LONDON: Government plans to slash Britain’s foreign aid budget could be stopped in Parliament following a rebellion by dozens of MPs from the ruling Conservative Party.Last year, Foreign Secretary Dominic Raab announced that the UK would cut its spending on foreign aid from 0.7 percent of gross domestic product (GDP) to 0.5 representing a real-term cut of around $5 billion.A
RIYADH: IHC’s Alpha Dhabi Holding has acquired further assets from privately held Murban, it said in a filing on ADX on Wednesday. The deal includes the Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality, a facility management company, and follows last week’s announcement it had acquired St. Regis at Saadiyat, Al Wathba Luxury Collection Desert
DUBAI: Manchester City chairman Khaldoon Al-Mubarak has declared his pride in Pep Guardiola and his players after a season that brought two domestic trophies but ended in the 1-0 Champions League final defeat to Chelsea last Saturday. Kai Havertz’s first-half goal meant the newly crowned English champions could not complete a historic treble, but Al-Mubarak said he was “very,
ABU DHABI: The emirate of Abu Dhabi has completed the sale of $2 billion of 7-year sovereign notes, the government’s media office said in a statement today. The bonds were widely accepted by fixed income investors, including American companies and investment portfolios, which contributed to significantly expanding the investor base in the emirate, Abu Dhabi said in the
SINGAPORE: Global liquefied natural gas (LNG) trade volumes rose to a record last year led by Asia, though growth was marginal as demand was slammed by coronavirus-induced restrictions, according to a report by the International Gas Union (IGU).
Overall LNG trade increased to 356.1 million tons last year, up by 1.4 million tons or about 0.4 percent from 2019, mostly driven by increased exports from the United States and Australia, the group said in its annual report released on Thursday.
This was smaller than the growth of 40.9 million tons, or 11.5 percent, in 2019, the IGU said. But, LNG was one of the few commodities that had an increase in trade in 2020, it said.