Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Folder An icon of a paper folder. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. Linked In An icon of the Linked In logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. WhatsApp An icon of the WhatsApp logo.

Dubai

Opinion

Opinion: Innovation in Dubai − How solar became the city’s next record-breaker

Dubai is a city with ambition and a reputation for breaking records. While the United Arab Emirates (UAE) has become synonymous with oil, much of Dubai’s growth has, in fact, been driven by large investments in construction and real estate. The city built the world's largest artificial islands, the world’s tallest hotel and recently announced plans to build a new tower in Dubai to surpass the world's current tallest building. It has even announced plans to construct the world’s first 3-D printed building. With this in mind, it’s perhaps no surprise that when Dubai turned its attention to the renewables sector, its ambitions were never going to be modest.

Markets

Dubai stocks drop to lowest in two months as oil rout deepens

Dubai stocks declined to the weakest level since January as Brent crude extended its slide on speculation that record U.S. supply may start to strain the country’s storage capacity. The DFM General Index retreated 1.4% to 3,563.95 at 12: 22 p.m. local time, the lowest since January 7. The index has decreased 3.9% in two days, dragging its 14-day relative strength index to 27, the weakest in three months, from 38 on Thursday. A Level below 30 indicates to some analyst the equities have fallen too far.

Oil & Gas

Dubai stocks rise most in six weeks on oil; Saudi jumps on payout

Dubai stocks advanced the most in six weeks after oil rallied on signs a price slump will curb output. Saudi Arabia’s benchmark index rose after King Salman ordered bonuses of two months’ salary to be paid to government workers. The DFM General Index added 4.5%, the most since December 21, to close at 3,840.22. Abu Dhabi’s ADX General Index climbed 2.2%, its first increase in five days, and Qatar’s QE Index gained 1.4%, the strongest close since January 8.