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The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Kochi police detain two actors over bid to honey trap doctor // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Hong Kong mandates crypto transaction disclosures to tax authorities // Oil advances towards $100 as tanker attacks persist // Cloudflare unveils Zero Wire vulnerability intelligence service // Emirates Group records AED 4.1 billion half-year profit // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // UK air traffic outage inflicted £33m financial losses // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Oil and chip shares retreat after Democratic victories // Emaar approves Development buyout ahead of planned delisting // Ousted top Kochi cop gets IG post // Dubai boat show confirms international shipyard line-up for November // APT29-linked campaign exploits outdated Apple and Android software // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // TVM –Mangaluru Vande Bharat claims top spot //

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|By TAP Staff|  Polish financial software provider ‘Softax’ has developed an innovative white label sales and marketing solution for online banking called ‘LogoBank’ for the retail banking sector. The LogoBank system takes an individual ‘contextual’ approach to drive significantly more effective marketing of a lender’s products and services and radically improve customer satisfaction. Whilst the development of most online banking systems tends to focus on widening the […]

|By Matein Khalid| Hong Kong now trades at 9.6 times earnings and 0.86 book value. Hang Seng valuations were gutted by the protest movements in Central and the Shanghai financial meltdown. The Hang Seng index is down 25% since late May and now trades at six times forward earnings, its post Lehman, post 2014 bottom. Hong Kong trades at its lowest price/book value since the Asian flu […]

UAE.  Today, Phidar Advisory released its Q3 mid-quarter Dubai residential research note. The report shows that residential prices in the third quarter of 2015 continue to decline, compared to the previous quarter. However, the most significant finding was in a statistical analysis of the relationship between currencies and Dubai real estate prices. “Analysis reveals a significant relationship between three key foreign currencies and Dubai real estate prices,” said […]

|By Matein Khalid| A month ago, I published a column predicting history’s first Made in China global recession. Wall Street finally agreed with me last week after we witnessed the most brutal crash in global equities since October 2008. I have predicated a 20% fall in US equities several times in the last three months and the 1000 point drop in the Dow last week only reinforces […]

INTERNATIONAL. Market price action dictates direction – traditional support levels were broken violently. Yesterday’s market was the most energised sell-off since 2008/2009. – The US dollar lead this crisis and will lead back up when the low is in – We have reached most of Steen Jakobsen’s technical targets and below is his primitive “expected” path from here (2015 low getting established) – We will see recession […]

INTERNATIONAL. OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil. Despite the intense financial and economic pain this decision has inflicted on Saudi Arabia, its fellow OPEC members, and […]

UAE. Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to the to the Global Economic Conditions Survey (GECS) organised by ACCA (the Association of Chartered Certified Accountants and IMA (the Institute of Management Accountants). The slight optimism was due to a temporary reprieve in […]

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|By Matein Khalid| Geopolitics is now another source of risk for the Turkish lira, government debt and Istanbul equities. The Turkish air force is bombing Daish in Syria and the secessionist Kurdish PKK party in northern Iraq. Suicide bombings have killed Turkish citizens in eastern Anatolian cities on the Syrian border. Ankara has given the US a green light to launch military airstrikes from the Incerlik air […]

INTERNATIONAL.  In the wake of China’s recent devaluation of the yuan, companies need to be more strategic than ever in their manufacturing-sourcing decision-making, focusing on clear-headed, case-by-case analysis and tight project management.  That is according to a new study, including a survey of almost 250 senior-level executives in Western Europe and North America from manufacturing and distribution companies in 20 industries, released today by AlixPartners, the global […]

KUWAIT. On Aug. 14, 2015, Standard & Poor’s Ratings Services affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Kuwait. The outlook is stable. RATIONALEPrices for crude oil have fallen by around 50% in the last year. We now forecast an average Brent oil price of $55/bbl in 2015 and $67.5/bbl in 2015-2018. The sharp fall in oil prices over the past […]

INDIA FACES MORE COMPETITION IN EXPORT MARKET   By Anjan Roy   China has shocked the world by suddenly devaluing its currency…

CAIRO — Egyptian militants affiliated with the Islamic State extremist group have threatened to kill a Croatian hostage within 48 hours unless the Egyptian government releases female prisoners, according to a video released Wednesday. It was the first time in a two-year-old campaign of violence against the government that the militants had kidnapped or threatened to execute a foreigner, raising new fears of more attacks. Many analysts […]

|By Matein Khalid| Every global recession since the OPEC oil shocks of 1973-74 was triggered by a contraction in the $17 trillion US economic colossus. The failure of Lehman Brothers, the meltdown in US subprime mortgages, the impotence of the implicit “Fed/Uncle Sam” put, the ice age in the commercial paper and interbank money markets all tipped the US economy into recession in late 2008 and triggered […]

Gold’s tumble to the lowest since 2010 promises to prolong a mergers and acquisitions boom that’s seen transactions at a three-year high as weaker prices slash asset valuations. Deals valued at $9.6 billion were proposed or completed in the six months to June 30, up 7 percent on the previous half, as producers including OceanaGold Corp. agreed acquisitions, according to data complied by Bloomberg. They totaled $22.3 […]

Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo February 28, 2014. Reuters/Yuya Shino/Files TOKYO Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30, is suspected of falsifying […]

|By Matein Khalid|So Pearson PLC has sold the FT Group (with its flagship Financial Times newspaper) to Japan’s Nikkei Inc for $1.32 billion. Pearson will use the cash proceeds to increase its investment in education publishing businesses in the US and Canada, now 75% of revenues. This deal is a milestone in the history of newspaper publishing and my own life as an investor/financial journalist. I discovered […]

Citigroup Inc’s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Street, has been cracking down in recent years on credit card companies offering payment protection, credit score tracking and other add-on products. Citi will also pay civil […]

|By Matein Khalid| As a student of investing and the son of a painter/art historian, I cherish art as a visceral, spiritual value but am also intrigued by its historical linkage to banking and the financial markets. The happiest moments of my life have been spent in the Prado, Tate, Hermitage, Rijksmuseum, Ufizi, MOMA, Met, the National Gallery on Trafalgar Square, the Louvre, Musee d’Orsay and so […]

The IBM logo is seen outside the company’s offices in Petah Tikva, near Tel Aviv October 24, 2011. Reuters/Nir Elias International Business Machines Corp’s (IBM.N) revenue fell for the 13th consecutive quarter and missed the average analyst estimate, as it continued to shed low-margin businesses and the strong dollar weighed on Big Blue’s results. Shares of the world’s largest technology services company fell about 5 percent in […]

|By Matein Khalid| Last week was a roller coaster and the Nikkei Dow closed at 19,800. Abenomics has had a seismic impact on Japan’s economy, financial markets and banking system. The yen has fallen from 76 on the eve of the election in 2012 to 122 against the US dollar. Corporate profits have exploded. Land price rises, job growth, bonuses, capex and consumer spending have lifted Japan […]

|By Matein Khald| During the 2008 post-Lehman financial meltdown, home prices in Dubai fell by 60-70 per cent and a generation of offplan flippers and leveraged investors/buyers (a mortgage, by definition, is a highly leveraged and speculative financial product. There is a reason the word “mortgage” derives from the French “mort” or death!) were wiped out. However, the Arab Spring, global liquidity and the successful debt restructuring […]

RENMINBI WILL TAKE MORE TIME AS RESERVE CURRENCY   By Anjan Roy   Whoever might have lost out in the weird saga…

|By Matein Khalid| De Gaulle dissed gold as a “barbarous relic” and Lenin sneered the yellow metal was fit only to “pave capitalist latrines”. So what? Gold has been an monetary metal in human history for centuries, back to the time of Pharonic Egypt, the Inca Empire, King Midas and the Spanish conquistadores of Mexico. While President Nixon removed the gold/dollar Bretton Woods linkage in 1971 and […]

Dubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a global drive to attract more listings while developing new channels to trade sukuk, the chief executive of Nasdaq Dubai said. “Demand for Islamic financial products still exceeds supply — there are very few financial products for which this is true,” said Hamed Ahmed Ali. The exchange is working on ways […]

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Just in:
Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // APT29-linked campaign exploits outdated Apple and Android software // Emaar approves Development buyout ahead of planned delisting // TVM –Mangaluru Vande Bharat claims top spot // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Ousted top Kochi cop gets IG post // Oil and chip shares retreat after Democratic victories // OpenAI identifies 948 Linux privilege escalation flaws using AI // Cloudflare unveils Zero Wire vulnerability intelligence service // Technology shares plunge as Nasdaq enters correction // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Hong Kong mandates crypto transaction disclosures to tax authorities // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Kochi police detain two actors over bid to honey trap doctor // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Millions Of Indians May Soon Be Deprived Of Government Assistance // Emirates Group records AED 4.1 billion half-year profit // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities //