Jeroen Dijsselbloem, the Dutch finance minister who served as the eurozone’s chief dealmaker during some of the bloc’s biggest crises, may become a high-profile casualty of his national elections, with his Labour party unlikely to remain in government after losing three-quarters of its seats. The drubbing means Mr Dijsselbloem, who has served as eurogroup president for more than four years, may have to relinquish the post before […]
Photo Egyptian workers excavate a statue in Cairo last week. The colossus, originally believed to represent Ramses II, is now thought to be a statue of Psamtik I. Credit Khaled Desouki/Agence France-Presse — Getty Images CAIRO — The pharaonic statue that was discovered in a Cairo slum last week, believed to depict to Ramses II, one of ancient Egypt’s best known rulers, most likely is of a […]
The White House has assured the UK government it will not repeat allegations that President Donald Trump was placed under surveillance by GCHQ, Britain’s electronic eavesdropping agency, after London protested over the “nonsense” claims. The allegations, made on Thursday by White House press secretary Sean Spicer, triggered an angry response from Downing Street, an extraordinary high-level spat between two allies with possibly the closest intelligence-sharing relationship in […]
Photo Some of the Somali migrants who died, in the Red Sea port of Al Hudaydah, Yemen, on Friday. Credit Abduljabbar Zeyad/Reuters SANA, Yemen — More than 30 Somali migrants in a vessel off Yemen were killed on Friday in what Yemeni security officials said was an airstrike by a Saudi-led military coalition. Joel Millman, a spokesman for the International Organization for Migration in Geneva, said that […]
For Indian IT, the world has changed seemingly overnight. The biggest existential threat seems to be US President Donald Trump’s proposed immigration reform that could put substantial barriers to Indian IT being able to corner the market on skilled H-1B visas, thereby threatening the lucrative $75 billion or so that it collects in revenue from the US alone. Equally serious is the fact that the traditional outsourcing […]
Gullible as they are, eating around 800 million tons of insects in a year, the spiders are nature’s gift — natural pest control at no cost. This goes without saying that not all insects are pests, which is particularly true with spiders that spied on other insects for meals. “Our estimates for spiders appear to be of the same order of magnitude as the prey killed by […]
Bob Diamond, the former Barclays chief executive, has teamed up with the investment vehicle of the Qatari royal family to launch a bid for Panmure Gordon, the lossmaking stock broker and investment bank. Panmure, whose name dates back more than 140 years, is suffering like many mid-cap brokers from a number of structural challenges, including increased regulation, fewer deals and lower corporate retainers. The deal may be […]
Saudi Arabia’s push to boost political and trade ties with the Maldives faces growing resistance as activists in the archipelago oppose plans for an ambitious development project funded by the kingdom. King Salman bin Abdulaziz, who is on a month-long tour of Asia as Saudi Arabia seeks to deepen alliances with predominantly Muslim states in the region, is due to visit the Indian Ocean nation at the […]
WASHINGTON — The United States military said that it had carried out an airstrike against a meeting of Qaeda militants on Thursday in Syria and that a number of the extremists had been killed. The American military statement came as Syria activists reported that a mosque had been bombed and that scores of innocent civilians had been killed and wounded. A spokesman for the United States Central […]
Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa JOHANNESBURG, South Africa, March 16, 2017 The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo (www.Infomineo.com ), a global business research company specialising in […]
JEDDAH: A new report by the UN Economic and Social Commission for Western Asia (ESCWA) sets two landmark precedents on the question of Palestine, a Palestinian rights activist told Arab News.The report, entitled “Israeli Practices Toward the Palestinian People and the Question of Apartheid,” has drawn swift criticism from the UN and Israeli officials.“It’s the first time any UN agency has proven beyond doubt that Israel is […]
Leisure Supercars were all the rage at this year’s Salon International de l’Automobile in Geneva, now in its 87th year… Ten best new cars from the Geneva Auto Show: Ferrari 812 SuperfastLamborghini Huracán PerfomantePorsche Panamera Sport TurismoMcLaren 720SRange Rover VelarPagani Huayra RoadsterMercedes-AMG GT ConceptRuf CTR 2017Bentley EXP 12 Speed 6e ConceptMercedes-Benz X-Class (Source: CEO Middle East YouTube channel) Source link
William “Billy” Walters’ stomach for taking risky bets and reading “tells” of opponents made him one of the most successful sports gamblers of all time. It is the same strategy he used to invest in the stock market, his lawyer told a jury as opening statements began in his $40m insider trading trial. Prosecutors have accused Mr Walters of making over $30m in profits and avoiding $10m […]
One of the authors of the report was Richard Falk, an American law professor and former United Nations human rights investigator whom critics regard as an anti-Israel extremist. He has been refused entry to Israel for what Israeli leaders have described as his hostile point of view. Continue reading the main story The report comes amid a hardening polarization on both sides of the Israeli-Palestinian conflict, with […]
How much does the Gulf’s traditional folk music have in common with one of America’s greatest art-forms – jazz? Far more than any musicologist might realise, argues Tarek Yamani, the trailblazing UAE-based pianist, who exposes and explores the shared rhythmic strands linking these two distinct disciplines in an ambitious new, multi-faceted project. Commissioned by the Abu Dhabi Festival, Yamani’s conceptual new album Peninsular will have its live […]
The White House will propose large spending cuts on Thursday for the state department, public broadcasting and environmental programmes as part of its preliminary budget for the 2018 fiscal year. Administration aides call it an “America First” budget — with greater spending on defence, law enforcement and veteran affairs, as well as new education programmes that emphasise school choice. The last are a pet project of Betsy […]
The preparations for Fireworks Wednesday started Tuesday afternoon when the gardeners carefully laid out seven small piles of sand near the square. Seven is regarded as a holy number in Iran’s pre-Islamic Zoroastrian faith. They then brought over several wheelbarrow loads of firewood. I noticed several of my neighbors peeking down from their balconies. Fireworks Wednesday is traditionally celebrated on the last Tuesday before the end of […]
JERUSALEM: Israeli ex-defense minister Moshe Yaalon accused Turkish President Recep Tayyip Erdogan on Wednesday of seeking a “neo-Ottoman empire” while warning of growing instability in the Middle East.Yaalon, seeking to build a campaign to become Israel’s next prime minister, spoke of his concerns while addressing regional issues in a meeting with foreign journalists.The ex-minister, forced out of office last year as Prime Minister Benjamin Netanyahu sought to […]
Abu Dhabi Festival kicked off its major concert program with a performance by Mohamed Abdo. newslide Popularly known as “Fanan Al Arab” or “Artist of the Arabs” (a title he was given in the 1980s during a concert in Tunis by then president Al Habib Bou Rakiba), the Saudi Arabian singer, composer and oud player’s sold out show at Emirates Palace served to only cement his status […]
A grand jury in California has charged four people — including two Russian intelligence officers — in a pair of computer hacks against Yahoo that victimised hundreds of millions of consumers, the US Justice Department said on Wednesday. The men penetrated Yahoo’s email accounts, often using “spear phishing” emails, and used information they obtained to access other accounts at Yahoo and Google. Among those targeted were Russian […]
With the oil market showing signs of losing faith in a price rebound, Opec is now asking itself: what more can it do? Production cuts agreed late last year between some of the world’s biggest producers inside and outside the cartel, are losing their sway given the near 10 per cent drop in the Brent benchmark over the past week. Brimming global storage tanks and a resurgent […]
Eon, the German utility, recorded a net loss of €16bn for 2016 — the largest in his history — and unveiled ambitious measures to reduce debt by €7bn through asset sales and cutting 1,300 jobs. The loss reflected impairments on Uniper, the new fossil fuel power company spun out of Eon last year, as well as payments Eon is having to make into a new state fund to cover the […]
Agricultural traders and investors are watching the debut of a new derivative product that will allow them to bet on the benchmark price of Black Sea wheat. Wheat is the largest traded grain on the international markets and Russia became the leading exporter last year. Russia, Kazakhstan and Ukraine — collectively known as the Black Sea region among grain traders — accounted for just under a third […]
|By Arabian Post Staff| Kuwait announced it has successfully issued its inaugural dual-tranche $8 billion bond offering into the international debt markets. Notes due in 2022 (the five-year bonds) and for the value of $ 3.5 billion and notes due in 2027 (the 10-year bonds) for the value of $ 4.5 billion. The five-year bond was successfully priced on March 13 2017 at a yield of 2.887%, the 10-year bond […]
