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Dubai Plans to Revive Pearl-Produced Past as Popularity Rises
Dubai plans to revive its pearl- producing past by restoring the industry that once was a mainstay of the economy before oil fuelled the emirate’s present-day wealth.
The Dubai Multi Commodities Centre is in negotiations with partners from Australia and Japan to cultivate pearls anew in the sheikhdom, Tawfic Farah, executive director for Diamonds and Coloured [...]
Soaring costs take shine off oil bonanza
The cost of building and developing offshore oil and gas projects has risen by more than 50 per cent over the past few years, one of the world’s leading energy consultancies has warned. The huge surge in cost has been overshadowed by the record profits the oil majors have generated in recent years.
Last week, ExxonMobil, [...]
