A little over two years ago, a lone vehicle made a landing on a surface of another world and by doing so sent a message to ours. The vehicle was Nasa’s Curiosity rover, the world was Mars and the message was that a new space race had begun. While it may be a less theatrical race than the one to the moon, the celestial ambition is certainly […]
A think tank has called on global leaders to introduce new powers to recover stolen assets from Middle Eastern dictators. A report by Transparency International claims that a $12 million residential property in London owned by the son of deceased Libyan dictator Muammar Gaddafi is the only illicit asset recovered by UK authorities from corrupt Arab regimes. The report specifically investigates the UK’s role in recovering stolen […]
November 24, 2016 by: Jamie Chisholm, Global Markets Commentator Thursday 08:30 GMT. European equity markets are trading cautiously in the wake of solid US data that bolstered the case for a near-term rate rise from the Federal Reserve and which has triggered another bout of dollar strength. The rampant buck is battering many emerging market currencies and leaves gold down $5 to $1,182.5 an ounce, the metal’s […]
Brig. Gen. Abdul-Wahab al-Saadi, another special forces commander, said he had known from the beginning that no one would rise up. Iraqi officials had hoped that keeping civilians in their homes while counting on residents to rise up would also avert the type of destruction in Mosul that was seen in Ramadi, another Islamic State-held city, which was liberated at the beginning of the year but was […]
Submitted by Brandon Smith via Alt-Market.com, As I noted in my last article World Suffers From Trump Shellshock – Here’s What Happens Next, there are two primary consequences of a Trump presidency that actually serve globalists and elites in the long run. The first is the consequence of a perfect scapegoat for the economic crisis which the elites have been gestating since 2008. Trump enters the White […]
|AN ARABIAN POST SPECIAL| A little or lesser known DIFC company floated by a few Indians is caught up in a controversy involving a big ticket acquisition worth billions of dollars. The acquisition bidder claims that the bid for a major gaming company was made on the basis of funding commitment by the DIFC company, which however denies any connection with the bid. The controversy relates to […]
So Brexit was not a historical accident after all. The Trump victory seals it. A complacent, mainly urban liberal class, has been undone by a revolt. Nationalists are in charge of Washington and London now. These “strongmen” and “strongwomen” will control borders, restrict the movement of labour and subject cross-border M&A to ever tighter public scrutiny tests. Security will come first. The twin freedoms of capital and […]
The US government bond market suffered a renewed sell-off and the dollar powered to a fresh 13-year high on Wednesday, as stronger economic data bolstered the case for an interest-rate increase and reinforced the view that the multi-decade bond bull market has reached a turning point. The Republican sweep of the White House and Congress, coupled with president-elect Donald Trump’s promise to unleash a $1tn economic stimulus […]
In baseball lore the moment has been preserved in amber, alongside Lou Gehrig’s farewell at Yankee Stadium, Don Larsen’s perfect game in a World Series and “the Catch,” Willie Mays’s spectacular over-the-shoulder, warning-track snare of a Series blast at the same Polo Grounds, three years after Thomson’s “shot.” It was immortalized in American literature by Don DeLillo, who opened his 1997 novel, “Underworld,” with an extended passage […]
Mid-morning last Friday, as Tokyo’s foreign-exchange traders were contemplating lunch, the first pictures of Donald Trump meeting the Japanese prime minister, Shinzo Abe, flashed up. The yen bears loved it. Setting aside the gold-encrusted Babylonian decor of Trump Tower and forced bonhomie, conventional market wisdom before November 9 was that an image like this would send global investors everywhere screaming into haven, long yen positions. Forget an […]
At the Bundesbank’s Frankfurt offices, its dealers sit in front of rows of Bloomberg and Reuters terminals and search for €10bn-worth of their government’s bonds to buy each month. As prices for the debt hit record highs earlier this year, they struggled to find bonds cheap enough to meet their target, set as part of the European Central Bank’s quantitative easing programme. Now, as investors anticipate higher […]
The report comes as part of the Ministry’s contribution to UAE Innovation Week 2016 H.E. Noura Al Kaabi: We are always looking to draw lessons from our experiences; this report allows us to look back on our processes and plans and build on them to keep improving our electoral process moving forward Abu Dhabi, November 23, 2016 The Ministry of State for Federal National Council (FNC) […]
South Korea on Wednesday signed a military intelligence-sharing pact with Japan aimed at better managing the threat from North Korea’s increasingly active missile and nuclear weapons programmes. The deal, which comes as Seoul scrambles to adjust to the region’s shifting geopolitical landscape, has faced fierce domestic opposition from critics who slam it as an example of embattled President Park Geun-hye’s unilateral decision-making. Ms Park is embroiled in […]
For some frustrated fans, that premise may seem incongruous or maddening, but it is the reality. Consider this, too: Gulati draws no salary from U.S. Soccer to compensate him for his grief. Continue reading the main story Because U.S. Soccer is a nonprofit body that oversees all facets of the sport in the United States — as opposed to a for-profit professional sports team or league — […]
Bank of Singapore, a unit of Oversea-Chinese Banking Corp, said on Tuesday it had received a licence to open a branch in Dubai International Financial Centre (DIFC) as it aims to tap demand from wealthy individuals in the Middle East. The bank said the licence allows it to conduct private banking including investment, credit and wealth planning advisory services to its ultra-high and high net worth clients. […]
Global lenders’ need to cut the mounting cost of running their swaps portfolios has turned what was once a cottage industry into a cornerstone of the global derivatives industry. BGC Partners, the US interdealer broker, became the latest to underline this trend after revealing the value of interest rate swaptions it had torn up for banks this year more than trebled to $3.5tn. A swaption gives a […]
Your daily guide to community and cultural activities across the Emirates for November 23, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Comedy show Attend Comedy at the Greek and have some fun with the Yalla Laughs crew, featuring top local and regional comedians including Marwan Al Hashimi, Jon Boulton, Christian Plouvier, Akshay Ahuja, […]
Jeddah, Kingdom of Saudi Arabia, 22 November 2016 President of the Republic of Benin, H.E. Patrice Talon, paid an official visit to the Islamic Development Bank (IsDB) Group headquarters in Jeddah today. He was officially welcomed by IsDB President, Dr. Bandar Hajjar, as well as Vice Presidents and heads of the Bank’s entities. President Talon expressed his country’s willingness to scale up ongoing cooperation with the IsDB […]
Photo A de-mining operation in Kandahar Province, Afghanistan, in February. Credit Javed Tanveer/Agence France-Presse — Getty Images Despite a global treaty that bans land mines, casualties from those weapons and other unexploded munitions lurking in current and past war zones rose sharply last year to the highest point in a decade, a monitoring group said Tuesday in its annual report. The group, the International Campaign to Ban […]
Investors pushed US equity benchmarks further into record territory on Tuesday, buoyed by expectations of a hefty economic spending plan by the incoming Republican administration. The S&P 500 rose 0.2 per cent to 2,203 in the opening minutes of trading while the Dow Jones Industrial Average popped above 19,000 for the first time. That came a day after Wall Street set a quartet of records, with all […]
Sitting on a bench outside a butcher’s shop in Bagnoli, a gritty Naples suburb, Emanuele Fusco can only speak scathingly of Matteo Renzi and his referendum to change Italy’s constitution that will be put to a vote on December 4. The 25-year-old barman says the prime minister’s government has been no different to those previously that failed to regenerate the area after the demise of the steel […]
Tuesday 08:00 GMT. European stocks are following a positive Asian session as global investor sentiment is buoyed by simultaneous record highs for Wall Street’s main equity gauges. A steadier dollar and further gains for oil prices are supporting the chipper mood. After the FTSE Asia Pacific index rose 0.8 per cent, the pan-European Stoxx 600 is advancing 0.7 per cent. Germany’s Dax is up 0.6 to challenge […]
Dubai’s Shuaa Capital announced on Monday the completion of a deal allowing Abu Dhabi Financial Group (ADFG) to buy a 48.36 percent stake in the investment bank. Alternative investment firm ADFG agreed in June to acquire the stake from Dubai Banking Group, a subsidiary of Dubai Group. Shuaa received approval from both the central bank and the stock market regulator last week and the deal has now […]
Riyadh, 22 November 2016 Investcorp, a global provider and manager of alternative investment products, today announced that an entity managed by it has invested in a stake in the leading private medical laboratory chain in the GCC, Al Borg Medical Laboratories (“Al Borg” or the “Company”). Established in 1999 in Jeddah, Al Borg has 53 laboratories across eight countries in the GCC and Africa, with a clear […]
