Oil prices jumped after the energy ministers from Saudi Arabia and Russia said they backed extending an Opec-led agreement to cut output until March 2018. Saudi energy minister Khalid al-Falih and his Russian counterpart Alexander Novak met on Monday in Beijing and discussed oil output policy. Russia is the world’s biggest oil producer, while Saudi Arabia is the biggest exporter. The two ministers said in a joint […]
WASHINGTON President Donald Trump is trying to determine how keeping his promise to move the U.S. Embassy in Israel to Jerusalem could affect his hopes of brokering a peace deal between the Israelis and the Palestinians, his secretary of state said on Sunday. Since taking office in January, Trump has shown signs of shelving his campaign pledge to move the embassy from Tel Aviv, while vowing to […]
Oil jumped after the energy ministers from Saudi Arabia and Russia said that an OPEC-led agreement to cut output should be extended until March 2018. Saudi energy minister Khalid Al Falih and his Russian counterpart Alexander Novak discussed oil output policy in Beijing after which they made a joint statement. Mr Falih said the next round of cuts will be on the same terms as the first […]
Apple is expected to make its voice assistant Siri a lot smarter in the foreseeable future, as evidenced by its recent acquisition of AI company Lattice Data. The Cupertino brand reportedly forked over $200 million to close the deal. Apple Beefs Up AI Efforts According to TechCrunch, an unnamed source told it that Apple has already completed the acquisition a couple of weeks earlier. The agreement also […]
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Hotel giant Hyatt has announced plans to expand its brand footprint in the Gulf and wider Middle East region with the signing of management agreements for 14 new properties. Under the agreement, Hyatt-branded hotels across the Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Centric, Hyatt Place, and Hyatt House brands will open in the region over the next few years. They will be based in cities including […]
Amman, 14 May 2017 Marking the debut of The Ritz-Carlton brand in Jordan, Al Eqbal Real Estate Development and Marriot International have announced the signing of an agreement to establish The Ritz-Carlton hotel and residences in Amman, which is scheduled to be complete in 2020. The agreement was inked by Tawfiq Fakhouri, Founder and Chairman of Al Eqbal Real Estate Development, and Alex Kyriakidis, President and Managing […]
JERUSALEm: A Jordanian man stabbed and wounded an Israeli officer in annexed east Jerusalem on Saturday before being shot dead, police said.The officer was taken to hospital with “moderate” injuries after the attack in the walled Old City, police spokeswoman Luba Samri said in a statement.Police identified the assailant as Mohammad Skaji, a 57-year-old Jordanian who the statement said had “entered Israel a few days ago.”They said […]
DUBAI Former president Mohammad Khatami, considered the spiritual leader of Iran’s reformists, urged voters on Sunday to re-elect President Hassan Rouhani and support his policy of seeking to end Iran’s isolation from the rest of the world. Iran’s hardline security and judicial powers, which operate separately to the presidency and are close to Iran’s ultimate authority – Supreme Leader Ayatollah Ali Khamenei – have banned media from […]
BEIJING Nepal is in talks with China to build a cross-border rail link that may cost up to $8 billion, and funding could be expected after Nepal formally signed up to Beijing’s Belt and Road initiative, a Nepali finance ministry official said on Sunday. Yug Raj Pandey, an under secretary at Nepal’s Ministry of Finance, told Reuters the proposed 550 kilometre-long railway would connect China’s western Tibet […]
BEIJING British finance minister Philip Hammond said on Sunday Britain is a natural partner for China’s new Silk Road programme, and as it leaves the European Union (EU) it wants more trade with the world not less. China is one of the countries Britain hopes to sign a free trade agreement with once it leaves the EU, and London and Beijing have been keen to show that […]
The tunnel was one of two at the Energy Department’s Hanford reservation used as dumping grounds from 1960 to 2000 for radioactive machine parts, vessels, and other equipment. It was, in short, a tangible expression of the department’s policy of covering over some of its nuclear bomb-making detritus and effectively pretending it isn’t there. The neglect followed a blunt warning 26 years ago from the State of […]
A senior Dubai Expo 2020 official has given a rare glimpse into what it will take for the emirate to host the six-month mega event. Marjan Faraidooni, senior vice president, Legacy Development and Impact at Expo 2020 Dubai, revealed that 500,000 meals will need to be provided on the Expo site every day from October 20, 2020 to April 10, 2021 when it closes. About 34,000 tonnes […]
By Kay Johnson | ISLAMABAD ISLAMABAD Pakistan signed new deals with China on Saturday worth nearly $500 million ahead of Beijing’s international forum on its “Silk Road” trade and infrastructure initiative for Asia, Africa and Europe, the Pakistani government said. The memorandums of understanding add to $57 billion already pledged for the China-Pakistan Economic Corridor (CPEC), a network of rail, road and energy infrastructure that is part […]
ABU DHABI // Young Emirati diplomats will be key to bringing peace and reconciliation to the Middle East, a group of students heard this week. Reconciliation seems difficult amid tensions and turmoil in the Arab world, but Bernardino Leon, president of the Emirates Diplomatic Academy in Abu Dhabi, likened its future to the unification of Europe following the Second World War. “When you think of what’s going […]
13 May 2017 Dubai – The Ministry of Finance (MoF) recently held the second meeting of the Government Financial Policy Coordination Council for 2017 in its headquarter in the Dubai. The meeting was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Government Financial Policy Coordination Council, in the presence of HE Saeed Rashid Al Yateem, Assistant undersecretary of Resources and Budget […]
SAN FRANCISCO Southern Co’s (SO.N) Georgia Power and Toshiba Corp’s (6502.T) Westinghouse have reached a tentative deal to transfer project management of the expansion of a Georgia nuclear power plant to units of Southern Co, Georgia Power said in a statement on Friday. The interim agreement until June 3 will allow construction of the Vogtle plant expansion to continue, it said. Westinghouse Electric Co filed for bankruptcy […]
Greece inched closer to a return to public market finance for at least part of its Sisyphean debt burden this week, with benchmark bond yields dropping to levels seen when the country last issued new debt three years ago. Enthusiasm for the small portion of Greek debt held in private hands and available to trade followed a long-delayed agreement on fiscal and structural reform measures with European […]
But conservatives have targeted Mr. Rouhani for what they regard as his softness toward the United States and tolerance of Western culture. They also have sharply criticized him for what they call his misleading prediction that the nuclear agreement would herald an economic boom in Iran, where joblessness remains pervasive and the economy is the most pressing campaign issue. Still, Mr. Rouhani is considered the front-runner. Photo […]
The bond between mother and daughter is special, made even more so when a daughter has children of her own. A sense of mutual understanding clicks in that helps to bridge the gap between generations. In honor of Mother’s Day on May 14, we spoke to some mothers and their daughters about how motherhood has changed, what they’ve learned from each other, how technology has shifted […]
MEXICO CITY General Electric Co (GE.N) Chief Executive Jeff Immelt is keen to double the conglomerate’s purchases from Mexican suppliers next year, the Mexican president’s office said in a statement on Friday, a move that could upset U.S. President Donald Trump. Immelt met with Mexico’s President Enrique Pena Nieto in Mexico City and will spend a few days in Latin America’s No. 2 economy at a time […]
By Parisa Hafezi | ANKARA ANKARA President Hassan Rouhani will defend his efforts to open up Iran to the world on Friday in a final televised debate against the hardline challengers who aim to topple him in an increasingly acrimonious election next week. Rouhani, swept into office in a landslide four years ago on promises to reduce Iran’s international isolation, is seeking a second term after negotiating […]
The Equatorial Guinea-Saudi Arabia Economic Forum follows intensive efforts by the Government of Equatorial Guinea to expand relations with countries in the Arabian Gulf JEDDAH, Kingdom of Saudi Arabia, May 12, 2017 Two global energy powers met today (May 11, 2017) for the first Equatorial Guinea-Saudi Arabia Economic Forum, organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea. The historic event was hosted by the Jeddah Chamber […]
KILCOOLE, Ireland Northern Ireland’s 1998 peace deal will need to be amended in the wake of Britain’s vote to leave the European Union as it contains references to the bloc, former British prime minister Tony Blair said on Friday. Blair helped oversee the agreement between Irish nationalists and pro-British unionists, which brought an end to three decades of bloodshed that killed 3,600 people, in one of the […]
Profits take a hit at Entertainment One. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here. Efforts to strengthen Entertainment One’s film division will hit its full-year profits by almost £50m, the company announced today, after it renegotiated one of its main distribution agreements, writes FastFT. Entertainment One is best known for producing television programmes such as Peppa […]
