DUBAI: Music company and publisher PopArabia, in conjunction with independent music firm Reservoir, has signed Lebanese indie music icon Zeid Hamdan acquiring his catalog of master recordings and publishing works.
PopArabia was founded in 2011 as a portfolio investment of Abu Dhabi’s media free zone twofour54. Reservoir, an international music rights company, was established in 2007 and partnered with PopArabia last year forming a joint venture allowing PopArabia to sign and develop Arabic talent to export around the world.
In addition to providing creative support, Reservoir will pitch and market the catalog for synch and marketing opportunities, while amplifying Hamdan’s catalog in Western markets.
CAIRO: Sky Abu Dhabi Developments, a subsidiary of the UAE-based Diamond Group, was aiming to achieve sales this year of around 1.5 billion Egyptian pounds ($100 million) at its residential project in the New Administrative Capital, according to a senior company executive.
Mustafa Salah, chief executive officer of the commercial sector at Sky Abu Dhabi Developments, said the property firm had made EGP700 million in contractual sales from the project so far, of which EGP250 million had been invested this year.
The company’s project in the New Administrative Capital is located on 23 feddans (23.87 acres) in the R8 area and includes 1,000 housing units with a total investment of EGP4 billion.
LONDON: Three men who racially bullied a colleague so badly that he endured psychological scars that might keep him from work for life have kept their jobs, with one even receiving a promotion.
Stuart Smith and John Cleary subjected Sikh salesman Kieran Sidhu, 36, to racist abuse, including anti-Arab slurs, in their southern England office at tech firm Exertis, but were not sacked.
Sidhu was abused on a daily basis, being called an “Arab with a shoe bomb” and told that he was associated with Daesh.
Smith’s LinkedIn profile reveals that he is still employed by the tech firm, and was promoted to the position of Amazon and online accounts director in 2020, some three years after the bullying was first investigated.
Adnoc, which produces and sells oil on behalf of the UAE, Opec s third-largest producer, has been looking to develop its gas resources.
The company has the potential to produce 11 billion cubic feet per day of natural gas and over 1 billion cf/d of sour gas. A significant proportion of gas fields in Abu Dhabi are sour, a term that refers to the presence of sulphurous compounds in the gas.
The national oil company is also the main provider of natural gas to industries in the UAE, accounting for more than two-thirds of supply.
“This agreement will ensure the security of supply and cost of natural gas to our plants, and demonstrates Adnoc s continued support of the UAE’s industrial sector, said Emirates Steel chief executive Saeed Al Remeithi.
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ExxonMobil: It s All About Protecting The Dividend And The 6% Yield Now
In late 2020, the company announced that it wouldn t be increasing its quarterly dividend, something it hasn t done in nearly two decades.
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May 25, 2021
Exxon Mobil (XOM) explores for and produces crude oil and natural gas in the United States and internationally, operating in the upstream, downstream and chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas and other petroleum products.
XOM, like many other companies in the energy space, has suffered for years in a turbulent economic environment that has offered oil and gas stocks little, if any, participation in the bull market since the bottom of the financial crisis. ExxonMobil stock has been dead money for the past decade while the S&P 500 has gained more than 280%.