RIYADH: Foreign ministers from the six-nation Gulf Cooperation Council (GCC) will this week hold a meeting to draw up the agenda for a summit to be attended by the heads of GCC countries early next month in Bahrain. Collective security, military affairs, regional conflicts and common market as well as falling oil prices will make the agenda of the ministerial meeting.This GCC ministerial meeting, the first after […]
|By Arabian Post Staff|Leading UAE bank FGB has launched the UAE’s first Wealth Sentiment Index, which measures the prevailing mood of affluent investors in the UAE market, from a personal and business point of view. The index will serve as an indicator of the overall sentiment of the market, based on existing fundamental and economic factors. The new index was launched during FGB’s fourth annual Investment Conference, […]
Titanfall 2 Electronic Arts PlayStation 4, Xbox One, PC Four stars Robots just want to be our friends. Sure, there have been a few bad apples, such as the Terminators, Cylons and Ultron – but what about all the nice ones, such as Data from Star Trek and Rosie from The Jetsons? BT-7274, the co-star of Titanfall 2, just wants to be loved. Granted, this giant bucket […]
|By Arabian Post Staff|The online shopping experience in the Middle East will forever be changed with the launch of Noon in January. The region’s largest-ever ecommerce company, Noon will be a driver of innovation which will offer a vast product selection and fast delivery across all categories. With an initial investment of US$1 billion, Noon will launch in the UAE and KSA markets and will soon cover […]
|By Arabian Post Staff|The GCC has the potential to become the world’s fastest growing e-commerce playground, according to A. T. Kearney’s ‘Getting in on the GCC E-commerce Game’ report. Despite strong economic fundamentals, the GCC is one of the most underpenetrated e-commerce markets in the world. However, with high levels of disposal income, world-leading internet and smartphone penetration, and changing consumer preferences, there is robust potential in […]
SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]
Financial professionals arriving at their desks on Monday morning will have no shortage of views to digest on what the shock election of Donald Trump means for global markets. Having had a few days to consider the implications, economists, market strategists and analysts have penned thousands of words for clients in recent days that attempt to set out what the future holds. As Jan Loeys and his […]
Indian government’s surprise move to ban high-denomination banknotes on Nov. 8 has seen lenders lure 2 trillion rupees ($29.8 billion), as customers across the nation queue for hours to deposit the old bills. The decision has also put tremendous pressure on the banking system to replenish the funds, as the banned bills accounted for 86 percent of money in circulation. More than 70 million transactions were recorded […]
newslide Abu Dhabi Choral revue Attend the opening-night performance of ADCG: It Lives In You. Abu Dhabi Choral Group presents an autumn revue celebrating 40 years of entertaining audiences in the city, which includes musical memories from previous shows the group has staged, including South Pacific, Beauty and the Beast, and songs that celebrate musical theatre. • Tonight, Thursday and Friday, 7.30pm, from Dh90, Abu Dhabi Folklore […]
By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]
The marketing tag line that accompanies Dream Catcher’s press blurb is “raggle taggle folk”. This is a fair description, but a more fitting slogan for the band – who this week make their live debut in Abu Dhabi and Dubai – might be “big in Luxembourg”. That is the home country (population: 543,000) of the band – the long-standing solo project of veteran songwriter John Rech – […]
MILAN The board of Banca Monte dei Paschi di Siena (BMPS.MI) will meet on Monday to set the terms for a bond-to-equity conversion that is part of the lender’s capital boosting plans, a source familiar with the matter said on Sunday. Italy’s third-biggest bank is planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion […]
With a strong sustainability plan in place, TASNEEF will use CSR to encourage best practice and strengthen the UAE 2021 vision of excellence in both public and private sectors. Abu Dhabi – 14 November 2016 TASNEEF in cooperation with the joint venture TASNEEF Business Assurance has started to implement a Corporate Social Responsibility (CSR) system, in line with its strategic plans and CSR objectives, by various activities […]
Photo Speaker of the House Paul Ryan showing the president-elect, Donald Trump, and his wife, Melania, the speaker’s balcony at the United States Capitol on Nov. 10. Credit Zach Gibson/Getty Images The president-elect walked onto the stage before a crowd of euphoric supporters. It was his first public sighting since the networks called the election for him. Gone were his hoarse pleadings for support. His face bore […]
ABU DHABI // An aircraft has been chartered to fly Al Ain FC supporters to the first leg of the Asian Champions League final against South Korea’s Jeonbuk Hyundai Motors on Saturday. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, requested the airplane to take the fans to the city of Jeonju as part of the leadership’s support […]
By Patrick Rucker and Lisa Lambert | WASHINGTON WASHINGTON U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing […]
Peter Thiel, the billionaire who became Donald Trump’s most prominent backer in Silicon Valley, made a critical distinction last week. He complained that the media tended to take the man literally, but not seriously. Now that Mr Trump is the president-elect of the US, everyone takes him seriously. And hence it becomes vital to work out whether we should take what he has been saying literally. After […]
DUBAI // Three meteor detection stations have been set up across the Emirates, the UAE Space Agency said on Sunday. The UAE Astronomical Camera Network (UACN) is designed to track coordinates of meteors and orbital debris, calculating trajectories in case of local impact, and it monitored one such meteorite that landed on the outskirts of Abu Dhabi in September. The camera network will also contribute to discovering […]
Photo Members of the Iraqi police tried to pull a body from a mass grave discovered in Hamam al-Alil on Monday. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images GENEVA — Islamic State militants have summarily killed scores of civilians in the Iraqi city of Mosul in recent days, sometimes using children as executioners, and have used chemical agents against Iraqi and Kurdish troops, United Nations officials said […]
Riyadh, Saudi Arabia; November 10, 2016 Consumer confidence in Kingdom of Saudi Arabia (KSA) falls at the optimism baseline as the index decreased by four points from the previous quarter, according to the latest consumer confidence report from Nielsen. The Nielsen Global Survey of Consumer Confidence and Spending Intentions recorded a Consumer Confidence Index of 100 for KSA in Q3 2016, down from 104 in Q2 2016. […]
Samsung was surrounded with a lot of debate after some of its newly launched Galaxy Note 7 phablet exploded due to faulty battery. Samsung has already announced a global recall of the Galaxy Note 7, but it seems that the Samsung phablet is not the only one that can potentially explode. GizmoChina reports that an iPhone 7 Plus exploded in China’s Yunnan province, when it hit the […]
Nearly 25 years after they first conquered the White House and captured the commanding heights of the Democratic party, the Clinton family crashed to earth on Wednesday, shattering the ambitions of Hillary Clinton and her clan of fiercely loyal operatives. But as they come to terms with their rout some Democrats see a glimmer of hope, and a badly needed chance to rebuild a party that can […]
Alia Khalifa Al Nabooda strikes a real balance – she’s an entrepreneur and mother-of-four, who puts in the time to be successful at both. Last year, the 32-year-old co-founded VoucherSkout, a 50 per cent discount app for services across the UAE. “We’ve had our struggles, like any start-up business. Things haven’t gone exactly to plan, but now that we’ve launched, we can see the fruits of our […]
By William Schomberg | LONDON LONDON Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade […]
