Banks with experience arranging Islamic bond sales may stand to benefit from the potential opening of Saudi Arabia’s debt market to foreign investors, according to the investment banking unit of Mashreqbank. “There’ll be a lot of potential for non-Saudi banks to get involved on the advising and arranging side,” Abdul Kadir Hussain, who oversees about $700 million as chief executive officer of Mashreq Capital DIFC Ltd. in […]
When Saudi Arabia lowered its oil prices last week, analysts declared that the No. 1 oil producer was more focused on maintaining its share of a well-supplied global market than on keeping prices at $100 a barrel or higher. AFP/Getty Images “It is fair to say that the kingdom is not in a rush to cut production soon,” said London consulting firm Energy Aspects in a note […]
Other than the burgers and booze, this party-in-a-box contains everything you need for a solid parking lot pre-game: a grill, a cooler, grilling tools, utensils, plates, an opener/lighter, and more. And it’s all recyclable, so just jam it all in the blue bin before heading in to the game, no cleanup. This entry passed through the Full-Text RSS service – if this is your content and you’re […]
By K Raveendran at CeBIT Eurasia, Istanbul Turkey’s Aktif Bank has no branches. In fact, in 2007, when the bank embarked on its journey, it did not even have a signboard. But today, the bank has one of the country’s fastest growing customer bases and every man on the street is its potential customer. Modelled as a ‘shop in shop’, its products and services are sold by […]
There was a muted response across the Gulf region early Thursday to a decision by President Barack Obama to begin U.S. airstrikes in Syria and expand the campaign in Iraq to destroy Islamic State. Arab states of the Gulf Cooperation Council have previously expressed skepticism of U.S. rhetoric for further intervention against Islamic State, without knowing the full details of U.S. participation or the role expected of […]
Dubai private equity firm Ithmar Capital has sold a 7.3 percent stake in Al Noor Hospitals for 10.30 pounds per share, two sources familiar with the matter said on Thursday, in a deal worth 87.55 million pounds ($142 million). Ithmar offered 8.5 million shares in the healthcare firm in the first such sell-down since the company was listed in July 2013. The sale leaves Ithmar with a […]
Investors in Dubai continued to accumulate cash in early trade on Thursday ahead of the $1.4 billion initial public offer of Emaar Malls Group, a subsidiary of Emaar Properties, the largest listed developer in the emirate. The Dubai index fell 1.3 percent as most stocks were in the red. Emaar itself was the main drag, falling 1.8 percent as its shares no longer entitled their holders to […]
President Barack Obama told Americans on Wednesday he had authorized U.S. airstrikes for the first time in Syria and more attacks in Iraq in a broad escalation of a campaign against the Islamic State militant group. Obama’s decision to launch attacks inside Syria, which is embroiled in a three-year civil war, marked a turnabout for the president, who shied away a year ago from airstrikes to punish […]
By K Raveendran at CeBit Eurasia, Istanbul Deutsche Messe, organisers of CeBIT technology shows and global conferences, is keenly watching the success of Dubai’s Gitex but is for the present content with carrying on with CeBIT Eurasia Turkey as the regional edition, although the leading global technology show organizer considers Dubai as a most desirable venue. Deuteche Messe apparently believes that Gitex is such a strong contender […]
The 1980s and 1970s were many things – but only a fool, wallowing in a Slush Puppie vat of nostalgia, could claim they were a golden age of childhood Crouching over a tape recorder in an attempt to capture the Top 40 on a TDK magnetic cassette; writing letters to an overseas penfriend; popping down to Boots to have your holiday snaps developed. These are just some […]
Apple is generating plenty of buzz for its iPhone 6 and Apple Watch models, but behind the scenes it’s the iOS 8 that’s gluing all the innovations together. The tech giant will start rolling out the new version of its mobile operating system on September 17 for the iPhone, iPad and iPod touch users as a free update. Apple is billing iOS 8 as a simpler, faster […]
The supercharged, twin-turbo Mercedes-AMG GT is the brand’s new flagship sports coupe. When it’s released next year, it will be available in 2 trims options, both boasting a 4-liter, 456-horse V8 pushing top speeds pretty near 200MPH. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. -Werd
Colliers Houses prices in Dubai are cooling, and in some areas, they are even falling, according to the latest quarterly report from Colliers International. Average house prices were up 3% across Dubai in the second quarter, compared with the first three months of the year, and are still up 20% on a year-on-year basis. But average villa prices actually fell slightly from AED1,480 per square foot to […]
The time has come for Apple Watch. Available in 2 sizes, 3 models and a choice of finishes, including aluminum, stainless, and 18-karat gold, some may think it looks a bit like an small iPhone you wear on your wrist. However, the list of features is extensive and some quite useful. And as you would expect from Apple, the polished design and use of premium materials is […]
|By TAP Staff|Goldman Sachs is meeting investors this week for the sale of a dollar-denominated, benchmark-sized sukuk issue through its unit JANY Sukuk Co., people with knowledge of the deal said. The New York-based lender’s first foray into the Islamic capital markets three years ago ended without a sale amid criticism from scholars about the structure of its sukuk program and the use of funds raised. This […]
Dubai’s boom-and-bust real estate market can land you at the wheel of a Rolls-Royce or behind bars. Kabir Mulchandani should know: he’s experienced both. Five years after spending 140 days in jail facing charges of fraud and embezzlement for which he ultimately was cleared, the chairman of developer SKAI Holdings stands at a building site watching cranes start work on one of the company’s three projects. They […]
Abu Dhabi Commercial Bank , the fourth-largest lender by market value in the United Arab Emirates, has set initial price thoughts for a benchmark five-year bond issue in the 95 basis points area over midswaps, a document from leads showed on Tuesday. ADCB, which is expecting ratings of A/A-plus from Standard & Poor’s and Fitch, has picked Barclays, ING, JP Morgan and Mizuho to arrange the bond […]
Kuwait’s Global Investment House said on Tuesday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt. In an interview with Reuters, Global’s chief executive Maha Al Ghoneim said the company was now “debt-free” following its debt restructuring last year. She added that the relisting would be discussed at an annual general meeting next Sunday. Subject […]
Saudi Arabia will hold talks about militant violence in the region on Thursday with the United States and Muslim allies, the kingdom announced on Tuesday, in an apparent attempt to support international efforts to tackle crises in Iraq and Syria. The world’s No. 1 oil exporter is unnerved by the rapid advance of Islamic State — a militant group that has overrun swathes of Iraq and Syria […]
|TAP Special| With the veil off Iphone 6, the buzz is now on what the tech giant will do to sustain the interest and loyalty of Apple enthusiasts. Apple has played the secrecy card for optimum results, so one can expect this policy to continue for products in the pipeline as well. A major talking point now is how soon the leading smart phone maker would introduce […]
Apple Inc. (AAPL)’s prospects seem a lot brighter than they were the last time Tim Cook introduced an iPhone. When Chief Executive Officer Cook unveiled two new smartphone models 12 months ago, Apple’s stock was slumping and the company was losing market share to Samsung Electronics Co. and low-cost manufacturers such as Xiaomi Corp. Questions abounded about whether Apple could keep innovating without co-founder Steve Jobs. Fast […]
Last year, coworking spaces became all the rage in Dubai as entrepreneurs sought a place to get together and build nascent startups. Now, Google Inc. has also got in on the act. The tech giant has teamed up with the cofounders of online shopping website Namshi to create a “Google for Entrepreneurs” Tech Hub in Dubai. The space will open in 2015 and be run by AstroLabs, […]
An executive holds the Syqe inhaler at the company’s office in a Tel Aviv industrial complex. In the background is an empty floor room being readied to produce the first models. Josh Mitnick for The Wall Street Journal Doctor-prescribed joints might one day become a relic of the past if cannabis technology venture Syqe Medical Ltd. has its way. The government backed start-up, an outgrowth of Israel’s […]
|By TAP Staff| Gold traded near a three-month low as the dollar advanced on speculation the Federal Reserve will increase interest rates next year, curbing demand. Gold has declined 5.2 percent this quarter as the outlook for higher borrowing costs reduced demand for an inflation hedge. Fed policy makers will meet Sept. 16-17. The Bloomberg Dollar Spot Index, which tracks the greenback against a basket of 10 […]
