Shares in Italian banks opened sharply lower Monday morning after voters rejected the country’s constitutional reform referendum, with investors questioning whether some of Italy’s largest financial institutions will now be able to raise capital needed to shore up their finances. Milan’s stock market benchmark, the FTSE Mib, was down 1.4 per cent to 16,857.0 in opening trading, led lower by its banks after Matteo Renzi, Italy’s prime […]
SHANGHAI Chinese trainmaker CRRC (601766.SS)(1766.HK) plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on Monday. CRRC expects a total of $8 billion worth of orders from overseas customers this year, and was also open to teaming up with competitors to win bids in some markets, company executives […]
Two days after Donald Trump created a diplomatic dispute with China over Taiwan, the president-elect took to Twitter on Sunday evening to criticise Beijing and defend his decision to speak with the Taiwanese president. China issued a protest on Saturday after Mr Trump spoke on the phone with Tsai Ing-wen, the first such contact with a Taiwanese leader since the US severed diplomatic ties in 1979. Although […]
Expert Panel At Telematics Middle East 2016 to Discuss Impact of the OEMs’ Changing Role in the Mobility Market and How Connected Cars will change the industry? Expert Panel At Telematics Middle East 2016 to Discuss Impact of the OEMs’ Changing Role in the Mobility Market and How Connected Cars will change the industry? Dubai, UAE – December 4, 2016 Bright Box, a global vendor of connected […]
Emirates National Oil Co (ENOC) has announced plans to build 54 new service stations over the next four years. The expansion plan kicked off with the opening of a gas station in the Dubai International Academic City area, the company said in a statement. Saif Humaid Al Falasi, Group CEO of ENOC, said: “Our service station expansion programme is part of ENOC’s wider growth strategy over the […]
Seems yall didn’t quite get the gist of our series – and why it should even be bothered to appear. Well, a few reasons. One, not everyone has the means of investing in ‘decent’ strategies that may only be eligible for accredited investors or QEPs. Two, those who don’t have the means to invest in $1 M minimum programs also don’t have the means of educating themselves […]
LONDON British Prime Minister Theresa May is cracking down on unauthorised leaks by ministers and civil servants on her Brexit plans, a leaked memo to the Mail on Sunday newspaper said. Cabinet Secretary Jeremy Heywood has written to senior officials to tell them that May wants to “urgently tighten security processes” and that anyone found to have leaked sensitive information will be dismissed, according to the memo. […]
China’s state broadcaster CCTV, better known as a conduit for Beijing’s propaganda efforts, is growing an international network beaming soap operas and news to audiences as far afield as Africa, the Middle East and the US. China International Communications Co (CICC), the commercial arm of China Central TV, streams Chinese content from CCTV and provincial broadcasters to overseas Chinese audiences — and is now setting its sights […]
By Arno Schuetze | FRANKFURT FRANKFURT Deutsche Bank’s Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, […]
· Family businesses are threatened by rapidly changing internal and external environments · Study by Strategy& (formerly Booz & Company) stresses the need for family businesses to identify priority areas for action to institutionalize and adapt · Strategy& suggests three focus areas for institutionalization: governance, strategy and corporate enablers · Although each family business has unique features, Strategy& has identified four archetypes of family […]
03 December 2016 The Roads and Transport Authority – Majdi Abu Zaid: The Roads and Transport Authority (RTA) in Dubai has recently signed two Memoranda of Understanding (MoU) with Khalifa University and the University of Dubai calling for stepping up cooperation in the field of robots and drones. The step is part of RTA endeavours to keep pace with the latest technological trends, share expertise with the academic […]
BEIJING China’s armed forces must be smaller but more capable, and if reforms are not properly carried out the military risks falling behind, affecting its ability to wage war, Chinese state media on Saturday cited President Xi Jinping as saying. Xi unexpectedly announced in September last year that he would cut troop numbers by 300,000, or some 13 percent of the world’s biggest military, currently 2.3-million strong. […]
03 December 2016 Gulf Navigation announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The eastern […]
Dubai-based air services provider dnata has reached an agreement with Canada’s GTA Aviation to purchase a 50 percent stake in its cargo and ground handling operations at Toronto Pearson International Airport. The unit of Emirates Group said the investment marks dnata’s first step into the Canadian market and is a “significant development in the company’s expansion into the Americas”, less than a year after announcing investments in […]
In London last month, Arabian Business was treated to a behind-the-scenes explanation of how in March Google’s AlphaGo computer programme thrashed the world’s best player at the ancient board game Go. The match represented a breakthrough in artificial intelligence (AI) research being undertaken by Google’s DeepMind since the start-up was acquired for a reported $400m in 2014. Go involves two contestants moving black and white stones on […]
Like Christmas ornaments on Main Streets across America, Wall Street banks’ forecasts for the year ahead keep coming out earlier every year. At least this year analysts have something substantive to sink their intellectual teeth into: the impact of incoming president Donald Trump. The results are fascinating — especially for bonds. The fixed income market has been one of the biggest victims in the “Trumpflation trade” that […]
For the past few months, a number of Microsoft watchers have been predicting and hoping (incorrectly) that Microsoft was ready to roll out a competitor to Amazon’s Echo and Google Home. A discovery by Microsoft sleuth The Walking Cat, a k a @h0x0d, of something called “Home Hub” further fueled this rumor. However, as Walking Cat also discovered, Home Hub wasn’t hardware; it was some kind of […]
Successful SMEs set to become part of the supply chain for Qatar Shell and Pearl GTL 03 December 2016 Doha: As part of a nationwide strategy to support Qatari small and medium-sized enterprises (SMEs), Qatar Development Bank (QDB) and Qatar Shell will award contracts for five business opportunities; four will be awarded at a special ceremony on 5th December, and a fifth contract will be signed and announced […]
Authored by William Blum, originally posted at Strategic-Culture.org, On November 16, at a State Department press briefing, department spokesperson John Kirby was having one of his frequent adversarial dialogues with Gayane Chichakyan, a reporter for RT (Russia Today); this time concerning U.S. charges of Russia bombing hospitals in Syria and blocking the U.N. from delivering aid to the trapped population. When Chichakyan asked for some detail about […]
By David Brunnstrom and Emily Stephenson | WASHINGTON WASHINGTON U.S. President-elect Donald Trump spoke by phone on Friday with Taiwanese President Tsai Ing-wen, a transition team spokeswoman said, in a move likely to infuriate China and expected to complicate relations. The call, confirmed by Trump transition spokeswoman Hope Hicks, was the first such contact with Taiwan by a president-elect or president since President Jimmy Carter adopted a […]
Starbucks Chief Executive Howard Schultz’s decision to step down is unlikely to hamper growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp (SBUX.O) said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a […]
ABU DHABI // “Building nations is not complete without safeguarding heritage,” Sheikh Hazza bin Zayed told the Safeguarding Cultural Heritage Conference in the capital on Friday. The deputy chairman of Abu Dhabi Executive Council was addressing the first day of the conference, where attendees heard reports of past atrocities as a prompt to forging meaningful outcomes for the future. The conference concludes Saturday, with the adoption of […]
Service launches in Turkey with more cities to go live in Pakistan, Saudi Arabia and Egypt Dubai, December 1, 2016 Fueled by its market expansion strategy to broaden the reach of its services within the Middle East, North Africa and South Asia, Careem, the region’s leading app based car booking service, recently launched operations in Istanbul Turkey. Within the GCC itself, Careem is answering the high demand […]
As a microcosm of the wrenches and stresses enterprise services are experiencing, Cognizant‘s week has been pretty fascinating. Last weekend Elliott Management took an activist controlling role in Cognizant, one of the most strategic services firms, with an open public letter to Cognizant’s management essentially chastising them for too much investment in the future and for not squeezing enough money out of the IT services world as […]
