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Search resuls for: "Arkan"


6 mentions found


☆ Abu Dhabi is an oil powerhouse, but it also wants to be a climate tech hub
  + stars: | 2024-07-25 | by ( Amy Gunia | ) edition.cnn.com   time to read: +6 min
Hub71 plans to announce a new cohort later this year, and it says that applications from sustainability and climate tech startups have doubled since the last intake. “Abu Dhabi is starting to forge ahead as a leading tech cluster for climate in the region,” she said. That Abu Dhabi has thrown its weight and oil wealth behind climate tech is a key attraction for Graphmatech. “To scale up climate tech you need financial support,” Dr Mamoun Taher, its founder and CEO, told CNN. His company has engaged in discussions with key stakeholders in Abu Dhabi, including oil and gas companies.
Persons: Abu, ” Ahmad Ali Alwan, Abu Dhabi, Abu Dhabi’s, Patricia Keating, Karim Sahib, Dr Mamoun Taher, “, “ Abu Dhabi, Taher, ” Organizations: CNN, Mubadala Investment Company, United, Organization of, Petroleum, OPEC, P, PwC, Companies, Sweden’s Uppsala University, Getty, UAE, Emirates Steel, Adnoc, Siemens Energy, Abu, Abu Dhabi National Energy Company Locations: Abu Dhabi, wean, UAE, United Arab Emirates, Dubai, Abu, AFP, “ Abu, United States, Australia, Masdar
☆ Trump Tower is coming to Saudi Arabia
  + stars: | 2024-07-01 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
New York CNN —The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia. If completed, it appears the Jeddah tower would be the Trump Organization’s first major project in Saudi Arabia. Dar Global said the project will target the “luxury Saudi Arabian market and international investors.”The new project in Saudi Arabia comes just days after the Trump Organization and Dar Global unveiled a $500 million Trump International hotel complex in Oman. The Trump Organization’s new projects in the Middle East could raise concerns about potential conflicts of interest should former President Donald Trump return to the White House. The family business is run by his sons Donald Trump Jr. and Eric Trump.
Persons: Dar, Arkan, Eric Trump, Donald Trump, Dar Global, Dar Al Arkan, Trump, ” Donald K, Sherman, ” Sherman, ”, Donald Trump Jr Organizations: New, New York CNN, The Trump Organization, Trump, Dar Global, Trump Organization, Dar, Trump International, The Trump, Citizens, Responsibility, Washington, CNN Locations: New York, Saudi Arabia, Jeddah, Saudi, Oman
☆ Major Gulf markets little changed ahead of Fed decision
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Christopher Pike Acquire Licensing RightsSept 20 (Reuters) - Major stock markets in the Gulf were little changed in early trade on Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Investors are awaiting a raft of central bank interest rate decisions this week to assess the outlook for economic growth and fuel demand. The U.S. central bank is widely expected to keep interest rates on hold, but the focus will be on its projected policy path. The six-member Gulf Cooperation Council's monetary policy is usually guided by the Fed's decision as most regional currencies are pegged to the U.S. dollar. The Qatari benchmark (.QSI) rose 0.1%, helped by a 0.7% rise in the Gulf's biggest lender Qatar National Bank (QNBK.QA).
Persons: Joe Biden, Christopher Pike, Ateeq, Sohini Goswami Organizations: Dubai Financial, U.S, United Arab Emirates, REUTERS, Gulf Cooperation, U.S ., Development, Saudi Aramco, Qatar National Bank, Thomson Locations: Dubai, United Arab, U.S . Federal, U.S, Saudi, Dar Al Arkan, Yemen, Riyadh, Abu Dhabi, Ateeq Shariff, Bengaluru
☆ Trump Real Estate Deal in Oman Underscores Ethics Concerns
  + stars: | 2023-06-20 | by ( Eric Lipton | ) www.nytimes.com   time to read: +1 min
“It’s too hot — too hot,” said Mathan Mp, 38, who is from Tamil Nadu, the southernmost state of India, said as he took a break from supervising dozens of workers at the project site. Executives at DarGlobal, Dar Al Arkan and the Trump Organization declined to comment. The few remaining residents do not know a great deal about Mr. Trump, having only a general impression of him as a rich businessman and politician. “Trump — he is your king from America,” Mr. Talbi said, after inviting a visitor to his village inside to an air-conditioned room to sit on the floor and share a pot of tea. “Welcome to Oman.”
Persons: “, ”, Dar Al Arkan, Trump, Htim Talbi, “ Trump, ” Mr, Talbi Organizations: Mathan, Trump Organization, Trump, Mr Locations: Tamil Nadu, India, DarGlobal, Yiti, America, Oman
☆ Saudi Arabia's Dar Al Arkan signs deal with Trump family for Oman project
  + stars: | 2022-11-20 | by ( Hadeel Al Sayegh | Shariq Khan | ) www.reuters.com   time to read: +1 min
DUBAI, Nov 20 (Reuters) - Saudi Arabian real estate developer Dar Al Arkan said it signed an agreement with former U.S. President Donald Trump's company to use the Trump Brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas. The regulatory statement issued on Sunday did not disclose the financial terms of the agreement with the Trump Organization, which manages hotels, golf courses and other real estate around the world. The Aida project, a joint venture with Oman Tourism Development Company, will include Trump residential villas, a hotel and a golf course built near Muscat and would take over a decade to complete, the Dar Al Arkan filing said. The Trump Organization has two golf properties in Dubai in the United Arab Emirates, the Middle East's financial and tourism hub, in partnership with property developer Damac. ($1 = 3.7580 riyals)Reporting by Hadeel Al Sayegh; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ United Arab Emirates indexes track crude prices higher
  + stars: | 2022-11-04 | by ( Mohammad Edrees | ) www.reuters.com   time to read: +2 min
Nov 4 (Reuters) - Stock markets in United Arab Emirates closed higher on Friday, after oil climbed on supply concerns fuelled by Europe's upcoming embargo on Russian oil and decline in U.S. crude stockpiles. Crude prices, a key catalyst for Gulf's financial market, jumped $2.84, or 3%, to $97.51 a barrel at 1112 GMT. In Abu Dhabi, the benchmark stock index (.FTFADGI) advanced 1.1%, hitting an all-time high of 10,455 points. Abu Dhabi index boosted by a 0.8% rise in conglomerate International Holding Company (IHC.AD), while steel Manufacturer Emirates Steel Arkan (EMSTEEL.AD) surged 5.5%. Among other stocks, maritime and shipping firm Gulf Navigation rose 2.9% after it swung to profitability with a quarterly profit of 4.2 million dirham compared to losses of 14.6 million dirham a year earlier.
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