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9531 - 9540 from 16533 . In "BUSINESS"
‘Balanced and stable’ oil market needs innovative finance models
ABU DHABI – The oil and gas industry must secure more than $10-trillion worth of investment over the next 22 years if it is to meet the forecast growth in demand for energy and industrial petroleum-based products.According to figures from the OPEC World Oil Outlook 2040, the total oil and gas value chain will need around $10.5 trillion in funding between 2017 and 2040, calculated in 2016 dollars, to achieve a ‘balanced and stable’ oil market. This includes $7.9-trillion invested in upstream production, or around $328-billion per year. Downstream industries will need around $1.5-trillion, with around $915-billion of that going just to repair and maintenance, and the midstream sector around $1.1-trillion.To meet the funding challenges of the future, the 2018 edition of the world’s...
November 13, 2018

‘Balanced and stable’ oil market needs innovative finance models

Oil prices head south
LONDON — Oil prices have fallen sharply since passing a cyclical peak at the start of October, amid surging production and mounting concerns about the state of the global economy and the outlook for consumption growth in 2019.Front-month Brent futures prices have dropped by more than $17 per barrel (20 percent) over the last five weeks while WTI futures prices have declined for a record 11 days in a row.OPEC and its allies, who were talking about increasing production as recently as October to offset the impact of sanctions on Iran, are now openly discussing the need for output cuts to avert a build-up in stocks.Some commentators have expressed surprise at the rapid turn round in the market outlook for under- to oversupply but in fact such shifts have been fairly common.The prospective...
November 13, 2018

Oil prices head south

Dubai set to become global capital for luxury yacht marinas
DUBAI — Dubai is poised to become a global capital for luxury yacht marinas as it continues to attract international companies to invest in the vital sector and capitalize on its growth opportunities, locally and regionally. In partnership with Dubai Holding, Meraas on Tuesday announced that it has signed an agreement with D-Marin, operator of the largest chain of marinas in the Eastern Mediterranean in six major international destinations, to attract international investments in the yacht sector and various supporting sectors and to promote Dubai as the preferred destination for luxury yachting and boating internationally. The joint venture agreement was signed at MB92 premises in Barcelona by Abdulla Al Habbai, Group Chairman of Meraas and Chairman of Dubai Holding, and Ferit...
November 13, 2018

Dubai set to become global capital for luxury yacht marinas

TOUS_HOLD 2
HOLD Collection
THE slogan “One jewel… infinite looks”, is the inspiration for the creation of Hold, the star collection for FW18 that brings continuity to the mix & match concept of the last few seasons.Hold is in essence a very simple system, which allows for the mixing and matching of individual pieces by means of a ring that can be opened, either to turn them into completely different pieces or to modify their design. This collection permits the creation of your own customized jewelry that you can adapt to suit the occasion, making you the designer of a magical and unique piece. At a stroke, a necklace can be turned into a pair of bracelets and a pair of versatile earrings – a jewel for you to ring the changes day by day. This collection, which combines different noble metals (gold, sterling...
November 13, 2018

HOLD Collection

Ameena  Al Abdouli, Manager, Environmental Lab & Infrastructure, FANR, delivers her remarks
FANR releases first annual report on UAE’s radiological environmental monitoring
THE Federal Authority for Nuclear Regulation (FANR) has released its first annual report on Radiological Environmental Monitoring in the United Arab Emirates. The report establishes the baseline level of radiation either from naturally occurring or from man-made radionuclides sources in the UAE and reveals that in general the radiation dose rates are very low when compared to most other countries in the world.The report summarizes the results of the first year of FANR’s comprehensive Radiological Monitoring Program, covering January 1 – December 31, 2015. The program was established as a result of FANR’s role as the UAE’s independent nuclear regulator and its responsibility and authority to monitor radiation levels in the UAE and advise relevant government entities on the radiation...
November 13, 2018

FANR releases first annual report on UAE’s radiological environmental monitoring





Mishal Al Hokair
Al-Hokair takes entertainment concepts to IAAPA show in US
AL Hokair Entertainment, one of the leading family entertainment organizations in the region, has taken some of the home-grown entertainment concepts to Orlando, Florida at the IAAPA show. With 91 active entertainment centers, under Al Hokair’s key entertainment brand ‘Sparky’s’, the company is now aggressively embarking on developing comprehensive virtual reality (VR) gaming zones. Companies from around the world will debut the latest products, services and technology in the global attractions industry at IAAPA Attractions Expo 2018 in Orlando, Florida, on Nov.13-16. “We are delighted to be here at IAAPA, one of the largest shows for the themepark and amusement industries. We wanted to showcase our expertise and also learn from the global industry stakeholders who have...
November 13, 2018

Al-Hokair takes entertainment concepts to IAAPA show in US

Atif A. Abdulmalik
Arcapita buys industrial realty portfolio in the US
ARCAPITA, a global leader in Shariah-compliant alternative investments, has acquired a seven-property industrial real estate portfolio in Cleveland, Ohio.The Cleveland portfolio comprises 655,000 square feet of high-quality industrial assets within the metropolitan area and is occupied by a diverse range of creditworthy tenants operating in the logistics, technology, and assembly space.Arcapita has partnered with Weston, an Ohio-based real estate owner-operator, with a strong history in Cleveland and the wider Mid-west. Weston will maintain a joint-venture investment in the portfolio and will serve as the leasing and managing agent.The acquisition is part of Arcapita’s broader US industrial real estate strategy targeting quality assets within the last mile and light industrial...
November 13, 2018

Arcapita buys industrial realty portfolio in the US

Virgin Mobile ranks first with lowest number of complaints
VIRGIN Mobile Saudi Arabia is the lowest provider in terms of the number of complaints made by customers against telecom operators, compared to other telecommunications companies for the sixth time in a row since 2017, CITC said in its latest report on complaints index.Virgin Mobile reaffirms its commitment in supporting customer experience as a basis for customer satisfaction.The CITC indicator shows the number of complaints for every 100,000 subscribers, indicated that Virgin Mobile Saudi Arabia, which has a customer base of 2.8 million subscribers, ranked first in terms of recording the lowest number of complaints on mobile services among all other telecommunications service providers in KSA.Commenting on this achievement, Fouad Halawi, Chief Executive officer at Virgin Mobile Saudi...
November 13, 2018

Virgin Mobile ranks first with lowest number of complaints

Jeddah Trident Hotel hosts ‘Indian Thali Food Festival’
JEDDAH Trident Hotel is hosting the “Indian Thali Food Fest” every Thursday at a very reasonably priced SR.59/+5% VAT per head upon prior reservations.The menus boast of various vegetarian and non-vegetarian delicacies including starters, main course and desserts beautifully arranged in small cups in a copper tray along with decoration. Feel the real taste of India’s strength, diversity and culture through its authentic and mouth-watering cuisine.Speaking about the event, Business Development Manager Elias Pasha said “Indian Thali Food Fest is part of the hotel’s continuous efforts to offer something special and exciting to our esteemed guests, making it a memorable experience for them.” In an effort to create multi-race ambiance, the staff are clad in traditional Indian...
November 13, 2018

Jeddah Trident Hotel hosts ‘Indian Thali Food Festival’




UAE’s Energy Minister Suhail Mohammed Faraj Al-Mazroui (L), Saudi Energy Minister Khalid Al-Falih (C) and OPEC Secretary General Mohammed Barkindo attend the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on Monday in the Emirati capital. — AFP
Oil prices climb as Falih calls for 1m bpd global output cut
Abu Dhabi — Oil prices climbed on Monday as the world’s biggest supplier Saudi Arabia announced plans to cut production.Saudi Arabia’s Energy Minister Khalid Al-Falih said Monday that oil-producing nations should cut output by one million barrels per day to re-balance the market.“The technical analysis we reviewed yesterday shows that we need a reduction approaching one million bpd to balance the market,” he told an energy conference in Abu Dhabi.The proposed reduction is from October production levels, Falih said.Oil prices rose more than 1 percent on Monday, set for their largest one-day increase in a month after the Saudi comments.Both Brent Crude and West Texas Intermediate (WTI) saw gains of more than a dollar per barrel.Falih said Saudi Arabia would cut its production by...
November 12, 2018

Oil prices climb as Falih calls for 1m bpd global output cut

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