IMF’s Christine Lagarde says the fund is already talking with Egyptian officials about its economic outlook and value-added tax policy. Reuters The International Monetary Fund may soon take a thorough look at Egypt’s economy for the first time since its revolution in 2011, potentially paving the way for greater cooperation on President Abdel Fattah Al Sisi’s reform agenda and renewing talks about long-delayed IMF financing. The IMF […]
|TAP Special| The oil market scene is turning murky, with indications of a price war developing among major producers to defend their market shares. Crude futures tumbled to a 17-month low on signs that global supply is outstripping demand and by all indications, crude oil is poised to extend the biggest slump in more than two years. To make things worse, Saudi Arabia is said to be […]
SAUDI ARABIA. Jadwa Investment, the Saudi asset manager focused on Sharia’ah compliant mutual and private equity funds, has just issued its Quarterly Global Oil Market Update (Q3 2014). Summary of the report · The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping by 7.3 percent in Q3 2014, to an average of […]
To find inspiration for the future in his new role as chief executive of Masdar, Dr Ahmad Belhoul looked at the past. “When you look back a generation or two to our grandparents’ time, they were some of the most sustainable people on Earth,” he said. “They would use water and food only to the extent that they needed.” Appointed as the head of Abu Dhabi’s leading […]
Kuwait plans clamp on energy subsidies Kuwait starting to cut subsidies, says IMF DUBAI, 3 hours, 26 minutes ago Kuwait’s government has started reducing some state subsidy payments and is in an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said. Subsidy cuts are an important economic reform for Kuwait because lavish subsidies, mostly on energy, swallow about […]
By Surojit Mahalanobis It is better late than never. The news that the power minister Piyush Goyal has set up an inter-ministerial panel (IMC) to examine and move forward with effective allocation of the 214 coal blocks, after the Supreme Court’s recent order, is indeed acceptable. What is positive about the move is that the committee (IMC) would comprise engineers of power, steel, and mining sectors as […]
Shares of Marka started trading Thursday at a premium of 77% to its 1 U.A.E. dirham ($0.27) issue price. Asa Fitch for The Wall Street Journal Shares of Marka, a brand-new retail and hospitality company in the United Arab Emirates, began trading at a huge premium to their initial public offering valuation on the Dubai Financial Market Thursday, underscoring both a revival of confidence and what could […]
Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]
ISTANBUL — President Recep Tayyip Erdogan of Turkey said on Monday that several exiled leaders of Egypt’s Muslim Brotherhood who fled to Qatar but lately have come under pressure to leave that Persian Gulf monarchy could perhaps find a new refuge in his country. “If they make any request to come to Turkey, such an application would be assessed and examined,” Mr. Erdogan said, according to a […]
|TAP Special| A lower oil price has now become both an economic and political necessity. This is in view of the complications introduced by the disruption of Middle East politics brought about by recent advances by the Islamic State in Syria and Iraq. Bank of America Merrill Lynch notes in a review of the regional political and economic situation that the threat of a radical Islamic Sunni […]
|By Winfried Weber| German Mittelstand has become a new role model for managers from all over the world. A pilot study of Mannheim Institute of Applied Management Research found that mostly managers from Asia and emerging countries are attracted by the German Mittelstand model and send delegations to learn more about it. They come directly to Germany as the management education programs taught at business schools or […]
[embedded content] It’s no surprise that this smart thermostat is fully funded on Indiegogo. It’s got a clean, simple LCD touchscreen & uncomplicated controls. An app lets you control home heating, AC & energy saving from anywhere using your phone. It also connects with home automation systems like Apple HomeKit & OpenHome. This entry passed through the Full-Text RSS service – if this is your content and […]
When Saudi Arabia lowered its oil prices last week, analysts declared that the No. 1 oil producer was more focused on maintaining its share of a well-supplied global market than on keeping prices at $100 a barrel or higher. AFP/Getty Images “It is fair to say that the kingdom is not in a rush to cut production soon,” said London consulting firm Energy Aspects in a note […]
Two new bigger iPhones, the long-rumored Apple Watch, iOS 8, and a new Apple Pay service introduced at the company’s launch event Tuesday gave fans lots to fawn over. Most of the new products announced by CEO Tim Cook at the event, broadcast live from the Flint Center in Cupertino, California, will be available later this month. But on the Apple Watch, Cook remained coy, saying only […]
By Surojit Mahalanobis Coal mining issues are getting murkier increasingly in the country. Like the previous Congress led-government, the incumbent NDA too seems groping into holed-up challenges and cannot find much light beyond the tunnel. The opportunity is unique this time in the NDA government as the main party BJP is now armed with the single largest mandate, enough to institute its bold decisions, albeit through […]
As political unrest continues to grip the Middle East, it is hardly a surprise that many international investors are wary about the region’s business prospects. Whether that is warranted or not, the International Finance Corporation, a World Bank Group subsidiary that promotes the private sector in developing markets, is trying to change that perception by stepping up its investments in the financial and power sectors. “We have […]
KUWAIT. A recent report issued by KFH Research, a subsidery for KFH Group, sees continued positive outlook for the Kuwaiti construction industry, on the back of strong domestic demand in the Kuwaiti economy and a pick-up in government capital spending. Overview and Outlook “While we remain fundamentally cautious about the country’s medium-term investment outlook, we note that higher growth in bank lending over the last few months […]
NEW DELHI: India’s diverse set of targets and financial incentives support growth of renewable energy generation even as expensive capital keeps renewable costs high, Paris-based International Energy Agency said today. According to IEA, stability of the policy environment and implementation are key for determining the cost and availability of financing for renewables over the medium term. “India’s diverse set of targets and financial incentives support […]
By Casey Hoerth: The news that Kinder-Morgan would be merged into one big, corporate entity has gotten a mixed reaction among retail investors here on Seeking Alpha. Of course, many are rightfully pleased about the run-up in share price: Since the announcement of the merger both Kinder Morgan Partners (NYSE:KMP) and Kinder Morgan Inc. (NYSE:KMI) have seen shares leap up by some 20%. The benefits of Kinder […]
By Bret Jensen: I have made quite a bit of money over the past 12-18 months trading in and out of high yielding upstream energy partnership Linn Energy (NASDAQ:LINE). This was especially true after a couple of negative articles in Barron’s last year alleging “accounting irregularities” knocked the stock down to the low $20s. This held up a pending merger with Berry Petroleum that was eventually blessed […]
West Texas Intermediate traded near the lowest closing price in seven months after speculators cut bullish bets and as supply rises in the U.S., the world’s biggest consumer. Brent was steady in London. Futures were little changed in New York after falling 0.3 percent yesterday. Crude inventories probably shrank by 1.8 million barrels to 360.7 million last week, a Bloomberg survey shows before an Energy Information Administration […]
Occidental Petroleum Corp. (OXY) is in talks to sell a $3 billion stake in a gas field to Abu Dhabi-owned Mubadala Development Co., Petroleum Intelligence Weekly reported, without saying where it got the information. The companies are discussing the sale of as much as 30 percent of the $10 billion Shah natural gas project in the United Arab Emirates, the newsletter reported. Two officials at Mubadala’s media […]
From Pradeep Kapoor LUCKNOW: Mayawati’s decision that her party BSP will not contest by-elections for 12 assembly seats and one Lok Sabha seat in Uttar Pradesh, will help BJP in a big way. It would be worth mentioning here that former chief minister and BSP supremo Mayawati had earlier announced that her party would not contest by-elections as Samajwadi Party will misuse the official machinery in […]
It’s slim, sleek, black and silver, and comes with Bluetooth. But unlike the latest mobile phone, you won’t be showing off the Black Pro 6500 to anyone outside your bathroom. This hi-tech gizmo from Oral-B – which has its own app – is the latest in toothbrush technology, and has a £250 price tag to match. It claims to be able to strip 100 per cent more […]
