Russia is set to round off a year of rejuvenated global standing with the distinction of watching its currency stand apart from other major economies and resist US dollar strength. The rouble has been the only major currency to appreciate against the dollar since the end of September and, so far this year, has outperformed rivals, up more than 21 per cent against the dollar to Rbs60.48. […]
29 December 2016 Evening’s festivities to take place in Bollywood Parks™ Dubai in front of the majestic Rajmahal Theatre Celebration is open to anyone holding a daily pass or annual pass for Bollywood Parks™ Dubai, MOTIONGATE™ Dubai or LEGOLAND® Dubai Party will feature music, live performances and thrilling fireworks at midnight Advertisement Dubai, UAE: Dubai Parks and Resorts, the Middle East’s largest multi-themed leisure and entertainment destination, […]
On the other were Mr. Netanyahu and Mr. Trump, firing back at what they deemed a hypocritical betrayal of America’s closest friend in the Middle East. Continue reading the main story If Mr. Obama and Mr. Kerry were playing for history, Mr. Netanyahu and Mr. Trump were playing for time. The departing administration intended for the speech to lay out a path to peace that they had […]
|By Arabian Post Staff| There is a greater national focus on achieving operational efficiency across sectors in the Middle East – and one notable area that stands to benefit immensely from embracing digitally-enabled solutions is utilities, Booz Allen Hamilton says in its energy trend forecasts for 2017. Change continues to be the defining feature of the global energy sector in 2017. In the oil and gas industry, […]
Saudi Arabia has announced a timeline for implementation of a tax on harmful products including soft drinks and cigarettes, and said it has completely ruled out income tax contrary to previous reports, according to an official document. The Fiscal Balance Program 2020 report, published by the Saudi government last week, said the kingdom would impose a 50 percent tax on soft drinks and a 100 percent tax […]
Principal Investment Arm of the Government of Dubai Grows its Portfolio to AED 736.8 Billion Dubai 28 December 2016 Investment Corporation of Dubai (ICD) announced its consolidated financial results for the six-month period ended 30 June 2016 showing Revenues of AED 82.5 Billion and a Net Profit of AED 10.3 Billion. These results are achieved against a backdrop of lower oil and commodity prices, a strong US […]
Gasoline and Aromatics Project will add 4.2 mtpa of gasoline supply and 1.6 mtpa of aromatics Abu Dhabi, UAE – December 28, 2016 The Abu Dhabi Oil Refining Company (TAKREER), an ADNOC Group company announced, today, the awarding of two major contracts for its Gasoline and Aromatics Project (GAP), that will significantly increase its gasoline production capacity. As part of ADNOC’s growth strategy, TAKREER plans to expand […]
Submitted by Nick Cunningham via OilPrice.com, Natural gas prices are surging as cold weather eats into U.S. inventories, tightening the market much more quickly than many analysts had expected. The blast of Arctic weather in December put a strain on natural gas markets, with millions of people cranking up the heat to keep warm. The EIA reported a surprise drop in storage levels in the week ending […]
When Jack Ma criticised Hong Kong last month for having outdated stock market listing practices, the Alibaba founder hit the city where it hurts. Hong Kong’s rivalry with New York has only heightened since the billionaire chose the US for his ecommerce group’s initial public offering two years ago. And next year, the battle between the world’s two largest listing centres will only become more heated, as three […]
Post-Millennials in the Kingdom of Saudi Arabia call for more investment in clean energy – mirroring actions being undertaken as part of Government’s Vision 2030 Abu Dhabi, United Arab Emirates, December 28, 2016 Ambitious plans set out by the Kingdom of Saudi Arabia for the deployment of renewable energy are strongly aligned with the hopes and ambitions of the country’s young people, according to global research […]
Orthodox Jews in black coats and skullcaps danced with Arabs in flowing robes and checkered kaffiyehs at a Hanukkah celebration over the weekend in Bahrain, a Muslim-majority monarchy whose king has sanctioned celebrations of the Jewish holiday. Video of the celebration, which included a Jewish delegation giving a large silver menorah to Arab dignitaries and members of both groups dancing together, appeared on Monday on YouTube, where […]
(Image: Tesla) Tesla and Panasonic on Tuesday announced they will begin making photovoltaic cells and modules at a $256 million factory in upstate New York. The PV cells and modules will be used in solar panels Tesla will be manufacturing to store power in customers’ homes through Tesla’s energy storage products, the Powerwall and Powerpack. Production of the first PV modules will begin in summer 2017, and […]
By Thomas Wilson and Saeed Azhar | TOKYO/SINGAPORE TOKYO/SINGAPORE Japan Inc may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing’s crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions, bankers and lawyers said. Facing tepid prospects at home after decades of stagnation amid a shrinking population, Japanese […]
After a two-year experiment with free markets, the pain of low oil prices forced the world’s biggest producers to join forces in 2016 and tackle a global supply glut. Saudi Arabia-led Opec and non-member countries, primarily Russia, agreed after months of discussion and back channel diplomacy to cut production for the first time since the global financial crisis. Prices look set to end the year in the […]
Dubai, UAE, 27 December 2016 HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has opened the Dubai Future Accelerators workshop organised by the Dubai Government Excellence Program on 27 December 2016 at Jumeirah Emirates Towers. In his keynote speech, Al Tayer emphasised that the UAE is an active key player in shaping the future through accelerators, innovation, and adopting scientific […]
Gazprom has submitted proposals to Brussels in an effort to bring to an end a five-year long antitrust probe into the company, it said on Tuesday. The Russian state-controlled energy giant, which did not disclose details of its offer, said that the plan sought to address the European Commission’s concerns “to the extent it is reasonable and possible”. “We hope that the commission — and ultimately the […]
Jeddah, Kingdom of Saudi Arabia, 27.12.2016 The Board of Executive Directors of the Jeddah-based Islamic Development Bank (IsDB), in its 316th meeting on Sunday, gave the final go ahead for injecting US $863 million in to new financing development projects in a number of member countries namely; Guinea, U.A.E, Bahrain, Morocco, Senegal, Togo, Djibouti, Chad, Jordan, and Mali. The meeting also approved to a number of important […]
In order to meet this demand for fresh content — a demand created by the process that supplies it — Jukin scales idle browsing to industrial proportions. A researcher, on average, watches 200 clips daily. That’s a thousand videos each week, or 50,000 per year, give or take. The company’s research is aided by proprietary software called Riff, which generates feeds based on niche viral keywords. Maybe […]
The low-for-long era is over. Central banks, fiscal activism and populism pricked the bond bubble in 2016. Next year will be a lot worse for bond investors, and the aftershocks of the burst will spread across many other assets. Since the crisis, investors have been buying bonds for capital gains and equities for yield, trusting in the holding hand of easy monetary policy. However, today the central […]
I am retiring from the Poynter Institute on New Year’s Eve. As my wife and I watch the ball in Times Square slide down to 2017, our fervent smooch will not just mark a new beginning. It will be the first celebration of almost 40 years well-spent. When my retirement was announced — along with the news that I would continue to work on some important projects […]
M-Station is largest power plant in the UAE with total cost reaching AED 11.62 billion and will produce 2,760MW on completion Dubai, UAE, 27 December 2016 Dubai Electricity and Water Authority (DEWA) has announced that it has completed 53% of the M-Station expansion project. The M-Station is the newest and largest power production and water desalination plant in the UAE. DEWA completed 3.9 million safe man-hours without […]
Since achieving global fame in 2000, Coldplay have elicited devotion and derision in equal measure. The question, then, is whether the British four-piece are one of the best bands of their generation – or the most overrated? Rob Garratt and Saeed Saeed state their cases. They are overrated Coldplay produce quintessentially mundane muzak for the masses. They are utterly innocuous, bitterly anodyne and completely forgettable audio dishwater, […]
In 2016 it was all about Panamagate. But by retaining Konrad Mizzi in his executive and Keith Schembri besides him in Castille, Prime Minister Joseph Muscat stubbornly failed to recognise the extent of the public outrage at these revelations Jurgen Balzan 27 December 2016, 7:20am Joseph Muscat stood by his men and by his own admission, he evidently considers himself unable to complete the energy plans without […]
Had Klopp detailed exactly what she had been hired to do, they might have been skeptical. Nemmer’s plans — for individualized, scientifically planned diets, for food sourced as locally and as organically as possible, for four compulsory meals a day and even for cooking lessons — would have been revelatory even to seasoned pros, far in advance of what most soccer clubs offer. Photo Liverpool Manager Jurgen […]
