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The Central Bank of Bahrain (CBB) could be allowed to ban the charging of additional fees on the transactions of credit card users. The parliament will discuss introducing the new draft law during its weekly session on Tuesday, reported Gulf Daily News. The law would authorise the bank to implement regulations that protect customers of financial institutions. In October 2015, the UAE’s Ministry of Economy also proposed […]

FRANKFURT Deutsche Bank has cleared its chairman of accusations by shareholders that he was partly to blame for the bank’s poor cooperation with authorities over alleged rate-rigging, daily Sueddeutsche Zeitung has cited financial sources as saying. Last year, Deutsche Bank agreed to settle a case over the alleged manipulation of interbank rates such as Libor for a record $2.5 billion with U.S. and British authorities, which had […]

ABU DHABI // Nepalese expatriates are worried that friends and family at home are being caught up in the currency crisis engulfing India. India and Nepal share a border and travel between them is free and easy, meaning many Nepalis who earn or accept Indian rupees are struggling to exchange their 500 and 1,000 notes since the bills were withdrawn on November 8. “We don’t have big […]

England’s Matthew Fitzpatrick sank a knee-knocking birdie putt from four feet on the final hole to seal the DP World Tour Championship on Sunday in a dramatic conclusion. The $1.33 million first prize for the season-ending tournament in Dubai meant the 22-year-old from Sheffield, who carded a five-under-par 67 to finish the tournament 17-under, roughly doubled the amount he had won combined from his other 25 events […]

Everywhere you look these days, it seems someone is talking about innovation. Whether at work or at home, when travelling, shopping or ordering a taxi, innovation is making our lives easier, reducing our impact on the environment and saving us money. As a result, it has become a career buzzword and young people across the region increasingly want to get involved and make an impact on their […]

By David Henry | NEW YORK NEW YORK JPMorgan Chase & Co is once again facing questions about who will succeed its larger-than-life chief executive after Jamie Dimon was courted by the incoming U.S. president for the role of Treasury secretary. Dimon, 60, has been running the largest U.S. bank for more than a decade and has faced questions about his longevity in the role before: when […]

European Tour’s Billy is back with his biggest little interview yet. Source link

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Regional experts meet to discuss holistic approach to atrial fibrillation from diagnosis to treatment United Arab Emirates, Dubai – 20th November 2016 Boehringer Ingelheim and Medtronic have collaborated recently to develop a holistic approach to Atrial Fibrillation (AF) treatment solutions. Both Boehringer Ingelheim and Medtronic organized a two-day program which integrated both current evidence and clinical practice. The program, which has been certified and accredited by the […]

Photo Andre Ward, left, improved to 31-0 and dealt Sergey Kovalev his first defeat in 32 fights as a professional. Credit Al Bello/Getty Images LAS VEGAS — A few days before Andre Ward and Sergey Kovalev stepped into a boxing ring here to battle it out for light heavyweight supremacy, Kovalev’s promoter said that this would be the super fight that everyone wanted between Floyd Mayweather Jr. […]

By Tetsushi Kajimoto and Cynthia Kim | TOKYO/SEOUL TOKYO/SEOUL Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump’s fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds. China, Japan, South Korea and Taiwan are already on the U.S. Treasury’s monitoring list, along with Germany and Switzerland, having met […]

A Saudi-led military coalition will start a 48 hour ceasefire in Yemen’s war at 1pm (0900 GMT) on Saturday, the official Saudi Press Agency (SPA) reported. The truce will be extended if Yemen’s Houthi movement shows commitment to it and if the group allows humanitarian aid into areas under siege, the news agency reported. The coalition has been fighting Houthi rebels and forces loyal to former president […]

India’s government is taking a hardline stance over renewing a trade deal with the Netherlands just days before it expires, which European officials warn could undermine business ties with the rest of the EU. The bilateral investment treaty between the two countries will end on November 30 — the first in a succession of such agreements that New Delhi has decided to terminate as it looks for more […]

RIYADH, SAUDI ARABIA : 20 November 2016  Thomson Reuters announced today that it was selected as benchmark administrator and calculation agent for the Saudi Arabian Interbank Offer Rate (SAIBOR). The appointment is part of an agreement with the Saudi Arabian banking industry. The arrangement is authorised by the Saudi Arabian Monetary Authority (SAMA), as part of its regulatory mandate over the banking sector, where this initiative will […]

|By Arabian Post Staff| Donald Trump may not go the full course on his threat to stop imports of crude oil from Saudi Arabia, which he had threatened during the election campaign, analysts say. “We protect countries, and take tremendous monetary hits protecting countries,” Trump said in an interview cited by Reuters. “We lose, monetarily, everywhere. And yet, without us, Saudi Arabia wouldn’t exist for very long.” Trump […]

By Samuel Shen and John Ruwitch | SHANGHAI SHANGHAI Scores of Hong Kong-listed companies – many small – are on a roadshow blitz in China to whet the appetite of mainland investors ahead of the launch of a cross-border investment link between Shenzhen and Hong Kong. Mainland investors are enthusiastic, viewing the cross-border channel as a way to buy relatively cheap growth companies and hedge against a […]

Arabian Travel Market will host the first ATM Global Halal Tourism summit as part of its line-up of special focus events, the organsiers have announced. Reed Travel Exhibitions, organiser of the annual Arabian Travel Market (ATM) in Dubai said the summit will feature experts from the Muslim travel world to discuss growth opportunities and positive economic impact. The summit, which is scheduled to take place on Wednesday […]

Sixteen businesses in the capital are gearing up to prove they have the fittest employees, as part of the inaugural Abu Dhabi Dash relay challenge on Tuesday.  The competition, organised by Interact and the Abu Dhabi Sports Council, features 10 teams of white-collar workers, who will run 15 kilometres at Zayed Sports City on Tuesday from 6.30pm. The teams feature a mix of nationalities and fitness levels, and […]

Mitt Romney, a former governor of Massachusetts and staunch critic of Donald Trump during the recent presidential campaign, left the clubhouse at Mr Trump’s New Jersey golf course with no announcement about whether he will join the new administration. Donald Trump is holding meetings with prospective members of his administration at his golf club in Bedminster, New Jersey this weekend. Mitt Romney, the Republican nominee for president […]

The UAE has joined France and the Netherlands in the list of top three countries with the fastest growing group of happiness professionals in the world, a LinkedIn survey said. In the UAE alone, the number of happiness officers in public and private sector have doubled since 2015, it added. In February 2016, Ohood Al Roumi was named as the first UAE’s Minister of Happiness in February […]

By David Shepardson | WASHINGTON WASHINGTON Ford Motor Co (F.N), one of Donald Trump’s prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky. Trump jumped at the chance, claiming in a tweet that he had “worked hard” with Ford […]

19 November 2016 Doha, Qatar: Commercial Bank, Qatar’s first private bank, is proud to announce it has won the “Best Cash Management Bank in Qatar” award at The Asian Banker Middle East & Africa Transaction Banking Awards 2016, held in Dubai. The Asian Banker is an authoritative provider of strategic business intelligence to the Asian financial services community. Judged by an international board of advisors, applicants were […]

Chinese president Xi Jinping vowed on Saturday to open the door even wider to foreign business and play an even greater role in the process of globalisation as Beijing moved to take advantage of Donald Trump’s election and fears that he may herald a new era of US disengagement from Asia. Speaking to business leaders on the sidelines of a 21-country Asia-Pacific Economic Cooperation summit in Peru, […]

The US State Department has notified Congress of the possible sale of F-15QA aircraft to Qatar for $21.1 billion and F/A-18E/F aircraft to Kuwait for $10.1 billion, the U.S. Defense Security Cooperation Agency said in a statement. Qatar asked to purchase 72 of the fighter aircraft with weapons and related support, the statement said. Kuwait has requested to buy 40 F/A-18E and F/A-18F aircraft and related equipment, […]

By Mitra Taj and Caroline Stauffer | LIMA LIMA Chinese President Xi Jinping pledged on Saturday to further open the world’s second-largest economy as leaders of Asia-Pacific countries gathered in Peru to find new free-trade options after Donald Trump was s elected U.S. president on a protectionist platform. The annual APEC summit got under way in Lima just over a week after Trump’s surprise victory dashed hopes […]

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