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Kashmir killings raise fears of new bloodletting.  Full Article  India’s patent regime should not change – Cipla CEO.  Full Article  India raises duties on some steel products to counter Chinese imports.  Full Article  Bandhan, India’s newest bank, to launch operations in August.  Full Article  Greenpeace India admits failures after staff claims of rape, sexual harassment.  Full Article  Hong Kong debates election reform plan with veto likely.  Full Article  Swiss FIFA inquiry investigates 53 […]

The Chinese delegates at the EDB office New China push to spur Bahrain trade MANAMA, 16 hours, 32 minutes ago A delegation from the China Arab Council for Investment Promotion (CACIP) has arrived on a three-day visit to Bahrain as part of its mandate to promote investment co-operation between China and the Arab states. Organised by the Economic Development Board (EDB), the visit is aimed at strengthening […]

A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. Reuters/Dado Ruvic NEW YORK Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company executives told Reuters. […]

The logo of Alibaba Group is seen inside the company’s headquarters in Hangzhou, Zhejiang province early November 11, 2014. Reuters/Aly Song/Files BEIJING/SHANGHAI Chinese e-commerce company Alibaba Group Holding Ltd will invest in financial media outlet China Business Network in a deal set to be announced on Thursday, Chinese media reported on Wednesday. The investment in China Business Network, part of Shanghai Media Group (SMG), will be worth […]

UAE. Etihad Airways, the national airline of the United Arab Emirates, achieved its strongest financial results to date in 2014, posting a net profit of US$ 73 million on total revenues of US$ 7.6 billion, up 52.1 per cent and 26.7 per cent respectively over the previous year. 2014 PEFORMANCE SUMMARY OF ETIHAD AIRWAYS *The above results represent the standalone airline business within the newly formed Etihad […]

Plunging iron ore prices are providing a lifeline for some of China’s biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India. Even as China’s domestic steel demand shrinks and the industry battles chronic overcapacity, lower iron ore prices have helped many large mills post better earnings in 2014 than a year […]

National Bank of Abu Dhabi (NBAD) is not interested in buying retail business of Citigroup, and is instead targeting organic growth in the country and globally, the bank’s chief executive told Reuters on Sunday. The plan to grow organically by the United Arab Emirates’ largest lender sets it apart from several other big Gulf banks, which have sought to use overseas acquisitions as a way to expand […]

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HSBC Holdings, struggling to contain a scandal over tax evasion at its private bank, reported lower-than-predicted fourth-quarter profit as costs and conduct provisions rose. The shares slumped the most since 2011. Pretax profit dropped 56 percent to $1.7 billion from the year-earlier period, London-based HSBC said in a statement on Monday. That missed the $3.7 billion average estimate of five analysts surveyed by Bloomberg. Full-year profit fell […]

Liana Technologies ….. shortlisted in the European Business Awards competition. Liana Technologies nominated for European Business Award DUBAI, 1 days ago Liana Technologies, a leading online marketing software provider in the Middle East, has been shortlisted in the European Business Awards competition, for the Customer Focus category. The company is one of the national finalists, in which succeeding requires customer-focused products and services and high quality. The […]

Dubai Islamic Bank will reopen the Gulf bond market next week with a capital-boosting sukuk, the region’s first debt offering in two months as financial markets there wobbled under the impact of falling oil prices. A successful offering would not just bolster reserves at DIB, the largest Islamic bank in the United Arab Emirates, but also pave the way for others who may have been waiting to […]

Bad debts in China are well underestimated because authorities persist in propping up weak companies and bailing out local investors, according to DAC Management LLC. The Chicago-based asset management and advisory firm, which focuses on distressed credit and special situations in China, says the worst is yet to come, and that means lots of opportunities for the world’s biggest distressed debt traders. Nonperforming loans at Chinese banks […]

NEW DELHI: With global energy firms refusing to participate in the ambitious TAPI gas pipeline, India may propose getting a Chinese company to lead a consortium that will build the USD 10 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) gas pipeline.   French giant Total SA had initially envisaged interest in leading a consortium of national oil companies of the four nations in the TAPI project, but backed off after […]

Brisbane: DRIVEN by a strong domestic political agenda of getting black money back home, Prime Minister Narendra Modi on Sunday managed to get the Group of 20 include a certain clause in the final Leaders’ Communique that will make it difficult for tax havens to give complete tax exemption to companies. This, along with the G-20’s endorsement of a global Common Reporting Standard for automatic exchange of […]

By Anjan Roy   China is riding the crest of its economic success currently. It has taken one more step to make its currency globally traded and thus acceptable. China has announced what is known as the Hong Kong-Shanghai Stocks Connect from November 17. This in effect means off shore trading in the Chinese currency for purchase of stocks in Hong Kong and Shanghai exchanges.   Earlier, […]

KATHMANDU: India and Nepal are holding negotiations to sign a second Project Development Agreement (PDA) to generate hydorelectric power in the Himalayan nation endowed with rich water resources.   The negotiations for the 900 MW Arun-III project between Investment Board Nepal (IBN) and Satluj Jal Vidyut Nigam Ltd, India, which began here yesterday, continued today, Indian Embassy sources said, adding, they are set to continue tomorrow as […]

National Bank of Abu Dhabi (NBAD), the largest lender in the United Arab Emirates, has appointed a veteran former Barclays banker to run its consumer banking business, a source familiar with the matter told Reuters on Sunday. Suvrat Saigal, previously head of consumer banking at Barclays in India, takes over from George Beatty, who resigned in January as NBAD’s general manager of consumer and elite banking. An […]

A tie-up between Malaysian and Hong Kong asset managers aims to market Islamic funds in mainland China, helping expand sharia-compliant investment products outside the industry’s core centres in southeast Asia and the Middle East. The asset management arm of Malayan Banking Bhd and Hong Kong-based Bosera International will jointly develop Islamic investment products, Nor’ Azamin Salleh, chief executive of Maybank Asset Management Group Bhd, told Reuters. The […]

Luxembourg is poised to test demand for Islamic bonds as the issuer of the lowest-yielding sovereign sukuk on record plans to become a regular borrower. The country has been “encouraged” by investor feedback and the market’s readiness and will begin working on its next sukuk today, Finance Minister Pierre Gramegna said. Luxembourg, one of the smallest economies in the 28-member European Union, sold 200 million euros ($254 […]

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement. “We regret to notify you that Standard Chartered Bank will no longer be able to provide banking services to you, and your account(s) will be closed 30 days from the date of this […]

New Delhi: Shortly after 10 am on Friday, while the prime minister was exhorting an annual meeting of top military commanders from the Army, Navy and Air Force to be ready for any call to arms, India’s newest missile blasted off from a canister at the Chandipur test range on the coast of Odisha.   This was the Nirbhay long-range cruise missile, which can hit a target […]

Hong Kong police clashed with about 9,000 protesters in the Mong Kok district overnight after authorities cleared barricades, and student leaders asked the government to hold promised talks by Oct. 22. Police, some in full riot gear, battled with demonstrators for control of major roads in the busy shopping district north of the city’s harbor, less than 24 hours after authorities had cleared protest barricades and opened […]

An advertisement by the highway outside Dubai’s massive Jebel Ali Port tells firms they don’t need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. “Why go through the Strait when you can go straight to the Gulf,” the billboard […]

Dubai’s banks are extending loans to the local diamond industry, boosting the emirate’s ambitions of becoming a top trading hub as funding to rival Antwerp dries up. Emirates NBD PJSC. (EMIRATES), Mashreqbank PSC. (MASQ), and National Bank of Fujairah PJSC., are financing diamond cutters, polishers and traders operating on the Dubai Diamond Exchange for the first time, Peter Meeus, chairman of the exchange, said in an Oct. […]

|By TAP Staff| DIFC-based Henyep Investment Bank announced the addition of a large selection of international stocks, into its product list. Clients looking to invest in stocks of companies listed in matured equity markets like the US, UK and Hong Kong will now be able to trade over 100 international stocks, according to a release. Equity markets are riding a wave of renewed investor confidence due to […]

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