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Bloomberg BP Plc and state-owned Oman Oil Co. agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project. Block 61 will add 1,000 square kilometers to the original 2,700 square kilometer area of development, BP said Sunday. The ...

When central banks start exploring strange new worlds, the results aren’t always ideal. Quantitative easing wasn’t just a change in monetary policy, but a whole new kind of monetary policy — a journey into the unknown. It isn’t over yet, but there’s already a debate about drawbacks and unintended consequences. With that question far from resolved, another adventure in super-loose ...

India’s premier security think tank, the Institute for Strategic and Defence Analysis (IDSA), just held its first major international conference on cyber security. Its focus on Asian and international perspectives has delivered distinctly Un-American perspectives on security in cyber space. The three-day meeting coincided with the release by President Obama on February 9 of a bold new initiative, the Cyber ...

Dwindling growth indicators for China have been reported extensively in the media in recent months, so much so that little space has been devoted to coverage of growth areas. It turns out that, even as railway transportation of so-called “black goods,” or steel and coal, has fallen, transport of “white goods” for household consumption is up. Indeed, consumption is on ...

New York/ AFP Wall Street is hoping to reset the debate on US corporate governance following a wave of shareholder activism that has challenged many of the biggest companies. Since August, JPMorgan Chase chief executive Jamie Dimon has been working with leaders in finance and investing to hash out guidelines on best practices for corporate governance, according to people familiar ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.16% to close at 4103.90 points. Accordingly the Market Capitalization has gained AED1.06 Billion attaining AED665.7 Billion. A total of 475.98 Million Shares were traded with a total value of 0.55 Billion AED during the trading session of 14-02-2016 through 6181 transactions. The number of companies which has been ...

New York/ AFP The dollar rebounded against the yen as solid US retail sales data and rising oil prices lifted sentiment on global markets after a punishing week. The dollar rebounded 0.8 percent to 113.25 yen around 2200 GMT from the same time Thursday. During the Thursday session, it had fallen to 110.99 yen, its weakest level since October 2014. ...

Sharjah / Emirates Business Tilal Properties, the pioneering Sharjah-based real estate developer, on Sunday revealed that investors from more than 25 countries had so far purchased land plots at Tilal City, the first master-planned community in the emirate. According to the developer, investor’s interest has been driven by the attractive leasehold and freehold investment opportunities in a market traditionally dominated ...

Washington / Bloomberg Mark Zuckerberg won a chance in the legal battle over his backyard privacy to pry further into the past of the developer suing him to try to show that his adversary was engaged in a fraud. The Facebook Inc. co-founder is investigating developer Mircea Voskerician’s testimony that he once had a side business under a different name ...

Dubai / Emirates Business US-based real estate investment manager Amstar and Polish developer BBI Development SA, are undertaking with Savills the international launch of Zlota 44, one of Europe’s tallest and most luxurious residential towers, located on Ulica Zlota (Gold Street) in central Warsaw. Designed by world renowned architect Daniel Libeskind, the iconic 192 metre high 52 storey tower dominates ...