Here are the key questions we are asking at FT Markets ahead of the first full week’s trading after the US election — with the overarching theme being the repositioning across portfolios for president-elect Donald Trump’s transition into power. Emerging markets — remission, or further pain? The prospect of a faster-growing US economy is usually good news for emerging markets. When it comes with the risk of […]
DUBAI // Few sports can match the calorie-burning potential of squash, and coaches in Dubai are making it more accessible to children to help defeat the nation’s obesity problem. Coaches are being brought in by Dubai’s Elite Squash to lead lessons in schools and encourage more young people to take up the sport. As well as coaching clinics, Neil Young has started a squash programme with the […]
Photo United States goalkeeper Brad Guzan (12) could not stop a header by Mexico’s Rafael Márquez in the 89th minute of a World Cup qualifier in Columbus, Ohio. Credit Jamie Sabau/Getty Images COLUMBUS, Ohio — For years, the score was so ingrained it became a mantra. A rallying cry. A marketing device, even. Four straight times, the United States men’s soccer team faced Mexico in a home […]
Donald Trump has appointed Mike Pence, his running mate, to head his transition team as he prepares to start naming people to fill top posts in his administration. Mr Trump also appointed four members of his family, including his daughter Ivanka and her husband Jared Kushner, along with the financiers Anthony Scaramucci and Steven Mnuchin. The team will also include Stephen Bannon, his campaign chief executive, Reince […]
Just like the bulk of political pundits and mainstream media commentators, opportunistic internet entrepreneurs were caught off guard by the shock result of Tuesday’s United States presidential election. The day after Donald Trump became the 45th president of the United States it was still possible to find “Don’t blame me, I voted for Trump” T-shirts and hoodies online. But the full story of the shock sustained by […]
LOS ANGELES // Leonard Cohen, the baritone-voiced Canadian singer-songwriter who seamlessly blended spirituality and human relationships in songs like Hallelujah, Suzanne and Bird on a Wire, has died at age 82, his son said Thursday. “My father passed away peacefully at his home in Los Angeles,” Adam Cohen said in a statement. “He was writing up until his last moments with his unique brand of humour.” Cohen, […]
ABU DHABI // Mass extinction of species, how to boost economic growth without harming the planet and the effects of mass agriculture are all issues to be addressed at the Cop 22 summit. The meeting in Morocco, which began this week, follows last year’s Paris Agreement, where 196 countries committed to reducing global warming to less than 2°C. One of the major discussion points is that the […]
By Makiko Yamazaki | TOKYO TOKYO Japanese conglomerate Toshiba Corp swung to an operating profit in the July-September quarter, driven by strong demand for NAND flash memory chips from Chinese smartphone makers. That boom in demand has been a blessing for Toshiba, which is seeking to recover from a $1.3 billion accounting scandal by turning itself into a company more focused on chips, nuclear energy and social […]
Saudi Arabian stocks extended their winning streak to six days, entering a bull market as investors bet the government’s belated payments to contractors would help spur more gains. The Tadawul All Share Index added 2.3 percent to the highest level since July, taking its rally this week to 7.7 percent. The gauge has advanced more than 20 percent since a recent low on Oct. 3, crossing the […]
Emirates Group first-half profit plunged 64 percent as the world’s biggest airline by international traffic struggled with a rising U.S. dollar and political and economic uncertainty that damped global travel and weighed on fares. Net income fell to 1.3 billion dirhams ($364 million) in the six months through September from 3.7 billion dirhams a year earlier, the Dubai-based carrier said Wednesday in a statement. Revenue rose 1 […]
INTERNATIONAL. Nine out of 10 banking professionals surveyed at large U.S., European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture (NYSE: ACN). The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues. The report – Blockchain Technology: How banks are building a real-time global payment network – […]
The University of Birmingham has delivered an interactive digital version of what is very likely the world’s oldest surviving fragment of the Quran to the UAE. It is the first time that this version, which offers the touch sensitivity of a tablet and has become known as the Birmingham Quran, has been seen outside of the UK. Two versions will form permanent centrepieces of next year’s UK-UAE […]
Major DDoS Attack Causes U.S. Outages on Twitter, Reddit, Others Early this morning, a large distributed denial of service attack (DDoS) directed at the Internet performance management company Dyn caused Web site outages for a number of its customers, including Twitter, Reddit, Spotify and SoundCloud. Services were restored to normal by 9:20 a.m. Eastern Time, the company said. In a status update shortly after 7 a.m., New […]
|By Matein Khalid| The fall in oil prices since 2014 has triggered a liquidity crunch and higher funding costs in the UAE banking system. EIBOR is almost double the London interbank rate LIBOR. Non-performing loan (NPL) have begun to rise as property prices have fallen 20% from their peak and corporate/SME borrowers are hit by a sharp downturn in the business cycle. DIB shares reflect these macro […]
Google, Hewlett Packard Enterprise and IBM are among nine tech giants coming together to promote a new standard for data center servers. Designed to speed up server performance, the OpenCAPI specification is aimed at helping businesses better handle today’s increasingly data-intensive workloads. Working together as part of the new OpenCAPI Consortium, the industry partners said they expect that the first products based on the new standards will […]
|By Alaa Al Ghamdi| The film “Bilal” has recently been released in the Middle East. I’m hoping that it is the first in a long line of new films to come out of the Arab world. Art, specifically cinema, theatre and television, is struggling to find a place in the Arab world, with those that are being released unsure of whether they will get the accolades, the […]
WASHINGTON — The United States formally suspended talks with Russia about the protracted Syria conflict on Monday because of the Russian military’s role in the assault on the besieged Syrian city of Aleppo. The United States also shelved plans with Russia for the joint military targeting of jihadists in Syria, the State Department said in a statement. The American step reflected aggravated tensions with Russia on a […]
When I went to Las Vegas last week I didn’t go to visit clubs, gamble or even take in a show. Those were activities for another trip. This time I attended the Automotive IQ System Safety conference. I met engineers, auto executives, and computer programmers who shared the same concern about autonomous vehicles: how safe is safe enough? Companies like Uber and Tesla are rolling out autonomous technology faster […]
UAE. The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst on-going global uncertainty, according to the H1 2016 UAE Industrial & Logistics MarketView, by global real estate consultancy firm CBRE. The softening of crude oil prices over the past 18 months has had mixed effects on the UAE industrial sector, and on the markets in Dubai and […]
The UAE was ranked first regionally and 16th globally in the latest Global Competitiveness Report issued by the World Economic Forum (Davos) in Switzerland. The report is one of the most important global competitiveness reports, which monitors annual performance and competitiveness of the economies of countries in terms of strength, weakness, impact on quality of life, prosperity and well-being of people. Switzerland, Singapore and the United States […]
UAE. Mobile phones are the most commonly used device among consumers in the UAE and more than half of all consumers (59%) prefer using their smartphones over any other device to make payments, the new Mastercard Impact of Innovation Study reveals. The study surveyed 23,000 consumers in 23 different countries across the Middle East, Africa and Europe about their attitudes to digital technology. It found that while […]
UAE. Dubai’s residential and hospitality markets have rebalanced towards a “new normal” in the first six months of 2016, according to Deloitte’s new report “Deloitte Real Estate Predictions 2016 – H1 Review.” The report predicts that residential sale prices will decline further in Dubai for the balance of 2016, but that this rate of decline will slow, as value and affordability returns to the market. “Our real […]
|By Arabian Post Staff| High gold prices are threatening India’s status as a leading importer of gold and this has significant impact on Dubai gold trade. According to Indian reports, the Indian gold bazaars have seen a mass movement of people selling their gold jewelry. The market has transformed from whole sellers and brokers to individual gold sellers looking to take advantage of the high price of gold, […]
|By Arabian Post Staff| OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production, Bloomberg reported. Saudi Arabia and Iran, whose rivalry thwarted a deal with other major producers in April, didn’t reach agreement after two days of […]
