China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.
Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day.
Qantas will operate a new Auckland-Perth service from early December through to February 1, 2014.
Rainbow Hospitals, a specialised maternity and paediatric healthcare chain, is based in Hyderabad, India.
Shanghai Tower will reach up to 632 metres high, around 200 metres shorter than Dubai’s Burj Khalifa.
The Abu Dhabi carrier is awaiting Indian regulatory approval to acquire a $379 million stake in Jet Airways.
India’s foreign investment regulator gave conditional approval to the $379 million deal.
Sky City, China’s most ambitious development, has faced criticism over its nine-month deadline.
The offer came just days after ADGAS, partly owned by ADNOC, offered 25,000 tonnes of naphtha for loading from Das Island.
Dubai World’s investment arm Istithmar bought the vessel from Cunard for $100 million back in 2007.
Sri Lanka returned a 40,000-tonnes diesel cargo shipment from ENOC on Thursday saying it was “not up to the required specifications”.
ATSB report found oil leak led to a fire in the Trent 900 engine, which caused the break-up of a turbine disc and aircraft damage
China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.
The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.
Two refiners in India have asked for additional cargoes to make up for a loss of supplies from Iran, say sources.
The deal marks Qatar’s first major investment in a listed Indian company.
L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.
Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.
The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
The state-owned lender expects to begin operations in the third quarter under the name of QNB India Private Limited.
The project, estimated to be worth less than $300 million, is due to come online in mid-2016.
With a market value of $11 billion, Asia’s second biggest airline desperately needs growth. Profit slumped nearly 70 per cent in the year to March 2012.
The Southeast Asian nation hopes to see a five per cent annual growth in Middle East travellers.
Emirates president Tim Clark said the airlines were not influenced by Etihad’s partnership with Virgin Australia.
The national airline carried a total of 463,999 passengers in the last year.
The deal is being channelled through Qatar Foundation Endowment.
Study finds over three-quarters of Muslims in MENA and South Asia want sharia courts to decide family law issues such as divorce and property disputes.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
Sheikh Salman secured 33 of the 46 presidential votes available from AFC member associations in Malaysia.