Dubai / EMIRATES BUSINESS Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that the total expenditure budget approved for RTA in 2016 amounted to AED7.609 billion comprising an Operational Budget in the order of AED3.913 billion, and an Infrastructure Projects Budget estimated at AED3.696 billion.

Abu Dhabi / EMIRATES BUSINESS The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, has announced the successful initiation of its Concentrated Solar Power on Demand Demonstration pilot at the Masdar Institute Solar Platform. The demonstration is intended to show that the novel single-tank thermal energy storage system may prove ...

Singapore / AFP Oil prices turned lower again on Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts had soared more than 10 percent Friday on a report that the OPEC producers’ club was open to output cuts that could drag prices up ...