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|By Arabian Post Staff| Emarat Dzayer Group, a Dubai-based diversified business conglomerate, and Groupe Imetal, a Government of Algeria undertaking, has signed an agreement to develop a US$1.6 billion (Dh5.87 billion) steel plant in Algeria’s Annaba Province. The agreement was signed on Tuesday in Algeria, on the sidelines of the Algerian-Emirati Investment Forum in the presence of Abdel Malek Sellal, Prime Minister of Algeria, Sheikh Mansour Bin Zayed […]

Photographs capture mere fractions of seconds, but a series of them taken by an Egyptian journalist has cost him more than three years of his life. Mahmoud Abou Zeid, known as Shawkan, has been in Tora Prison in Cairo for more than 1,100 days. He has been detained without trial since he was arrested while photographing the deadly antigovernment protests that roiled Egypt in the summer of […]

Russia has conducted successful intercontinental ballistic missile tests intended for its Barguzin “nuclear-train” program.  The tests for Russia’s “railway-based combat rocket system” took place on Plesetsk cosmodrone two weeks ago, Interfax reports and were “fully successful” according to a military source, which would “pave the way for further flight tests.” The tests were held to test the missiles’ launch readiness, Russian press added.  A BZhRK with a […]

The US government bond market suffered a renewed sell-off and the dollar powered to a fresh 13-year high on Wednesday, as stronger economic data bolstered the case for an interest-rate increase and reinforced the view that the multi-decade bond bull market has reached a turning point. The Republican sweep of the White House and Congress, coupled with president-elect Donald Trump’s promise to unleash a $1tn economic stimulus […]

In baseball lore the moment has been preserved in amber, alongside Lou Gehrig’s farewell at Yankee Stadium, Don Larsen’s perfect game in a World Series and “the Catch,” Willie Mays’s spectacular over-the-shoulder, warning-track snare of a Series blast at the same Polo Grounds, three years after Thomson’s “shot.” It was immortalized in American literature by Don DeLillo, who opened his 1997 novel, “Underworld,” with an extended passage […]

By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month following the election of […]

Mid-morning last Friday, as Tokyo’s foreign-exchange traders were contemplating lunch, the first pictures of Donald Trump meeting the Japanese prime minister, Shinzo Abe, flashed up. The yen bears loved it. Setting aside the gold-encrusted Babylonian decor of Trump Tower and forced bonhomie, conventional market wisdom before November 9 was that an image like this would send global investors everywhere screaming into haven, long yen positions. Forget an […]

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At the Bundesbank’s Frankfurt offices, its dealers sit in front of rows of Bloomberg and Reuters terminals and search for €10bn-worth of their government’s bonds to buy each month. As prices for the debt hit record highs earlier this year, they struggled to find bonds cheap enough to meet their target, set as part of the European Central Bank’s quantitative easing programme. Now, as investors anticipate higher […]

Impala Asset Management, the $2.2bn hedge fund run by George Soros’s former chief investment officer, is benefiting from bets that an overhaul of America’s infrastructure and sustained demand from China will buoy appetite for commodities. Robert Bishop, who founded Impala in 2004, said they decided infrastructure would be a win whoever won the US election, but doubly so in the case of Donald Trump, a real estate […]

ABU DHABI // The Ministry of Education and Du have pledged to distribute 12,000 books to 226 school libraries across the country. “Education is where the seeds of our knowledge economy sprout,” said Marwan Ahmad Al Sawaleh, undersecretary of support services at the ministry. The President, Sheikh Khalifa, declared 2016 the Year of Reading to create a generation of book lovers and consolidate the UAE’s position as […]

Eurozone corporate bond risk premiums have jumped to their highest level since July, as Donald Trump’s victory in the US election effectively erases gains generated by the European Central Bank’s policy of buying companies’ debt. A sharp rise in global bond yields since Mr Trump’s triumph has also spurred an underperformance of European credit relative to the US corporate debt market. Higher corporate credit spreads in euros, […]

As night fell on June 15, volunteers at the Birstall Wellbeing Centre in West Yorkshire were preparing for their usual Wednesday group session. The centre offers Reiki healing, palm readings and holistic massage. Rebecca Walker, who opened the centre eight years ago, is haunted by that night in June. At about 6.30pm, a man in his 50s walked through the door. He was thin, on the short […]

A record run of declines; its worst performance since last year’s surprise devaluation and eight-year lows plumbed on a near-daily basis. Whichever way you cut it, China’s currency is having a testing month. However, unlike the infamous devaluation ruckus in August 2015, and the turmoil in markets that followed renminbi weakness in January, investors are not panicking this time. At least not yet. This month the offshore […]

A new botanical wonder has taken root at the heart of the world’s largest natural flower garden in Dubai. Emirates airline has teamed up with Dubai Miracle Garden to construct the world’s largest floral installation through a life-size version of the Emirates A380, covered in more than 500,000 fresh flowers and living plants. When in full bloom, the aircraft structure will have an unprecedented total stem count […]

Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs is welcomed by Abdul Malik Salal, prime minister of Algeria, upon his arrival at Houari Boumediene International Airport in Algeria on Tuesday for a one-day official visit. Wam Sheikh Mansour is accorded an official welcoming ceremony after landing in Algeria. Wam Sheikh Mansour meets with Abdul Malik Salal during a one-day official visit of Algeria. […]

China’s handling of its state reserves of raw materials such as cotton and sugar will be a key factor shaping the direction of agricultural commodities in 2017, according to a major lender to agribusinesses. China is “the most striking wildcard” that will drive agricultural markets, said Stefan Vogel, head of agri commodity markets at Rabobank, the Dutch lender that is a leading financier to farmers and agribusinesses […]

The report comes as part of the Ministry’s contribution to UAE Innovation Week 2016 H.E. Noura Al Kaabi: We are always looking to draw lessons from our experiences; this report allows us to look back on our processes and plans and build on them to keep improving our electoral process moving forward Abu Dhabi, November 23, 2016  The Ministry of State for Federal National Council (FNC) […]

South Korea on Wednesday signed a military intelligence-sharing pact with Japan aimed at better managing the threat from North Korea’s increasingly active missile and nuclear weapons programmes. The deal, which comes as Seoul scrambles to adjust to the region’s shifting geopolitical landscape, has faced fierce domestic opposition from critics who slam it as an example of embattled President Park Geun-hye’s unilateral decision-making. Ms Park is embroiled in […]

Via The Daily Bell, Barack Obama on fake news: ‘We have problems’ if we can’t tell the difference The US president denounced the spate of misinformation across social media platforms, including Facebook, suggesting American politics can be affected. -Guardian Is fake news the new “conspiracy theory.” We’ve read that it may be, and it seems likely to us. That’s because “conspiracy theory” has seemingly lost credibility as […]

For some frustrated fans, that premise may seem incongruous or maddening, but it is the reality. Consider this, too: Gulati draws no salary from U.S. Soccer to compensate him for his grief. Continue reading the main story Because U.S. Soccer is a nonprofit body that oversees all facets of the sport in the United States — as opposed to a for-profit professional sports team or league — […]

ABU DHABI // Education is essential for the future of young Emirati men and women and the whole nation, Sheikh Nahyan bin Mubarak told the Arab Knowledge Forum in Dubai this week. The UAE Minister of Culture and Knowledge Development said the UAE is moving in the right direction thanks to “wonderful examples of young Emiratis”. “We must provide an education that empowers our youth to embrace […]

TEHRAN: More than 1,000 combatants sent from Iran to fight in support of President Bashar Assad in Syria have been killed in the conflict, the head of Iran’s veterans’ affairs office said Tuesday.“The number of martyrs from our country defending the shrines has now passed 1,000,” Tasnim news agency quoted Mohammad Ali Shahidi Mahalati, the head of Iran’s Foundation of Martyrs’ and Veterans’ Affairs, as saying.Iran has […]

Donald Trump is showing no signs of ditching the unpredictable, pugilistic style that marked his campaign, by clashing with media chiefs, unsettling the US’s closest ally and intervening in the legal fate of his election rival during a 24-hour blizzard of activity. Most of the president-elect’s freewheeling decisions were broadcast over social media on Tuesday, a day after he broke with convention to announce a policy agenda for the […]

SYDNEY Asian stocks crept to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street, where the three main indices seized record peaks for a second straight session. Australia’s main index led the early action with a rise of 0.5 percent to a one-month top, helped by strength in bulk commodity prices. Japan’s Nikkei .N225 was closed for a holiday after enjoying […]

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