LONDON Battered bonds and emerging market currencies enjoyed some respite on Thursday as the dollar took a breather from a post-U.S. election charge that has taken it to a 13-1/2 year high. Wall Street looked set for a quiet start and Europe’s main stock markets <0#.INDEXE> were shuffling sideways as the dip in global bond yields cooled bank stocks, which have been rising on better lending profits. […]
Thanks to NASA’s Spitzer and Swift space telescopes joining forces to study a microlensing event, astronomers had a rare achievement of locating an elusive brown dwarf planet. The debut collaboration made the microlensing event a useful occasion. During the phenomenon, a distant star looks brighter thanks to the gravitational pull of a cosmic object in the foreground, which, in turn, makes highlighting of low-mass bodies that orbit big stars […]
Thursday 08:30 GMT. European and US equity gauges are subdued as government bond yields dip from multi-month highs and the dollar stalls after hitting its strongest level since 2003. Following a muted Asia-Pacific session — encapsulated by Japan’s Nikkei 225 closing unchanged — index futures suggest the S&P 500 will dip 1 point to 2,176 when the opening bell rings later in New York, leaving the Wall […]
CAIRO — An Egyptian criminal court sentenced a police officer to life in prison on Wednesday for fatally shooting a man who refused to give him a free cup of tea. It was an unusual move by a court in a country where the police are generally allowed to act with impunity, human rights activists said. The shooting in April, in which the tea vendor was killed […]
Rio Tinto has fired Alan Davies, chief executive of its energy and minerals division, and Debra Valentine, the head of legal affairs, after reviewing a $10.5m payment made for advisory services on a giant iron project in Guinea. Last week, the FTSE 100 mining company suspended Mr Davies and announced the resignation of Ms Valentine after contacting regulators about the payment of $10.5m to François Polge de […]
The Middle East will require additional power capacity of 267 gigawatts (GW) by 2030, an increase of 66 percent, according to engineering giant Siemens. The German conglomerate, its outlook for the energy landscape in the region, said growing demand will require and 66 GW of of power over the next 15 years. Siemens’ report maps out the region’s current power generation scenario, upcoming challenges, allocation of energy […]
SINGAPORE Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks. Crude inventories in the United States rose by 5.3 million barrels in the week to Nov. 11, compared with expectations for an increase of 1.5 million barrels. The climb in inventories was mainly due to higher imports that averaged 910,000 barrels per day (bpd), according to data released […]
Abu Dhabi, UAE: November 16, 2016 Following the resounding success of AIDA 2015, the 2nd Abu Dhabi International Conference in Dermatology and Aesthetics is scheduled to be held in conjunction with The International Master Course on Aging Skin (IMCAS), The International Board of Cosmetic Surgery (IBCS), The International Academy of Cosmetic Surgery (IACS), The European Society of laser Dermatology (ESLD), The International Cosmetic Congress (ICC) and the […]
Over the past few episodes, the battle between the evil Zamasu and Goku, Vegeta and Trunks has been heating up. It seems Zamasu’s fusion with Goku Black simply made the villain too powerful for the Z fighters to overcome. But as episode 66 of Dragon Ball Super shows, the defenders of Earth have a few more tricks up their sleeves. As was heavily teased in previews for […]
Wednesday 09:20 GMT. European stocks are tracking a mostly positive showing in Asia as Wall Street eyes record highs on hopes the Trump administration’s pledge of infrastructure spending and tax cuts will boost the US economy. The dollar and government bond yields are a touch firmer, keeping gold and industrial commodity prices in check. After the FTSE Asia-Pacific equity index rose 0.6 per cent, the pan-European Stoxx […]
As a nutritionist, Yara Radwan was naturally keen for her children to embrace a healthy diet. But Mark, 7, and Lyra, 5, had other ideas. “They’ve always been picky eaters from when they were babies,” says Radwan, 37, who is from Syria. “Lyra wouldn’t eat any cooked vegetables and Mark refused to eat any rice, pasta and bread that wasn’t white.” Radwan was also disturbed to see […]
|By Matein Khalid| Donald Trump’s shock win will have a profound impact on the GCC economic constellation via multiple feedback loops. His economic policies mean a much higher US dollar, anathema to GCC economies since it correlates with stock/property market crashes, banking stress and oil slumps. This is the macroeconomic linkage due to the GCC US dollar peg whose lessons the region learnt the hard way in […]
The visiting delegation explored the Foundation’s programs and initiatives, and toured the Dubai Future Accelerators headquarters Dubai, November 15, 2016 Global future experts in Dubai to attend the two-day Annual Meeting of the Global Future Councils paid a visit to the Dubai Future Foundation’s headquarters in Jumeirah Emirates Towers Offices. The Foundation presented a number of its initiatives to the visiting delegation. This included items on display […]
Dubai, UAE, 16 November 2016 Visitors at Middle East Concrete and PMV Live 2016 can look forward to a host of exciting new innovations and product launches such as ground-breaking tractors, road trucks and rear tippers from 21-24 November at the Dubai World Trade Centre. Ford Trucks plans to display a range of 2017-model heavy commercial vehicles including an 1843T tractor and 3543M 6 x 4 and […]
London, 15 November 2016 Users of the Bloomberg Professional service can now access Oxford Business Group’s full range of research on emerging economies, following a distribution agreement between the two firms. Bloomberg, the global business and financial information and news leader, gives influential decision-makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and […]
From chanting in Arabic to classes for men, there are more than 100 yoga and natural healing classes packed into this year’s two-day Yoga Fest Middle East. The festival, which begins on Friday at Dubai Internet City Amphitheatre, was launched by Dubai yogi Elaine Kelly in 2010. It has grown from a one-day event attended by about 300 people to a gathering of 4,000 people eager to […]
MARRAKECH// The UAE delegation headed by Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, attended the opening session of the Conference of Parties 22 on Tuesday. Sheikh Mansour thanked the government and people of Morocco for hosting this important event to tackle climate change and to put in place an effective mechanism for the implementation of last year’s Paris Agreement. The session was […]
MARRAKECH // The UAE is investing in “rain-enhancement” as lack of water could become a matter of national and environmental security, meteorologists have told the Conference of Parties 22. Scientists have been looking at techniques such as cloud-seeding and the first annual grant of US$5 million has been awarded to researchers seeking solutions. “Rain enhancement is a possible solution to water security, which is in turn related […]
15 November 2016 Marrakech — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), as a multilateral credit and political risk insurance corporation, plays a catalytic role in facilitating Renewable Energy projects in its member countries. On the margins of COP22, which took place in Marrakech, Morocco, on November 15, 2016, ICIEC organized a high panel discussion (HPD) under the theme “ECA Risk Mitigation […]
By Corina Pons and Eyanir Chinea | CARACAS CARACAS Multinational companies are selling their Venezuelan operations at hefty discounts – or even giving them away – as they to seek to escape the OPEC nation’s soaring inflation and chronic supply shortages. Six firms, including General Mills and oil producer Harvest Natural Resources, have sold operations for as little as half their assessed value on the companies’ books, […]
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 […]
November 15, 2016 by: Peter Wells in Hong Kong Tuesday 03.35 GMT. The US dollar has retreated from recent highs, leaving counterparts across the Asia-Pacific region firmer. US Treasuries are eyeing their first rise in more than a week, while stocks across Asia have followed on from a muted lead on Wall Street. The US dollar index, a measure of the US currency against a basket of […]
MARRAKECH // After completing the adventure of flying around the world powered only by the Sun, Bertrand Piccard embarked on another, connecting organisations, politicians and people with climate change solutions. The Solar Impulse team launched the World Alliance for Clean Technologies at the Conference of Parties 22 in Marrakech. International politicians gathered to set targets addressing climate change by following the Paris Agreement. The project is aimed […]
MARRAKECH // When Majid was able to connect the final wire on his solar-powered light, it was hard to tell what lit up the room more – the light or the nine-year-old’s eyes. He was one of 30 children at Centre Fiers and Forts orphanage, located half an hour’s drive from Marrakech, who learnt on Monday how to assemble the lights donated by Beacon of Hope, a […]
