Before she spoke on Tuesday, Theresa May was gaining a reputation for talking sterling lower by spooking investors that Britain was headed to a disorganised exit from both the EU and its common market. Her Lancaster House speech was the first occasion the pound rallied to her Brexit views since becoming prime minister; it had risen nearly 3 per cent by the end of the London trading […]
HH Sheikh Mansour Bin Zayed: “The UAE is playing an active role in driving research in science and technology to identify solutions to tackle global water security challenges. This comes in support of the ambitious innovation and energy strategies of our country” Abu Dhabi-UAE: 17 January, 2017 Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs […]
Saudi Arabia will launch in coming weeks a renewable energy programme that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few weeks start the first round of bidding for projects under the programme, which would produce 10 […]
With rapid development in urban civilization and a gradual increase in the number of automobiles, traffic is becoming an intolerable issue. Airbus Group’s urban air mobility division has crafted a flying car that shall assist in avoiding the annoying traffic congestions on the road. The group plans to examine a prototype for the electrically-operated, self-piloted flying car. These cars shall assist commuters to avoid the traffic blockage. The Urban Air […]
|By Arabian Post Staff| Dubai-based leading private-equity firm Abraaj is raising an investment fund this year that will have a global focus as the company seeks opportunities in defensive industries such as health care and education, chief executive Arif Naqvi said in an interview at Davos. The firm has “a group of investors who have been supportive of us all the way through the last few years,” […]
Masdar, Abu Dhabi’s renewable energy company, has acquired a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea, it was announced on Tuesday. Through the transaction, Statoil and Masdar have agreed to share the development risk and Masdar will cover 25 percent of previous and future costs. Due to start commercial operation in late 2017, Hywind Scotland is the world’s […]
PARIS In May last year, then French Economy Minister Emmanuel Macron sat down with Socialist lawmaker Christophe Sirugue in the steel town of Le Creusot and asked him to join his new political movement. He said No. Eight months on, others are saying Yes. A political outsider who has never run for office and hopes to transcend the classic Left-Right divide, Macron suddenly seems to have a […]
Facebook is throwing its weight behind French tech by choosing Paris to launch its first official start-up incubator, as the battle heats up among European capitals to lure the best tech companies following the Brexit vote. The social media giant announced on Tuesday it had become a founding partner in Station F, a €250m start-up campus in central Paris that is set to be the largest in […]
ABU DHABI // The UAE is positioning itself as a “centre of gravity” for energy, officials said at the opening of Abu Dhabi Sustainability Week on Monday. Tens of thousands of people from more than 170 countries were welcomed at the event, which is the first major international gathering in 2017 aimed at mitigating climate change. Issues such as growing energy and water needs, challenges of urbanisation […]
Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]
The Brazilian IT industry is predicted to grow by 3.3 percent and generate revenues of R$76,1 million ($23,4 million) in 2017, according to an annual trends survey by Brazilian analyst firm IT4CIO. The survey on technology investment trends surveyed 1,500 IT decision makers at large and medium-sized companies and found that 45 percent of executives expect investment growth, while 22 percent stated that a budget reduction is […]
“Dedication, that’s what you need, if you want to be a record breaker,” sang the TV entertainer Roy Castle on the long-running BBC programme dedicated to notable feats. London’s FTSE 100 has been on a dedicated record-breaking run all of its own, notching up an unprecedented 14 consecutive sessions of gains by the end of last week, a run which only ended on Monday, when the index […]
OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister Khalid Al-Falih said. The re-balancing of the oil market should take place by the end of the first half of the year, Al-Falih told reporters during an energy event in the United Arab […]
By Nigel Stephenson | LONDON LONDON Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets. U.S. markets were closed for the Martin Luther King Day holiday, crimping market activity and potentially exacerbating price moves. The dollar .DXY rose, except […]
Atlas Copco is to split itself in two and appoint a new chief executive as Sweden’s largest industrial group tries to boost shareholder value. The Wallenberg-backed company is hoping to spin off its mining and construction tools business after a tough period following the slump in commodities market. That would leave the existing Atlas Copco to focus on compressors, vacuum technology and its big service business, which […]
Submitted by Mike Shedlock via MishTalk.com, Conventional wisdom suggests National Front candidate Marine le Pen will make it to the second round in French elections, then lose in a landslide to whoever her opponent happens to be. I believe le Pen’s odds of winning it outright are far better than most think. Current Polls Chart from Wikipedia, with image clips added. Top Five candidates Marine le Pen: […]
DUBAI/TEHRAN: Iran will not renegotiate its nuclear agreement with world powers, even if it faces new US sanctions after Donald Trump becomes president, Deputy Foreign Minister Abbas Araghchi said on Sunday.US “hostility” to Iran is growing day by day despite Tehran’s nuclear deal, the senior Iranian official said, ahead of the first anniversary of the historic accord.“The United States has done whatever it can do (to) slow […]
Seldom have such small chips carried such a heavy load. China’s fledgling semiconductor industry, after a messy birth, now finds itself in the crosshairs of conflicting political goals in Beijing and Washington. Chips are a key plank of China’s industrial plans, attracting a massive $150bn government subsidy. This reflects national angst over reliance on overseas markets — it spends more on importing semiconductors than oil — and […]
Monday 02.10 GMT Overview Asian markets were mostly lower despite bank-led gains for Wall Street on Friday but the spotlight was on the British pound as it tumbled to a four-month low amid heightened expectations of a “hard Brexit”. Hot topic Sterling was down 1.3 per cent at $1.2027 after falling as low as $1.1986 in early Asian trading, ahead of a speech on Tuesday in which […]
Delta Air Lines CEO has again raised the prospect that President-elect Donald Trump’s administration would intervene in the US carriers’ dispute with Gulf airlines. Ed Bastian, speaking to investment analysts during the carrier’s recent quarterly earnings call, said that officials from the US ‘big three’ – American, United and Delta – have already met with officials from Trump’s transition team to discuss current industry issues, including the […]
Optus has announced extending mobile coverage along the Highway 1 route in Western Australia by using nine small cells that utilise Optus’ satellite services rather than having to build out additional mobile towers. The small cells will be located at the Billabong Roadhouse, Overlander Roadhouse, Wooramel Roadhouse, Minilya Roadhouse, Nanutarra Roadhouse, Fortescue River Roadhouse, Pardoo Roadhouse, Sandfire Roadhouse, and 80 Mile Beach, Western Australia. “We are investing […]
15 January 2017 In less than 6 weeks since its launch date, Startup Hero’s Youtube channel has announced over 136,000 subscribers, making it the largest business focused channel in the United Arab Emirates, attracting aspiring entrepreneurs from all over the world in just one episode. Startup Hero is the latest show in the Middle East to turn business ideas into reality by connecting young entrepreneurs with potential […]
In line with H.H. Sheikh Khalifa’s move declaring 2017 as ‘Year of Giving’ 15 January 2017 As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, has expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School […]
Investors in Fiat, the carmaker under investigation for violating emissions laws, have been accused of ignoring clear signs of corporate governance failings at the Italian-US business. Fiat Chrysler’s share price fell 16 per cent on Thursday immediately after the US environmental watchdog warned the company could face a fine of up to $4.6bn. It is accused of breaking emissions laws in 104,000 diesel vehicles. The US regulator […]
