By Muyu Xu and Ryan Woo | BEIJING BEIJING As millions in China head home to celebrate the Lunar New Year holiday with their families, 24-year-old Luoluo is busy answering messages on a mobile app from desperate men looking to hire an instant girlfriend whom they can present to mom and dad. On visits home during the holiday, which kicks off on Friday, single people are often […]
Dubai Central Laboratory (DCL) at Dubai Municipality has launched a new service to verify Halal cosmetics and personal care products. The Halal testing is being conducted with the help of the best technologies and international practices by DCL experts, state news agency WAM reported. Halal pharmaceutical and cosmetics continue to expand as awareness about ingredients rises and new product development, such as permeable nail polish, the development […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
|By Arabian Post Staff| UAE telecom revenue reached Dh31.9 billion in 2015, according to the country’s Telecommunication Regulatory Authority’s (TRA). Mobile revenue decreased 8.57 per cent to Dh23.34 billion in 2015 from Dh25.53 billion in 2014. UAE residents spent 31.49 billion minutes using mobile phones in 2015, up from 28.70 billion minutes in 2014. Mobile phone subscriber base reached 17.94 million in the UAE while fixed telephone […]
If protectionism is about to be unleashed by Donald Trump on America’s closest trading partners, foreign exchange traders are acknowledging the threat in a funny old way. On Wednesday, when Mr Trump issued an executive order to build a wall on the Mexican border, the peso rallied more than 2 per cent. Since slumping to a record low of 22.03 pesos two weeks ago, the currency has […]
By Luiza Ilie | BUCHAREST BUCHAREST The hermetically-sealed heavy steel door to the bunker of Romania’s late communist dictator Nicolae Ceausescu opens with a squeak, releasing a burst of cool air. The bunker sits two levels beneath a lavish villa in an upmarket neighbourhood in Bucharest, Ceausescu’s private residence through the 24 years he ruled Romania, one of Eastern Europe’s most repressive Cold War-era regimes. “It is […]
Caterpillar Inc (CAT.N), the world’s largest construction and equipment maker, reported a bigger fourth-quarter loss on Thursday, hurt by higher-than-expected restructuring costs. The company’s loss ballooned to $1.17 billion, or $2.00 per share, in the quarter ended Dec. 31, from $94 million, or 16 cents per share, a year earlier. Net sales fell 13.2 percent to $9.57 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Sriraj […]
As the government leans more toward deregulation under the Donald Trump administration, AT&T seems poised to close a Time Warner takeover deal. Democrats in the U.S. Senate, however, could still prove to be its undoing. Benefit To The Public Recently, 13 of them led by senators Elizabeth Warren and Bernie Sanders declared that AT&T must issue a public interest statement by Feb. 17. This has to be […]
Dozens of US exporters including GE and Boeing are squaring off against Walmart and other retailers as a radical Republican plan to tax imports divides the giants of corporate America. The rift in the business community threatens President Donald Trump’s pledge to overhaul the tax code for the first time in 30 years by undermining a blueprint that House Republicans are drafting for the White House. The […]
Communications giant Edelman on Wednesday announced the appointment of a former senior executive of the UK Prime Minister’s Office to a key role in the Middle East, based in Dubai. Robin Gordon-Farleigh has been hired as regional director for government strategies for the Middle East and will take up the role in March. Most recently he was the news planner in the UK Prime Minister’s Office where […]
Facebook Instant Articles. Snapchat Discover. Google AMP. In the last two years, publishers such as Vox Media and The Washington Post have embraced stories published on platforms that aren’t fully controlled by news organizations. These stories, deemed “distributed content,” have spawned teams of Facebook Live producers and Snapchat Discover editors at major news organizations. What they haven’t done, according to a new report, is bring in tons […]
Wikimedia Commons Apple has announced a joint venture with NV Energy to build a 200-megawattt solar plant in Nevada, furthering the firm’s goals to utilize only renewable energy sources in the future. The companies revealed the venture on Wednesday, which aims to provide enough power to cater for Apple’s energy needs in its Reno Technology Park data center. In the coming weeks, NV energy will file an […]
January 26, 2017 by: Eric Platt and Joe Rennison in New York The combination of rebounding commodity prices and hopes for faster US economic growth under Donald Trump is helping some of the riskiest corporate borrowers secure cheaper financing and underlines investors’ growing stomach for risk. An expanding list of companies with a triple-C rating — deep within speculative territory — have been able to lock in […]
Mashreq, Dubai’s third-biggest bank by assets, reported a 20.7 percent fall in fourth-quarter net profit on Wednesday, its sixth quarter in a row of falling profits, as fees and commission slipped and impairment allowances jumped. The lender made a net profit of 441 million dirhams ($120 million) in the three months to Dec. 31, it said in a statement, down from 556 million dirhams recorded for the […]
Submitted by James Durso via RealClearDefense.com, Ukraine’s government has hired Washington lobbyists to fix its problems with the Trump Administration, but would do better to fix its internal problems, instead. Ukraine’s problems are in four categories: a structural problem caused by the multiple overlapping entities involved in military strategy and procurement; the absence of a unified strategic vision for ordering equipment and supplies; a “Fifth Column” of […]
By John Miller and John Revill | ZURICH ZURICH U.S. healthcare giant Johnson & Johnson (JNJ.N) will acquire Swiss biotech company Actelion (ATLN.S) in a $30 billion all-cash deal that includes spinning off Actelion’s research and development pipeline, the companies said on Thursday. The acquisition gives J&J access to the Swiss group’s line-up of high-price, high-margin medicines for rare diseases, helping it diversify its drug portfolio as […]
Johnson & Johnson is to acquire Swiss biotechnology company Actelion for $30bn in a complex deal that will see Actelion’s founder heading a standalone spin-off research company based and listed in Switzerland. The world’s largest healthcare company is offering Actelion shareholders $280 per share in an all-cash offer — as well as shares in the new research and development company headed by Jean-Paul Clozel, the Swiss group’s […]
Photo Joy Reid Credit Stephen Voss for The New York Times A few weeks ago, you said the media should stop covering Donald Trump’s tweets in order to force him into giving a press conference. Now that we’ve seen one, did you find it useful? It wasn’t a press conference, and it wasn’t useful. It was a weird third-world pep rally. Trump could make a very fine […]
MANILA (Reuters) – The Philippines wants U.S. President Donald Trump to remove the exiled leader of Philippine communists from a U.S. terrorist list to enable him to come home for peace talks, government negotiators said on Wednesday. Maoist-led rebels have waged an insurgency against Philippine governments for nearly five decades and at least 40,000 people have been killed. But talks on ending the war have been revived […]
Agreement exchanged in presence of HH Sheikh Mohamed bin Zayed and India’s PM Narendra Modi Abu Dhabi, UAE – January 25, 2016 In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves […]
India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf OPEC country to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi’s strategic reserve system. New Delhi announced a series of pacts with the UAE ranging from defence, trade, maritime cooperation to energy after a meeting between Prime Minister Narendra Modi and Abu Dhabi’s […]
The U.S. Environmental Protection Agency’s civil-rights office has made a rare finding of discrimination, saying the Michigan Department of Environmental Quality treated African American residents of Flint unfairly during the permitting of a power plant more than two decades ago. In a letter dated Jan. 19, the last full day of the Obama administration, the EPA’s External Civil Rights Compliance Office said the evidence showed that “African […]
EBay on Wednesday posted fourth quarter financial results that met market expectations, thanks to a solid holiday season and strong growth in StubHub revenues. The e-commerce company reported non-GAAP earnings of 54 cents a share on revenue of $2.4 billion, as Wall Street was expecting. Earnings were up 8 percent year-over-year, while revenue was up 3 percent. EBay generated $620 million of operating cash flow in Q4 […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.44 per barrel at 0137 GMT, up 36 cents from their […]
