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Dubai has secured $3 billion credit facilities for the expansion of its two airports. The Department of Finance for the Government of Dubai, the Investment Corporation of Dubai and Dubai Aviation City Corporation, advised by HSBC, announced the funding agreement and the establishment of Airport Financing Company FZE (FINCO), the long-term funding platform for Dubai Airports, according to news agency WAM. The financing will be used for […]

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 […]

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 […]

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 […]

Young professionals interested in pursuing careers in the arts will now be able to apply for a fully sponsored internship at one of the world’s most prestigious museums. Thanks to a new partnership between Alserkal Avenue and the Peggy Guggenheim Collection in Venice, one successful applicant will travel to Italy for a three-month summer internship every year for the next six years – with the first intern […]

India’s $1.6tn stock market broke new ground last week, with the benchmark index hitting an all-time high as confidence builds that the government’s reform agenda will strengthen growth and corporate earnings. But the stock market’s 14.9 per cent rally since January 1 has divided opinion among fund managers who disagree over whether Indian equities can make further gains. “The most common question that I am asked by […]

BP is suing one of its former US oil trading analysts for allegedly stealing company secrets, in a case that shines a light on the importance of proprietary data to the world’s largest oil traders. In a filing in the United States Northern District of Illinois, BP’s trading division alleges that Joseph Giljum, a crude oil analyst at its Chicago office until last month, uploaded “large volumes” […]

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Paul IS THAT YOU!?Image: paul mccartney/instagram By Nicole Gallucci2017-05-13 22:26:20 UTC Yo ho yo ho, it’s apparently going to be a pirate’s life for McCartney!  Paul McCartney — yes, Sir Paul McCartney from The Beatles, that’s the guy — on Sunday posted a photo of his Pirates of the Caribbean: Dead Men Tell No Tales character, which was announced last March. McCartney will be starring in the […]

Nearly 70 years after he produced Hong Kong’s first plastic duck, toy industry veteran LT Lam’s factories in China now churn out everything from Transformers to Play-Doh. But with costs rising in China and the industry fragmenting because of technological advances and changing consumer tastes, the 93-year-old worries that Hong Kong could lose its decades-long role at the heart of the global toy industry. “We started with […]

Readers are familiar with the various microwave and laser arrays located at the real New York Stock Exchange in Mahwah, New Jersey, both of which we have written about in the past. Microwave tower located next to the NYSE in Mahwah, NJ. This article, however, is not about the familiar antennas off Route 17 in New Jersey. Instead, demonstrating to what lengths the high frequency traders will […]

The Middle East’s first wellness destination resort will be developed in Qatar by Msheireb Properties, a subsidiary of Qatar Foundation for Education, Science and Community Development. The developer said Zulal Wellness Resort will bring “health wisdom from across the world together with traditional Arabic and Islamic wellness principles”. “The ‘luxeclusive’ concept delivers global luxury standards while preserving traditional family values to ensure every visitor’s needs are addressed,” […]

Europe’s investment community has barely had time to breathe a sigh of relief following Emmanuel Macron’s victory in the French presidential elections before starting to fret about other latent threats to the eurozone. Some investors have hailed the election — in which Mr Macron, a pro-EU liberal defeated Marine Le Pen, the Eurosceptic rightwing candidate — as a sign that Europe’s economic recovery remains on track. This […]

Technology and media confluence sets #AJTechSummit top trending on social media for two days May 11, 2017 – Doha, Qatar Held under the patronage of His Excellency Sheikh Hamad bin Thamer Al-Thani, Chairman of Al Jazeera Media Network, AJMN’s “Future of Media – Leaders’ Summit” concluded today at the Ritz Carlton Hotel in Doha. The Summit, the first of its kind in the region, prominent figures and […]

Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the US. The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into US infrastructure, according to people familiar with the matter. The investment may be unveiled as early as next week to coincide with Trump’s visit to the kingdom, said the people, […]

At the end of April, Dubai added yet another acquisition to its steadily growing list of attributes. No longer just a city, an emirate, a tourist destination or even home to the world’s tallest building, the city now also has its own official typeface, the Dubai font. The product of a two-year partnership between the Dubai Executive Council, the computer giant Microsoft and Monotype, the owner of […]

OIAPOQUE, Brazil – Deep beneath the waters of the Atlantic off Brazil’s most northern coast, French major Total SA is hunting for what it hopes will be Latin America’s next big oil discovery. Metal drill bits, pipes and containers filled with equipment sit in the tropical port of Belém, near the mouth of the vast Amazon River, ready to sink the first exploratory wells 120 km (75 […]

Aldar Properties has signed a partnership agreement with Al Fahim Group to bring the world’s first Mercedes-Benz and AMG showroom and express service centre to Yas Island. Construction is scheduled to start in the fourth quarter of 2017, with handover to Al Fahim Group in early 2019, Aldar said in a statement. The 5,900 sq m Mercedes-Benz and AMG showroom represents a sizable portion of the gross […]

The lead actors of Disney and Cameron Mackintosh’s hit musical, “Mary Poppins”, were pictured in their full costume at Burj Khalifa, the world’s tallest tower. Having flown onto the Dubai Opera stage for the first time last week, the international hit musical “Mary Poppins” is currently running on the Dubai Opera stage until May 25. Leading the cast in the role of “Mary Poppins” is Zizi Strallen, […]

Authored by Whitney Webb via TheAntiMedia.org, When the U.S. overthrew the Taliban in the wake of 9/11 as part of its newly launched “war on terror,” it set the stage for the explosive growth of Afghanistan’s dying opium industry. A few short months before the invasion took place, the Taliban made headlines for having “dramatically ended the country’s massive opium trade” after the leader of the fundamentalist […]

Jonathan Hunt, Vox Media’s former vice president of international operations, has left the digital news publisher for a job leading National Geographic’s audience development and digital strategy. Hunt’s hire is part of an expansion of National Geographic’s digital team. Also new at National Geographic will be Marcus East, formerly the digital director at retail company Marks and Spencer, who will be executive vice president of product and […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Sean Hannity, the eight-figure archetype of selective moral outrage, last night charged the press with going “completely insane” over the James Comey firing. Hannity accused it of “selective moral outrage,” proving it takes one to know one amid wall-to-wall Comey […]

Saudis often liken Aramco, the kingdom’s state oil company, to a fat cow or productive hen. The company has for decades been the bedrock of the economy and the enabler of the government largesse to which Saudis have grown accustomed. Now its future has become a source of concern as disquiet grows over plans by Mohammed bin Salman, the deputy crown prince, to sell a 5 per […]

The World Health Organization, the public health arm of the United Nations, reported 2,022 suspected cases of cholera and acute watery diarrhea in Yemen from April 27 to this past Sunday, including at least 34 deaths. Continue reading the main story Cholera has long been an underlying risk in Yemen, but it subsided during the cold winter months this year. With the sudden spike of cases, health […]

DUBAI, May 9  Expo 2020 Dubai has chosen leading global logistics firm UPS to handle the logistics operations for Expo 2020 Dubai, which is expected to attract millions of visitors over its six-month duration. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the next World Expo will be one the most complex logistics projects UPS has tackled. As […]

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