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JERUSALEM — An Israeli ministerial committee on Sunday approved a contentious bill that would allow for the retroactive legalization of Jewish settlement outposts built on privately owned Palestinian land in the occupied West Bank. The measure breaks a longstanding taboo, and in the view of many experts, it defies international law. The bill requires approval by Parliament before becoming law. Prime Minister Benjamin Netanyahu opposed its advancement […]

Abu Dhabi, November 14, 2016:  Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters announced today the winners of the 4th edition of the Ethical Finance Innovation and Challenge Awards (EFICA). Tirad Al Mahmoud, Chief Executive Officer of Abu Dhabi Islamic Bank (ADIB) presented The EFICA Lifetime Achievement Award to the former governor of Malaysia’s Central Bank, Dr Zeti Akhtar Aziz for her pivotal role in developing the […]

Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump as US president, which boosted hopes for more consumption in the western world. The promise of a big infrastructure programme in the US, following a decade of reliance on China, has driven the market to reassess the outlook for copper and other industrial metals such as […]

By Jessica DiNapoli | NEW YORK NEW YORK American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. The second bankruptcy comes as the retailer struggles to overcome years of losses and rising online competition. The company became a part of popular culture for […]

The election of Donald Trump represents a “tectonic shift” for global economics and politics, and will help kill the three-decade bond market rally, according to Henry Kaufman, the original “Dr Doom”. The former Salomon Brothers chief economist gained his gloomy moniker by correctly calling the last bond bear market in the 1970s, and is now predicting another one, as Mr Trump will probably fire a massive slug […]

It may sound like science fiction, but wastewater treatment plants across the United States may one day turn ordinary sewage into biocrude oil, thanks to new research. The technology, hydrothermal liquefaction, mimics the geological conditions Earth uses to create crude oil, using high pressure and temperature to achieve in minutes something that takes Mother Nature millions of years. Source

Dubai, UAE – November  14, 2016 Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, today announced the successful closing of US.$145 million fund raising for “Apttus”, a Silicon valley based company delivering Enterprise Class, Software-as-a-Service (Saas) Solutions to complete the Quote-to-Cash customer process and the Procure-to-Pay supplier process. This is the fourth company out of Silicon Valley for which GII has raised funds […]

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SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]

newslide Abu Dhabi Choral revue Attend the opening-night performance of ADCG: It Lives In You. Abu Dhabi Choral Group presents an autumn revue celebrating 40 years of entertaining audiences in the city, which includes musical memories from previous shows the group has staged, including South Pacific, Beauty and the Beast, and songs that celebrate musical theatre. • Tonight, Thursday and Friday, 7.30pm, from Dh90, Abu Dhabi Folklore […]

By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]

Investors are betting on a new era of improved US-Russian relations following Donald Trump’s victory in the US presidential election — anticipating that a possible easing of economic sanctions and a reduced risk of capital flight will make the rouble more robust than other emerging market currencies. At the end of last week, the rouble escaped the worst of a brutal sell-off in emerging market currencies that […]

The marketing tag line that accompanies Dream Catcher’s press blurb is “raggle taggle folk”. This is a fair description, but a more fitting slogan for the band – who this week make their live debut in Abu Dhabi and Dubai – might be “big in Luxembourg”. That is the home country (population: 543,000) of the band – the long-standing solo project of veteran songwriter John Rech – […]

MILAN The board of Banca Monte dei Paschi di Siena (BMPS.MI) will meet on Monday to set the terms for a bond-to-equity conversion that is part of the lender’s capital boosting plans, a source familiar with the matter said on Sunday. Italy’s third-biggest bank is planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion […]

Photo Speaker of the House Paul Ryan showing the president-elect, Donald Trump, and his wife, Melania, the speaker’s balcony at the United States Capitol on Nov. 10. Credit Zach Gibson/Getty Images The president-elect walked onto the stage before a crowd of euphoric supporters. It was his first public sighting since the networks called the election for him. Gone were his hoarse pleadings for support. His face bore […]

newslide Stan Lee’s company launches new Indian superhero Comic book legend Stan Lee’s POW! Entertainment and Graphic India, an entertainment company, have come out with Mighty Girl, a new female superhero for India. The new Chakra The Invincible and Mighty Girl comics were unveiled on Saturday at the Bengaluru Comic Con. The comic was also done in collaboration with Unicef’s ‘World’s Largest Lesson’ initiative, supported by GEMS […]

By Patrick Rucker and Lisa Lambert | WASHINGTON WASHINGTON U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing […]

Peter Thiel, the billionaire who became Donald Trump’s most prominent backer in Silicon Valley, made a critical distinction last week. He complained that the media tended to take the man literally, but not seriously. Now that Mr Trump is the president-elect of the US, everyone takes him seriously. And hence it becomes vital to work out whether we should take what he has been saying literally. After […]

Photo Members of the Iraqi police tried to pull a body from a mass grave discovered in Hamam al-Alil on Monday. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images GENEVA — Islamic State militants have summarily killed scores of civilians in the Iraqi city of Mosul in recent days, sometimes using children as executioners, and have used chemical agents against Iraqi and Kurdish troops, United Nations officials said […]

Riyadh, Saudi Arabia; November 10, 2016  Consumer confidence in Kingdom of Saudi Arabia (KSA) falls at the optimism baseline as the index decreased by four points from the previous quarter, according to the latest consumer confidence report from Nielsen. The Nielsen Global Survey of Consumer Confidence and Spending Intentions recorded a Consumer Confidence Index of 100 for KSA in Q3 2016, down from 104 in Q2 2016. […]

Nearly 25 years after they first conquered the White House and captured the commanding heights of the Democratic party, the Clinton family crashed to earth on Wednesday, shattering the ambitions of Hillary Clinton and her clan of fiercely loyal operatives. But as they come to terms with their rout some Democrats see a glimmer of hope, and a badly needed chance to rebuild a party that can […]

Alia Khalifa Al Nabooda strikes a real balance – she’s an entrepreneur and mother-of-four, who puts in the time to be successful at both. Last year, the 32-year-old co-founded VoucherSkout, a 50 per cent discount app for services across the UAE. “We’ve had our struggles, like any start-up business. Things haven’t gone exactly to plan, but now that we’ve launched, we can see the fruits of our […]

By William Schomberg | LONDON LONDON Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade […]

Here are the key questions we are asking at FT Markets ahead of the first full week’s trading after the US election — with the overarching theme being the repositioning across portfolios for president-elect Donald Trump’s transition into power. Emerging markets — remission, or further pain? The prospect of a faster-growing US economy is usually good news for emerging markets. When it comes with the risk of […]

Photo An Egyptian street vendor in Cairo on Friday. The country is struggling with soaring inflation and shortages of staple foods. Credit Amr Nabil/Associated Press CAIRO — The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages […]

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