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Dubai rough diamond trade reaches US$3.93 billion in 2006

The total trade in rough diamonds in Dubai reached US$3.93 billion in 2006, up from US$3.73 billion in 2005, according to the Dubai Diamond Exchange (DDE). Rough diamond imports to the emirate reached US$1.56 billion in 2006, while exports stood at US$2.37 billion for the same period.

In terms of carat value, a total of 84.6 million carats were traded in 2006, compared to 71.2 million in 2005.

Full news story from here @ Dubai City Guide

Labels: 1-5-billion, 2006-gems-jewelry, diamonds, dubai, gems, gems-jewelry, gems-jewelry-middle-east, middle-east

GCC to invest $100 billion in power sector

Khaleej Times - 10 Mar 2007

Spurred by a buoyant economy and population growth, the GCC countries will invest $100 billion to generate 100,000 MW of additional power over the next 10 years to meet demand.

The UAE will account for a major share of the new investment in power and water desalination projects, with Dubai alone poised to spend Dh50 billion to almost double its power generating capacity to 9,500 MW.

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Labels: 100-200-billion, 50-100-billion, electricity, electricity-middle-east, energy, energy-middle-east, middle-east