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|By Arabian Post Staff|Emirates Airline has signed a Memorandum of Understanding (MoU) to acquire up to 36 additional A380 aircraft. The agreement was signed this morning at the airline’s headquarters in Dubai by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft. The commitment is for 20 A380s and an option for […]

Columns, Investing

|By Matein Khalid| When I first started on a Treasury bond futures trading desk in New York fresh out of Wharton, a senior mentor once advised to keep track of the four heartbeats of gold finance in real time. The price of money (interest rates), the price of currency (the US dollar), the price of oil and the price of gold. The price of money can be expressed by […]

Columns

|By Matein Khalid|I am often asked by investors to articulate my “philosophy” of real estate investing. Tough question. My ideal deal is one where it is possible to buy brick and mortar assets at 60 – 70% of replacement cost. This usually occurs in the aftermath of a banking crisis or economic shock. This was the case in Florida homes in 2009 or Spanish office space in […]

Columns, Investing

|By Matein Khalid| US and global equities surged on news of the US House of Representatives pass the tax reform bill, Cisco and Walmart posted blowout earnings and a potential bidding war emerged for Fox’s media assets. The rally on Thursday followed a week of carnage in the US high yield debt markets, flattening of the US Treasury yield curve and losses in the major stock market indices worldwide. The 227 […]

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Columns

|By Matein Khalid|Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New York Stock Exchange floor to cheers and the Dow Jones Index rise 150 points when news broke that Trump had fired his alt-right, white nationalist chief strategist Steven […]

Business
By Jamie McGeever | LONDON LONDON The turmoil in Washington surrounding Donald Trump's presidency is rattling world markets, and the burst of volatility could force investors into a strategic or tactical rethink of how much risk they are happy to face.Increasingly damaging revelations about the Trump administration's and election team's dealings with Russia triggered the biggest fall on Wall Street on Wednesday since last September and a [...]
FT Select
Donald Trump is facing the gravest crisis of his presidency following the claim that he urged James Comey, the recently ousted FBI head, to halt an investigation into Michael Flynn, the retired general who was briefly his first national security adviser.According to a memo made by Mr Comey after a private meeting in February, Mr Trump asked him to stop investigating Mr Flynn, who had been fired [...]
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FT Select
Donald Trump in February asked James Comey, then head of the FBI, to halt an investigation into Michael Flynn, the former national security adviser, according to a memo that the law enforcement official wrote at the time. During a private Oval Office meeting with Mr Comey, Mr Trump said: “I hope you can let this go,” in a reference to the FBI investigation into Mr Flynn, according to the [...]
Middle East
Iraqi forces have recaptured nearly 90 percent of west Mosul from the ISIL and jihadists in the city are on the "brink of total defeat," military spokesmen said Tuesday. Iraqi forces launched the massive operation to retake Mosul from ISIL nearly seven months ago, fighting their way to the jihadist-held city, retaking its eastern side and then attacking the west. Brigadier General Yahya Rasool, spokesman for Iraq's [...]
Newsbox
In the meeting with the Russian ambassador and foreign minister, Mr. Trump disclosed intelligence about an Islamic State terrorist plot. At least some of the details that the United States has about the plot came from the Israelis, the officials said. Continue reading the main story The officials, who were not authorized to discuss the matter and spoke on the condition of anonymity, said that Israel previously [...]
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Newsbox
The timing, intensity and public announcement of the accusations suggested that the Trump administration was signaling a tougher political line on Syria, as well as seeking to embarrass Russia and Iran, all in an effort to put pressure on Damascus at the Geneva talks. Continue reading the main story Five previous rounds of negotiations in Geneva have yielded little progress. The war is now in its seventh [...]
World
By Jack Kim and Ju-min Park | SEOUL SEOUL North Korea's successful missile test-launch signals major advances in developing an intercontinental ballistic missile, such as mastery of re-entry technology and better engine performance key to targeting the United States, experts say.The isolated country has been developing a long-range missile capable of striking the mainland United States mounted with a nuclear warhead. That would require a flight of [...]
Companies
15 May 2017The legal departments at Pepsi-Cola International, Total Marketing Middle East and Qatar Financial Centre Authority were among the big winners at the Middle East Legal Awards, which took place at The Ritz-Carlton, Dubai, on Thursday (11 May). The trio were named Legal Department of the Year in the large team, small team and government, department, agency or public body categories respectively. The award for General [...]
World
GEORGE TOWN: A police report has been lodged by an investigating officer (IO) after a probe showed that JJPTR’s scheme involved investments amounting to RM1.7bil. Penang police chief Comm Datuk Chuah Ghee Lye said two police reports had been lodged in Penang so far – one from the public and the other from the IO. “The IO’s report was to enable him to conduct an investigation into [...]
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India Takes
Good morning. Here's our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It's unclear where to start with President Trump's interview with NBC's Lester Holt that left the White House second-string spokesperson on a precipice better associated with the Flying Wallendas. "Trump’s account flatly contradicts the White House’s initial account of how [...]
World
By David Morgan and Patricia Zengerle | WASHINGTON WASHINGTON U.S. President Donald Trump defended his firing of FBI Director James Comey on Wednesday as Democrats intensified accusations that the ouster was intended to undermine an agency probe into his presidential campaign's possible collusion with Russia to sway the 2016 election.The Republican president's abrupt move on Tuesday stunned Washington and was swiftly condemned by Democrats and by some [...]
World
The news has been abuzz lately with a forex (foreign exchange market) investment company based in Penang. The company has around 400,000 investors/members, and they have all not received their promised dividends recently. Worse still, they were all denied access when they tried to log into their accounts on the website. Even when they tried going to the offices, they could not get answers because the offices were CLOSED!!! [...]
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Markets
Invesco’s move to snap up Source, the London-based exchange traded fund provider, has thrust the US asset manager into the centre of an increasingly ferocious battle across Europe’s passive investment industry. European fund managers now face another formidable US competitor in addition to the existing heavyweights BlackRock and Vanguard, which are pursuing a cut-throat ETF price war as they expand their presence in Europe. Atlanta-based Invesco already [...]
World
KUNDUZ, Afghanistan Taliban militants captured a district just outside the northern Afghan city of Kunduz on Saturday, officials said, pointing to renewed pickup in fighting after the insurgents announced their annual spring offensive last week.Mahfouz Akbari, a police spokesman for eastern Afghanistan, said security forces had pulled out of Qala-i-Zal district, west of Kunduz city, on Saturday to avoid further civilian and military casualties after more than [...]
Markets
11:00 am Suppose we could be brave, Bryce, and go with a pic of Jeffery Lacker as our portrait for today 11:01 am Well, he stepped down from the Richmond Fed after fessing up to helping a colleague at a sister publication -- Medley -- on a story 11:02 am 11:03 am I could give you a rival's analysis of the story 11:03 am It’s not the [...]
Newsbox
Still, the Iraqi forces face hundreds of militants who appear determined to fight to the end in neighborhoods still teeming with hungry and increasingly desperate civilians. Continue reading the main story The new operation will also require careful synchronization among the Iraqi Army, Interior Ministry troops and the Counterterrorism Service, which report to different authorities in Baghdad and sometimes seem to be fighting separate wars.Tensions among Iraq’s [...]
World
By Yeganeh Torbati | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson on Wednesday outlined for his staff how an "America First" agenda translates into foreign policy, but did not address the Trump administration's proposed budget cuts, which worry many diplomats.It was the first time Tillerson had addressed all employees since his first day on the job on Feb. 2, when he spoke to hundreds of State [...]
TAP Research
Prototype of the hand that sees. Credit: Newcastle University A new generation of prosthetic limbs which will allow the wearer to reach for objects automatically, without thinking—just like a real hand—are to be trialled for the first time. Led by biomedical engineers at Newcastle University, UK, and funded by the Engineering and Physical Sciences Research Council (EPSRC), the bionic hand is fitted with a camera which instantaneously [...]
World
By Susan Heavey | WASHINGTON WASHINGTON U.S. President Donald Trump came to office promising that he would produce so much winning that Americans would be sick of it. As he struggles to produce wins, some signs of frustration are starting to appear.Democrats' gleeful declarations that they outsmarted Republicans in a battle over a spending bill that avoided a government shutdown drew the ire of the president. Democrats [...]
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