RTA unveils new thrusts to raise profile of Dubai Award for Sustainable Transport

Dubai:The Higher Committee of the Dubai Award for Sustainable Transport (DAST) has always been keen on broadening and uplifting the profile of the Award right from inception in 2008 and up to the announcement of winners of its fourth edition last year. The Committee’s attention to propel the Award’s mechanism stems from its intentions to inculcate all the concept of Sustainable Transport among government and quasi-government entities as well as…

قطر تتوسع في الصفقات الناجحة

قالت نشرة وكالة بلومبيرغ المالية أن قطر تعتزم زيادة وتيرة استثماراتها القوية والتي جعلتها من أفضل المستثمرين في المشروعات الناجحة حول العالم. وبعد نجاحها في شراء محلات هارودز العملاقة في لندن يسعى صندوق الاستثمار السيادي الوطني لزيادة أرصدته التي تبلغ حاليا 100 مليار دولار من خلال التوسع أكثر في الصفقات الناجحة. وتسعى قطر حالياً لشراء شركة اكستراتا السويسرية التي هي من اكبر الشركات في قطاع المناجم بالعالم بشكل كامل خاصة…

“Booming” Dubai art market forced to shift gears

Dubai has discovered there really are some things money can't buy. After a decade of petrodollar-driven success that has established it rapidly as a regional financial, trade, tourism and retail centre, the emirate has hit a speed bump in an unexpected arena - art. Burgeoning enthusiasm for collecting art convinced many that Dubai was about to become an overnight sensation in the international market, putting a gloss of sophistication on…

World’s sixth richest man buys up Hawaiian island

Billionaire Oracle CEO Larry Ellison bought 98 percent of Hawaii's sixth-largest island, Lanai, the state's governor announced on Wednesday. Ellison, ranked in 2012 as America's third-richest man, is purchasing the property from fellow billionaire David Murdock. Murdock's Castle and Cooke Inc, which owns all but 2 percent of Lanai's 365 sq km, filed a transfer application with Hawaii's Public Utilities Commission. Previous media reports put the price tag at between…

Saudi king sacks railways boss after crash

The king of Saudi Arabia has sacked the head of the Saudi Railways Organisation, just days after a train carrying 332 passengers derailed en route from Dammam to Riyadh, according to Saudi Press Agency (SPA). “The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud issued today a royal order relieving Eng Abdulaziz bin Mohammed Al-Hokail, General President of Saudi Railways Organisation, from his post,” it was…

Saudi prince in bid to overturn US arrest warrant

A Saudi prince, convicted of killing a man while drink driving in 2002, wants a judge in the US to throw out an arrest warrant issued after he violated his probation. Bader Al Saud plead guilty to misdemeanor motor vehicle homicide in Massachusetts in 2005 after admitting killing Orlando Ramos while driving under the influence of alcohol, The Boston Herald reported. The Saudi royal served more than seven months in…

Qatar Airways to launch non-stop Tokyo flights

Qatar Airways said on Wednesday it will boost services to Japan to twice-daily with the introduction of non-stop flights to Tokyo. The new service will be launched on October 28, the airline said in a statement. Qatar Airways currently serves the Doha to Tokyo route daily via the Japanese city of Osaka. Qatar Airways launched flights to the Land of the Rising Sun in 2005 with Osaka becoming its first…