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The world’s largest pension fund, Japan’s GPIF, is under intensifying pressure to draw a “line in the sand” on corporate governance standards in the country as other investors rail against a controversial takeover deal. The imbroglio centres around Panasonic’s proposed purchase of PanaHome. Investors say it represents one of the sternest tests to date of Japan’s stewardship and governance codes, guidelines introduced in 2014 as part of the “Abenomics” drive to […]

Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. “I am satisfied, I am optimistic and, as I said, the markets are on their way to rebalance and it’s happening,” Saudi energy minister Khalid al-Falih said. Compliance […]

Dubai, 22nd January 2017 Propertyfinder Group, the UAE’s leading real estate search portal, expects unit handovers in Dubai this year to be significantly lower than developers’ official projections, which should help support prices. While that may not be welcome news for off-plan investors hoping to soon pick up their keys, a more protracted handover schedule is better for market stability and in the long term helps protect […]

Submitted by Robert Parry via The Strategic Culture Foundation, Whenever The New York Times or some other mainstream news outlet holds itself out as a paragon of professional journalism – by wagging a finger at some pro-Trump “fake news” or some Internet “conspiracy theory” – I cringe at the self-delusion and hypocrisy. No one hates fake news and fact-free conspiracy theories more than I do, but the […]

For some living in Singapore soon to be banned 2G phones are the only affordable or practical option When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal—digital have-nots left behind by the relentless march of technology. From technophobic pensioners to cash-strapped migrant workers, some 140,000 people in highly-wired Singapore still use the city-state’s second […]

BEIRUT The Syrian army and its allies on Sunday drove Islamic State from the village of Soran, east of Aleppo, state media and a military media unit run by Hezbollah reported, bringing them closer to territory held by Turkey-backed rebels. Several overlapping conflicts are being fought in Syria, dragging in regional and global powers as well as the government and local groups, complicating the battlefield in the […]

Middle East stands out as a key growth area for food providers in global packaged F&B, with market tipped to reach USD2.2 trillion by 2020 22 January 2017 Dubai, UAE: The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands […]

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By Brenda Goh and Muyu Xu | SHANGHAI/BEIJING SHANGHAI/BEIJING With 6 million Chinese tourists expected to travel abroad over the Lunar New Year break, China’s January 27 to February 2 holiday is crucial for Taiwan tour agency operator Li Chi-yueh, who relies on mainland visitors for a third of his revenue. But Li’s hopes are not high this year, after the number of mainland tourists plummeted 36 […]

21 January 2017 Dubai – LABTEC LLC, a leading player in design, manufacturing, installation and commissioning of laboratory furniture and a part of Masharie LLC – a subsidiary of Dubai Investments PJSC, has won projects worth AED 11 million in the UAE and Eritrea to supply and installation of laboratory furniture and fire-rated doors. The new projects won by LABTEC include an AED 6.6 million contract for […]

When it comes to the future of bitcoin, the “holy grail” has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange. The SEC is expected […]

21 January 2017 Abu Dhabi, UAE: Middle East Sulphur 2017, a new conference held from February 12-16, will highlight the ever-growing value of the commodity regionally and beyond. Often viewed as a by-product of the oil and gas industries, sulphur is now coming to the fore as its versatility and potential is realised by business leaders around the world. Sulphur is also the primary source in producing sulphuric […]

By Emily Stephenson and Scott Malone | WASHINGTON WASHINGTON Large crowds of women, many wearing bright pink knit hats, poured into downtown Washington by bus, train and car on Saturday for a march in opposition to U.S. President Donald Trump only a day after the Republican took office. The Washington event was expected to be the largest of a series of marches across the world in cities […]

· Global security and fire safety leader to showcase solutions from recently-acquired Xtralis, a pioneer in early fire and intrusion detection technologies · Honeywell to host seminars and workshops for industry stakeholders, experts to discuss market trends, latest technologies and regional best practice 21 January 2017 Dubai, United Arab Emirates – In response to growing demand for smarter, more connected security systems across the Middle East, Honeywell (NYSE: HON) will […]

While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]

BERLIN German Chancellor Angela Merkel vowed on Saturday to seek compromises on issues like trade and military spending with U.S. President Donald Trump, adding she would work on preserving the important relationship between Europe and the United States. “He made his convictions clear in his inauguration speech,” Merkel said in remarks broadcast live, a day after Trump vowed to put ‘America first’. Speaking at a news conference […]

By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]

Apple has filed a $1bn lawsuit against Qualcomm accusing the chipmaker of abusing a monopoly position, after the US and South Korean regulators argued it exploited its market dominance at the expense of handset makers. Shares in Qualcomm fell 2.4 per cent to $62.88 just before the markets closed on Friday when the lawsuit was published. This is the first direct challenge by one of Qualcomm’s major […]

In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]

There is no doubt that 2016 was a milestone year for utility-scale solar in the Middle East. The UAE set – and then reset – the benchmark for low-cost solar electricity; Saudi Arabia made its highest level commitment to investing in solar; and Jordan commissioned its largest utility-scale solar power plant and announced plans to tender a new round of projects. In fact, these three countries alone […]

After years of excess supply the global aluminium market may be turning a corner, as China seeks to cut capacity and the incoming Donald Trump administration ratchets up trade threats against the world’s largest producer of the lightweight metal. A glut of aluminium in recent years has decimated the US aluminium industry, where smelters were forced to shut down as Chinese imports rose. Now, after tackling excess […]

Half a dozen Premier League clubs had watched Burns at Southend. And the practice of investing so much money in so much raw talent is hardly a recent development: Raheem Sterling was 15 when he joined Liverpool from Queens Park Rangers for £500,000 in 2010, and Jordon Ibe, then 16, made the same journey from Wycombe Wanderers two years later. What has changed, though, is not just […]

Apple on Friday filed a suit against Qualcomm, accusing the chipmaker of withholding contractual payments it owed in retaliation for Apple’s cooperation with South Korean regulatory investigators. The suit also charges Qualcomm “attempting to extort” the Cupertino company into obstructing the investigation. From the suit, filed in federal district court in the Southern District of California: Among Apple’s damages are nearly $1 billion that Qualcomm owes to […]

Just hours after President Trump was sworn into office, amid Chuck Schumer’s jabs over HUD, the Senate has confirmed retired Marine General James Mattis as defense secretary and retired Marine General John Kelly as homeland security secretary. They were both expected to be confirmed easily, and were, but Democrats promised fights over several other nominees. Mattis was the first to be confirmed by a vote of 98 […]

Soyabeans and soya meal extended their gains this week, as heavy rain in Argentina’s key growing areas deepened fears over a disruption to production. In the first two weeks of the year, parts of the soyabean growing areas have suffered six months worth of precipitation, ruining the fields which had been seeded. Farmers had until this week to replant, but sustained rainfall has meant that the fields […]

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