The first ferry connection between Qatar and Bahrain will launch by the middle of next year, according to a report. Doha News quoted an industry source as saying that the new service, operated by Qatari firm Gulf Ferry, will have two return trips a day from Al Ruwais port in northern Qatar to Khalifa bin Salman port in Manama. The report said the service will take commercial […]
Photo Donald Trump at a rally against the Iran deal in Washington last year. He vowed during his campaign to renegotiate or renounce the agreement. Credit Doug Mills/The New York Times Seventy-six national security experts urged President-elect Donald J. Trump on Monday to reverse his hostility to the nuclear agreement signed with Iran last year and to use it as a tool to ease other tensions with […]
There are few things like a bull market to turn an investor’s head. Just look at China. Having slumped almost 50 per cent from its peak last June to a low in early January, the benchmark CSI 300 Index is now up 20 per cent. The memory-erasing qualities of this year’s rally in Shanghai will soon be given a real test as a trading link between Hong […]
SINGAPORE Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. U.S. crude futures for December delivery CLc1 had climbed 90 cents, or 2.1 percent, to $44.22 a barrel by 0340 GMT. They struck their lowest in nearly two months […]
Bank of Sharjah is considering issuing a $500 million conventional bond in 2017 for general corporate purposes, banking sources have told Reuters. The Abu Dhabi-listed lender gained shareholder approval earlier this year to issue bonds worth up to $1.5 billion. It issued its first international bond of $500 million in 2015. The bank chose JP Morgan and National Bank of Abu Dhabi as joint coordinators for the […]
A joint venture between the UAE and Singapore plans to invest $120 million in Abu Dhabi’s industrial zone to manufacture aluminium rolled products, the company said on Monday. The United Arab Emirates is investing billions of dollars in industry, tourism and infrastructure as it diversifies its economy away from oil. Emirates Aluminium Rolling (Emiroll), a joint venture between Dubal Holding, Dubai Investment Industries (a subsidiary of Dubai […]
Dubai – 14 November 2016 GFH Capital, a subsidiary of Bahrain based GFH Financial Group, today announced an investment in AMA Group for its growing operations in the Kingdom of Bahrain and beyond. The investment will be in the form of a Shari’a compliant convertible Murabaha facility. The AMA Group manages the largest network of educational institutions across Asia. The AMA Group also has various other business […]
New London office construction activity has fallen 42 per cent from a year ago as Brexit and other uncertainties cast a shadow over the property market. Work began on 40 new office developments totalling 2.8m square feet over the past six months, down from a record 4.8m square feet recorded a year earlier, according to Deloitte Real Estate’s Crane Survey. Total development activity rose slightly from a […]
By Julia Love and Kristina Cooke | SAN FRANCISCO SAN FRANCISCO Alphabet Inc’s Google said on Monday it is working on a policy change to prevent websites that misrepresent content from using its AdSense advertising network, a move aimed at halting the spread of “fake news” and other types of misinformation on the internet. The shift comes as Google, Facebook Inc and Twitter Inc face a backlash […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
By Hugh Bronstein | BUENOS AIRES BUENOS AIRES Donald Trump’s election as U.S. president raises concern that Washington may increase the intrusiveness of domestic intelligence gathering, former U.S. spy agency contractor Edward Snowden said on Monday, warning that democratic checks and balances were losing ground to authoritarianism. Snowden lives in Moscow under an asylum deal after he leaked classified information in 2013 that triggered an international furore […]
By Ann Saphir | WICHITA FALLS, Tex. WICHITA FALLS, Tex. Markets are betting heavily that the man Americans last week elected as their next president will enact fiscal and other policies that will boost U.S. growth and inflation, but at least one U.S. central banker is pushing back. Since Republican Donald Trump was elected U.S. president last week, the 10-year Treasury yield has climbed to its highest […]
After months of sending government troops to battle militants blowing up oil pipelines in the Niger Delta, Muhammadu Buhari tried a different tack. The Nigerian president invited the region’s community leaders and traditional rulers to his villa this month for talks — a step energy sector executives hoped could halt a wave of sabotage since January that has cost the country billions of dollars in damages and […]
The UAE is to join with the World Economic Forum (WEF) to establish the first permanent policy unit to study and implement measures regarding the “Fourth Industrial Revolution” – the transformation of business and society brought about by technological advances. Mohammed Al Gergawi, UAE Minister for Cabinet Affairs and the Future, announced the initiative at the WEF summit of Global Future Councils in Dubai. He promised full […]
NEW YORK A measure of U.S. inflation expectations held mostly steady at low levels in October, with only some momentum higher, according to a Federal Reserve Bank of New York survey taken before Americans voted in this month’s presidential election. The survey of consumer expectations, an increasingly influential gauge of prices for the U.S. central bank, found that inflation is expected to be identical one and three […]
newslide Bollywood superstars Shah Rukh Khan and Aishwarya Rai-Bachchan recently shared a few moments of screen space in Karan Johar’s Ae Dil Hai Mushkil. The duo seem to have well and truly buried their longtime hatchet that started with Rai-Bachchan’s unceremonious ouster from Shah Rukh Khan’s 2002 production, Chalte Chalte, due to her rocky relationship with Salman Khan. According to reports in several Indian newspapers, Khan and […]
US bank shares have staged the sharpest recovery rally since Wall Street emerged from the financial crisis in 2009, underlining the stark shift in investor sentiment that has gathered pace since Donald Trump captured the US presidency. The S&P 500 banks index, a gauge of the largest US banks, has turned a year-to-date fall that, at its worst, reached almost 25 per cent, to a gain of […]
By Elias Glenn and Kevin Yao | BEIJING BEIJING China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook. Fixed-asset investment quickened slightly and beat expectations in January-October as the government stepped up infrastructure spending to support growth, official data showed on Monday. But […]
Over 300 senior professionals and 20 experts at summit on best manufacturing practices Dubai, United Arab Emirates, 14 November 2016 Under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline & Group, President Civil Aviation Authority, Chairman Dubai Airports and along with the support of Department of Economic Development (DED) and Dubai Economic Council (DEC), the GCC Manufacturing Excellence […]
By David Morgan | WASHINGTON WASHINGTON With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the government running […]
November 13, 2016 by: Theodor Troev in Sofia and Kerin Hope in Athens Rumen Radev, Bulgaria’s former air force commander, was set to win a run-off vote in Sunday’s presidential election second round, triggering the resignation of Boyko Borisov, the centre-right prime minister, immediately after the polls closed. First results gave Mr Radev, an independent backed by the opposition Socialist party, a projected 59 per cent of […]
14 November 2016 Ahli United Bank has been named “Best Private Bank in Bahrain” at the prestigious Global Private Banking Awards 2016 ceremony held recently in London. The award is jointly announced by The Banker and PWM (Professional Wealth Management) magazines, the industry’s leading publications of the Financial Times Group. In recognition of its excellent services in the private banking and wealth management sector, AUB has received […]
DUBAI // A man caught with more than two kilograms of heroin denies knowing the nature of the substance he was carrying, Dubai Criminal Court heard on Monday. “It’s true I was carrying the substance, or the goods, but I had no idea it was something illegal, and I was on my way to deliver it to its destination when I was arrested,” said the 42-year-old Pakistani […]
