Submitted by Lance Roberts via RealInvestmentAdvice.com, During my morning reading, I ran across an interesting article from Paul Lim via Time giving several reasons why the stock market will “rise for a ninth straight year.” “For ordinary Americans, 2017 is likely to feel like the best year economically since the Great Recession. The recovery is finally expected to trickle down to you in the form of […]
The 13th Dubai International Film Festival draws to a close on Wednesday, with the regional premiere of Rogue One: A Star Wars Story. Whether you are a film buff, a casual movie fan, an industry guru or an aspiring filmmaker, it is safe to say that this year’s edition was one of the best. The number of films was up on last year, to 156, after a […]
Russia’s rouble has cemented its position as the best-performing currency of the past three months, enjoying the benefits of a strong oil price at a time when the US appears to be tilting towards a more accommodating relationship with Vladimir Putin. A 2.3 per cent rise in the rouble’s value against the dollar on Monday was followed by a further half per cent gain during Tuesday trading. […]
Wall Street looked set to open higher on Tuesday, as investors keep a close watch of the Federal Reserve’s two-day meeting where it is widely expected to raise interest rates for the second time since the financial crisis. A hike of 25 basis points in the Fed’s target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed’s statement and economic forecasts for […]
DUBAI Many disasters loom over one of the poorest countries in the Middle East as it suffers through nearly two years of war, among them a colossal pile of waste outside Yemen’s capital leeching toxic waste into its diminishing water supply. Hardly a paragon of waste management before the war, Sanaa was at least able to separate out the most dangerous materials from the 10-million-ton hill thanks […]
Demand for oil will outstrip supply in the next six months as long as Opec and countries outside the cartel can implement a deal signed over the weekend to lower output, according to one of the world’s leading energy forecasters. The International Energy Agency said the planned production cuts, which add up to 1.8m barrels a day, could reduce stockpiles by as much as 600,000 b/d over […]
JAKARTA, Indonesia (AP) — The minority Christian governor of Indonesia’s capital sobbed in court Tuesday on the first day of his blasphemy trial as he recalled the role of Muslim godparents in his childhood and said he would never intentionally insult Islam. The national upheaval over the governor’s alleged blasphemy has challenged Indonesia’s reputation for practicing a moderate form of Islam, shaken the government and exposed religious […]
BEIJING Chinese soldiers laid wreaths on Tuesday at a ceremony to mark the 1937 massacre of civilians in the Chinese city of Nanjing by Japanese troops. The televised event at the Nanjing Massacre memorial recalls an incident in which China says Japanese soldiers killed 300,000 people in the city that was then its capital. A postwar Allied tribunal put the toll at 142,000, but some conservative Japanese […]
Bubbly home prices in London’s most exclusive neighborhoods continue to deflate and have just recorded their largest December decline since the “great recession” in 2010. According to Bloomberg, asking prices in London dropped 4.3% in December with inner London down 6%. Meanwhile, the most exclusive neighborhoods, like Kensinton and Chelsea, have recorded even sharper declines at nearly 10% as home buyers have migrated to cheaper areas of […]
Algebris Investments, a London-based asset manager, is seeking to raise €1bn for a second fund aimed at Italy’s non-performing loans as investors’ interest in what’s been the Achilles heel of the country’s banking sector intensifies. The launch by Algebris, which has $6bn in assets under management, comes amid increased focus by foreign investors on the potential of Italy’s pile of €360bn of problem loans, of which €200bn […]
Michael Moritz – chairman of Sequoia Capital and one of the most successful venture capitalists in history – says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups. “The movement of goods and services and people, by easier, more convenient means,” he said in an interview. “That’s a huge trend, enabled by smartphones.” Led by Sequoia and another blue-chip Silicon […]
By Kanupriya Kapoor | JAKARTA JAKARTA A tearful governor of Jakarta denied on Tuesday he had intended to insult the Koran at the start of his blasphemy trial in the Indonesian capital, which is seen as a test of religious freedom in the world largest Muslim-majority nation. Around 100 Muslim protesters calling for the jailing of Governor Basuki Tjahaja Purnama, an ethnic Chinese Christian, chanted “God is […]
CARACAS, Venezuela—Venezuela is taking nearly half the country’s bank notes out of circulation beginning Wednesday, threatening to ruin the holidays season for Venezuelans already suffering from dire cash shortages, hyperinflation and an economic meltdown. The country’s largest bill, worth 100 bolivars or just 3 U.S. cents on the black market, is to become illegal, in a move designed to combat contraband along Venezuela’s borders, the government said. […]
Saudi police detained a young woman for violating modesty rules after she removed her abaya, the loose-fitting, full-length robes women are required to wear, on a main street in the capital Riyadh, local media reported on Monday. The conservative Muslim country enforces a strict dress code for women in public, bans them from driving and prohibits the mixing of sexes. The Arabic-language al-Sharq newspaper reported that the […]
Your daily guide to community and cultural activities across the Emirates for December 13, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Heritage Festival More than 20,000 camels are expected to be part of the annual camel beauty pageant during the Al Dhafra Festival – a celebration of Bedouin heritage that touches on four […]
Dec 12, 2016 12:46 pm IST Air pollution in New Delhi spiked again last week, covering the city in a thick, toxic smog that resulted in reduced visibility, as harsh winter days approach. The Indian capital’s air quality has been at hazardous levels for much of the past week, according to measurements taken by the U.S. embassy. Real-time air quality data from India’s Central Pollution Control Board […]
Arab Petroleum Investments Corporation (Apicorp) has bought 30 percent of Falcon Cement Co, Bahrain’s largest cement producer, to help to drive economic growth in the region, the development bank said on Monday. The stake was bought from Islamic investment bank GFH Financial Group, which said it would remain a strategic shareholder in Falcon. The companies did not disclose the purchase price, but GFH has previously valued Falcon […]
Trading volumes across markets have soared following the US presidential election, a boon to Wall Street investment banks as money managers prepare for a new environment under the future Trump administration. Since the November election result, there have been seven days when more than $20bn of investment grade debt has traded hands — a level that had previously only been breached 18 times since data has been […]
12 December 2016 Dubai, UAE: Deyaar has launched a fresh drive to help customers make the right investment choices, with a range of generous promotional offers that include zero down payments on new properties and waivers for Dubai Land department fee. Marking the end of a successful year, Deyaar is launching the promotion that covers some of its key residential projects – Midtown, Mont Rose and Ruby […]
MANAMA, Bahrain — The political shock waves from the American presidential election are being felt here in the Persian Gulf, where diplomats, military commanders and other senior leaders say they are both fearful and excited about which Donald J. Trump shows up after he is sworn in as president on Jan. 20. Will it be, they ask, the President Trump who has vowed to cut off American […]
MIAMI – The government of Panama, anxious to show the financial world that it is engaged in meaningful reform, has announced that it is adopting the recommendations of the controversial independent committee that was hastily formed as a counter to the national reputational damage inflicted by the Panama Papers documents leak. However, the two non-Panamanian members of the committee resigned, charging that the project was flawed from […]
By Toni Clarke Dr. Scott Gottlieb, a partner at one of the world’s largest venture capital funds and a former deputy commissioner at the U.S. Food and Drug Administration, is being considered by President-elect Donald Trump to run the agency, according to sources close to the transition team. Gottlieb, 44, a venture partner at New Enterprise Associates and resident fellow at the American Enterprise Institute, a conservative […]
The murky moral maze of the Middle East’s burgeoning home-help industry comes under the spotlight in A Maid for Each, a stark documentary that had its regional premiere at the Dubai International Film Festival on December 10. Most of this sobering film takes place inside the cramped confines of a small, but thriving, agency in Beirut, Lebanon, that matches well-off families with incoming immigrant workers. The cameras […]
NEW DELHI—Early last month, Prime Minister Narendra Modi summoned his cabinet to a room in India’s capital, told them to leave their cellphones outside and delivered a shocker: He was about to go on national television to declare that almost 90% of the country’s paper money would no longer be legal tender. The move, prepared in secret by Mr. Modi and his advisers, kicked off a radical […]
