Big City Informer

Abu Dhabi National Oil Company (ADNOC Distribution) has denied reports published in local newspapers regarding a new increase in gasoline prices assuring that no official of the company has spoken on the issue. ADNOC, in a statement today, said that this is completely false news and that it is essential to investigate the accuracy of [...]

Despite the current economic recession that has left Nevada unemployment at record levels and a thumbs down from the Clark County Commissioners, one group, the nonprofit Las Vegas Arena Foundation, has firmly set its aim on the future with its proposal to build a NBA-style sports arena in the Las Vegas Strip vicinity. The Foundation [...]

The plantation’s exceptionally planned system hidden off a main hiking trail included an irrigation system fed by a stream contained by a nicely built dam, sophisticated tubing developed into a clever irrigation grid, and a battery- run pump and timer to put the final touches on a great distribution system.  The crop: about 2,700 cannabis [...]

Power Sector Assets and Liabilities Management Corp. has deferred the sale of the contracted capacity of the 110-megawatt Naga power plant complex in Cebu on request of the bidders, Energy Secretary Jose Rene Almendras said Tuesday. PSALM had scheduled the bidding for the Naga supply contracts today but bidders asked for more time to study [...]

Behind his Cairn purchase Vedanta boss Anil Agarwal is thinking big

Mining company Vedanta’s controversial project on sacred tribal land in India has been condemned by a government inquiry

Bangladesh plans to upgrade Mongla, its second largest port, and to build a third sea port at Kuakata. The twin moves are aimed at providing greater sea access to neighbors India, Nepal and Bhutan. A memorandum of understanding (MoU) has already been signed with David Wignal Associate, a Singapore-based private company. The up-gradation of Mongla [...]

The mining giant is in the final stages of a deal which will mean it owns 51% of the energy firm’s Indian arm

Dubai Financial Market (DFM) announced today that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2010 results within the deadline of 45 days from the end of the period. The total number of UAE public joint stock companies listed at DFM which disclosed their second quarter results [...]

• Metals producer Vedanta Resources seeking stake in Cairn’s Indian spin-off
• Cairn India valued at $13.5bn and deal could be worth billions of pounds

As economic woes affect beer sales in Europe, a 5.5% rise in beer production followed Asia’s quick rebound from the financial crisis

• Essar has option to sell its 33% stake to Vodafone for £3.1bn
• Vodafone to appeal against $2.6bn in tax claim

Covent Garden shop will be 300th retail outlet and could be most profitable for the popular brand

Damas International Limited (Damas), announced today its financial results for the 12 months ending March 31, 2010, demonstrating the strength of its core operations despite challenging conditions facing the gold and jewelery sector worldwide. For the 12 months ending March 31, 2010, Damas reported a net profit of AED 9.7 million before considering the impact [...]

Dana Petroleum jumps after Egyptian oil discovery This article was written by Nick Fletcher, for guardian.co.uk on Friday 30th July 2010 10.09 UTC Dana Petroleum, currently being stalked by Korea National Oil Corporation, has issued another upbeat announcement. KNOC has offered £18 a share for Dana – valuing the company at £1.67bn – and is [...]

The value of equities traded on NASDAQ Dubai rose by 52 per cent in the first six months of 2010 to 728 million dollars, from 479 million dollars in the same period of 2009. Equities volumes fell by 10 per cent to 1.58 billion shares in the same period, from 1.75 billion. Measured by percentage [...]

David Cameron hopes high-powered trade mission will seal more lucrative deals

Make-up artists will paint protesters as Na’vi rebels to symbolise the plight of the Dongria Kondh tribe in Orissa

A South Korean supplier of city gas identified as Samtan Co. plans to buy a 34 percent in equity share of E-Pertagas, a liquefied petroleum gas (LPG) producer in Indonesia, a company official said. E-Pertagas is a joint venture between South Korean LPG provider E1 Corp and Pertagas, a subsidiary of Pertamina, Indonesia’s state-owned oil [...]

Dubai World has been held responsible for the collapse of Dubai’s finances for a long time. Now Dubai World warned that lenders, aside from the government’s own support fund, would face a “significantly” worse deal if its debt restructuring plan fails and it is forced to seek liquidation, according to the debt restructuring plan outlined [...]