Finance minister tells parliament sufficient time is needed to prepare for planned Gulf single currency.

First delivery of five EMBRAER 175 aircraft is scheduled for the first quarter of 2011.

IDB announces extra one billion dollars for farmers in project with United Nations food agency.

Agency says OPEC worldwide demand for oil will come to 105.2 million bpd between now and 2030.

Sheikh Mohammed says Dubai will pay debts, go ahead with development projects.

13-member cartel seeks to ensure that its interests properly represented in post-Kyoto agreement.

Revenues drop by $1 billion in ten months to October due to fall in number of ships sailing through canal.

Better-than-expected oil price raises Kuwait’s first half-year income by 12% above projected income for 2009/10.

Banks that comply with Islamic Sharia law thriving due to 'conservative approach to risk'.

US major wins contract to boost West Qurna 1 field's production to 2.1 million barrels per day.

Credit ratings agency says ratings outlook for government-linked DP World, DEWA, DIFCI, JAFZ is negative.

Multi-billion-dollar venture is set to boost output at Rumaila field by up to 1.8 million bpd over its 20-year duration.

NOC’s website reveals Ghanem has returned to work one month after being replaced following his resignation.

Economic observers agree that Gulf states less impacted by global crisis than other countries.

European firms in unofficial talks for Iran to join EU's flagship Nabucco gas pipeline project.

Arab, British senior executives, decision makers discuss new opportunities for business partnership.

Consortium will sign preliminary deal with Iraqi oil ministry to exploit Zubair oilfield in southern Iraq.

Algeria calls for offers to build Grand Mosque of Algiers, which could cost several billion dollars.

Strategic partnership between Abu Dhabi Systems and Information Centre, Microsoft Gulf aims to foster innovation advance e-inclusion in Abu Dhabi.

Asia's biggest refiner, Kuwait Petroleum International sign MoU to build oil refinery in southern China.