Saudi Arabia will launch in coming weeks a renewable energy programme that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few weeks start the first round of bidding for projects under the programme, which would produce 10 […]
|By Arabian Post Staff| The trend of falling real estate prices in Dubai is expected to continue throughout 2017, real estate consultancy CBRE said in an annual report. “With an expanding pipeline of new units, current deflation trends are likely to continue throughout 2017, with many new homes set to complete, Mat Green, Head of Research & Consultancy UAE, CBRE Middle East said, The residential sector experienced […]
Jordan has awarded Saudi Arabia’s ACWA Power a contract to develop a 61.3 megawatt peak (MWP) photovoltaic project, which will generate enough electricity for 12,000 households, the Saudi firm said on Monday. ACWA Power gave no value for the contract but said in a statement the 42 fils per kilowatt hour it submitted was the lowest for solar energy ever presented for a Jordan-based project. MWP is […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil dipped on Tuesday on lingering concerns over global fuel oversupply due to rising U.S. output and doubts that OPEC and other producers would adhere to commitments to cut output in an effort to balance markets and prop up prices. Brent crude futures, the international benchmark for oil prices, were at $55.55 per barrel at 0643 GMT, down 31 cents from […]
Photo Celebrations erupted in the courtroom when the verdict was announced. Credit Mohamed El-Shahed/Agence France-Presse — Getty Images CAIRO — An Egyptian court on Monday upheld a ruling that said the government cannot transfer control of two key Red Sea islands to its main financial backer, Saudi Arabia, deepening a rift between the two Middle Eastern countries. The alliance between Egypt and Saudi Arabia, two of the […]
Saudi Arabian Airlines’ budget carrier Flyadeal will lease six Airbus A320s, an Airbus executive said on Monday, a sign that the European planemaker might again have pipped Boeing in the race to win a big Middle East deal. Flyadeal, which is set to start services in mid-2017, is aiming to operate a fleet of up to 50 narrow body jets by 2020 and Saleh al-Jasser, director general […]
Photo From left, Sami Mushaima, Ali al-Singace and Abbas al-Samea, who were convicted in a deadly police bombing and executed on Sunday morning in Bahrain. Credit Bahrain Center for Human Rights, via Associated Press BEIRUT, Lebanon — Bahrain executed by firing squad on Sunday three Shiite men convicted of killing three police officers in a bombing in 2014. The executions were condemned by human rights groups, which […]
FM EXPO Saudi 2017 and Saudi Clean Expo running until 17 January at the Jeddah Centre for Forum & Events Jeddah, 16 January 2017 FM EXPO Saudi 2017 and Saudi Clean Expo opened its doors to thousands of visitors as industry professionals turned out in force to learn more about this growing industry. With the support of Advanced Facilities Management, the headline sponsor of FM EXPO Saudi […]
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 […]
