» Emirates receives first Rolls-Royce powered A380
29/12/16 12:28 from AMEinfo.com | UAE News
Emirates, the world’s biggest long-haul airline, has taken delivery of its first Rolls-Royce engine-powered Airbus A380 superjumbo and has resolved its dispute with the engine maker over a technical issue. The A380 jet arrived in D...

» China’s diesel demand likely to rise ahead of Lunar New Year
29/12/16 12:20 from AMEinfo.com | UAE News
* October implied diesel demand highest since March * Demand up on higher construction activity, heating * Stocks at record low China’s diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels...

» Saudi’s PIF denies plans to buy stake in UAE’s Utico
29/12/16 12:19 from AMEinfo.com | UAE News
Saudi Arabia’s Public Investment Fund (PIF), its top sovereign wealth fund, on Thursday denied that it was buying a stake in United Arab Emirates utility Utico. “An official at the fund said that the news about entering into ...

» Dubai extends deadline for mandatory insurance to April – source
29/12/16 12:02 from AMEinfo.com | UAE News
Dubai’s health regulator has announced that residents can continue to apply for mandatory health insurance cover in 2017. The Dubai Health Authority (DHA) had earlier said that every visa holder in the emirate must have insurance before ...

» UAE makes headway with revival plan after oil slump
29/12/16 09:03 from AMEinfo.com | UAE News
Since the financial crisis hit the global economy in 2008, UAE has made great progress towards minimising its dependency on hydrocarbons. The country has successfully managed to diminish the influence of oil industry over the economy by ...

» Gulf set to consolidate, Saudi money supply data is positive
29/12/16 06:30 from AMEinfo.com | UAE News
Gulf stock markets look set to consolidate on Thursday with few fresh incentives, as global bourses and oil prices have moved little over the past 24 hours. Saudi Arabian money supply data released late on Wednesday was modestly positive...

» National Bank of Oman gets offer to buy stake
29/12/16 06:21 from AMEinfo.com | UAE News
National Bank of Oman (NBO) said on Thursday it had received a letter from Treasure Fleet International proposing to buy a stake in Oman’s third biggest lender. NBO will review the proposal; no legally binding commitments have been...

» Saudi bank deposits rise as central bank liquidates foreign assets
29/12/16 06:17 from AMEinfo.com | UAE News
* Commercial bank deposits hit highest level this year * Sign that liquidity crunch due to cheap oil easing * Central bank’s net foreign assets drop $5.3 billion * Most of fall is due to selling of foreign securities * Bank lending...

» Devising the most effective risk mitigation strategy
28/12/16 13:19 from AMEinfo.com | UAE News
The importance of following through on the crucial factors necessary to implement an effective risk mitigation strategy were recently brought into focus again as details emerged on how Europe’s leading police agency, Europol, suffered a ...

» Saudi sovereign fund buying stake in UAE utility firm
28/12/16 12:27 from AMEinfo.com | UAE News
Saudi Arabia’s top sovereign wealth fund is buying a stake in United Arab Emirates utility company Utico in a multi-million dollar deal, the chief executive of the UAE firm told Reuters on Wednesday. Public Investment Fund (PIF) ha...