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By Carmel Crimmins and Pamela Barbaglia | DAVOS, Switzerland DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. At the annual gathering of the world’s political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas’ rivals […]

The Forum will play host to a number of international experts as they work collaboratively to assess the conservation status of biodiversity on the Arabian Peninsula Sharjah, United Arab Emirates, 22 January, 2017, (ME NewsWire)  Under the generous patronage of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the Environment and Protected Areas Authority (EPAA) is pleased […]

When it comes to gourmet food, you can find all manner of creations in Dubai – from camel stir fry to truffle ice cream. Yet there is one thing missing – a Michelin star. That may be about to change, if recent rumours are to be believed. The prestigious 126-year-old French ratings guide recently expanded to Singapore, another expatriate-dominated hotspot. Last April, the international director of Michelin […]

In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]

While Turkey’s government later said that Mr. Simsek’s remarks had been misconstrued, it was clear that he had said a settlement without Mr. Assad would be “not, you know, realistic.” Continue reading the main story Both developments came as Russia, Turkey and Iran prepared to convene Syrian peace talks in Astana, the capital of Kazakhstan, beginning on Monday. For the first time, it looked likely that the […]

A driver sits in an Uber self-driving car in Pittsburgh, Pennsylvania on September 13, 2016 Evangelists for driverless cars see a bright future coming down the road: thousands of lives saved, countless driving hours freed up, cityscapes transformed with traffic jams vanquished. But the new technology also threatens millions of jobs and raises a slew of ethical dilemmas—prospects that were on the minds of business chiefs and […]

George Osborne, the former UK chancellor, is to join BlackRock, the world’s largest asset manager, as an adviser. BlackRock’s chairman and chief executive Larry Fink said the company wanted Mr Osborne’s “unique and valuable perspective on the issues affecting the world”, citing his work helping the UK and the G20 to recover from the financial crisis. “At the centre of our mission is helping people around the […]

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Many worry it would only set off new fighting with the Palestinians as well as the rest of the Arab world, a big price tag for a symbolic change that would hardly move the ball on the broader conflict. Continue reading the main story “I don’t know what’s in it for Trump,” said Akiva Eldar, a longtime Israeli columnist and co-author of a book on the issue […]

19th January 2017 Profile Software, an international financial solutions provider, today announced its sponsorship of the Middle East Wealth Management Forum organized by Hubbis, taking place on the 24th of January at the Ritz Carlton, DIFC in Dubai, UAE. Profile’s executives will demonstrate the client centric and innovative platforms that address the Wealth Management industry’s requirements. Profile supports thought provoking industry leading events for the Wealth Management […]

If this week’s speech by Theresa May on her Brexit plans was designed to reassure the City of London and stop banks from shifting jobs out of the UK, early indications are that it appears to have failed. The prime minister is scheduled to address business leaders at the annual World Economic Forum in Davos Thursday morning, but in the meantime a flurry of senior financiers popped […]

At The World Economic Forum’s Middle East and North African (MENA) Regional Business Council At The World Economic Forum’s Middle East and North African (MENA) Regional Business Council 18 January 2017, Davos The World Economic Forum’s Middle East and North African (MENA) Regional Business Council today launched a report outlining six policy reforms to create jobs and stability in the region. “We cannot continue to have one […]

By Kate Kelland | DAVOS, Switzerland, DAVOS, Switzerland, A global coalition of governments, health specialists and philanthropists will launch a new plan on Thursday to “outsmart” future disease epidemics with a fund to prepare and create new vaccines. Stung by the devastation of West Africa’s 2014-2015 Ebola outbreak, which killed more than 11,300 people before an effective vaccine was developed, the coalition is aiming to ensure such […]

Members of the new Hydrogen Council at the Davos World Economic Forum on January 17, 2017. Major industrial groups have decided to join forces to promote hydrogen as a source of energy, with the focus on reducing greenhouse gas emissions Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful […]

Adel Al-Jubeir, Saudi Arabian foreign minister, said the US may face a flood lawsuits if it retains its Justice Against Sponsors of Terrorism Act (JASTA) bill. The bill allows US nationals to sue foreign states for supporting terrorism, regardless of if they are on the US state sponsor of terrorism list or not, thus ending the concept of foreign sovereign immunity. Al-Jubeir warned that this would mean […]

Bloomberg’s Anne Swardson, Zoe Schneeweiss, and Andre Tartar perfectly summed up the state of play right now during their discussion of the World Economic Forum’s annual get-together: “Never before has the gap between Davos Man and the real world yawned so widely.” As the world’s top executives, financiers, academics, and politicians make their way to Switzerland, Trump – who won’t have an official representative there – has […]

Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum The event brings together the most inspiring personalities in space to shed light on their discoveries, experiences and hopes to inspire the UAE youth and community Al Shaibani: The space sector is of strategic importance in terms of shaping the future of science and technology in the UAE 18 January 2017 […]

As we observed in yesterday morning’s market wrap, while US market were taking the day off for the MLK holiday, China was busy defending an accelerating selloff across its stock markets. During Monday trading, having traded quietly lower for the past few days, Chinese stocks tumbled in early trading on the mainland and in Hong Kong’s offshore market amid weakness in Asian equities. The Shanghai Composite Index […]

By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground. Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index .NBI was down […]

A senior member of Donald Trump’s team insisted that the president-elect was committed to globalisation, open trade and Nato despite recent comments that unsettled America’s allies. Anthony Scaramucci, Mr Trump’s newly appointed public liaison official, told the World Economic Forum in Davos on Tuesday that the European and American elite had misunderstood Mr Trump and would change their views when he took office. In particular, he argued […]

Theresa May’s first big speech on Brexit since she became prime minister removed some of the political uncertainty that has dogged the pound. However, the messiness of the politics of Britain’s exit from the EU still tops the lost of reasons why sterling will remain under pressure. A list of the pound’s pros and cons quickly shows why it is languishing at levels last seen in the […]

In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick up in 2017 In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick […]

Photo Celebrations erupted in the courtroom when the verdict was announced. Credit Mohamed El-Shahed/Agence France-Presse — Getty Images CAIRO — An Egyptian court on Monday upheld a ruling that said the government cannot transfer control of two key Red Sea islands to its main financial backer, Saudi Arabia, deepening a rift between the two Middle Eastern countries. The alliance between Egypt and Saudi Arabia, two of the […]

By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing’s growing global role. Xi’s appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the […]

FM EXPO Saudi 2017 and Saudi Clean Expo running until 17 January at the Jeddah Centre for Forum & Events Jeddah, 16 January 2017  FM EXPO Saudi 2017 and Saudi Clean Expo opened its doors to thousands of visitors as industry professionals turned out in force to learn more about this growing industry. With the support of Advanced Facilities Management, the headline sponsor of FM EXPO Saudi […]

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