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Your daily guide to community and cultural activities across the Emirates for February 16, 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 Abu Dhabi Food trucks Love […]

Joo Kim Tiah, the son of one of Malaysia’s wealthiest tycoons, sat on stage in the summer of 2013 as his new business partner announced their plans for a C$360m luxury condominium-hotel project on Vancouver’s most prestigious downtown thoroughfare. With characteristic salesmanship, Donald Trump bragged that the 63-storey glass tower on West Georgia Street would be “one of the great buildings, not only in Canada and the […]

The reflation trade is back, in earnest. On Wednesday, all-world stock indices traded at all-time highs for the first time since spring 2015. US 10-year bond yields rose back to 2.5 per cent. Bank stocks rallied, with Goldman Sachs at an all-time high for the first time in a decade. So did tech stocks — Apple is back at a record. All of this after a hawkish […]

By Roberta Rampton and Noah Barkin | WASHINGTON/BERLIN WASHINGTON/BERLIN U.S. Vice President Mike Pence heads to Europe this week to meet with allies seeking clarity on the Trump administration’s foreign policy strategy and its stance towards Russia after the resignation of the top White House national security aide. Pence, who has hewn more closely to Republican orthodoxy than his boss President Donald Trump, will attend the Munich […]

Wednesday 14:30 GMT Overview Global equities were on track to close at all-time highs as Wall Street hovers near record levels in the wake of comments from Federal Reserve chair Janet Yellen. And Ms Yellen’s more hawkish than forecast rhetoric has been backed up on Wednesday by stronger than expected US retail sales and inflation data that are pushing up the dollar and bond yields, while leaving […]

WASHINGTON Feb 15 U.S. consumer prices recorded their biggest increase in nearly four years in January as households paid more for gasoline and other goods, suggesting inflation pressures could be picking up. The Labor Department said on Wednesday its Consumer Price Index jumped 0.6 percent last month after gaining 0.3 percent in December. January’s increase in the CPI was the largest since February 2013. In the 12 […]

Painting a relatively optimistic economic picture during Congressional testimony this week, Janet Yellen confirmed the Federal Reserve would raise interest rates gradually. It was clear in the sessions, though, that other factors would soon weigh on interest rates and markets. Fiscal policy could make the Fed more hawkish. Yet the political agenda of financial deregulation, coupled with President Donald Trump’s choices for several vacancies on the Fed’s […]

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15 February 2017 Abu Dhabi, UAE – Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi International Offset Conference (ADIOC) begins today. ADIOC is organized by the Tawazun Economic Council and is being attended by the global defense industry, government officials and sector experts. The biennial […]

Submitted by Don Quijones via WolfStreet.com, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble […]

Fast radio bursts seem to come from distant galaxies, but there is no obvious reason that, every once in a while, an FRB wouldn’t occur in our own Milky Way galaxy too. If it did, astronomers suggest that it would be ‘loud’ enough that a global network of cell phones or small radio receivers could ‘hear’ it. (via WSJ)

The four-star flagship hotel caters to the market with affordable package deals for all International explorers 15 February 2017 Dubai, UAE – In direct response to the demand from travellers’, Somewhere Hotels, one of Dubai’s most stylish mid-market hotel brands, recently opened the doors to its new 301-room hotel at the renowned and convenient location ‘Barsha Heights’, previously known as Tecom. Making this the second hotel opening […]

Dubai’s Emaar Properties intends to reopen its landmark Address Downtown hotel by the end of the year, some two years after the skyscraper was gutted by fire following an electrical fault, its chairman told Al-Arabiya TV on Tuesday. Mohammed Alabbar was speaking after the developer reported a 56 percent rise in fourth-quarter net profits, boosted by higher revenue from property developments as well as the performance of […]

After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came. Satoshi Tsunakawa’s head nodded for just one perfunctory second on Tuesday. Most assume there will be much deeper, longer bows to come as Toshiba leads investors, customers, employees and Japan as a whole through the country’s first […]

As central bankers seek to wean markets off quantitative easing and exit the dangerous experiment of negative rates, they increasingly fret about the resilience of credit markets. How worried should they be? The US Treasury’s Office for Financial Research, the European Central Bank and the Bank of England have all issued warnings in their financial stability reports voicing concern over whether we might see fire sales that […]

SK Telecom, Deutsche Telekom, and Ericsson have demonstrated an intercontinental 5G trial network that will allow roaming services for the upcoming next-generation network. The South Korean telco and its German counterpart’s network slices are now available in each other’s footprint, the companies said. The successful demonstration was hosted at Deutsche Telekom’s R&D center in Bonn, Germany and SK Telecom’s at Yeongjongdo, where it also tested 5G connected […]

ABB collaborates with DEWA to integrate solar energy and support UAE’s clean energy ambition Zurich, Switzerland, February 14, 2017  ABB has successfully energized a major substation that will help evacuate power from the  Mohamed Bin Rashid Al Maktoum (MBR) Solar Park, a key element of the vision to generate 7 percent of Dubai’s power from clean energy sources by 2020; 25 percent by 2030, and 75 percent […]

DUBAI // Reem bint Ebrahim Al Hashimy, UAE Minister of State for International Cooperation, used the last day of the World Government Summit to announce the formation of a National Committee on Sustainable Development Goals. In a session titled Collaboration to Achieving SDGs, the minister affirmed the UAE’s commitment to sustainable development and revitalised global partnerships by launching the committee and confirming the UAE will play host […]

When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]

Saudi Arabia is to host its first ever Comic Con as the Gulf kingdom aims to expand its offering of entertainment events. Supported by the recently-formed General Entertainment Authority, Comic Con will take place in Jeddah later this week. The authority is a government-sanctioned body borne out of Saudi Arabia’s Vision 2030 program and will partner with both government bodies and the private sector to grow the […]

By Manolo Serapio Jr | SANTA CRUZ, Philippines SANTA CRUZ, Philippines His brother kept telling him that the mine would reopen and he would be hired again: but when Winston Ordonez didn’t get a call from a mining firm, he took a laptop charger cable, tied it around his neck and hanged himself in his kitchen. Ordonez worked at the nickel mine operated by Eramen Minerals Inc […]

Ambitious plans to boost the UAE’s space programme by encouraging future generations of Emiratis to take up space and scientific research were announced on Tuesday. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said the objective of the Mars 2117 Project is to develop the skills and capacities of nationals. “The Mars 2117 Project is a long-term project, […]

Like a scene from “The Jetsons,” commuters in Dubai, in the United Arab Emirates, may soon climb aboard automated flying taxis, soaring over busy streets and past the desert city’s gleaming skyscrapers, all — quite literally — at the push of a button. Passenger drones, capable of carrying a single rider and a small suitcase, will begin buzzing above the emirate as early as July, according to […]

The reaction to a strike at the world’s largest copper mine underlines the sharp reversal in fortune in one of the world’s key metals over the past four months. Copper has jumped 5 per cent in the past two days to a two-year high after a strike at the Escondida mine in Chile raised supply fears about a market that has been starved of investment. The dispute […]

|By Arabian Post Staff| Human carrying drones are expected to be introduced into service within the public transport system by July 2017, Mattar Al Tayer, Chairman of the Dubai Roads and Transport Authority, announced at the World Government Summit in Dubai. The future of transportation, specifically the impending arrival of autonomous cars, was a major topic at the second day of the summit, attended by 4,000 global […]

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