Monday 6 July 2015
 
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Qatar's Al Rayyan buys St Regis unit in US

Al Rayyan Tourism Investment Company (Artic), an international hotel investment and hospitality subsidiary of Qatar-based Al Faisal Holding Company, has acquired the popular St Regis Washington, DC (US). The new acquisition adds to the

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Emirates refutes subsidy allegations

Dubai-based Emirates has submitted a point-by-point, fact-based response to the US government refuting allegations made by its North American rivals of subsidy and unfair competition. Earlier this year, the US legacy carriers - Delta, U

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US move to lift arms sale hold ‘will boost Bahrain ties’

The US decision to lift the hold on the sale of military items to Bahrain’s armed forces will ‘enhance ongoing security partnership as the kingdom continues to counter the mounting threat posed by terrorism and extremism in the regio

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Empower to showcase Dubai model of district cooling

A delegation from Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, is heading to Boston, US to take part in the 106th  International District Energy Association (Idea) Annual Conference a

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End oil export ban, or face competition from Iran:US senator

If the United States does not lift its 40-year ban on crude exports, Iran could soon be competing in global markets that would be mostly shut to US oil companies, a report prepared for the head of the Senate energy committee said.

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Bahrain achieves anti-terror success ‘without US help’

Bahrain’s recent success in dismantling alleged terrorist networks has been achieved despite the US cancelling its support for anti-terrorism training schemes last year, it has emerged. Security services in Bahrain have bene

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UAE signs US foreign account tax compliance deal

The UAE Ministry of Finance (MoF) said it has signed the intergovernmental agreement with the US on the Foreign Account Tax Compliance Act (Fatca) as part of its measures to protect Emirati financial institutions. The Fatca was en

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Unemployment rates soar in 25 US states

Unemployment rates rose in 25 US states last month, driven higher in many cases by more people who began looking for work but didn't immediately find jobs. Rates fell in nine states and Washington, DC, and were unchanged in 16

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Oil falls to $63, ample supplies and Greece weigh

Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other marke

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Hochtief unit wins $1.2bn rail contract in US

Hochtief subsidiary Flatiron has secured a $1.23 billion contract to construct a 60-plus mile portion of new high speed rail between Los Angeles and San Francisco as part of a joint venture team. The project will be the first high

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