Saudi Arabia plans to borrow between $10 to $15 billion from international markets in 2017 and around 70 billion riyals from the domestic market, a senior Saudi official told Al Arabiya television channel. Mohammad al-Tuwaijri, secretary-general of the Finance Committee at the Royal Court, was speaking to Al Arabiya in an interview aired on Friday. The Saudi government borrowed $17.5 billion this year in its first international […]
By Lawrence Delevingne | NEW YORK NEW YORK When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm felt some vindication. But the possibility that each defendant might face prison terms has done little to soothe their […]
The power of a good interview to shed light on the personalities and themes driving the news agenda was demonstrated clearly in the year of tumult that has been 2016. As geopolitical shocks spread, a roll call of politicians, business leaders, celebrities and cultural figures sat down with the Financial Times to share their thoughts. In the UK, Theresa May revealed some insights into her brisk management […]
Real estate markets in the UAE witnessed contrasting trends in November with sales prices and rents up in Dubai but values falling in Abu Dhabi, according to a new report by Bayut.com. Property website Bayut said the real estate market in Dubai was buoyed last month by a spate of project launches, stirring up interest in the market but activity in Abu Dhabi was slow, resulting in […]
MOSCOW Rosneft’s (ROSN.MM) plans for next year allow it to be flexible with production volumes, Russia’s top oil producer said on Saturday, after Moscow clinched a deal with OPEC to cut production to bolster weak oil prices. State-controlled Rosneft, which accounts for over 40 percent of Russian oil production, said its board has looked into plans for 2017-2018. “The plan is formed on the basis of actual […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
So it would appear. Bit Player Turns Star Shawn Harrington was one of the bit players in “Hoop Dreams.” A sophomore point guard at Marshall who moved from the junior varsity to the varsity during that glorious 1991 tournament run, he had his own star turn a few years later. After bouncing around several colleges — during which time he both got a degree and became a […]
Kuwait’s foreign trade surplus shrank 20 percent from a year earlier to KD1.39 billion ($4.56 billion) in the third quarter of 2016, data from the Central Statistical Bureau has showed. However, the latest figure was up from KD1.2 billion reported in the previous quarter as low oil and gas prices continue to affect the local economy. Kuwait is seeking to plug a budget deficit officially projected at […]
Ekster’s smart wallet. Photo: Ekster Wallets and their contents – cash, cards, tickets, receipts etc – will eventually be replaced by smartphones that work with electronic payments system. But while those have been available for years in some countries, most men still carry traditional wallets. That being the case, there should be a market for “smart wallets” that connect to smartphones, so you can find your wallet […]
Ma’aden, QIC and Bupa Arabia are fastest growing companies in 2011-15. Nearly 90% of fastest growing companies come from Saudi Arabia and Qatar. Share prices rose for almost all the fastest growing companies. Collectively, the fastest growing companies achieved around 100% stockmarket outperformance. 22 December 2016 A landmark report released today by research group Marmore MENA Intelligence profiles 15 of the fastest growing listed […]
Qatar Airways has marked its seventh anniversary in Melbourne, Australia, by announcing plans to introduce its superjumbo A380 aircraft from the end of June 2017 to meet rising passenger demand. The 517-seater A380 aircraft will increase Qatar Airways’ current daily capacity by 44 percent on this route to meet the growing travel and trade demand, the airline said in a statement. Qatar Airways Group CEO Akbar Al […]
By Rodrigo Campos | NEW YORK NEW YORK The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely in the offing, and investors would be well advised […]
AJMAN//An arts and crafts market has proved a big hit with shoppers, with thousands of people picking up handicrafts and homemade food since it opened last month. The weekend Mosaic Market at Al Safia Park was set up to support small businesses and entrepreneurs with about 40 stalls selling everything from organic vegetables to clothes said Shaikha Al Nuaimi, corporate communication manager at the Abdulaziz bin Humaid […]
Getting $45 million in new work In the complaint, the whistleblowers said that when they originally lodged accusations of mismanagement — several years earlier — Bechtel project leaders launched a coordinated lobbying campaign to defend their work and also to collect new revenues for additional work on the waste treatment plant project. It then billed the department for the costs of this lobbying, the complaint said. In January 2010, […]
Porsche has won a key victory in its efforts to dismiss claims against the company for billions of euros of damages relating to its failed takeover of Volkswagen in 2008. Porsche Automobil Holding SE said on Friday that Germany’s federal court of justice, the country’s highest civil court, had dismissed a claim for €1.2bn brought by 19 hedge funds. When Porsche revealed in 2008 that it owned […]
A recent want ad for a job at a professional services companies had this interesting description: Photo: Joe McKendrick “Robotic Process Automation Analyst: Key responsibilities include: work with business teams to simplify and improve operations by analyzing as-is processes and create end-to-end automation solution designs… Work with process owners/SMEs and technology teams to analyse and assess automation feasibility… Document business requirements, processes and work instructions…. Operate as […]
Ajman has announced plans to invest AED600 million ($163.3 million) to improve the emirate’s sewerage system. Ajman Sewerage chairman Sheikh Rashid Bin Humaid Al Nuaimi said that by 2020 the size of the sewerage network is expected to double as a result of the investment. More than 600km of pipelines and 30 pumping stations will be added, allowing 100,000 additional citizens to benefit from the modern sewerage […]
On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]
The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company’s F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post. CEO Marillyn Hewson said she spoke with Trump on Friday afternoon and assured him that she had heard his message “loud and clear” […]
|By Arabian Post Staff|A Booz Allen Hamilton report discusses how the global retail sector is changing in the face of an unprecedented shift in customer behavior, fueled by advanced technology and wider acceptance of online shopping and ecommerce. The report titled ‘Next Generation Retailers: Power Up Your Analytics’ has found that investing in customer analytics offers exciting opportunities for the growth and development of the regional retail […]
That longstanding principle has largely collapsed since the victory by Mr. Trump, who campaigned on a strategy of breaking all the rules and has continued to speak in unmodulated tones. Continue reading the main story “In some ways, Trump is neutering the Obama administration,” said Douglas G. Brinkley, a professor of history and a presidential historian at Rice University in Houston. “They’ve avoided personally attacking each other, […]
The suspect in the Berlin Christmas market truck attack was killed in a pre-dawn shoot-out with police in a suburb of the northern Italian city of Milan on Friday, Italy’s interior minister said. “The man killed was without a shadow of doubt Anis Amri,” Marco Minniti said, referring to the 24-year-old Tunisian who is suspected of driving the truck that smashed through a Berlin market on Monday […]
Honda R&D and Waymo are in discussion over self-driving car tech. Honda is in discussion with Google’s autonomous vehicle division Waymo about integrating self-driving technology into Honda vehicles. Honda said the technical collaboration between researchers at its Honda R&D subsidiary and Waymo’s self-driving technology team would allow both companies to learn about the integration of Waymo’s fully self-driving sensors, software and computing platform into Honda vehicles. As […]
By Jeffrey Dastin | ALLENTOWN, Pa. ALLENTOWN, Pa. A cargo plane emblazoned with “Prime Air” descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season. It’s one of 40 jets leased by Amazon.com Inc for a new cargo service to meet delivery demand from the […]
