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Gulf expat workers send home $100 billion: Report

Last Updated: Tuesday, June 9, 2015, 16:53

Foreigners working in the energy-rich Arab states of the Gulf sent more than $100 billion in remittances to their home countries last year, an economic report showed Tuesday.

France, Qatar seal 6.3 bn euro Rafale fighter jet deal

Last Updated: Thursday, April 30, 2015, 15:31

Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as fears of Iran`s growing influence in the area, have fuelled a desire across Sunni Gulf Arab states to modernise their military hardware.

More than 30% of Arab youth jobless: Labour official

Last Updated: Sunday, April 19, 2015, 21:44

More than 30 percent of young Arabs are jobless because of unrest in many Arab nations and not enough investment, a top labour official said on Sunday.

Gulf Arab allies pledge $12 billion to Egypt at summit

Last Updated: Saturday, March 14, 2015, 02:17

Gulf Arab allies pledged a further USD 12 billion of investments and central bank deposits for Egypt at an international summit on Friday, a big boost to President Abdel Fattah al-Sisi as he tries to reform the economy after years of political upheaval.

Clean energy risks over oil price fall: French minister

Last Updated: Monday, January 19, 2015, 22:43

The fall in oil prices poses a threat to global efforts to boost renewable energy use and lower carbon emissions, France`s ecology and energy minister said Monday.

UAE says falling oil prices will not impact clean energy

Last Updated: Monday, January 19, 2015, 18:21

The United Arab Emirates on Monday downplayed fears that the fall in oil prices could negatively impact the development of renewable energy projects.

OPEC cannot protect oil price: UAE

Last Updated: Tuesday, January 13, 2015, 13:25

OPEC cannot protect world oil prices which have plunged since June, the United Arab Emirates said on Tuesday, arguing that rising North American shale oil output needed to be curbed.

Dubai passes first deficit-free budget since crisis

Last Updated: Saturday, January 3, 2015, 22:57

Spending is set at 9.0 percent higher, while revenues are projected to be up 11 percent.

Arab OPEC sources see oil back above $70 by end-2015

Last Updated: Tuesday, December 23, 2014, 13:49

Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term.

'Irresponsible' non-OPEC output behind oil price plunge: UAE

Last Updated: Sunday, December 21, 2014, 17:37

"Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the main causes of the slump in prices, the United Arab Emirates energy minister charged Sunday.

Saudi billionaire prince to launch Arab news channel

Last Updated: Monday, December 15, 2014, 20:31

Saudi billionaire businessman Prince Alwaleed bin Talal is to launch an Arab satellite news channel on February 1, vowing to "break the mould" in a crowded field.

SBI to take part in Arab Asia Business Partnership Summit 2014

Last Updated: Monday, December 8, 2014, 14:23

The theme of the event scheduled from December 9-12, is 'Reinventing Regional Markets', which is organised in collaboration with the Confederation of Indian Industry (CII).