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Yahoo will be probed by the United States Securities and Exchange Commission (SEC), it has been reported, with authorities expected to investigate whether the company should have disclosed its two data breaches sooner to investors. According to The Wall Street Journal, the SEC investigation is still in its early stages, and is expected to look into whether Yahoo’s disclosures about the data breaches complied with civil securities […]

Abu Dhabi’s government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion. The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors across the world. The new […]

PayTM, the Alibaba-backed Indian smartphone payments platform, plans to enter the asset management market a month before it begins banking operations in the country. The group, which has attracted more than 170m users since it started seven years ago, told the FT that its aggressive strategy to disrupt traditional finance will soon extend to loans, wealth management and mutual fund products. The move could give PayTM an even […]

The agreement continues the efforts to support strategic projects in the emirate, according to the Abu Dhabi Vision 2030 Abu Dhabi, January 22, 2017 The Office of His Highness Sheikh Falah Bin Zayed Al Nahyan has signed a strategic partnership agreement with Hyperloop Transportation Technologies (HTT), as part of its support for the project to link the cities of Abu Dhabi and Al Ain via Hyperloop technology. […]

By Carmel Crimmins and Pamela Barbaglia | DAVOS, Switzerland DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. At the annual gathering of the world’s political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas’ rivals […]

Britain’s security co-operation with EU countries will be on the table as part of the Brexit negotiations, Theresa May has said as she prepares to become the first world leader to meet new US president Donald Trump. The prime minister plans to discuss British-US co-operation on terrorism and Nato at the meeting in Washington on Friday, the prime minister said on Sunday — and sent a signal […]

|By Arabian Post Staff| Emirates, Etihad and Qatar Airways are together poised to expand their fleet by almost 650 new planes, according to an expert in aviation inspection, safety and maintenance systems. “If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, Regional Managing Director of Olympus Middle East and Africa. Mid-December 2015, Iran announced a fresh […]

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TAIPEI Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans, which would be carried out with its unit Sharp Corp (6753.T), still depend on many factors such as investment conditions that would have to be negotiated at the […]

The world’s largest pension fund, Japan’s GPIF, is under intensifying pressure to draw a “line in the sand” on corporate governance standards in the country as other investors rail against a controversial takeover deal. The imbroglio centres around Panasonic’s proposed purchase of PanaHome. Investors say it represents one of the sternest tests to date of Japan’s stewardship and governance codes, guidelines introduced in 2014 as part of the “Abenomics” drive to […]

MANILA Philippine President Rodrigo Duterte is sending a cabinet-level delegation to Beijing this week to meet with China’s Vice Premier Wang Yang and other top Chinese officials to discuss investment deals and his country’s chairmanship of the Association of South East Asian Nations (ASEAN) this year.     The January 23-24 trip by Philippine officials includes Duterte’s finance, budget, economic, public works and transport secretaries, according to a […]

Dubai, 22nd January 2017 Propertyfinder Group, the UAE’s leading real estate search portal, expects unit handovers in Dubai this year to be significantly lower than developers’ official projections, which should help support prices. While that may not be welcome news for off-plan investors hoping to soon pick up their keys, a more protracted handover schedule is better for market stability and in the long term helps protect […]

Kuwait is well positioned to mitigate the impact of lower oil prices on the economy despite a deterioration in the country’s fiscal position, according to the International Monetary Fund. It said in a new report that Kuwait’s nonhydrocarbon growth has moderated from 5 percent in 2014 to about 3.25 percent last year as a result of the drop in oil prices. However, large financial buffers and low […]

Middle East stands out as a key growth area for food providers in global packaged F&B, with market tipped to reach USD2.2 trillion by 2020 22 January 2017 Dubai, UAE: The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands […]

21 January 2017 Dubai – LABTEC LLC, a leading player in design, manufacturing, installation and commissioning of laboratory furniture and a part of Masharie LLC – a subsidiary of Dubai Investments PJSC, has won projects worth AED 11 million in the UAE and Eritrea to supply and installation of laboratory furniture and fire-rated doors. The new projects won by LABTEC include an AED 6.6 million contract for […]

By Pamela Barbaglia and Arno Schuetze | LONDON/FRANKFURT LONDON/FRANKFURT U.S. banks Morgan Stanley (MS.N) and Citigroup (C.N) have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales […]

When it comes to the future of bitcoin, the “holy grail” has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange. The SEC is expected […]

BANJUL He vowed to rule Gambia for “a billion years”. But Yahya Jammeh, who ran the nation of 1.8 million for a generation after seizing power in 1994, was forced out by regional military forces this week after refusing to accept his defeat in a Dec. 1 election. True to his reputation as one of Africa’s most unpredictable leaders, Jammeh defied deadlines to leave power but then […]

​Beware the delusions of an aggravated man. Of all the fantasies perpetrated in Donald Trump’s joyless rant of an inaugural speech, none was more preposterous than the self-casting of the man in the golden elevator as Defender of the People. The president’s crusade for Joe and Jane Sixpack will commence with an immense tax cut for the rich and, should Family Sixpack have any pre-existing health problems […]

21 January 2017 Abu Dhabi, UAE: Middle East Sulphur 2017, a new conference held from February 12-16, will highlight the ever-growing value of the commodity regionally and beyond. Often viewed as a by-product of the oil and gas industries, sulphur is now coming to the fore as its versatility and potential is realised by business leaders around the world. Sulphur is also the primary source in producing sulphuric […]

The government has granted an extension to the board of inquiry investigating Nationalist Party deputy leader Beppe Fenech Adami following the publication of an article in Malta Today claiming: ‘Money laundering investigation was not pursued when Fenech Adami’s name cropped up’ The extension was granted following a request by Judge J. D. Camilleri, who requested permission not to submit the report this week but […]

Almost 40 years ago, German audio specialist Sennheiser set its engineers an ambitious task: to create the world’s best headphones, irrespective of cost. By 1991, the task was complete and the legendary Orpheus HE90 launched for sale with a price tag of $16,000 – about $28,000 in today’s currency. Fast-forward two decades, and Sennheiser has done it again. Its updated version of the HE90, the Orpheus HE1, […]

By Catherine Ngai and Liz Hampton | HOUSTON HOUSTON Commodities trader and investor TrailStone Group has purchased Cargill Inc’s gas and power trading group, three sources familiar with the deal said this week. The move, first reported by Sparkspread, comes amid a reshuffling in the power and natural gas industry as private equity firms and hedge funds pour into the space, filling a void left by banks […]

The sequel to the award-winning documentary An Inconvenient Truth was finally premiered at the Sundance Film Festival after its announcement in December 2016. The followup to the 2006 documentary was accepted with a standing ovation, and followed by rave reviews. Though the screening at the film festival is limited, An Inconvenient Sequel: Truth To Power is scheduled for a July 28 theater premiere. We may have to wait […]

While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]

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