The UK’s Autumn Statement arrives laden with investors waiting to see whether the British government will make good on recent heavy-handed hints about fiscal expansion. Past Treasury updates have tended to be a damp squib in global financial markets — political posturing and fiddling with tobacco taxes rarely able to catch the interest of international money. This year however the chancellor, Philip Hammond, has an opportunity to […]
Boosting spending on infrastructure and improving education could relieve some of the burden on the US central bank to support the economy, a top policymaker said on Monday amid speculation that Congress could push through a fiscal expansion after years of budgetary restraint. Stanley Fischer, vice-chairman of the Federal Reserve Board, said that the central bank did not need to be the only game in town and […]
For the past year, Deutsche Bank was one of the most stubbornly pessimistic banks. Then, overnight, everything changed for one reason: Donald Trump. The German bank laid out its 180-degree change in opinion in a 30-page Friday note titled “Trump: the huge picture for stocks”, in which it revealed that it now expects the S&P to easily rise to 2,250 by Trump’s inauguration, and then rise to […]
Everywhere you look these days, it seems someone is talking about innovation. Whether at work or at home, when travelling, shopping or ordering a taxi, innovation is making our lives easier, reducing our impact on the environment and saving us money. As a result, it has become a career buzzword and young people across the region increasingly want to get involved and make an impact on their […]
|By Arabian Post Staff| Dubai residential prices further slipped by 2.6 percent during the third quarter, taking the average residential values down 7.4% during the past twelve months, reports real estate consultants Cluttons. The rate of decline is, however, expected to slow heading into 2017 before reaching a new base towards the end of next year, it forecasts. Cluttons’ Dubai Winter 2016/2017 Property Market Outlook report highlights that values slipped […]
In late October, when it was still conventional wisdom that Hillary was “guaranteed” to win the presidency, the WaPo explained that among the neo-con, foreign policy “elites” of the Pentagon, a feeling of calm content had spread: after all, it was just a matter of time before the “pacifist” Obama was out, replaced by the more hawkish Hillary. As the WaPo reported, “there is one corner of […]
19 November 2016 Doha, Qatar: Commercial Bank, Qatar’s first private bank, is proud to announce it has won the “Best Cash Management Bank in Qatar” award at The Asian Banker Middle East & Africa Transaction Banking Awards 2016, held in Dubai. The Asian Banker is an authoritative provider of strategic business intelligence to the Asian financial services community. Judged by an international board of advisors, applicants were […]
It may not get the international acclaim of Dubai or the media attention of Doha, but Ras Al Khaimah (RAK) is quietly making its mark. Famed largely for bringing the world RAK Ceramics, the northern UAE emirate is forging a serious reputation on the global business stage. Be it in tourism, free zones, property or infrastructure, everywhere you look in RAK, something new is springing up. And […]
Facebook unveiled a share buyback scheme on Friday, saying it would repurchase up to $6bn of its stock as its investors brace themselves for slower growth next year. In a regulatory filing, Facebook said that the board had approved the buyback on Friday. It will begin in the first quarter of 2017 but the scheme has no set expiration, leaving Facebook the flexibility to be opportunistic if […]
You can read our charts-based explainer here. Sometimes the end of an era comes imperceptibly, with it only becoming apparent long after the fact. But many investors are in little doubt that Donald Trump’s election victory loudly trumpets that an entirely new market regime is nigh. The subsequent shockwaves — which sent equities powering higher on stimulus hopes, bonds crashing on inflation fears and emerging markets quaking […]
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Bahrain Petroleum Company (Bapco) is in talks with export credit agencies (ECAs) to finance the expansion of its Sitra oil refinery, a project estimated at around $5 billion, sources familiar with the situation said on Thursday. The state-run Bahraini company is talking to seven or eight ECAs to back a component of the project financing, said one of the sources, who added that the financing could be […]
Every autumn, Hong Kong restaurants serve a seasonal delicacy: hairy crabs, shipped the same day from lakes around the Chinese city of Suzhou. But the territory’s food safety inspectors recently made a shocking discovery: some crabs in this year’s consignment contained dangerous levels of cancer-causing chemicals. Even worse, the crabs appeared to come from Lake Tai, a model in China’s fight against pollution after a multiyear, multibillion-dollar […]
Photo An Israeli settlement surrounded by a defensive wall near the West Bank city of Ramallah. Credit Thomas Coex/Agence France-Presse — Getty Images Right-wing Israeli politicians see Donald Trump’s election as helpful toward their goal of burying the prospect of a Palestinian state. On Wednesday, Israeli lawmakers gave preliminary approval to a bill that would retroactively legalize settlements built on private Palestinian land in the West Bank. […]
Swiss International enters Riyadh with Swiss International Royal Hotel and Swiss Spirit Hotel & Suites Metropolitan Baar (CH)/ Ras Al Khaimah (UAE)/ Riyadh (Saudi Arabia), November 17, 2016 – Gearing up to boost its presence in Saudi Arabia, Swiss International proudly announces the arrival of its first 2 hotels in Riyadh. The chain will be entering the capital city with Swiss International Royal Hotel and Swiss Spirit […]
BANGKOK Thailand’s Charoen Pokphand Foods Pcl (CPF) (CPF.BK) said it will acquire U.S. frozen-food producer Bellisio Parent LLC for $1.075 billion, paving the way for an entry into the world’s largest food market. The acquisition is in line with CPF’s strategy to expand into high-potential markets, CEO Adirek Sripratak said in a statement. CPF, controlled by Thailand’s richest man Dhanin Chearavanont, signed a purchase agreement on Thursday […]
Muscat, November 17, 2016 In line with its objective to continue to enhance customer experience and touch-points across the country, Bank Sohar has further expanded its ATM network with the introduction of a new off-site ATM in Azaiba. The new ATM, located at the Mars Hypermarket, will offer greater banking convenience to customers in the area as well as to those who shop at the location. Highlighting […]
By Paul Sandle | LONDON LONDON Google delivered a vote of confidence in London’s future as a technological hub after the Brexit vote on Tuesday by announcing plans for a new building in the King’s Cross area of the city that will house thousands of extra engineers. Google’s Chief Executive Sundar Pichai said computer science had a great future in Britain, citing the talent pool, educational institutions, […]
“Phase one is the hope phase,” Stephen Cucchiaro, chief investment officer at 3 Edge Asset Management, says of the reaction in financial markets to president-elect Donald Trump. “As it is a while until he’s president, you can hope for fiscal stimulus getting growth going and reawakening animal spirits.” Evidence of exuberance is not hard to find. S&P 500 financials and heathcare stocks are flying; US 10-year Treasury […]
Sharing screenshots or footage of Watch Dogs 2’s full-frontal nudity may get your account suspended by Sony. After accidentally taking down some female NPCs during a playthrough of Ubisoft’s new open world shooter, Adam, a UK QA tester, used the PlayStation 4 Share feature to screenshot a fallen character seemingly wearing crotchless panties. “On Sunday evening I accidentally blew up a few women in a back alley […]
Members of Prime Minister Benjamin Netanyahu’s Likud party and other rightist politicians jumped to make hay of the change. Continue reading the main story Yoav Kish, a Likud member of Parliament, called for the expansion of Israeli sovereignty into the West Bank; Meir Turgeman, the chairman of Jerusalem’s municipal planning committee, said he would now bring long-frozen plans for thousands of Jewish homes in the fiercely contested […]
|By Arabian Post Staff|Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, Bloomberg reported quoting people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as it seeks to diversify its assets, […]
|By Arabian Post Staff|Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, Bloomberg reported quoting people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as it seeks to diversify its assets, […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
