DUBAI // The wife of Sheikh Mohammed bin Rashid has called her husband’s accession day, January 4, a “precious day” as she praised the launch of the UAE Food Bank. Sheikha Hind bint Maktoum, wife of Sheikh Mohammed, Vice President and Ruler of Dubai, spoke out to remind the nation of the Ruler’s ambition of achieving the nation’s many goals and to continue to support those most […]
India is headed for a long and critical election season that will span five states, just as many weeks and 160 million voters. The polls will be seen as a test of whether the appeal of Prime Minister Narendra Modi–who won a landslide election in 2014–endures after his move to remove 86% of bank notes from circulation led to a severe cash shortage. The first ballot will […]
January 4, 2017 by: Joe Rennison and Eric Platt in New York Wall Street’s debt engine started in record form at the start of 2017, as companies sought to lock in borrowing costs shortly before the inauguration of Donald Trump as US president raises hopes for faster growth and higher interest rates. Eleven companies and banks sold $19.9bn of debt in the US as global financial markets […]
By Afp Published: 02:54 EST, 4 January 2017 | Updated: 02:54 EST, 4 January 2017 Floods in two northeast Malaysian states have now forced almost 23,000 people from their homes and extra relief centres have been opened, rescue officials said Wednesday. Seasonal flooding hits Malaysia’s east coast states every year and regularly results in mass evacuations. The latest round has forced authorities to evacuate 10,038 residents from […]
04 January 2017 BBK has recently announced new appointments in its Executive Management as part of a re-organization plan recently approved by the Bank’s Board of Directors and the Central Bank of Bahrain. The new structure aims to foster the Bank’s three years strategy (2016-2018), in addition to achieving the future vision and expectations of the Bank’s shareholders and stakeholders. The new organization included the following appointments: […]
In one of the first signs that India’s crackdown on tax evaders is helping swell the government’s coffers, it this week lowered its borrowing plan by 4.2%. The government says it now plans to reduce the amount it borrows by 180 billion rupees ($2.64 billion). It had budgeted to borrow a net 4.25 trillion rupees in the current financial year. The Reserve Bank of India, which acts […]
Even as Theresa May prepares to make a long-awaited speech on her Brexit strategy, the prime minister is facing fresh claims that her government is turning a deaf ear to news and advice on Brexit it does not want to hear. Former civil servants expressed dismay at the resignation of Sir Ivan Rogers, Britain’s EU ambassador, on Tuesday, saying the UK was losing its best negotiators with […]
Foreign financial support to the Palestinian budget is running at about half the forecast level, the Palestinian prime minister told local media on Tuesday, meaning deep cuts will have to be made to the budget this year. At its cabinet meeting, the government said it expected to run a budget deficit of 4.12 billion shekels in 2017 ($1.06 billion), approaching 15 percent of gross domestic product. “We […]
The following people are mentioned as contenders for senior roles as U.S. President-elect Donald Trump assembles his administration before taking office on Jan. 20, according to Reuters sources and other media reports. Trump already has named a number of people for other top jobs in his administration. AGRICULTURE SECRETARY * Sonny Perdue, former Georgia governor * Elsa Murano, undersecretary of agriculture for food safety under President George […]
ISLAMABAD – One day before the hearing of the Panama leaks, Pakistan Tehreek-e-Insaf yeserday filed fresh evidence before the Supreme Court. Prime Minister Nawaz Sharif and his children also filed applications for changing their counsels. In place of Salman Aslam Butt now Makhdoom Ali Khan would represent the PM, while Salman Akram Raja would appear instead of Akram Sheikh on behalf of Hassan Nawaz and Hussain Nawaz. […]
By Richard Cowan and Susan Cornwell | WASHINGTON WASHINGTON The Republican-led U.S. Congress had a rough start to its first session of the Donald Trump era on Tuesday when a public outcry that included a dressing-down from the president-elect prompted the House of Representatives to backtrack on its plans to defang an ethics watchdog. It was supposed to have been a ceremonious beginning in which lawmakers set […]
Disappointment again… Early exuberance in stocks – as overnight gains suggested panic buying at the US open, faded rapidly as financials and tech faded and crude plunged (despite better than expected data)… then after NYMEX closed VIX was smashed lower and stocks lifted… S&P was best on the day, Trannies were red (thanks to Ford news impacting rails)… NOTE – stocks ripped at the open, […]
The government of Oman has approached banks for an international bond issue with tranches of five and 10 years as the country plugs a budget deficit caused by lower oil prices, banking sources familiar with the situation said on Tuesday. The sultanate has asked international lenders to submit proposals for a U.S. dollar debt transaction likely to be around $1 billion or more. Banks are expected to […]
Banks and commodity companies set the pace as the FTSE 100 extended its run into record territory on Tuesday, taking the gains for the blue-chip index to 13 per cent since the UK voted for Brexit. Sentiment towards the FTSE 100 has brightened on optimism over bank earnings as bond yields rise, and on the support a stronger oil price is giving the commodities sector. “The FTSE […]
|By Matein Khalid|“Few individuals alter the course of history. Fewer still change the map of the world. Hardly anyone creates a nation state. Mohammed Ali Jinnah did all three”. Dr. Stanley Wolpert’s words still give me goose pimples two decades after I first read his book. Mr. Jinnah founded Pakistan and was also my ancestral kinsman. I too was born in Karachi, the city by the sea, […]
Tapping into the potential of Islamic Economy for the East Africa Market: Kenya will host the 2nd edition of the East Africa Islamic Economy Summit (EAIES 2017) East Africa’s Islamic Economy Summit – Nairobi 2017 Tapping into the potential of Islamic Economy for the East Africa Market: Kenya will host the 2nd edition of the East Africa Islamic Economy Summit (EAIES 2017) LONDON, United Kingdom, January […]
Oman ORIX Leasing Company, a motor vehicle leasing firm, has successfully raised $25 million bilateral term facilities from regional banks. The term facilities were provided by BBK and the National Bank of Ras Al Khaimah and will be used by Oman ORIX to fund its leasing finance business. Alpen Capital, Oman acted as the sole financial advisor to the transaction, a statement said. Shahin Mohammed Ahmed Al […]
But Trump has also ventured beyond mere name-calling, turning the 2016 election into a competition between knowledge systems: the tell-it-like-it-is “people” versus the know-it-all “elites.” His campaign insisted for months that pollsters and technocrats and media would be proven wrong by his electoral success. The fact that he did win dealt a blow to an entire worldview, one in which empirical inquiry and truth-telling were supposed to […]
Turkey’s lira fell to a record low on Tuesday amid concerns about rising inflation and the fallout from the new year’s day terrorist attack in Istanbul. The currency dropped 1.5 per cent to TL3.5993 against the dollar. The fall underlines investor disdain for a currency that fell 17 per cent in 2016, marking the second-worst performance among emerging market currencies after the Argentine peso. Political risk and […]
Expats living in India are the third-highest paid in the world, according to a survey from HSBC. The average salary of foreigners living in India was $145,057, the poll of almost 27,000 expats in 100 countries showed. Highest paid were foreign workers in Switzerland who got an average salary of $188,275, followed by Hong Kong at $169,756. Like Switzerland and Hong Kong, India has a financial hub […]
Budget Secretary Benjamin Diokno on Tuesday said it was unfair to use taxpayer’s money to subsidize the P2,000 pension increase for Social Security members (SSS). “You contribute to that fund, okay and when you retire, you get benefits from that fund, okay. So given that perspective, I don’t think it is fair to say use the taxpayers’ money to subsidize the benefits of the pension members, the […]
LONDON Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high. Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to […]
Producers refute Mariah Carey’s ‘sabotage’ claim Dick Clark Productions has hit back at Mariah Carey’s claim the company sabotaged her live performance on its ‘New Year’s Rockin’ Eve’ special in Times Square. The star vocally stumbled through her set, failing to sing most of it, despite a pre-recorded track of her songs playing in the background. Carey’s representative Nicole Perna blamed technical difficulties and a faulty earpiece […]
He was released on his recognizance, but arrested 10 days later. He was accused of acting as an undercover liaison between Fatah, the dominant faction within the Palestine Liberation Organization, and guerrilla cells in the West Bank. Continue reading the main story The authorities also said he had smuggled gold, whiskey and television sets across the border. In addition, investigators said the archbishop had been involved in […]
