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28 February 2017 A host of local and international experts discussed the requirements needed for the UAE to successfully establish a Reproduction Rights Organisation (RRO), during the second day of the Emirates Reproduction Rights Forum, which took place yesterday (Tuesday) in Sharjah. Hosted at the emirate’s Flag Island, the concluding activities in the first forum of its kind in the region featured experts on reproduction rights who […]

Image by Arafat Uddin (Creative Commons) The financial services industry is undergoing digital disruption and change. Insurance, as part of that industry, also faces new opportunities and challenges. To explore these issues, I spoke with the CIO for Information at Swiss reinsurance giant, Swiss Re. Rainer Baumann handles the data and tools that experts inside the company use to understand and evaluate a broad range of insurance […]

By Steve Holland | WASHINGTON WASHINGTON After a turbulent start to his presidency, Donald Trump goes before the U.S. Congress on Tuesday night to give a speech that will be closely watched for details of his plans for the economy and whether he can strike a more conciliatory tone. World financial markets will be scrutinizing the 9 p.m. (0200 GMT Wednesday) address in the House of Representatives […]

First Gulf Bank (FGB) chief executive officer Andre Sayegh on Tuesday said its merger with the National Bank of Abu Dhabi (NBAD) will create a “large and strong” bank that can compete on an international scale. The merger of the two Abu Dhabi-based banks was announced in July last year which when completed by end of first quarter 2017 will create one of the largest banks in […]

Just because…   The Record Winning Streak Is Over…   They desperately tried to ramp it but failed NOTE: Today was the worst day for Small Caps since October *  *  * Banks, Bonds, Bullion, and Broad equity indices were all up in February…   So was VIX…a massive divergence for a month   Dow led the way this month with a 4th monthly gain in a […]

A strong performance in total asset standing at 46 billion QR, driven by a strong growth in the finance portfolio that reached 29.8 billion QR. Customer deposits reached 29.9 billion QR with a 17.7% growth rate. Doha – Qatar, 28 February 2016 Barwa Bank convened its Annual General Meeting (AGM) on Monday the 27th of February 2017, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al […]

ABU DHABI // The number of Emiratis working in the private sector will need to increase tenfold over the next 5 years, members of the Federal National Council say. Naama Al Sharhan said private sector firms – in particular those that are foreign-owned – need to be encouraged to hire more UAE nationals. The FNC debate came after recruiters were deployed in every emirate to find jobs […]

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Barely a year ago, Vale, the Brazilian mining company, was reeling. Prices of iron ore, its principal export, were at an all-time low, investors were ditching its shares and China — the market on which it most depends — looked as if it was heading for a rapid and uncontrolled slowdown. Fast forward 13 months and iron ore is back in fashion. Vale is producing record amounts […]

With US stock markets hitting record highs last week, the question has to be asked. Has the Trump reflation trade — long in equities, short in bonds — run its course? In the equity market it has been a crowded trade for quite some time. On the bond side, futures market data are telling us that there are exceptionally large speculative bear positions in the market. This […]

OFRA, West Bank: Israeli police began removing settlers and hundreds of supporters on Tuesday from nine houses built illegally on privately owned Palestinian land in the occupied West Bank.Police carried some of the settlers and protesters out of the red-roofed structures in the settlement of Ofra, while others walked out, escorted by officers.Israel’s Supreme Court has ordered the demolition of nine buildings in the settlement of more […]

Tuesday 12:30 GMT Overview Global stocks are finishing a positive month on a mixed note as traders appear cautious about making fresh bold bets ahead of Donald Trump’s speech to a joint sitting of the US Congress later on Tuesday. The dollar is fairly steady, while gains for perceived haven assets such as Treasuries and the Japanese yen speak to the underlying tentative tone. Hot topic The […]

Shortly after breaking the Panama Papers, an international exclusive that shed light on illegal offshore banking around the globe, the International Consortium of Investigative Journalists should have been riding high. Instead, the scrappy cross-border investigative team was facing the dreary prospect of laying staffers off due to a financial squeeze at its parent organization, the Center for Public Integrity. “I did feel a little deflated,” said Gerard […]

BEIJING China plans to target broad money supply growth of around 12 percent in 2017, slightly lower than last year’s goal, policy sources said, signaling a bid to contain debt risks while keeping growth on track. Under its new “prudent and neutral” policy, the People’s Bank of China (PBOC) has adopted a modest tightening bias in a bid to cool torrid credit expansion, though it is treading […]

Early last year Olivier Leprêtre signed a new lease on a €2.7m fishing boat. Then the UK voted to leave the EU — and the trawlerman from Boulogne-sur-Mer on the other side of the Channel is already regretting his decision. “If I’d known Brexit would happen, I never would have signed,” he says, gesturing towards the British coastline just 50km away. “It could crush us.” His fears […]

28 February 2017 Abu Dhabi City Municipality – THE Abu Dhabi City Municipality has made a remarkable increase in strategic partners’ satisfaction about the existing agreements thanks to the improvements carried out by the Municipality aimed to bolster cooperation with partners, leverage the scale of municipal services to measure up with partner’s aspirations and meet the requirements of sustainable development in Abu Dhabi. The achievement reflects the […]

BEIJING Chinese state media has reacted with anger and threats of boycotts after the board of an affiliate of South Korea’s Lotte Group approved a land swap with the government that will enable authorities to deploy a U.S. missile defence system. The government decided last year to deploy the U.S. Terminal High Altitude Area Defense (THAAD) system, in response to the North Korean missile threat, on land […]

The fact that farm incomes have come under increasing pressure over the past couple of years should come as little surprise to our readers (for those who missed our latest update, see: “Midwest Farm Bubble Continues Collapse As Farm Incomes Expected To Crash In 2017“).  Unfortunately, at least according to Bank of America’s Global Ag Chemical team led by Steve Byrne, farmers shouldn’t expect a reprieve any […]

Your daily guide to community and cultural activities across the Emirates for February 28, 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 exhibition Catch […]

SoftBank is leading efforts to consolidate the space technology sector with talks to merge OneWeb, the US satellite start-up it backs, with Intelsat, one of the world’s largest commercial satellite operators. Bonds sold by Intelsat surged on Monday after it was reported that the deeply indebted satellite operator was nearing a deal with SoftBank to merge with OneWeb, which raised $1.2bn from the Japanese group and other investors in December. […]

Pro-government lawmakers accused Mr. Sadat of leaking drafts of the law to foreign embassies, and of faking the signatures of 16 fellow lawmakers on another proposed law that he had drafted. Mr. Sadat denied the accusations, saying he had circulated his criticism only in a news release via email and his website. Continue reading the main story Mr. Sadat’s expulsion highlighted the lopsided balance of parliamentary power […]

Chinese companies have borrowed more money from the international bond market than from domestic investors so far this year, breaking with tradition as authorities in Beijing focus on curbing capital outflows. Banks and other corporate borrowers have been quietly encouraged to raise money offshore in other currencies, limiting the need for Chinese companies to sell renminbi to finance overseas investments. Borrowing more outside the mainland also allows […]

The National Australia Bank (NAB) has announced the appointment of three executives on Tuesday, which includes former New South Wales Premier Mike Baird. Baird will join the bank in the capacity of chief customer officer, Corporate & Institutional Banking, after announcing his retirement from politics in January. Joining Baird at NAB is Patrick Wright, who leaves his tenure as global chief Operations & Technology at Barclays in […]

When Turkey’s children returned to school in September, there was something new on the curriculum: a week-by-week syllabus, mandated by the minister of education, celebrating what many call Turkey’s “second revolution”. Course materials included two slickly produced patriotic videos laced with references to President Recep Tayyip Erdogan’s success in putting down the attempted coup on July 15. The first opens with an image of Mustafa Kemal Ataturk, […]

French government debt has capped its best run since the aftermath of Britain’s vote for Brexit, underlining the rapid shift in investor sentiment towards the country’s presidential election which now looms over financial markets. The yield on the 10-year French bond dropped to its lowest in a month, as money managers and traders continued to take succour after centrist candidate Emmanuel Macron received the backing of potential […]

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