#Stayhome: Gulf influencers take the glamor factor indoors

  • DUBAI: From extravagant trips to the Amalfi Coast and sunset photoshoots on Dubai’s beaches to an almost complete lockdown — the coronavirus has forced the Gulf’s social media influencers indoors, but hasn’t lowered their glamor factor. While they can no longer upload pictures of themselves z...
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$ 2.3 bn blow as strike over economic reforms hits India

  • NEW DELHI: Schools, businesses and government offices were shut in many parts of India yesterday as protesters blocked roads and trains as part of a one-day nationwide strike against sweeping economic reforms announced by the government last week. The main opposition Bharatiya Janata Party (BJP)...
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$ 5.3 bn pipeline’s benefits questioned

  • NEW YORK: Backers of the controversial $ 5.3 billion Keystone XL pipeline project weighed by the Obama administration could boost US jobs and energy independence, but critics say the uplift will be short-lived. Opponents of the project to build a 3,200-km conduit for oil from Canada’s tar...
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$ 82 bn: Dubai to treble tourism income by 2020

  • DUBAI: Dubai aims to treble its annual income from tourism to AED 300 billion ($82 billion) by 2020, which would involve doubling the number of its hotel rooms, a senior official said....
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$1.4bn port city project: Lanka seeks compromise

  • COLOMBO: Sri Lanka is offering a compromise that could allow a major Chinese-backed real estate project to restart after months of delays, Finance Minister Ravi Karunanayake told Reuters on Monday.The minister's comments come a week before a parliamentary election in which the ruling party...
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$15.7bn DGCX trading volumes led by G6-currencies in March

  • RIYADH: The Dubai Gold and Commodities Exchange, known as the DGCX, recorded an average monthly open Interest of 134,154 contracts during March, registering a total trading volume of $15.74 billion. In response to more inflation, political decisions and ongoing geopolitical conflict around th...
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$20 bn Olympic Dam mine project: Too big to dig?

  • LONDON,: Once again BHP Billiton has spoken and the world has listened. Back in March a comment from Ian Ashby, then head of the resource giant’s iron ore division, about flattening steel growth rates in China caused a brief global risk-asset sell-off. Last week’s announcement it was pulling $ 40...
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$24m ‘Bored Ape’ Sotheby’s auction shows NFT boom still in full swing

  • LONDON: A set of 107 non-fungible tokens (NFTs) representing images of cartoon apes sold for $24.4 million in an online sale at Sotheby’s auction house on Thursday, as the market for the niche crypto asset continues to heat up, Reuters reported. The images were part of the “Bored Ape Yacht Clu...
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$36bn projects: Kuwait to seek private investment

  • KUWAIT CITY: Kuwait will invite private investors, including foreigners, to take part over the next two years in nine infrastructure projects worth about $36 billion, under a new law designed to facilitate such deals, an official said.The country has huge construction plans, ranging from power...
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$4.5bn restructuring scheme: Al-Jaber picks finance chief

  • ABU DHABI: Abu Dhabi conglomerate Al-Jaber Group has appointed a new chief financial officer (CFO) as it pushes to close a long-awaited $4.5 billion restructuring before the end of the first quarter, three sources with knowledge of the matter said.Al Jaber, a family-owned group with operations in...
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