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UAE outlines Dh200 billion energy investment at ADIPEC // ADNOC authorises Ruwais Diyab gas development for 2029 // ONYX Hospitality Group Expands Strategic Partnerships through ONYX Rewards // Altman ranks UAE ahead on artificial intelligence adoption // ADIPEC leaders urge investment in global energy networks // CPI, CPM dispute portrayal of Vayalar uprising leaders // xCube Access Welcomes Entrust Capital Limited  Expanding Access to Professional Portfolio Management // mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // Wired earphones regain buyers as 2016 nostalgia spreads // Bank99 launches business accounts through Austrian postal network // AI trust gap reveals distinct retail priorities: Divergent paths to consumer growth in Hong Kong and the GBA // Bridge Data Centres Appoints New Co-Chief Executive Officer // DIP Holding targets Dh1.12 IPO price and $529m proceeds // Use Of Nuclear Weapons Against Iran Could Trigger A Global Chain Reaction // Binance SAFU bitcoin holdings halve after security breach // ChatGPT billing fraud deploys rotating sites for card theft // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // Apollo broadens Abu Dhabi partnership through Mubadala Capital stake // Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // XTransfer and Bank of China (Hong Kong) Announce Partnership at Hong Kong FinTech Week //

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By Joe Kirwin The European Parliament’s special Panama Papers investigative committee concluded its four-day “fact-finding” visit to the U.S. with its chairman calling on the U.S. to close its tax loopholes. In a March 24 telephone interview at the conclusion of the U.S. visit, the committee‘s chairman, German lawmaker Werner Langen, told Bloomberg BNA that EU members “have made appeals to the U.S. federal government and Delaware […]

By Yashaswini Swamynathan U.S. stocks were well off session lows on Monday as investors sought bargains after a rough start on Wall Street following the defeat of President Donald Trump’s first major legislative action. Republicans were forced to pull a healthcare bill on Friday after failing to gather the votes needed in Congress to repeal and replace the Affordable Care Act also called Obamacare. The bill’s failure […]

March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]

Photo American-led coalition instructors training Iraqi soldiers at a military base south of Baghdad in January. Credit Thaier Al-Sudani/Reuters WASHINGTON — The United States is sending more than 200 additional soldiers to Iraq to support the Iraqi military’s push to retake western Mosul from the Islamic State, military officials said on Monday. The deployment includes two Army infantry companies and one platoon equipped to clear away roadside […]

By Matt Spetalnick | WASHINGTON WASHINGTON Israeli Prime Minister Benjamin Netanyahu said on Monday he was committed to working with U.S. President Donald Trump to advance peace efforts with the Palestinians and with the broader Arab world. Netanyahu made the pledge in a speech to the largest U.S. pro-Israel lobbying group at a time when the Trump administration is seeking agreement with his right-wing government on limiting […]

WASHINGTON The Senate Intelligence Committee is seeking to interview President Donald Trump’s son-in-law, Jared Kushner, as part of its investigation into ties between Trump associates and Russian officials, a congressional official said on Monday. The official, speaking on condition of anonymity, confirmed a New York Times report that the panel wants to question Kushner. The official said the committee will make an announcement later in the day. […]

President Trump is reportedly creating a new position for his son-in-law and senior adviser Jared Kushner. The newly formed White House Office of American Innovation will leverage business ideas and potentially privatize some government functions, according to Reuters, as Kushner says: “The government should be run like a great American company. Our hope is that we can achieve successes and efficiencies for our customers, who are the […]

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Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So when President Trump raised the white flag on Obamacare Friday, did he pick up the phone and gave the exclusive to Breitbart, The Daily Caller or LifeZette? Nope. He called reporters at The Washington Post and The New York […]

Defendants may find themselves taken into custody if they travel abroad. Their assets could be seized in other countries. Continue reading the main story “It starts a process of accountability,” said Stephen J. Rapp, former United States ambassador at large for the Office of Global Criminal Justice and now a nonresident fellow at The Hague Institute for Global Justice, who helped to file the case. “We could […]

The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]

Following a car accident involving one of its self-driving cars, Uber is officially pulling out its autonomous testing program in Arizona, in addition to pausing its Pittsburgh test bed. This is the latest for a company currently facing a diverse set of controversies: from workplace sexism to Kalanick’s perceived lack of leadership to pressing accounts of its noxious office culture. Uber’s Self-Driving Car Crashes In a photo first […]

In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]

A couple of weeks ago we wrote several notes about German Chancellor Angela Merkel’s painfully awkward visit to the White House.  After meeting in private, the pair sat down in the oval office for a brief press conference where you could cut the tension with a knife.  At one point someone from the media asked for a handshake but the request was promptly ignored. “Can we get […]

As the March 29 official announcement of the Samsung Galaxy S8 and Galaxy S8 Plus draw near, leaks regarding the upcoming smartphones have been filling up the rumor mill. While recent reports have left almost nothing to the imagination regarding the Galaxy S8 and Galaxy S8 Plus, the most recent leak has spoiled all the official details regarding the devices, along with the official press images that […]

Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]

WASHINGTON President Donald Trump will sign an order on Tuesday aimed at making it easier for companies to produce energy in the United States, administration officials said on Sunday. Under Trump, the U.S. Environmental Protection Agency is aiming to aggressively roll back Obama-era environmental regulations. Trump plans to sign the executive order at the EPA to reduce “unnecessary regulatory obstacles that restrict the responsible use of domestic […]

Last week saw the largest drop in aggregate Treasury short positions since Brexit. Ironicaly, while bond bears felt the squeeze, traders piled into Eurodollar shorts (increased rate-hike bets) sending the short-end’s positioning to record highs. Across the entire Treasury bond futures complex, shorts covered over 200,000 10-year-equivalent contracts (around $20 billion notional), but as is clear below, the net short – while the smallest since December 2nd […]

By Jessica Toonkel and Jennifer Ablan U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. S&P 500 e-mini futures ESv1 were down over 0.65 percent, shortly after electronic trading resumed on Sunday evening. Volume of more than […]

California is taking matters into their own hands when they voted Friday to keep their stricter auto emission standards despite the Trump administration’s loose hold on the matter. Thanks to the state’s longstanding waiver under the Clean Air Act, California has made their boldest move yet in their resistance to Trump’s policies. ‘Assault On The American Auto Industry’ Just last week, the president vowed to loosen the regulations […]

By Doina Chiacu | WASHINGTON WASHINGTON Roger Stone, a longtime ally of President Donald Trump, said on Sunday he has offered to testify before a congressional committee investigating possible Russian meddling in the 2016 presidential election and ties to the Trump campaign. Stone, an informal adviser to Trump, told ABC’s “This Week” he had not received a reply from the House of Representatives intelligence committee on his […]

Following President Trump’s clarifying tweet yesterday that “Obamacare will explode” on its own… ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) March 25, 2017 It is becoming increasingly clear that, even without the ‘repeal’, the Trump administration has already begun using its regulatory authority to water down less […]

By Lindsay Dunsmuir and Doina Chiacu | WASHINGTON WASHINGTON Fresh off a defeat on U.S. healthcare legislation, the White House warned rebellious conservative lawmakers that they should get behind President Donald Trump’s agenda or he may opt to bypass them on future legislative fights, including tax reform. Both Trump and White House chief of staff Reince Priebus scolded hardline conservatives who rejected legislation backed by the White […]

Hours before the Republicans’ healthcare overhaul was defeated on Friday, the US Treasury secretary was sounding an upbeat note about another element of President Donald Trump’s agenda — tax reform. Healthcare is complicated, Steven Mnuchin declared at an event in a Washington art gallery. Tax reform, he said, is much more straightforward.  That bold assertion will be tested sooner than expected, as Mr Trump has signalled he […]

WASHINGTON U.S. House of Representative Ways and Means Committee Chairman Kevin Brady said he aims to move a tax reform bill through his committee this spring. Brady told Fox News’s “Sunday Morning Futures with Maria Bartiromo” that his committee had been working on tax reform in parallel with the failed healthcare reform push. “We’ve never stopped working,” Brady said. “We will continue to make improvements. We are […]

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DIP Holding targets Dh1.12 IPO price and $529m proceeds // Winners and losers if a blue wave sweeps US Congress // Bank99 launches business accounts through Austrian postal network // Apollo broadens Abu Dhabi partnership through Mubadala Capital stake // Probe ordered into new bar licences // ChatGPT billing fraud deploys rotating sites for card theft // Assembly ruckus trial begins after 11 years // Binance SAFU bitcoin holdings halve after security breach // UAE outlines Dh200 billion energy investment at ADIPEC // XTransfer and Bank of China (Hong Kong) Announce Partnership at Hong Kong FinTech Week // Democrats secure Senate majority after Republican election losses // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // America On Edge: November 3 Mid Term Polls Outcome May Weaken Trump // Wired earphones regain buyers as 2016 nostalgia spreads // Can Bernie Sanders Ensure Enough Left Representation In New Congress? // Varsity jobs face quota questions // ONYX Hospitality Group Expands Strategic Partnerships through ONYX Rewards // ADIPEC leaders urge investment in global energy networks // CPI, CPM dispute portrayal of Vayalar uprising leaders // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium //