Idyllic archipelago of 115 islands will continue to enchant Middle Eastern guests in 2017 8 December 2016, Dubai UAE The Seychelles Tourism Board Office in Dubai is delighted to confirm that visitor numbers from the GCC region have shown impressive year-on-year growth over the past 12 months. The announcement comes with news of a portfolio of hotel openings for 2017 that look set to secure the market […]
The 19th edition of realty exhibition expecting to attract thousands of NRIs over the 3-day expo Investor confidence gets boost due to demonetisation, home loan rates to be down to 7-8%; RERA, GST and REIT to further improve transparency and bring healthier, sustainable growth Top developers across India meet for exclusive face-to-face interaction. Properties boast features such as eco-friendly housing, water recycling units and […]
This is part of a series on the global rise of exchange traded funds ETFs are a global phenomena, but there are significant differences between the market in Europe and the US. This piece examines the most important. The US is far bigger Demand for exchange traded funds in Europe has never been higher. Assets held in funds and products listed across the region hit a record […]
Photo Aroldis Chapman pitching for the Yankees on July 18. He was traded to the Chicago Cubs later that month. Credit Al Bello/Getty Images NATIONAL HARBOR, Md. — The Yankees fulfilled the main objective of the off-season late Wednesday night, agreeing with closer Aroldis Chapman on a five-year, $86 million contract. The deal reunited the Yankees with the hardest-throwing pitcher in baseball after they traded him to […]
Anwar Ahmad ABU DHABI // Noorullah Khan’s life was changed forever the day he stepped foot in Abu Dhabi. The Afghan arrived in the capital aged 18, penniless and with little more than the clothes on his back. Fast forward three decades and he now runs a successful shop at the Carpet Market at Mina Zayed. Now 51 years old, he has made a life for himself […]
Dubai, UAE, 8 December Bollywood Parks™ Dubai, part of Dubai Parks and Resorts, the largest integrated theme park destination in the region, unveils Jaan-e-Jigar, the regions first Broadway-style Bollywood show in all its grandeur at the Rajmahal Theatre, which is located in the heart and soul of the park. Dubai’s answer to world-class entertainment, Jaan-e-Jigar is the biggest Bollywood style show to ever hit the region, where […]
The Singapore Exchange was hit by its second disruption this year with the start of trading in some derivatives contracts delayed by over two hours on Thursday morning. It is the latest in a series of technical failures that have become an increasing source of embarrassment in one of Asia’s main financial centres. Most recently, SGX in July halted trading on its securities market for five hours […]
SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session. Risk appetite got an extra boost when China reported upbeat trade figures with exports and imports both beating forecasts. Resource imports were very strong, a major reason prices for […]
Britain plans to deepen security cooperation with Gulf Arab countries and work with them to counter Iranian actions in the region, Prime Minister Theresa May said on Wednesday. Addressing a meeting on the sidelines of the Gulf Cooperation Summit in Bahrain, May said Britain would invest more than 3 billion pounds in defence spending in the region over the next decade. “Gulf security is our security,” May […]
US stocks hit fresh highs on Tuesday led by transportation, as investors solidified their bets on an improving economy under the Trump administration. The benchmark S&P 500, Dow Jones Industrial Average and Nasdaq Composite each clinched their best daily performances since the day before the US election, with the first two also setting new records. Stock markets have been invigorated by the possibility of a wave of […]
A Turkish cyberattack group is luring individuals to join a DDoS platform to compete for points through games which can be redeemed for hacking tools. The platform, dubbed Surface Defense, asks hackers to attack political websites using a distributed denial-of-service (DDoS) tool called Balyoz, translated as Sledgehammer. In order to participate, users recruited from hacking forums must download the Surface Defense collaboration software and register. The platform […]
MOSCOW — The Russian government announced Wednesday that it will sell nearly 20 percent of its state oil company, Rosneft, to the Swiss commodity trading firm Glencore and the sovereign wealth fund of Qatar. The deal defies expectations that no investor would dare buy a share in the Russian asset, given Western sanctions against the government of President Vladimir V. Putin. But the emergence of foreign money […]
Blackrock’s chief multi-asset strategist summed up tomorrow’s anxiously awaited ECB meeting best by noting that “what’s priced into markets is a fully fledged extension of the [bond-buying] program,” but warns that, thanks to a muted reaction to the Italy vote and recent encouraging data, “there’s a significant chance the ECB disappoints markets.” As bond traders bet on a six-month QE extension, Citi warns, anything less will be […]
Donald Trump is planning to hand responsibility for immigration and the US-Mexico border to John Kelly, a retired general who led US military operations in Latin America. The president-elect has chosen the former Marine general to be secretary of homeland security, head of the department that oversees immigration policy, US media reported on Wednesday. The job would give Mr Kelly, 66, a pivotal role in implementing border […]
By Richard Cowan | WASHINGTON WASHINGTON President-elect Donald Trump on Wednesday picked a fossil fuel industry defender as his top environmental official, another retired general as homeland security chief and Iowa’s governor as U.S. ambassador to China in choices at odds with some of his recent pronouncements. Trump, continuing to build his Cabinet as he prepares to take office on Jan. 20, said Oklahoma Attorney General Scott […]
The UK investigation into October’s “flash crash” in sterling has focused heavily on the Japanese trading operations of Citigroup, which fired off repeated sell orders that exacerbated the pound’s fall, according to bankers and officials involved in the inquiry. Citi’s traders are not believed to have started the slide in the currency in thin Asia trading but its Tokyo desk played a key role in sending the […]
By Dominique Patton and Steve Holland | BEIJING/NEW YORK BEIJING/NEW YORK President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, choosing a longstanding friend of Beijing after rattling the world’s second largest economy with tough talk on trade and a telephone call with the leader of Taiwan. The appointment may help to ease trade tensions between the two countries, the […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President-elect Donald Trump said on Wednesday he will nominate professional wrestling magnate and former Senate candidate Linda McMahon as his choice to head the Small Business Administration. Trump’s announcement said McMahon would be a key player in his effort to generate stronger job growth and roll back federal regulations. McMahon, 68, is a co-founder and former CEO of the professional […]
Your daily guide to community and cultural activities across the Emirates for December 8, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Yoga event Catch a screening of the film What is Real, which focuses on Jivamukti yoga and its history and evolution. It focuses on combining vigorous hatha yoga with music, meditation and […]
German and French stocks are closing in on a 20 per cent gain from their post-Brexit low, as a weaker euro and a thawing in sentiment towards banks raise the prospect that markets which disappointed investors for much of 2016 end it in positive territory. While the rebounds of the the two largest equity markets on the continent have been overshadowed by the run of new record […]
DUBAI: Britain will help Gulf states “push back” against aggressive regional actions by Iran, Prime Minister Theresa May told the Gulf Cooperation Council (GCC) in Bahrain on Wednesday in a televised address.“We must… continue to confront state actors whose influence fuels instability in the region,” May told Gulf leaders at their annual summit.“So I want to assure you that I am clear-eyed about the threat that Iran […]
The European Central Bank should retool its asset-purchase programme to fund a wave of new infrastructure spending across the continent, according to one of the world’s most powerful bond managers. Rick Rieder, global chief investment officer of BlackRock’s $1.6tn fixed income business, says the ECB should avoid a “false choice” between continuing on its present course or tapering its existing programme, when it meets to decide monetary […]
Saudi Aramco’s planned flotation is unlikely to require any major changes to Saudia Arabia’s securities rules, the vice chairman of the kingdom’s market regulator said. The kingdom’s state oil giant is targeting 2018 for what is expected to be the world’s biggest ever initial public offering, with a listing on both its home exchange and a foreign market among the options being discussed. The move is part […]
Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New York, Tokyo, Copenhagen, and Rio de Janeiro The UAE is first WTO member from the Arab region to ratify the new Trade Facilitation Agreement (TFA) in April 2016 07 December 2016Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New […]
