In line with its corporate values and sustainable development agenda, Dubai Electricity & Water Authority (DEWA) has rolled out an awareness campaign aimed at residential and commercial consumers to reduce high levels of electricity and water consumption

Abu Dhabi's Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim, said higher deliveries of residential properties this year may help the state-owned developer break even in 2012 after 2011 loss. The company

Emirates Aluminium, or Emal, has launched foundry aluminium, a new value-added product that is mainly used in the automotive sector. The addition of foundry to Emal’s portfolio is part of its long-term vision of producing more value-added products as it

The increasing popularity of social networking sites, especially in the Middle East, can be used to the advantage of businesses that wish to grow, which in turn can create economic value, a research conducted by Deloitte has revealed. The fourth edition

The Kuwaiti fiscal surplus for 2011/2012 is expected to come in high due to budget-surpassing crude prices, according to a key bank in Kuwait. Crude price projections in Kuwait were budgeted at $60 for 2011/2012, although the actual price averaged about

A $1.5 billion, 10-year bond issue launched by Bahrain's government yesterday was oversubscribed by more than 400 per cent, said a senior official of the Central Bank of Bahrain (CBB). Executive director of banking operations Shaikh Salman bin Isa Al

Bahrain International Investment Park (BIIP), which has attracted almost $1.5 billion worth of foreign direct and local investment since its establishment in 2005, will create 6,000 jobs within two years as part of expansion plans, said a top official.

A regulatory framework for Islamic finance is taking shape in Oman as government bodies move towards meeting the country's stated aim of making sharia-compliant products available to the public this year. But logistical challenges and the limited size of

The strongest six months for sukuk issuance on record has put the Arabian Gulf's bond markets on track for their best year yet. The news comes as the region takes advantage of low interest rates to load up on cheap debt. Companies and governments have

Abu Dhabi Water & Electricity Authority (Adwea) is calling for companies to express interest in building and operating the latest addition to its fleet of power plants. The facility in Mirfa, a town about 120km west of Abu Dhabi city, will be run as a

The global exhibition business has moved from renting space to facilitating business and the Middle East meetings and exhibitions industry too needs to keep pace with such changes, according to a senior Sharjah official. Saif Mohammed Al Midfa,

Emirates is to further boost its fast-growing US network with the start of a second daily A380 service to New York JFK. From Jan. 1, EK203 from Dubai to JFK and its return sector EK204 will become A380 flights, offering an increased capacity of almost

Dubai-based mall developer Majid Al Futtaim (MAF) Holding plans to price a $500 million seven-year bond, according to the arranging banks. The bond will price at 5.25, at the tighter end of the range indicated earlier on Wednesday, signalling strong