Oil prices were back under pressure on Thursday, with the West Texas Intermediate benchmark falling under $50 for the first time since December. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for the ninth straight week to a record high. Renewed concerns about a supply glut sent ripples through the currency market […]
|By Matein Khalid| Janet Yellen confirmed the Wall Street consensus that the Federal Reserve will raise its overnight borrowing (Fed Funds) rate at the March FOMC. Wage growth, inflation, crude oil, asset prices, economic data momentum and Trump’s fiscal stimulus all reinforce the dual mandate logic of a rate hike. Only a really awful February non-farm payroll shock (consensus is 200,000 jobs) will avert a rate hike […]
Your daily guide to community and cultural activities across the Emirates for March 9, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Music festival Buy […]
Iranian Foreign Minister Mohammad Javad Zarif held talks in Qatar on Wednesday with the country’s ruler about improving relations, soured by a dispute last year between Tehran and Gulf Arab powerhouse Saudi Arabia. Tasnim news agency said Zarif also met his Qatari counterpart during the trip to Doha, his second this year. Qatar and two other Gulf Arab states recalled their envoys from Tehran in January 2016 […]
DUBAI, UAE, March 8, 2017 /PRNewswire/ — Over 1,300 IT and security stakeholders gathered in Riyadh to advance discussions on collaboration, standardization and a unified approach to mitigate cyber threats. Under the endorsement of Saudi Arabia’s Crown Prince His Royal Highness Mohammed bin Nayef bin Abdulaziz Al Saud, the National Cyber Security Center NCSC, representative of Ministry of Interior, in partnership with Naseba organized the 2nd International […]
Continue reading the main story But the agent has his passport and has refused to refund his recruitment fee, he said. He has no money for a plane ticket. “There is a huge dependence on migrant workers who have employment terms that are no different than indentured servitude,” said Sarah Leah Whitson, director of the Middle East and North Africa division of Human Rights Watch, an advocacy […]
Dubai, UAE 08 March 2017 Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced its Full Year Financial Results for the year ended 31 December 2016. Amlak reported net profits of AED 107 million at the end of December 2016, a decrease of 20% compared to AED 135 million in 2015. The Company’s total revenues, however, reached AED 778 million in […]
DUBAI – March 7, 2017 Hotpack Packaging Industries, a leading producer and wholesaler of quality disposable food packaging materials in the UAE, has recently announced an investment of GBP 50 million to develop a facility in Wrexham – Wales, England. The facility will be equipped with the latest in packaging and manufacturing technologies. The announcement was made when Ms. Lesley Griffiths, Welsh Government Cabinet Secretary for Environment […]
Canadian financial services group Canaccord Genuity’s aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head told Reuters. It recently helped broker a C$5 billion ($3.7 billion) investment partnership between Dubai ports operator DP World and Caisse de depot et placement du Quebec, Canada’s second-largest public pension fund. “We think this could be […]
Yet in the other six countries still on Mr. Trump’s list, his decision to push ahead with the ban only stoked their sense of grievance and discrimination. Regional experts repeated earlier warnings that Mr. Trump’s order handed an easy propaganda victory to enemies and might ultimately weaken American security. Continue reading the main story “The idea that this is a Muslim ban has been reinforced even further,” […]
/By Arabian Post Staff/ The 10 Organization of the Petroleum Exporting Countries (OPEC) members moved closer to full compliance with the landmark production cut agreement signed late last year, as output in the month fell from January levels to average 32.03 million barrels per day, according to an S&P Global Platts survey released today. In all, taking an average of January and February production, the 10 members […]
By Joseph Ax and Nate Raymond | NEW YORK NEW YORK An accused al Qaeda operative charged with engaging in attacks on U.S. forces that killed at least two American servicemen in Afghanistan is set to face trial on Monday in federal court in Brooklyn, New York. Ibrahim Suleiman Adnan Adam Harun, also known by the nom de guerre Spin Ghul, or White Rose in the Pashto […]
· Initiative co-founded by Facebook, Intel, Nokia, SK Telecom, Deutsche Telekom and others · Collaboration across the industry in driving and innovating the development of high-quality, scalable and more affordable telecom infrastructure to bridge the digital divide 06 March 2017 Barcelona, Kuwait City – During last week’s Mobile World Congress in Barcelona, Zain Group, the leading mobile telecom innovator in eight markets across the Middle East […]
· Initiative co-founded by Facebook, Intel, Nokia, SK Telecom, Deutsche Telekom and others · Collaboration across the industry in driving and innovating the development of high-quality, scalable and more affordable telecom infrastructure to bridge the digital divide 06 March 2017 Barcelona, Kuwait City – During last week’s Mobile World Congress in Barcelona, Zain Group, the leading mobile telecom innovator in eight markets across the Middle East […]
DUBAI, United Arab Emirates — Bahrain’s Parliament approved a constitutional change on Sunday that will allow military courts to try civilians, the kingdom’s latest move in a mounting crackdown on dissent. Activists warned that the amendment would in effect place the island under an undeclared state of martial law. Loyalists to Bahrain’s monarchy called the change necessary to combat terrorism, and pointed to sporadic low-level unrest since […]
DUBAI Suspected U.S. drones fired missiles at al Qaeda targets in two separate attacks in Yemen on Monday, residents said, extending several days of U.S. strikes against the militants. Residents said an air strike hit the home of an al Qaeda suspect in the village of Noufan in central al-Bayda province, and another struck a mountainous area believed to house a training camp in al-Saeed in southern […]
· Tasdeer showcased 20 Qatari food and beverage sector companies at Dubai World Trade Center from 26 February – 2 March 2017 · Food and beverage industry valued at more than USD $5 trillion globally, according to estimates · Expo attracted key businessmen, decision-makers and investors from agri-food industry from across the world 05 March 2017· Tasdeer showcased 20 Qatari food and beverage sector companies […]
Nearly 70 percent of employers in the UAE are planning to hire new staff in the next 12 months, according to the latest Middle East Job Index Survey. Compiled by Bayt.com and YouGov, the survey results showed that within the next three months, more than half of UAE employers (52 percent) said that they are “definitely” or “probably” going to hire. Among UAE companies that plan to […]
By Ernest Scheyder | HOUSTON HOUSTON The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When OPEC in November joined with several non-OPEC producers to agree to a historic cut in output, the group […]
Bahrain said on Saturday it had uncovered a 54-member Iranian-linked militant group suspected of involvement in attacks on security forces, including organising a prison break in January, and seized automatic weapons. It was one of the biggest security operations against suspected militants Bahrain blames for an increase in armed attacks on security forces in the Western-allied kingdom, where the US Fifth Fleet is based. Tensions have been […]
Yemen, one of the poorest countries in the Arab world, has been convulsed by civil strife for more than two years. In the west, Houthi rebels ousted the government of President Abdu Rabbu Mansour Hadi, the United States’ main counterterrorism partner in the country, and have been fighting a Saudi-led coalition of mostly Sunni Arab countries that back Mr. Hadi. Continue reading the main story In the […]
Three GCC-based retailers have been named in a new list of the world’s top 250, with the UAE’s Emke Group ranked the Middle East’s biggest. Emke, which runs the Lulu chain on hypermarkets and earlier this month announces major expansion plans in Saudi Arabia, posted sales revenue of $6.2 billion. Dubai mall operator Majid Al Futtaim saw revenue of $6 billion while Saudi-based food firm Savola posted […]
The National staff ABU DHABI // About 1,650 people have been given a range of medical assistance in Tanzania as part of the UAE’s Zayed Giving humanitarian drive. Children and elderly people were treated by the UAE’s team of medical volunteers. The initiative was carried out under the supervision of the UAE-Tanzanian voluntary medical team. The Zayed Giving convoys have now completed the first phase of its […]
There was no mistaking the arrival of King Salman Abdulaziz Al-Saud of Saudi Arabia and his entourage in Malaysia on Sunday morning. Traffic stood still for 30 minutes as we waited for the 600-strong royal party to make their way from the airport to the centre of Kuala Lumpur — a near-endless stream of limos, lorries, outliers and ambulances, sirens screaming. This is King Salman’s first trip […]
Via Michael Snyder of The End of The American Dream blog, If current trends continue, Islam is on track to become the largest religion in the entire world by the end of this century according a stunning new report that was just released by the Pew Research Center. While it is true that Christianity is still growing on a global basis, it is not growing nearly as […]
GENEVA Syria’s warring sides both claimed U.N. peace talks in Geneva were going their way on Thursday, but the chief government negotiator and Syria’s ally Russia accused the main opposition delegation of trying to wreck the talks. Syrian government negotiator Bashar al-Ja’afari told reporters that he had discussed “substantive issues, particularly counter-terrorism” with U.N. mediator Staffan de Mistura, and would continue on Friday. The government delegation has […]
Uber’s US rival Lyft is seeking $500m in a new fundraising round to provide fresh ammunition as the transportation company takes its fight with Uber to a growing number of US cities, according to two people close to the process. The fundraising comes at a time when Uber has been struggling with a series of public relations crises, including allegations of sexual harassment and a video of […]
GENEVA Syrian government negotiator Bashar al-Ja’afari accused the Saudi-backed opposition on Thursday of holding peace talks hostage because of their reported refusal to unify under one opposition delegation and include terrorism on agenda. “We heard that… the Riyadh platform refused the inclusion… of counter-terrorism,” Ja’afari told reporters after meeting U.N. envoy Staffan de Mistura. “This did not come as a surprise because some members of the Riyadh […]
Oman’s government has given itself breathing space from the pressure of financing a large budget deficit by selling $5 billion of international bonds, almost completing its entire foreign borrowing plan for 2017 in a single issue. Wednesday’s bond sale, in tranches of five, 10 and 30 years, was about double the size that most investors had expected and a huge amount for a country which returned to […]
ADEN: Two US drone strikes killed at least four suspected Al-Qaeda members in southern Yemen on Thursday, security officials said, barely a month after a controversial US commando raid against the jihadists.The first strike targeted the home of a known Al-Qaeda member in the Yashbum Valley in Shabwa province, a provincial security official told AFP.Four suspected militants who had been standing outside the house were killed, he […]
