OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister Khalid Al-Falih said. The re-balancing of the oil market should take place by the end of the first half of the year, Al-Falih told reporters during an energy event in the United Arab […]
He was the president who took out Osama bin Laden but was blindsided by Isis; who made Asia his priority but saw his trade deal for the region stymied; who built bridges with once sworn enemies in Cuba and Iran but who sparred with allies in Israel and Saudi Arabia. The mixed and sometimes messy foreign policy legacy of Barack Obama includes a climate change agreement and […]
Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC’s plan to prop up prices would work. Saudi Energy Minister Khalid al-Falih, speaking at an industry event in Abu Dhabi, also said he was encouraged by signs of commitments by other participants in the deal since it took effect […]
BEIRUT Syrian rebel groups have decided to attend peace talks backed by Russia and Turkey in Kazakhstan to press for implementation of a widely violated ceasefire, rebel officials said on Monday, in a boost for Moscow-led diplomacy. Rebel groups took the decision at meetings that are underway in Ankara, and are now working to form a delegation that will be different to one sent to peace talks […]
Dubai, UAE – January 16, 2017 Under the patronage of H.H. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and President of Dubai Health Authority, the 7th Emirates Otorhinolaryngology Audiology and Communication Disorders Congress (EROC) will begin on 18th January with 2,000 delegates participating from around the globe. Otolaryngology is the branch of medicine that deals with diagnosis, treatment and prevention […]
Monday 02.10 GMT Overview Asian markets were mostly lower despite bank-led gains for Wall Street on Friday but the spotlight was on the British pound as it tumbled to a four-month low amid heightened expectations of a “hard Brexit”. Hot topic Sterling was down 1.3 per cent at $1.2027 after falling as low as $1.1986 in early Asian trading, ahead of a speech on Tuesday in which […]
ADEN: At least 26 Yemeni fighters died in fresh clashes and an air strike as government forces advanced against Shiite Houthi rebels near a key shipping strait, medics and officials said Saturday.A week-long assault by government forces and their allies aims to expel the Iran-backed Houthis from Dhubab region, close to the Bab Al-Mandab strait linking the Red Sea and Indian Ocean.Twelve bodies of Houthi insurgents were […]
ABU DHABI // UAE driving schools are switching in increasing numbers to e-learning to help drivers be safe and responsible on the road. Waleed Mamoun Afanah is among those who have benefited from the online learning. Instead of sitting through long classroom lectures on driver attitude and responsibilities and figuring out what each traffic sign, road marking and traffic control device at intersections signifies, the 27-year-old Jordanian […]
|By Saifur Rahman| Indian investment in Dubai’s real estate fell 40 per cent to Dh12 billion ($3.2 billion) in 2016, down from Dh20 billion ($5.4 billion) in 2015, Dubai Land Department reports show. However, Indian nationals remain the top foreign investor group by nationality. As has been the case in previous years, more than 7,000 UAE nationals from across the GCC, Arabs, and foreigners invested nearly Dh22 […]
DUBAI Saudi Arabia’s top religious authority has called cinemas and singing concerts harmful and corrupting, in a move that could complicate government efforts to introduce cultural reforms to the conservative kingdom. The comments by Grand Mufti Sheikh Abdulaziz Al al-Sheikh, published on his website, said cinemas and round-the-clock entertainment could open the door to “atheistic or rotten” foreign films and encourage the mixing of the sexes. Cinemas […]
The Saudi-based Islamic Development Bank (IDB) has agreed to loan the Kyrgyz Republic $20 million to finance a rural water supply and sanitation improvement project. The funding will help the Kyrgyz Republic to improve access and quality of water supply in targeted rural communities, improve sanitation services primarily in schools, and health centres in selected villages and strengthen capacity of institutions in the water supply and sanitation […]
|By Arabian Post Staff|The Shariah Standard for Gold, introduced with the support of the World Gold Council, will open up a vast new world for gold investments, according to the Council’s Gold Outlook Report for 2017. It quotes Mark Mobius of Franklin Templeton as saying the new Shariah Standard on Gold will be a “game changer.” “The Shariah Standard on Gold will enable the foundation of what […]
12 January 2017 Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announces that Flynas in which KHC owns a 34.08% stake, finalizes a $8.6billion deal with Airbus for the purchase of new aircrafts. The ceremonial event will take place on Monday 16th January 2017. -Ends- About Kingdom Holding Company:Founded in 1980, KHC is a publicly traded company which was listed on […]
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]
“We open a new hotel every 36 hours,” Sébastien Bazin remarks, after outlining the impressive portfolio of French hospitality chain AccorHotels, with 4,100 hotels spread across 95 countries and employing 240,000 people. The significant sum includes properties gained through the recent acquisition of FRHI, a hotel management company formerly owned by Qatar Investment Authority, billionaire Saudi Prince Alwaleed bin Talal’s private investment arm Kingdom Holding and Oxford […]
There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]
12 January 2017 The 2nd Gulf Arrhythmia Congress, the official scientific sessions of the Saudi Heart Rhythm Society (SHRS) and Gulf Heart Rhythm Society (GHRS) has been launched in Riyadh on the 13th & 14th of January at Movenpick Hotel. (GAC) is the result of the aligned visions of two professional societies to organize a state-of-the-science meeting in the Gulf and wider region highlighting the latest developments […]
13 January 2017 Manama, Bahrain: Batelco, Bahrain’s leading digital services provider officially launched EasyPay, the first of its kind mobile payment service, in partnership with Ithmaar Bank, a Bahrain-based Islamic retail bank, and Arab Financial Services (AFS), one of the region’s leading electronic payments outsourcing service providers, at Seef Mall, Manama, on Thursday 12th of January 2017. The new service was announced by the three leading organisations […]
US chemical giant Dow has announced the “topping out” of its new innovation centre in Saudi Arabia, which is expected to become operational in the second half of 2018. Dow chairman and CEO Andrew Liveris reported good progress in the construction of the Dow Middle East Innovation Centre at King Abdullah University of Science & Technology (KAUST) in Saudi Arabia. Liveris said: “When the new Dow Innovation […]
Throughout the presidential campaign and since Donald Trump’s election, former diplomats, retired generals, and foreign-policy analysts have attempted to decipher, explain, and predict his foreign-policy strategy. Will he pursue the big-stick model of Teddy Roosevelt? Embrace a neo-Nixonian “madman” strategy? Is Trump actually a champion of foreign-policy realism, or perhaps no realist at all? But all those questions make the same mistake — they assume the incoming […]
For years, Iran has been under a series of international sanctions prohibiting it from exporting arms. The United States has frequently claimed that Tehran has violated the sanctions in support of proxy forces in many conflicts, including in Iraq, Syria, Yemen and the Palestinian territories. Photo Weapons seized in February from smugglers near Yemen’s coast. Credit Australian Department of Defense, via Small Arms Survey The grenade launchers […]
Crystal Lagoons, the patented technology developer of giant crystalline lagoons, has announced it has held a series of meetings with prominent Qatari real estate developers as the country looks to capitalise on a growth in tourism numbers and revenues. Designed to be self-cleaning, the lagoons only require topping up in response to evaporation and use up to 100 times less chemicals than traditional pool systems, and only […]
By Jamie McGeever | LONDON LONDON European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will […]
After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key question: will they actually deliver all the promised cuts? A group of companies believe that they are positioned to deliver that answer, trumpeting their years of experience tracking global oil flows, using everything from modern satellite technology […]
