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Jumeirah Golf Estates gets double win at realty awards

  Dubai / Emirates Business Dubai’s Jumeirah Golf Estates, host of the DP World Tour Championship, has taken home two major awards at Indian-based real estate awards ceremony — the World’s Best Realty Brand Awards 2016 Asia, as India is revealed as Dubai’s largest real estate investor group outside of the Arab world. Jumeirah Golf Estates’ high-end collection of villas ...

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Egypt’s solar power upset clouds outlook for investors

  Reuters When Egypt announced plans to develop renewable power in 2014, investors piled in, drawn by year-round sunshine and chronic electricity shortages. Two years on, many projects have stalled, hitting confidence among foreign investors Egypt sorely needs. Developers who prequalified for solar and wind projects under attractive feed-in-tariff (FiT) schemes say they face delays and currency risks while wrangling ...

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Crude slump sees oil majors’ debt burden double to $138bn

  Bloomberg When commodity prices crashed in late 2014, oil executives could look at their mining counterparts with a sense of superiority. Back then, the world’s biggest oil companies enjoyed relatively strong balance sheets, with little borrowing relative to the value of their assets. Miners entered the slump in a very different state and some of the world’s largest — ...

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