The emirate of Dubai has discovered an offshore oilfield, the office of Dubai's ruler said in a statement on Thursday.Small oil producer Dubai was evaluating the size of the field and potential production, the statement said. The ruler's office was unable to provide further information.The discovery is timely for the cash-strapped emirate, which is restructuring $22 billion of debt of state-owned conglomerate Dubai World. '(It would) give a strong impetus to all sectors of the local economy and... [Read Post]
04 Feb 2010, 17:50 |
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Camel sales have reached more than Dh60 million in the first two days of the ongoing Al Dhafrah Festival in Zayed City, Al Gharbia (Western Region), an official said on Monday.The 10-day festival organised by the Abu Dhabi Authority for Culture and Heritage (ADACH) includes multiple activities refle...
02 Feb 2010 18:32
Abu Dhabi Ship Building (ADSB), a specialist in the construction, repair and refit of naval, military and commercial vessels, said it is looking at various opportunities within the Maldives’ rapidly growing marine industries sector.In line with this, ADSB chairman Homaid Al Shemmari recently met M...
02 Feb 2010 18:29
Dubai Islamic Bank, a leading Islamic bank in the region, said its Jordanian subsidiary Jordan Dubai Islamic Bank (JDIB) has officially launched its operations through its first and main branch in Amman. More...
02 Feb 2010 18:25
Iranian doctors and aid workers are treating some three hundred injured Haitians in field hospitals as survivors wander past dead bodies in rubble-strewn streets as the death toll from Haiti's devastating earthquake reaches into the tens of thousands.“Some 300 injured people are receiving medical...
30 Jan 2010 19:33
