The project will be connected to DEWA’s grid through a low-voltage distribution board while also being used as a learning tool for the deployment of solar PV rooftop installations in Dubai.
Zanganeh did not name the countries but he may have been referring to Saudi Arabia, a dominant force within the Organization of the Petroleum Exporting Countries.
F1 is the vehicle to help car companies speed past their rivals, according to Infiniti Red bull’s Christian Horner.
Abu Dhabi is looking to further establish its name on the world stage by transforming Manchester City FC into a global footballing brand. But could the emirate’s era of sports investment be coming to an end?
Gulf bonds are actually viewed as defensive plays by some international investors, even though the region is heavily exposed to oil prices and the scene of a fair amount of geopolitical instability.
Investigator Michael Garcia has argued today’s summary of his findings confirming Qatar’s running of the tournament in 2022 is “materially incomplete” and “erroneous”.
There were no immediate details of whether embassies were the target of the bombs or whether any staff or security guards were in the buildings at the time.
The emirate, which provided water for free to UAE citizens, will charge a fee of Dhs1.7 per 1,000 litres for Emiratis from next year.
Once complete, the terminal will be capable of supplying an average of 1.2 billion standard cubic feet (bcf) of natural gas per day to the UAE.
Diplomats say preparations for the annual gathering of the GCC have become indicative of an unprecedented rift between Gulf Arab states over Doha’s backing of Islamists.
Qatar’s economy depends heavily on state spending funded by the coutnry’s gas exports but energy prices still appear far from levels that would stress government finances.
A law in effect for decades already bans reporting on the military without permission, but a text of the new draft leaked to local media would increase curbs and penalties.
A petrol price hike would probably have a much bigger impact on consumers than the diesel and kerosene changes.
Economic growth and lower provisions for bad debts have fuelled the banks’ profits, the UAE Banks Federation said.
An improvement in ties between Riyadh and Baghdad could help strengthen a regional alliance against Islamic State militants.
The project is expected to have a capacity of nine million tonnes a year.
Dubai’s diversification into sectors such as trade, tourism, real estate will ensure that it enjoys favourable economic conditions.
The new OTT players have helped the telecoms provider boost revenues from data usage, says the CEO.
The sharp drop in crude oil prices can only be arrested by Saudi Arabia, which is in no mood to be the “swing producer” again, writes Matein Khalid.
Aramco cut December crude prices to US refiners to maintain its market share, writes Reuters market analyst John Kemp.
The menace of ISIL has presented Iran with an opportunity to liberate its economy from sanctions by emerging as a responsible regional power that Washington and Riyadh can work with. Can it seize the opportunity?
Bahrain’s new visa policy is expected to boost the nation’s tourism sector and attract more investment to the local economy.
Gulf Business speaks to Niall Sallam, CEO of Elevision.
The phone scores on battery life and design, but lacks any major upgrade compared to the previous model.
Mobily announced it had cut profits for 2013 and the first half of 2014 by a combined SAR1.43 billion because of accounting errors.
In a video message broadcast on state television, a frail-looking Qaboos offered greetings to Omanis on the occasion of his birthday, which falls on Nov. 18 and is celebrated in Oman as a national day.
Post the sale, the founder of Dainese will retain a minority stake in the company and will lend his expertise in its operations, Investcorp said.
Subsidies and transfers accounting for nearly 20 per cent of annual expenditure in Abu Dhabi, according to the IMF.
Oil analysts see no sign of a new coalition in the making, despite some parallels to the late 1990s – a structural downturn in oil markets and talk of a price war among producers.
Three masked men opened fire at a group of citizens belonging to the Shi’ite muslim sect as they were leaving a building, state news agency SPA reported.