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HuaweiDOHA/KUALA LUMPUR - Qatar’s sovereign wealth fund plans to take the Harrods brand global to cities such as Paris and New York, and will start by building a luxury hotel named after the upmarket London department store in Malaysia’s capital Kuala Lumpur.
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SAN FRANCISCO - When Google Inc decided to build its Nexus Q home entertainment device in Silicon Valley rather than in China, it was not fretting about the bottom line. It was fretting about speed.
LONDON - Gold prices gathered steam on Tuesday to climb above $1,600 per ounce, with broad sentiment lifted as increasingly poor economic data raised expectations that leading central banks will ease policy further to stimulate growth.
HONG KONG — Asian markets mostly rose Tuesday and the euro firmed on hopes that central banks in the United States and Europe would take action to boost their sluggish economies after a stream of negative data.
Asian markets mostly rose Tuesday and the euro firmed on hopes that central banks in the United States and Europe would take action to boost their sluggish economies after a stream of negative data.
Dubai’s shares advanced the most in three weeks, helping gains in gulf stock markets, after oil surged on optimism that Europe’s debt crisis may be contained, boosting the appeal for riskier assets.
Memac Ogilvy & Mather won three gold, one silver and one bronze awards at the recently-concluded 59th Cannes Lions International Festival of Creativity.
The Dubai Electricity and Water Authority, or Dewa, has recently awarded contracts valued at Dh200 million to a number of national companies to lay 840km of 11kV electrical cables.
Average gas flaring at the Abu Dhabi Gas Liquefaction Company, or Adgas, dropped to 8.5 million standard cubic feet daily, or MMSCFD, in 2011, as several projects went into operation along with the plant efficiency that brought down greenhouse emissions by a hefty 40,000 metric tonnes of carbon dioxide, or CO2, a report said.
Hit by political instability and energy crisis, foreign direct investment continues its downtrend at a time when Pakistan needs big foreign inflows to boost its economy and bolster external balances.
