The two projects, the first to open since Mr. Trump became president, are among the dozen international business deals from his former life still moving forward — from India to Indonesia, Uruguay to the Dominican Republic. None of them are “new deals,” as defined by the family, as they were already well underway before the election. Continue reading the main story A Web of Complications Mr. Sajwani […]
UAE-based pharmaceutical manufacturer Julphar has reported a positive outlook for 2017 despite “difficult and uncertain” times in the regional economic cycle. The company, which announced the launch of two medications prescribed for the management of Type 2 diabetes, as disease rates hit record levels in the Middle East in October, said it expected the MENA pharmaceutical markets to improve in 2017. Julphar said its pipeline of new […]
19 February 2017 Manama – (The 13th Annual Middle East Insurance Forum (MEIF 2017), being held in partnership with the Central Bank of Bahrain (CBB), is set to commence on 20 February 2017 in the Kingdom of Bahrain with the expected participation of more than 400 high level attendees to explore “Current Challenges and their Implications on the Regional Insurance Industry – The Road Ahead”, the theme of this year’s event. A […]
Saudi Arabia officials and executives of around 14 companies plan to embark on a marketing tour of Singapore and Hong Kong next month to attract Asian investors in the $430 billion stock exchange, banking sources told Reuters on Thursday. The HSBC Saudi Arabia Investment Forum will include stops in Singapore on March 1-2 and Hong Kong on March 3, the sources said. The trip reflects the rising […]
By Jeff Mason | WEST PALM BEACH, Fla. WEST PALM BEACH, Fla. Retired general and former CIA chief David Petraeus is no longer a candidate to be President Donald Trump’s national security adviser, thwarted by differences over who controls staffing decisions within the White House’s National Security Council. Petraeus did not make the cut of those invited to Florida for an interview with the president this weekend, […]
By Michelle Price / ReutersHONG KONG — Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory’s government has been rattled by last year’s Panama Papers scandal, which showed that Hong Kong […]
Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]
By Laurence Frost and David Milliken | PARIS/LONDON PARIS/LONDON The chief executive of Peugeot manufacturer PSA Group (PEUP.PA) will meet British Prime Minister Theresa May to discuss his firm’s planned acquisition of General Motors’ (GM.N) Opel and Vauxhall operations, a government spokesman said on Saturday. Both Britain and Germany fear PSA will cut jobs if the takeover goes ahead, and British politicians are particularly concerned that the […]
February 18, 2017 by: Peter C ampbell, Motor Industry Correspondent Theresa May has agreed to meet PSA chief executive Carlos Tavares to discuss the French carmaker’s proposals to buy General Motors’ European operation Opel, which includes Vauxhall. Downing St confirmed the prime minister’s involvement as talks between PSA, the owner of Peugeot and Citroen brands, and GM move towards a conclusion, which is expected in the next […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what if Donald Trump strong-armed media advertisers in the same way he’s trying to get companies to keep jobs in the United States? The subject was broached by a faraway observer after Trump’s angry and rambling anti-press rhetorical screed […]
18 February 2017 Manama, Bahrain – The American Chamber of Commerce Bahrain (AmCham Bahrain), the hosts of this year’s AmCham MENA Regional Council’s Bi-Annual Forum, today announced the Bahrain Economic Development Board (EDB) as the Strategic Partner for the upcoming event being held on the 15-16 March 2017 in the Kingdom of Bahrain. The Forum, which aims to promote trade and investment between the United States and markets of the Middle […]
LONDON Britain has offered Peugeot manufacturer PSA Group (PEUP.PA) assurances on post-Brexit trade and supply chains in an attempt to protect Vauxhall car plants after a possible takeover, the Financial Times reported on Saturday. Business minister Greg Clark met French politicians and PSA executives in Paris on Thursday to discuss their plan to buy General Motors’ (GM.N) European unit, Opel, which include Vauxhall plants in Britain. The […]
Submitted by Matthew Continetti via FreeBeacon.com, How bureaucrats are fighting the voters for control of our country Donald Trump was elected president last November by winning 306 electoral votes. He pledged to “drain the swamp” in Washington, D.C., to overturn the system of politics that had left the nation’s capital and major financial and tech centers flourishing but large swaths of the country mired in stagnation and […]
18 February, 2017 ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan has submitted an affidavit to the Supreme Court seized with the Panama Papers case, asking it to ignore the two Qatari letters produced by the Sharif family as evidence of their stance in the case. In the letters dated Nov 5 and Dec 22, 2016, former Qatari prime minister and foreign minister Sheikh Hamad […]
Committed to its new strategy to support the corporate sector with innovative financing solutions 18 February 2017 Kuwait – Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al-Mulla International Financing to reach the amount of 50 Million Kuwaiti Dinars. This substantial agreement reflects Warba Bank’s […]
When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]
This market reminds us of this…“none shall fall” Gold remains 2017’s biggest gainer, oil is down, bonds flat and the panic bid this week dragged The Dow higher… After 6 straight intraday ramps in the S&P 500, the last two days – since Catalyst stopped its forced covering – have seen the character of the market shift notably… On the week, Nasdaq was the […]
Part of a poster issued by the British tax authorities to counter offshore tax evasion in 2014. PHOTO: H.M. Revenue & Customs Through the Panama Papers released at the beginning of last year, the offshore tax haven activity of the national elites were seen in the full light of day by citizens. The reverse engineering of the internal database of one of the world’s leading offshore money […]
Twenty years ago, tech-savvy aspiring enterpreneurs joined a dot-com. Now, developers, programmers, and engineers gravitate to mobile apps and social media companies. But given the latest round of big-buck acquisitions, self-driving car technology could be the latest gold rush for ambitious and talented geeks. Auto makers and tech firms like Uber and Apple are seeking to supercharge their autonomous tech via acquisitions and talent poaching. […]
Why would lobbyists donate to Trump’s transition team, which served as the official “government-in-waiting” that worked to craft the new administration’s policies and identify potential presidential appointees? “Money buys access and influence,” said Craig Holman, a lobbyist for the public interest group Public Citizen, adding that he’s disappointed by the actions of a candidate who pledged to “drain the swamp” in Washington, D.C. “Trump isn’t carrying through […]
Estimated failure rates from single event upsets at the transistor, integrated circuit and device level for the last three semiconductor architectures. Credit: Bharat Bhuva, Vanderbilt University You may not realize it but alien subatomic particles raining down from outer space are wreaking low-grade havoc on your smartphones, computers and other personal electronic devices. When your computer crashes and you get the dreaded blue screen or your smartphone […]
By Yashaswini Swamynathan U.S. stocks were set to open lower on Friday, after a record-setting few days on Wall Street, as investors await clarity on economic policy and ahead of a long weekend. The S&P 500 has risen about 5 percent so far in 2017, with the Dow Jones Industrial Average up 4 percent, mainly on signs of an improving economy and promises by President Donald Trump […]
A Spanish court has sentenced the king’s brother-in-law to six years and three months in jail, delivering a harsh blow to the standing of the monarchy at the end of a long-running criminal trial that has captivated the nation. Iñaki Urdangarin, a former Olympic handball player and the husband of Princess Cristina, was found guilty of fraud, corruption and a range of other charges. The prosecution had […]
“Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before tax plan rollout!” Donald Trump tweeted this week. It is a statement that goes beyond the president’s usual rhetoric. Indeed, Wall Street had a record-setting week that included the four key US stock benchmarks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the […]
