Tata has replaced Cyrus Mistry as chairman of its steel subsidiary, as it seeks to reassert control over its operating companies in the midst of India’s biggest boardroom battle. In a statement to the Mumbai Stock Exchange, Tata Steel said that “in view of the current situation” its board had voted by a majority to replace Mr Mistry as chairman with immediate effect and elected Mr O […]
Oman’s tourism ministry has signed an agreement with Orascom Development Holding to build a new beachfront city complex. Ahmed bin Nasser Al Mahrizi, Minister of Tourism, signed the deal with Samih Sawaris, chairman of Orascom and Omani tourist firm Muriya, to develop City Walk. Set to be located in North Al Hail, the development comes as part of the continued collaboration between the Ministry and Muriya to […]
BOSTON Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Donald Trump looks set to loosen environmental regulations. Based on filings so far, U.S. companies are on track to face roughly 200 resolutions on climate matters at their shareholder meetings next year, according to Rob Berridge, who follows the subject for Ceres, a sustainability […]
BEIRUT: Syrian government forces are trying to split opposition-held eastern Aleppo in two in a fierce ground and air assault that is taking a heavy toll on besieged civilians and rebel fighters who are battling hard to stop them, a rebel commander said.Abu Abdelrahman Nour, Aleppo commander of the Jabha Shamiya, one of the biggest groups fighting against President Bashar Assad in northern Syria, called for more […]
Billionaire investor Wilbur Ross, known on Wall Street as the “king of bankruptcy” for his record of buying failing companies, will be tapped as Donald Trump’s commerce secretary, putting an advocate of renegotiating US trade pacts in a key economic post. Mr Ross was a close adviser to Mr Trump during his campaign and helped develop the president-elect’s policies for corporate tax cuts, increased infrastructure spending and […]
By Stanley Carvalho and Agnieszka Flak | ABU DHABI/MILAN ABU DHABI/MILAN Alitalia could cut up to 2,000 jobs as controlling shareholder Etihad Airways pushes for sweeping changes to turn the loss-making airline around, according to sources close to the matter. The Italian carrier may also ground at least 20 planes to cut certain unprofitable routes on domestic and regional services where it is struggling to compete with […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
China has become the first country to receive more than 1m patent applications in a single year — a record the World Intellectual Property Organisation said reflected “extraordinary” levels of innovation in the world’s most populous nation. “[The Chinese] are making innovation a central part of their economic strategy,” Francis Gurry, director-general of the UN agency, said at a briefing in Geneva. While sceptics have long argued […]
Submitted by Brandon Smith via Alt-Market.com, As I noted in my last article World Suffers From Trump Shellshock – Here’s What Happens Next, there are two primary consequences of a Trump presidency that actually serve globalists and elites in the long run. The first is the consequence of a perfect scapegoat for the economic crisis which the elites have been gestating since 2008. Trump enters the White […]
The ads’ sponsor The Humane Society Legislative Fund formed in 2004 as the lobbying arm of the Humane Society of the United States, a public charity to which donations are tax-deductible. Donations to the Humane Society Legislative Fund, however, are not tax-deductible, as it’s organized as a “social welfare” nonprofit under section 501(c)(4) of the U.S. tax code. Electoral politics cannot be the primary focus of charities […]
November 24, 2016 by: Neil Hume, Commodities and Mining Editor The new chief executive of Rio Tinto said on Wednesday that he would focus on sweating the company’s assets and improving productivity rather than transformational mergers and acquisitions. Ahead of his first in-depth strategy presentation, Jean-Sébastien Jacques said that the Anglo-Australian miner could boost cash generation by as much as $5bn by the end of 2021 by […]
Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central bank that could pour close to $20bn into government coffers in April, analysts say. For a government facing bitter spending cuts, an increasingly uncertain economic outlook, sharply lower growth prospects next year and the threat of a […]
The facility is Hempel’s second largest decorative factory in the world, and the largest in the Middle East Kingdom of Saudi Arabia – 23 November 2016 Hempel Paints, a global supplier of marine, protective and decorative coatings, announced plans to move its entire production in Saudi Arabia to its new plant in Jeddah’s Second Industrial City as part of a strategy aimed at meeting the needs of its […]
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 […]
Conference entitled ‘Utilizing Industrial Cooperation to Develop Local Supply Chain Capability’ brings together leaders from aviation, defence and space industries HE Abdullah Sultan Al Owais, Chairman of the Chamber of Commerce and Industry (SCCI): ‘Sharjah is seeking to improve the competitiveness of the Emirate of Sharjah’s manufacturing sector by welcoming high-tech industries working in these sectors’ Conference entitled ‘Utilizing Industrial Cooperation to Develop Local Supply Chain […]
What makes Arena succeed? “First, he’s smart,” Logan said. “Second, he understands the theater of sport, like Casey Stengel. Third, he knows it’s a game that young people play. He coaches during the week and doesn’t think he’s running the game on Saturday or Sunday.” Photo Arena, far left, the team’s coach, and Landon Donovan, center right, celebrated after the Los Angeles Galaxy won the 2011 M.L.S. […]
Fitch Ratings-London-22 November 2016 Fitch Ratings has affirmed The Commercial Bank Q.S.C’s (CBQ) Long-Term Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook. At the same time the agency has downgraded CBQ’s Viability Rating (VR) to ‘bbb-‘ from ‘bbb’. A full list of rating actions is at the end of this rating action commentary. The downgrade of the VR reflects the deterioration in CBQ’s asset quality […]
|By Arabian Post Staff| Etihad airline is in talks to take a stake in Germany’s Air Berlin subsidiary Niki, which is an Austrian-based leisure operator, media reports quoting insiders said. Niki is being spun off and merged with another player, it was stated. Bloomberg said Etihad’s stake holding in Niki will be as a prelude to combining it with TUI AG’s German airline unit. The valuation will […]
Submitted by John Whitehead via The Rutherford Institute, “We Americans are the ultimate innocents. We are forever desperate to believe that this time the government is telling us the truth.”—Former New York Times reporter Sydney Schanberg Let’s talk about fake news stories, shall we? There’s the garden variety fake news that is not really “news” so much as it is titillating, tabloid-worthy material peddled by anyone with […]
ABU DHABI // Youths from across the Emirates met on Monday to dream up plans for unmanned vehicles capable of saving lives in an emergency situation, and build models of them. The Make It engineering and manufacturing competition, hosted at Khalifa University by Mubadala and the Abu Dhabi Education Council, challenged 95 public and private school pupils to develop a business strategy around their prototypes. Pupils had […]
Submitted by Howard Kunstler via Kunstler.com, America didn’t get what it expected, but perhaps it got what it deserved, good and hard. Daddy’s in the house and he busted straight into the nursery and now the little ones are squalling in horror. Mommy was discovered to be a grifting old jade who ran the household into a slum and she’s been turned out to solemnly await the […]
Theresa May has set out the terms of a new grand bargain with business, where the government invests to boost productivity and cuts corporation tax, in exchange for help tackling the worst excesses of capitalism. Setting out her business strategy, the UK prime minister proposes in the Financial Times a pact with corporate Britain to work together to defend capitalism, free markets and free trade from populist […]
“I’m going to get on my soap box,” says Dan Ayoub, studio head of strategy games at 343 Industries. “I think the term ‘beta’, it’s just lost. We should just give up; we’ve lost the word.” Ayoub is definitely onto something. At risk of showing my age, I remember a time when it was safe to expect a developer to release a demo for its latest game, […]
21st November, 2016 Abu Dhabi, UAE GCAA is organising a visit of the future of UAE nationals in the Air Navigation Service provision to Sheikh Zayed Air Navigation Centre from 21st -24th November as part of its participation in the UAE innovation week, aiming to enhance the culture of innovation among UAE national students. H.E Saif Mohamed Al Suwaidi, Director General of GCAA said: “During the innovation […]
