The two countries are set to strengthen bilateral trade ties, according to the UAE Minister of Foreign Trade.
The Saudi-based chemical producer is planning to build a technology research and development in Shanghai.
The new process, jointly introduced by the UAE and India, aims to improve transparency in the recruitment of workers.
The Kingdom also slashed its crude prices for Europe, as oil demand weakens.
Korea Electric Power Corp, which is already building four nuclear power plants in the UAE, will begin talks to construct four more in the country.
Interestingly, visitors from Russia were the biggest spenders in the UAE during the Dubai Shopping Festival, according to Visa.
The International Energy Agency has warned that if crude oil prices don’t fall, oil import bills may soar to record levels this year.
The UAE lender’s loan will help Indonesian coal producer AKT to meet its working capital needs.
India-based Kingfisher Airlines, which operates daily flights to Dubai, said that it was cancelling all its international routes.
High-level ministers from the GCC countries and China have held meetings and decided to increase economic and trade relations between their regions.
The UAE based telecoms operator said that it was the first operator to provide 3G services in the country.
Qatar Petrochemical Company has awarded construction contracts worth QR604 million to expand its ethylene plant.
Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.
The 750 million renminbi bond, which matures in 2015, was 5.7 times oversubscribed, the bank said.
The issuance of Islamic bonds in the region could reach over $14 billion this year because of increasing investor demand, according to HSBC.
The utilities unit of Drake & Scull International has won the Dhs100 million contract to set up a water system for a thermal power station in India.
Regional unrest might affect China’s oil input, which in turn will have a drastic impact on global asset prices, said hedge funds guru Marc Faber.
A Korean consortium has signed a deal with ADNOC to acquire a 40 per cent stake in three oilfield projects in the UAE.
Saudi Arabia has increased the price of its Arab Light crude oil for customers in Asia by $1.25 a barrel for April.
The Japanese bank has received approval to offer foreign investors access to Saudi Arabia’s bourse.
The Kingdom is concerned about keeping the global oil market well supplied as demand from Asian countries increases.
The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.
The region’s trade with Russia, India and China is set to grow much faster than trade with developed economies.
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.
Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.
The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.
The country’s first trade deficit since 1980 raises questions how Japan will finance its huge public debt.
Amid the Dubai real estate meltdown, UAE contractor Drake & Scull International is chasing growth in Saudi Arabia and Asia.
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