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Market intelligence and networking platform builds momentum as it gathers senior industry decision-makers in third outing. Dubai 29 December,2016 MAZ Chartered Accountants, the region’s leading audit, taxation, financial and management consultancy has held its 3rd MAZ Annual Seminar. The Seminar’s third iteration built on previous years’ success to curate a powerful platform where professionals accessed industry intelligence, developed contacts, improved professional networks and kept pace with a […]

BEIJING China’s economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face “complexity” in the new year. Controlling risks has been a constant refrain in recent months as the focus of policymakers switches to taming asset bubbles and checking unbalanced growth stemming from efforts […]

And there is a red, or more conservative, Israel that thought the secretary of state was delusional and insulting, divorced from the harsh reality of the only real democracy in the Middle East struggling to preserve itself in a hostile neighborhood. Continue reading the main story Just as in the United States, many Israelis cling to their own facts, retreat to their own media outlets, advance their […]

Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. But more than a dozen expected stock offerings of relatively obscure software firms targeting business customers – little-known names such as Apttus, Tintri and Okta – could be just as important in thawing a long-frozen IPO market, according to investment bankers and advisers who work on […]

The events of the past few days have renewed a longstanding debate over whether American Jews must always stand with the Israeli government, and under what circumstances should they criticize a friend. Continue reading the main story “There’s a very clear values clash going on,” said Rabbi Jill Jacobs, the executive director of T’ruah, a rabbinical human rights organization. “On the one hand, we have a small […]

While you were doing your Christmas shopping, an old-fashioned takeover contest was being fought out in an obscure corner of the stock market. The target was MP Evans Group, one of the very few plantation companies left listed in London. The outcome shows that there are bargains to be found and that some institutional shareholders, at least, will take the long view over the quick buck. Evans […]

Investors’ positions fluctuated wildly this year after unexpected election results in the UK and US upended markets, ultimately propelling a global stock rally and selling of government bonds as portfolio managers readied for the arrival of fiscal stimulus and inflation. A $66bn rotation into US stocks over the past eight weeks reflects expectations for faster global growth and inflation in the wake of Donald Trump’s surprise US […]

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A year ago the coffers at Argentina’s central bank were empty as the country teetered on the brink of a currency crisis. Now banks are scrambling to fly dollars back to the US as their vaults fill to bursting with piles of cash.  That would sound like good news for Alfonso Prat-Gay, who as finance minister this week boasted that his tax amnesty had already repatriated $90bn hidden […]

Hindsight Capital beats the market, and all competition, every year. But how would it do over a decade? For the uninitiated, Hindsight Capital is an imaginary hedge fund that is blessed with perfect foresight, which features at this time of year in the Long View column. As real fund managers deploying real money have to hedge their bets, it always does far better than any of them […]

For a glimpse into just how insane modern finance and capital markets are, look no further than Italy’s thrice insolvent (in three years) bank Monte Paschi, which after failing to finalize a private, is finalizing the terms of its nationalization with the Italian government: a rescue which will cost Italian taxpayers at least €6.6 billion, and likely more. The bailout, however, is not the punchline. What is, […]

By Yashaswini Swamynathan Wall Street aimed to end 2016 on a positive note, setting up the Dow for its best annual performance since 2013 amid increasing optimism about the outlook for the economy. The markets have shown surprising resilience to major political events, such as Britain’s vote in June to leave the European Union and the election of Donald Trump as U.S. president in November. U.S. stocks, […]

Financial markets in 2016 endured an escalation of negative interest rates, the collapse and subsequent rebound in commodity prices and fluctuating stock market valuations. The test for investors began in week one, as fears of a China slowdown roiled stock indices weeks after the Federal Reserve began to normalise policy. Over the ensuing months, the Brexit vote and US election would prove significant mile markers, shift thinking […]

Dubai’s transport authority has announced the roll-out of the Smart Mall concept to four new metro stations. The expansion to Abu Dhabi Commercial Bank Station, Damac Station, Dubai Internet City Station and Emirates Towers Station is part of the Road and Transport Authority’s (RTA) plan to rank Dubai as the smartest city in the world. Mattar Al Tayer, director-general and chairman of the RTA, said: “The Smart […]

The government of the United States has formally accused Russia of interfering with the 2016 presidential election through a series of hacking attacks. The outgoing Obama administration has issued sanctions for the alleged interference, moves that has prompted the Russian government to promise a retaliation. FBI, DHS Publish Joint Report On Russian Hacking The Federal Bureau of Investigation and the Department of Homeland Security published a joint […]

Photo John Kerry speaking at the State Department on Wednesday. Credit Zach Gibson/Getty Images In a speech this week laying out the Obama administration’s parameters for a final peace agreement between Israel and Palestine, Secretary of State John Kerry stated what has been obvious to most observers for many years: that Israel’s construction of Jewish settlements on occupied Palestinian land has all but destroyed the two-state solution. […]

Days after Indian Prime Minister Narendra Modi unleashed chaos in the country by announcing the immediate withdrawal of the country’s largest notes, he made an emotional plea to his countrymen to give him 50 days. Before the end of the year, Mr. Modi said in a Nov. 14 speech, the benefits of ridding India of cash would be visible. That deadline expires today. Since then, images of […]

ABU DHABI // Authorities have launched awareness campaign against the unofficial remittance of money, which can lead to exploitation, fraud and security risks. New figures show that more than a fifth of money remitted, for example, to Bangladesh from the UAE, is moved through these illegal means. According to the Bangladesh Bureau of Statistics, in the 2015-2016 financial year, the 700,000 Bangladeshis in the UAE sent Dh9.9 […]

In August, US group ValueAct announced a $1.1bn stake in Morgan Stanley. Yet the notorious boardroom activist had no plans to shake up management, no beef with strategy at the investment bank. The stock, it said, was simply cheap. Mere months later an investment that had seemed brave at the time is worth $1.8bn. ValueAct’s gain is just one of the more striking examples of an extreme […]

Saudi Arabian commercial bank deposits rose to their highest level this year in November, a sign that a liquidity crunch due to low oil prices is easing as the government liquidates foreign assets to pay its bills, official data showed on Wednesday. Bank deposits climbed to 1.624 trillion riyals ($433 billion) from 1.610 trillion riyals in October, the fourth straight month-on-month gain, the central bank figures showed. […]

Singapore Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were up 18 cents or 0.33 percent to $53.95 at 0105 GMT after settling 29 cents lower at […]

Jeddah, Kingdom of Saudi Arabia, 29 December, 2016  The Islamic Development Bank (IsDB), based in Jeddah, Kingdom of Saudi Arabia, is providing a US $5 million financing support for construction of a solar power plant which is expected to contribute to the sustainability and financial resource optimization of the “King Hussein Cancer Center (KHCC) Expansion Project” in Jordan.    The approval came during the 316th meeting of […]

The Malaysian opposition has attacked a state company’s investment in a palm oil project in Indonesia, saying it is a costly handout to a foreign businessman connected to Prime Minister Najib Razak. Malaysia’s state-owned Federal Land Development Authority, known as Felda, plans to buy a 37 per cent stake in Eagle High, controlled by Indonesian conglomerate Rajawali Group, for $505m. The deal will be financed by the […]

The two-state solution would establish an independent Palestinian state alongside Israel — two states for two peoples. In theory, this would win Israel security and allow it to retain a Jewish demographic majority (letting the country remain Jewish and democratic) while granting the Palestinians a state. Continue reading the main story Most governments and world bodies have set achievement of the two-state solution as official policy, including […]

Wall Street’s most important equity barometer is on track for its biggest annual recovery since the beginning of the bull market, underscoring the sharp turn in investor sentiment following the worst start to a year on record. The S&P 500 index is poised for an 11 per cent gain in 2016, shaking off a brutal start that at its lowest point in February left it down 10.5 […]

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