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Committed to its new strategy to support the corporate sector with innovative financing solutions 18 February 2017 Kuwait – Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al-Mulla International Financing to reach the amount of 50 Million Kuwaiti Dinars. This substantial agreement reflects Warba Bank’s […]

Since Ancient times, Visual Capitalist’s Jeff Desjardins explains, gold has served a very unique function in society. Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, […]

This market reminds us of this…“none shall fall”   Gold remains 2017’s biggest gainer, oil is down, bonds flat and the panic bid this week dragged The Dow higher…   After 6 straight intraday ramps in the S&P 500, the last two days – since Catalyst stopped its forced covering – have seen the character of the market shift notably…   On the week, Nasdaq was the […]

By John Tilak and David French | TORONTO/NEW YORK TORONTO/NEW YORK Kinder Morgan Inc (KMI.N) has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the C$6.8 billion ($5.2 billion) expansion of its Trans Mountain pipeline project, according to people familiar with the process. Kinder Morgan has held discussions with Canada Pension Plan Investment Board, the Caisse de […]

Current economic conditions around the world provide a good foundation for growth. But unprecedented levels of market uncertainty mean that organizations have to be ready to change strategy faster than ever before. Growth around the world In the US, President Donald Trump has inherited an economy with strong fundamentals: low inflation, and the lowest unemployment rate since 2007. He has promised a pro-business economic agenda with lower […]

Gemini Property Developers has announced that Gemini Splendor, the first of a series of luxury residential projects in the GCC over the next few years, is on track for completion in early 2018. Gemini Splendor is being built in the Hartland community in Dubai’s Mohammed Bin Rashid (MBR) City, with a built-up area of over 320,000 sq ft. The project is expected to be completed in early […]

Why would lobbyists donate to Trump’s transition team, which served as the official “government-in-waiting” that worked to craft the new administration’s policies and identify potential presidential appointees? “Money buys access and influence,” said Craig Holman, a lobbyist for the public interest group Public Citizen, adding that he’s disappointed by the actions of a candidate who pledged to “drain the swamp” in Washington, D.C. “Trump isn’t carrying through […]

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By Yashaswini Swamynathan U.S. stocks were set to open lower on Friday, after a record-setting few days on Wall Street, as investors await clarity on economic policy and ahead of a long weekend. The S&P 500 has risen about 5 percent so far in 2017, with the Dow Jones Industrial Average up 4 percent, mainly on signs of an improving economy and promises by President Donald Trump […]

A Spanish court has sentenced the king’s brother-in-law to six years and three months in jail, delivering a harsh blow to the standing of the monarchy at the end of a long-running criminal trial that has captivated the nation. Iñaki Urdangarin, a former Olympic handball player and the husband of Princess Cristina, was found guilty of fraud, corruption and a range of other charges. The prosecution had […]

Submitted by Pam Martens and Russ Martens via WallStreetOnParade.com, Less than two weeks after Mary Jo White was nominated to become Chair of the Securities and Exchange Commission by President Barack Obama on January 24, 2013, White filed an ethics disclosure letter advising that she would “retire” from her position representing Wall Street banks at the law firm Debevoise & Plimpton. White wrote on this subject in […]

Friday 04.40 GMT Overview Market volatility dissipated in Asia trade on Friday as the dollar’s downward momentum eased and US Treasuries steadied, but equities in the region were led lower by heavyweights including Toshiba and Samsung. Hot topic Shares in Japan’s Toshiba dropped as much as 12.2 per cent, bringing the company’s market capitalisation nearly 25 per cent lower for the week with a cumulative loss of […]

The emirate of Dubai is expected to issue a US dollar bond by the end of the first quarter, though it has not yet sent to banks any official requests for proposals to arrange the issue, banking sources familiar with the matter said on Thursday. Banks that had lead managers’ roles on Dubai’s previous debt issues have pitched for a new mandate, added one of the sources, […]

Image: Relax VR The early promise of virtual reality (VR) was vast: We would be transported to new worlds and live in alternate realities. While scientists and programmers have been investigating the possibilities of VR since the 1960s, it’s only in the last few years that the technology started to gain mainstream traction, with VR applications spanning from education to real estate. Australian startup Relax VR is […]

Shaul Arieli, an Israeli expert on political geography who prepared maps for past negotiations with the Palestinians and is a member of Commanders for Israel’s Security, the group behind the billboard campaign, said “one state is impossible” for Israel. Demographically and economically, absorbing millions of comparatively poor Palestinians would destroy it, he said. Results of a survey of Israelis and Palestinians released on Thursday, put out jointly […]

For a coking coal industry that enjoyed bumper profits last year off the back of a price rally that made it 2016’s best performing big commodity, Teck Resources’s chief executive summed up the industry’s uneasy reliance on policymakers in Beijing. “I think on Chinese policy, we could go around the table and everyone would have a different opinion on that one,” Don Lindsay told analysts after reporting […]

Sen. Antonio Trillanes IV press briefing at the Senate regarding Pres. Rodrigo Duterte bank accounts.INQUIRER PHOTO/LYN RILLON The common-law wife of President Duterte, Cielito “Honeylet” Salvador Avanceña, had almost P200 million in bank transactions in Davao City between 2004 and 2009, according to Sen. Antonio Trillanes IV, who vowed on Thursday to resign as senator if he was proven wrong. Citing a new set of documents, Trillanes […]

Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]

The number of American companies tapping Europe’s bond markets has fallen this year with rising relative borrowing costs on the continent weakening the case for cross-border debt. An extended rally in European credit has enticed US companies to borrow over €100bn of so-called “reverse Yankee” bonds over the past two years with corporate bond purchases from the European Central Bank driving down yields. But appetite is fading […]

SMEs are going to dominate the renewables space, especially in emerging markets, such as the GCC, with the private sector playing a key role in driving adoption. UAE SMEs driving adoption and growth of the renewables sector The UAE’s cleantech industry is today buzzing with several start-ups and medium sized firms investing huge amounts of time and resources to identify better, more efficient and sustainable ways to […]

ISLAMABAD: A five-member bench of the Supreme Court headed by Justice Asif Saeed Khosa resumed hearing the Panama Leaks case, today. Salman Akram Raja, the counsel for PM’s family is continuing his arguments. During the proceedings, he provided the service records of Minerva firm pointing that Faisal Tiwana, a representative of Hussain Nawaz, made an agreement with the Arena company. Justice Azmat Saeed responded by inquiring the […]

Now money from the tag auction goes to the general big-game budget of about $10 million, according to Regina Abella, California’s desert bighorn sheep coordinator. That makes it harder to discern exactly how and where the $223,250 will be spent. But no other game tags come close to creating the kind of revenues that the sheep tag does, Abella said. The elk tag might attract $30,000. Continue […]

It is not just equities that are rebounding this month. The dollar is up almost 2 per cent against a basket of its peers as it resumes an upward path that most in the foreign exchange market believe is the natural consequence of the economic policies Donald Trump has vowed to deliver. Given the US president has suggested he prefers a weaker dollar, its fresh strength has […]

When India suddenly banned its largest bank notes in November, it led to confusion throughout the country and slowed down the cash-dependent economy. In big cities, the cash ban appears to be spurring digital payments, as the government had hoped. But in rural India, where internet access isn’t reliable, financial access through digital services is slow to take hold. The Wall Street Journal reported on how people […]

Mr. Trump’s position on a two-state solution discarded a policy that has underpinned America’s role in Middle East peacemaking since the Clinton administration and raised a host of thorny questions. Continue reading the main story The Palestinians are highly unlikely to accept anything short of a sovereign state, and a single Israeli state encompassing the Palestinians would either leave them as second-class citizens or would no longer […]

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