Government led investment is driving a surge in domestic tourism across Saudi Arabia – with experts predicting a 40 percent surge in the number of internal trips made between 2015 and 2020. The Euromonitor International Tourism Forecast report, prepared ahead of The Hotel Show Saudi Arabia 2017, has revealed record levels of domestic travel within the kingdom. Following the announcement of Saudi Vision 2030 – the country’s […]
President Jacob Zuma has sacked Pravin Gordhan, his finance minister, and eight other cabinet members, threatening turmoil for South Africa’s fragile economy and setting the stage for the biggest crisis yet for the ruling African National Congress under his leadership. Mr Zuma’s decision to fire Mr Gordhan as part of a late-night cabinet reshuffle sent the rand down 2 per cent on Friday, taking the currency’s decline […]
March 31, 2017 by: Nicholas Megaw in London South African president Jacob Zuma’s dismissal of his well-regarded finance minister Pravin Gordhan has left the country’s currency on course for its worst week since 2015 and hit prices in the country’s government bonds and its banking stocks. It has also left analysts expecting imminent downgrades to the country’s credit ratings. The firing of Mr Gordhan — which was […]
Submitted via Priceonomics A quick spin through LinkedIn reveals that the quality of peoples’ profile photos is rather uneven. Some photos appear to be from highly professional photoshoots while others are grainy pictures captured from old cell phones. Is there any pattern in the data around professional networking photos? What professions have the highest quality photos? Do people that are fresh on the job market tend to have […]
Any sufficiently advanced parody is indistinguishable from reality. That’s an extreme paraphrase of Poe’s Law, but it applies to so much of our world today. Including the management of Twitter. On Thursday, Twitter announced more changes to the way it works. Soon after, an image started circulating which supposedly explained these changes. And it was so confusing. “Replies now part of Timeline. Timeline and TimelLine are now […]
China’s factories stopped losing jobs in March for the first time in nearly five years as manufacturing activity grew at the fastest pace since 2012, according to an official gauge of the sector. The official purchasing managers’ index for China’s manufacturing sector came in at 51.8 in March, climbing further above the 50-point mark separating growth from contraction. But the biggest turnround came from a sub-index tracking […]
Future of manufacturing requires strong SME sector, HE Saif Al Hajeri tells delegates Daylight Programme has positive impact on females working in manufacturing sector Partnership with universities has helped develop technologies which UAE can export Abu Dhabi, UAE, March 30, 2017 HE Saif Al Hajeri, the CEO of Tawazun Economic Council & Tawazun Holding, told the Global Manufacturing and Industrialisation Summit, taking place at the […]
The Department of Industry, Innovation and Science has gone to tender to find a provider to develop a package to help Australian small-to-medium enterprises (SMEs) understand and tackle cybersecurity. The department is after a supplier to design, develop, and deliver cybersecurity-focused materials for business advisors to motivate Australian SMEs, while still adhering to their responsibility under the Business Evaluation (BE) process — a service under the Business […]
By Diego Oré and Andrew Cawthorne | CARACAS CARACAS Opposition leaders branded Venezuela’s socialist President Nicolas Maduro a “dictator” on Thursday after the Supreme Court took over the functions of Congress and pushed a lengthy political standoff to new heights. There was swift and widespread international condemnation of the de facto annulment of the National Assembly, where the opposition won a majority in late 2015 amid an […]
Growth in trade between African nations looks promising, driven by demographics and growing Middle Class Narrative surrounding the continent still too negative, while work needs to be done to improve infrastructure Abu Dhabi, UAE, March 30, 2017: Industrialisation across Africa is being held back due to misperceptions about the risk of investing in the continent, according to a panellist at the Focus on Africa session held […]
Politics & Economics British Prime Minister Theresa May has outlined her desire for a trade deal with Qatar once the UK leaves the European Union She told an investment conference in Birmingham that Britain wants to work more closely with the Gulf state on defence, education and financial services. (Source: Al Jazeera English YouTube channel) Source link
If President Jacob Zuma of South Africa wanted to know how markets would react if he sacked Pravin Gordhan as finance minister, he got part of the answer this week. The rand shed 4.4 per cent of its dollar value earlier this week after Mr Zuma ordered Mr Gordhan to cancel a roadshow with investors on the first day and fly home from London, without explanation. The […]
When Viacom Inc’s (VIAB.O) Spike TV rebrands as the Paramount Network in early 2018, the struggling media company hopes to position itself as a challenger to top-rated U.S. cable networks like Comcast Corp’s (CMCSA.O) USA and Time Warner Inc’s (TWX.N) TNT with shows that have the caliber of HBO. Viacom is heading into the upfront, when U.S. TV channels sell the bulk of their advertising inventory for […]
JPMorgan is in talks to buy a new building in Dublin, but has told London staff it will not “rush into any decisions” on how it will adjust its operations after Brexit. Bloomberg reported that the US bank was in talks to buy a 130,000 sq ft office in the centre of the Irish capital which could accommodate about 1,000 people. The bank declined to comment. The news […]
Speed was once a ticket to riches in financial markets. Now it’s the bare minimum. Electronic trading groups that made fortunes by being first to pounce on favourable prices are finding it tougher to stay ahead in markets where transactions unfold in billionths of a second. Their costs have risen at the same time that volatility and volumes — essential elements for profitable trading — have ebbed. As a […]
CAPE TOWN, South Africa, March 30, 2017 The award-winning African Utility Week (www.African-Utility-Week.com ), taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, […]
By Anthony Esposito | MEXICO CITY MEXICO CITY Mexico’s states are turning to Asia and beyond as some U.S. companies put investment plans on hold south of the border following President Donald Trump’s calls to bring jobs back home. A delegation of three Mexican state leaders, headed by the National Confederation of Governors (Conago), traveled to China this week to meet with business leaders and discuss investment […]
For a US$2,000-a-night (Dh7,345) trip to the land of happiness, I’m a little surprised by the “assumption of risk and limitation of liability” statement my tour operator, Amanresorts, insists I sign before proceeding with my Bhutan itinerary. “I understand that I am undertaking travel to a remote geographical area in an undeveloped country where, among other things, a sense of urgency, attention to detail, standards of quality, […]
The Tasman Global Access (TGA) submarine cable has been switched on, connecting New Zealand with Australia, thanks to a partnership between telecommunications carriers Telstra, Spark, and Vodafone. The $100 million 2,288km submarine cable, which extends from Ngarunui Beach in Raglan to Narrabeen Beach in Sydney, is made up of two fibre pairs with a total capacity of 20Tbps. Following construction, the cable was laid by Alcatel-Lucent Submarine […]
Authored by Konstantin Richter via Politico.eu, Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.) But let’s just suppose that, when the […]
Bank of Queensland (BoQ) has announced its results for the first half of the 2017 financial year, reporting a 6 percent year-on-year drop in statutory net profit after tax to AU$161 million. Interim cash earnings after tax for the six-month period came in at AU$175 million, down 2 percent on the prior corresponding period. For the six months to February 28, 2017, BoQ reported AU$252 million in […]
Authored by Brandon Smith via Alt-Market.com, The general public truly lives in two separate worlds. We have the world of the mainstream media, popular culture and political rhetoric; a world which constantly and desperately seeks to twist or destroy any legitimate measure of reality, leading people into a frenzied fog. Then, we have the world of concrete facts; an ugly, brutal world that upsets many people […]
● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit 29 March 2017● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit Abu Dhabi, UAE – Day one of the Global Manufacturing and […]
Oman is most likely to face a “forced currency devaluation” in coming years due weak oil prices and low financial buffers, according to a new report. In its report issued on Wednesday, BMI Research, a Fitch Group Company, said that the “probability of such a move is rising.” Oman’s crude oil price have declined to $45.9 per barrel driven by weakness in global energy markets since early-2017, […]
