Thick fog and reduced visibility on the roads has once again plagued the morning commute for motorists across the country today. As drivers stepped out of their front doors, many would have been hit with the dread of fighting through another morning of murky weather to make it into work as dense fog made for difficult road conditions. Despite the weather conditions, no traffic collisions were reported […]
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 […]
|By Arabian Post Staff| French alternative investment firm Ardian is in talks to take a stake in Mubadala Development Co.’s $2 billion private equity portfolio, Bloomberg reported quoting sources. Bottom of Form Under the terms being discussed, according to Bloomberg, the Abu Dhabi sovereign fund would place the assets into a new vehicle, and Ardian would buy a 50 percent stake for about $1 billion. The French […]
President Nursultan Nazarbayev will join organisers of Astana Expo 2017 in officially unveiling their WFES pavilion and hosting hundreds of visitors. Kazakhstan Delegation to participate in WFES panel discussion on how the Expo can provide sustainability opportunities for upcoming host cities Astana and Dubai. Dubai, UAE: 3 January, 2017 A high-ranking delegation representing Astana EXPO 2017 that will include the President of Kazakhstan is to have […]
After seven years of stock markets climbing ever upwards, investors found a new reason to buy in November: the shock election of Donald Trump. One oft-repeated anecdote is how the billionaire investor Carl Icahn left Mr Trump’s victory party to buy US stocks. A few days later Stanley Druckenmiller, who earlier in the year told a conference for fellow hedge fund managers to “get out of the […]
SYDNEY A powerful earthquake of magnitude 7.2 struck off the island nation of Fiji on Wednesday, the U.S. Geological Survey (USGS)said. The quake, which struck at 10:52 a.m. (1652 EST on Tuesday), was located 175 miles (282 km) southwest Fiji’s capital, Suva, at a shallow depth of 9.4 miles (15 km), the USGS said. The Pacific Tsunami Warning Centre issued a local tsunami warning and said that […]
As Hurricane Sandy bore down on the Connecticut coast late October of 2012 and Gov. Dannel Malloy pled with residents to find high ground, reporter Neena Satija couldn’t shake one thought: “We are clearly not prepared for this.” Sandy passed, and sheer luck spared the state the worst of its impacts. But did officials acknowledge the averted disaster? Not in Satija’s view. “All of a sudden talk […]
Your daily guide to community and cultural activities across the Emirates for January 3, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Yoga class Sign up to take part in the prana flow masterclass led by Rob Hess at Bodytree Studio. Open your mind and connect to your inner fire on this journey through […]
BERLIN German investigators searched a refugee centre and a flat in Berlin on Tuesday which they believe were homes to associates of the Tunisian man who killed 12 people in an attack in the capital before Christmas, the federal prosecutor’s office said. Anis Amri, 24, ploughed a truck through a Berlin Christmas market on Dec. 19. Islamic State claimed responsibility for the attack, calling the assailant a […]
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, […]
|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, […]
Despite the weakness in ‘hard’ industrial production data, US Manufacturing ‘soft’ survey data from ISM and Markit surged in November and December. PMI rose to 54.3 final for December – a 21-month high – with employment rising and inventory-building. However, stagflation concerns continue to build as new orders declined and input price inflation accelerated. ISM rose to its highest since Dec 2014 with prices paid soaring to […]
By David Morgan | WASHINGTON WASHINGTON Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as secretary of state, former Texas Governor Rick Perry as energy […]
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 […]
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 […]
Via GEFIRA, The rule of law is often invoked by as a Western value that “populist” movements want to destroy, yet the establishment’s own governments have long suspended that very same rule of law when it comes to immigration. The most evident example of this is the immigration policy started by the Italian Letta government in 2013 and continued since then under the Renzi government. In October […]
Qatar’s budget deficit is set to decline by 38.9 percent from $13bn (QR46.5bn) in 2016 to $7.8bn (QR28.4bn) in 2017 due to a rise in government revenues, according to an economic analysis by Qatar National Bank. However, capital spending is expected to increase in 2017 and remain as the main driver of economic growth in the coming years, revealed The Peninsula Qatar. The decision is aimed at […]
Australia’s National Broadband Network (NBN) company has revealed that as of October 28, it had four months to shift the 18,847 customers that are still connected to the interim satellite service (ISS) onto its Sky Muster or fixed-wireless services prior to the ISS shutdown at the end of February. NBN revealed when answering Senate Estimates questions on notice that it received 50,134 installation requests for Sky Muster […]
JAKARTA Indonesia has penalized JPMorgan Chase & Co after the investment bank’s research arm recommended a smaller exposure to the country’s sovereign bonds, a senior finance ministry official said on Tuesday. “After we did a comprehensive review, we said no need to use JPMorgan’s services as a primary (bond) dealer and a perception bank,” Suahasil Nazara, the head of the ministry’s fiscal policy office, told Reuters. A […]
BEIJING The Chinese capital was on the second-highest orange smog alert in the depth of winter on Tuesday as city officials said the air quality was improving overall, citing data for the whole of last year. Over the new year holiday, hundreds of flights were canceled and highways closed across northern China as average concentrations of small breathable particles known as PM2.5 soared above 500 micrograms per […]
Funding activity for advertising technology start-ups has crashed to its lowest point in five years, underlining the struggle faced by the ad sector as Google and Facebookbecome dominant. Adtech, an umbrella term for companies that automate and facilitate the buying and selling of digital advertising, rose to prominence over the past five years, but appears now to be on the decline. The number of global adtech venture […]
AMMAN Syrian rebel groups said on Monday they had decided to freeze any talks about their possible participation in Syrian peace negotiations being prepared by Moscow in Kazakhstan unless the Syrian government and its Iran-backed allies end what it said were violations of a ceasefire. In a statement, the rebel groups also said that any territorial advances by the army and Iran-backed militias that are fighting alongside […]
Saudi Arabia’s Yamama Cement Company has secured 1 billion riyals ($266.6 million) in Islamic financing to partially fund the building of a new factory, it said on Monday. The three-year financing includes 750 million riyals from National Commercial Bank and 250 million riyals from Samba Financial Group, it said in the statement. The company signed a 4.2 billion riyal contract with Germany’s ThyssenKrupp Industrial Solutions in November […]
