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Mayor of Houston comes to the UAE to promote trade

Abu Dhabi; Houston and the Abu Dhabi will be launching joint ventures in oil and gas, renewable energy, medical and nanotechnologies aviation and aerospace industries, Houston Mayor Annise Parker told Gulf News on Sunday. “I am on an eight-day visit to the Kingdom of Saudi Arabia, UAE and Qatar. I am on a three-day official visit to the UAE where I


Steel sanctions cut deep into Iran’s economy

London: Iranian manufacturers and builders face serious shortages of steel and other metals as a new European Union export ban adds to troubles for an economy already reeling from sanctions on its finances and oil exports.

Reliant on imports to make up a shortfall in its own steel production, data shows Iran’s purchases of foreign steel already f


Egypt inflation up indicating rise in domestic demand

Cairo: Egypt’s urban consumer inflation rose to 6.7 per cent in the 12 months to October 2012, Egypt’s state statistics agency reported on Sunday, reflecting a modest uptick in domestic demand.

Urban inflation, the most closely watched measure of prices, was 6.2 per cent in the year to September.

The rise in prices of non-food items accelerated in


Abu Dhabi achieves record-breaking World Travel Market

Abu Dhabi: Abu Dhabi’s participation in last week’s World Travel Market (WTM) in London produced outstanding results for stakeholders in the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) pavilion, securing a record 550 plus meetings with key business partners.

Additionally, TCA Abu Dhabi representatives held meetings with a record 101


Saudi Arabia happy with current oil price

Dubai,: The global oil market is in a good shape and Saudi Arabia is happy with the current oil price, Saudi Oil Minister Ali Al Naimi said on Sunday, expressing satisfaction over a Gulf Arab effort which kept prices in check.

Sanctions imposed by the United States and Europe against Iran over its disputed nuclear programme had threatened to


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