Industry & Trade

Industry & Trade

Dubai’s ENOC to build 10 new service stations in 2017

Emirates National Oil Company (ENOC) has announced plans to build 10 new service stations in 2017, as part of its 2020 expansion programme to increase its retail network capacity by…

 
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Industry & Trade

Kuwait Airways to increase flights to ME – 41.7 pct increase in frequencies during summer

Following the recent announcement of a 15.9 per cent increase in frequencies across its entire network for the upcoming International Air Transport Association (IATA) “Summer Season”, starting 26th March 2017,…

 
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Industry & Trade

Lebanon looks to develop oil industry

A major energy summit is being held in Lebanon, where politicians and business leaders are discussing how to kick-start the oil industry. Huge reserves of gas and oil lie beneath…

 
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Industry & Trade

Kuwait health sector ‘heavily depends’ on expats

Kuwait will be left with serious problems in the health sector if the authorities go ahead with much-anticipated plans to reduce the high number of foreigners working in the country….

 
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Industry & Trade

Sharjah’s utility firm called out to ‘multiple gas leaks’

Sharjah’s state utility company has confirmed that it has had to deal with “multiple gas leaks” in the emirate. The Sharjah Electricity and Water Authority (SEWA) said in a statement…

 
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Industry & Trade

Kuwait to sell $10bn in international bonds early this year

Kuwait plans to offer 3 billion dinars ($9.91 billion) in bonds to international investors early this year, the Kuwaiti finance minister said. Anas Al Saleh also journalists that Kuwait’s public…

 
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Industry & Trade

Kuwait launches new plan to transform economy by 2035

Kuwait has unveiled a new plan to transform the country into a regional financial and cultural hub by 2035 through 164 strategic development programs. The Government said the Kuwait National…

 
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Industry & Trade

UAE’s Etisalat says 2016 net profit edges up by 1.9%

Higher revenues in its domestic market enabled United Arab Emirates-based telecommunications operator Etisalat to report a slightly higher profit on Tuesday. Etisalat said UAE revenues rose by 5.5 percent due…

 
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Industry & Trade

UAE developer Manazel posts 5.8% rise in 2016 net profit

UAE-based developer Manazel Real Estate said on Tuesday that net profit for 2016 grew by more than 5 percent to AED206.5 million. The company said in a statement that the…

 
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Industry & Trade

Dana Gas says wins $121m court judgement in Kurdistan dispute

Dana Gas, one of the largest investors in Iraq’s Kurdistan region, said on Tuesday London’s Court of International Arbitration had ruled in its favour against the Kurdistan Regional Government (KRG)….

 
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