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Enhancing Kuwait’s arbitration legal framework in order to render Kuwait a more attractive arbitration venue in the region Kuwait – 10 May 2017 ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading corporate, litigation and finance law firm, co-organized a leading seminar on arbitration with the International Court of Arbitration of the International Chamber of Commerce – Paris (ICC). The ICC is one of the oldest and […]

Authored by Mike Krieger via Liberty Blitzkrieg blog, I’m fairly certain very few of you have heard of broker price opinions, or BPOs, but it’s something I think we should all become aware of given the influence of BPOs in the market for valuing residential real estate securitized bonds. Before we get to that, let’s revisit a little contemporary American robber baron history. In the immediate aftermath of the […]

Expired EpiPens may still be usable more than four years after their expiry date. Findings of a new study that looked at the potency of auto-injectors after their expiry date suggest it may be worth using one that is past the expiration if it is all you have got. The new study shows that long after their supposed expiration dates, the injectors still have the concentration of epinephrine […]

A group of US senators has urged a government investigation into billionaire Carl Icahn’s involvement in an obscure market for US biofuel credits, arguing he profited by influencing prices through his role as informal counsel to President Donald Trump. Mr Icahn controls CVR Energy, an oil refiner which trades credits used to meet a federal mandate for mixing ethanol and biodiesel with petroleum products. In December, the […]

US stocks hit fresh intraday highs on Wednesday, with Apple’s market value breaking through $800bn for the first time, as an earnings trade replaces the so-called Trump trade. The best US earnings season in five years has powered Wall Street to new heights even as the pro-business tax, regulation and infrastructure policies of Donald Trump are taking longer to translate into action than investors had hoped. The […]

The Financial Intelligence Analysis Unit’s board of governors is not privy to details of investigations carried out by FIAU investigators and has never seen copies of reports they pass on to police, the FIAU board said today. In a lengthy statement, the FIAU board, which is chaired by Attorney General Peter Grech, emphasised that its task was to set FIAU policy, not to implement it, with a […]

Moon Jae-in has triumphed in the South Korean presidential election with over 40 percent of the vote, according to exit polls. But the liberal leader’s solid victory can’t patch over deeper political wounds. Just as the United Kingdom’s vote to leave the European Union left British society divided and Donald Trump’s election polarized Americans, the impeachment of Park Geun-hye has split South Korea. While more than 75 […]

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A ransomware attack against any business could be potentially devastating, but there are some sectors which are more at risk from file-encrypting attacks than others, as cybercriminals prey on industries which can’t afford to not have access to their networks. Ransomware has boomed over the last 18 months, growing from an annoyance which targeted home PC users with moderate ransom demands, to a billion-dollar industry, with cybercriminals […]

Members of President Donald Trump’s cabinet have a new catchphrase for how they see the future role of the US: not just “energy-independent”, but “energy-dominant”. As Ryan Zinke, the interior secretary, put it at an industry conference in Houston last week: “Dominance is what America needs.” It would be tempting to dismiss that talk as hype, except that every week the US energy sector is coming up […]

The news has been abuzz lately with a forex (foreign exchange market) investment company based in Penang. The company has around 400,000 investors/members, and they have all not received their promised dividends recently. Worse still, they were all denied access when they tried to log into their accounts on the website. Even when they tried going to the offices, they could not get answers because the offices were CLOSED!!! […]

On Monday, we brought you the story of TokenCard, the Ethereum-based venture set to revolutionise the world of payments by bringing crypto folk the, errr, power of the Visa network. Yes, you’re wondering, what’s so special about that? Doesn’t every above-board payment facilitator offer Visa access? You’re right. They do. And a card processed by Visa is hardly a breakthrough innovation worth shouting about here in the […]

This story was originally co-published by ProPublica and IRE Journal. It’s a great time to be an investigative journalist. Sure, no president has done more to demonize media than President Trump. But nor has anybody done more to boost our standing than Trump. Millions of Americans have put their faith in us. A few weeks after the election, a friend of mine, pondering the reality of one-party […]

By Elisabeth O’Leary | GALASHIELS, Scotland GALASHIELS, Scotland – Calum Kerr, a parliamentarian from the Scottish National Party (SNP), is having to work hard to get his message across. As he defends a wafer-thin majority in Britain’s June 8 election, he wants to focus on issues directly affecting his farming constituency bordering England, with its struggling economy that may suffer further when Britain leaves the European Union. […]

Authored by Jeff Thomas via InternationalMan.com, Recently, I published the comment that, when the present debt bubble eventually pops, “governments will lose the economic power to continue their advance against economic freedom.” The immediate reaction from one reader was, “What could we expect next?… The governments and Deep State aren’t going to ‘just go away.’” An excellent question—one which deserves an answer. We won’t need a crystal […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stock markets edged down on Tuesday following a flat close on Wall Street, as investors searched for the next catalyst following France’s presidential election, while oil inched higher on expectations OPEC supply cuts will be extended. Financial spreadbetters expect Britain’s FTSE 100 .FTSE, Germany’s DAX .GDAXI and France’s CAC 40 .FCHI to all open flat. The South Korean stock market, […]

By Shu Zhang and Matthew Miller | BEIJING BEIJING A Chinese government campaign to cut leverage in the banking system and limit some risky activities appears to be working, but it is also pushing borrowers back towards alternative funding sources that carry similar risks to the financial system. First-quarter official data shows banks cut the amount they lent to and borrowed from other financial institutions by 1.4 […]

The Middle East & Africa region is a strategically important growth market for Sony Mobile Xperia XZ Premium, winner of several top industry awards including ‘Best Smartphone at MWC 2017’, leads innovation push Dubai, 08 May 2017 Sony Mobile Communications has shown strong global financial performance by reporting a profit of 10.2 Billion Yen (US$ 91 Million) this year, as per financial results from the company. […]

Zaha Hadid’s first project in Dubai is a work of art to rival any of the renowned Iraqi-born architect’s award-winning structures, and will add something very different to the city’s burgeoning collection of prestige buildings. In many ways, a visit to Dubai’s Business Bay feels like a trip back to the future – to a city that feels eerily familiar to anyone who can remember the giddy […]

U.S. broadcaster Sinclair Broadcast Group Inc (SBGI.O) said on Monday it would buy Tribune Media Co (TRCO.N), one of the largest U.S. television station operators, for about $3.9 billion cash and stock, and assume about $2.7 billion in debt. The $43.50 per share offer represents a nearly 8 percent premium to Tribune’s Friday close. Shares of Tribune, which operates 42 television stations in 33 markets, rose 5.2 […]

Monday 16:30 BST What you need to know • The euro is losing momentum after touching a six-month high, down 0.6 per cent at $1.0925 • New York equity markets are muted; European equities markets are falling back, led by banks after early momentum from the French election continues to fade • Oil prices have also been volatile with both Brent and WTI seesawing either side of […]

Dubai: 09th May 2017 Gulf Islamic Investments LLC (GII) successfully completed a Sharia compliant growth capital financing round for Bion Group and further expands its investment portfolio with a foray into the lucrative transportation and logistics industry. Bion Group is ranked #1 heavy haul transportation company by customer base and ranked #4 heavy haul transportation company by trucks fleet size in the UAE and is a well-renowned […]

Virtustream announced Monday that it’s launching Healthcare Cloud, a service built on the Virtustream Enterprise Cloud that’s designed to meet the security, regulatory, and IT needs of healthcare providers. It provides an environment compliant with federal HIPAA and HITECH regulations with availability service level agreements of up to 99.999 percent. It can be deployed in a public, private, or hybrid cloud environment, with a set of on […]

Cofco, China’s powerful state-controlled grains company, is set to appoint the former chief executive and deputy chair of agricultural trader Louis Dreyfus Company as a non-executive director for its international agricultural trading arm. Serge Schoen, who resigned from the LDC board last year, is poised to become one of Cofco International’s four non-executive directors on the company’s 10-person board. His appointment comes as questions have been raised […]

08 May 2017 Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). This new facility will be used to re-organize the company’s debt and further enhance its operational and financial performance. QIB successfully originated, structured and executed the transaction which used an innovative financing structure to meet the […]

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