At the start of March we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing US shale production costs has been: in just the past 3 years, the wellhead breakeven price for key shale plays has collapsed from an average of $80 to the mid-$30s… … resulting in drastically lower all-in breakevens for most US shale regions. Today, in […]
Fashion Forward kicks off at Dubai’s Design District on Thursday with a packed three days of runway shows, sector talks and designer presentations. The latest edition will see 17 new brands debuting their collections before eagle-eyed buyers, members of the press and public. The significant leap in participant numbers appears to reflect renewed optimism when it comes to the wider fashion industry. According to a Dubai Chamber […]
Authored by Melkulangara Bhadrakumar via The Strategic Culture Foundation, The common thread running through the two major ‘hot spots’ in the Middle East today – the conflicts in Syria and Libya – is undoubtedly the threat to international security from the extremist groups operating in these theatres. Therefore, Syria and Libya become test cases of the efficacy of the international community – Russia and the United States […]
DUBAI: Houthis have directly contributed to the humanitarian disaster in Yemen by preventing aid from reaching vulnerable members of the population, Yemen’s ambassador to the US said in a recently-penned opinion editorial published in Newsweek.Ambassador Ahmed Awad BinMubarak raises the question of why “thousands have lost their lives and tens of thousands more have lost their homes and livelihoods” when these communities live nearby one of Yemen’s […]
21 March 2017 Dubai, United Arab Emirates – HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) second phase of the Mohammed bin Rashid Al Maktoum Solar Park. The project reflects a new era in the excellence and leadership of the UAE, as it increases the share of clean and renewable energy. […]
By David Shepardson and Mark Hosenball | WASHINGTON WASHINGTON Passengers travelling on certain U.S.-bound foreign airline flights will have to check electronic devices larger than a cell phone once U.S. authorities formalise a new ban in response to an unspecified terrorism threat, U.S. officials told Reuters on Monday. The new rule is expected to be announced Tuesday by the Department of Homeland Security, the officials said, adding […]
The UAE has pledged US$15 million (Dh55m) to a historic alliance to protect cultural heritage sites threatened by war and extremism. The Emirates was among the world donors that pledged more than $75m during a conference at the Louvre Museum in Paris, attended by Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, French president Francois Hollande and other officials. The conference established the International […]
Airline passengers travelling from eight Middle Eastern nations, including Jordan and Egypt, will be barred from carrying large electronic devices into the main cabin under new regulations from the Trump administration. The rules, which come into effect on Tuesday, also apply to Saudi Arabia and the United Arab Emirates, according to a US official. Passengers from the eight countries will have to check laptop computers and other […]
Photo The bodies of migrants killed in an aerial attack on a boat off Yemen were brought to the port city of Al Hudaydah. Credit Abdel-Karim Muhammed/Associated Press The United Nations on Monday called for an inquiry into an aerial assault on a boat of migrants last week off Yemen’s Red Sea coast that left at least 42 people dead. The attack on the boat, believed to […]
By Marwa Rashad and Celine Aswad | RIYADH/DUBAI RIYADH/DUBAI Saudi Arabia plans to tighten restrictions on foreign workers to pressure companies into hiring more Saudi citizens and reduce unemployment among Saudis, government sources said on Monday. The new policy could help the conservative kingdom achieve one goal of economic reforms launched last year to ease joblessness among Saudis from the current 12.1 percent to 9 percent by […]
NEW YORK // A chilly climate isn’t keeping Norway from basking in the glow of being named the world’s happiest country. It surged from fourth place in last year’s UN assessment all the way to the top spot, according to the World Happiness Report 2017 released on Monday. Other top countries on the list included Nordic neighbours Denmark and Iceland, as well as nearby Switzerland. “All of […]
UAE-based mother, baby and child e-commerce website Mumzworld has commenced talks to raise new funds for expansion across the non-Gulf Cooperation Council (GCC) countries, its founder says. In February 2016, the company successfully closed its Series B funding with multi-million dollar investments led by Wamda Capital, twofour54, and Endeavor Catalyst, aimed to support its expansion in the GCC. “We are now across the GCC. The UAE and […]
The captions may be brief but the portraits are both striking and revelatory. One photograph is that of an imam in Lanzhou, Gansu province, known for his laughter. Another is that of an imam from Quanzhou, Fujian province, whose child has surpassed his father’s warrior-like skills, embodying the wisdom of the dragon while striking a pose like a tiger. They form part of a new exhibition at […]
KUWAIT: Saudi armed forces, as well as those of other Gulf Cooperation Council (GCC) countries and some US military on Sunday started the Eagle Resolve 2017 military exercises in Kuwait.Lt. Gen. Mohammed Khaled Al-Khader, chief of general staff of Kuwait’s Army, attended the activities along with the leaders of the army units participating in the exercise.Al-Khader delivered a speech at the start of the exercise, praising the […]
It’s in facials, on cappuccinos and most recently on the award-winning Burg Khalifa. But what is gold leaf like to work with when it comes to more permanent projects? We speak to a variety of artists about this tricky material. newslide Gold-leaf gilder All that glitters is gold at Emirates Palace. Most of the ceiling and many of its walls, totalling a one-kilometre surface, are covered in […]
An advance alert was issued on Sunday following a sandstorm that hit the western city of Jeddah and other areas of Saudi Arabia. “Jeddah was on advance alert this morning but the condition is mild now,”said Hussein Al-Qahtani, official spokesperson of the General Authority of Meteorology and Environmental Protection (PME). Jeddah’s case is the lowest on the scale of climate severity, he said. The sandstorm, named Madar […]
UAE-based Aster DM Healthcare is in discussions with its banks to change some terms of a syndicated loan to counter difficult business conditions, including delays to payments it is owed, sources familiar with the matter said. The company, which operates hospitals, clinics and pharmacies in the Gulf and India, raised a multi-tranche syndicated loan equivalent to about AED600 million ($163 million) in March last year, Thomson Reuters […]
With GCC governments placing so much emphasis on start-ups as the backbone of a stronger, non-oil based economy, people would be forgiven for thinking it was all about quantity over quality. In fact, in an interview two years ago, a senior official at Abu Dhabi government leading on the UAE’s ‘Takamul’ patenting initative, came right out and said it. He told Arabian Business that the quality of […]
Tun Dr Mahathir Mohamad speaks at the Social Media Week in Kuala Lumpur, April 23, 2015. ― Picture by Choo Choy MayKUALA LUMPUR, March 19 — Radio Televisyen Malaysia (RTM) will not be airing the live telecast of a debate between former prime minister, Tun Dr Mahathir Mohamad and Tourism and Culture Minister Datuk Seri Mohamed Nazri Abdul Aziz. Communications and Multimedia Minister Datuk Seri Dr Salleh […]
18 March 2017 Dubai, UAE – The UAE’s wise leadership has worked tirelessly to anticipate the future, as a fundamental element of its strategies and plans. The vision of the UAE’s leadership, led by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE; HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and HH Sheikh […]
Saudi Arabia said on Friday it had completed all necessary arrangements for Iranian pilgrims to attend the annual haj pilgrimage, the official SPA news agency said, an issue that has created tensions between the two regional powers in the past. The news agency said the arrangements were completed after a meeting took place with an Iranian delegation on February 23. Iran’s Tasnim news agency said on March […]
The 11th edition of Art Dubai closed yesterday and it was, according to its director Myrna Ayad, another success. “We had very positive feedback from galleries, artists and visitors and it was an exciting first edition for me,” she says. “I’m already looking forward to next year’s edition as well as to develop and grow the fair alongside the team.” Other than Ayad herself, who is new […]
AJMAN // Four adventurers drove 1,400 kilometres to a far-flung area of Oman and planted the UAE flag on one of the world’s highest sand dunes. The members of the UAE Adventure Club, a non-profit organisation that teaches people about the desert and off-roading, made the trip to Mazyouna province, in the south of Oman near the Yemen border, aiming to become the first to raise the […]
The GCC mobile phone market returned to growth in the final quarter of 2016 after suffering three consecutive quarter-on-quarter declines, according to the International Data Corporation (IDC). The global technology research and consulting firm said the region saw the shipment of 5.98 million units in Q4, up 7.7 percent on the previous quarter. When viewed year on year, however, the shipment numbers for Q4 were still down […]
