|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 […]
|By TAP Staff| Amanat Holdings announced that its AED 1.375 billion Initial Public Offering (IPO) was nearly 10 times oversubscribed. The integrated healthcare and education company collected more than AED 13.6 billion in total during its 16-day IPO. The company said shares have been allocated proportionately to subscribers and excess funds are due to be returned to investors on November 11, 2014. Amanat is scheduled to list […]
Honda Motor Co.’s Accord, the best-selling car to U.S. individual buyers in the first half of this year, is being investigated by the U.S. after regulators received 24 complaints about power-steering failure in 2013 models. Some 374,000 cars could be affected, according to a statement posted today by the National Highway Traffic Safety Administration’s Office of Defect Investigation. Four complaints allege that failures resulted in crashes, all […]
|By TAP Staff| Dubai International Financial Centre (DIFC) Court of First Instance hast confirmed its jurisdiction over a lawsuit by an expatriate investor, resident in Dubai, against India’s ICICI Bank, registered in the DIFC. In May, Indian citizen Kishanchand Gangaram Bhatia filed suit in the DIFC Court of First Instance alleging that ICICI Bank induced him to invest in an unsuitable fund and had not disclosed material […]
Saudi Arabia’s Etihad Etisalat (Mobily), which has seen its share price fall by the daily limit for three straight days since reporting an accounting error on Monday, said it would not distribute a dividend for the third quarter. The firm, under investigation by the bourse regulator after restating a year and a half of earnings, also said it would evaluate whether to pay shareholders in the coming […]
On display at the EICMA motorcycle show in Milan we found a new variant of Ducati’s flagship Diavel. In a limited-run of just 500 bikes, Ducati will offer a new Titanium edition of the 1100-CC cruiser and it’s absolutely loaded with titanium & carbon fiber and features redesigned air intakes, windscreen and mudguards. This entry passed through the Full-Text RSS service – if this is your content […]
A view of the Dome of the Rock, which along with Al Aqsa Mosque is on the site in Jerusalem known as the Noble Sanctuary to Muslims and Temple Mount to Jews. By JODI RUDOREN November 6, 2014 JERUSALEM — One cartoon circulating on social networks on Thursday depicted a car as the barrel of an automatic weapon, captioned in Arabic, “Revolt and resist, even by your car.” Another […]
• Invalid email address. • You can’t enter more than 20 emails. • Seperate multiple addresses with Commas. • Must enter an email address. • You must enter the verification code below to send. • Invalid entry: Please type the verification code again. 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 […]
KATHMANDU: India and Nepal are holding negotiations to sign a second Project Development Agreement (PDA) to generate hydorelectric power in the Himalayan nation endowed with rich water resources. The negotiations for the 900 MW Arun-III project between Investment Board Nepal (IBN) and Satluj Jal Vidyut Nigam Ltd, India, which began here yesterday, continued today, Indian Embassy sources said, adding, they are set to continue tomorrow as […]
The government of the emirate of Abu Dhabi is looking at ways to reform its system of subsidies for electricity and water, a senior International Monetary Fund official told Reuters on Wednesday, in what would be a landmark move by the emirate. “We discussed it here at the policy level, particularly with the Abu Dhabi government, which indicated they are now looking at ways to streamline their […]
Dubai’s stocks fell the most among global markets as oil extended declines while Saudi shares slumped amid heightened security concerns. The benchmark DFM General Index (DFMGI) dropped 3.3 percent, the most in three weeks, to 4,400.80 at the close. That’s the steepest slide among 93 gauges worldwide tracked by Bloomberg so far today. Saudi Arabia’s Tadawul All Share Index lost 1.6 percent for the third-worst decrease, taking […]
Five years after collapsing, Dubai’s strengthening real-estate industry is getting a vote of confidence from investors in the emirate’s stock market. In September, Dubai’s flagship developer Emaar Properties spun off its malls business in a $1.6 billion initial public offering that enjoyed strong demand from investors. The IPO of Emaar Malls—whose main asset is Dubai Mall, one of the largest shopping centers in the world—marked the biggest […]
Video | Aftermath of Attack in Jerusalem A witness and a spokesman for the Israeli police described the scene after a Palestinian man rammed his car into people near a light-rail station in Jerusalem on Wednesday. By ISABEL KERSHNER November 5, 2014 JERUSALEM — Amid heightened tensions over an important holy site, two drivers, in separate incidents, plowed their cars into Israelis on Wednesday, and Jordan recalled its ambassador […]
Labour MP for Sreatham and Shadow Business Secretary Chuka Umunna Photo: Andrew Crowley By Dan Hodges 11:12AM GMT 05 Nov 2014 Chuka Umunna is starting to break the rules. Up until recently Labour’s shadow business secretary had become a byword for political caution and calculation. “He’s good, but it’s not clear what he stands for”, a shadow cabinet colleague told me a few month’s ago. Well, Umunna is […]
Mumbai: It’s exactly 125 years since the first oil deposits were discovered in India. The big push to India’s oil and gas sector came after the early 1990s, when it was opened up to private players. Yet, the sector is still dominated by public sector undertakings (PSUs) such as Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) in oil and gas exploration and production; […]
Peer-to-peer lending has been around for roughly a decade, sprouting in the U.K. and quickly catching on in the U.S., but it hadn’t existed in the Middle East until the launch this week of Beehive, a new business that aims at securing financing for small businesses in the United Arab Emirates. The peer-to-peer lending concept is simple. It cuts out banks and lets people lend directly to […]
This portable charger/multi-tool offers 300mAh of power from a Li-Ion battery you can charge up with solar or via USB to give you backup, off-the-grid juice for your phone, tablet, POV cameras, and other 1.5A USB devices. It also features an integrated flashlight and a fan attachment. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone […]
Gulf investors from sovereign wealth funds to rich individuals increased spending on U.S. real estate, attracted by the pace of economic growth, a survey by Jones Lang LaSalle Inc. showed. Gulf Cooperation Council countries invested $1 billion in U.S. property this year, a 51 percent gain over the year-earlier period, according to the survey released in Dubai today. “It’s about grabbing a share of the American economy, […]
