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04 March 2017 MARC has affirmed its ratings of A and BBB on special purpose vehicle RCE Advance Sdn Bhd’s (RCEA) outstanding RM5 million Class B and RM10 million Class C notes under the RM420 million Fixed Rate Medium-Term Notes (MTN) Programme respectively. The outlook on the ratings is stable. There is currently no outstanding Class A notes under the programme upon the repayment of RM5 million on November 15, 2016. The rating […]

PARIS/LONDON France’s PSA Group (PEUP.PA) is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on Saturday it would hold an early Monday press conference with GM, at which the transaction is expected to be […]

Tyrese Gibson’s best kept secret — the identity of his new wife — has been revealed just days after he announced he had married. Gibson, 38, married Samantha Lee in a secret ceremony on Valentine’s Day, but managed to keep the nuptials quiet until his marital status got out last week. According to a TMZ media report, the details of which have since been verified by the […]

BAGHDAD Twelve people, including women and children, are being treated for possible exposure to chemical weapons agents in Mosul, where Islamic State is fighting off an offensive by U.S.-backed Iraqi forces, the United Nations said on Saturday. The U.N.’s World Health Organization has activated with partners and local health authorities “an emergency response plan to safely treat men, women and children who may be exposed to the […]

AMMAN Jordan executed 15 people on Saturday including 10 convicted on terrorism charges ranging from an attack a decade ago on Western tourists to the slaying of a writer, a judicial source and the government spokesman Mohammad al Momani said on Saturday. Al Momani said those executed included one man who was convicted of an attack last year on an intelligence compound that killed five security personnel. […]

Bahrain’s fiscal deficit will fall only marginally to 12.3 percent of GDP this year from 13.6 percent in 2016 as oil prices settle well below the country’s breakeven figure, according to ratings agency Fitch. The agency said it expects Brent to average $45 per barrel in 2017, nearly $40 below the breakeven price for the Gulf kingdom. Fitch Ratings affirmed Bahrain’s long-term foreign and local currency issuer […]

Photo Syrians in the rebel-held town of Douma, on the eastern outskirts of the capital, Damascus, last week. Credit Abd Doumany/Agence France-Presse — Getty Images The top United Nations diplomat working to resolve the civil war in Syria reported some progress Friday after nearly 10 days of talks, saying both sides finally had agreed on what he described as a “clear agenda” for further negotiations. The diplomat, […]

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03 March 2017 Malaysian Rating Corporation Berhad (MARC) entered into a Memorandum of Understanding (MoU) with Hazana Maldives Limited (Hazana) today to provide technical assistance in the areas of credit risk and Islamic finance. Hazana, a Maldives government company specialising in Islamic investment and finance, manages the commercial assets of the government and holds its strategic investments. The MoU was signed by Mohd Razlan Mohamed, Chief Executive […]

By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Technology companies have been a driving force behind the U.S. stock market’s recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital expenditures by U.S. corporations. Corporate tax cuts and reduced regulations planned by President Donald Trump will give companies reason to spend more on cloud […]

Deutsche Bank said on Friday night that it was laying the groundwork for a “potential capital raise of approximately €8bn” as well as considering several other strategic adjustments as it aims to revive its fortunes after a torrid 12 months. Alongside the capital increase, Germany’s biggest lender said it could garner further funds by selling a minority stake in its asset management arm. It is also considering […]

Yemen, one of the poorest countries in the Arab world, has been convulsed by civil strife for more than two years. In the west, Houthi rebels ousted the government of President Abdu Rabbu Mansour Hadi, the United States’ main counterterrorism partner in the country, and have been fighting a Saudi-led coalition of mostly Sunni Arab countries that back Mr. Hadi. Continue reading the main story In the […]

Image copyright Reuters Image caption Ri Jong Chol arrived in Beijing early on Saturday The North Korean suspect questioned in connection with the death of Kim Jong-nam has said he was the victim of a conspiracy by the Malaysian authorities. Ri Jong Chol said his detention was a “plot” to “damage the honour of the republic”, Reuters news agency reports. He made the comments outside the North […]

Image: Cobalt This week Cobalt came out of stealth mode and introduced a mobile security robot. Just like a real security guard, the robot’s main job is to patrol a building to watch for any unusual activity and report anything suspicious to the appropriate authorities. “A fleet of Cobalt robots is comparable to an extremely competent guard with superhuman capabilities and omnipresent situational awareness across an entire […]

Evan Spiegel gazed out over the floor of the New York Stock Exchange, where onlookers were recording him with his company’s retro-cool, video-enabled sunglasses, then rang the opening bell on Snap’s first day as a public company. Breaking the tech titan’s dress code in his suit and tie, he grinned and, unlike his biggest rival, made no grand proclamations about his company’s world-changing potential. Nearly five years […]

France, which gave the world one of the most enduring symbols of World Expos, the Eiffel Tower, has become the latest country to confirm its participation in Expo 2020 Dubai. The European country officially confirmed its commitment in a letter from Prime Minister Bernard Cazeneuve to Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The letter was […]

A tell-tale sign of a booming equity market is a hot technology listing and the blockbuster debut by Snap, duly summoned memories of the dotcom era. Shares in the parent of the popular messaging app surged more than 40 per cent in their New York Stock Exchange debut on Thursday where the fresh-faced co-founders rang the opening bell to cheers from the trading floor. On Friday, they […]

JUBA South Sudan has arrested four soldiers after residents accused the army of beating and raping civilians in a small village near the capital last month, a military spokesman said on Friday, in a case that became a symbol of spiralling military abuses. The military launched an investigation after a local bishop brought five victims, including young girls, from Kubi village for medical treatment in the capital. […]

YEMEN: US fighter jets pounded Al-Qaeda targets in Yemen for a second straight day on Friday, security and tribal sources said, as Washington steps up its air war against the jihadists.The Pentagon said it had carried out more than 20 strikes on Thursday targeting Al-Qaeda positions in the southern provinces of Shabwa and Abyan and the central province of Baida.Yemeni officials said at least 12 suspected militants […]

The heads of the London Stock Exchange Group and Deutsche Börse went to Brussels at the start of February on the verge of clearing a major obstacle for their historic €29bn merger. Xavier Rolet and Carsten Kengeter thought EU regulators were set to bless the deal they had been working on for more than a year. But midway through the meeting, Mr Kengeter stepped out to take an emergency […]

Oman is now getting attention for what’s hidden underneath its craggy peaks. Majlis Al Jinn has the world’s ninth largest cave chamber, while the pools and caverns of Wadi Bani Khalid and Wadi Shab attract a growing number of visitors every year. Of the country’s many caves, Al Hootah is the only one with guided tours, and it reopened earlier this season four-years after severe floods in […]

April 3, 2016 Panama Papers leaked; Sharif family under spotlight The International Consortium of Investigative Journalists made nearly 11.5 million secret documents public. The documents contained confidential attorney-client information for more than 214,488 offshore entities, with the source of these leaks being a Panamanian financial law firm, Mossack Fonseca. Eight offshore companies were reported to have links with the family of Prime Minister Nawaz Sharif and his […]

DHAKA Bangladeshi police have arrested the head of an Islamist militant group accused of inspiring followers to kill foreigners, the chief of the counter-terrorism unit said on Friday. Shaikh Mohammad Abul Kashem, who founded an offshoot of the larger Jamaat-ul-Mujahideen Bangladesh (JMB) group, was picked up on Thursday night in the Senpara Parbata area of the capital, Dhaka. Kashem worked alongside Canadian citizen Tamim Chowdhury and Nurul […]

Total Islamic banking assets in the UAE have increased to about AED520 billion ($141.5 billion), about 7 percent of the global total, it has been revealed. Saif Hadef Al Shamsi, assistant governor for Monetary Policy and Financial Stability at the UAE Central Bank, said that Islamic banking’ assets account for around 20 percent of AED2.6 trillion of the total assets of the state’s banks. He added in […]

Why Georgetown? Georgetown was there long before Washington, DC was, and it still has some pretty stern objections to being regarded as just another district of the American capital. Formerly a port town, it has now become Washington’s most obviously moneyed-up area – where people come to dine and mooch around shops and galleries. Part of the appeal comes from the architecture. Many 18th- and 19th-century buildings […]

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