A sell-off in eurozone government bonds has left German yields at their highest level in a year, challenging investors who have long become accustomed to low inflation and weak economies keeping market interest rates at record low levels. In France, Germany, Italy, Spain and Austria bond yields have broken through 12-month highs as investors focus on the accelerating pace of inflation, grapple with extra supply and question […]
Appointment of Discover The World Germany as representative to highlight strong sales pitch by the Middle East’s leading Destination Management Company at ITB Berlin Dubai, United Arab Emirates 26 January, 2017: Desert Adventures, part of the Kuoni Destination Management Specialists division, has set its sights on attracting more guests and getting a lion’s share from the German-speaking market with the appointment of Discover The World-Germany as its representative. […]
The value of the GCC’s healthcare market has grown steadily in recent years and there is little sign that any slowdown is on the horizon. The industry is forecast to be worth $71.3bn by 2020, according to Alpen Capital. The investment bank expects the GCC healthcare sector to record 12.1 percent compound annual growth rate (CAGR) between 2015 and 2020, after 10.3 percent CAGR between 2008 and […]
By Anna Irrera | NEW YORK NEW YORK Cisco Systems Inc (CSCO.O), Bosch Ltd (BOSH.NS) and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve “internet of things” applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology. The group, which also includes Bank of New York Mellon Corp (BK.N), Foxconn Technology Group, security […]
When readers wake up every morning, what do they check first? Probably their texts. Then, if they’re feeling brave, their email inboxes. Readers are inundated with content nowadays, which puts the onus on journalists to reach them where they’re actually paying attention. That’s why many news organizations have begun hiring editors who deal exclusively with email and push notifications, journalism that audiences can’t easily tune out. “I […]
Mi dispiace, ho sbagliato numero* Well, what did BT’s chief executive, smouldering Gavin Patterson, expect? Italy is ranked 60th out of 176 countries in Transparency International’s corruption index, worse than Romania or Hungary. The “improper” management behaviour there had been going on for years, and would probably be going on still but for the call from a whistleblower. The BT board must now decide how far up […]
By Thomas Escritt | THE HAGUE THE HAGUE African countries are considering a co-ordinated withdrawal from the International Criminal Court if it is not reformed to address what they see as its bias against the continent, according to a document seen by Reuters. Almost a third of the ICC’s 124 members are African, and a withdrawal by a large number of them would cripple a court that […]
Agreement allows healthcare organisations registered within the DHCA to operate inside the DIFC Partnership is in line with government’s wellbeing initiatives to broaden healthcare provision and access across the Emirate Move will continue to increase the international attractiveness and competitiveness of the DIFC community Dubai-UAE: 27 January 2017 Dubai International Financial Centre (DIFC) Authority, the entity overseeing the largest financial centre in the Middle East, Africa and […]
Dubai, UAE, 27 January, 2017 Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with National Energy Technology Laboratory (NETL), which operates under the US Department of Energy, and specialises in energy security, and the Research and Development (R&D) of coal, natural gas, and oil technology. The MoU aims to strengthen cooperation and develop new framework as per the highest international standards, to […]
UBS finished a tough 2016 on an upbeat note, with an unexpectedly strong increase in fourth-quarter profits, and has predicted improved US investor confidence would this year boost its wealth management businesses. However, Sergio Ermotti, chief executive, warned the more positive US trends were not mirrored globally, and UBS’s shares fell 1.2 per cent in early trading as analysts raised concerns about unexpected fourth-quarter outflows of clients’ […]
Friday 08:25 GMT Overview The US dollar is in the ascendancy as the currency once again benefits from hopes for a stronger US economy — optimism that also has helped push Wall Street to record levels. European bourses are mixed after a holiday-thinned Asian session. Commodities are muddled, with oil firmer but gold on the back foot. Hot topic The US dollar is in focus as it […]
Sitting in his spacious office in Doha’s West Bay, free from the entourage of assistants usually attached to CEOs of large, government-backed organisations, Rashid Bin Ali Al Mansoori appears relaxed and unhurried. He even responds, “How much time would you like?” when asked to confirm the length of our meeting. Al Mansoori, who has served as CEO of Qatar Stock Exchange (QSE) since 2012, is frank about […]
(Image: CBSNews.com) With the Trans-Pacific Partnership (TPP) having been dumped by new United States President Donald Trump on his first week in office, the question remains as to whether the remaining signatories will attempt to push through the deal by themselves or with China’s aid — or whether they will instead use a Chinese-led deal. The TPP, signed by its 12 member states in February 2016, was […]
Dubai, January 26, 2017 UAE Konica Minolta Business Solutions Middle East, held its annual Middle East Distributor Conference recently, at the Dusit Thani Hotel in Dubai. More than eleven distributors from across the Middle East were present at the event. With a theme of “Driving Smarter Workflows”, the one-day long conference featured informational presentation, educational discussions, future strategy, and demonstrations of Konica Minolta hardware, software, and managed […]
If only a portion of Saudi Arabia’s National Transformation Programme is implemented, there will be dramatic change, one of the kingdom’s most influential lawyers assures. “If we can cover 50 percent of what is the aspiration in the Vision 2030, the kingdom will be doing much better,” the Saudi country director of international law firm White & Case, Doug Peel, says. “My view is that it’s a […]
Consolidated Activity Highlights as at end-December 2016: USD 20.8 billion in Assets USD 17.1 billion in Deposits USD 5.2 billion in Loans Advertisement USD 2.1 billion in Total Equity USD 165 million in Net Profit Byblos Bank Headquarters, 26 January 2017 Byblos Bank overall results for 2016 were satisfactory given the difficult economic and financial conditions in Lebanon and the region. Lower oil prices and revenues in several countries […]
Communications giant Edelman on Wednesday announced the appointment of a former senior executive of the UK Prime Minister’s Office to a key role in the Middle East, based in Dubai. Robin Gordon-Farleigh has been hired as regional director for government strategies for the Middle East and will take up the role in March. Most recently he was the news planner in the UK Prime Minister’s Office where […]
Submitted by James Durso via RealClearDefense.com, Ukraine’s government has hired Washington lobbyists to fix its problems with the Trump Administration, but would do better to fix its internal problems, instead. Ukraine’s problems are in four categories: a structural problem caused by the multiple overlapping entities involved in military strategy and procurement; the absence of a unified strategic vision for ordering equipment and supplies; a “Fifth Column” of […]
EBay on Wednesday posted fourth quarter financial results that met market expectations, thanks to a solid holiday season and strong growth in StubHub revenues. The e-commerce company reported non-GAAP earnings of 54 cents a share on revenue of $2.4 billion, as Wall Street was expecting. Earnings were up 8 percent year-over-year, while revenue was up 3 percent. EBay generated $620 million of operating cash flow in Q4 […]
Dennis Muilenburg, chief executive of Boeing, welcomed Donald Trump’s habit of individually targeting companies like the US aerospace and defence manufacturer for criticism via Twitter, praising the new president for “directly engaging” with corporate America. Rather than feeling bullied, Mr Muilenburg was effusive in his praise of the president’s social media strategy, as well as his economic plans including tax reform, saying he was giving business a […]
The growth in computing power and battery life for phones and tablets has left traditional PCs and desktops searching for an identity. This has forced manufacturers to reexamine the form, functionality, and purpose of PCs overall and desktops in particular. If a tablet can do what once required the power of larger systems, do desktops even have a place in the market? PC sales continue […]
Fitch Ratings-London-25 January 2017 The ratings of Etihad Airways PJSC and the notes issued by EA Partners I B.V. and EA Partners II B.V., which are currently unchanged, are largely driven by shareholder commitment to Etihad Airways’ mandate to establish a commercially viable airline and an economic contributor through equity airline partnerships. As a result, the ratings may be affected by the planned reshuffle of Etihad Aviation […]
Dell is expanding its education options and now it’s offering more choices: its latest education laptops can now run either Windows 10 or Chrome OS. This week brought a number of affordable laptops and hybrids specifically designed for classroom use and a number of offers from both Google and Microsoft hold great potential. Dell is not playing favorites and its new education laptops are ready to go both […]
The Dow Jones Industrial Average on Wednesday rose above 20,000 points for the first time marking a milestone for Wall Street’s venerable equity barometer as the Trump trade that stalled at the onset of 2017 resumes. The gauge of blue-chip companies climbed 0.5 per cent to 20,014 in opening trading, as US equities extended their record-setting rally that began after the presidential election in November. Investors have […]
