The peaks of fine dining just keep getting higher and higher. A caravan of roving chefs and their 15 guests is currently making its way up the Himalayas toward the base camp at Mount Everest, where, 17,500 feet above sea level and amid the lashing winds and bone-penetrating chill of the Nepalese winter, food will be served. The One Star House Party, as the project has been […]
newslide Dubai set to become online creation hub Dubai is set to join the world’s leading ‘content creation’ hubs following the revelation at Diff 2016 that YouTube is set to open a YouTube Space in Dubai Studio City. What is a YouTube Space, I hear you ask. According to Jamal Al Sharif, head of Dubai Film Commission and Dubai Studio City, it is everything the UAE needs […]
Miral partners with SeaWorld to create a next-generation marine life theme park and the UAE’s first Marine Life Research, Rescue, Rehabilitation and Return Center by 2022 13 December 2016 UAE – Miral and SeaWorld Entertainment, Inc. (NYSE:SEAS) (“SeaWorld”) today announced their partnership to develop SeaWorld Abu Dhabi, a first-of-its-kind marine life themed park on Yas Island. This next generation SeaWorld Abu Dhabi will also include the United […]
Almost 3,500 individuals and companies in the Panama Papers are probable matches for suspected criminals including terrorists, cybercriminals and cigarette smugglers, according to a document seen by the Guardian. The analysis, which was carried out by Europol, the EU’s law enforcement agency, sheds more light on the breadth of criminal behaviour facilitated by tax havens around the world. “The main point here is that we can link […]
Demand for oil will outstrip supply in the next six months as long as Opec and countries outside the cartel can implement a deal signed over the weekend to lower output, according to one of the world’s leading energy forecasters. The International Energy Agency said the planned production cuts, which add up to 1.8m barrels a day, could reduce stockpiles by as much as 600,000 b/d over […]
Following Friday’s report by RCB’s Charlie McElligott which sought to answer “THE” question every investor is asking, namely “what could derail this rally“, today’s the cross-asset strategist has released a follow up analysis in which he warns that even though the bond battering continues – and is likely to continue for a while – the market is now being set up for a “massive mean-reversion” counter-trend rally […]
Exchange traded funds have led to excessive trading and changed the way the stock market works, according to the man widely regarded as the father of passive investing, who is now calling for politicians to re-examine the sector. Writing in an opinion piece for the Financial Times, Jack Bogle, the founder of the Vanguard Group, the world’s largest passive manager, complains that the annual turnover of shares […]
The Chinese government has warned Donald Trump that the two countries will have “nothing to discuss” if the US president-elect’s incoming administration decides to discard the four-decade old “One China” policy. “Adherence to the One China policy is the political bedrock for development of [bilateral] relations,” Geng Shuang, a foreign ministry spokesman, said on Monday. “If compromised, there will be nothing to discuss on co-operation in major fields.” […]
The first global crude supply pact in 15 years has underlined the growing energy alliance between Saudi Arabia and Russia, as the depth of the two-year oil slump forces co-operation between once unlikely partners. Russia led the main oil producers from outside the Opec cartel, including Mexico and Kazakhstan, in a deal signed this weekend to reduce supply by 568,000 barrels a day — with Moscow, the […]
During the gradual rapprochement between the US and Muammer Gaddafi’s Libya in February 2007, Rex Tillerson visited the country and met its leader in his traditional tent. As chief executive of ExxonMobil, the world’s largest listed oil company, Mr Tillerson had an interest in opening up access to Libya’s vast reserves, but his visit was also a milestone in the progress towards normal relations with the US. […]
DUBAI // Dubai has invested Dh120m in 19 projects in the first stage of the emirate’s Future Accelerators Programme, which ended on Sunday. The investments are in projects in education, health, infrastructure, transport, technology, energy, and security. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, is “leading a government system that encourages unconventional thinking to achieve unprecedented results”, said Mohammed Al Gergawi, managing director of […]
Luke Hemsworth has just played a prominent part in one of the TV events of the year – Westworld, HBO’s TV adaptation of Michael Crichton’s 1973 techno-noir thriller movie. The sci-fi drama is about an amusement park populated by lifelike robots who start to develop consciousness and become self aware. The show takes the basic idea behind Crichton’s film – robots run amok at a theme park […]
In the past 70 years, the world’s population tripled to more than seven billion and average global temperature increased by nearly one degree Celsius. Population growth and climate change are associated with big challenges facing modern agriculture. New research combines computer science and biology to identify genes that make plants more resistant to stress factors, such as drought and saline soils. (via WSJ)
Rick Telander admits he has an addiction. “I read three to four hours each day,” Telander said. “Sometimes as much as eight hours. I can’t stop myself. I am addicted to the English language.” Naturally, Telander jumped at the opportunity to be the editor of “The Best American Sports Writing: 2016.” The annual anthology, overseen by series editor Glenn Stout, should be a must-read for every sports […]
Dylan breaks Nobel prize silence Bob Dylan has expressed awe at receiving the Nobel Prize in literature and thanked the Swedish Academy for including him among the “giants” of writing. Dylan was absent from Saturday’s award ceremony and banquet in Stockholm. But in remarks read by the US ambassador, he alluded to the debate about whether the award should go to a songwriter. Dylan said when Shakespeare […]
PTI BOGOR (INDONESIA)President Joko Widodo Saturday said Indonesia and India must cooperate closely in the key areas defence, security and counter-terrorism as no country is immune to a terror attack and also sought stepping up of bilateral trade ties.“I am very much looking forward to have discussions with Prime Minister Modi,” Widodo told PTI in an interview ahead of his state visit to India, beginning Monday.Widodo said […]
Photo Alexander Novak, Russia’s energy minister, left, with Khalid Al-Falih, Saudi Arabia’s energy and industry minister, after OPEC members and 12 other countries met in Vienna, Austria, on Saturday. Credit Lisi Niesner/European Pressphoto Agency Russia and other oil producers agreed on Saturday to join OPEC nations in a rare, coordinated reduction in oil output meant to lift petroleum prices and revenues to shore up their sagging government […]
International retail franchise operator MH Alshaya Co is preparing to open 32 brands at the new Mall of Qatar, which is set for a soft opening on December 10. Alshaya’s portfolio at the mall will include eight brands that will be making their debut in Qatar. The brands opening for the first time in Qatar include The Cheesecake Factory, Victoria’s Secret, Texas Roadhouse, Le Pain Quotidien, Bridgewater […]
Photo President Recep Tayyip Erdogan of Turkey visiting the mausoleum of an Islamic scholar in Samarkand, Uzbekistan, last month. Credit Pool photo by Kayhan Ozer, via Associated Press ISTANBUL — Almost a century after the disintegration of the Ottoman Empire, Turkey’s president, Recep Tayyip Erdogan, and his supporters believe that they can restore the empire’s former glory. Stroll through the streets of any Turkish city and you […]
In early 2009, roughly at the time when this blog was launched which coincided with the start of the greatest monetary experiment of all time, we warned that there are two ways it will end: either in hyperinflation, or a deflationary supernova, the failure of currency and, eventually, barter. Now, almost 8 years later, some of the world’s top hedge funds are in agreement, and they are […]
This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]
Opec’s first supply cut in eight years looks set to earn the 13-member cartel an extra $5bn a month in revenues. The 15 per cent rally in oil prices since last Wednesday’s agreement looks like an impressive return from a marginal cut in output, even if the deal was months in the making. Beyond the headline price reaction the market has thrown Opec a curve ball. Oil […]
La Ruta de Los Conquistadores, a three-day race across Costa Rica, pits participants against steep climbs, muddy trails and waterways that may or may not contain crocodiles. NYtimes
Donald Trump wants Wilbur Ross, the billionaire investor tapped for Commerce secretary, to oversee his trade policy, in a controversial move that could spark a battle between the incoming administration and Congress. Mr Trump has agreed to give Mr Ross, a close friend, responsibility for handling one of his signature campaign issues, the Financial Times has learnt. The move, which would cut the influence of the US […]
