|By Saifur Rahman| Indian investment in Dubai’s real estate fell 40 per cent to Dh12 billion ($3.2 billion) in 2016, down from Dh20 billion ($5.4 billion) in 2015, Dubai Land Department reports show. However, Indian nationals remain the top foreign investor group by nationality. As has been the case in previous years, more than 7,000 UAE nationals from across the GCC, Arabs, and foreigners invested nearly Dh22 […]
|By Saifur Rahman| Sales transactions fall 20.76% to Dh103 billion The total value of land transactions declined marginally by 2.99 per cent to Dh259 billion in 2016, down from Dh267 billion recorded in 2015, and 18.8 per cent up from Dh218 billion recorded in 2014, according to Dubai Land Department (DLD) reports. The number of real estate transactions also declined 4.9 per cent to 60,595 last […]
By Paul Lienert and David Shepardson | DETROIT/WASHINGTON DETROIT/WASHINGTON Japan’s Takata Corp (7312.T) on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. The deal was announced hours after prosecutors in Detroit charged three former senior Takata executives with falsifying test results […]
130 entries from more than 40 nations discussed the most critical solutions to mitigate climate change risks over the next decade 14 January 2017 Abu Dhabi, UAE – Masdar, Abu Dhabi’s renewable energy company, has announced the winner of its fifth annual Engage Social Media Contest. This year’s contest received 130 entries, a record level of participation in the five years of this competition, with submissions coming […]
By Sinead Carew and Lewis Krauskopf | NEW YORK NEW YORK U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co. (WFC.N), JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) kicked off […]
|By Arabian Post Staff|The Shariah Standard for Gold, introduced with the support of the World Gold Council, will open up a vast new world for gold investments, according to the Council’s Gold Outlook Report for 2017. It quotes Mark Mobius of Franklin Templeton as saying the new Shariah Standard on Gold will be a “game changer.” “The Shariah Standard on Gold will enable the foundation of what […]
Wells Fargo has laid down plans to close at least 400 branches over the next two years as part of a push to cut costs as the US bank tries to recover from the scandal over sham accounts. The San Francisco-based lender, which operates more than 6,000 branches across the country, is accelerating closures as it aims to reduce about $2bn in expenses by the end of […]
12 January 2017 Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announces that Flynas in which KHC owns a 34.08% stake, finalizes a $8.6billion deal with Airbus for the purchase of new aircrafts. The ceremonial event will take place on Monday 16th January 2017. -Ends- About Kingdom Holding Company:Founded in 1980, KHC is a publicly traded company which was listed on […]
Bahrain-based Amlak, the real estate investment arm of the Social Insurance Organisation (SIO), has revealed plans to launch new projects in 2017. Amlak’s CEO, Mohammed Abdulelah Alkooheji, unveiled plans for The Sixty Six project, a six-storey residential building located in Umm Al Hassam, adding that a Bahrain-based contractor has been appointed to build it. He also announced that Amlak is currently studying the possibility of developing a […]
By Karen Freifeld | NEW YORK NEW YORK Moody’s Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, […]
Investors have returned to the world of debt in a cooling of the Trumpflation trade that pummelled bond markets and propelled equities to record highs after the US election. The shift, which has included fresh inflows to municipal, Treasury and emerging market bond funds over the past week, dovetails with a near month-long rally in haven US Treasuries and fatigue in benchmark stock indices. Municipal funds, which […]
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]
“We open a new hotel every 36 hours,” Sébastien Bazin remarks, after outlining the impressive portfolio of French hospitality chain AccorHotels, with 4,100 hotels spread across 95 countries and employing 240,000 people. The significant sum includes properties gained through the recent acquisition of FRHI, a hotel management company formerly owned by Qatar Investment Authority, billionaire Saudi Prince Alwaleed bin Talal’s private investment arm Kingdom Holding and Oxford […]
There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]
An increase in Facebook pushed the Nasdaq to a record high on Friday, and the S&P 500 also rose after major U.S. banks kicked off the fourth-quarter earnings season with strong results. Wall Street has surged since President-elect Trump’s unexpected election victory on optimism he will cut corporate taxes, spend on infrastructure and deregulate banks. With stocks trading at price-to-earnings valuations well above historical averages, many investors […]
Last Updated On 12 January,2017 01:04 pm Bench said statements of Sharif family are contradictory. ISLAMABAD (Dunya News) – Justice Ijaz-ul-Ahsan on Thursday has directed Pakistan Muslim League-Nawaz (PML-N) lawyer Makhdoom Ali Khan to satisfy the hearing bench over his statements. A five-member larger bench headed by Justice Asif Saeed Khosa resumed Panama Leaks case hearing. Other judges in the bench include Justice Ejaz Afzal Khan, Justice […]
The digital humanities is the most exciting field you haven’t heard of—unless you happen to work on a college or university campus. For everyone else, I’ll risk censure and offer the pithiest definition I can muster: digital humanities is an interdisciplinary field in which scholars and educators bring computational tools and methods to humanistic inquiry. (For a more thorough definition, I recommend curious readers visit […]
Chinese Premier Li Keqiang (R) meets with Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam Central Committee, in Beijing, capital of China, Jan. 13, 2017. (Xinhua/Li Tao) BEIJING, Jan. 13 (Xinhua) — Senior Chinese leaders Li Keqiang, Zhang Dejiang and Wang Qishan met with General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong in Beijing on Friday, vowing to […]
13 January 2017 Manama, Bahrain: Batelco, Bahrain’s leading digital services provider officially launched EasyPay, the first of its kind mobile payment service, in partnership with Ithmaar Bank, a Bahrain-based Islamic retail bank, and Arab Financial Services (AFS), one of the region’s leading electronic payments outsourcing service providers, at Seef Mall, Manama, on Thursday 12th of January 2017. The new service was announced by the three leading organisations […]
By Trevor Hunnicutt | NEW YORK NEW YORK BlackRock Inc (BLK.N), the world’s biggest asset manager, reported better-than-expected quarterly profits on Friday as it clamped down on expenses and investors stormed into lower-cost funds to take advantage of a year-end rally. Investors poured $88 billion into the company’s market-tracking index investments and its iShares exchange-traded funds during the quarter, while pulling $546 million from funds managed actively […]
BlackRock says it will raise its quarterly dividend after reporting the largest net inflows of new client money in its history in 2016, despite a 5 per cent fall in net income for the year. Reporting its fourth quarter and full-year results, the world’s largest asset manager said that it took in total net inflow of $202bn in 2016, as its total assets under management rose by […]
Crystal Lagoons, the patented technology developer of giant crystalline lagoons, has announced it has held a series of meetings with prominent Qatari real estate developers as the country looks to capitalise on a growth in tourism numbers and revenues. Designed to be self-cleaning, the lagoons only require topping up in response to evaporation and use up to 100 times less chemicals than traditional pool systems, and only […]
Takata, the Japanese automotive supplier at the centre of a global recall crisis over its exploding airbags, is expected to plead guilty as early as Friday to criminal wrongdoing in the US, as the Obama administration targets the global auto industry with a final burst of fines over environmental and safety issues. Takata is expected to agree to a criminal settlement with the Department of Justice on […]
European plane maker Airbus has ruled out plans to develop the A380neo, despite Emirates “challenging it for the new version”. In May 2016, Emirates president Tim Clark said the Dubai carrier would buy more of the A380 superjumbo, even if Airbus decided not to press ahead with the more fuel efficient ‘Neo’ version. Emirates is the world’s largest operator of A380s, having 89 aircraft currently in its […]
