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Gulf state
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UAE, China Agree to Set up RMB Clearing Hub
Dec 28, 2015The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
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Chinese Currency The Yuan Is Enjoying Rising Acceptance
Mar 13, 2015With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...
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Oil Markets Are Currently Balanced and Inventories Are at Excellent Levels
Sep 29, 2013Oil Markets are currently balanced and inventories are at excellent levels, but the geopolitical situation is having an impact on prices, Saudi Oil Minister Ali al-Naimi said Tuesday. "The market is in a very good position, supplies are ...
Tags: Oil Markets, Syria crisis
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The Glass Industry in GCC Is Enjoying a Period of Tremendous Growth
Aug 6, 2013A typical apartment building in Dubai. Boosted by heavy public and private spending in various infrastructure projects, the glass industry in GCC is enjoying a period of tremendous growth. Boosted by heavy public and private spending in ...
Tags: GCC Glass Industry
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Shell's Hopes on The US Gulf Coast Would Benefit From Much-improved Process Efficiencies
Jul 3, 2013Shell's hopes for a new gas-to-liquids mega project on the US Gulf Coast would benefit from much-improved process efficiencies, but any resulting cost savings could be limited by the need to build most of the plant outside the US, Shell ...
Tags: gas-to-liquids mega, Chemicals
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Iraq Stock Sale Sign of Investor Confidence
Feb 6, 2013An Iraqi telecom company raised nearly $1.3 billion Sunday on Baghdad’s small stock exchange in one of the region’s biggest share offers in years — a sign of investor confidence in the fledgling private sector despite ...
Tags: Iraq, Stock Sale, Investor, Confidence
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AMEC Has Been Awarded USD 528 Million Project Management Consultancy Contract
Dec 17, 2012Arabian Business reported that AMEC, the UK based engineering and project management company, has been awarded USD 528 million project management consultancy contract by the Kuwait National Petroleum Company for a new oil refinery in the ...
Tags: AMEC, Kuwait National Petroleum Company, Gulf state, Mineral
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Qatar Aims to Raise The Share of Solar Power in Electricity Generation to 16% by 2018
Dec 13, 2012Reuters reported that Qatar aims to raise the share of solar power in electricity generation to 16% by 2018. An official said that Qatar the world's top exporter of liquefied natural gas has the world's highest per capita greenhouse gas ...
Tags: solar power systems, solar energy panels, solar help, sustainable energy
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Golf Clubs in The UAE Hosted 54,365 Games in a Single Month for The First Time This Year
Dec 12, 2012Golf clubs in the UAE hosted 54,365 games in a single month for the first time this year, according to arabianbusiness. The UAE's courses have attracted some of the biggest names in the sport, including Tiger Woods. Around 44 percent of ...
Tags: golf clubs, UAE's courses, golf championship
