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Prudential announces title sponsorship of “Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui”, lighting up Victoria Harbour this winter // Dubai approves airport Metro link for 2031 opening // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues // Flydubai Dammam cancellations persist as Etihad extends suspensions // Moonless skies improve stargazing conditions across northern Saudi Arabia // US relocates tankers from second British base amid threats // Abu Dhabi unveils restored Porsche from royal motorcade // Japan’s Nikkei advances as buyers return after sell-off // COP31 leaders demand accelerated action as warming intensifies // Microsoft 365 Family cuts combined storage to 2TB // ADNOC Gas quarterly profit doubles to $1.34 billion // Toyota Land Cruiser 2025 and 2026. What Each Trim Costs in the UAE // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // Singapore introduces AI scam alerts for messaging conversations // GCC defence ministers discuss military coordination amid Iran conflict // Thai Airways discloses 60,529 records exposed through Amadeus // Messi secures consecutive MLS Golden Boots with 26 goals // California electorate defeats proposed levy on billionaire wealth // North Korean hackers widen drone and software attacks // New Two Way Trade Momentum Highlighted at China-Africa Cooperation Forum in Yiwu //

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Family businesses in the GCC region face serious challenges in a highly competitive modern-day business environment, according to a new report. Orient Planet Research’s study said key issues such as corporate governance and succession continue to stalk family-led enterprises in the region. According to the report, governance, financial and succession concerns are turning into challenges due primarily to the force of globalisation, the rising number of family […]

When North Korean traders give Li Jian long lists of the goods they want to buy, he checks the items against a 236-page Chinese translation of the UN sanctions imposed after Kim Jong Un’s regime conducted a sixth nuclear weapons test in September.  “If it’s on the sanctions list, we can’t provide it,” Mr Li said from his office in downtown Dandong, the Chinese border city through which […]

By Roberta Rampton | SYDNEY SYDNEY U.S. Vice President Mike Pence crouched down in the shade of a eucalyptus tree on Sunday at Sydney’s Tarango Zoo where Penny, a red kangaroo, dozed in the midday heat, scratching her behind the ears before she lazily rolled onto her back. “That’s my usual position on a Sunday afternoon,” Pence said as a bank of cameras clicked, capturing yet another […]

22 April 2017 In line with its core values of supporting the community in the Sultanate and developing employment opportunities for Omani youth, Sohar Islamic, Bank Sohar’s Islamic Banking Window, recently participated in the 3rd Intercollegiate Career Fair. The event was organised by Waljat College of Applied Sciences (WCAS) in association with number of colleges in the country and held under the auspices of Dr. Younis Bin […]

By Ingrid Melander | PARIS PARIS France goes to the polls on Sunday for the first round of a bitterly fought presidential election, crucial to the future of Europe and a closely-watched test of voters’ anger with the political establishment. Nearly 47 million voters will decide, under tight security, whether to back a pro-EU centrist newcomer, a scandal-ridden veteran conservative who wants to slash public spending, a […]

Finance ministers and central bankers from around the world have dropped a pledge to resist protectionism, in a further sign that the new US administration’s stance on trade is shifting the global debate.  The group from International Monetary Fund member countries issued a statement on Saturday saying they would “promote a level playing field in international trade” but did not reiterate a previous commitment to “resist all […]

The Australian Taxation Office (ATO) has warned overseas organisations selling to Australia that noncompliance with the proposed GST Low Value Goods legislation amendment may result in their websites being blocked. The comments were made in response to a question posed by the Senate Economics Legislation Committee on Friday, which is looking into the Treasury Laws Amendment (GST Low Value Goods) Bill 2017 that will see goods under […]

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The weekly EIA report showed a surprise rise in gasoline inventories and a further rise in oil production, which rattled oil bulls. Image: Shutterstock 22 April 2017 Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds […]

By Leika Kihara and Francesco Canepa | WASHINGTON WASHINGTON International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France’s presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc Mélenchon, both critics of the European Union, could top the […]

 “Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”         – Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere more obvious than in the soaring number of store closures. […]

WASHINGTON Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee (IMFC), the IMF’s steering body, also repeated its past commitments on currency exchange rates. “We will refrain from competitive devaluations, and will not target our exchange rates for competitive purposes,” the […]

The top 100 start-ups in the Middle East and North Africa (MENA) together have raised over $1.42 billion in funding and each has raised more than $500,000 individually, according to new research. Following a record year of more than $870 million in startup investment, analysts MAGNiTT published a report into the backgrounds of the founders of MENA’s most successful start-ups. It said the 100 start-ups, including the […]

BOSTON Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank’s annual meeting next week, citing the bank’s phony-account scandal. Leaders of the largest U.S. state pension system, known as CalPERS, said in an email it is voting about 13.9 million shares against the bank nominees, including its chairman, […]

22 April 2017 Kuwait – Gulf Bank’s salary account promotion has been receiving great feedback from customers; a true testament to the great value of this offer. Running until 31st December 2017, the salary account has been tailored for the Kuwaiti customers with a minimum salary of KD500, whereby they are entitled to enter a draw and win the biggest salary cash prize in Kuwait of KD250,000 […]

Malaysia and Abu Dhabi have reached agreement on a partial debt settlement for embattled government fund 1Malaysia Development Bhd (1MDB), the Straits Times reported, citing financial executives it didn’t identify. Under a deal that could be signed as soon as Friday, Malaysia would pay Abu Dhabi $1.2 billion before the end of this year and negotiate on a further $3.5 billion, the Singapore-based paper said. A proposed […]

By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]

By Francesco Canepa and Gernot Heller | WASHINGTON WASHINGTON Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president’s plans remains unclear. On a day when Donald Trump himself seemed focused on domestic matters – promising a new U.S. tax plan next week and announcing reviews of […]

ABU DHABI // An app that helps Syrian refugees find jobs in Turkey and a device that limits water consumption were named winners at the New York University Abu Dhabi Hackathon. Eighty students from universities across the globe participated in the seventh edition of the event. Ten teams were given 72 hours to produce technology that promotes a social good. With the Hiat application, recruiters and businesses […]

Len Blavatnik, the billionaire investor, has been cleared of fraud claims related to his $19bn buyout of Lyondell Chemical, according to a ruling from a US federal bankruptcy judge issued late on Friday. Mr Blavatnik combined Basell, his chemicals business, with Lyondell in 2007 to create LyondellBasell (LBI), funding the transaction with more than $20bn of debt. The business quickly collapsed from the combination of the financial […]

By Lindsay Dunsmuir | WASHINGTON WASHINGTON The United States has strongly signalled it will continue to support Ukraine, Finance Minister Oleksandr Danylyuk said on Friday, adding that the war-torn country had a “good, pragmatic” relationship with Washington. Ukraine has previously expressed some nervousness about the possibility the Trump administration might try to cut a deal with Russia over Crimea and the eastern part of Ukraine that has […]

Two pillars — Trump and China — have supported a bounteous few months for global portfolio investors. But the hope invested in both is starting to fade, casting a bearish tinge over what nevertheless remains a largely optimistic picture. In the case of Donald Trump, expectations that the US president would act swiftly to push though tax reforms, deregulation and bold infrastructure investments are starting to ebb […]

While geopolitical concerns and French election uncertainty are factors, The Wall Street Journal notes that many markets are flashing red on growth as investors begin to return to pre-election bets on the ol ‘new normal’ – a persistently weak economic expansion. There are clear signs that the sugar rush of Donald Trump’s victory and global-growth hopes has faded, raising doubts among some investors about whether stocks can […]

California’s public law schools could be in line for an unexpected source of new money, thanks to a bankruptcy judge’s creative take on a way to punish after finding that the bank mistreated a couple trying to save its home. U.S. Bankruptcy Judge Christopher Klein in Sacramento recently issued a $45 million fine against the […] (via WSJ)

It turns out several leading US banks do not require case-sensitive passwords, which could make it easier for someone to access your account. A thread on Reddit on Friday pointed out that Wells Fargo, the third largest bank in the US, doesn’t require its customers to enter a case-sensitive password. Other users confirmed the issue, whereas other banking customers began checking their own accounts and noted that […]

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Just in:
Japan’s Nikkei advances as buyers return after sell-off // UAE forecasts heavy showers across northern regions midweek // FinCEN identifies $8 billion in suspect overseas payments // France identifies Iranian Guards as supermarket hacking suspects // Flydubai Dammam cancellations persist as Etihad extends suspensions // Canada seeks tariff easing following US election upheaval // COP31 leaders demand accelerated action as warming intensifies // Iran displays school strike memorial at COP31 summit // California electorate defeats proposed levy on billionaire wealth // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues // Dubai approves airport Metro link for 2031 opening // Prudential announces title sponsorship of “Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui”, lighting up Victoria Harbour this winter // Toyota Land Cruiser 2025 and 2026. What Each Trim Costs in the UAE // Singapore introduces AI scam alerts for messaging conversations // North Korean hackers widen drone and software attacks // Moonless skies improve stargazing conditions across northern Saudi Arabia // FAB takes full ownership of Bahrain fund administrator Yasira // Messi secures consecutive MLS Golden Boots with 26 goals // Google Health introduces blood pressure logs and glucose overlays // OnePlus 16 India debut reconsidered amid launch discussions //