NEW DELHI: Government has started the process for setting up four new ultra mega power projects in Bihar, Jharkhand and Odisha, which will together add 16,000 MW capacity to the country’s power generation. UMPP is a thermal power project of at least 4,000 MW capacity, with an approximate investment of Rs 25,000 crore. Power Finance Corporation, the nodal agency for ultra mega power projects (UMPPs), […]
A man walks on Jumeirah beach as the Burj Al Arab hotel is seen during sunset in Dubai. Reuters Dubai’s hotels experienced a bumper first half even as refurbishment at the emirate’s main airport grounded Emirates Airline jets and limited the number of passengers flying. Hotels in the desert-city, which has become known for its extravagant infrastructure, architecture and opulent places to stay, catered to 5.8 million […]
A broker monitors stock prices on a screen at the Saudi Investment Bank in Riyadh. Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year. Reuters The Wall Street Journal lists the top 10 companies by market value that might interest foreign investors once the market is opened up for direct […]
By Chris Katje: Under Armour (NYSE:UA) has been in the news a lot during the month of August. The sports apparel retailer launched a large global campaign aimed at women and also has its eyes set on its largest marketing deal ever. A targeted approach at women and the possible signing of NBA superstar Kevin Durant will have a huge impact on short and long term growth […]
The execution of U.S. journalist James Foley by someone with a British accent has sparked soul-searching in the U.K. as to how and why the country has become an exporter of extremists to the Middle East. Prime Minister David Cameron vowed to redouble efforts to stop radicalized Britons traveling to Iraq and Syria to “take part in extremism and violence.” “The fundamental problem is as long as […]
|By TAP Staff| Abu Dhabi, along with London, Shanghai, San Fransisco, Mumbai and other global cities, will be the venue for the meeting of Global Opportunity Network panels to discuss how the pressure for change can be used to create more resilient and sustainable societies. Global Opportunity Network has presented five risks that will inspire this year’s opportunity panels. The Abu Dhabi meeting will take place on […]
Tim Vine: king of the one-liners Photo: Geoof Pugh/The Telegraph ‘What makes a one-liner work?” Tim Vine was asked on BBC News last week. “Er . . .” blinked the 47-year-old comedian. “It can only be one line and it has to be funny.” Thus are trade secrets preserved, and we are left to figure out for ourselves why Mr Vine’s latest effort won the prize for the funniest joke […]
|By TAP Staff| Emirates is likely to launch a flight service to Dubai from Indore by the end of this year, Indian television channel NDTV reported, quoting a Madhya Pradesh minister. “We want Emirates to launch a flight from Indore and are giving full support to the airline, which is also keen to connect the city to Dubai by air,” Madhya Pradesh Urban Administration and Development Minister, […]
If you wanted to make a quick buck in property, Dubai would have been the place to do it in the last couple of years. And the desert of superlatives is still going strong despite a partial slowdown. According to CBRE Group , apartment prices increased by a more modest 3.2 percent in the second quarter of 2014, bringing gains over the last year to 21 percent. […]
By Surojit Mahalanobis India’s search for quality power seems destined to be stunted. The power ministry and public sector units are all gaga about thermal power capacity addition year-on-year to the current figure of 53,000 MW. Of this, NTPC’s contribution to capacity is 44,128 MW including the latest dedication of Mouda Super Thermal power project Stage I for 1,000 MW capacity. With Lanco Infratech’s plant […]
KOLKATA: Scanty rainfall over the past three days has led to a burgeoning power deficit and a sharp rise in spot prices of electricity in the country. The shortfall of power widened to 11,000 Mw from between 4,000 Mw and 6,000 Mw earlier, while prices at the spot market surged to as much as Rs 7.80 per unit during the peak evening period from Rs 3-4 […]
People watched as rescue workers searched for victims under the rubble of a house in Rafah that witnesses said was destroyed on Thursday in an Israeli airstrike that killed three senior Hamas military commanders. By JODI RUDOREN and FARES AKRAM August 21, 2014 JERUSALEM — Israeli airstrikes killed three senior commanders of the armed wing of Hamas early Thursday in the southern Gaza Strip city of Rafah, Israeli and Palestinian officials […]
NEW DELHI: With short-term or day-ahead buying catching on in power trading, entities dealing in these have asked the government to unclog the transmission constraints and look at reforming the process, in accordance with the Electricity Act. In the past five years, there has been a 26 per cent fall in power rates in the day-ahead market and sales volume has grown 90 per cent. […]
NEW DELHI: State-owned refiner BPCL has sought a Rs 8,800-crore capital subsidy grant from the central government to expand its Numaligarh refinery in Assam, from the current capacity of 3 million tonne per annum (mtpa) to 9 mtpa. This is in the wake of Modi presenting a comprehensive vision for the overall development of the Northeast. The expansion of the refinery, owned 61.65% by BPCL, would […]
James Foley described himself as ‘a war protester’ who retrained as a journalist (EPA) • Latest developments following beheading of James Foley ‘I had made the gruelling journey by car, but Jim Foley, ever resourceful, arrived by Chinook helicopter. The destination was Sirte, the Libyan city where, in October 2011, Colonel Muammar Gaddafi and his troops were making a last stand. Foley had caught a lift with […]
By Pratik Deb In the wake of the infamous Mumbai (then Bombay) blasts in 1993, then Chief Minister of Maharashtra Sharad Pawar issued a statement which was deliberately false. In his press release, what Mr. Pawar did was to falsely include a ‘Muslim-dense’ area of Bombay as victim of the atrocity in order to… This content is for Monthly, Annual, Free Trial and Basic members only. […]
Militant Group Says It Killed American Journalist in Syria James Foley, in a photo from the website FreeJamesFoley.org, in Aleppo, Syria, in November 2012, the month he disappeared. By RUKMINI CALLIMACHI August 19, 2014 The Islamic State in Iraq and Syria posted a video on Tuesday that it said showed the beheading of James Foley, an American journalist who was kidnapped in Syria nearly two years ago, according to […]
Islamic State insurgents released a video on Tuesday purportedly showing the beheading of U.S. journalist James Foley, who had gone missing in Syria nearly two years ago, and images of another U.S. journalist whose life they said depended on U.S. action in Iraq. The video, titled “A Message To America,” was posted on social media sites. It was not immediately possible to verify its authenticity. Foley, who […]
|By TAP Staff| Oil prices have never been so stable as they are now since the breakup of Bretton Woods system in 1971. Despite major geopolitical tensions in Libya, Syria, Iraq, or the Ukraine, global crude oil prices have been remarkably steady in the past three and a half years. Global oil prices have not been this stable since the break-up of the Bretton Woods system in […]
|By TAP Staff| Indians were the biggest foreign investors in Dubai property in the first half of this year, while Saudis dominated the GCC investors. According to statistics published by the Dubai Land Department, more than Dh10.5 billion was invested into the emirate’s property market by Indians out of a total of Dh37.5 billion spent by foreigners in the first six months of the year. During the […]
LONDON, August 15 (Fitch) Fitch Ratings has affirmed Abu Dhabi’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘AA’. The Outlooks are Stable. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds have also been affirmed at ‘AA’. The Short-term foreign currency IDR has been affirmed at ‘F1+’. The UAE Country Ceiling has been affirmed at ‘AA+’; this Ceiling also applies […]
A computer generated image shows the stadium to be built in Al-Khor for Qatar’s 2022 World Cup. Agence France-Presse/Getty Images It hasn’t exactly been smooth sailing for Qatar since it started preparations to host the World Cup football in 2022. Ever since the wealthy Gulf state won the rights to host the tournament in 2010, it has been the subject of bribery allegations while at the same […]
An oil tanker carrying 670,000 barrels of crude has left Libya’s port of Ras Lanuf, the first shipment since it was closed by rebels a year ago, despite warnings this week from the International Energy Agency that the North African country is struggling to find buyers for its oil. The Gemini Sun Aframax tanker, owned by Zodiac Maritime and charted by Austria’s OMV, left Ras Lanuf, Libya’s […]
Two weeks, three continents, and 100 meetings. That — and founder Jack Ma celebrating his 50th birthday on the road — is what it will take for Alibaba Group Holding Ltd. to pull off the largest initial public offering in U.S. history. The Chinese e-commerce company is weighing a plan to start marketing the share sale to investors on Sept. 3, with management traveling across Asia, Europe […]
