The morning after: dejected Yes supporters head home up the Royal Mile in Edinburgh After a lifetime in the business world, Lord Smith of Kelvin is bound to have come across his fair share of chancers. However, I do wonder if he realises what he has taken on in agreeing to hold the coats in the war between Scotland’s political parties over what “extensive” extra powers should […]
[embedded content] The Prizm lens is Oakley’s latest contribution to snow goggle science that offers an enhanced, super-high contrast view in even the flattest light conditions. Available in a variety of colors, this new technology is also offered for nearly every goggle frame in the Oakley snow sports lineup. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it […]
Syrian Kurdish refugees wait behind the border fences to cross into Turkey near the southeastern Turkish town of Suruc on Friday. Reuters SURUC—Some 1,000 people fleeing Islamic State insurgents in Kobani, remain stranded in a no-man’s-land at the Turkish-Syrian border. Some have been sleeping in their vehicles for a month, waiting for the fighting around the city to end, meanwhile risking their lives. Cars, taxi cabs, trucks, […]
New Delhi: Oil companies’ gains on diesel sales jumped 87 per cent within a fortnight on a historic slide in global crude prices. Their profits from diesel, recorded for the first time ever, continue as the government delays a decision on deregulating its price. “The over-recovery on high-speed diesel (HSD), applicable for the second fortnight effective October 16, is now Rs 3.56 per litre. The over-recovery […]
Asian stocks clawed back some of this week’s losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.2 percent, though it is likely to log its sixth straight week of losses with a fall of 0.5 percent so […]
Dubai’s Atlantis, a luxury hotel situated at the top of a palm-shaped manmade island, refinanced an $880 million loan to take advantage of favorable market conditions and secure a better interest rate, the company confirmed to Reuters on Thursday. As well as reducing the borrowing cost, the loan was also increased in size to $1.1 billion, according to banking sources. The facility is the latest example of […]
An advertisement by the highway outside Dubai’s massive Jebel Ali Port tells firms they don’t need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. “Why go through the Strait when you can go straight to the Gulf,” the billboard […]
The Floyd Leg was a great idea that can transform any flat slab into a table. Expanding on that idea, they’ve now released the Floyd Shelf, a tool that allows you create a shelf from any flat surface up to 1 5/8” thick by installing the brackets & clamping to the material. This entry passed through the Full-Text RSS service – if this is your content and […]
Children sit in their classroom in Dubai. IPO candidate Amanat is betting that healthcare spending and student enrolments in the Gulf will continue to grow rapidly. Agence France-Presse/Getty Images As U.A.E.-based greenfield company Amanat prepares to launch its initial public offering in Dubai next week, its target sectors healthcare and education appear increasingly crowded. Amanat is hoping to raise $374 million from investors, funds it will mainly […]
|By TAP Staff| Flydubai, Dubai’s low-cost carrier, is following its big brother Emirates airlines to debut a benchmark-sized sukuk issue for which it has mandated seven banks. “As part of the diversification of our financial strategy, we are in discussion with our advisers to explore the possibility of issuing a bond and we will continue to explore all financing options available to us,” flydubai said in a […]
United Arab Emirates-based Amanat Holdings, a healthcare and education start-up, will launch its 1.375 billion dirham ($374 million) initial public offer next Monday, it said in a statement on Wednesday. The offer period for the flotation, in which 55 percent of the company will be sold to investors at 1 dirham a share, will run until Nov. 4, said the statement issued at a media event. Amanat […]
With a clean, uncluttered design, Pickup Power is a portable powerstrip with 3 AC outlets, Surge protection, and it stores backup power in your choice of a 4000 or 6000mAH battery, more than enough to charge up all your devices. 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 […]
The price of oil suffered its biggest drop in nearly two years earlier this week after the International Energy Agency reduced its forecast for demand for this year and next. Associated Press A slump in oil prices has eroded investor confidence in Persian Gulf stock markets, some of which are among the leading performers globally this year. The major oil-exporting states in the region such as Saudi […]
Dubai’s banks are extending loans to the local diamond industry, boosting the emirate’s ambitions of becoming a top trading hub as funding to rival Antwerp dries up. Emirates NBD PJSC. (EMIRATES), Mashreqbank PSC. (MASQ), and National Bank of Fujairah PJSC., are financing diamond cutters, polishers and traders operating on the Dubai Diamond Exchange for the first time, Peter Meeus, chairman of the exchange, said in an Oct. […]
African markets are gradually opening to Islamic finance, buoyed by governments’ debut sales of sovereign sukuk (Islamic bonds) and legislative efforts to make the sector more attractive for companies across the region. Despite the strong growth of Islamic finance in its core markets, the Middle East and southeast Asia, the industry has lagged in Africa, which is home to one in four of the world’s Muslims. This […]
Phone Works is a new line of smartphone-connected testing and layout tools from Ryobi. The Phone Works modules connect to your iOS or Android phone through the headphone jack and can be controlled through the free app. Modules include a plumbing scope camera, a moisture meter, stud finder, laser level, laser distance measurer, IR thermometer, and a laser pointer. This entry passed through the Full-Text RSS service […]
Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world’s top oil exporter Saudi Arabia is determined not to make the same mistake again. The oil glut of the 1980s, the early days of the modern crude market and a distant memory for most traders, has resurfaced recently in conversations with […]
With just 5 minutes of charge time, the Pronto battery stores enough juice to fully power up your iPhone. Available in 2 sizes, the portable Pronto 5 will recharge your iPhone 3 times while the Pronto 12 will recharge it 9 times. Keep the device plugged in to a wall socket an hour to get the full number of charges. A fully funded Kickstarter project. This entry passed […]
|By TAP Staff| Dubai-headquartered Transworld Group and NAWAH announced entering into a formal agreement to service Iraq’s growing demand for imports, linking their shipping, logistics, marine services and port capabilities. As part of their agreement, Transworld Group and NAWAH Port Management will team up to increase the flow of essential goods coming from the broader Middle East, Indian subcontinent, Far East and Southeast Asia into the historic […]
Stock markets across the Middle East tumbled on Sunday, led by Dubai and Saudi Arabia where the main indexes sank 6.5 percent, as declines on global bourses and falling oil prices sparked a broad sell-off in the region. Global markets took a big hit on Friday as investors fled to the safety of government bonds after a raft of weak indicators from Europe and China collided with […]
By BRIAN KNOWLTON October 12, 2014 WASHINGTON — Fighters for the Islamic State were managing to blend in with disenfranchised Sunni populations in some Iraqi towns and villages near the capital, raising the chances of militant attacks against targets in Baghdad, President Obama’s top military adviser said on Sunday. “I have no doubt there will be days when they use indirect fire into Baghdad,” the adviser, Gen. Martin E. […]
|By TAP Staff| The Board of Directors of Emaar Properties has approved a Special Cash Dividend of AED 9 billion (US$ 2.45 billion) to be distributed to the company’s shareholders taking the total value of dividends distributed this year to over AED 17.12 billion (US$ 4.66 billion) – one of the largest announced by any listed company in the UAE. The total value of the dividends is […]
Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia as global crude benchmarks slide deeper into a bear market. State-run National Iranian Oil Co. cut official selling prices of its crude to buyers in Asia for November, two people with knowledge of the pricing decision said yesterday. The decrease came a week after Saudi […]
Investcorp chairman, CEO to retire next June DUBAI, 2 days ago Investcorp, a leader in alternative investment, said on Thursday that its executive chairman and chief executive Nemir Kirdar would retire on June 30, 2015 after more than 30 years leading the alternative investment firm. Mohammed al-Shroogi, currently president of Gulf business at the Bahrain-based company, and Rishi Kapoor, chief financial officer, will be appointed co-CEOs from […]
