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Gulf Keystone keeps production target for main Kurdistan field
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| London: Gulf Keystone Petroleum Ltd. reiterated its production forecast for its main oilfield in the Kurdistan region of Iraq and expressed optimism about the resumption of export payments from local authorities.
“We are confident thatRead More... |
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Dubai firm sees 20% rise in revenues
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| Dubai: The UAE consumer electronics market is in a state of saturation right now, so most of the growth is coming outside the UAE, said Sharad Bachani, co-founder of Merlin Digital.
“We are growing organically in the UAE. About 50 per Read More... |
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Lego certified stores coming to Dubai
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| Dubai: Majid Al Futtaim (MAF), a Dubai-based retail and hospitality conglomerate, plans to bring Lego certified stores to Dubai for the first time.
The stores will open in Mall of the Emirates, City Centre Mirdif in August, and The Dubai Mall later Read More... |
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Africa: Financial Reward for Research Output Under the Spotlight in South Africa
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An investment in knowledge always pays the best interest - Benjamin Franklin
South Africa's higher education funding formula for research output is set for substantial changes that come into place in 2016.
A new funding Read More... |
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Attractive buying opportunities prop-up in UAE stocks after rout
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| Dubai: UAE stock markets have thrown some buying opportunities, with Dubai index losing nearly a fifth of its value from its 2015 high.
On Tuesday, the Dubai Financial Market General index closed 4.61 per cent, with Emaar, Arabtec and Amlak Read More... |
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Oil explorer Erin secures contract extension
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| Erin Energy, an oil exploration company that has interests in Lamu Basin, has been given permission by the government to proceed to the next stage of exploration which will include drilling an exploration well by the end of 2017.
The company has fRead More... |
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Nigeria: Govt Signs U.S.$237 Million World Bank Electricity Deal
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| Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-EdoRead More... |
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Omniyat to open Dh1bn Langham Place hotel in Dubai's Business Bay
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| Hong Kong // The developer Omniyat has agreed a deal with Langham Hospitality Group, a Hong Kong-based hotel operator, to open a new Langham Place hotel in the Business Bay area of Dubai.
The 6,325-square-metre site will house a 167-room hotel Read More... |
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Dubai continues push to become global design hub by 2020
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| The recently developed Dubai Creative Clusters Authority will help the emirate in its push to become a global hub for design and fashion by 2020, its deputy director general has said.
Previously called the Dubai Technology and Media Free Zone AuthorRead More... |
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FG to harness solar in Nigeria's energy mix - Power Ministry
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| The Permanent Secretary of the Ministry of Power, Dr. Godknows Igali, has said that Nigeria will soon fully harness its vast solar energy potential to help correct the imbalance in its energy mix, which is currently skewed in favour of thermal plantsRead More... |
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Invest In Africa's Growth Through The Market Vectors Africa Index ETF
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| The Market Vectors Africa Index ETF is the simplest and most efficient solution for investors to gain exposure to Africa’s economic growth.
The fund has experienced a sharp drop in price since 2014, which is not at all correlated to thRead More... |
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Dubai pushes through with new 'city'
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| Dubai: The ‘city’ being built around the Al Maktoum International Airport has a new name — ‘Dubai South’, which will encompass all of 145 square kilometres. Dubai South will be embody the spirit of the individual and be Read More... |
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Kenya: Crude Oil Pipeline Top of Kenyan Growth Agenda, Says Uhuru
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| The Hoima-Lokichar-Lamu crude oil pipeline is a priority project for the government as Kenya looks to tap the crude oil billions to accelerate development.
Speaking on Thursday at State House, Nairobi when he hosted a Japanese business delegation, PRead More... |
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Kenya Pipeline Company (KPC) reported a 26 per cent rise in profits before tax for year ending June, 2014.
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| The state corporation posted Sh10.2 billion in profits before tax, up from Sh8.1 billion registered in a similar period in 2013.
Acting Managing Director Flora Okoth attributed the just-released results to improved domestic and export throughput, whRead More... |
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Shoprite looks to Africa for growth
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| Johannesburg - Shoprite is expanding its African footprint and is to open a new outlet in Tete, Mozambique, with the aim of capitalising on booming investments and economic growth in the country.
Shoprite is strengthening its presence acrossRead More... |
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