Oil Output Cut on Track: Opec

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Oil Output Cut on Track: Opec Dubai toughens fire Watched protests yes- terday but was under rules the impression that we just had an election! Why didn’t these peo- ple vote? Celebs hurt cause badly. ‏@realDonaldTrump Monday, January 23, 2017 Issue No. 7270 Today’s Weather 200 Fils Max Min www.newsofbahrain.com www.facebook.com/nobonline newsofbahrain 38444680 nob_bh 8P 02 20°C 14°C x Bahrain condemns terror attack on Reach consensus on issues: HM Parachinar market DT News Network bin Salman Al Khalifa at Manama Manama the Al-Sakhir Palace. Both he Kingdom of is Majesty King Hamad reviewed issues of common Bahrain has strongly bin Isa Al Khalifa interest, affirming that the next condemnedT the terrorist yesterdayH directed that phase requires more efforts and bombing that targeted procedures regulating the fruitful work to enhance the a market in the city of rationalisation of public Kingdom’s status and carry on Parachinar in Pakistan and expenditure should be based maintain achievements. resulted in the death of on agreement between the HM lauded the tireless 25 people and left over 65 executive and the legislature, efforts of HRH Prince Khalifa injured. and through prioritising the bin Salman Al Khalifa, and Powerful storms kill 16 issues that benefit middle and HRH Prince Salman bin low income citizens. Hamad Al Khalifa, the Crown in southeast US HM also directed both the Prince, Deputy Supreme Washington executive and legislature to Commander and First Deputy t least 16 people arrive at a consensus during Prime Minister and their have been killed discussions of this year’s His Majesty King Hamad bin Isa Al Khalifa with Prince Khalifa bin Salman Al Khalifa keenness to adopt initiatives afterA powerful weekend general state budget. Giving economy by supporting the King also directed the National Earlier, HM the King and programmes that support storms tore through the instructions to continue existing sectors and creating Audit Office to follow-up on received His Royal Highness economic development and southeastern United States, diversifying the national new economic sectors, HM the these policies without delay. Prime Minister Prince Khalifa serve Bahrain and its people. authorities said.A rural part of south-central Georgia was hardest hit, leaving at least twelve people dead. Trump invites Israel’s Netanyahu to talks Oil output cut Washington S President Donald Trump yesterday invitedU Israeli Prime Minister Benjamin Netanyahu to visit him in on track: Opec Washington next month, the premier’s office Vienna he said in Vienna. He hoped despite being good news for Minister Alexander Novak output reduction of more said, quoting their first il producers said all countries would reach full consumers. said Moscow was “ahead of than 500,000 bpd, Falih said, conversation since Trump yesterday that their compliance next month and Markets initially welcomed schedule” and “doing our best while Algeria and Kuwait took office. landmarkO December deal to forecast that brimming global the accord in December, to maximise participation” in have also cut to levels beyond slash output by almost two oil stocks would return to sending oil prices up to an the agreement, Bloomberg their targets, Bloomberg Cuba sends maritime million barrels per day was on normal levels by mid-year. 18-month high of $58. But reported. reported. delegation to US track, as they met to review The December 10 accord, they have since slipped Russia has reduced Other Opec members such progress. valid from January 1 for six back on concerns countries production by an average of as Iraq and Venezuela have Havana “Compliance is great, it’s months, obliges 24 countries may not stick to their 100,000 bpd, a milestone it not yet reached their quotas delegation of port and been really fantastic,” Khaled inside and outside the Opec commitments -- as happened had not expected to reach but say they are more than maritime officials from al-Falih, energy minister of group to cut production by under previous deals. until next month, Novak said. halfway there. CubaA has arrived in the oil behemoth Saudi Arabia, 1.8 million bpd between Falih he said, however, Russia has said it would Opec’s total production fell United States for talks on was quoted by Bloomberg as them. The aim is to reduce a that producers have already make a daily reduction of by 221,000 bpd to 33.1 million “business opportunities and saying. “Based on everything global glut that has depressed removed 1.5 million bpd 300,000 barrels by April or bpd in December, according foreign investment,” the I know, I think it’s been oil prices and blown a huge from the market, more than May. to secondary sources data Granma official newspaper one of the best agreements hole in the public finances 80 per cent of their collective Saudi Arabia has already in Opec’s monthly report said yesterday. we’ve had for a long time,” of producer nations, target. And Russian Energy exceeded its target with an published last week. -AFP P 03 P 04 P 06 Fake Another UK nuke documents: feather missile veered Two firms shut in the cap towards US? 2 Monday, January 23, 2017 Dubai ubai yesterday announced tougher fire rules in a bid to minimise risks after Dseveral spectacular blazes that have ripped through skyscrapers in the modern Gulf emirate. Major fires have hit Dubai high-rises in In July last year, a fire gutted the recent years and spread quickly, mostly due 75-storey Sulafa tower in Dubai to flammable material used in cladding, a covering or coating used on the side of the Dubai marina, with the flames spreading buildings. up quickly at least 15 floors of the Civil Defence Lieutenant Taher Hassan building. al-Taher announced the new regulations at a security exhibition during which authorities also launched Dubai’s new fire In November 2015, a fire engulfed and safety code for the emirate. three residential blocs in central According to Taher builders must abide Dubai and led to services on a metro by a new requirement to ensure that the flammability of the cladding is as close to toughens line being suspended, although no zero as possible. one was hurt. “There is a requirement to minimise it to zero,” Taher said. Builders will also have to regularly carry In February 2015, a blaze gutted one out maintenance on the cladding panels and of the emirate’s tallest buildings, also replace them after a certain date, he added. “There is a timeline for all cladding (and) in the Dubai Marina neighbourhood. there is maintainance for everything. By It destroyed luxury flats in the Torch that time they’ll have to change it,” Taher tower and prompted authorities to said, speaking in English. evacuate nearby blocks. Those who violate the rules will face fines up to 50,000 dirhams ($13,623), he added. Dubai is home to Burj al-Khalifa, the world’s tallest tower. In 2012, a huge blaze gutted the The modern city state has experienced 34-storey Tamweel Tower in the a real estate boom over the years with nearby Jumeirah Lake Towers dis- hundreds of skyscrapers built in a short trict. It was later revealed to have lapse of time with many tiled with been caused by a cigarette butt flammable cladding. thrown into a bin. Most towers built before 2012 have reportedly used non-fire-rated exterior panels. Address hotel fire ires have hit several high-rise buildings in the Dubai, famed for its record-breaking skyscrapers. FOn New Year’s Eve 2015 a huge blaze ripped through Count Your Lucky the luxury Address Downtown Hotel, injuring 16 people just a few hours before a spectacular fireworks display Dishes on Chinese nearby. The blaze was broadcast live worldwide, but This file photo taken on YEAR OF THE ROOSTER New Year authorities went ahead with the festivities despite the inferno, with residents and tourists gathered nearby January 01, 2016 shows to watch a dazzling fireworks display even as smoke the Address Downtown billowed out of the tower. hotel burning after huge Visit Four Seasons Hotel Bahrain Bay on January The fire sparked panic as the fire spread along the fire ripped through the th 27 to celebrate Chinese New Year at re/Asian facade of the Address Downtown hotel but only 16 luxury hotel near the Cuisine by Wolfgang Puck. Indulge in authentic Asian people were injured. world’s tallest tower, food from our live cooking stations with bespoke Burj Khalifa, in Dubai. beverages for 32++. Awaken your senses from January 27th to February 8th, with our 5 and 7 course dinner by our master chef Brian Becher for 35++ and 50++ respectively. he United Arab Emirates has “proven to is due to awareness campaigns and fire drills Reservations: (973) 1711 5046 Thave the lowest number of fire casualties,” that are conducted at schools, hotels and fourseasons.com/bahrain said Sajid Raza, a member of the UAE Fire residential buildings regularly. Code Council, putting the rate at 0.23 person Electric short circuits have been behind per every 10,000 people. most of Dubai’s fires, according to Dubai The UAE’s rate of fire casualties is “much Civil Defence chief Major General Rashid lower than many advanced countries,” he told al-Matrooshi. a conference at the same exhibition. “More than 70 percent of fires in building Taher said the low number of fire casualties are caused by electricity,” he said. (AFP) 2 Monday, January 23, 2017 Monday, January 23, 2017 3 Dubai ubai yesterday announced tougher fire Committee to turn around Drules in a bid to minimise risks after several spectacular blazes that have ripped Fake documents: through skyscrapers in the modern Gulf struggling business units emirate.
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