INTERVIEW: Emerson president Michael Train — ‘Exchange of ideas key to US-Saudi partnership’ LONDON: If Saudi Arabia is serious about the need for more foreign direct investment in the economic transformation underway in the Kingdom, it needs to enlist the support of more world-traveled executives such as Michael Train, president of US engineering group Emerson.The…
INTERVIEW: Emerson president Michael Train — ‘Exchange of ideas key to US-Saudi partnership’ LONDON: If Saudi Arabia is serious about the need for more foreign direct investment in the economic transformation underway in the Kingdom, it needs to enlist the support of more world-traveled executives such as Michael Train, president of US engineering group Emerson.The…
Cufflinks and the Caribbean: How Virgin Galactic kept space tourists’ interest and money COLORADO SPRINGS, Colorado: Virgin Galactic’s goal to fly tourists into space as early as this summer is about 12 years later than initially promised by its founder, British billionaire Sir Richard Branson.But many of its customers, including Gisli Gislason, aren’t sweating it.Right…
Cufflinks and the Caribbean: How Virgin Galactic kept space tourists’ interest and money COLORADO SPRINGS, Colorado: Virgin Galactic’s goal to fly tourists into space as early as this summer is about 12 years later than initially promised by its founder, British billionaire Sir Richard Branson.But many of its customers, including Gisli Gislason, aren’t sweating it.Right…
Cufflinks and the Caribbean: How Virgin Galactic kept space tourists’ interest and money COLORADO SPRINGS, Colorado: Virgin Galactic’s goal to fly tourists into space as early as this summer is about 12 years later than initially promised by its founder, British billionaire Sir Richard Branson.But many of its customers, including Gisli Gislason, aren’t sweating it.Right…
SAN FRANCISCO, US: Disney raises the curtain on a hotly anticipated video steaming service that’s aiming to topple industry pioneer Netflix, once a valuable ally.The service, called Disney Plus, has been in the works for more than year, but Thursday marked the first time that the longtime entertainment powerhouse has laid out plans for its…
SAN FRANCISCO, US: Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing.The filing with the Securities and Exchange Commission contained no specific pricing or timing for the market debut for Uber, which…
Saudi Arabia on right economic road — even according to ‘Dr. Doom’ Nouriel Roubini BAHRAIN: Economist Nouriel Roubini famously predicted the global financial crisis of 2008, earning himself the nickname “Dr. Doom” in the process. But even he is not gloomy about the potential of Saudi Arabia’s reform plans — which he believes will make…
JEDDAH: Saudi Aramco said on Wednesday that it raised $12 billion from its debut international bond issue, which was split into five tranches. The bonds have maturities ranging from three to 30 years. The offering is expected to close on April 16, subject to customary closing conditions. The tranches include: $1,000,000,000 2.750% senior notes due…
JEDDAH: Saudi Aramco said on Wednesday that it raised $12 billion from its debut international bond issue, which was split into five tranches. The bonds have maturities ranging from three to 30 years. The offering is expected to close on April 16, subject to customary closing conditions. The tranches include: $1,000,000,000 2.750% senior notes due…
JEDDAH: Saudi Aramco said on Wednesday that it raised $12 billion from its debut international bond issue, which was split into five tranches. The bonds have maturities ranging from three to 30 years. The offering is expected to close on April 16, subject to customary closing conditions. The tranches include: $1,000,000,000 2.750% senior notes due…
DUBAI: The Saudi state oil company’s debut on Wednesday on the international capital markets is set to break all records for a bond issue by an emerging market entity. The Saudi Aramco bond issue attracted more than $100 billion in orders from global investors, the largest ever for emerging market bonds, company sources said on…
DUBAI: The Saudi state oil company’s debut on Wednesday on the international capital markets is set to break all records for a bond issue by an emerging market entity. The Saudi Aramco bond issue attracted more than $100 billion in orders from global investors, the largest ever for emerging market bonds, company sources said on…
ABU DHABI: UAE-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and cut debt.Finablr, whose brands include UAE Exchange, Travelex Holdings and Xpress Money, said on Tuesday it could sell a mix of new and existing shares totalling at…
RIYADH: Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investors, the Kingdom’s energy minister, Khalid Al-Falih, has revealed.Speaking on Monday at the inaugural Saudi Energy Forum in Riyadh, organized by information consultancy Gulf Intelligence, Al-Falih said that the issue attracted demand “north of $30 billion.”The minister,…
RIYADH: Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investors, the Kingdom’s energy minister, Khalid Al-Falih, has revealed.Speaking on Monday at the inaugural Saudi Energy Forum in Riyadh, organized by information consultancy Gulf Intelligence, Al-Falih said that the issue attracted demand “north of $30 billion.”The minister,…
BEIRUT: The Lebanese government on Monday approved a plan to reform its electricity sector, vowing to provide power 24 hours a day from a grid notorious for blackouts.The decision is the most significant by the cabinet since it was formed in late January and is a step toward unlocking billions in aid pledged to Lebanon…
DEAD SEA: The Arab world is “punching below its weight” and its economy should be two or three times bigger than it is today, the World Economic Forum heard on Sunday, as business and government leaders proposed new ways to help the region grow.The Middle East and North Africa is home to hundreds of millions…
DEAD SEA: The Arab world is “punching below its weight” and its economy should be two or three times bigger than it is today, the World Economic Forum heard on Sunday, as business and government leaders proposed new ways to help the region grow.The Middle East and North Africa is home to hundreds of millions…
DEAD SEA: There are many divides in Palestine — but for the territory’s largest bank that is, for once, the subject of some good news.The Bank of Palestine says its board will have a fifty-fifty gender split within a couple of years — and its chairman has called for Norway-style quota systems for women in…
