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5791 25 by Shannon K. O’Neil October 21, 2016 Brazil’s President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping and South African President Jacob Zuma pose for a group picture during BRICS (Brazil, Russia, India, China and South Africa) Summit in Benaulim, in the western state of Goa, India, October 16, 2016 (Reuters/Danish Siddiqui). BRICS Fund InfrastructureAs commodity prices have […]

By Noah Barkin | BERLIN BERLIN Fear of globalisation is the most important factor in pushing European citizens towards populist right-wing parties and those fears are most acute in Austria and France, a survey by Germany’s Bertelsmann Foundation showed on Wednesday. The study showed that 55 percent of Austrians and 54 percent of French view globalisation as a threat, the only countries surveyed in which a majority […]

Schon Properties has announced the development of iSuites, a $870 million home-grown hospitality portfolio that will see the development of 2,700 hotel apartments at a single site within Dubai Investment Park, close to the World Expo 2020 site.  The complex includes 21 mid-rise buildings and will be delivered by 2020, the Dubai-based developer said in a statement. The branded hotel apartments will be managed by international hotel […]

Identity and access management is on the cusp of changes that will help define its overall role in enterprise security, adapt it to meet new access requirements, and combine it with security tools to form protection that extends to devices, cloud services and customer identification. This evolution was outlined Tuesday during the opening keynote at the Gartner Identity and Access Management Summit in Las Vegas. “The undercurrent […]

Dubai – UAE (Nov. 29, 2016) HE Minister of Transport and Communications Jassim Saif Ahmed Al Sulaiti, Chairman of Qatar Ports Management Company (Mwani Qatar) and Sheikh Ali bin Jassim bin Mohammad Al-Thani, Chairman of Qatar Navigation (Milaha), today witnessed the signing of an agreement between Mwani Qatar and Milaha to establish a new company, QTerminals, to manage Hamad Port. As per the agreement, the new company […]

Next year could likely be a very big one for Apple and its iPhone lineup. It marks the 10th year of the company that started the touch screen era for smartphones, so Apple could have exciting surprises up its sleeve. Rumor has it that the Apple iPhone 8, which should hit the scene in 2017, would sport a curved physical design with better display resolution. Apple has reportedly […]

5825 25 by Shannon K. O’Neil November 4, 2016 DATE IMPORTED:November 02, 2016Protestors call for the removal of President Jacob Zuma outside court in Pretoria, South Africa, November 2, 2016 (Reuters/Mike Hutchings). Report May Bring Down South Africa’s President New allegations may finally bring down teflon president Jacob Zuma. Despite his earlier legal protests, South Africa’s public protector’s office released a report suggesting that a wealthy family close […]

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Al Wadei: The rules of the E-Commerce game have changed after the introduction of “noon.com” 29 November 2016 E commerce expert, Dr Sadeq Al-Wadei, revealed that after the inauguration of noon.com in January 2017, it would utterly change E-Commerce platforms as we know them whilst emphasizing on the fact that it would entirely change this trade in Saudi Arabia over the coming few years. In addition, it […]

Apple’s iPhone is apparently the most coveted holiday item this year, according to a survey conducted by investment firm Piper Jaffray. While Apple stirred a bit of a controversy with its latest devices, particularly the iPhone 7 with no headphone jack and the MacBook Pro with redesigned (read: missing) ports, it still tops the holiday wish lists this year. Apple devices have always been in high demand, but it […]

Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]

FRANKFURT Europe’s space agency expects its member states to back major programmes such as the International Space Station and the ExoMars mission to the Red Planet this week, even if it does not receive the full 11 billion euros ($11.6 billion) of funding it is requesting, its director general said. “If we get only 90 percent of the funding then this is not a catastrophe,” Jan Woerner […]

Migrant workers categorize crayons at a toy factory in Dongguan, Guangdong province March 9, 2010. South China’s export stronghold Guangdong is experiencing labour shortages that could result in higher wages, but they are not as severe as reported by the media, provincial Communist Party boss Wang Yang said (Reuters/Joe Tan). Global trade and the supply chains that support it are undergoing a period of profound change. Supply […]

Government Communications Headquarters, the UK signals intelligence agency, in Cheltenham, United Kingdom. (UK Ministry of Defence). Alex Grigsby is the assistant director for the Digital and Cyberspace Policy program at the Council on Foreign Relations.  Two weeks ago, with much fanfare, the United Kingdom released a new strategy that sets out UK government’s approach to improving the country’s cybersecurity over the next five years. It follows the UK’s previous […]

An employee of a foreign exchange trading company works near monitors showing U.S. President-elect Donald Trump speaking on TV news (top) in Tokyo, Japan, November 9, 2016. (Toru Hanai/Reuters). With Donald Trump’s victory, the prospects for digital trade have dimmed. This development owes much to the hostility towards trade that Trump brings to the presidency. But it also involves shifts more fundamental than Trump’s rejection of trade […]

Vocus Communications has said it will be investing more in data analytics and digitising its customer service processes over the next year in order to continue competing in the telecommunications landscape. “This year, we have decided to invest in our data analytics capability, taking advantage of the forced shift from copper to fibre occurring over the next few years in both Australia and New Zealand,” Vocus chair […]

Sunday, June 8 – The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. To view the full IFG Briefing click here: bit.ly/1qb3njw Top Stories: Islamic Economy: Islamic credit cards and startup financing focus for EFICA 2014 (Page 3) Country: Advertisement ? Call for more private sector involvement in Turkey’s Islamic finance sector […]

With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that “there will be very important announcements tomorrow.”   Vice President-elect @mike_pence: There will be very important announcements tomorrow. #NewsAlert pic.twitter.com/VOAXMsBhMa — Fox News (@FoxNews) November 29, 2016   So who will it be? POSTS ALREADY FILLED WHITE HOUSE CHIEF OF STAFF * Republican […]

16.6MW of new solar power generation capacity doubles UAE’s total contribution to Mauritania’s clean energy output Abu Dhabi, UAE, 29 November 2016  Eight new rural solar energy projects have been completed, and are now operational, across the Islamic Republic of Mauritania, in western North Africa, doubling the UAE’s total contribution to the country’s clean energy capacity to 31.6 megawatts (MW). Delivered by Masdar, the Abu Dhabi Future […]

The US Securities and Exchange Commission is examining the timing of $3bn of impairment charges that Rio Tinto booked on a disastrous Mozambique coal deal, sources close to the company have confirmed. The Anglo-Australian miner was already facing scrutiny from US regulators when it contacted law enforcement authorities this month about a questionable payment made to a consultant operating in Guinea. The Mozambique investigation, first reported by […]

The Chicago Stock Exchange, which is seeking to win approval for a controversial takeover deal by Chinese investors, on Monday said that two companies controlled by the Lu family would own a combined 39 per cent of the exchange, but their voting power would be limited to 20 per cent. In a filing with the Securities and Exchange Commission, the Chicago exchange detailed the underlying investors in […]

DUBAI, June 9 (Reuters) – The malls unit of Dubai’s Emaar Properties is likely to issue 10-year sukuk this week, three sources with knowledge of the deal said, as the current environment makes it relatively easy to lock in longer-tenure funds at lower rates. The debut sukuk may print after the firm concludes its investor meetings on Tuesday for a benchmark-sized offering. Emaar Malls will issue sukuk […]

Switzerland has a world-beating position in cross-border investing: its finance industry last year managed SFr6.6tn of assets on behalf of institutions, companies and the rich. So Swiss bankers have a keen interest in the technological revolution sweeping global finance, which has profound implications for the way markets operate. That includes some of the more fantastic ideas about handing the management of clients’ assets entirely to computers — […]

Aramex founder and Wamda Capital chairman Fadi Ghandour has called on investors in the region to invest in startups in their early stages. Speaking at the 2016 Arabian Business Digital Forum, Ghandour said funding startups is a crucial part to building a healthy business ecosystem. “Not everyone like my friend Mohamed Alabbar can launch businesses with $1b. But thousands of startups, if we don’t fund them, we […]

Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]

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