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Dubai / Emirates Business Offering smart, networked and ultra-modern living spaces in a pristine, upscale location within easy reach of key urban hotspots and centrally located in a serene residential setting, Royal Pearls, the prestige new development from Oriental Pearls Real Estate Developers, is a chance at a unique lifestyle experience. Construction on the inimitable project valued at AED 21 ...

DUBAI / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, met Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai. The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project ...

Bloomberg US technology shares rebounded on speculation the recent selloff went too far, while the dollar rose and industrial metals dropped. The Nasdaq Composite Index climbed as chipmakers and software companies paced gains. The S&P 500 was little changed as investors weighed the latest developments in efforts to overhaul taxes in the world’s largest economy, including the surprise inclusion of ...

Bloomberg The pound headed for its biggest decline in three weeks against the dollar after Ireland said it may not agree to alter a proposed border deal with the UK that reportedly stalled Brexit talks on Monday. Government bonds gained. Sterling weakened versus all of its 16 major peers after Britain and the European Union said that they hadn’t made ...

Reuters Gulf stock markets fell back on Tuesday after geopolitical news from Yemen and Qatar that has heavily influenced the bourses for weeks turned negative. Meanwhile, it became clear that the rulers of Qatar and Kuwait were the only two heads of state set to attend an annual summit of Gulf Cooperation Council nations in Kuwait this week. The United ...

Bloomberg Statoil ASA gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. While expected, the move by Norway’s biggest oil company is a boost to a region seen as key to arresting a decline in the country’s production. In a striking illustration of how oil companies have adapted to lower prices, Statoil cut estimated ...

Bloomberg Petroliam Nasional Bhd’s South African unit, Engen, and Vivo Energy Holding BV agreed to a deal worth as much as 3.5 billion rand ($256 million) to combine some of their African fuel-retail assets, according to people familiar with the matter. The deal represents about 20 percent of Engen’s equity value, said the people, who asked not to be identified. ...

Bloomberg Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell 80,000 barrels a day to 32.47 million a day last month, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That was the lowest level since May, when output was 32.29 million. Angola led the ...

Bloomberg Europe’s biggest utility is betting on an Italian green power renaissance to lift business. Enel SpA expects Italy’s new national energy strategy to reverse a decline in green power generation by encouraging companies to help meet ambitious new goals, according to Antonio Cammisecra, chief executive officer of the utility’s renewables unit. “There will be a great renaissance of renewable ...

Bloomberg First Solar Inc. is poised to take the wraps off the Series 6 panel on Tuesday, a long-awaited product rollout that has huge implications for the biggest US solar manufacturer. It’s not a stretch to say that Tempe, Arizona-based First Solar has bet its future on the success of this product. As solar panels get cheaper and cheaper, and ...