DUBAI // After living in the UAE for three years, Peter, an Irish lawyer in Dubai, had gained 17 kilograms. Even though he exercised five days a week, he was unable to lose weight. What the expatriate did not know was he was caught in a vicious cycle between obesity and sleep apnoea, a disorder in which a person experiences shallow breaths or pauses in breathing during […]
Dow 20,000 is here at last. No regular reader — or indeed, any sentient and sensible human being — should base any investment decision on the Dow. Its methodological flaws are irremediable. And in any case, round numbers should not matter. One brief illustration of the Dow’s primitive methodology will suffice. Just five of its stocks — Goldman Sachs, IBM, Boeing, UnitedHealth and JPMorgan Chase — account […]
More details have been released about the centrepiece of the AED1.1 billion ($300 million) Cityland Mall, which will be built in Dubai as the world’s first nature-inspired shopping complex. Central Park, the 200,000 sq ft open-air garden which will form the core of the mall, will feature an array of attractions such as a mini version of Miracle Garden, a children’s water park, a 300-year old ancient […]
Contemporary dance, live music, affordable art and specialised tours of some of Dubai’s leading galleries are all part of this weekend’s Quoz Arts Fest. Taking place in Alserkal Avenue and the surrounding areas, the event is back for its fifth edition, with more than 30 venues participating in the free festival. Alserkal Avenue director Vilma Jurkute says the fact that the event has grown since its inception […]
Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]
The Dow Jones Industrial Average on Wednesday rose above 20,000 points for the first time marking a milestone for Wall Street’s venerable equity barometer as the Trump trade that stalled at the onset of 2017 resumes. The gauge of blue-chip companies climbed 0.5 per cent to 20,014 in opening trading, as US equities extended their record-setting rally that began after the presidential election in November. Investors have […]
Bloomberg has gone where MSCI feared to tread, becoming only the second major index provider to include China’s onshore markets in widely-followed benchmark indices in a move that could prompt rivals to follow suit. China is home to the world’s second-largest stock market and the third-largest bond markets, but its tight control of onshore activity has made its inclusion in flagship indices contentious, with many investors arguing […]
Jan 25, 2017 11:55 am IST India will put its military hardware on display Thursday, as the country celebrates its 68th Republic Day in New Delhi. A parade along the city’s ceremonial boulevard Raj Path, which starts at 9 a.m. India time (10.30 p.m. ET), will showcase Indian culture and the country’s achievements in the fields of science and technology. The celebrations, which mark the day the […]
Dubai International Airport, the hub for Emirates airline, expects passenger growth to slow over the next eight years due to capacity limitations, the operator’s chief executive said on Tuesday. The world’s busiest international airport registered 7.2 percent passenger growth in 2016 to 83.6 million, operator Dubai Airports said in a statement. It is the airport’s second slowest growth rate in at least eight years, according to Reuters […]
By Andrea Shalal | BERLIN BERLIN Growing levels of perceived corruption and social inequality provided fertile ground for the rise of populist politicians in 2016, global watchdog Transparency International said on Wednesday. TI said populist leaders like U.S. President Donald Trump and French presidential candidate Marine Le Pen regularly drew links between a “corrupt elite” and the marginalisation of working people. But anti-establishment parties generally failed to […]
By Tetsushi Kajimoto | TOKYO TOKYO Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and dent external demand. Ministry of Finance data showed on Wednesday that exports rose 5.4 percent year-on-year in December, compared with a 1.2 […]
Until recently, oil rich Gulf states could afford to ignore global bond markets. While developed and developing countries issued record sums of debt in the years after the financial crisis, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates used the vast oil wealth to propel themselves to affluence. The states — members of the six-country Gulf co-operation council — built skyscrapers, schools and motorways […]
Leading above-the-neck protection PPE manufacturer outlines its global re-launch at Intersec and commitment to driving safety standards the region 24 January, 2017, Dubai, UAE: Centurion, world leaders in above-the-neck protection, have today officially unveiled a major global rebrand and focus on the Middle East at the Intersec trade fair in Dubai. This follows news of Centurion putting in place manufacturing tools to mould products for the region […]
By Mitra Taj and Teresa Cespedes | LIMA LIMA A top Latin America executive of Brazil’s Odebrecht SA [ODBES.UL] pushed back against calls to bar the company from countries where it has admitted to bribery across the region, warning “radical” reactions would jeopardise its ability to pay penalties. Odebrecht is “struggling to survive” in the wake of a growing graft scandal in Latin America and wants to […]
Indian Prime Minister Narendra Modi is set to speak with U.S. President Donald Trump on Tuesday in a conversation that will set the tone for future relations between the world’s largest democracies. New Delhi hopes it can begin to decipher what the country’s top diplomat, S. Jaishankar, last week called a world in 2017 filled with “known and unknown unknowns”—a reflection on the rapidly-changing global landscape marked […]
Your daily guide to community and cultural activities across the Emirates for January 25, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screening Catch a screening of A Barefoot Dream, as part of the Cinema Space film series. The Korean film, based on a true story, focuses on former footballer Kim Won-kang (Park […]
President Donald Trump has quickly moved to reverse another of Barack Obama’s signature policies, backing two multibillion-dollar oil pipeline projects that became test cases for Washington’s commitment to addressing climate change. Mr Trump said the Keystone XL and Dakota Access pipelines would help to meet his campaign promise of producing new blue-collar jobs at home, insisting that any portions built in the US would have to use […]
Via GEFIRA, US-centric media are reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries. If we consider the European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU’s holdings are artificially overstated […]
Alibaba Group has reported a 54 percent year-on-year revenue growth to US$7.67 billion for the quarter, ended December 31, fuelled by record sales from China’s Singles Day online shopping festival. The Chinese e-commerce operator said revenue from its core commerce business, which included its Taobao and Tmall online platforms, climbed 45 percent to US$6.71 billion (46.58 billion yuan). It pointed to record sales from the November 11 […]
Donald Trump is now president. This challenges many of us, not least members of the press. Countless reporters are still shaken and stunned by how he singled out a CNN reporter, one of the most respected news outlets in the world, to attack and humiliate him during his first press conference since winning the elections. Worryingly, none of his fellow journalists in the room stood up for […]
24 January 2017 Nigeria’s leading transport and logistics experts will gather for the historic maiden edition of Multimodal West Africa 2017 (MMWA) from Tuesday, 14th to Thursday, 16th March 2017 at the Landmark Event Centre, Victoria Island, Lagos. Most of the industry stakeholders are excited about the Exhibition as they believe it will adequately reposition the Transportation and Logistics sector, which used to be noted for its […]
By Bernie Woodall | DETROIT DETROIT Ford Motor Co (F.N), in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors’ vehicles. Omnicraft joins Ford’s established Motorcraft which makes parts for Ford vehicles. Frederiek Toney, president of Ford’s customer service division, said the global […]
When it came out, the Galaxy Note 7 was nearly universally revered for standing as a sterling flagship released by Samsung in the second half of 2016. That is until several units began exploding. Thought at first as simply battery charging mishaps, a continuous influx of reports soon revealed that the problem was more insidious, and it may have stemmed from battery flaws or the phone’s manufacturing process. […]
A wave of about 25 African, European and South American countries is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald Trump rails against the ills of economic globalisation. Jin Liqun, president of the AIIB, said on Monday that an expanded membership would help boost lending by the $100bn multilateral organisation, which […]
