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Friday, 26 September 2014

Time for a toast to Ireland? - YouTube

Time for a toast to Ireland? - YouTube: ""

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Listening closely as Abu Dhabi Global Market slowly takes shape | The National

Listening closely as Abu Dhabi Global Market slowly takes shape | The National:

"Al Maryah Island, the home of the Abu Dhabi Global Market, is like a huge swan floating on the Arabian Gulf waters: tranquillity and grace on the surface, energetic activity beneath.

Not much has been publicly heard about the plans for the UAE’s new financial free zone for some time; the last public announcement was a the publication of a memorandum of understanding with the Central Bank back in April.

However, the absence of any public activity does not mean lack or progress. The message always was that the ambition to build a world-class financial free zone in the capital would be a gradual, cautious and painstaking task. Ahmed Al Sayegh, the chairman of the ADGM whose job it is to oversee its construction, has taken that message to heart."

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A phased approach to a renewable future |

A phased approach to a renewable future |

"A new thread is weaving its way into the media’s energy coverage. In addition to the oil and gas market reporting, stories about Gulf states’ energy consumption and the need to better manage our fossil fuel resources are growing in prominence.

As these issues move from the realm of government policy into the arena of public debate, they bring with them important questions about our desire for clean, affordable energy. Clean energy is typically shorthand for renewable energy, power generated without fossil or nuclear fuels. Renewable energy has the advantage of being both free of the greenhouse gas emissions common to fossil fuels, and — as the name suggests — comes from what is in practical terms infinite sources.

In the Gulf states, solar is the most common form of renewable energy, although attention is also being given to wind. The total value of renewables projects and master plans, either completed or under execution, in the GCC states is $4.5 billion (Dh16.52 billion)."

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Brent Crude Heads for Weekly Decline on Ample Supplies - Bloomberg

Brent Crude Heads for Weekly Decline on Ample Supplies - Bloomberg:

"Brent crude headed for a third weekly loss this month amid speculation that plentiful oil supplies will buffer the market from unrest in the Middle East. West Texas Intermediate was steady in New York.

Futures were little changed in London, down 1.5 percent this week. The broadest Arab-U.S. military coalition since the 1991 Gulf War struck Islamic State targets in Syria, while in Iraq, fighting has largely spared the south, home to three quarters of supply from OPEC’s second-largest crude producer. Libya’s output has risen to 925,000 barrels a day, according to National Oil Corp.

“Although the conflict in Syria hasn’t been completely solved, it looks like the issues are now having less impact on crude prices,” Will Yun, a commodities analyst at Hyundai Futures Co. in Seoul, said by phone today. “With ample supplies, we may see a further decrease in prices.”"

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