A project displayed at Cityscape Global 2014. Rory Jones for The Wall Street Journal Dubai’s showcase annual real-estate event appears to offer more substance than style this year: Cityscape Global had fewer glitzy property launches on day one than last year, and there were no backroom scuffles as investors scrambled to snap up units of premier developers. There was still plenty of real estate for sale as […]
KKR ‘s Samie says the key challenges in the region are valuations, regulations and issues with minority ownership. Nicolas Parasie for The Wall Street Journal KKR & Co. has been in the Middle East and North Africa since 2008. In what could be one of the largest buyout deals ever in the region, the New York-based private equity giant is jointly bidding for Kuwait’s Americana. The Wall […]
Jeremy Paxman, who is a quarter Scot, would have like a say in the future of the Union Photo: PA/BBC On Thursday, the English will discover what the Scots really think of them. Like the final row in a troubled marriage, it could be the event that serves to separate those we were once told God had joined together. The decision is not for those of us who […]
As the new school year kicks off on Monday in Turkey, some Kurdish parents will for the first time have access to Kurdish-language education for their children. In a small but significant step towards more cultural rights for Turkey’s estimated 15 million Kurds, subjects such as mathematics and geography will be taught in three private pilot schools in Kurdish, according to three Kurdish civil organizations providing the […]
Apple Inc. (AAPL)’s prospects seem a lot brighter than they were the last time Tim Cook introduced an iPhone. When Chief Executive Officer Cook unveiled two new smartphone models 12 months ago, Apple’s stock was slumping and the company was losing market share to Samsung Electronics Co. and low-cost manufacturers such as Xiaomi Corp. Questions abounded about whether Apple could keep innovating without co-founder Steve Jobs. Fast […]
An executive holds the Syqe inhaler at the company’s office in a Tel Aviv industrial complex. In the background is an empty floor room being readied to produce the first models. Josh Mitnick for The Wall Street Journal Doctor-prescribed joints might one day become a relic of the past if cannabis technology venture Syqe Medical Ltd. has its way. The government backed start-up, an outgrowth of Israel’s […]
By Casey Sullivan Sat Sep 6, 2014 6:33am IST People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its […]
By Wall Street Breakfast: Outstanding Performance Article Rewards We’re excited to announce our latest two Outstanding Performance award winners. Each author receives $2,500. Read more about our Outstanding Performance award winners here. Winner #1: Long idea on TPL (Texas Pacific Land) by Investing 501, published May 30, 2013. Return to date: +148% Winner #2: Short idea on IRG (Ignite Restaurant Group) by Volte-Face Investments, published May 12, […]
Saudi Arabia’s second-largest telecom operator Mobily said Monday it has established a joint venture with Silicon Valley-based Plug and Play Tech Center to make investments in seed-stage startups in the Middle East. Mobily The partnership, the second of its kind in the region, will also help bring international startups to the region and comes just a few days after Mobily announced it has a launched a venture […]
By Wall Street Breakfast: EconomyEuro zone inflation continued to fall in August, with consumer prices rising just 0.3% Y/Y, well below the ECB’s target of just below 2%. The new figures released by Eurostat boost expectations that the central bank will announce further stimulus measures, and will likely result in lively discussion at the ECB’s Sept. 4 policy meeting next week. The U.S. and EU are considering […]
Islamic State militants are using mines and IEDs to thwart Kurdish Peshmerga forces trying to dislodge them from positions in northern Iraq. The Wall Street Journal’s Tamer El-Ghobashy reports from the scene. This article first appeared on wsj.com. 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 fivefilters.org/content-only/faq.php#publishers. (via […]
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 […]
Here’s one of the usual everyday life frustrations if you live in Saudi Arabia: You want to eat cereal. You open the fridge and realize you’re out of milk. You get dressed, get in your car and drive to the supermarket. Then the moment your reach the supermarket, they close for prayer. The kingdom is the only Muslim country in the world where all businesses must be […]
Kuwait’s Americana owns the franchise for popular fast-food chains such as TGI Friday’s, KFC (pictured above) and Pizza Hut in the Middle East and North Africa region. Bloomberg Kuwait’s Americana is in demand. Several investors, both regional and international, are apparently interested in acquiring a stake in the company that owns the franchise for popular fast-food chains such as TGI Friday’s Inc, KFC and Pizza Hut in […]
Salwa Khalaf (right), 15 years old, was forced to flee her home and school in Sinjar after an advance by Islamic militants. Nour Malas/The Wall Street Journal Thousands of Yazidis have fled an Islamic insurgent attack on their hometowns in the Sinjar plain of northern Iraq. We spent a day meeting and interviewing families who escaped to the closest town over in the relative safety of the […]
As players stepped on the pitch of King Fahad International Stadium in Riyadh to kick off the new Saudi football season, the sound of money came louder than the cheers of sports fans. A few minutes before the game started on Thursday, Middle East Broadcasting Center Group inked a deal with the Saudi Arabian Football Federation worth 3.6 billion riyals ($960 million) over 10 years to buy […]
by Christopher Morris Apple’s next generation flagship smartphone should hit the stores in early October After months of speculation, rumor and leaks, it finally seems that the iPhone 6 may be about to be unveiled. The Wall Street Journal is reporting today that Apple will unveil its next-generation smartphone at a special event on September 9. Apple follows typical strategy Although Apple Inc. (NASDAQ:AAPL) is currently declining […]
The village of Kerwas, or Yalaza in Turkish, located near the town of Lice in Turkey’s southeast. Ayla Albayrak for The Wall Street Journal A sleepy little village in Turkey’s southeast has an ambitious project for the country’s estimated 15 million Kurds: to build the country’s first Kurdish-language primary school and set a model for modern Kurdish village life. In a country where Kurdish-language public education remains […]
Wall Street Breakfast Editors submit: EconomyPolish Prime Minister Donald Tusk says he has reasons to suspect that the threat of a direct intervention by Russia’s military in Ukraine has increased over the last few days. NATO’s deputy secretary general says that Russia has amassed about 20,000 troops along its border with eastern Ukraine, following a Pentagon spokesman’s announcement yesterday that said Russian forces are closer than when […]
Wall Street Breakfast Editors submit: EconomyRussia may impose restrictions or a ban on European airlines using trans-Siberian routes in retaliation for the new EU sanctions over Ukraine, reports Reuters quoting the Vedomosti. If imposed, the restrictions would weaken European airlines’ competitive advantage over Asian rivals due to longer flights and higher fuel costs. The constraints would greatly affect Lufthansa (OTCQX:DLAKY), British Airways and Air France (OTCQX:AFLYY), and […]
Op-Ed Contributor Eight Days in Gaza: A Wartime Diary By ATEF ABU SAIF August 4, 2014 Sunday, July 27 For the last two hours we’ve heard nothing but sonic booms and the sound of rockets and mortars. Shells have fallen on our street a few hundred yards from my father-in-law’s house, where my wife and I, and our five kids, are staying, and on the street behind us. My wife, […]
|By K Raveendran| The Dubai real estate scene today has several similarities with the pre-crisis situation of 2008, which ultimately led to the emirate’s property bubble. Conflicting signals, including a series of big ticket announcements, entry of new developers and growing concern about overheating in the market, are making it a thoroughly confusing proposition. The announcement of the Mall of the World, a domed, climate-controlled city more […]
Even the best albums contained the occasional dud – did anyone ever look forward to hearing the obligatory Ringo song on a Beatles album? . Photo: AFP/Getty Images My home is full of vinyl. It’s there in the living-room, the study, the spare bedroom – all my yesterdays, the good, the bad the ugly, filed in batches of 30 in sturdy black plastic boxes (they weigh a ton!), […]
Mumbai: State-run Hindustan Petroleum Corporation Limited may go solo on its plans to build its second underground liquefied petroleum gas (LPG) storage facility in Mangalore.
The company which was planning to rope in Total SA of France, to build the cavern jointly, said Total is not interested at present and may join the company at a later stage.
“We see merit in the project and have decided to go ahead. We will commission the detailed feasibility report shortly and then call for tenders in the next four-six months,” said a senior HPCL official.
The cavern, will cost HPCL Rs 700 crore and will store 60,000 tonnes of LPG. HPCL and Total, through their equal joint venture, South Asi
