apr 072012
By A Staff Reporter — MUSCAT — Joyalukkas, the world’s largest jewellery retail chain, has opened its first Joyalukkas Centre at Ruwi, Muscat. The mega showroom located in a landmark new building across the Ruwi police station offers a unique combination of jewellery and fashion under one roof.
The largest and first Read more [...]
Oman Puts Out the Welcome Mat for Tourists
Travel
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Apr 042012
Boosted by turmoil elsewhere in the region, sultanate eyes 20 million visitors by 2020
Tucked into a distant corner of the Arabian Peninsula, Oman doesn’t have the iconic monuments of Egypt, the glitz of Dubai or the proximity to the European market of Tunisia. But the Read more [...]
Apr 032012
The fifth Gulf Film Festival, the home of bold, contemporary and experimental cinema from the Arabian peninsula, will open in Dubai and Abu Dhabi in less than a fortnight with the screening of Tora Bora, a Kuwaiti feature film that revolves around Read more [...]
Apr 012012
Dubai’s benchmark stock index rose,
extending its best start to a year since 2005, amid investor
optimism corporate earnings may beat expectations as the emirate
recovers from the debt crisis. Egyptian shares fell.
Gulf Navigation Holding PJSC (GULFNAV), Dubai’s only publicly traded
tanker owner, climbed to Read more [...]
Mar 282012
The Dubai Mercantile Exchange plans
to ask crude buyers in Asia to lobby Saudi Arabia and other oil
producers in the Persian Gulf to adopt its Oman crude futures
contract as a benchmark for their official selling prices.
Adoption of the contract as a benchmark must be “customer-
driven,” Kendal Read more [...]
Dubai announces crude oil price for June
News
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Mar 242012
(MENAFN - Khaleej Times) The Department of Oil Affairs in the government of Dubai on Thursday announced that it had notified its customers that the official price of Dubai crude oil, which will be delivered next June, will be US$0.45 less per barrel than Read more [...]
Mar 232012
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Ticket sales are already sky rocketing as UAE residents gear Read more [...]
Mar 222012
Dubai narrowed the discount for oil
to be loaded in June to 45 cents less than Oman Crude Futures (OOSPOMAN),
after April and May cargoes were priced at the lowest
differential since the emirate began using the benchmark.
The sheikhdom, Read more [...]
Mar 222012
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Ticket sales are already sky rocketing as UAE residents gear Read more [...]
Double trouble in the sands
Whether
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Mar 212012
Al Ain: The widespread storm, which has laid a veil of fine dust across most of the GCC, will gradually clear off by tomorrow and temperatures will start to climb again, weather forecasters said yesterday.
The powerful storm, described by several Read more [...]
UAE to build LNG terminal that bypasses key strait
Money
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Mar 202012
By ADAM SCHRECK
The Associated Press
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DUBAI, United Arab Emirates — An energy company in the United Arab Emirates said Tuesday it is developing a terminal to receive liquefied natural gas supplies on the country's eastern coast, bypassing the strategically sensitive Strait of Hormuz.The new terminal Read more [...]