All but one of the students were enrolled in the Deferred Action for Childhood Arrivals program, also known as DACA. Created in 2012 by an Obama-administration executive action, DACA allowed teenagers and young adults who came to the United States illegally as children with their parents to register with the government and in turn receive a two-year renewable protection against deportation, along with work permits and Social […]
Dubai, UAE; 25th January 2017 Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the year ending 31st December 2016. Key highlights [2016 vs 2015]: Stable growth in Operating Income Operating Income up 3.2% year-on-year to AED 6.2 billion driven by strong growth in Net Interest Income & Net Income from Islamic Products Advertisement Net Interest Income & Net […]
The Dow Jones Industrial Average on Wednesday rose above 20,000 points for the first time marking a milestone for Wall Street’s venerable equity barometer as the Trump trade that stalled at the onset of 2017 resumes. The gauge of blue-chip companies climbed 0.5 per cent to 20,014 in opening trading, as US equities extended their record-setting rally that began after the presidential election in November. Investors have […]
Bloomberg has gone where MSCI feared to tread, becoming only the second major index provider to include China’s onshore markets in widely-followed benchmark indices in a move that could prompt rivals to follow suit. China is home to the world’s second-largest stock market and the third-largest bond markets, but its tight control of onshore activity has made its inclusion in flagship indices contentious, with many investors arguing […]
By Andrea Shalal | BERLIN BERLIN Growing levels of perceived corruption and social inequality provided fertile ground for the rise of populist politicians in 2016, global watchdog Transparency International said on Wednesday. TI said populist leaders like U.S. President Donald Trump and French presidential candidate Marine Le Pen regularly drew links between a “corrupt elite” and the marginalisation of working people. But anti-establishment parties generally failed to […]
Wednesday 05:05 GMT Overview Major stock markets across Asia were mostly positive, buoyed by a record high for the S&P 500 in the US and by stronger prices for base metals supporting materials stocks. Hot topic The Australian dollar was the big loser among Asian currencies, down 0.5 per cent at $0.7541 against its US counterpart after inflation data for the December quarter fell short of economists’ […]
In response to poor Sally Boynton Brown’s anti-white rhetoric, who is vying for leadership of the DNC by promising to shut her fellow white people down, Dr. Michael Savage offered poignant commentary — hearkening back to when Amy Biehl was killed by S. African retrogrades — bridging the two anti-white women together by describing them as being afflicted by an acute mental malady — bordering on self-immolation. Listen to the […]
By Tetsushi Kajimoto | TOKYO TOKYO Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and dent external demand. Ministry of Finance data showed on Wednesday that exports rose 5.4 percent year-on-year in December, compared with a 1.2 […]
Until recently, oil rich Gulf states could afford to ignore global bond markets. While developed and developing countries issued record sums of debt in the years after the financial crisis, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates used the vast oil wealth to propel themselves to affluence. The states — members of the six-country Gulf co-operation council — built skyscrapers, schools and motorways […]
PANAMA CITY (AFP) – Panama is suspending its probe into the Panama Papers, the leak of a legal firm’s files on clients who stored assets in opaque offshore companies, prosecutors said on Tuesday (Jan 24). The records from the Panamanian law firm Mossack Fonseca revealed the names of leaders, politicians, celebrities and wealthy individuals from around the world who used the firm to create offshore entities to […]
HPE is acquiring Cloud Cruiser, the companies announced Tuesday. The terms of the deal were not immediately disclosed. Cloud Cruiser provides cloud-consumption analytics software, which HPE uses for its Flexible Capacity business. Flexible Capacity, a high-growth component of HPE’s Technology Services portfolio, allows customers to manage IT infrastructure within their own datacenter with a pay-as-you-go model. The Northern California company was founded in 2010 and counts enterprises […]
TOKYO Shares in Japanese air bag manufacturer Takata Corp (7312.T) gained 18.2 percent on Wednesday, rising by a daily limit of 80 yen to 519 yen ($4.56), stemming four days of steep decline brought about by investor fear of a court-mediated bankruptcy. Takata shares were down 40 percent from a week earlier. (Reporting by Tokyo Markets Team) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var […]
The club crest of Spanish soccer team Real Madrid will be altered to remove the traditional Christian cross from clothing apparel sold in some Middle East countries under a regional deal. Marka, a retailing group in the United Arab Emirates, has been granted exclusive rights to “manufacture, distribute and sell Real Madrid products” in the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman, the company said in […]
24 January 2017 Warba Bank has today announced that, with immediate effect, Simon Clements has been named Chief Retail Banking Officer, taking over the responsibilities for Warba’s Retail Banking Group. In this role as Chief Retail Banking Officer, Clements will work towards enhancing customer experience and developing new and personalized products and services for our customers, significantly bettering our capability to support the Bank’s growing presence in […]
Of the many quandaries investors must grapple with this year, high on their list is Donald Trump’s relationship with Vladimir Putin. Not far behind is this — should they throw off their instinctive caution about Russia and its president, and push the rouble a lot higher? The turnround in the Russian rouble’s fortunes largely reflects the recovery in the price of oil, the country’s biggest export. That […]
Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world’s biggest initial public offering, sources familiar with the matter told Reuters on Tuesday. Morgan Stanley and HSBC are among banks that have received the request for proposals, one of the sources told Reuters, with the other adding that the invitation was to evaluate Aramco’s […]
Via GEFIRA, US-centric media are reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries. If we consider the European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU’s holdings are artificially overstated […]
Photo Construction in the West Bank settlement of Ma’ale Adumim on Sunday. The Israeli government is showing signs that it is increasingly willing to disregard international condemnation of its settlements. Credit Mahmoud Illean/Associated Press JERUSALEM — Israel on Tuesday approved the construction of 2,500 housing units for Jews in West Bank settlements, throwing off diplomatic restraint just a few days into the beginning of the Trump administration. […]
A wave of about 25 African, European and South American countries is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald Trump rails against the ills of economic globalisation. Jin Liqun, president of the AIIB, said on Monday that an expanded membership would help boost lending by the $100bn multilateral organisation, which […]
By Luke Baker and Matt Spetalnick | JERUSALEM/WASHINGTON JERUSALEM/WASHINGTON During the presidential campaign, Donald Trump’s team spoke often about moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. But since taking office, the contentious issue has become more nuanced and may already be moving to the backburner. In a statement issued before a first post-inauguration phone call between Trump and Israeli Prime Minister Benjamin Netanyahu […]
January 24th 2017 BBK recently announced new appointments in its Executive Management as part of the new organization structure. Amongst those, the Bank welcomed on board Dr. Adel Salem, as Assistant General Manager – Retail Banking Division, succeeding to Mr. Mohammed Malik, who has been appointed as Deputy Chief Executive and Head of Banking Group. Dr. Adel Salem has an extensive experience spanning over 30 years in […]
23 January 2017 Foursan Group, a leading Middle Eastern private equity firm, announced today the successful exit by its fund, Foursan Capital Partners (“FCP”), of its investment in Jordan Dubai Islamic Bank (“JDIB”), a premier Islamic banking institution listed on the Amman Stock Exchange. FCP was the second largest shareholder of JDIB and sold its stake to Bank Al-Etihad, a leading, publicly-listed financial services institution, realizing a […]
Last Updated On 23 January,2017 09:52 pm Malik says there’s nothing new in documents, they prove nothing and have no significance LAHORE, ISLAMABAD: (Web Desk) – Prime Minister (PM) Nawaz Sharif s spokesperson Musadik Malik on Monday responded to the documents released earlier today by International Consortium of Investigative Journalists (ICIJ) regarding the ownership of Sharif family s offshore companies. Musadik Malik said that there was nothing new in […]
By Maher Chmaytelli and Saif Hameed | BAGHDAD BAGHDAD Iraqi officials said on Monday government forces had taken complete control of eastern Mosul, 100 days after the start of their U.S.-backed campaign to dislodge Islamic State militants from the city. The deputy parliament speaker announced the capture of the east of the city, Islamic State’s last major stronghold in Iraq, after a meeting with Prime Minister Haider […]
