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Beirut, Lebanon, December 4, 2016 : (ME NewsWire)  During a special honoring ceremony held at the Four Seasons Hotel in Dubai, the publishers of Global Reinsurance and StrategicRISK announced the winners of the 2016 MEA Risk & Insurance Excellence Awards, honoring Mr. Farid Chedid, Chairman and CEO of Chedid Re, a Chedid Capital Holding company, as the ‘MEA Industry Achiever of the Year’. The prestigious title awarded […]

Europe’s mainstream political parties have voiced their relief after Austria voted against a far-right nationalist becoming president in an election that had been seen as the first of two tests of populism on the continent on Sunday. Alexander Van der Bellen, a Green politician who ran as an independent, won 53.3 per cent of the vote while his far-right opponent, Norbert Hofer of the Freedom party, won […]

Italians and Austrians headed to the polls in closely watched votes on Sunday that will gauge the strength of Europe’s populist and extreme right political parties. Italy’s constitutional referendum on Sunday will determine the political future of prime minister Matteo Renzi and test anti-establishment parties in the eurozone’s third-largest economy.  The plebiscite on Mr Renzi’s flagship overhaul — which would shrink the powers of the Italian senate […]

By Aislinn Laing | ANTANANARIVO ANTANANARIVO Family members of those lost aboard a Malaysia Airlines flight that went missing in 2014 criticised Malaysian investigators on Sunday for not doing enough to find debris, which could give more clues about what happened. Flight MH370, carrying 239 passengers and crew, disappeared on its way from Kuala Lumpur to Beijing on March 8, 2014, sparking a search in the southern […]

By Sanjeev Miglani | AMRITSAR, India AMRITSAR, India Afghan President Ashraf Ghani said on Sunday that the Taliban insurgency would not survive a month if it lost its sanctuary in neighbouring Pakistan, urging its neighbour to take on militant groups on its soil instead of giving Kabul financial aid. Ghani’s remarks, made at an international conference in the northern Indian city of Amritsar not far from the […]

By Arno Schuetze | FRANKFURT FRANKFURT Deutsche Bank’s Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, […]

Beijing’s infamous smog spiked on Sunday despite draconian measures in surrounding cities to reduce persistent pollution during the winter in northern China. The thick layer of haze has become a political liability for the ruling Communist party and has driven China’s participation in the Paris climate accord to limit emissions of carbon and other greenhouse gases.  An air monitor index released by the US embassy in Beijing breached 600 […]

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Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. The rise of “fake news” inspires the press to uncover its many practitioners worldwide, discern its economics and herald the alleged guilt-ridden soul-searching by its greatest enablers, Facebook and Google. But the media dances around another reality with the dexterity […]

By Gavin Jones | ROME ROME Italians vote on Sunday in a referendum on constitutional reform which will decide the political future of Prime Minister Matteo Renzi, who has promised to resign if he loses. Financial markets and Europe’s politicians fear victory for the opposition ‘No’ camp could trigger political instability and renewed turmoil for Italy’s battered banks, pushing the euro zone towards a fresh crisis. Polls […]

Motorists heading to Dubai from Sharjah were met with congestion on Mohammed bin Zayed Road until the third bridge and on Shiekh Zayed Road from the World Trade Center roundabout towards the first bridge, according to Dubai Traffic Department. TrafficDXB reported an accident on the E66 Dubai – Al Ain Road near the Mohammed Bin Zayed Road intersection on Dubai which also caused delays. Commuters experienced congestion […]

Your daily guide to community and cultural activities across the Emirates for December 4, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Yoga class Sign up for a Yoga Dance Body Rhythm class with Yvette Campbell at Bodytree Studio. This yoga-inspired dance class is set to the percussive rhythms and is a fun full-body […]

Every year, Brazilian venture capital firm Monashees takes entrepreneurs from its portfolio companies on an overseas discovery tour. This year, instead of Silicon Valley, the firm headed to the Yangtze Valley, in a clear sign of a new front opening for Chinese investment in Latin America. China is seeking to expand lending and investment in Brazil and elsewhere on the continent, as it shifts from its traditional […]

On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]

The UAE and Serbia have announced moves to increase trade links, with a focus on the tourism, agriculture, construction sectors. Ways of expanding economic relations and co-operation in key sectors were at the centre of talks held on Monday by officials from the two countries in Abu Dhabi, news agency WAM reported. Abdullah Al Saleh, Under-Secretary for Foreign Trade and Industry at the UAE Ministry of Economy, […]

By Ahmed Rasheed | BAGHDAD BAGHDAD No food or fuel has reached Mosul in nearly a week and the onset of rain and cold weather threatens a tough winter for more than a million people still in Islamic State-held areas of the city, residents said on Saturday. Iraqi troops waging a six-week-old offensive against the militants controlling Mosul have advanced into eastern city districts, while other forces […]

Dubai-based port operator DP World has announced the creation of an investment vehicle in partnership with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers. The investment platform totals $3.7 billion, with DP World holding a 55 percent share and CDPQ the remaining 45 percent, the company said in a statement.  The platform will invest in ports and terminals globally […]

Submitted by Robert Parry via Strategic-Culture.org, Under the cover of battling “fake news,” the mainstream U.S. news media and officialdom are taking aim at journalistic skepticism when it is directed at the pronouncements of the U.S. government and its allies. One might have hoped that the alarm about “fake news” would remind major U.S. news outlets, such as The Washington Post and The New York Times, about […]

ABU DHABI // French president Francois Hollande yesterday spoke of the Louvre Abu Dhabi’s message of tolerance during his visit to the museum. “I have come back to this museum because it has the ambition, even within the current circumstances faced by the region, of sending out a message of dialogue, understanding and intelligence,” he said. Mr Hollande was in the capital for the Safeguarding Endangered Cultural […]

newslide Jolie and Pitt could lose adopted sons Angelina Jolie and Brad Pitt’s troubles just got worse. According to radaronline.com, their adopted sons Pax and Maddox could be taken away from them. Pax’s birth mum, Pham Thu Dung, is set to be released from prison soon and when she is, she says she wants her son back. Jolie adopted 13-year-old Pax when he was three years old. […]

By Emma Farge | BANJUL BANJUL Gambians reacted with joy and stunned disbelief on Saturday to the defeat of President Yahya Jammeh, one day after he conceded that he lost an election set to end his 22 years in power. Jammeh’s government is accused of crushing dissent and torturing opponents and he had said he would rule for a “billion years”. As a result, few believed he […]

Like Christmas ornaments on Main Streets across America, Wall Street banks’ forecasts for the year ahead keep coming out earlier every year. At least this year analysts have something substantive to sink their intellectual teeth into: the impact of incoming president Donald Trump. The results are fascinating — especially for bonds. The fixed income market has been one of the biggest victims in the “Trumpflation trade” that […]

|By Arabian Post Staff| DP World has announced the creation of an investment vehicle worth $3.7 billion in partnership with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers, for investing in global port developments. DP World will hold 55% share of the partnership. The platform will invest in ports and terminals globally (excluding the UAE) across the life cycle of the […]

For months we’ve been warning that real estate markets in NYC and San Francisco, among others, are getting ready to rollover as the market is about to be flooded with new supply of luxury apartments (see here and here).  Real estate in both markets are just starting to show signs of cracking as the apartments sales cycle is getting stretched out and pricing growth has stalled.  Now, […]

By Sinead Carew and Chuck Mikolajczak | NEW YORK NEW YORK The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump’s surprise Nov. 8 victory, […]

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