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Forex update, Dollar strength continues as Gold struggles

Research director Kathleen Brooks gives her view on the short term outlook for gold as it struggles to recover and dollar movement, as last week saw the dollar index rise 2% amid rumours of the end of QE3.

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DP World shares stuck below $16

DP World shares stuck below $16

The FTSE NASDAQ Dubai UAE 20 Index closed at 2,555.38 points, down 1.25% from the previous close. Shares of Dubai Ports (DP) World lost 0.40% to $...

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Islamic Finance: where next for the industry

Islamic Finance: where next for the industry

While the comeback of stock market rallies investment banking, the Shari'ah-compliant industry faces its toughest test since it entered its boom phase a decade ago.

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Axiata evaluating bid for STC's Indonesian affiliate

Axiata evaluating bid for STC's Indonesian affiliate

Malaysia's largest mobile-phone operator Axiata Group is assessing a bid for PT Axis Telekom Indonesia, Bloomberg has reported, citing three people...

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Sony unveils 10.1 inch Xperia Tablet Z

Sony unveils 10.1 inch Xperia Tablet Z

The next instalment of Sony's tablet series was revealed today at a Dubai press conference, with a focus on connectivity and entertainment.

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OPWP selects APR Energy to build 32MW power plant

OPWP selects APR Energy to build 32MW power plant

Oman Power and Water Procurement Co (OPWP) has awarded US-based APR Energy a contract to build a 32MW power station in the sultanate, Muscat Daily...

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World Bank funds best invested in desert power?

World Bank funds best invested in desert power?

Earlier this week, the World Bank published a report warning of the dramatic consequences of climate change and called on governments around the world to redirect the $1 trillion spent overall...

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Aldar selects Greek contractor for Bani Yas infra project

Aldar selects Greek contractor for Bani Yas infra project

Abu Dhabi-based Aldar Properties has awarded Athena, a subsidiary of Greek firm J&P-AVAX, a €125m contract for the construction, operation and...

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Damac to build mega golf community in Dubai

Damac to build mega golf community in Dubai

Adding to the increasingly growing roster of mega property launches in Dubai, Damac Properties has announced plans to build a massive 28 million sq ft development in the emirate.

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Agility sees 2013 'relatively good'

Agility sees 2013 'relatively good'

Kuwaiti logistics firm Agility expects profit to rise this year, helped by new contracts in emerging countries, Bloomberg has reported. The company...

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Kerzner to open first One&Only resort in Saudi Arabia

Kerzner to open first One&Only resort in Saudi Arabia

Kerzner International Hotels Limited, which manages the Atlantis resort on Dubai's Palm Jumeirah, has announced that it has signed a deal to open the first One&Only Resort in Saudi Arabia.

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Dubizzle launches content platform in Egypt

Dubizzle launches content platform in Egypt

Dubai-based online portal Dubizzle has announced the launch of its first web series and the formation of a content platform in Egypt, Campaign ME...

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Happy birthday YouTube - the top 8 videos of all time

Happy birthday YouTube - the top 8 videos of all time

As YouTube turns eight years old, more than 100 hours of video are being uploaded each minute.

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OMRAN drives new tourism projects in Oman

Video: Tourism projects across Oman, from the Northern enclave of Musandam to...

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Riyadh metro's ultra-modern designs revealed

UK-based Zaha Hadid Architects has revealed the following images of its designs...

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