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Kuala Lumpur, 10 March 2017 Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced its RM2.2 billion equivalent dual currency issuance, comprising a 5-year RM2.0 billion Conventional Medium Term Notes (CMTN) which was issued under Cagamas’ existing RM40 billion Medium Term Notes Programme and a 1-year SGD50 million Sukuk. The issuance was issued through the Company’s wholly-owned subsidiary, Cagamas Global Sukuk Berhad under […]

ABU DHABI // The number of Emirati students opting to enrol in Stem courses is slowly increasing, educators say. While about 70 per cent of students choose to study business or business-related subjects, more are looking at the benefits of choosing science, technology, engineering and mathematics courses, said Dr Warren Fox, head of higher education in Dubai’s education regulator, the Knowledge and Human Development Authority. “There’s change […]

Turkey saw just four percent growth in its internet population, but that means two million more people are online. Image: Getty Images “Digital is growing faster in the Middle East than anywhere else in the world,” Simon Kemp, founder of Kepios, tells ZDNet. Kemp, a marketing strategist based in Singapore, is the author of six annual studies charting the trends in mobile, the internet, and social media […]

The US government’s benchmark borrowing costs remained above 2.6 per cent on Friday as investors anticipated robust US employment data ahead of a likely Federal Reserve interest rate increase next week. The benchmark 10-year yield — one of the most widely followed interest rates in the global economy — was at 2.61 per cent by early in London, its highest level since December and up from below […]

The UAE leads the Middle Eastern wellness tourism market, with an average of 1.7 million wellness trips generating $2.7 billion annually, according to new research. The country accounts for 14 percent of the MENA spa market, said Colliers Experiential Travel Series in a report which added that Morocco, Tunisia and Jordan were also prominent players in the regional market. It said wellness trips in the UAE have […]

Via Jim Quinn of The Burning Platform blog, In Part One and Part Two of this article I revealed how the Deep State’s fake data and fake news propaganda machine can be overcome by opening your eyes, observing reality, understanding how Fed created inflation has destroyed our lives, and why the election of Trump was the initial deplorable pushback to Deep State evil. “The notion that a […]

By Shinichi Saoshiro | TOKYO TOKYO Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report due later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent, taking cues from a modest bounce in Wall Street overnight. Japan’s Nikkei climbed more than 1 percent on the back of […]

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New York and London are locked in a frantic race to be the main international listing venue for Saudi Arabia’s initial public offering of its state oil company, emerging as clear frontrunners in what is set to be the world’s biggest ever flotation. Executives from the New York Stock Exchange and London Stock Exchange have held talks with Saudi Aramco, the state group valued at as much […]

Viva Republica CEO SG Lee Image: Viva Republica Viva Republica, maker of peer-to-peer money transfer app Toss, announced that it has raised $48 million in a Series C round led by San Mateo-based VC firm Goodwater Capital, with PayPal, Bessemer Venture Partners, Altos Ventures, and Partech Ventures also contributing to the round. The latest funding round brings the total amount raised by the Seoul-based company to 87.5 […]

Report launched in the Middle East in partnership with the Government of Dubai Media Office HE Mona Al Marri: “Report will contribute to the international dialogue at the Forum and guide government communication professionals and decision makers in finding new opportunities for optimising their strategic approach, in addition to understanding the challenges that need to be overcome in a rapidly changing environment.” WPP Leaders’ Report […]

ABU DHABI // Pupils will soon be able to learn about the country’s natural habitat when biodomes are built at their schools. To help educate the youth of the nation on plant science, local company Indkarta and the Environment Agency Abu Dhabi will erect biodomes – a form of greenhouse – planted with local mangroves, at schools. The company started the project at the Philippines Global School […]

Tunis and Dubai, March 9, 2017 – Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges. Ways to promote Islamic capital markets products and solutions will also be considered under the MoU, together with supporting potential links between central securities depositories in the respective jurisdictions. The […]

By Jonathan Stempel | NEW YORK NEW YORK Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt that was a major factor in the collapse of his company MF Global Holdings Ltd, and said the auditor of the futures and commodities brokerage should have flagged any accounting problems. Corzine, also a former New Jersey senator and Goldman Sachs Group Inc (GS.N) co-chairman, […]

Another day, another Snapchat Stories copycat arriving on another messaging app. Facebook launched a new feature for its stand alone messaging app on Thursday called Messenger Day, which allows users to capture photos and videos, add stickers and effects, and share their “day” with their friends. Those who are fans of Snapchat or Instagram Stories will feel right at home with Messenger Day. The feature is also […]

Oil prices were under intensifying pressure on Thursday, with the US West Texas Intermediate benchmark dipping below $49 a barrel for the first time since late November. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for a ninth straight week to a record high. Renewed concerns about a supply glut sent ripples […]

A melting pot of nationalities and a new entry visa system to attract professionals has propelled the UAE to the top of the list of the best countries to start a career and study aboard, according to a new survey. The US News and World Report survey, released this week, ranked the UAE 22nd out of 80 countries surveyed for the best countries in 2017. The country […]

By Toby Sterling | AMSTERDAM AMSTERDAM Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc (PPG.N) on Thursday, saying instead it wanted to “unlock value” by spinning off its chemicals business. PPG’s unsolicited offer comes just days before an election where the vulnerability of the biggest Dutch companies to foreign takeover has […]

The tour to the city included a special preview on the first ever complete model of the Sustainable City to be showcased at the Future Cities Show 2017 Dubai, 9 March 2017: The UAE Minister of Infrastructure Development, His Excellency Dr. Abdullah bin Mohammed Belhaif Al Nuaimi visited ‘The Sustainable City’ – the region’s first sustainable and integrated project and the first residential project in Dubai that produces clean energy, […]

DUBAI // The UAE is leading the region in government-citizen communication and trust, according to a report on the future of government communication. The WPP Leaders Report, launched in the Middle East for the first time in partnership with Dubai Media Office, found that the UAE was one of five Middle Eastern countries that stood out in terms of trust citizens have in their government and having […]

Thursday 14:30 GMT Overview The euro is firmer and Bund yields are trundling higher with Treasuries after the European Central Bank stood pat on interest rates and indicated it was not looking to ease policy further. Oil prices tried to rally but have resumed their sell-off, putting energy stocks under pressure and weighing on equity benchmarks. Hot topic (1) After a period when politicians seemed to rule […]

Oil prices were back under pressure on Thursday, with the West Texas Intermediate benchmark falling under $50 for the first time since December. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for the ninth straight week to a record high. Renewed concerns about a supply glut sent ripples through the currency market […]

Mercy Corps, a leading American charity that uses Turkey as a base to aid hundreds of thousands of civilians upended by the war in neighboring Syria, was forced to curtail its work on Wednesday after the Turkish government abruptly revoked its registration to operate. “Our hearts are broken by this turn of events, which comes after five years of cooperation with the government of Turkey and other […]

09 March 2017 AMMAN – Talal Abu-Ghazaleh & Co. Consulting (TAG-Consult) for Quality Management Systems and Sana Pharmaceutical Industries signed a cooperation agreement for the preparation and application of CE Marking (the European quality mark) under the supervision and with the funding of the European Bank for Reconstruction and Development (EBRD). The agreement is considered the first of its kind in the field of management system consulting […]

Via Damiel Lang of SHTFPlan.com, Since the end of World War Two, the United States has established itself on every continent with hundreds of military bases, and has sent troops to foreign nations (both covertly and overtly) on so many occasions that it’s difficult to keep track of them all. And this doesn’t even take into account the nations that our government has quietly and successfully pressured […]

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