News

Dubai / WAM Guinness World Records has officially announced that it recorded the ‘largest continuous concrete pour in the world’ in Dubai with a concrete volume of 21,580 cubic metres for a residential commercial building in Jebel Ali. With this feat, Dubai has retained its own record which it broke last year in Al Barsha South. Observers from Guinness World ...

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), launched its “Dubai Expert” online training initiative for travel agents in 12 languages and 40 countries, taking this innovative game to a wider travel trade audience internationally, as part of efforts to highlight the multiple experiences that await visitors to Dubai across leisure, shopping, cuisine, culture, family ...

Dubai / Emirates Business The Dubai Maritime City Authority (DMCA) showcased the pioneering steps Dubai has taken on the path of international leadership, supported by an advanced position among the top five most competitive and attractive maritime clusters in the world, at the 2017 edition of the Annual International Shipowning and Shipmanagement Summit held on the sidelines of London International ...

Dubai / Emirates Business Dubai Land Department (DLD) appointed UC Forward Marketing as its ‘Real Estate Promotion Trustee’ for the Chinese market. The announcement was made at Cityscape Global, where the two parties confirmed their joint objective of securing AED 1 billion worth of Chinese investment for Dubai’s real estate market. As part of the agreement, UC Forward has established ...

Bloomberg India’s oil consumption in August shrank 6.1 percent, the most since April 2003, as floods ravaged several parts of the country curbing demand for diesel and gasoline. The world’s fastest growing oil consumer used 15.75 million tons of fuels in August, compared with 16.78 million tons a year ago, according to the oil ministry’s Petroleum Planning and Analysis Cell. ...

AGENCIES OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of the Petroleum Exporting Countries said the world would need 32.83 million barrels per ...

Bloomberg Oil steadied near $48 a barrel as refiners on the US Gulf Coast continued to recover following two strikes from Hurricane Harvey, while Irma weakened further after moving inland. Futures slipped 0.5 percent in New York after rising 1.2 percent. US refiners closed by Hurricane Harvey more than two weeks ago continue to restart, including the nation’s largest, operated ...

BASRA / BAGHDAD / Reuters Worsening clashes among tribes and a political void is threatening security at oil installations in Iraq’s main southern oil producing region, officials and security sources said. Iraq has concentrated security forces in the north and west of the OPEC oil producer in the biggest campaign since the US-led invasion in 2003 to retake territory lost ...

DUBAI / Reuters The government of Bahrain is expected to offer investors significant premiums over its outstanding debt when it issues bonds this week because of growing concern over its finances in an era of cheap oil, portfolio managers said. A triple-tranche issue may follow, including a long seven-year sukuk issue maturing in 2025, a 12-year conventional bond and, subject ...

Bloomberg Amazon.com Inc. is hiring by the hundreds in China to fill jobs ranging from internet software engineers to designers for Alexa, positioning the company to recoup some of the market share it lost to Alibaba Group Holding Ltd. in the world’s largest online shopping arena. The online retail giant lists almost 400 Chinese-based openings on its careers website and ...