Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq), has announced exclusive updates about ten latest additions to its portfolio of hospitality projects and eco-destinations at World Travel Market 2018, (WTM) which rolls out on Monday, at the ExCeL in London, UK, and will conclude on November 7. Exhibiting at the Sharjah Pavilion led by Sharjah Commerce and Tourism Development ...
Read More »Abu Dhabi summit to boost conservation prospects for Houbara
ABU DHABI / WAM The International Fund for Houbara Conservation (IFHC), on Sunday in Abu Dhabi hosted an international summit dedicated to the conservation of the Houbara bustard, a bird synonymous with Arabic culture. The summit, ‘Conservation Through Government Action’, was officially opened by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment. In his opening address, Dr ...
Read More »Italian coalition’s turmoil deepens with Salvini’s surge
Bloomberg Tension inside the Italian government mounted over the weekend as Italy’s League widened its lead in public support over its partner in the populist coalition. Giancarlo Giorgetti, a League member and key aide to leader Matteo Salvini, warned that the government could be at risk of falling apart if the parties focus only on polling results, according to an ...
Read More »Egyptian forces kill 19 involved in attack on Coptic Christians
Bloomberg Egyptian security forces killed 19 militants suspected in a weekend attack on a busload of Coptic Christians, the Interior Ministry said on Sunday. Photos released by the ministry showed several of the suspected militants dead on the ground, as well as personal belongings including posters bearing the logo of IS. The attack on Friday, claimed by the extremist group, ...
Read More »May strikes EU deal to keep UK in customs union
Bloomberg Theresa May has secured concessions from Brussels that will let her keep all of Britain in a customs union with the European Union to avoid a hard border in Northern Ireland, the Sunday Times reported, without saying where it obtained the information. The move could win over some opposition Labour lawmakers and increase the chances of getting a Brexit ...
Read More »No evidence to back Kavanaugh allegations, says Senate panel
Bloomberg The Senate Judiciary Committee found “no credible evidence†to support allegations against Supreme Court Justice Brett Kavanaugh that were presented during his confirmation process. “This was a serious and thorough investigation that left no stone unturned in our pursuit of the facts,†said Iowa Senator Chuck Grassley, chairman of the committee, in a statement about the report on the ...
Read More »Bolsonaro taps astronaut, car wash judge for Brazil cabinet
Bloomberg When Donald Trump called to congratulate Brazil’s president-elect on Sunday, neither spoke the other’s language. Luckily, among Jair Bolsonaro’s well-wishers in the room, was a 24-year-old YouTube personality who was ready to offer his English skills to bridge the translation gap. That was just the start of a week marked by off-protocol improvisation. The former Army captain was elected ...
Read More »Shell steps up buybacks as cash flow increases with crude price
Bloomberg Royal Dutch Shell Plc stepped up its share buyback program as cash flow surged on higher crude prices, even as profit fell slightly short of expectations. Cash flow from operations including working capital movements was $12.09 billion in the third quarter, the highest since 2014. The company said it will repurchase $2.5 billion of shares up to January 28, ...
Read More »Encana arouses investor ire with US expansion
Bloomberg Encana Corp. agreed to buy US shale producer Newfield Exploration Co. in its largest-ever acquisition, inflaming investors’ ire by reversing course on a strategy of slimming down its oil and gas portfolio. The $5.5 billion purchase will give Encana positions in the Stack and Scoop shale fields in Oklahoma, the Bakken region of North Dakota and the Uinta play ...
Read More »Russian oil output nears all-time high
Bloomberg Russian oil production moved closer to an all-time high before the nation meets with OPEC partners to discuss future supply. The country’s crude and condensate output averaged 11.412 million barrels a day last month, according to data from the Energy Ministry’s CDU-TEK unit released. Th-at’s about 160,000 barrels a day more than two years ago, before Russia agreed to ...
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