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underwater gold field
December 22nd, 2025 - 11:20 GMT
Sally Shakkour

Sally Shakkour

Historic discovery in China: Huge underwater gold field

ALBAWABA - A historic discovery was announced by the Chinese government on Monday as they said they have found the biggest underwater gold mine, a local Chinese newspaper reported. China said that it has discovered the country's first underwater gold field off the coast of Shandong province. Chinese authorities described the discovery as the largest of its kind in Asia, according to the South China Morning Post, though Chinese media ...
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The Sharjah-based energy producer reported net income for the second quarter of Dh100 million, a decline of 44.7 per cent compared with the corresponding period last year.
August 5th, 2013 - 10:31 GMT

Dana Gas net profit plummets to half in the second quarter

The new law will come into force six months from the date of issuance and is part of a number of legislative developments designed to install international best practices and further enhance the economic development of Kuwait, said a press release from DLA Piper.
August 5th, 2013 - 07:47 GMT

New groundbreaking law set to attract Foreign Direct Investments to Kuwait

The suspects had lured 400 individuals into investing in a non-existent project which they alleged will generate ⠀˜high returns’.
August 5th, 2013 - 06:47 GMT

Ponzi scheme pair: Father and son accused of defrauding USD 27 million in the UAE

Dubai will have its own chapter of the World Entrepreneurship Forum with the aim of promoting entrepreneurial idea exchange and networking in the region, the Department of Economic Development in Dubai announced yesterday.
August 5th, 2013 - 06:35 GMT

Dubai: first Middle Eastern city to host the World Entrepreneurship Forum

Year-on-year credit growth was as high as 19.4 per cent in the first half of 2012, which market experts expect to stay in the single digits this year.
August 4th, 2013 - 12:52 GMT

Regulatory restrictions lead to decline in retail loans in Oman

Saudi Arabia's construction sector has been hit the hardest by its ongoing correction to visa statuses affecting the country's expatriate workers.
August 4th, 2013 - 12:25 GMT

The heavy price of reconstructing the demographics of Saudi Arabia's construction sector

Glass demand is an excellent reflection of a country’s per-capita growth
August 4th, 2013 - 11:19 GMT

GCC glass industry set for unprecedented growth

Whilst the growth in number of tourists was impressive, the actual number could be even higher
August 4th, 2013 - 11:06 GMT

Australian travellers to the sultanate rise by 71.2%

Dubai s Tourism Vision 2020 seeks to position the emirate as the foremost destination for leisure and business travellers
August 4th, 2013 - 08:56 GMT

Dubai’s efforts to boost tourism yield results

Iran plans to increase its cement output up to 85 million tons by the end of the next Iranian Calendar year
August 4th, 2013 - 07:20 GMT

Iran produces over 25m tons of cement in 4 months

According to the IFC, the $3 billion committed during the 2013 fiscal year, which ended June 30, includes $914 million mobilised from other investors
August 1st, 2013 - 01:55 GMT

IFC 2013 investments in MENA reach $3b

Total housing stock in the Saudi housing market is expected to expand by 2.2 million units during the next 8 years
August 1st, 2013 - 12:55 GMT

Saudi housing demand to increase to 265,000 units yearly

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