In 2011, the Kabul foreign press corps numbered 85, by the reckoning of Dominic Medley, who has worked here for many years as a press officer for NATO, the American military and the United Nations. The American military was surging, reaching more than 100,000 troops by 2012. The press surged as well, with regular visitors in addition to the resident press corps, plus dozens of reporters going […]
T Rowe Price’s flagship small companies fund has revealed annualised returns of nearly 35 per cent from its private investments, rebutting critics who argue that mutual funds should eschew riskier, unlisted companies. With more companies delaying stock exchange listings due to the abundance of venture capital and onerous requirements of being a public company, asset managers have begun to invest more aggressively in private groups such as Uber and […]
Superloop has expanded its high-speed intercapital colocation network with a new point of presence (PoP) at NextDC’s C1 datacentre in Canberra. The addition of C1 connectivity sees the Asia-Pacific fibre infrastructure company complete its national footprint through NextDC, with connections already at the latter’s datacentres in Brisbane, Sydney, Melbourne, and Perth. According to Superloop, the nationwide deployment of capital city infrastructure gives the company the ability to […]
The Trump administration is preparing to ignore any rulings by the World Trade Organisation that it sees as an affront to US sovereignty, according to a leaked report prepared by officials. The move would be a departure from US practice and a blow to the international watchdog’s credibility. The hard-hitting report, which was sent to Congress on Wednesday and obtained by the Financial Times, marks the first time the […]
BERLIN // Netflix has previewed the first trailer for a long-awaited war film partially shot in the UAE. The film, War Machine, features Brad Pitt, Ben Kingsley and Will Poulter among its all-star cast. It was shown during its See What’s Next press preview event in Berlin. The online streaming service also revealed that the US$60 million production will be released on the platform worldwide on May […]
Wednesday 16:30 GMT Overview Wall Street surged to another record as comments from Federal Reserve officials caused traders to boost their bets for an increase in US interest rates this month and investors celebrated a more upbeat tone from Donald Trump in his first address to Congress. In keeping with he risk-on mood that washed across financial markets around the globe, the dollar also rose and gold […]
WASHINGTON — Russian aircraft mistakenly bombed Syrian fighters who were being trained by the United States, the commander of the American-led operation in Iraq and Syria said on Wednesday. American advisers were about three miles away when the Russian strike occurred. The episode pointed to the risk of unintended clashes among the myriad forces operating on a fluid battlefield in Syria, as the American command looks toward […]
In investment as in life, what goes unsaid is often more important than what is said. Long-term watchers of the Federal Reserve know to look at every last word of every statement from a Fed governor — which is why a succession of Fed speeches and interviews on Monday and Tuesday were taken as doubling the chances that the central bank raises US interest rates at its […]
By Ben Stupples The chairman of the EU’s Panama Papers inquiry has slammed the U.K. Treasury’s refusal to meet with investigators, raising concern over Britain’s commitment to the high-level investigation. It was “most disappointing and regrettable that no one at the political level at HM Treasury was able or willing to meet” during the trip to London last week from the European Parliament’s Panama Papers inquiry committee, […]
Big reforms to rules for UK initial public offerings have been proposed by the market regulator to give investors better and earlier information, as the watchdog seeks to keep Britain “open for business” after Brexit. The Financial Conduct Authority said on Wednesday that information about a company planning an IPO should be made available sooner, and to a wider range of analysts and investors. The FCA warned that […]
By Gopal Sharma | KATHMANDU KATHMANDU Nepal has forced 2,500 old vehicles off roads in its capital city of Kathmandu, part of a fight against alarming air pollution levels that have hit nine times World Health Organisation (WHO) limits. Air pollution has been a chronic problem in rapidly growing Kathmandu, which sits in a Himalayan valley and is home to more than three million people. Rising public […]
01 March 2017 The global Islamic financial community has recognized the innovative and development impact made by the Hashemite Kingdom of Jordan’s inaugural local currency Sukuk. At a lavish ceremony on February 28 2017 in Dubai, Jordan emerged as the winner of IFN “Sovereign Deal of the Year 2016” award. In addition to this global award, Jordan was a global runner-up for two award categories: “Ijarah & Sukuk […]
KABUL An explosion hit the Afghan capital Kabul on Wednesday, Reuters reporters heard. Police said they had received reports of the blast but there was no immediate word on the cause, or on any casualties. (Reporting by James Mackenzie; Editing by Clarence Fernandez) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k […]
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014. The pricing will be the first test of investor appetite for a social-media app beloved by teenagers and 20-somethings but which has yet to turn a profit. The company’s […]
Stocks pared gains and the US dollar initially eased as President Donald Trump’s first address to Congress failed to provide the policy details that markets wanted — and analysts let rip with their disappointment. “We needed him to be a leader. We needed him to give us direction. That is where he let investors down this evening,” said Paul Christopher, head global market strategist for Wells Fargo […]
March 1, 2017 by: Nicole Bullock in New York and Hannah Kuchler in San Francisco Investor interest in shares in the owner of the Snapchat messaging app is likely to ensure enough demand to price its initial public offering above the range set by the company, according to people with knowledge of the deal. The shares could price at $17-$18 a piece compared with the range set […]
Your daily guide to community and cultural activities across the Emirates for March 1, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Exhibition talk Register […]
First Gulf Bank (FGB) chief executive officer Andre Sayegh on Tuesday said its merger with the National Bank of Abu Dhabi (NBAD) will create a “large and strong” bank that can compete on an international scale. The merger of the two Abu Dhabi-based banks was announced in July last year which when completed by end of first quarter 2017 will create one of the largest banks in […]
Singapore-based Olam, one of the world’s biggest food traders, is predicting a revival in chocolate consumption in Europe as prices fall on the back of a bumper west African crop. Cocoa is one of the worst performing commodities this year, with the London benchmark trading at its lowest since 2013 amid concern over a glut in supply in west Africa, the key growing region. Sunny Verghese, Olam […]
A strong performance in total asset standing at 46 billion QR, driven by a strong growth in the finance portfolio that reached 29.8 billion QR. Customer deposits reached 29.9 billion QR with a 17.7% growth rate. Doha – Qatar, 28 February 2016 Barwa Bank convened its Annual General Meeting (AGM) on Monday the 27th of February 2017, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al […]
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Barely a year ago, Vale, the Brazilian mining company, was reeling. Prices of iron ore, its principal export, were at an all-time low, investors were ditching its shares and China — the market on which it most depends — looked as if it was heading for a rapid and uncontrolled slowdown. Fast forward 13 months and iron ore is back in fashion. Vale is producing record amounts […]
By Stephanie Nebehay and Joseph Sipalan | GENEVA/KUALA LUMPUR GENEVA/KUALA LUMPUR South Korea called for “collective measures” to punish North Korea for using chemical weapons to kill the estranged half-brother of its leader Kim Jong Un, as Malaysia said on Tuesday it would charge two women with murder over the airport attack. Police have said the women smeared VX nerve agent, a chemical on a United Nations […]
OFRA, West Bank: Israeli police began removing settlers and hundreds of supporters on Tuesday from nine houses built illegally on privately owned Palestinian land in the occupied West Bank.Police carried some of the settlers and protesters out of the red-roofed structures in the settlement of Ofra, while others walked out, escorted by officers.Israel’s Supreme Court has ordered the demolition of nine buildings in the settlement of more […]
