Saudi Arabia posted its first rise in non-oil exports for eight months in January, according to latest data released by the country’s Central Department of Statistics and Information. The value of Saudi Arabia’s imports shrank 11.6 percent to SR43.2 billion from a year earlier in January while non-oil exports rose by 10.3 percent to more than SR14 billion over the same period. Non-oil exports traditionally account for […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week. The dollar lost ground after investors sold stocks overnight and looked to safe havens as political uncertainty overshadowed positive U.S. economic data and solid growth in global manufacturing. European markets were also […]
April 4, 2017 by: Hudson Lockett in Hong Kong Tuesday 06.00 BST Overview Asian bonds rallied on Tuesday and yield on US Treasuries dipped to a five-week low ahead of key US events later in the week, while sentiment on South Africa’s rand soured further after S&P downgraded the country’s credit rating. Hot topic The yield, which moves inversely to price, on 10-year US Treasuries rose 1 […]
Dallas Mayor Mike Rawlings has finally reached his maximum willingness to throw taxpayer dollars at the Dallas Police and Fire Pension (DPFP) system and has pulled is support for a bill that, if it passes, will undoubtedly prove to be yet another futile effort to save the system from insolvency. Despite support for the original legislation introduced by Dan Flynn, chair of the pensions committee in the […]
Under the patronage of Prime Minister and Minister of the Interior, His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, QDB will officially open 2nd Government Procurement & Contracting Conference and Exhibition – Moushtarayat 2017 – to the public from 6 to 8 April 2017 The expo is held in partnership with the Ministry of Finance (MoF) National Procurement Awards to recognize big buyers that have contributed […]
DUBAI // Three men convicted of hacking into White House officials’ email accounts will be handed over to the US after completing their jail terms in the UAE, a Dubai Police official has said. Dubai Police had arrested the Nigerians, two aged 26 and one aged 24, on suspicion that they were part of a network that in 2015 targeted five senior White House officials. Maj Saud […]
Your daily guide to community and cultural activities across the Emirates for April 4, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Art talk Register […]
ZDNet ST. MAARTEN: The cybercriminals allegedly responsible for an attack on Bangladesh’s central bank which left the country’s wallet millions of dollars lighter is showing “no signs of stopping,” according to security experts. The group, dubbed Lazarus, managed to dupe banking staff into transferring $80 million from the Central Bank of Bangladesh’s New York Federal Reserve account after spending several months studying how the financial institutions communicated […]
Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]
You need Javascript and either Adobe Flash or Html5 to view this video. You need Javascript and either Adobe Flash or Html5 to view this video. Video: Matthew Mirabelli Konrad Mizzi is refusing to reply to any more questions on his involvement in the Panama Papers, saying that he has now exhausted all questions on the matter. Following a press conference on a new joint venture with […]
By Saad Sayeed | ISLAMABAD ISLAMABAD Pakistan resumed the repatriation of Afghan refugees on Monday, sending nearly 1,200 people back across the heavily guarded northern Torkham border, an official at the United Nation’s refugee body said. Pakistan is home to the world’s second largest refugee population, with a total of 2.5 million Afghans living there. Many have been in Pakistan since the Soviet invasion in 1979. Relations […]
To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics. “The climate is moving much faster than people think, and the responses are going to move much faster as well”, he says, arguing that measures to help polluters announced last week by the administration of Donald Trump may […]
The merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) formally completed on Sunday, as the board of directors unveiled a new name for the bank. In a statement, the board of directors announced that the merged entity would be named First Abu Dhabi Bank, subject to regulatory approvals and following a General Assembly Meeting to be held “at a later stage” to […]
Australia’s house prices are rising at their fastest pace in seven years, igniting fears of an emerging property bubble and prompting regulators to crack down on risky bank lending. New figures on Monday show residential property prices have increased 12.9 per cent in the past 12 months, with prices in Sydney surging 18.9 per cent — the fastest rate of growth in almost 15 years. “Four of […]
Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]
A team of researchers has found a new species of tyrannosaur dinosaur — the most popular of the prehistoric creatures. After the fossils were pulled out of the muddy banks of a Montana river, the team was able to analyze the texture of the facial bones of the new species. The findings suggest that the face of tyrannosaurs was covered in a scaly protective layer with a […]
When the International Consortium of Investigative Journalists and more than 100 media partners began publishing the Panama Papers investigation on April 3, 2016, almost no country was untouched by its revelations. Governments in more than 70 countries have launched over 150 investigations, inquiries, audits and probes into the affairs of thousands of people and corporations linked to Panama Papers. Just last month, Malta’s tax office announced it […]
Abu Dhabi, 2 April 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named the Best Islamic Financial Institution in the UAE by Global Finance Magazine, one of the world’s leading finance and banking publications. Now in its 10th edition, the Global Finance Magazine awards are bestowed on banks that provide best in-class Shariah-compliant banking services and solutions, utilize modern and efficient channels to […]
Your daily guide to community and cultural activities across the Emirates for April 3, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Comedy show Beat […]
To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics. “The climate is moving much faster than people think, and the responses are going to move much faster as well”, he says, arguing that measures to help polluters announced last week by the administration of Donald Trump may […]
By Alexandra Ulmer and Alexandra Valencia | QUITO QUITO Leftist government candidate Lenin Moreno claimed victory in Ecuador’s presidential vote on Sunday, bucking a shift to the right in South America, but the conservative challenger asked for a recount as his supporters took to the streets in protest. A Moreno win would come as a relief for Wikileaks founder Julian Assange after Guillermo Lasso vowed to remove […]
TOKYO Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed in early trade while Japan’s Nikkei .N225 rose 0.1 percent. Ex-Japan Asia MSCI had gained 12.3 percent in the last […]
China’s Huishan Dairy raised millions of dollars by selling shadow bank products labelled as “low risk” to the public last year, only months before missed loan payments sent creditors scrambling to protect themselves, according to exchange listings in north-east China. Huishan’s share price plunged 85 per cent in Hong Kong on March 24 amid reports — which the company denies — that chairman and controlling shareholder Yang Kai embezzled Rmb3bn […]
02 April 2017 Manama, Bahrain: Albilad Real Estate Investment Company is promoting “Water Garden City” at Gulf Property Show 2017. The official Master Community Developer of Water Garden City is promoting the mixed use water-front development which is situated in the Seef District. “The Gulf Property Show is one of the most important real estate event in the Kingdom of Bahrain “ says Zeyad Janahi, General Manager […]
