Iran may propose that OPEC cut its output target by as much as 1 million barrels a day to halt the slide in crude prices when the country’s oil minister consults with his Saudi counterpart before the group gathers this week. Bijan Namdar Zanganeh and Saudi Arabia’s Oil Minister Ali Al-Naimi will talk on the sidelines of the meeting in Vienna of the Organization of Petroleum Exporting […]
Saudi Arabia’s Etihad Etisalat (Mobily) has suspended its chief executive Khalid al-Kaf, the kingdom’s No.2 telecom operator by subscribers said on Sunday. The company’s decision, effective from Nov. 21, follows errors in Mobily’s accounting that led the company to restate 18 months of previously-announced earnings, wiping out $381 million of prior profits. Kaf will be suspended until Mobily’s audit committee finishes a probe into these accounting errors, […]
Jersey Finance, the island’s financial centre which acts as custodian of 1.2 trillion pounds ($1.88 trillion), is in talks with a dozen banks from China, India and the Gulf about obtaining a licence in Jersey, its deputy chief executive said. Situated between France and Britain in the Channel, Jersey is a British Crown dependency outside of the United Kingdom and the European Union. It is jostling with […]
As so often in Britain, the Dutch case involves the system colluding with a dysfunctional and absent father Photo: ALAMY Anyone wishing to see just how shocking the behaviour of our “child protection” system can be should watch an utterly chilling video on YouTube (see below: “Kidnap of children from their mother by Dutch social services…”). It shows 11-year-old twins screaming in protest as they are seized by […]
A panel of national representatives reviewed OPEC’s oil market outlook for 2015 this week, OPEC sources said, preparing the ground for a policy-setting meeting next week that will decide how to address a looming oversupply of crude. The Economic Commission Board concluded a two-day meeting in Vienna on Friday ahead of the gathering of the group’s oil ministers on Nov. 27. It does not recommend policy to […]
Airport Co-ordination Ltd (ACL), the slot co-ordinator of Dubai International Airport, has asked Pakistan International Airline (PIA) to explain issues with flights that operated at a significantly different time from the allocated slot time which hampered the smooth operation of the airport. Dubai airport ranked among world”s busiest airports recently underwent runway repairs to facilitate around 30-40 aircraft operating in and out of Dubai and serves 180,000 […]
Dubai Festival City, which owns the district that’s home to Ikea and Hard Rock Cafe in the emirate, is seeking a $1.1bn loan to repay debt and help fund expansion, two people with knowledge of the deal said. The company owned by Dubai’s Al-Futtaim Group plans to raise a 10-year, amortising facility from about eight to 10 banks, said the people, asking not to be identified because […]
The Telangana government Saturday decided to build the world`s tallest tower and skyscrapers at 40 places around Hussain Sagar lake in the heart of Hyderabad. A meeting presided over by Chief Minister K. Chandrasekhar Rao decided to build the world`s tallest tower in Sanjeevaiah Park abutting the picturesque lake. At the five-hour long review meeting, the chief minister decided to construct skyscrapers in the first phase on […]
Five weeks after launching its OS X Yosemite operating system, Apple has released an updated version: OS X Yosemite 10.10.2 (14C68k). This second beta version comes swiftly on the heels of the first, which was made available Monday but didn’t seem to address some of the issues with Wi-Fi that were plaguing users and developers. Since OS X Yosemite made its debut on Oct. 16, community members […]
Made of tough, #10 waxed canvas, this rolltop duffel from San Francisco-based Modern Industry features waterproof zippers, Horween leather handles, and a compression strap with a Raptor buckle. 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 at fivefilters.org/content-only/faq.php#publishers. -Werd
Bad debts in China are well underestimated because authorities persist in propping up weak companies and bailing out local investors, according to DAC Management LLC. The Chicago-based asset management and advisory firm, which focuses on distressed credit and special situations in China, says the worst is yet to come, and that means lots of opportunities for the world’s biggest distressed debt traders. Nonperforming loans at Chinese banks […]
New aircraft and fresh routes will help Dubai’s flagship carrier Emirates grow profit by no less than eight to ten percent in coming months, its president said on Wednesday. “We will continue to grow at a percentage which is never going to be less than about 8-10 percent, and that’s a conservative figure,” Tim Clark said on the sidelines of an aviation conference in Dubai. Clark warned […]
Egypt authorities said on Wednesday they have resolved a long-standing dispute over a land sale with Dubai-based conglomerate Al Futtaim Group, as the government seeks to clear a backlog of such disputes in order to win back badly-needed foreign investors. A cabinet statement said the company would pay a fee to cover a renegotiated land price at the Cairo Festival City development, but it did not give […]
NEW DELHI: After cementing trade ties with China, energy-rich Russia is now looking to strengthen its relationship with India by reviving discussions on a hydrocarbon pipeline, in addition to inviting ONGC Videsh (OVL) to invest in oil and gas projects in the Russian Federation. India and Russia have decided to form a joint working group to study laying a ‘hydrocarbon’ pipeline connecting the nations. Preliminary discussions […]
Hussein Kocher, the 40-year-old local commander of the People’s Protection Units, or YPG, in his makeshift command center in Ras al-Ain, Syria. His group wants to assist the U.S. in battling Islamic State in exchange for recognition of their control of towns and village in largely Kurdish areas of northern Syria. Sam Dagher The Wall Street Journal’s Sam Dagher has been reporting inside Syria, speaking with Kurdish fighters […]
Dubai’s inflation rate advanced to the highest level in more than five years, after prices in the housing index rose the most since at least January 2009. Consumer prices accelerated to 4.38 percent in October compared with the same period last year, the Dubai Statistics Center said in an e-mail today, the highest since May 2009. Housing, the biggest component in the consumer price index, added 6.67 […]
India on Thursday achieved a major victory with the US agreeing to its proposal on food security issues at WTO, a development that will pave the way for a breakthrough to end the three-month long stalemate. The agreement comes two days ahead of the G-20 Summit in Australia, which will be attended by Prime Minister Narendra Modi and other world leaders including the US President Barack Obama. […]
|By TAP Staff| JAFZ, EZW’s primary business unit representing 97 per cent of revenue and operating profit for the year ended 31 December 2013, is a 57 square kilometre modern commercial and industrial logistics park adjacent to DP World’s flagship Jebel Ali port in Dubai. The free zone is an integral component of the supply chain for DP World’s customers at the Jebel Ali port. DP World […]
SteakChamp stainless steel thermometers take the guesswork out of cooking your steaks perfectly. With different thermometers available for Rare, Medium Rare, Medium, & Medium Well cooking, they feature lights that flash when finished. 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 at fivefilters.org/content-only/faq.php#publishers. -Werd
Your EDC kit is about to get a serious upgrade. This Sriracha travel bottle holds 1.25 oz. of the world’s awesomest condiment and features a convenient clip-on carabiner so your sauce is always within reach. TSA-approved travel size. 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 at fivefilters.org/content-only/faq.php#publishers. -Werd
By SOMINI SENGUPTA November 10, 2014 UNITED NATIONS — The United Nations secretary general announced on Monday that a five-member panel would investigate the attacks on more than 100 United Nations facilities and the death of 11 of its staff members during the Gaza conflict during the summer, defying Israeli demands to wait until the conclusion of its own government inquiry. The United Nations usually conducts such in-house inquiries […]
Mobily shares hit 32-month low RIYADH, 21 hours, 35 minutes ago Shares in Saudi Arabia’s Mobily tumbled for a fourth trading day on Sunday after the company scrapped its third-quarter dividend following its shock restatement of 18 months of earnings last week. Mobily’s shares were down 4.3 per cent at SR56.00 as of 0803 GMT, slumping to a 32-month low and taking its losses to 30 per […]
Dubai’s Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2 billion Islamic loan which banking sources said should be completed ahead of a December deadline. The state-owned property firm is on track to restructure the debt by the end of the year, when a payment worth a third of the total comes due, two sources familiar with […]
OCI NV hired Barclays Plc and Bank of America Corp. to advise on the listing of its construction business in the United Arab Emirates and Egypt, according to two people with knowledge of the matter. The company, controlled by billionaire Nassef Sawiris, is also working with Egyptian investment bank EFG-Hermes Holding SAE, the people said, asking not to be identified as the information is private. The company […]
