Dubai Properties has announced the launch of sales of the third edition of the Arabella Townhouses (Arabella 3) in response to high customer demand. The developer said in a statement that the launch of sales comes in the wake of an “enthusiastic market response” to Arabella 1 and Arabella 2, that were unveiled in 2016. The entire development – originally launched in 2015 – is located within […]
Aldar Properties on Saturday announced that all homes in the third tower of its The Bridges affordable project has sold out. Following the strong demand for the first two towers of The Bridges at Cityscape Abu Dhabi, Aldar said the apartments in tower 3 were sold in just four hours, taking the total value of sales across all three towers to AED600 million ($163 million). Unit prices […]
A computer scientist has developed new techniques and tools to manage high performance computing systems more efficiently. This in an effort to comply with the increasing demand to handle large amounts of data within research and allowing for advance simulations. (via WSJ)
By Andreina Aponte and Andrew Cawthorne | CARACAS CARACAS Dressed in white and chanting “Liberty!”, tens of thousands of women opposed to Venezuela’s socialist President Nicolas Maduro marched on Saturday, proffering roses to security forces who blocked their way. The women’s marches, which took place in most major cities around the South American oil producer, were the latest in five weeks of sustained protests against Maduro whom […]
Wall Street people underestimated how nasty and political the struggle over the post-Brexit fate of European clearing houses would become. This week the European Commission offered threats to London-based clearing houses and inducements for their customers to move their trade to the EU. €650bn Value of euro-denominated trades that clear through London each business day UK negotiators in turn demand that euro derivatives clearing should stay in […]
Government agencies want their own backdoor into communications. Image: iStockphoto More details of how the UK’s new surveillance law will operate have been revealed, in details about the use of encryption. Under draft regulations to support the new Investigatory Powers Act, the government will be able to issue ‘technical capability notices’ to companies with more than 10,000 UK users to make it easier for police, spy agencies […]
A corner of Wall Street has been gripped by the unknown identity of a trader that has been buying up Vix call options priced at 50 cents each, swelling to account for nearly 10 per cent of the listed market. The FT has now reported that bankers with knowledge of the trades say the so-called “50 Cent” – a reference to the American rapper known for his […]
Tens of thousands of Poles took part in an opposition protest in Warsaw on Saturday, accusing the ruling nationalist Law and Justice party of curtailing freedoms in the biggest show of popular discontent so far this year. As many as 90,000 marched chanting “We will defend democracy” and “Here is European Poland!” in the three-hour protest, organised by the opposition Civic Platform party, in conjunction with other […]
This post is a fictionalised thought experiment. YOU and YOU ALONE are in charge of what happens in this story. There are trade-offs, choices, and consequences. YOU must use all of your B.S.D. talents and much of your intelligence. Good luck. So… You’re the head of a trading desk, and you’ve felt a bit frustrated of late. Your desk trades government securities issued by the world’s largest […]
Justin Bieber’s concert in India on May 10 will not only be remembered for being the first time the Canadian pop star performs in the country but for a tour rider that reportedly has demands for a Rolls Royce throughout his stay, a ping pong table, playstation and sofa set flown in for him and a redesign of his suite to incorporate Mogul paintings, antique furniture and […]
Saudi women no longer need a man’s consent to carry out certain activities, local media reported on Friday, but activists said the royal order does not go far enough. Saudi Arabia has some of the world’s tightest restrictions on women, and is the only country where they are not allowed to drive. Under the guardianship system a male family member, normally the father, husband or brother, must […]
06 May 2017 Darlie Global FZC, owner and manufacturer of natural wellness products, has opened a manufacturing plant in the UAE as part of its initiative to pioneer a range of products catering to a growing number of consumers looking for healthier and more natural alternatives in personal care. The facility will locally produce global personal and oral care brands – Dr. Neem and Mr. Darlie. Dr. […]
Gold is once again losing its sparkle, poised for its biggest weekly decline since November. The precious metal is down 3.2 per cent over the week to $1,227.87 a troy ounce, after touching its lowest level in 7 weeks on Thursday. Gold is now set for its third consecutive week of declines. Diminishing demand for haven assets has been a key factor for declining gold prices, with […]
BEIJING China on Saturday demanded that Taiwan release two mainland fishermen who have been detained after the island’s coastguard fired rubber bullets at them amid simmering tensions between the rivals. The shooting put a new strain on ties between Beijing and Taipei which have cooled since Taiwan President Tsai Ing-wen of the independence-leaning Democratic Progressive Party took power last year, because she refuses to concede the self-ruled […]
NEW DELHI: The Income Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case. The Enforcement Directorate (ED) has also initiated investigations in 49 cases to probe the alleged contravention of forex laws by the entities named in this list under the provisions of the Foreign Exchange Management Act (FEMA). The Central Board of […]
Five U.S. Marines have been disciplined for their involvement in a nude photo sharing scandal that targeted women in the military and investigators have identified another 16 suspects who may have committed crimes, the Marine Times reported on Friday. The Marine Corps was rattled when it was revealed in March that private Facebook group “Marines United” was used to surreptitiously distribute explicit images of women in the […]
May 6, 2017 by: Jeevan Vasagar in Singapore and Michael Peel in Bangkok Puma Energy, the fuel storage and petrol station business backed by Swiss commodities trading house Trafigura, wants to expand in Myanmar across a range of fuel and petroleum products after opening a $100m storage facility at the southern port of Thilawa. The new terminal, with a capacity of 91m cubic metres, opens the prospect […]
By Dan Levine and Joseph Menn The city of Portland, Oregon plans to subpoena Uber Technologies Inc to force it to disclose software that helped its drivers evade local transportation regulators, a city official said on Friday. Uber has acknowledged using the software, known as Greyball, to circumvent government officials who were trying to clamp down on Uber in areas where its service had not yet been […]
Business conditions in Saudi Arabia’s non-oil private sector continued to improve at the start of the second quarter, with rates of expansion in new work and business activity gathering pace, according to a new survey. Data from the Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) showed that firms were encouraged to engage in purchasing activity, which in turn led to the strongest accumulation in stocks of […]
By Jonathan Landay and Warren Strobel | WASHINGTON WASHINGTON A draft of President Donald Trump’s new counterterrorism strategy demands that U.S. allies shoulder more of the burden in combating Islamist militants, while acknowledging that the threat of terrorism will never be totally eliminated. The 11-page draft, seen on Friday by Reuters, said the United States should avoid costly, “open-ended” military commitments. “We need to intensify operations against […]
North America, the UK, Germany and Australia remain the top property investment destination for UAE residents, according to a YouGov survey conducted by IP Global, the property investment firm. The survey results showed that when it comes to investing in property abroad, the US and Canada are the most popular markets among UAE citizens. Chicago and Los Angeles were highlighted as popular investment destinations in the US. […]
Barclays was under pressure on Friday after Goldman Sachs said the bank needed to prioritise rebuilding capital over shareholder returns. Regulatory hurdles have moved against cross-border banks such as Barclays, which will be hit disproportionately by regional ringfencing laws, said Goldman. Capital ringfences add to uncertainty around Barclays’ litigation costs, its pension deficit and the likely proceeds from the sale of its African bank, said the broker. […]
Of those who favor limits, the vast majority — four out of five people — say presidential campaigns should last for one year or less, the poll indicates. Democrats are most likely to want president campaign limitations, although most Republicans and independents want them, too. “Too long” was the most common answer poll respondents gave when asked to briefly describe Election 2016. “Long,” “crazy” and “bad” followed. […]
Significantly, the agreement to establish the de-escalation zones has not been accepted by all opposition groups, and it left loopholes for Syria to continue undiminished attacks on the rebels, factors that combined to hinder the last attempt by Iran, Russia and Turkey to forge a cease-fire. Continue reading the main story Nevertheless, one of the representatives of the Syrian opposition groups at talks in Astana, Kazakhstan, Col. […]
