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HuaweiDUBAI - SAS, the business intelligence and analytic software and services provider has planned to build a $70 million cloud-computing facility to provide virtualised resources as a service over the Internet.
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DUBAI —The GCC investors poured $45 billion in foreign currency trading in March, according to the Swiss-based Advanced Currency Markets, or ACM.
ABU DHABI — Airline passenger and cargo traffic to and from the nation’s capital increased in March by 7.9 per cent over the same month last year, Abu Dhabi Airports Company said 
on Saturday.
MANAMA — Bahrain will host a seminar on the challenges faced by the regional insurance sector, as result of the recession, next month. ‘Enterprise Risk Management and Corporate Governance: Present Challenges and the Financial Crisis’ is the theme of the seminar that is being organised by the Bahrain Insurance Association or BIA.
DUBAI — Saudi shares rose for a second day, led by banks and insurance companies, following gains in equity markets worldwide on optimism that the worst of credit crisis is over.
DUBAI — The carpets and flooring market gets long-term boost as Egypt eyes to push the construction spending to $7.3 billion by 2015.
DUBAI - A greater focus on corporate governance is crucial if businesses are to regain the confidence of investors, especially during the current financial crisis, a senior economist of the Dubai government said on Thursday.
DUBAI - Bahrain-based First Energy Bank (FEB), the world’s first Islamic investment bank focused exclusively on the energy sector, recently announced the appointment of Vahan Zanoyan as the Chief Executive Officer of the bank during its first year of operation. Prior to joining FEB he was the Chairman and CEO of PFC Energy International for four years, and President and CEO of PFC Energy for the preceding ten years.
DUBAI - Al Futtaim Electronics has announced the launch of Audissey, which it bills as the world’s first exclusive boutique for multiple brands of high-end audio equipment.
DUBAI - iCrete, a clean technology leader and concrete technology company, has announced the deployment of its new iCrete Link System, by Unibeton Ready Mix of Abu Dhabi. The Abu Dhabi installation is the first done outside North America.