Shuaa Capital is working on a bolt-on acquisition of a financial services company based in the United Arab Emirates as part of the investment bank’s growth plans, chairman Jassim Alseddiqi told Reuters on Monday. The price for the targeted company, which specialises in capital markets and securities, would be less than 200 million dirhams ($54.46 million), Alseddiqi said. He also said discussions were at an advanced stage […]
Tuesday 04:40 GMT. Overview Equities in Asia were struggling ahead of comments by Federal Reserve chair Janet Yellen and as oil prices climbed back from a drop spurred by a report indicating output from the US was set to pick up. Hot topic Stock markets in the region deteriorated in afternoon trading, with Australia’s S&P/ASX 200 flat after giving up an early gain of 0.4 per cent, […]
Dubai-UAE: 13 February, 2017 The UAE imports 85 percent of its food at the cost of 15 percent of its GDP. Though this might be a scary thought, it is also an opportunity for this generation to make a real impact, said Caleb Harper on the second day of the World Government Summit 2017 in Dubai. Harper is the Principal Investigator and Director of the Open Agriculture […]
TEL AVIV Israeli Prime Minister Benjamin Netanyahu sidestepped a question on whether he still supports the creation of a Palestinian state as he left for the United States on Monday on his first visit since President Donald Trump took office. Netanyahu has never publicly abandoned his conditional backing for Palestinian statehood, which he first stated in 2009, but Palestinians say that commitment has been rendered worthless by […]
Optimism that the Trump administration is close to proposing a series of business-friendly tax reforms sent the main barometer for US small-cap stocks to a fresh high on Monday for the first time in more than two months. The Russell 2000 index, which tracks companies with market values of roughly $300m to $2bn, climbed as much as 0.7 per cent on Monday to 1,398.6, knocking out its […]
13 February 2017 Full year revenues stood at AED 173.8 million (2015: AED 178.2 million) Group losses reduced by 30% year on year as firm continues with stringent cost control and gears up for 2017 long term strategy implementation Real Estate Investment Management and Investment Banking business lines recorded systematic increase in profits Turnaround of the Group’s operations expected during 2017 Advertisement SHUAA Capital today reports results […]
The merger of the National Bank of Abu Dhabi and First Gulf Bank will be official from April 1, with shares in the new company trading from the next day, it was announced on Monday. The Abu Dhabi Securities Exchange said that it had completed the procedures for the unification of the records of the stakeholders in both banks, state news agency WAM reported. The indicative market […]
The highly anticipated Samsung Galaxy S8 and S8 Plus are not official yet, but Samsung India has already launched what looks like a support page for the larger smartphone. Samsung had a bit of a mixed year in 2016, tasting both success and failure with its flagships. While the Galaxy S7 and Galaxy S7 edge proved popular and raised plenty of interest, the Galaxy Note 7 was […]
For a long time TruePublica has consistently reported that Britain is the centre of the global money laundering business with its London Headquarters and network of off-shore tax havens. We have challenged reports and studies that have protected ‘The City’ and its army of suited mobsters that openly defy both domestic and international financial legislation whilst it administers the global looting machine. (Read our piece: Enemies of the State: […]
Muscat, February 14, 2017 Bank Sohar, continuing to invest in the capabilities and growth of its Executive Management members, has announced the appointment of Mr. Pieter De Witt, as the Bank’s new Chief Financial Officer and Mr. Khalid Khalfan Rashid Al Subhi, as the new AGM and Head of Compliance. Both; Mr. Pieter De Witt and Mr. Khalid Al Subhi are highly qualified individuals in their respective […]
‘Governor Moonbeam’ In the 1970s, Jerry Brown cemented his place in the national imagination as “Governor Moonbeam,” a liberal dreamer who embodied California cool — or California kook, depending on where one stood. He drove a Plymouth Satellite, spurned the governor’s mansion for a mattress on an apartment floor and dated singer Linda Ronstadt. But beneath that caricature lay a policy wonk who embraced the environmental movement […]
|By Matein Khalid| The US Dollar Index has now fallen 3.5% since it peaked on January 3. Donald Trump and his White House aides broke the 20 year taboo against speaking out against the “strong dollar” policy platitudes. The Federal Reserve did not raise interest rates and signaled no rate hike is imminent at the March FOMC. It is significant that the US dollar has fallen against […]
Almost 20 US banks have been specifically targeted by Lazarus hackers. Image: iStock An aggressive campaign of malware attacks against dozens of banks across the globe has been linked to the notorious cybercriminal group known as Lazarus. The hacking gang, active since 2009, has been involved in a number of aggressive cyberattacks against financial institutions, including the theft of $81m from the Bangladesh Bank’s US Federal Reserve. […]
Jeb Hensarling did not hold back last week, when asked on CNBC about the flaws of Dodd-Frank. “It clogs the arteries of capitalism in our system. It hurts working people. It hurts consumers. It needs to go,” said the chair of the House Financial Services Committee, about the signature piece of financial regulation of the Obama era. “You can’t get a healthy economy as long as you […]
Photo The Jewish settlement Ma’ale Adumim, in the West Bank. Credit Dan Balilty for The New York Times WASHINGTON — President Trump, who presented himself as a staunch supporter of Israel during last year’s campaign, took a harder line on settlements in an interview published on Friday and indicated that he was rethinking his promise to move the United States Embassy to Jerusalem. Mr. Trump told an […]
|By Arabian Post Staff| Leading UAE bank FGB has successfully concluded one of Abu Dhabi’s first Special Purpose Vehicle (SPV) aircraft financing deals, in collaboration with Abu Dhabi Global Market (ADGM). The financing deals were part of ADGM’s innovative SPV regime, and were arranged to refinance two Etihad A380 aircraft bridge financings which were maturing in December 2016 and originally financed by FGB. Natixis Leasing secured the […]
Indian Prime Minister Narendra Modi’s surprise announcement that he was cancelling 86% of the country’s cash overnight triggered weeks of panic and long lines of people trying to exchange or deposit their old notes. The meandering lines have disappeared but India’s cash-driven emerging market is still suffering as the new bills haven’t reached every corner of the economy and consumers and companies are still struggling to shift more of their transactions […]
GENEVA A U.N. report on establishing a database of companies with business ties to Israeli settlements in the occupied West Bank has been delayed, the U.N. Human Rights Council said on Monday. Reuters reported on Friday that the politically sensitive report, due this month from the office of U.N. High Commissioner for Human Rights Zeid Ra’ad al-Hussein, was not ready. The council’s president, El Salvadoran ambassador Joaquin […]
13 February 2017 Muscat – Bank Nizwa celebrated four years of redefining Islamic finance in the Sultanate by winning the ‘Islamic Bank of the Year’ organized by the leading Corporate Livewire Finance Awards. This latest accolade joins a string of prestigious awards that celebrate the bank’s journey of sustainable growth through the delivery of excellence in product quality and service. For the period ended 31st December 2016, […]
By Jamie McGeever | LONDON LONDON World stocks and bond yields rose on Monday, lifted by a re-emergence of so-called “Trump trades” as investors bet that the U.S. president’s tax reform plans will boost economic growth and corporate profits. Following on from Friday’s record high closes on Wall Street, Asian stocks rallied to 1-1/2-year peaks and European stocks rose for the fifth consecutive session on Monday, their […]
Submitted by Nick Kaman of Letters from Norway Introduction: Norwegians are just now starting to grapple with the effects of their “single cylinder” economy, mostly dependent on oil and gas (ca. 60% of exports). Despite optimism about $50-$70/barrel oil, American crude output is surging, on track to be the highest ever, since 1970, while cracks start to form in OPEC’s latest agreement. In addition to the oil […]
Feb 13, 2017 11:59 am IST An earnest band of Indian activists is asking rich people to boycott money, so there’s more for the needy. A motley mix of bankers, Bollywood stars and bikers have pledged their support to Prime Minister Narendra Modi’s November move to ban almost 90% of Indian currency to fight counterfeiting, tax evasion and terrorism. A story from The Wall Street Journal investigated […]
By Tetsushi Kajimoto and Stanley White | TOKYO TOKYO Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. Data on Monday showed the world’s third-largest economy grew an annualized 1.0 percent in October-December, roughly in line with […]
A bench led by Justice Dipak Misra was asked to direct the CBI to lodge FIRs and conduct probe into the alleged offences under the Prevention of Corruption Act and Prevention of Money Laundering Act. (PTI) The Supreme Court today will hear the plea seeking a Central Bureau of Investigation (CBI) probe into the Panama papers expose case, in which many Indian industrialists and celebrities have been […]
