Dubai / Emirates Business Construction industry experts and government officials assembling in Dubai next month will tackle the threat of fires in the region, an issue highlighted by recent blazes in high-rise towers. The latest statistics, published this month by Guardian Wealth Management, a global financial planning company, claim that up to 80 percent of expatriate residents living in ...
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Sharjah tourism promotes Emirate as year-long destination
Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority carries on with its Summer Campaign programme in a bid to position the emirate as a year-long destination for families in the region and the world. GCC countries have proven a prime source market for the emirate’s tourism sector; the region topped the list of visitors to Sharjah as ...
Read More »A glimpse of Taj Mahal at Dubai’ Legoland
Dubai / Emirates Business To celebrate Independence Day of India on 15 August 2016, Legoland® Dubai, part of Dubai Parks and Resorts, has for the first time shared a sneak peek into one of its most highly anticipated attractions- MINILAND- with the unveiling of the stunning Taj Mahal LEGO® model. The impressive and realistic model is made from 280,741 ...
Read More »Oil bulls take heart as OPEC rekindles hopes
Bloomberg All it took was a few words from OPEC to encourage oil bulls. Money managers increased wagers on rising crude prices by the most since January as futures rebounded from a three-month low. Prices jumped after OPEC’s president said August 8 the group will hold informal talks in Algiers next month. “The statement certainly achieved its purpose,†said ...
Read More »Santos flags $1billion Gladstone LNG charge on gas supply
Bloomberg Santos Ltd. will take a $1.05 billion writedown on its Gladstone LNG project due to rising prices for third-party gas supplies and slower-than-expected ramp up of its own equity output to feed the export project. The non-cash charge on the liquefied natural gas development in Queensland, which is $1.5 billion before taxes, will be recorded in its half-year ...
Read More »Egypt considers wheat storage program as Algeria waits in wings
Bloomberg Egypt, the world’s largest wheat importer, is being asked to consider a wheat storage program offered by a U.S. company before Algeria gets a chance to grab the $250 million investment. Blumberg Grain expects to reach an agreement with Egypt in the next two weeks to expand its wheat storage network, according to a company statement issued Sunday. ...
Read More »Qatar central bank offers bonds in first domestic riyal sale this year
Reuters Qatar’s central bank is offering 3 billion riyals ($825 million) of government bonds in its first domestic bond sale this year, suggesting liquidity conditions are easing in a banking system pressured by low oil and gas prices. A central bank official said results of the offer would be known on Tuesday. If it succeeds, it would be the ...
Read More »Japan’s economic growth fizzles out in Q2
AFP Japan’s economy stagnated in the second quarter, data showed Monday, falling below expectations and rekindling worries about the government’s faltering bid to stoke a recovery. Growth in the world’s third largest economy was flat at 0.0 percent quarter-on-quarter, missing economists’ predictions for a 0.2 percent expansion in the April-June period as weak exports and a fall in business ...
Read More »Singaporeans worried over jobs, pay
Bloomberg Singaporeans are the most pessimistic about the economy in seven years as they’ve grown more gloomy about their quality of life, their income and job security. Mastercard’s consumer confidence index for the city-state plunged to 33.6 in the first half of 2016, down from 44.3 for the previous six months, the company said in a statement on Aug. ...
Read More »Thai economy expands beyond expectations
Bloomberg Thailand’s economy grew more than analysts estimated in the second quarter as the military government accelerated spending on road and rail projects to help offset weak demand for the nation’s exports. Gross domestic product expanded 3.5 percent in the three months through June from a year earlier, the National Economic and Social Development Board said in Bangkok Monday. ...
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