January 10, 2017 by: Nicole Bullock in New York US stock market bulls can be forgiven for feeling like Vladimir and Estragon, the two characters in Waiting for Godot. Donald Trump’s promise to cut tax and business regulation sent the Dow Jones Industrial Average up more than 8 per cent in quick order following his election in early November. However, it has failed to crack the 20,000 […]
Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]
Plans have been revealed for a AED1.8 billion ($490 million) development in Dubai to feature amusement parks, apartments, shops, restaurants and a cultural centre. Ento Capital Managment, an investment company licensed by the Dubai Financial Services Authority (DFSA), said it is geared to reconstruct the Wonder Land project, located on Al Riyadh Street. Hayssam El Masri, CEO of Ento Capital, said the project is slated to start […]
A man wearing a VR headset experiments with a merged reality experience using Project Alloy at the Intel exhibit during the 2017 Consumer Electronic Show in Las Vegas Virtual reality sought its stride Friday at the Consumer Electronics Show, where despite being a hot topic there was little sign it is racing into mainstream culture. Show floor space devoted to virtual reality abounded with companies diving into […]
The Federal Reserve should be ready to consider reducing the size of its balance sheet as part of its efforts to prevent overheating in the US, a senior policymaker said as he noted the pick-up in wage inflation and predicted a return of inflation to target by the end of the year. Eric Rosengren, the president of the Federal Reserve Bank of Boston, said that if the […]
Upon the closing of the $4.8 billion sale of Yahoo to Verizon, Yahoo will see itself renamed to Altaba Inc as it begins its new direction as an investment company. Complementing the name change will be a new board of directors, with only five individuals claiming a position at the table. Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney, and Jeffrey Smith will continue to serve as […]
By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump’s son-in-law, Jared Kushner, will become a senior White House adviser and work on trade deals and the Middle East, transition officials said on Monday, in a rare case of a close presidential family member taking on a major job. Kushner, 35, who is married to Trump’s daughter Ivanka, is taking the job after receiving legal counsel he would […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, THE ADDICTION Those who’ve had any brush with addiction know an addict will go to any length to support the habit, including stealing, lies and deception. The addict is aided and abetted by co-dependent friends and family members who cover up for the addict’s bizarre behavior and pretend nothing’s wrong. Breaking the addiction starts with the co-dependents recognizing their role and […]
ROME Italy is sending its ambassador back to Libya, its foreign ministry said on Monday, making it the first Western diplomatic mission to reopen in the divided country. Italy closed its embassy in Libya in 2015 as rival factions descended into a conflict which has let people smugglers operate with impunity and Islamic State establish a firm foothold. The foreign ministry said in a statement the ambassador […]
At CES 2017, self-driving cars were a hot topic. Faraday Future revealed its Tesla challenger, the FF91, while Chrysler, BMW, Honda, Hyundai, and Nissan all had anonymous vehicle announcements. But the big question is, when will truly self-driving cars be in use or available to purchase? That’s what I asked Ford executives before CES kicked off. Ford is actively developing its own self-driving car, and has what […]
By Svea Herbst-Bayliss | HARTFORD, Conn. HARTFORD, Conn. Boston Fed President Eric Rosengren on Monday called for the U.S. central bank to step up its pace of interest rate increases from the once-a-year pattern it has pursued since 2015, warning of inflation risks if it does not. “I expect that appropriate monetary policy will need to normalize more quickly than over the past year,” Rosengren told the […]
Once again, the dawn of a new year is upon us. People will wonder what to do, what will happen and what can they expect. We, as humans, will rely on pundits to tell us what they think and yes most of what will be said will have a 50/50 chance of being as much right as wrong. This year is going to usher in many seismic […]
Doha, 9 January 2016 Dr. R. Seetharaman, Doha Bank CEO was conferred with the Pravasi Bharatiya Samman Award (PBSA) by the Hon’ble President of India, Shri Pranab Mukherjee at the PRAVASI BHARTIYA Divas Convention on 9 January 2017 which is the highest honour conferred on overseas Indians by the Government of India in recognition of their achievements both in India and abroad. The PBSA was conferred was […]
By Jonathan Landay | WASHINGTON WASHINGTON The risk of conflicts between and within nations will increase over the next five years to levels not seen since the Cold War as global growth slows, the post-World War Two order erodes and anti-globalization fuels nationalism, said a U.S. intelligence report released on Monday. “These trends will converge at an unprecedented pace to make governing and cooperation harder and to […]
A high-profile forum co-hosted by the six-nation Gulf Cooperation Council (GCC) and European Union (EU) is to take place in Riyadh on Monday. In information carried on its website, the EU said that several GCC and EU officials would participate in the meeting aimed at expanding cooperation and encouraging bilateral investment. European Transport Commissioner Violeta Bulc is to lead the EU representation in the GCC along with […]
By Bernie Woodall and David Shepardson | DETROIT DETROIT Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) on Sunday said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, upping the ante as automakers respond to threats from President-elect Donald Trump to slap new taxes on imported vehicles. FCA’s announcement that it would retool factories in Ohio and Michigan to build new […]
Entrepreneurs in the country are using some old-fashioned handiwork to help create products for mass production at a fraction of the today’s costs. Whether this will be a manufacturing revolution or evolution, 3D printing is here to stay. For a man working at the frontier of a technological revolution, there is a surprising amount of handicraft to Ahmad Mackieh’s approach to 3-D printing that shows in the […]
Fiat Chrysler said on Sunday that it would invest an extra $1bn in the US and create 2,000 new US jobs at a time when global carmakers are under pressure from President-elect Donald Trump to boost US jobs and investment. Fiat Chrysler, which made its announcement as the Detroit auto show geared up to open to the press on Monday, insisted that the move had nothing to […]
Banks have flooded the market with debt in the first days of the new year, propelling a record pace of bond sales as companies seek to lock in borrowing costs before interest rates rise further. The sales have been met with ample investor appetite ahead of the fourth-quarter earnings season, when the majority of US banks are expected to report improved profitability. Banks have sold $42bn of the […]
By Rodrigo Campos | NEW YORK NEW YORK Investors puzzled over whether U.S. interest rates are rising due to a stronger economy or because of fears about inflation might want to look at the recent gains in REITs for some useful guidance. Real estate investment trusts typically perform poorly in an environment of rising interest rates, as they are used by some investors as a proxy for […]
UK taxpayers are facing a £24bn bill for decommissioning oil and gasfields in the North Sea — threatening to wipe out remaining tax revenues from an industry that has been among the Treasury’s most reliable cash cows for the past four decades. The new estimates show how the North Sea oil industry risks becoming a net drain on UK resources as it enters its sunset years and […]
Malaysian officials are tapping Qatar for inward investment, particularly to develop the Southeast Asian country’s $15 billion tourism industry, according to a media report. Ahmad Jazri Mohamed Johar, the Malaysian ambassador to Qatar, told Gulf Times that there is high demand to visit Malaysia among Qataris. Malaysia is considered a family-friendly holiday destination, and an established honeymoon haunt, Johar reportedly told the newspaper. “On this basis, we […]
A year ago Mohammed bin Salman, Saudi Arabia’s deputy crown prince and the power behind the throne, electrified the global energy industry by revealing plans to float the world’s largest oil producer. The ambitious proposal for an initial public offering in state-owned Saudi Aramco is the centrepiece of the hard-charging 31-year-old’s vision to overhaul an economy seen as too heavily dependent on natural resources. One year on […]
Banks and petrochemicals stocks could be relative strong performers in the GCC in 2017 thanks to benchmark interest rate rises and a recovery in the global crude oil price, although slowing economic growth may weigh on regional markets. Both sectors have suffered in the last couple of years due to the dramatic oil price decline. The knock-on effect of lower investment and economic growth hit banks, with […]
