BUSINESS

GE Aviation and Emirates Airline Work Together to Optimize Traffic Flows, Reduce Flight Costs

May 22, 2012
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DUBAI–(BUSINESS WIRE)–GE Aviation and Emirates airline work together to optimize traffic flows, reduce flight costs. (read the story…) – BUSINESS

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Dubai prisoners on hunger strike over debt sentences

May 22, 2012
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DUBAI (Reuters) – Five expatriates jailed in Dubai said they were among a group of prisoners who have gone on hunger strike to protest against lengthy prison sentences handed down to most of them for financial crimes. The men, most of them real estate developers and businessmen working in Dubai during its economic boom...

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Bear Lake Announces That Gold Fields has Completed its Due Diligence

May 22, 2012
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LONGUEUIL, QUEBEC– – Bear Lake Gold Ltd. is pleased to announce that Gold Fields has completed its due diligence on the Larder Lake Project and will be proceeding with the Option and Joint Venture Agreement. … (read the story…) – BUSINESS

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UAE's Fujairah port boosting oil storage capacity

May 22, 2012
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DUBAI, May 22 (Reuters) – Oil storage capacity in the UAE'sport of Fujairah is expected to rise to around 7.8 million cubicmeters by 2014 from its current capacity of 5.8 million cubicmeters, the harbour … (read the story…)

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Iranians reflect on sanctions as nuclear talks loom

May 22, 2012
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DUBAI (Reuters) – An Iranian crewman climbed down from the cabin of the ship and shuffled over to the fence that separated the public road from the quayside. "Sanctions?" he said, surprised by the question. "No. They aren't a problem for us." Flicking the ash from his cigarette, he pointed to the souk clinging...

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Movie visual effects company Digital Domain to set up studio and media school in UAE capital

May 22, 2012
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DUBAI, United Arab Emirates – The American special effects company that brought the "Transformers" movies to life and recently wowed concertgoers with a performing hologram of late rapper Tupac Shakur is setting up a studio in oil-rich Abu Dhabi. (read the story…)

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U.N. nuclear chief holds talks in Tehran, hopes for deal

May 22, 2012
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VIENNA/DUBAI (Reuters) – The U.N. nuclear watchdog chief held rare talks in Tehran on Monday after voicing hope for a deal to investigate suspected atomic bomb research – a gesture Iran might make to try to get international sanctions relaxed and deflect threats of war. International Atomic Energy Agency Director-General Yukiya Amano began discussions...

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Film effects company DDMG plans Abu Dhabi studio

May 21, 2012
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The American special effects company that brought the "Transformers" movies to life and recently wowed concertgoers with a performing hologram of late rapper Tupac Shakur is setting up a studio in oil-rich Abu Dhabi. (read the story…)

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Iteris Awarded $2.45 Million by Abu Dhabi DoT for Region’s First Integrated Travel Information & Navigation Services …

May 21, 2012
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Iteris, Inc. , the leader in intelligent traffic management information solutions, has been awarded the prime contract by the Abu Dhabi Department of Transport for the design, implementation, operation and maintenance of the first integrated travel information and navigation services system in the Middle East. (read the story…)

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Dubai investor readies new oil refinery

May 21, 2012
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AFTER EARLIER hinting that foreign oil firms were keen to set up refineries in the country, the Energy department confirmed that an agreement has been signed for a regional refinery hub. (read the story…)

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