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 […]
19 November 2016 Just 10 months after its launch, insydo was named ‘Startup of the Year’ at the Arabian Business Startup Awards that took place in Westin Dubai Mina Seyahi on October 15, 2016. This ambitious homegrown startup has already built a growing fan base of over 300,000 unique visitors per month, becoming the go-to city guide and a voice of influence in Dubai with the release of its native […]
It may not get the international acclaim of Dubai or the media attention of Doha, but Ras Al Khaimah (RAK) is quietly making its mark. Famed largely for bringing the world RAK Ceramics, the northern UAE emirate is forging a serious reputation on the global business stage. Be it in tourism, free zones, property or infrastructure, everywhere you look in RAK, something new is springing up. And […]
November 19, 2016 by: Neil Hume and Tom Burgis The former Lazard banker who helped Rio Tinto secure rights to a giant iron ore deposit in Guinea was also working as an informal adviser to the country’s president and had access to “highly confidential” information. The disclosure raises the question of whether the Anglo-American mining company broke anti-corruption laws when it paid François Polge de Combret $10.5m […]
FRANKFURT Volkswagen does not expect the German government to make tax demands to cover revenue losses related to the carmaker’s diesel scandal, a company spokesman said on Saturday. In Germany, motor vehicle taxes are tied to the volume of carbon dioxide emissions, among other things. VW, Europe’s largest carmaker, has admitted using emissions-cheating software in a scandal that tarnished its image and left it facing billions of […]
Iuna Al Hashemi remains remarkably calm as she discusses the “very challenging” business year for Bahrain’s national telco, Batelco. Once a monopoly, Batelco is now facing a crowded market, with strong competition from Kuwait’s Zain and Saudi Telecom Company-owned VIVA, as well as about ten internet providers for 1.4 million residents. Current economic conditions are making it increasingly difficult to keep up margins. Batelco Group, the […]
When the UAE implements its framework for public-private partnerships, as announced earlier this month, there will be a list of potential projects up for grabs. But none is more urgent than the commuter corridor between Dubai and Sharjah. Conspicuously neglected, Al Ittihad Road is arguably the worst bottleneck in the country, if not the region. The three-lane highway is guaranteed to turn into a car park — […]
As SHTFPLan.com’s Mac Slavo notes… While the powers that be are determining the fate of alternative media voices that are now branded under the dubious label “fake news” and blacked out from online search results, it is worth keeping in mind all the disinformation and downright lies that have been perpetrated by the corporate news media – typically hand in hand with a political agenda. Whether […]
By Dan Burns and Jennifer Ablan | NEW YORK NEW YORK With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit – Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection […]
Heba bin Redha has an advantage over many other Dubai tour guides – generations of family knowledge of the city and its history . She doesn’t have to rely on dusty books or second-hand accounts for research before taking groups on walking tours of the narrow alleys of Old Dubai. Instead, the 27-year old Emirati – who recently launched her business, Kashta With Heba (Journey With Heba) […]
Facebook unveiled a share buyback scheme on Friday, saying it would repurchase up to $6bn of its stock as its investors brace themselves for slower growth next year. In a regulatory filing, Facebook said that the board had approved the buyback on Friday. It will begin in the first quarter of 2017 but the scheme has no set expiration, leaving Facebook the flexibility to be opportunistic if […]
19 November 2016 • 46 Emirati enterprises from diverse sectors among beneficiaries• “Our goal is to boost SME productivity and sustainability,“ says Abdul Baset Al Janahi• Dubai Holding CEO: We are aligned with the government’s agenda to develop the SME sector, and committed to supporting Emirati entrepreneurs Dubai, 19 November 2016: Members of Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and […]
By Rosalba O’Brien and Mitra Taj | LIMA LIMA Leaders of Pacific rim nations scrambled to find new free-trade options on Friday as a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP). After lower-level meetings, U.S. President Barack Obama, Chinese President Xi Jinping, and Russian President Vladimir Putin were due to arrive at the Asia-Pacific Economic Cooperation […]
Greencore, Britain’s biggest sandwich maker, has been planning to “deepen its leadership of food-to-go”. As Lucy Kellaway has pointed out, sandwiches don’t need leadership (they need fillings) but this week Greencore deepened its leadership by paying $747m for Peacock, a US sarnie supplier. The deal went down like a fresh BLT and the shares rose at the sight of food-to-go leadership in action. Despite the grisly record […]
For the South Koreans who are binge-viewing all six seasons of Game of Thrones on HBO Asia, the rise, and now anticipated fall, of their 11th president will be familiar territory. There are obvious parallels between South Korea’s fragile co-existence with its unpredictable neighbour and the geopolitics of George RR Martin’s fantasy world, in which the dark forces in the north are held at bay by a […]
Pacific Rim leaders pledged on Friday to resist a new wave of protectionism as US President-elect Donald Trump loomed large over the opening of the 21-country Asia-Pacific Economic Co-operation summit. Mr Trump’s surprise victory in this month’s US presidential election has upended the Obama administration’s plans for a Trans-Pacific Partnership with Japan and 10 other countries and opened the door to Chinese rivals. It has also raised […]
By Lewis Krauskopf | NEW YORK NEW YORK Arguing over politics is a Thanksgiving Day tradition, but Donald Trump’s presidential election adds a new twist to any bickering at next week’s holiday dinner table: What the new U.S. government could mean for your stock portfolio. Trump’s shock victory last Tuesday sent investors scrambling to change bets predicated on a win by Hillary Clinton, leading to huge stock […]
Donald Trump has begun putting together his transition team and naming the cabinet members who will come to power in Washington after the inauguration on January 20. Follow the FT’s guide to the main players he has already picked — and the positions yet to be filled — here. Trump’s choices: MIKE PENCE Vice-president © AFP Mike Pence, the Indiana governor and former congressman, was picked as Donald […]
By Patrick Rucker | WASHINGTON WASHINGTON A leading U.S. bank regulator on Friday reversed course and positions the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal. The lender must also now seek prior approval before naming new bank leadership, said the Office of the Comptroller of the Currency, the main regulator for federal banks. Friday’s move puts executive […]
19 November 2016 Kuwait City, Kuwait: Ooredoo, the fastest network in Kuwait in 2016, is proudly partnering with Murouj to bring to you Murouj Market, a monthly weekend market for local entrepreneurs and businesses. The market, which is held in Murouj Complex, includes local farm produce, artisanal food products and crafts, with a ‘street food’ section aimed at highlighting the culinary diversity of Kuwait’s local food community. […]
A small shopping centre close to my home with a grocery, dry cleaners, shawarma restaurant and stationers recently shut down. The businesses have been forced to re-locate to the building will soon be demolished. I don’t know the reasons but have experienced the impact – disappointment and sadness amongst area residents that a valued community hub has disappeared. Al Badia Golf Club is closing with 420 members […]
Submitted by Eric Peters via EricPetersAutos.com, It is good that Hillary lost – obviously. But it may prove to be the worst thing that could have happened. Depending on what Trump does as president. If he governs as a Republican, it is time to pack bags. Because the clock is ticking. We will have – at best – four years before something far worse than Hillary returns, […]
