Opec’s oil output is expected to rise by 200,000 barrels per day in July from June because of higher supplies from Saudi Arabia and Iraq, industry consultant Petrologistics said yesterday. The boost from the Organisation of the Petroleum Exporting Countries is less than expected and may indicate
The giant behind some of the biggest television shows in the world is finally in full operation in the Middle East with the imminent launch of the biggest outdoor reality show the region has ever witnessed. Endemol Middle East, a network partner of Endemol International, aired its first show on
The Urban Planning Council (UPC) and the Emirates Foundation have teamed up with TransAD to launch a new taxi service for the people of Shahama and Bahia on the outskirts of the capital. The organisations have introduced the service to improve transportation to and from the two areas undergoing
Hot on the heels of the launch of the Nickelodeon Arabia television channel, media giant Viacom International is planning to bring its Nick Hotel franchise to Dubai. Viacom, which has the MTV and Nickelodeon international networks among others in its bag of channels, also owns the Nick Hotels
Developed in partnership with some of the world’s leading environmental organisations, Middle East Environment Magazine , a new publication to be launched in October, will provide insights from the experts in the field battling to reverse the damage that’s been done and prevent further detriment
Dubai to figure on the US campaign trail? Could McCain and Obama be set for a battle in Dubai? According to David Ignatius, writing on www.WashingtonPost.com , the emirate could hold a debate between the presidential hopefuls. The idea "emerged in conversations and e-mails over the past
Awali Real Estate Investments, one of the region’s leading real estate investment firms, has signed a Dh4-million agreement with Sahara Communications, a subsidiary of Sahara Group. Under the agreement, Sahara will supervise the media and marketing plans of Awali and its projects in a
Dubai Financial Market (DFM) announced yesterday that foreign investors, or non-UAE nationals, sold shares worth Dh774 million during the June29-July 3 week. The total value of shares bought by foreigners reached Dh1.8 billion comprising 27.7 per cent of the total value of stocks traded during
Rotating Tower Technology Company, headed by architect Dr David Fisher, has hired Rubenstein to handle public relations linked to the launch of its latest project ? the Dynamic Tower. The buildings will use wind turbines and photovoltaic panels to generate energy to rotate each floor
Dubai Maritime City, the world’s first purpose-built maritime centre and a member of the Dubai World Group of companies, has announced it has successfully assembled and tested the world’s largest mobile boat hoist at its facilities. The hoist, which weighs 300 tonnes and is capable of lifting