European companies have been slow to capitalise on this week’s market rally — a pause in issuing new bonds that bankers do not expect to last with borrowers set to return as the spring earnings season progresses. There was no investment grade euro bond issuance from non-financial corporates last week as debt issuers sat on the sidelines ahead of the first round of the French presidential election […]
By Luc Cohen | LA MATANZA, Argentina LA MATANZA, Argentina Billboards in Buenos Aires province’s working-class La Matanza district trumpet a soon-to-be completed bus lane alongside the face of the district’s mayor, an ally of former populist President Cristina Fernandez. Although it was originally conceived when Fernandez was president, the 2 billion-peso ($129.24 million) “Metrobus” lane is being paid for by centre-right President Mauricio Macri’s government and […]
By Andrew Cawthorne and Eyanir Chinea | CARACAS CARACAS Venezuelan security forces fired scores of tear gas volleys and turned water cannons on rock-throwing protesters on a bridge in Caracas on Wednesday as the death toll from this month’s anti-government unrest hit at least 29. A 20-year-old male demonstrator died in those latest clashes in the capital after being hit by a gas cannister, said officials of […]
Citigroup Inc has received an investment banking licence from Saudi Arabia’s Capital Market Authority more than 10 years after exiting the kingdom. The CMA board authorised Citigroup Saudi Arabia “to conduct dealing as underwriter, arranging and advising in securities business activities,” according to statement posted on the regulator’s website. The firm lost its key banking licence when it sold its stake in Samba Financial Group in 2004. […]
By Amanda Becker and Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump will release a tax plan on Wednesday that proposes to sharply slash rates on businesses and overseas corporate profits returned to the United States, officials said. The Trump administration is touting the blueprint, which also calls for higher standard deductions for individuals, as a landmark tax cut just days before the Republican president marks his […]
ABU DHABI // Labourers working on high-rise buildings in the capital are putting their lives at risk by not using proper safety harnesses. During site visits, inspectors from Abu Dhabi Municipality found men working at height on unfinished floors, temporary platforms, on scaffolding or in cradles used for cleaning windows at towers under construction without safety equipment to prevent them from falling. According to the municipality, 52 […]
With renowned hotel chains launching stylish new properties all across the Middle East, we are spoilt with choice when it comes to spending the night in some of the most modern and futuristic buildings in the world. Hotels with a past however have their own certain appeal, offering architectural highlights of the historic kind. Browse through the following hotels from around the globe and be inspired by […]
By Marton Dunai | BUDAPEST BUDAPEST Anti-government protesters have filled Budapest’s streets in recent weeks, but divisions within the opposition and weak support outside the capital mean they are unlikely to herald a serious threat to Prime Minister Viktor Orban in next year’s election. Triggered by a law targeting an international school founded by liberal U.S. financier George Soros, the rallies have galvanised broader public anger against […]
Modest dress is enjoying a renaissance. Fashion brands are increasingly embracing the long-held view shared by those in region that style does not have to equate to revealing a lot of flesh. Building on the foundations of sensuality over sexuality, and demure over décolletage, the West is finally catching up with the Middle East in terms of tasteful dressing. Women in the Middle East have long expressed […]
26 April 2017 Mumbai, INDIA – Etihad Airways, the national airline of the United Arab Emirates, and strategic partner Jet Airways, India’s full-service premium international carrier, have signed a ground breaking agreement with the Government of Maharashtra to promote tourism to the western Indian state. The partnership will enable both airlines to capitalise on their strong links with Maharashtra and further propel domestic and international arrivals into […]
Credit Suisse has launched a SFr4bn ($4bn) share issue and said it will abandon plans to list its Swiss division in an attempt to draw a line under capital fears that have dogged the bank since chief executive Tidjane Thiam took over two years ago. Investors expected the bank’s quarterly earnings on Wednesday to feature only limited news on its much-anticipated capital plans since it is not […]
The boss of Etihad Airways, which owns 49 percent of troubled Italian airline Alitalia, said he deeply regretted a decision by Alitalia staff to reject a last-ditch restructuring deal, blocking a recapitalisation and sparking fears that the carrier may be grounded for good. The future of Alitalia was in doubt on Tuesday, with James Hogan, president and CEO of the Etihad Aviation Group and vice chairman of […]
Authored by Gaius Publius via Down With Tyranny blog, “We don’t want a unified Korean peninsula … We [also] don’t want the North Koreans to cause more trouble than the system can absorb.” —Hillary Clinton, 2013, speech to Goldman Sachs Our policy toward North Korea is not what most people think it is. We don’t want the North Koreans to go away. In fact, we like them […]
Ontario capital Toronto. The province is hosting the first major universal basic income test in North America in 30 years.Image: carlo allegri/getty images By Patrick Kulp2017-04-26 01:15:48 UTC Thousands of randomly chosen Canadians may soon receive free checks in the mail. The province of Ontario just announced that a major trial run of a universal basic income program could begin as early as this summer. Universal basic […]
Deckers Outdoor Corp (DECK.N) said on Tuesday it was exploring strategic alternatives, including a sale of the company, a month after an activist investor urged the apparel and accessories maker to sell itself. Deckers, the owner of the UGG brand of boots and apparel, said it had retained Moelis & Co LLC as financial adviser. Shares of Goleta, California-based Deckers rose 6.5 percent to $62.53 in trading […]
Archaeological finds made on an island near the capital in 1959 proved pivotal in defining and promoting the UAE’s relics and antiquities. Sheikh Zayed, the nation’s Founding Father, was one of the first to spot their importance. In the spring of 1959, the Ruler of Abu Dhabi at the time, Sheikh Shakhbut bin Sultan, made one of several visits to an island 20 kilometres from his ancestral […]
American officials said Turkey had informed the United States less than an hour in advance that it intended to carry out the bombing raids in the crowded airspace over northern Syria and Iraq. American officials said that they had asked Turkey not to proceed without proper coordination, but that the request was ignored. Continue reading the main story Mark Toner, a State Department spokesman, said the United […]
BRASILIA Indigenous people and police clashed in Brazil’s capital city on Tuesday, as officers fired rubber bullets and tear gas while tribe members shot arrows in return during a protest against farmers’ encroachment on reservations. The demonstration was peaceful until police blocked some of the indigenous people, their bodies painted and wearing colourful headdresses, from climbing a ramp that led into the congressional building, according to a […]
The public should be able to freely access the names of the people behind the ownership of assets and bank accounts in order to boost transparency and stop secret shell companies being used for criminal activity. This is the key contention of a host of submissions to Treasury as part of the federal government’s plans to increase transparency of the beneficial ownership of companies following the Panama Papers revelations. Play […]
25 April 2017 Dubai, UAE – Global Islamic Finance Report (GIFR) 2017, the oldest yearbook in Islamic banking and finance, was launched yesterday in Fairmont The Palm, Dubai by Mr Abdulla Mohammed Al Awar, CEO of Dubai Islamic Economy Development Centre. According to GIFR 2017, the estimated figure for the global Islamic financial industry in 2016 is US$2.293 trillion after recording a growth of 7%. This, however, […]
By Aleksandar Vasovic | BELGRADE BELGRADE Thousands protested in central Belgrade on Tuesday against Prime Minister Aleksandar Vucic’s government and demanded a probe into a multi-billion euro riverside building project in the Serbian capital. A yellow duck, a symbol of the movement “Let’s Not Let Belgrade Drown” opposing the project, was displayed under flags marking the area along the Sava river where the Dubai-style residential buildings, hotels […]
ABU DHABI // A historic Islamic scholar and poet is the subject of the winning novel for the 10th International Prize for Arabic Fiction. Saudi Arabian author Mohammed Hasan Alwan was declared the winner of the prize, in a ceremony held in Abu Dhabi on Wednesday night, for A Small Death. “I would like to thank the panel for this very pleasant mistake,” Alwan, 38, quipped while […]
STOCKHOLM Swedish prosecutors said on Tuesday they had released a second suspect detained over possible involvement in a truck attack in Stockholm this month in which four people were killed. They said the person, who was detained on Sunday and has not been identified, was no longer a suspect in the case. As well as the four deaths, 15 people were injured on April 7 when a […]
Just when US trade partners thought it was safe to come out from their hiding places, along comes President Donald Trump to slap a punitive duty on Canada, America’s long-time ally and neighbour — imposing tariffs of up to 24 per cent on imports on its softwood lumber. The new president seemed to have gone quiet on his protectionist instincts, pulling back from a trade confrontation with […]
