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Thursday 08:40 GMT Overview The dollar, Treasury yields and equities are lower — with pharmaceutical groups in the firing line — as traders question the “Trumpflation trade” following the US president-elect’s fractious press conference on Wednesday. The yen is stronger, signalling waning risk appetite among traders, while gold is back above $1,200, a seven-week high. Hot topic Investors are reassessing the implications of a Trump presidency. Markets […]

Saudi Arabia, 12 Jan, 2017  One of Saudi’s leading travel agencies, Mosaid Travel and Tourism Services, has renewed its ten-year exclusive relationship with global travel technology provider, Sabre Corporation (NASDAQ: SABR), to support its vision to expand regionally, provide more personalised travel experiences and improve customer satisfaction. “The travel industry is fast-evolving with new trends and rapidly-changing traveller expectations,” said Nadir Kazalbash, General Manager, Mosaid Travel and […]

Jan 12, 2017 11:45 am IST Amazon.com Inc. pulled doormats emblazoned with the Indian flag from its Canadian website after the South Asian nation’s foreign minister threatened to oust the Seattle company’s employees. “This is unacceptable,” Sushma Swaraj, India’s foreign minister, wrote on Twitter Wednesday in response to a posting from a user showing an image of the doormats for sale. Ms. Swaraj, who has 7 million […]

Rex Tillerson has set the stage for a major diplomatic clash between Washington and Beijing after the nominee for US secretary of state said China should not be allowed to access islands it has built in the South China Sea. At his confirmation hearing before the US Senate Foreign Relations Committee on Wednesday, Mr Tillerson said China’s construction of artificial islands in the contested sea was “akin […]

In Senegal, ENGIE has been selected for the Dakar TER project in partnership with Thales for the design and production of infrastructures and systems, with a contract amounting to 225 million euros DAKAR, Senegal, January 11, 2017 ENGIE (www.ENGIE.com ) announces the signature of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country. The first […]

|By Saifur Rahman| US President-Elect Donald Trump said he’s rejected a Dh7.3 billion (US$2 billion) deal with Damac Properties at a press conference on Wednesday, just nine days before his inauguration as the 45th President of the United States. “Over the weekend, I was offered $2 billion to do a deal in Dubai with a very, very, very amazing man ‑ my friend Hussain [Sajwani] ‑ a […]

By Patricia Zengerle and Yeganeh Torbati | WASHINGTON WASHINGTON Secretary of State nominee Rex Tillerson expressed views on Wednesday at odds with President-elect Donald Trump’s positions on key foreign policy issues like nuclear proliferation, trade deals, climate change and relations with Mexico. In a nine-hour Senate confirmation hearing, the former chief executive of oil company Exxon Mobil (XOM.N) said he favoured maintaining U.S. sanctions against Russia for […]

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By Melissa Fares | NEW YORK NEW YORK In his first news conference since the Nov. 8 election, President-elect Donald Trump set social media ablaze on Wednesday with remarks including harsh criticism of the press and a defence of his goal to improve ties with Russia. The session, held in the lobby of his Trump Tower headquarters in Manhattan, featured a number of viral moments, like an […]

The United States government’s explanation for why it made a court order forcing Yahoo to scan all users’ incoming emails for intelligence purposes was unsatisfactory, the European Union’s justice chief has said. The European Commission had asked for clarification from the US government back in November last year on the secret court order served to Yahoo. “I am not satisfied, because to my taste, the answer came […]

By David Shepardson | WASHINGTON WASHINGTON Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, on Wednesday agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations. Under the settlement of charges it installed secret software in U.S. vehicles to allow them to emit up to 40 times legally allowable pollution, the German […]

By Emily Chow | SUNGKAI, Malaysia SUNGKAI, Malaysia The Malaysian plantation district of Sungkai has become an initial – and unlikely – battleground for an election that embattled Prime Minister Najib Razak is expected to call this year. Sungkai is home to ethnic Malays who work for the national palm plantation operator, Federal Land Development Authority (Felda). Known as “Felda settlers”, they have long been among the […]

11 January 2017 A new report from the Arab Advisors Group analyzes the cellular tariffs for 42 cellular operators in 16 Arab countries. The analysis revealed that the average prepaid package rate was US$ 70.82, while the average postpaid package rate was US$ 47.77. Lebanon had the highest prepaid and postpaid average package rates, while Sudan and Morocco had the lowest postpaid average package rates. The analysis […]

By Ayesha Rascoe | NEW YORK NEW YORK President-elect Donald Trump escalated a fight with U.S. spy agencies on Wednesday, just nine days before he takes over their command as president, and accused them of practices reminiscent of Nazi Germany. The Republican said leaks from the intelligence community led to some U.S. media outlets reporting unsubstantiated claims that he was caught in a compromising position in Russia. […]

Turkish president Recep Tayyip Erdogan’s attempt to take control of all levers of power and a mounting terrorist threat has begun to alarm investors, sending the Turkish lira down 4 per cent to an all-time low on Wednesday. The lira traded at 3.93 to the dollar, down 12 per cent since the beginning of January, clocking its worst performance since a failed coup in July which prompted […]

Consumer needs in the halal sector will be in the spotlight at a major industry event next month. 11 January 2017 Professor Joe Regenstein of Cornell University in New York, an expert in halal, kosher and animal welfare, will focus on the subject at the AHDB Beef & Lamb halal seminar on February 22 at the Crowne Plaza in Stratford-upon-Avon, Warwickshire. The event will provide a platform […]

President-elect Donald Trump on Wednesday claimed he recently turned down a $2 billion deal with Dubai developer Damac Properties as he separates himself from his far-flung global business empire. Trump, who is to be sworn in on January 20 and has been under pressure to transfer his business assets into a trust before he enters the White House, said he turned down the offer from Damac chairman […]

By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump is separating himself from his far-flung global business empire by transferring all assets into a trust and putting his two sons in charge, a Trump lawyer said on Wednesday. Along with plans to hire an ethics adviser, Trump is taking the steps to avoid inevitable questions about a potential conflict of interest between his businesses and the office […]

|By Arabian Post Staff| Although smartphone sales growth rate is slowing down worldwide, the Middle East and North Africa (MENA) region is witnessing an increase in sales. Smartphone shipment to the MENA region reached 171.2 million in 2016, up from 157.5 million, according to Statista.com – a global portal of statistics that collects information from 18,000 sources. This also means that the Middle East mobile market is […]

Turkey’s lira cemented its reputation as the most fragile of emerging market currencies on Wednesday, falling 4 per cent against the dollar to a fresh record low after the country’s current account deficit took a turn for the worse. Turkey’s currency has plunged 11.5 per cent so far this year and depreciated nearly 30 per cent in the last three months. The lira’s travails eclipse the South […]

Facebook on Wednesday announced a new program of training, products and tools aimed at further solidifying the social network’s relationship with publishers, which view the Silicon Valley giant as both a firehose of referral traffic and an at-times fearsome adversary. The program’s debut comes days after Facebook hired former TV journalist Campbell Brown to be its head of news partnerships. The initiative (which includes a partnership with […]

To an outsider, it looked preposterous. The archaeologists were cataloging and storing absolutely everything, treating this physical material as though it were digital information — JPEGs of itself. And yet they couldn’t afford not to: Everything a Neanderthal came into contact with was a valuable clue. (In 28 years of excavations here, archaeologists have yet to find a fossil of an actual Neanderthal.) “This is like putting […]

Staff costs are rising faster than beer prices and its market faces intense competition. Still, Hong Kong investors sent Bar Pacific soaring as much as 1,600 per cent on its debut for the best-ever opening day by a pub group anywhere in the world. The group, which specialises in local neighbourhood bars rather than the glitzy city centre offerings more usually associated with Hong Kong, raised HK$45.2m […]

By EconMatters We discuss the Carry Trade, ultimate demise of the European Union, answer viewer questions, touch on the oil market, and dog financial media for the rating`s whores that they truly are in this video. There is some buy the rumor, sell the news effect in the oil market today, but we are still pretty bearish on the fundamentals of the industry, and the current supply […]

By Andrew Osborn | MOSCOW MOSCOW The Kremlin says U.S. intelligence agency allegations it ran an influence campaign to help President-elect Donald Trump win the White House are false. But if U.S. spies are right, Moscow may wish it hadn’t bothered to meddle in the first place. The belief, widely held in the West, that the Kremlin helped discredit Democratic rival Hillary Clinton by orchestrating embarrassing media […]

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