KUALA LUMPUR, Malaysia — Malaysian authorities want to speak with a North Korean embassy official and airline employee as part of their investigation into the murder of Kim Jong Nam. The two being sought are Hyon Kwang Song, who worked at the North Korean embassy in Malaysia, and Kim Uk Il, a staff member of the North Korean carrier Air Koryo, Malaysian Inspector-General of Police Khalid Abu Bakar […]
When Ford borrowed a €750m bond in euros at the start of the year, the US carmaker was following a path that has become familiar to corporate America. The deal was an example of so-called “reverse Yankee” issuance, where US companies sell bonds in euros, tapping demand from eurozone investors. Ford added to the more than €100bn of debt sold in the eurozone over the past two […]
By Amina Ismail and Arwa Gaballa | Al-GAMALIYA, Egypt Al-GAMALIYA, Egypt Thousands of mourners gathered in a small Egyptian town on Wednesday for the funeral of the Muslim cleric known as “the blind sheikh” who was convicted of conspiracy in the 1993 World Trade Center bombing in New York. Omar Abdel-Rahman, who was also convicted of planning a broader “war of urban terrorism” in the United States, […]
By Tuvan Gumrukcu and Michele Kambas | ANKARA/ATHENS ANKARA/ATHENS Cyprus reunification talks were in disarray on Wednesday after reports the Turkish Cypriot side would not join this week’s meeting in an escalating row that opened old wounds over past Greek Cypriot ambitions to unite with Greece. Talks between Greek Cypriot leader Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci were abruptly interrupted last week over a decision […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year. Around 30 supertankers have this month made long-haul trips to ship crude oil from the Americas, the North Sea and the Mediterranean to refineries across […]
Demand for American hardwoods expected to pick up in the first half of 2017 as key projects near completion 22 February 2017 The American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, is gearing up to participate at the Dubai WoodShow 2017, which will take place from March 7 – 9 at the Dubai International Convention and Exhibition Center (DICEC). The […]
Despite suggestions to the contrary, the demand for luxury products and services was continuously rising in the UAE in 2016, albeit at a slower pace. This proves that there is a growth of wealthy and ultra-rich consumers; key potential customers of the luxury segment, which is a contributing factor in the growth of the luxury market. Not only that but demand for luxury is steadily increasing here […]
Conceived by legendary Egyptian writer Naguib Mahfouz as a single novel of about 1,500 pages, The Cairo Trilogy is a timeless work of modern Arab literature, with themes, characters and ideas that are familiar and ring true almost 60 years after it was published. “The Cairo Trilogy is a work on a par with Leo Tolstoy’s War and Peace and Thomas Mann’s Buddenbrooks,” says Dr Rasheed El […]
This is a difficult time for democracy, and autocratic leaders are on the rise. I refer, of course, to shareholder democracy and to the increasingly bold attempts of Silicon Valley entrepreneurs, when they go public, to prevent investors from having a say in the running of their company. The founders of Snap, the owner of the messaging service Snapchat are brazenly selling second-class shares that give investors […]
KUALA LUMPUR Malaysian police identified a senior official in the North Korean embassy on Wednesday as a suspect in the murder of Kim Jong Nam, and said another was linked to North Korea’s state airline. Police chief Khalid Abu Bakar said both suspects are still in Malaysia and have been called in for questioning. He said North Korean diplomat held the rank of second secretary at the […]
|By Arabian Post Staff| Saudi Arabian Oil Co may offer discounted shares of its record breaking IPO to Saudi nationals, Bloomberg reported quoting sources. It said the company has discussed methods to structure the sale so that retail investors in Saudi Arabia can buy shares for less than those buying on international exchanges. Aramco, as the company is known, is considering listing venues in the U.S., U.K. […]
Rising angst over the outcome of France’s presidential election sent the premium investors are demanding to own French debt instead of German bonds to a new post-eurozone crisis high. The gap between the yield on 10-year French debt and German equivalent bonds exceeded 0.81 percentage points for the first time since August 2012, as a fresh poll showing far right candidate Marine Le Pen is on course […]
At the start of January, when the Mexican Central Bank spent $2 billion to defend its currency in a rare intervention in the spot market, and which lasted just a few hours before the selling resumed, Goldman analyst Albert Ramos had some advice for Banxico: don’t use reserves to defend the Peso as Mexico would have greater need for them elsewhere. : Instead, Goldman’s advice was to […]
My taxi driver in San Diego had a plan. He was moving to Laredo to get back into long-distance trucking. He’d work hard for 10 years, save a couple of hundred grand, and retire to Mexico. I did the math: that put him around 2028. He might just make it before all the trucking jobs go away. At Qualcomm last week, Cristiano Amon, president of […]
At least 180 Chinese listed companies will be forced to cancel or scale back planned rights offerings worth $97bn in response to regulations that target excessive fundraising used for dubious acquisitions and financial speculation. The rules come as Chinese regulators are increasingly concerned about the trend of “exit the real, enter the fake” — a phrase used to denote companies abandoning real economic activity in favour of […]
GENEVA Nearly 1.4 million children are at “imminent risk” of death in famines in Nigeria, Somalia, South Sudan and Yemen, the U.N. children’s agency UNICEF said on Tuesday. People are already starving to death in all four countries, and the World Food Programme says more than 20 million lives are at risk in the next six months. “Time is running out for more than a million children,” […]
DUBAI// Enoc will open 10 new petrol stations this year and will add 54 stations by 2020. The expansion began with the opening of the Warsan station on the Dubai-Hatta Road in the eastern region of the emirate. The new stations will be located in Sheikh Zayed Road, Al Barsha South, Hessa Street, Sheikh Rashid Road, Bab Al Shams, Hatta, Jumeirah Village, Al Lehbab Road, and Academic […]
Telstra has confirmed that its enterprise voice and data outage across New South Wales was caused by a faulty piece of hardware. The outage affected only enterprise customers on Tuesday morning until 1pm AEDT, with consumer fixed-line and mobile services not impacted by the hours-long outage. Earlier this month, Telstra also experienced an outage across fixed-line and mobile services due to a fire at its Chatswood exchange […]
Success for banks selling large blocks of stock in the European market this year points to a supportive environment for new listings in the months ahead, bankers say. There have been 70 such accelerated offerings so far this year according to Dealogic, worth €11.3bn, more than double the €5.5bn sold in the same period a year ago when anxiety about the state of China’s economy prompted much […]
HONG KONG Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds. Political concerns have been at the front and center of investors’ minds over the past week or so, with markets wary about the outcome […]
By Phil Stewart | BAGHDAD BAGHDAD The U.S. military is “not in Iraq to seize anybody’s oil”, Defense Secretary Jim Mattis said, distancing himself from remarks by President Donald Trump, as he held talks with Iraqi leaders on Monday. Mattis was the highest-ranking Trump administration official to visit Iraq since Trump irked Iraqis with a temporary ban ontravel to the United States and for saying America should haveseized […]
As the world’s oil traders descend on London this week, the hot subject will be how to keep North Sea Brent, the benchmark for the global oil price, fit for purpose. S&P Global Platts , the oil pricing agency, is trying to execute the biggest overhaul of North Sea oil trading in a decade, with plans to rejig how prices in the region are set ahead of […]
By Gopal Sharma | KATHMANDU KATHMANDU Nepal will hold its first local elections in 20 years in May, a minister said on Monday, an important milestone in its long and difficult transition to democracy that the government hopes will culminate in a general election. The Himalayan nation has been unable to complete the journey to a republic because some regional groups rejected a constitution approved by bigger […]
Partnership will allow partner-drivers to connect with on-demand medical professionals United Arab Emirates, 20 February 2017 Uber, the smartphone app-based technology company, has announced a partnership with Altibbi, an online medical mobile application, to connect Uber partner-drivers with on-demand doctors. The application allows partner-drivers to connect with a selection of certified doctors, and get round-the-clock affordable medical consultations over the phone. This gives partner-drivers access to safe […]
