Dubai and Kuwait City have been ranked in the top 10 biggest improving cities in a global livability survey released on Wednesday. The Economist Intelligence Unit said Dubai’s ranking at number 77 had improved 2.9 per cent in the past five years. Kuwait City, which came in at 81, was also amongst the top 10 most improved, with a 2.5 per cent jump. The survey ranks five […]
President Barack Obama and his top military and national security advisers hashed out options on Saturday for responding to the alleged use of chemical weapons in Syria amid “increasing signs” that the government used poison gas against civilians. Obama spoke with British Prime Minister David Cameron, a top U.S. ally, and agreed that chemical weapon use by Syrian President Syrian President Bashar al-Assad’s forces would merit a […]
Riyadh (Reuters): The Saudi Arabian government awarded $22.5 billion (Dh82.6 billion) in contracts to three foreign-led consortia on Sunday for the design and construction of the first metro rail system in the capital, Riyadh. The project, which will involve six rail lines extending 176 kilometres and carrying electric, driverless trains, is the world’s largest public transport system currently under development, Saudi officials said. US construction giant Bechtel […]
Mubadala Development Co., the Abu Dhabi sovereign wealth fund, is fighting to avoid losses on its $2 billion investment in Eike Batista’s companies as the former billionaire seeks to save his commodity empire from collapse. The fund is owed $1.5 billion after converting a preferred equity investment in Batista’s EBX Group Co. into debt, three people with knowledge of the matter said last month. That amount is […]
