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UAE. A recent report surveying 150 financial advisors in the UAE – part of a larger Natixis global study of 2,400 advisers in 14 countries across the globe – has revealed that investors making emotional investment decisions in turbulent markets is the top mistake advisors see among individual investors. Advisers are concerned that individual investors tend to be too focused on short-term market events, leading them to […]

Middle East A vehicle at a base controlled by rebel fighters from the Ahrar al-Sham insurgent group that activists said was targeted by Russian airstrikes near Idlib, Syria, on Thursday. By ANNE BARNARD and ANDREW E. KRAMER October 1, 2015 BEIRUT, Lebanon — In a second day of raids in Syria, Russian warplanes carried out a new round of airstrikes on Thursday that once again — contrary to Moscow’s assertions — appeared […]

The scales do not lie, or so we are told. But in the case of what constitutes being too fat, they just might be telling a few fibs, according to UAE health experts. A new report by the World Health Organisation, says almost half of all women in the UAE are obese, as are one in three men. Insurance provider Zurich International Life, based on a sample […]

When President Mahmoud Abbas of the Palestinian Authority told the United Nations on Wednesday that the Palestinian people “cannot continue to be bound by” agreements with Israel, what was he repudiating? Mainly, he was talking about the Oslo peace accords, which Mr. Abbas’s predecessor, Yasir Arafat, signed in 1993 and 1995 with Yitzhak Rabin, the Israeli leader who was later assassinated by an extremist Jew. Those accords […]

UAE.  In many industrial companies, services play virtually no role. Yet the service business is reporting growth rates up to 40 percent faster than sales of new products. What’s more, the gross profit margin of services is on average a good ten percentage points higher. These are the conclusions from international management consultants Bain & Company in their latest study, “Winning in Industrial Services,” in which 45 […]

QATAR. Broadband Internet is failing to reach those who could benefit most, with Internet access reaching near-saturation in the world’s rich nations but not advancing fast enough to benefit the billions of people living in the developing world, according to the 2015 edition of the “State of Broadband” report. The report reveals that 57% of the world’s people remain offline and unable to take advantage of the […]

|By Matein Khalid| Even as China’s President meets the capo di tutti capi in Seattle, its manufacturing PMI falls to 47, a post Lehman low, with new export orders in a slump. I found it significant that the offshore yuan fell 200 pips to 6.4346 after the PMI. This proves my core argument, outlined a month ago. The Middle Kingdom will respond to its economic decline and […]

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Janet Yellen may have unwittingly helped the Indian dollar-loan market rebound from a three-year low. Less than a week after the Federal Reserve Chair delayed raising U.S. interest rates, billionaire Mukesh Ambani’s Reliance Industries Ltd. hired 16 banks for a $1.5 billion loan and Rural Electrification Corp. also approached lenders. That takes the pipeline of local dollar-denominated loans planned, mandated or in syndication to more than $5 […]

While Dubai continues to pump out sumptuous new apartment blocks, for a rising number of expatriates the city no longer offers the luxury lifestyle that lured many foreigners to the Gulf. A shortage of affordable homes and a reduction in overseas allowances since the financial crisis are pushing foreign staff on middle incomes out to less glamorous areas of the city far from the office, or to […]

|By TAP Staff| FGB claims to be the first bank in the UAE to offer a one-stop financing solution to start-ups. The bank’s new ‘Startup Proposition’ offers new businesses a range of financial solutions, from business current accounts and business credit cards, to start-up loans, overdrafts and trade/working capital facilities, with no collaterals required. The start-up package is designed to support new businesses in the initial stages […]

AMMAN, Jordan — Mohammad Smarat sat gazing at the few plants sprouting outside the entrance of the white stone hospital here, recalling how he had collapsed in a sea of green fields after getting shot. He had been helping farmers pick tomatoes near his home in Dara’a, Syria, when a stray bullet shattered his left hip joint. Though he had obeyed his father’s orders not to join […]

A logo is pictured at Google’s European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann/Files WASHINGTON The U.S. Federal Trade Commission has opened a preliminary investigation into whether Google Inc (GOOGL.O) uses its Android operating system to dominate competitors as more consumers go mobile, two sources familiar with the matter said on Friday. The Android mobile platform is a key element in Google’s strategy to maintain revenue […]

WASHINGTON — Defense Secretary Ashton B. Carter has notified Congress that he has approved sending a high-profile detainee at the Guantánamo Bay prison to Britain, a move that will ease a point of diplomatic tension between the United States and a close ally. The detainee, Shaker Aamer, is a Saudi citizen but was a longtime British resident. Prime Minister David Cameron; members of Parliament, including Jeremy Corbyn, […]

INTERNATIONAL. Just four per cent of businesses are able to extract the full value from the information they hold, with over a third (36 per cent) lacking the tools and skills they need to do so, according to new research from storage and information management company, Iron Mountain (IRM) and  PwC. As a result, 43 per cent of the European and North American companies surveyed obtain little […]

INTERNATIONAL. Gleaming glass skyscrapers, state-of-the-art technology, and wealthy merchant families have replaced the Gulf’s muddy towns and villages populated by traders and pearl fishers that once lacked electricity, running water or modern communications. The region’s modern day projection of a visionary cutting- edge, 21st  century urban environment masks however the fact that some things have not changed. Gulf states continue to be ruled by the same families, […]

UAE.  One of the most powerful gatherings of Arab region and international minds will convene in Abu Dhabi, the capital of the United Arab Emirates, next month (October) for a Summit which is aimed at producing recommendations for a blueprint to reposition the Arab world’s standing within the global landscape. Running October 10 and 11 at The St. Regis Abu Dhabi, Beirut Institute Summit will probe a […]

ABU DHABI // As the Sun slowly crept into the sky, thousands gathered at Sheikh Zayed Grand Mosque on Thursday morning to mark Eid Al Adha. Among those, Sheikh Mohammed bin Zayed, Crown Prince and Deputy Supreme Commander of the Armed Forces, who offered prayers. Afterward, Sheikh Mohammed and members of the royal family visited the tomb of his father, the founding President, Sheikh Zayed. People travelled […]

Bahrain’s leading telecommunications operator Batelco has announced its platium sponsorship for the upcoming Shreya Ghoshal Live in Concert event. The major musical event will take place during the Eid Al Adha holiday on September 24 at the Indian School grounds, and is expected to attract a huge multicultural audience, said a statement.  Batelco annually supports a wide range of initiatives across a number of sectors including health, […]

 |By TAP Staff| Integrated Capital, the capital markets arm of Abu Dhabi Financial Group, announced that it has placed and syndicated to its clients 20.3 percent of the $700 million notes issued by EA Partners IBV, a funding vehicle for Etihad Airways, its airport services business and five of its equity partners. Integrated Capital invested $142 million during the allotment period for the debut notes. The note […]

Dubai-based chartered accountants firm Sangani and Company has joined Kudos International Network as a full member auditing and accounting firm, the company announced. Kudos International Network is an international accounting and auditing network and member of Forum of Firms. Forum of Firms is an association of international networks of accounting firms performing audits of financial statements used across borders. The Forum’s objective is to promote consistent and […]

EDIRNE, Turkey — Doaa, a 25-year old Syrian, was lying in the shade one day last week, trying to shelter herself from the scorching sun in a makeshift camp near this northwestern border city. A pile of blankets next to her quivered, and a tiny hand emerged. Her son, Nassim, was just a week old. Doaa had walked out of a hospital in Istanbul a few days […]

INTERNATIONAL. Emerging Asian economies remain a challenging operating environment according to new risk ratings released today. In their first jointly produced economic and political risk ratings, Oxford Economics and Control Risks have evaluated the outlook for 164 countries worldwide, producing for each country a score based on a weighting of key political, economic, business and security risks. The ratings, drawn from the new Economic and Political Risk […]

Middle East By ISABEL KERSHNER September 18, 2015 JERUSALEM — Mahmoud Abbas, president of the Palestinian Authority, called Pope Francis to brief him on the “ongoing Israeli aggression in occupied East Jerusalem, and particularly against Al Aqsa Mosque.” Benjamin Netanyahu, the Israeli prime minister, told the United Nations secretary general, Ban Ki-moon, that “Israel is acting against the violence on the Temple Mount” and “is strictly maintaining the status […]

Private equity funds managed by Blackstone is set to acquire a majority of Serco Group’s private sector business process outsourcing (BPO) operations. The definitive agreement will include the former Intelenet business, for a consideration of £250 million ($385.7 million), approximately INR2,558 crores, said a statement. The enterprise value of this deal represents the largest acquisition by Blackstone in India, it said. The business has expected annual revenues […]

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