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Manama, Bahrain (21 February 2017) Seef Properties, the leading integrated development company in the Kingdom of Bahrain, announced its financial results for the year ended on 31 December 2016 with a net profit totaling BD11.04 Million. The results were announced during a meeting held on February 21st 2017, headed by Chairman Mr Essa Najibi. The Board of Directors also decided to recommend to the General Assembly to […]

Saudi Arabia has invited investors to submit requests to qualify for the first round of its $30-$50 billion National Renewable Energy Programme by March 20, it said on Monday. Saudi Arabia is targetting 9.5 GW of renewable energy by 2023 in line with Vision 2030, an economic reform plan launched last year to diversify the economy beyond oil. The renewable programme involves investment of between $30 billion […]

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 […]

Whatever route the government chooses for Brexit it will need to cooperate with other countries, especially our EU neighbours, to combat tax avoidance, tax evasion and money laundering. Yet the signs are not very good as the government seems to have chosen non-cooperation. It has snubbed the EU inquiry into the Panama Papers. Last year, a leak of 11.5m documents and 2.6 terabytes of information from the […]

Restaurant Brands International Inc (QSR.TO), owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen (PLKI.O) for $1.8 billion in cash. The deal is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes’ Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Popeyes shareholders will get $79.00 for each […]

DUBAI // A salesman who threatened to kill his ex-fiancée and show her parents a video of them having sex if she did not marry him has been sentenced to three months in jail. The 32-year-old from Lebanon was convicted of issuing threats by Dubai Criminal Court. The defendant was engaged to the Iranian victim, 27, for three years before they broke up after she discovered he […]

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 […]

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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 […]

21 February 2017 Dubai – Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, announced today that it has partnered with Dubai-based  Arqaam Capital, the specialist emerging markets investment bank, to provide U.S. investors with greater access to the Middle East and South Africa. Through its exclusive partnership with Arqaam Capital, […]

Samsung’s standing in the United States plummeted by 42 places, a new reputation poll reveals. Considering how the whole Galaxy Note 7 fiasco — among other things — stirred up the tech world for both consumers and manufacturers alike, it shouldn’t come as much of a surprise that the South Korean brand is taking quite a hit regarding its position in the market. Samsung’s Reputation In The Eyes […]

Submitted by David Stockman via The Ron Paul Institute for Peace & Prosperity, General Flynn’s tenure in the White House was only slightly longer than that of President-elect William Henry Harrison in 1841.  Actually, with just 24 days in the White House, General Flynn’s tenure fell a tad short of old “Tippecanoe and Tyler Too”.  General Harrison actually lasted 31 days before getting felled by pneumonia. And the circumstances were considerably more benign. It seems that […]

MANILA, Philippines –  A retired Philippine police officer said Monday that President Rodrigo Duterte, when he was a mayor, ordered and paid him and other members of a so-called liquidation squad to kill criminals and opponents, including a kidnapping suspect, his family and a critical radio commentator. Human rights lawyers who presented Arthur Lascanas at a news conference said the allegations could be grounds for impeaching Duterte, […]

Abu Dhabi, February 20, 2017 His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, issued a law to establish the Khalifa University of Science and Technology. The decree renames the university as “Khalifa University of Science and Technology”. The new entity will have an independent legal personality, financial and administrative independence, and full legal competence to […]

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 […]

Trump Is Playing You Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci Written by Soren K and MarketSlant.  There is one thing Hillary and Donald agree on. You are idiots. She said it. He thinks it. In fact the voting populace is largely brain damaged. And those who aren’t quite vegetables yet will become pacified with iphones, slot machines, […]

The Panama Papers scandal is the mother of all corruption cases which continues to haunt Joseph Muscat’s Government till this day, Beppe Fenech Adami told the PANA committee today. The PANA committee is in Malta to investigate the Panama Papers scandal, which brought to light the fact that Minister Konrad Mizzi and OPM chief of staff opened companies in Panama. The full declaration of […]

Presidents Day 2017 is this Monday, Feb. 20, and many businesses and institutions are closed for the day. Schools, banks, post offices and more are not working today, but there are still plenty of businesses and services operating normally. Pictured here are the sculptured heads of the American presidents, from left to right, George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln, carved into Mount Rushmore, South […]

Your daily guide to community and cultural activities across the Emirates for February 21, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Nationwide New movie The Remains […]

Does Uber worship business performance at the expense of ethics? That question flared up again at the start of this week, after a former programmer complained about sexual harassment at the car-booking company — and a culture she claimed turned a blind eye to misbehaviour in order to protect high-performing employees. As the world’s most valuable private technology company, Uber is the most prominent start-up to emerge […]

Doha, 20 February 2017 Al Khalij Commercial Bank (al khaliji) Q.S.C. held its Annual General Assembly (AGA) and its Extraordinary General Assembly (EGA) meetings on Monday 20 February 2017. At the Annual General Assembly meeting, the shareholders endorsed the financial statements for the fiscal year ended at 31 December 2016 which reflect a Net Profit after Tax of QAR 427 million. His Excellency Sheikh Hamad Bin Faisal […]

Travis Kalanick has it all worked out. Just ask him. He sees the future, and what it looks like is pretty different from what most people experience every day. Not surprisingly, it all starts with Uber. With a ride-sharing system, says the 40-year-old bachelor and CEO of the transportation company that has gained global notoriety, one car can be shared by 30 people. “The cost of that […]

The quaint cobblestone streets of the historic Gastown district of Vancouver belie its status as a fast-growing technology hub. Drawing on links with nearby Seattle, and San Francisco further south, a tech boom in Canada’s third-largest city has pulled in tens of thousands of skilled workers and start-up entrepreneurs in recent years, sparking a fierce fight for the limited supply of office space. Now the commercial centre […]

Some of the world’s biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. With some $6.5 trillion in assets, sovereign investors already account for 19 percent of capital committed to private equity, according to data from research firm Preqin. But mega-funds such as the Abu Dhabi Investment […]

The European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion, known as PANA, is holding a string of meetings in Malta today to interview, among others, No Portfolio Minister Konrad Mizzi following revelations that he had secretly opened a company in Panama. Dr Mizzi was the only serving minister in the European Union to be named in the Panama Papers, 11.5 million documents […]

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