Giant blades of grass made from galvanised iron, a room full of rotting bananas and a spring-mounted fibreglass donkey bearing a model of a Sufi dervish are just a few of the more peculiar artworks that will go on show when the eighth edition of Abu Dhabi Art opens tomorrow. The art fair will feature booths from 35 galleries, which means the event is significantly smaller than […]
After months of sending government troops to battle militants blowing up oil pipelines in the Niger Delta, Muhammadu Buhari tried a different tack. The Nigerian president invited the region’s community leaders and traditional rulers to his villa this month for talks — a step energy sector executives hoped could halt a wave of sabotage since January that has cost the country billions of dollars in damages and […]
It was naïve to believe that enough white people would hear everything Donald Trump has said in the last 18 months — let alone five years — and stand in opposition to it. Instead, they stood with it, at a rate of 58 percent. Not necessarily because they’re racists, misogynists, xenophobes or anti-Islam, exactly, but because Trump made it in their interests to do so. They did […]
By David Morgan | WASHINGTON WASHINGTON With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the government running […]
November 13, 2016 by: Theodor Troev in Sofia and Kerin Hope in Athens Rumen Radev, Bulgaria’s former air force commander, was set to win a run-off vote in Sunday’s presidential election second round, triggering the resignation of Boyko Borisov, the centre-right prime minister, immediately after the polls closed. First results gave Mr Radev, an independent backed by the opposition Socialist party, a projected 59 per cent of […]
Photo Albrecht Dürer’s “The Rhinoceros,” 1515. Credit From the National Gallery of Art It is a Sunday afternoon in a provincial town in France. Two men meet at a cafe. One of them, Berenger, is half-drunk. He is being berated by his companion, Jean. All of the sudden, they hear a great noise. When they and other townspeople crane their necks to figure out what’s going on, […]
November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]
BEIJING Volkswagen’s (VOWG_p.DE) Audi premium brand is in talks with China’s largest automaker, SAIC Motor, on a potential long-term collaboration, Audi said in a statement on Monday. Reuters reported on Saturday, citing a source familiar with the matter, that the two had signed an agreement that could pave the way for Volkswagen’s joint venture with SAIC to make Audi brand cars. Audi cars are now only made […]
Photo Members from the Free Syrian Army take part in a battle in northern Syria last month against Islamic State fighters. Credit Nazeer Al-Khatib/Agence France-Presse — Getty Images BEIRUT, Lebanon — The hours are ticking down to what the Syrian government and its main ally, Russia, say could be the most devastating aerial assault yet on besieged rebel-held districts in the Syrian city of Aleppo. The Obama […]
Titanfall 2 Electronic Arts PlayStation 4, Xbox One, PC Four stars Robots just want to be our friends. Sure, there have been a few bad apples, such as the Terminators, Cylons and Ultron – but what about all the nice ones, such as Data from Star Trek and Rosie from The Jetsons? BT-7274, the co-star of Titanfall 2, just wants to be loved. Granted, this giant bucket […]
|By Arabian Post Staff|The online shopping experience in the Middle East will forever be changed with the launch of Noon in January. The region’s largest-ever ecommerce company, Noon will be a driver of innovation which will offer a vast product selection and fast delivery across all categories. With an initial investment of US$1 billion, Noon will launch in the UAE and KSA markets and will soon cover […]
SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]
Financial professionals arriving at their desks on Monday morning will have no shortage of views to digest on what the shock election of Donald Trump means for global markets. Having had a few days to consider the implications, economists, market strategists and analysts have penned thousands of words for clients in recent days that attempt to set out what the future holds. As Jan Loeys and his […]
Indian government’s surprise move to ban high-denomination banknotes on Nov. 8 has seen lenders lure 2 trillion rupees ($29.8 billion), as customers across the nation queue for hours to deposit the old bills. The decision has also put tremendous pressure on the banking system to replenish the funds, as the banned bills accounted for 86 percent of money in circulation. More than 70 million transactions were recorded […]
Facebook has been navigating the dark web in search of stolen passwords, buying credentials off the black market in a bid to protect users. By purchasing stolen passwords off the black market, Facebook aims to increase its own security, as well as protect users who rely on one password for two or more accounts. While most people know that it’s highly recommended to use different passwords for […]
Sony’s answer to 4K HDR gaming is finally here in the form of the new PlayStation 4 Pro. Regarded as the best option for casual gamers who aren’t ready to commit to a full-fledged PC rig, the PS4 Pro boasts of high-end specs rarely seen on a console. This bad boy features a more powerful 2.1GHz octa-core AMD Jaguar x86-64 CPU compared to the PS4 and an […]
MILAN The board of Banca Monte dei Paschi di Siena (BMPS.MI) will meet on Monday to set the terms for a bond-to-equity conversion that is part of the lender’s capital boosting plans, a source familiar with the matter said on Sunday. Italy’s third-biggest bank is planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion […]
By Patrick Rucker and Lisa Lambert | WASHINGTON WASHINGTON U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing […]
Nearly 25 years after they first conquered the White House and captured the commanding heights of the Democratic party, the Clinton family crashed to earth on Wednesday, shattering the ambitions of Hillary Clinton and her clan of fiercely loyal operatives. But as they come to terms with their rout some Democrats see a glimmer of hope, and a badly needed chance to rebuild a party that can […]
By William Schomberg | LONDON LONDON Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade […]
Here are the key questions we are asking at FT Markets ahead of the first full week’s trading after the US election — with the overarching theme being the repositioning across portfolios for president-elect Donald Trump’s transition into power. Emerging markets — remission, or further pain? The prospect of a faster-growing US economy is usually good news for emerging markets. When it comes with the risk of […]
|By Arabian Post Staff| China Construction Bank today marked the listing of a $600 million bond on Nasdaq Dubai under the bank’s six billion US dollar Medium Term Note Programme. Yuan Shengrui, Senior Executive Officer of the DIFC branch of China Construction Bank (CCB), rang the market-opening bell to celebrate the listing. CCB is one of China’s most prominent banks with a market capitalisation of 173.3 billion […]
Photo An Egyptian street vendor in Cairo on Friday. The country is struggling with soaring inflation and shortages of staple foods. Credit Amr Nabil/Associated Press CAIRO — The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages […]
GAZA: Days after the 12th anniversary of the death of Yasser Arafat, Palestinian leaders descended into new recriminations over who may have been involved in the demise of the former president.Coming two weeks before a meeting that is expected to overhaul the leadership of Fatah, the party of Arafat and President Mahmoud Abbas, the accusations underscore a growing animosity that threatens the movement’s stability.Speaking at a memorial […]
