|By Arabian Post Staff| China Construction Bank today marked the listing of a $600 million bond on Nasdaq Dubai under the bank’s six billion US dollar Medium Term Note Programme. Yuan Shengrui, Senior Executive Officer of the DIFC branch of China Construction Bank (CCB), rang the market-opening bell to celebrate the listing. CCB is one of China’s most prominent banks with a market capitalisation of 173.3 billion […]
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 […]
Friday 19:30 GMT. US and European stocks gave back some of their post-US election gains, the dollar continued to rally and commodity prices were in retreat as participants looked back over a truly remarkable week for global markets. A rapid flight to safety followed the shock news that Donald Trump would be the next president of the US, with S&P 500 futures and Asian stock market indices […]
The post-election rally that has reshaped global financial markets cooled off Friday, at the end of a week in which investors quickly adjusted to a president-elect who has promised to step up government spending and slash business regulation. The S&P 500 dipped 0.1 per cent on Friday in New York, while the Eurofirst 300 fell 0.6 per cent, paring back this week’s gains. The rapid change in […]
Mass resignations follow any transfer of presidential power across party lines, but Trump’s ascension to power — built in part on his “Drain the Swamp” campaign slogan — seems certain to provoke an exodus by those who have attached themselves to the Obama administration’s big foreign policy goals. Among them: last year’s international global climate change agreement; the controversial U.N.-backed deal to obstruct Iran’s acquisition of a […]
ABU DHABI, UAE 13 November 2016 Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has awarded the early works contract for the first phase of Mayan, a luxury residential development located on Yas Island, to Dutch Foundation & Concrete Rehabilitation Company WLL. The AED 30 million contract provides for shoring, piling and earthworks for Mayan’s 512 luxury apartments which are spread […]
13 November 2016 Highlights Phase 1 of Dubai Parks and Resorts opened to paying visitors Phase 2 of Dubai Parks and Resorts on track with Six Flags Dubai due to open late 2019 Rebranding to DXB Entertainments completed Advertisement Raed Kajoor Al Nuaimi, Chief Executive Officer, DXB Entertainments, said, “The opening of LEGOLAND® Dubai and Riverland™ Dubai on 31 October to the public, was a great day for […]
ABU DHABI // More than 400 prominent international and regional decision-makers, politicians, and academics are set to converge on the Third Abu Dhabi Strategic Debate, ADSD, on November 13-14 at Emirates Palace, Abu Dhabi. The event is being organised by the Emirates Policy Centre (EPC), in co-operation with the UAE’s Ministry of Foreign Affairs and International Cooperation, and the Atlantic Council. The timing of the 2016 ADSD […]
Looking for something to do today? Why not get tickets for RedFest DXB or check out a photography exhibition in Dubai? Check out our full list of events and activities: Nationwide New movie Catch a screening of the South Korean historical war drama Operation Chromite. During the Korean War, General Douglas MacArthur (Liam Neeson), sends eight members of the Korean Liaison Office on a secret mission to […]
If you own the Sony Xperia X Performance smartphone — which hit U.S. shelves in July — you would be pleased to learn that the handset is now receiving a software update that fixes the niggling accelerometer issue. As promised, Sony has now pushed out a software update which resolves the accelerometer issue. Some handset owners were also facing issues with the responsiveness of the screen rotation functionality, the […]
DUBAI // About 2,300 children from 30 countries – including 900 youngsters from the emirates – took part in a mental arithmetic challenge on Friday at Hamdan Sports Complex in Dubai. The UCMAS International and 13th National Abacus and Mental Arithmetic Competition was the first time the competition was held in the Middle East, demanding all sorts of mental gymnastics from children as young as four. Universal […]
By Sumanta Dey | BENGALURU BENGALURU After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end. Trump’s victory poses a major challenge to the conventional wisdom on the global economy, which for years has relied on […]
Donald Trump has appointed Mike Pence, his running mate, to head his transition team as he prepares to start naming people to fill top posts in his administration. Mr Trump also appointed four members of his family, including his daughter Ivanka and her husband Jared Kushner, along with the financiers Anthony Scaramucci and Steven Mnuchin. The team will also include Stephen Bannon, his campaign chief executive, Reince […]
ABU DHABI // Thousands of people marked the 10th Abu Dhabi Walk on its return to Yas Marina Circuit by putting on their training shoes and stepping out to raise awareness of diabetes. Last year, more than 21,000 took part. At Walk 2016, friends and family got together while mothers pushed prams to kickstart a healthier lifestyle and help reverse a long-term diabetes trend in the UAE. […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. 3D Robotics – an early drone startup that raised more than$125 million from investors – has seen its consumer business all but crash. This week, it unveiled a new commercial strategy, announcing […]
Stuck for things to do today? Why not head to a festival at Yas Marina or visit an art exhibition in Dubai? Click through the full list to check out some ideas: newslide Abu Dhabi Cultural festival Head to Yas Marina for Pick N Mix – Boho Spirit, an event that lets visitors pick among activities and experiences based on this month’s lifestyle theme “wild at heart, […]
The EU is ready to use punitive anti-dumping tariffs on imports — such as steel — after a UK-led blocking minority of countries opposed to the reforms collapsed. Britain had been part of an alliance set on scuppering the plan as unnecessary and protectionist. But on Friday the Netherlands and Austria indicated that they would throw their weight behind the proposal, leaving the UK likely to be outnumbered when […]
SHARJAH // At Sharjah’s annual stamp exhibition, hobbyists and traders gather to show off their collections, but it is not just stamps on show – old coins and notes also change hands. The 6th annual exhibition is in full swing at Sharjah Mega Mall, where more than 240 stamp lovers, or philatelists, are displaying their collections. They gave come from across the country, the GCC and from […]
Just like the bulk of political pundits and mainstream media commentators, opportunistic internet entrepreneurs were caught off guard by the shock result of Tuesday’s United States presidential election. The day after Donald Trump became the 45th president of the United States it was still possible to find “Don’t blame me, I voted for Trump” T-shirts and hoodies online. But the full story of the shock sustained by […]
Looking for something to do today? Why not head over to Party in the Park to watch the Kaiser Chiefs and Travis or check out a photography exhibition in Abu Dhabi? Check out our full list of events and activities: newslide Abu Dhabi Fitness walk Take part in Walk 2016, the latest edition of the annual diabetes awareness walkathon hosted by the UAE’s Imperial College London Diabetes […]
LOS ANGELES // Leonard Cohen, the baritone-voiced Canadian singer-songwriter who seamlessly blended spirituality and human relationships in songs like Hallelujah, Suzanne and Bird on a Wire, has died at age 82, his son said Thursday. “My father passed away peacefully at his home in Los Angeles,” Adam Cohen said in a statement. “He was writing up until his last moments with his unique brand of humour.” Cohen, […]
Staples is looking to cash in on some Black Friday 2016, and it aims to do that with some smashing deals. Folks who are looking to pick up a new Surface laptop and or other Windows 10 devices should be pleased by what Staples is offering. We know of what Staples is planning because of a recently leaked advertisement. From what we can tell, these deals are more […]
UAE. In the GCC, healthcare, industrials & materials and financial services have recorded the largest fluctuations in mergers and acquisitions (M&A) activity, despite the gradual decline witnessed by the industry since 2014. According to research published today in The Boston Consulting Group’s (BCG) 2016 M&A Report, Masters of the Corporate Portfolio, companies that regularly acquire and divest businesses as part of their corporate strategy consistently outperform less […]
UAE. Middle East businesses embracing digital transformations in order to gain business advantage and drive innovation are being warned to place digital trust and cyber security at the heart of such change. The advice has been issued by two new senior experts in IT, digital transformation and cyber security appointed by PA Consulting Group Middle East and North Africa as part of an aggressive recruitment phase to […]
