AMMAN: A Jordanian soldier who killed seven Israeli schoolgirls in 1997 was released on Sunday after serving 20 years in prison, his family said.“The authorities released Ahmad Dakamseh this Sunday around 1:00 am after he finished his jail term. He is now a free man,” his cousin Mohammed Yahya Dakamseh told AFP by phone.Ahmad Dakamseh was released from the Bab Al-Hawa prison in Irbid, 90 kilometers (60 […]
Chinese leasing companies have taken ownership of hundreds of vessels in deals worth tens of billions of dollars in the latest sign of the industry’s rapid transformation amid a long-running financial crisis. The deals made by Chinese companies, including the leasing businesses of ICBC, China Minsheng Bank and Bank of Communications, have provided badly-needed financing for shipowners as miserable trading conditions dominate most shipping sectors. Although there […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]
PARIS Francois Fillon’s party has apologised for tweeting a caricature of Emmanuel Macron, his main rival in the race to be France’s next president, that Fillon himself admitted was anti-Semitic. Fillon’s conservative The Republicans tweeted an image of the independent centrist Macron with a hooked nose, wearing a top hat and carrying a red sickle with which he was cutting a cigar. The image resembled anti-Semitic propaganda […]
Thanks to a new radar technique employed by NASA, India’s first lunar probe that went missing about eight years ago has finally been found. Chandrayaan-1 The Indian Space Research Organisation launched its first moon probe Chandrayaan-1 in October 2008 but less than a year after the spacecraft successfully entered lunar orbit, technical problems started to emerge. By August 2009, controllers lost contact with the spacecraft. After about […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Saturday, opens Oumolat Security Printing, a banknote printing company in Khalifa Industrial Zone Abu Dhabi. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, is briefed by the Governor of the UAE Central Bank Mubarak Rashed Al Mansoori about the facility’s production machinery. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on […]
DUBAI // Lubna is a 38-year-old mother who fears she will soon be forced to live on the streets, along with her three-year-old son. She lives in a rented flat paid for by a benefactor. “It’s paid for until the middle the month but then I am on the streets,” she says. Lubna wasn’t always living with the threat of homelessness. She came to Dubai seven years […]
Company’s yearly revenue surges by more than 30% in 2016, staff strength increases from 350 in 2015 to 600 in 2016 11 March 2017 Abu Dhabi, UAE – Emirates International Property Services (EIPS), a Bloom Holding subsidiary that offers a comprehensive range of competitive, customised facility management services, has adopted a simpler and more dynamic brand name – b.fm. The move is part of the company’s strategy […]
The Supreme Court on Tuesday asked the Centre to submit six reports from various agencies in connection with the investigation into the Panama Papers leak. The apex court has given four weeks’ time to file the reports and said would then decide if the case merits a probe by a special investigation team. The court will take up the matter again on April 18, reported ANI. In […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. British reporter Iona Craig went to the al Ghayil, the Yemeni town stormed by Navy SEALs in the raid that President Trump says was a great success even as it claimed the life of the operator whose widow was honored […]
This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of […]
By Trevor Hunnicutt and Gertrude Chavez-Dreyfuss | NEW YORK NEW YORK The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency. Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE […]
March 11, 2017 by: Mehul Srivastava in Istanbul and Duncan Robinson in Brussels Turkish President Recep Tayyip Erdogan has accused the Dutch authorities of being “fascists” after they blocked a flight carrying his foreign minister from travelling to Rotterdam. He also threatened to stop flights to Turkey from the Netherlands. Mevlut Cavusoglu had been due to address a Turkish rally as part of a campaign to win […]
11 March 2017 Kuwait – Kuwait Finance House (KFH) provides exclusive offers on 5 insurance policies for customers in collaboration with KFH-Takaful. The offers encompass 6 customer segments; Awlwiya-Nukhba-Ruwaad-Tamayoz- Sundus and Rubban. This covers the Sanad, Youmnak and Supplementary insurance policies on comprehensive cars insurance, in addition to Sanad for medical insurance and the policy of travel insurance. The discounts reach up to 50% until end of […]
Burkhard Varnholt last week paid €14 for lunch for two people at a smart restaurant in Berlin. “The euro is so cheap,” says Credit Suisse’s deputy chief investment officer. It is cheap because of one factor: Marine Le Pen. In normal circumstances, the euro would be trading a lot higher on the back of the eurozone’s record current account surplus, an unemployment rate at its lowest in […]
MEPs: Bankers, lawyers and accountants are “enablers” of tax avoidance A WIDE SUPPORT NETWORK of professional organisations “played a crucial role” in the biggest financial tax evasion scandal in world history, according to MEPs interrogating the circumstances and causes behind the Panama Papers tax scandal. Institutions of bankers, lawyers and accountants acted as “enablers and promoters of tax avoidance” allowing corporate and financial interests to slash trillions […]
U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, according to people familiar with the matter. The move comes as more consumers become comfortable with online used-car purchases. TrueCar Inc (TRUE.O), for example, a car-shopping service that matches buyers with dealers online, has seen its shares […]
Hopes for a new way to trade bitcoin were dealt a blow on Friday when US regulators rejected an application that would have let the Winklevoss twins launch an exchange traded fund tracking the digital currency. The Securities and Exchange Commission said it would not allow Bats Global Markets to list shares of the Winklevoss Bitcoin Trust based on concerns that “significant markets for bitcoin are unregulated”. […]
Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. Up 32 percent since the election of Donald Trump, the S&P 500’s bank index .SPXBK has outpaced the wider market’s gain by roughly 3-to-1. Now, however, a changing dynamic in the bond market […]
Saudi Arabia’s is set to narrow during 2017 on the back of higher oil prices, discipline in spending and non-oil revenue measures, according to a new research note by Bank of America Merrill Lynch. BofA Merrill Lynch said it sees the 2017 budget deficit at SR316 billion ($85 billion), about 12 percent of the Gulf kingdom’s GDP, compared to a deficit of SR402 billion in 2016, which […]
Dubai, UAE, 9 March 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded with “Best Sukuk House” at the EMEA Finance Middle East Banking Awards 2016. The ninth edition of the EMEA Finance Middle East Banking Awards took place at the Conrad Hotel in Dubai recently, and celebrated the regional banking industry’s top achievers. Dubai Islamic Bank is an international leader […]
By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week. Indexes ended lower for the week, however, with the S&P 500 and Nasdaq breaking a six-week streak of gains. Government data showed 235,000 jobs were added in the public and […]
A Chinese property developer constructing a huge housing project in southern Malaysia has become the latest corporate victim of Beijing’s crackdown on capital flight. Country Garden has closed showrooms in mainland China for its flagship $100bn Forest City development in response to measures by Chinese regulators that have made it harder for individuals to move money out of the country. A slowing Chinese economy, rising US interest rates […]
