|By Matein Khalid| Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus J.P. Morgan did not mince his words. He called Bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the seventeenth century and declared he would fire any trader at his bank trading in the cryptocurrency “in a second” for “stupidity”. This has only reinforced the […]
|By F R Chowdhury| Myanmar (previously known as Burma) is a vast country of 676,550 sq. km. or 261,217 sq. miles on the north-east coast of Bay of Bengal. Basically it is between Bangladesh and Thailand though it has also long common border with India and China. Its population is only about 49 million. Majority are Buddhists. Next large population is ethnic Bengali Muslims and a small percentage […]
|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 […]
|By Arabian Post Staff| The UAE Federal Tax Authority (FTA) announced that it will open online registration for tax purposes for businesses in mid-September 2017. The announcement was made at a media briefing by the FTA to familiarise with various aspects of the FTA’s work. The briefing also covered the implications of the tax procedures for boosting the momentum of the UAE’s sustainable economic development. Khalid Ali […]
|By Arabian Post Staff| Teneo Holdings, the global CEO advisory firm, today announced that it has acquired Credo Business Consulting LLP, a leading management consulting firm with operations in London and Dubai. Credo is a highly-respected management consulting firm focused on corporate strategy, transaction services, commercial and operating model transformation and performance improvement. With an outstanding reputation for depth of analysis and insight, Credo has helped many of the world’s leading organizations […]
|By Arabian Post Staff| The GSMA announced the appointment of Laxmi Akkaraju as Chief Strategy Officer. Ms. Akkaraju, who was most recently Senior Vice President, Global Delivery at EVRY, will join the GSMA effective 1 September and will report to GSMA Director General Mats Granryd. As Chief Strategy Officer, Ms. Akkaraju will work with the GSMA’s operator members in identifying opportunities that will advance the development of the […]
Many veteran journalists, but not only these, surely noticed that we are all of a sudden bombarded again from all-over with mentions of Watergate. Books like George Orwell’s 1984 are on display at bookstores and an air of danger to freedom of speech and freedom of the press is spreading slowly like a dark cloud over the Western Hemisphere, raising old fears. When an American serving president […]
|By Saifur Rahman | Executive Editor|Emirates, the world’s largest carrier of international passengers, has raised US$47.43 billion (Dh174 billion) to finance its fleet over the last 10 years, its recently-released annual report for 2016-17 shows. “Having raised Dh174 billion (US$47.3 billion) over the last 10 years, Emirates continues to maintain a well-diversified and evenly spread financing portfolio. Tapping into various sources of funding, both in terms of […]
PARIS France said on Thursday it was reviewing its position on the Libyan conflict and for the first time openly called for a united national army that included eastern militia commander Khalifa Haftar to battle Islamist militants. In the previous government, the Foreign Ministry openly supported the U.N.-backed Libyan government of Prime Minister Fayez Seraj, while the Defence Ministry worked closely with Haftar, who has waged a […]
By Pete Schroeder | WASHINGTON WASHINGTON U.S. Treasury Secretary Steven Mnuchin told lawmakers Thursday that the Trump administration does not actually support separating investment and commercial banks. The administration has previously expressed support for some return of the Glass-Steagall Act, which established a firewall between investment and commercial banking. But Mnuchin was explicit before the Senate Banking Committee that that vision did not include breaking up large […]
AMD has announced that it will be releasing several new Ryzen processors later this year. This year’s entries will include a series of laptop-focused chips, a high-end desktop chip called Threadripper, and a budget CPU that will be simply called Ryzen 3. Threadripper As of late, AMD has found some success by positioning itself as a more affordable alternative to the likes of Intel and Nvidia, but the Threadripper is […]
DUBAI // In an age when so many of the tales told about the Arab world are tinged with despair, there was at least one night set aside to celebrate some good. That’s what the audience wanted, and they came by the thousands to see it first hand. There to hear the inspirational stories were Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh […]
Lubna Qassim is no career diplomat, but in her varied legal and political career, she has had the privilege of walking the corridors of power in London and Dubai. These days, as well as being executive vice president and group general counsel for Emirates NBD, Qassim is a member of several corporate boards. Qassim, the eldest of four daughters, credits her business acumen to the fact that […]
The Trump administration is considering extending a ban on laptops in aircraft cabins to all flights to the US from anywhere in the world, in a move that would create major disruption for passengers and airlines. US homeland security officials who met European commissioners in Brussels this week said that if Washington does extend its ban on large electronic devices, Europe would not be singled out and […]
DUBAI, United Arab Emirates: Donald Trump Jr. traveled to Dubai and met a billionaire business partner in the city-state, discussing “new ideas” as the Emirati’s real estate firm still lists possible plans for future joint projects while Trump’s father is in the White House.The Trump Organization has said it won’t make new foreign deals while Donald Trump serves as America’s 45th president. That didn’t affect the Trump […]
According to the new order, tobacco cannot be sold within 100 meters, or about 330 feet, of schools, playgrounds or anywhere children might gather. Municipalities must also designate smoking areas that are far from these places, and away from elevators, stairwells, gas stations, health centers and wherever food is prepared. “No smoking” signs are to be posted in all public places. Continue reading the main story The […]
KUWAIT Two people were injured on Thursday when Kuwaiti coastguards confronted and foiled an attempt by an Iraqi vessel to enter Kuwaiti territorial waters, the state news agency KUNA reported. KUNA said that four armed men aboard the Iraqi craft had threatened the patrol boat with weapons as it tried to stop them entering. “The coastguards dealt with the situation appropriately and managed to seize the boat […]
When The Washington Post broke the story this week that President Trump shared highly classified intelligence from a U.S. ally with Russia, not everything the reporters knew made it into print. Halfway through the story, this paragraph referring to the ISIS plot revealed by Trump appeared: “The Post is withholding most plot details, including the name of the city, at the urging of officials who warned that […]
KINSHASA Congolese authorities said on Thursday they had recaptured 179 fugitives who broke out of the capital’s main prison, in a mass escape that underscored growing security concerns since President Joseph Kabila refused to step down from power. Police in Kinshasa urged residents in a statement to turn in other fugitives and collaborate with authorities “to avoid the resurgence of criminality in the coming days”. Democratic Republic […]
SAN CRISTOBAL, Venezuela Mobs looted shops and fought security forces overnight in Venezuela’s restive western region, where three soldiers were being charged on Thursday with the shooting death of a man who was buying diapers for his baby, witnesses said. Six weeks of anti-government unrest have resulted in at least 44 deaths, as well as hundreds of injuries and arrests in the worst turmoil of President Nicolas […]
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 […]
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Chairman of the Shabab Al Ahli Dubai Club committee, on Wednesday meet with Mattar Al Tayer, Vice Chairman of Dubai Sports Council, along with members of the club merger committee. Wam Mohammed Al Bowardi, Minister of State for Defence Affairs, in China on Wednesday discussed with General […]
Brazil’s markets crashed on their opening on Thursday, with the benchmark Ibovespa stock index down 10.47 per cent after one of the country’s leading newspapers alleged President Michel Temer had been taped endorsing bribe payments. The real weakened 7.69 per cent against the dollar after the reports, which threaten to topple a government that had won market support with a set of crucial reforms to overhaul Brazil`s sinking public […]
The grandiose reception seeks to convince Mr. Trump that his priorities are theirs, too, and that they are indispensable partners in fighting terrorism, in confronting Iran, in bolstering American businesses and perhaps even in pursuing peace between Israelis and Palestinians. Continue reading the main story “It is a remarkably buoyant moment for them,” said Stephen A. Seche, a former United States ambassador to Yemen and the executive […]
