There may not be a big growth in Iranian oil production immediately as Tehran’s huge fields have not been maintained well due to the sanctions, an official said.
Iran gas exports to Kuwait could be operational if a contract is signed, a senior official said.
The fund will offer between Dhs50,000 and Dhs5 million to start-ups and existing businesses in Dubai.
The UAE needs to prepare for a new phase of growth and development based on investing in new technologies that will embody innovation, writes an expert.
The recent drop in oil prices will not negatively impact the GCC’s renewable energy projects, affirm experts.
Failure to finalise the deal would generate levels of public dismay that could hurt authorities, say experts.
Some fund managers have begun to use employee sentiment as one of the tools to evaluate stock purchases.
The airline will deploy its two-class configured A380 from December 1, 2015 on this route, significantly increasing capacity.
The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.
The slump in the previous session was triggered by a shock jump in U.S. crude inventories and record Saudi output.
The new law mandates all men to undergo compulsory military training once they reach the age of 18 and to remain in reserve forces till the age of 45.
The move is part of a Dhs2 billion expansion announced last year.
Halving of oil prices from $115 a barrel in June on global oversupply is hurting OPEC’s less wealthy members outside the Gulf.
Available now in 17 countries across the MENA region, Starz Play currently has a bank of 3,000 Hollywood movies and TV series.
The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.
The Kingdom produces more than 10 per cent of the world’s crude.
Brent regained ground after tumbling up to five per cent on Thursday, when a preliminary nuclear deal was reached between world powers and Iran.
The aid agency has been negotiating for nearly a week to deliver life-saving supplies and equipment to Yemen.
The bomb exploded on a bridge leading to the upscale Cairo district of Zamalek on Sunday.
Arab leaders have been alarmed by Tehran’s drive to expand its influence and tighten its grip through allied forces and militias on Arab states.
Air traffic disruptions have been confirmed in Dubai and parts of Saudi Arabia.
Many flights coming into Dubai from South Asia, Iran and the GCC region have been delayed or cancelled.
The UAE is building an LNG import facility in Fujairah, known as EmiratesLNG, with a capacity of nine million tonnes a year.
OPEC supply has risen in March to 30.63 million barrels per day (bpd) from a revised 30.07 million bpd in February, according to the survey.
Iran’s deputy foreign minister Hossein Amir Abdollahian said that Tehran has a proposal to end the conflict in Yemen.
Prince Saud K. Al Faisal said that under a new programme, the government would propose investments linked to such state spending plans.
Yemen’s state news agency Saba, which is under the control of the Houthis, said the camp at Haradh was hit by Saudi planes.
Saudi-led coalition warplanes struck military targets at airports in the capital Sanaa and in Hodeida, the main Red Sea port.
Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.
The conflict could potentially damage Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia.