India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of a round of purchases by the world’s fourth-biggest oil consumer to build up emergency stockpiles. Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus. The sources said […]
|By TAP Staff| According to a new study by The Boston Consulting Group (BCG), the banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10.0 percent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury. Based on the banks’ 2014 annual results released in the first quarter of 2015, the newest […]
Prince Bishop, ridden by William Buick, won the $10 million Dubai World Cup by two and three-quarter lengths on Saturday as the 12-1 outsider sprinted clear of California Chrome, the 2014 American Horse of the Year. California Chrome, ridden by Victor Espinoza, was the 6-4 favorite to triumph in the world’s richest horse race, but the Kentucky Derby and Preakness champion could only finish second, one and […]
Snacks for the trip or post-workout nutrition will be be easier to organize & take with you in GoStak portable food storage containers. Made of durable Eastman Tritan plastic, they twist & lock together into a neat stack that fits nicely in your bag or backpack. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s […]
This electric bike seems like a real humdinger. It cruises along at 55mph & its Li-Ion battery boasts a 60-mile range on a full charge. It features electronic suspension, disc brakes, 26” Carbon wheels, plus an integrated iPhone holder & iOS app helps you track your ride routes as well controlling power/pedaling modes. This entry passed through the Full-Text RSS service – if this is your content […]
Dubai’s Amlak Finance will hold a shareholder meeting on April 16 to seek their approval for lifting a six-and-a-half year trading suspension on the mortgage lender’s shares, according to a bourse filing on Wednesday. If shareholders agree, the board will then seek permission from the “concerned authorities” to resume trade and determine a date to do so. Trading in Amlak, 48 percent owned by Dubai’s biggest developer […]
The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots. Simple refineries that process crude into fuel oil are scaling back, because when oil prices slump, the government reduces the discount that these refiners — known as teapots to those in the industry — get for exporting fuel. They use less crude, freeing it up for sale abroad, which […]
Yahsat, a UAE-based satellite operator – a wholly owned company of the Mubadala Development Company, has unveiled a new training programme as part of its partnership with Orbital ATK Corporation, the manufacturers of Yahsat’s third satellite, Al Yah 3. The programme will see 15 UAE national engineers from Yahsat work alongside top industry experts for a period of six months, at varying time periods during the satellites […]
DOHA, 23 hours, 10 minutes ago Kuwait’s real gross domestic product (GDP) has been projected to slow this year as the government cuts subsidies before recovering in the next two year as major development projects get underway, according to a report. QNB Group’s ‘Kuwait Economic Insight 2015,’ examined recent developments and the outlook for Kuwait’s economy. Kuwait is well placed to withstand lower international oil prices with […]
The Nomad battery pod is small enough to fit in your pocket & features an 1800 mAh lithium polymer battery with enough power to charge your Apple Watch 4 times. It will also charge other USB devices with its integrated Type A & Type C USB ports. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone […]
Dubai Investments, a diversified Gulf-based investment group, plans to float shares in at least one subsidiary next year and could also divest other holdings, its chief executive said on Monday. The firm, which reported a 63 percent rise in annual profit to 1.34 billion dirhams ($364.8 million) last year, has primed three subsidiaries – in financial services and property, plus district cooling firm Emicool – to potentially […]
As OPEC ‘s refusal to curb oil production contributes to a nine-month plunge in prices, a new paper suggests the group’s days may be numbered. OPEC, the Organization of the Petroleum Exporting Countries, has vowed to defend its market share against higher-cost producers such as U.S. shale drillers and companies developing Canada’s oil sands. Its strategy hinges on the odds that an extended period of low prices will lead other producers to […]
Dubai’s Drydocks World, owner of the Middle East’s largest shipyard, will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, two sources aware of the matter said on Sunday. The move comes as Dubai World, a state-owned conglomerate which is also Drydocks’ parent company, is close to finalizing a revision of its own $14.6 billion debt pile which stems from […]
The proposal by Dubai Municipality to introduce mandatory affordable housing quotas for all new residential developments in Dubai is long overdue and is expected to bring a wide range of benefits to the emirate, while driving further maturity in the market, according to leading international real estate consultants, Cluttons. With the residential market in Dubai now meandering through the second half of the current property cycle and […]
[embedded content] You’re looking at the world’s first mechanical smartwatch hybrid. The 46mm stainless steel case features an automatic Japanese movement or optional Swiss movement as well as a TOLED full-color display and functions like: push alerts, notifications for text & email, remote control for your phone or computer, plus a variety of fitness functions. This entry passed through the Full-Text RSS service – if this is […]
You would stop & stare at these bikes on the wall. The latest from the Filmography Series is the Motorcycles poster, a 24” X 36” archival print featuring 79 intricately detailed hand-illustrations of the most iconic motorbikes from film & TV. The choppers from Easy Rider, the Kawasaki from Top Gun, Prince’s Honda from the Purple Rain video, and so on. This entry passed through the Full-Text […]
Falcon Private Bank is open to buying rivals as it expects a wave of consolidation in the industry due to more onerous regulations, its global head of private banking said on Wednesday. Swiss-based but Abu Dhabi-owned Falcon would be open to deals covering its core target markets of the Gulf, Eastern Europe, Africa and South East Asia, according to Erich Pfister, who took up the role in […]
Kott Mototrcycles is an LA–based garage specializing in restoration & fabrication based around Honda’s iconic 70s-era CB bikes. Their super-clean custom café builds highlight the motor & mechanics while simplifying the outline and frame geometry. The result: 40-year old CBs that look like they just rolled off the showroom floor. This entry passed through the Full-Text RSS service – if this is your content and you’re reading […]
Every state in the union has good local beer and with the Beer Cap Map you can display your favorites from coast to coast. Made from real wood in the beer-friendly state of Wisconsin, Beer Cap Maps are currently available in a map of the whole USA as well as 48 individual states—Alaska & Hawaii are coming soon. This entry passed through the Full-Text RSS service – […]
The BBC’s headquarters in London Photo: AP The BBC’s director-general, Tony Hall, is a man in a hurry. As one of the oldest DGs to be appointed, and already in receipt of his BBC pension, the 64-year-old is acutely aware that the corporation’s charter has less than two years to run, and that the licence fee – the BBC’s bedrock for the 93 years of its existence – […]
Doha’s Khalifa International Stadium.Image: Qatar 2022 Supreme Committee November/December ‘the best World Cup option’ LONDON, 4 days ago By Mike Collett The Fifa Task Force set up to recommend the best time of year to stage the 2022 World Cup in Qatar were always in an impossible position, from the moment they sat down to consider the options. But Tuesday’s recommendation to stage it over November and […]
By Se Young Lee and Harro Ten Wolde SEOUL/BARCELONA Mon Mar 2, 2015 9:39am IST 1 of 5. A hostess displays the Galaxy S6 edge smartphone at the Samsung Galaxy Unpacked event before the Mobile World Congress in Barcelona March 1, 2015. Credit: Reuters/Albert Gea SEOUL/BARCELONA (Reuters) – South Korea’s Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones, featuring a slim body made from aircraft-grade […]
Gold imports by India, the world’s biggest consumer, are poised to surge after Finance Minister Arun Jaitley belied industry expectations for a reduction in tax. Overseas purchases may jump to 100 metric tons in March from about 25 tons in February as jewelers and traders, who delayed purchases in anticipation of the tax cut, replenish stockpiles, Rajesh Mehta, chairman of Rajesh Exports Ltd., said by phone from […]
By Edward Taylor and Jan Schwartz GENEVA Sun Mar 1, 2015 11:43pm IST Customers gather for the opening of an Apple Store in Hangzhou, Zhejiang province, January 24, 2015. Credit: Reuters/Stringer/Files GENEVA (Reuters) – The main talking point at this week’s Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world’s automakers will gather in the Swiss city […]
