The U.S. has witnessed the fastest expansion in production over a four-year period since a surge in Saudi Arabia’s output from 1970-1974.
The two titans of the aviation world are battling for the swiftly shrinking jumbo aircraft space.
Abu Dhabi carrier will compete with Emirates for origin and destination and transfer traffic
The near-week long shutdown has raised fears that the Congress may struggle to raise the debt ceiling by October 17.
Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.
Rouhani, who took office in August, had the supreme leader’s approval for his move to build bridges with Washington.
The U.S. shale boom has already altered the landscape of oil trade.
ADIA previously accused Citigroup of fraud in the initial arbitration.
Uber has said that their services will only complement the local taxis and not compete with them.
The US Federal Reserve’s decision to maintain its monetary stimulus is expected to boost the the regional bond market.
Spot gold was down 0.3 per cent to $1,321.56 an ounce, after a near three per cent drop on Friday.
The Canadian phone manufacturer is slashing up to 40 per cent of its global workforce as sales drop.
Bullion gained 4.2 per cent on Wednesday, its biggest daily gain since June 2012
Emirates keen to target New England trade and transfer traffic opportunities
Arcapita’s plan will see it transfer its assets into a new holding company which will dispose of them over time to pay off creditors.
The new touchscreen device boasts a five-inch display and a 1.7 gigahertz processor.
The Saudi billionaire invested $300 million in the social media giant in late 2011.
The new phones will be available in the US from September 20.
The visit comes as the United States weighs military strikes in Syria.
The US President is emphasising that he only plans limited strikes on Syria to deter future chemical weapons attacks.
Saudi Arabia, like Israel heavily dependent on the United States for arms supplies, is engaged in a historic confrontation with Iran for regional influence – a contest shaped by their leading roles in the rival Sunni and Shi’ite branches of Islam.
With weeks to prepare for an attack, Assad might benefit in some ways from the delay in any strike by the United States.
Barack Obama is asking Congress to back his call for limited U.S. strikes on Syria to punish President Bashar al-Assad.
Leaders of the U.S. Senate Foreign Relations Committee said they reached an agreement on a draft authorization for the use of military force in Syria.
The transaction is expected to be completed in the first quarter of 2014.
Five U.S. destroyers and an amphibious ship are in the Mediterranean.
Barack Obama on Saturday backed off imminent strikes by the destroyers off the coast of Syria until Congress had time to vote its approval.
Dubai World paid $375 million for a 50 per cent stake in Fontainebleau Miami Beach in 2008.
The US carmaker expects the industry to continue growing at four to five per cent per year.
The investment fund, in partnership with USAA Real Estate Company, bought an office building in Houston.