The Ultimate Chicken Roaster elevates the bird off the cooking surface making for more even cooking and a juicier, more flavorful end result. Made of durable stainless steel, it is designed to work both in the oven and on the grill. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ […]
Gulf stock markets rose on Sunday despite oil’s weakness as Saudi Arabia’s plan to maintain government spending at a high level boosted investor confidence. The Saudi government released a 2015 state budget last Thursday that provides for a 0.6 percent increase in spending from this year’s plan. That cheered the retail investors who dominate Gulf stock markets; they had feared falling oil revenues would trigger spending cuts […]
Marka, a retailing and restaurants start-up, has agreed to buy a sporting goods retail firm from state-owned conglomerate Dubai World for 220 million dirhams ($60 million), in a move that will make Marka operationally profitable in 2015, it said on Sunday. The acquisition of Retailcorp, a subsidiary of Dubai World’s investment unit Istithmar World, will be funded by the Marka’s own funds and bank facilities, said the […]
Iran is to expand what it calls “smart filtering” of the Internet, a policy of censoring undesirable content on websites without banning them completely, as it used to, the government said on Friday. The Islamic Republic has some of the strictest controls on Internet access in the world, but its blocks on U.S.-based social media such as Facebook, Twitter and YouTube are routinely bypassed by tech-savvy Iranians […]
India’s long-held position as the world’s top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in trading hubs of Antwerp, Tel Aviv and Dubai for its supply of rough diamonds, which mainly come from Russia or Africa. […]
Gulf stock markets rose on Thursday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring the region that economic growth is unlikely to be hurt much by the plunge of oil prices. The Saudi budget envisions state spending at a record 860 billion riyals ($230 billion) next year, up 0.6 percent from the 2014 budget plan. That would be the smallest rise […]
Saudi authorities pledged to curb wages and push ahead with investments next year as the world’s largest oil exporter seeks to counter the effect of tumbling crude prices on the economy. The government said it expects the budget deficit in 2015 to widen to 145 billion riyals ($39 billion), from 54 billion riyals this year, the Finance Ministry said today. That amounts to about 5 percent of […]
Deutsche Bank is open to offers for its London-based gold vault following the closure of its physical precious metals business, three sources familiar with the matter said on Wednesday. “If the right offer came along, then the bank would sell the London vault,” one source close to the situation said. The German bank shut its physical precious metals trading arm last month as it further reduced its […]
The United Arab Emirates central bank discussed margin lending at a board meeting this week and ordered that all aspects of the issue be studied, the central bank said on Wednesday. In a brief statement describing discussions at the board meeting, the central bank did not elaborate on how the study would be conducted or what action might be taken in response. The Dubai stock index has […]
In Saudi Arabia, where the currency has been fixed at about the same rate for 28 years, even the tiniest swings in the futures market reflect concern the peg will be broken. So the 0.2 percent drop that traders see by next year shows this is the most worried they’ve been about it since 2009. For Standard Chartered Plc and Abu Dhabi Commercial Bank PJSC, that speculation […]
Bisco Misr… bidding battle Kellogg outbids Abraaj third time for Bisco CAIRO, 2 days ago Breakfast cereal maker Kellogg Co has again raised its bid for Egyptian snack maker Bisco Misr, outbidding private equity group Abraaj for the third time and snatching the lead in a $140 million takeover battle. Kellogg said on Thursday it would improve its offer to EGP86.36 ($12.04) per share, hoping to secure […]
DUBAI, 2 days ago Developing countries in Asia—particularly China and India—are rapidly becoming the biggest trading partners with Gulf Co-operation Council (GCC) countries ahead of other regions, according to a new report released by the Economist Intelligence Unit (EIU) in conjunction with Falcon and Associates. The study, entitled ‘GCC Trade and Investment Flows,’ explored the GCC’s economic ties with each world region and identifies major growth drivers. […]
Watan inks strategic tie-up with Natixis RIYADH, 2 days ago Natixis, the corporate arm of France’s banking group Groupe BPCE, and Saudi Arabia’s Watan Investment & Securities Company have signed a strategic cooperation agreement. The signing, which took place at the Council of Saudi Chambers in Riyadh, Saudi Arabia, marks the start of expectantly a long-term cooperation between the two institutions on a wide range of Natixis […]
Women in the Mena region mostly seek employmentin order to be more financially independent. Majority of Mena women see gender equality in jobs DUBAI, 2 days ago While 51 per cent of women in the Mena region consider recruitment and selection opportunities are regardless of gender, 31 per cent believe that women are treated less favourably in terms of salary, a report said. Women in the Mena […]
Gulf governments seek to improve the livesof citizens and create jobs. Oil slump won’t derail $500bn Gulf infrastructure plan DUBAI, 2 days ago Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant funding markets. However, states are being urged to consider the most effective funding […]
Cancer and heart disease death rates have fallen. Global population living 6 years longer than in 1990 LONDON, 2 days ago Global life expectancy has risen by more than six years since 1990 thanks to falling death rates from cancer and heart disease in rich countries and better survival in poor countries from diarrhoea, tuberculosis and malaria. In an analysis from the 2013 Global Burden of Disease […]
Mandy Rice Davies photographed in the 1960’s Photo: Rex Features I was 13 when it all happened. Parents in those days wished their children wouldn’t read scandals, with the predictable result that, for the first time in our lives, we read the papers avidly. Christine Keeler and Mandy Rice-Davies, the girls involved in the Profumo scandal of 1963, were of elder-sister age: the beehive hair, short shift-dresses and […]
Globally, banks will continue to make progressin restoring their financial fundamentals. Financial profiles of banks to strengthen in 2015 NEW YORK, 1 days ago The standalone creditworthiness of banks across the globe will continue to stabilise in 2015, a report said. At the same time, the number of negative banking system outlooks has risen, primarily reflecting the potential for a decline in systemic support, particularly in Europe, […]
Cyber threat… rise in malicious attacks on computers and mobiles Cyber threats increase by one billion in 2014 JEDDAH, 1 days ago A total of 6.2 billon malicious attacks on user computers and mobile devices were blocked by Kaspersky Lab antivirus products in 2014, one billion more than in 2013, the vendor of endpoint protection solutions reported. In 2014 Kaspersky Lab experts saw considerable growth in the […]
Family firms… ouperforming non-family companies Family firms ‘key driver of GCC growth’ DUBAI, 1 days ago Family firms, which represent around 75 per cent of the private sector economy in GCC, outperform non-family firms by 15 per cent, and their continued success is a vital contributor to overall GCC growth, a report said. Family firms, which represent around 75 per cent of the private sector economy in […]
Labour leader Ed Miliband with MP for Manchester Central Lucy Powell Photo: Steve Back / Barcroft Media It was only a matter of time before Lucy Powell got it in the neck for being successful, young – and above all female. Just days after Ed Miliband promoted her vice-chair of Labour’s election campaign, the briefings against her began. Yesterday they reached a new frenzy, after she was blamed […]
Measure-It is adhesive-backed measuring tape; actual tape, which is helpful when you don’t have a third hand. Stick it to the wall and technically you’re 100% less likely to screw up the measurement. It features ruler marks including 16”-on-center marks for locating studs. When you’re finished it peels off leaving no marks or residue behind. This entry passed through the Full-Text RSS service – if this is […]
OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates’ energy minister said. OPEC won’t immediately change its Nov. 27 decision to keep the group’s collective output target unchanged at 30 million barrels a day, Suhail Al-Mazrouei said. Venezuela […]
Aramex has bought the master franchise for South African retailer PostNet for $16.5 million from OneLogix Group, the Dubai-based courier firm said on Sunday as it expanded its presence in Africa. PostNet provides courier, printing and copying services, plus stationery and mailboxes, to individuals and businesses and has 287 stores in South Africa, according to an Aramex statement to Dubai’s bourse. Each store will still be owned […]
