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29 December 2016 Jeddah – The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group, has convened a US$ 45 million Murabaha financing agreement with the Islamic Republic of Mauritania represented by the Ministry of Economic and Finance and the Mauritanian Electricity Company (SOMELEC), as an executing agency. The purpose of the agreement comes within the Financing Plan of Mauritania’s electricity needs […]

BEIJING Heavy smog in northern China on Sunday caused hundreds of flights to be cancelled and highways to shut, disrupting the first day of the new year holiday. Large parts of the north were hit by hazardous smog in mid-December, leading authorities to order hundreds of factories to close and to restrict motorists to cut emissions. The latest bout of air pollution began on Friday and is […]

The women cowered behind a flimsy bedroom door. One of them dialed 911. Another clutched a stubby kitchen knife. Continue reading the main story Since leaving the corps in 2012, Siatta had been unable to switch off the habits of war. He was hypervigilant and struggled to relax. He watched people, sizing them up and scanning for threats. In the varying situations of everyday life, he constantly […]

Physics research provides new insights into the fluctuations of wind energy, with implications for engineering and policy. (via WSJ)

ABUJA Nigeria’s government will seek a lasting peace settlement with militants in the oil-producing southern Niger Delta region in 2017, President Muhammadu Buhari said in a New Year’s message on Saturday. Attacks on oil facilities in Nigeria’s energy hub, coupled with low oil prices, helped push Africa’s biggest economy into recession – the first in 25 years – in the second quarter. Crude oil sales account for […]

Dubai’s state utility company has announced that more than 80 percent of the second phase of the Mohammed bin Rashid Al Maktoum Solar Park is complete. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world based on the Independent Power Producer model (IPP). The second phase is the first and largest of its kind in the UAE and will […]

DUBAI // UAE leaders hailed the beginning of a new year promising progress as hundreds of thousands of Emiratis and people from around the world celebrated the arrival of 2017 in Abu Dhabi, Dubai and across the country. Sheikh Mohammed bin Rashid expressed pride for challenges that were overcome and achievements accomplished last year. The Vice President and Ruler of Dubai said he looked forward to the […]

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SHARJAH // Forty-two playground rides have been installed as part of a plan to provide more facilities on the Khor Fakkan Corniche. Ghada Ali, 33, an Egyptian mother of two, said she was “excited and happy” about the new equipment. “This Corniche is our favourite place during the holidays and weekends,” she said. “We live in an apartment and it’s very important for the kids to have […]

FRANKFURT German utility E.ON (EONGn.DE) plans to cut administrative jobs as part of efforts to reduce costs by 400 million euros (340.78 million pounds), Chief Executive Johannes Teyssen told newspaper Rheinische Post. “Based on previous experience, 50 percent of savings in such efficiency programs come from personnel costs and 50 percent from the cost of material,” he said in the interview, published on Saturday, adding the company […]

The U.S. Department of Defense is urging soldiers to ease up on drinking too much energy beverages as it could lead to serious damaging of the body. The military noticed that a growing number of servicemen choose to drink energy beverages over water, especially during the wars in Afghanistan and Iraq. Researchers examined data collected from soldiers serving during 2010’s Operation Enduring Freedom and discovered that as […]

The search for extra-terrestrial life is one of the most mysterious subject areas one can study. The vastness of the universe is much too unfathomable for some, but even with the theory of its never-ending expansion, scientists are not perturbed and are continuing in their search for alien life. SETI Signals The name SETI stands for “search for extraterrestrial intelligence,” which is exactly what many scientists are doing. […]

Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. US benchmark West Texas Intermediate (WTI) crude futures slipped 12 cents to $53.62 a barrel by 1400 GMT on Friday, while Brent front-month March crude futures were down 19 […]

Hindsight Capital beats the market, and all competition, every year. But how would it do over a decade? For the uninitiated, Hindsight Capital is an imaginary hedge fund that is blessed with perfect foresight, which features at this time of year in the Long View column. As real fund managers deploying real money have to hedge their bets, it always does far better than any of them […]

Tesla Transport underpins and supports both urban and rural living worldwide. Whether this is just a runaround to get from A to B, a flight to get to a conference or distribution networks for parcels and supplies, companies and the general public require a strong transport infrastructure for cities and businesses to thrive. However, as transport is so ingrained, new and innovative solutions are required to lessen […]

Law Blog rounds up the morning’s legal news: IRS Crackdown: The Internal Revenue Service is clamping down on a tax-avoidance technique that turns charitable land-conservation donations into moneymaking opportunities. [WSJ] Mining-rights battle: Peabody Energy is seeking federal approval to expand its mine on Navajo and Hopi land in northern Arizona, a move supported by tribal leaders. But […] (via WSJ)

By Yashaswini Swamynathan Wall Street aimed to end 2016 on a positive note, setting up the Dow for its best annual performance since 2013 amid increasing optimism about the outlook for the economy. The markets have shown surprising resilience to major political events, such as Britain’s vote in June to leave the European Union and the election of Donald Trump as U.S. president in November. U.S. stocks, […]

Financial markets in 2016 endured an escalation of negative interest rates, the collapse and subsequent rebound in commodity prices and fluctuating stock market valuations. The test for investors began in week one, as fears of a China slowdown roiled stock indices weeks after the Federal Reserve began to normalise policy. Over the ensuing months, the Brexit vote and US election would prove significant mile markers, shift thinking […]

I’m a big proponent of re-wearing clothes, or outfit repeating as it is commonly called. It’s sad that this has somewhat derogatory connotations. These days, once an outfit is posted on Instagram, we often feel a certain stigma associated to re-wearing it. I don’t let myself get sucked into that pressure of buying a new outfit for every occasion – rather, I try to restyle my existing […]

Abu Dhabi, United Arab Emirates; December 30, 2017  As the 10th anniversary year of Masdar, Abu Dhabi’s renewable energy company, draws to a close, industry watchers can reflect on 12 months that have marked a historic milestone for the company and a pivotal moment for the renewable energy sector as a whole. During the decade since Masdar was established, the UAE has cemented a global reputation for […]

Chinese netizens are mourning the demise of a popular online talk show that dared to tackle social and political topics in a media landscape dominated by vapid soap operas, staid costume dramas and webcam girls. The final episode of “Xiaosong-pedia“, hosted by songwriter, music producer and film director Gao Xiaosong, was aired on Friday on iQiyi, the online video platform owned by internet search group Baidu. The show received […]

Singapore Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were up 18 cents or 0.33 percent to $53.95 at 0105 GMT after settling 29 cents lower at […]

Jeddah, Kingdom of Saudi Arabia, 29 December, 2016  The Islamic Development Bank (IsDB), based in Jeddah, Kingdom of Saudi Arabia, is providing a US $5 million financing support for construction of a solar power plant which is expected to contribute to the sustainability and financial resource optimization of the “King Hussein Cancer Center (KHCC) Expansion Project” in Jordan.    The approval came during the 316th meeting of […]

Wall Street’s most important equity barometer is on track for its biggest annual recovery since the beginning of the bull market, underscoring the sharp turn in investor sentiment following the worst start to a year on record. The S&P 500 index is poised for an 11 per cent gain in 2016, shaking off a brutal start that at its lowest point in February left it down 10.5 […]

By Tom Hals | WILMINGTON, Del. WILMINGTON, Del. Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750 million […]

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