· Chamber organised study mission to explore trade and investment opportunities in St. Petersburg · Delegation discussed Dubai-Russia trade ties with key stakeholders from the city’s public, private sectors 12 December 2016As part of its efforts to explore new business opportunities for its members and promote Dubai as a global business hub, Dubai Chamber of Commerce and Industry recently conducted a study […]
NEW DELHI—Early last month, Prime Minister Narendra Modi summoned his cabinet to a room in India’s capital, told them to leave their cellphones outside and delivered a shocker: He was about to go on national television to declare that almost 90% of the country’s paper money would no longer be legal tender. The move, prepared in secret by Mr. Modi and his advisers, kicked off a radical […]
The prospect of a more aggressive Federal Reserve and a surge in the oil price hit global bonds on Monday, sending the yield on the benchmark 10-year Treasury note above 2.5 per cent for the first time since 2014. Treasuries have led a sharp sell-off in sovereign bonds since Donald Trump’s victory in last month’s US election, raising the prospect that Fed officials will have to raise […]
The Chinese government has warned Donald Trump that the two countries will have “nothing to discuss” if the US president-elect’s incoming administration decides to discard the four-decade old “One China” policy. “Adherence to the One China policy is the political bedrock for development of [bilateral] relations,” Geng Shuang, a foreign ministry spokesman, said on Monday. “If compromised, there will be nothing to discuss on co-operation in major fields.” […]
Britain’s exit from the European Union will mean it can forge free trade deals with Gulf Arab allies, foreign minister Boris Johnson said on Friday in a speech also heralding closer defence ties to the conservative monarchies. Johnson was speaking at a conference in Bahrain a day after footage was published of him accusing Saudi Arabia, an important ally for Britain, and Iran of stoking proxy wars […]
This is part of a series on the global rise of exchange traded funds Each day, the investing public hears news of the latest developments in exchange traded index funds (ETFs). But rare is the mention of traditional index funds, which I call Tifs, although the acronym has yet to gain acceptance. In 1976, I created the first Tif. It was named First Index Investment Trust (now […]
By Laila Bassam and Tom Perry | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT Syrian rebels have received a U.S.-backed proposal to leave Aleppo along with civilians under safe passage guaranteed by Russia, rebel officials said as government forces closed in on Sunday, but Moscow denied a deal had been reached. If the proposal were to be taken up by all sides, it would end four years of fighting in […]
Photo: Bullit Marquez, AP FILE – In this Dec. 2, 2016, file photo, protesters burn a mock American flag during a protest against the planned joint US-Philippines military exercise in central Philippines in front of the U.S. Embassy in Manila, Philippines. The Philippines has again thumbed its nose at the U.S., its longtime defense ally, saying it won’t be used as a springboard for U.S. ships and […]
By Engen Tham and Adam Jourdan | SHANGHAI SHANGHAI Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home – his mum and dad. Interviews with Ma, a single-child, his mother and grandmother, show how rapidly […]
11 December 2016 Dubai-UAE – National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has launched its Prestige wealth management program for the benefit of high net-worth customers that total more than 11,000 of the company’s 817,000 client base. National Bonds announced the program at a special gala dinner at the Ritz Carlton in Dubai International Financial Center (DIFC). Attended by guest […]
Even in today’s increasingly globalised, genre-melding world of music, many fans remain remarkably territorial – none more so than the stereotypically snobby classical connoisseurs. Yet different genres more in common that you might think, and a series of concerts, hosted as part of the Abu Dhabi Classics, aims to explore and expose the relationship between classical and pop music, with the help of a man who has […]
The first global crude supply pact in 15 years has underlined the growing energy alliance between Saudi Arabia and Russia, as the depth of the two-year oil slump forces co-operation between once unlikely partners. Russia led the main oil producers from outside the Opec cartel, including Mexico and Kazakhstan, in a deal signed this weekend to reduce supply by 568,000 barrels a day — with Moscow, the […]
By Laila Bassam and Suleiman Al-Khalidi | ALEPPO, Syria/AMMAN ALEPPO, Syria/AMMAN The Syrian army and its allies made new gains in Aleppo on Sunday, forcing rebels back into an ever shrinking pocket crammed with civilians, but lost control of the desert city of Palmyra to a swift Islamic State attack. Final victory in Aleppo, Syria’s biggest city before the civil war, would constitute the biggest triumph yet […]
Mobile computing in 2016 was quite literally explosive, but when you look beyond the schadenfreude of watching Samsung mishandle its defining crisis of the year, the past 12 months have hardly set the world alight. The best example of the current state of affairs is the Google Pixel XL. Technically, this is the best Android phone on the market at the moment. Its 5.5-inch AMOLED screen is […]
MILAN Italy’s biggest bank by assets UniCredit (CRDI.MI) has reached a deal to sell its asset manager Pioneer to France’s Amundi for more than 4 billion euros ($4.2 billion), a source with knowledge of the matter said on Sunday. The deal, which the source said involves a special dividend of about 500 million euros to be paid to UniCredit, is one of various disposals being pursued by […]
11 December 2016 Dubai: Dubai SME, the agency of the Department of Economic Development mandated to develop the Emirate’s small and medium enterprise (SME) sector, and Al Tamimi & Company, the largest law firm in the Middle East which specialises in patents and innovations, have signed a memorandum of understanding (MoU) to support entrepreneurial innovations and patents. The MoU reflects both parties’ commitment to achieving the UAE’s vision […]
As Democrats continue to spin the fake news narrative, because it’s simply impossible that Hillary (the candidate who lost both Wisconsin and Michigan to a Socialist in the Democratic primary) lost fair and square, Former US Ambassador to Russia, Michael McFaul, penned an op-ed in the Washington Post yesterday that suggested registering RT and Sputnik as “foreign agents,” claiming that they “campaigned openly for one candidate, Donald […]
Opec has won the backing of countries outside the oil cartel to join supply cuts for the first time since 2001, overcoming the final major obstacle for a global agreement to curb output. Russia, the biggest oil exporter outside the group, alongside 10 other countries such as Mexico, Oman and Azerbaijan on Saturday agreed to reduce their production by 558,000 barrels a day. A new geopolitical dynamic […]
Scientists describe how, in collaboration with Google, they have quantified changes in global surface waters and created interactive maps which highlight the changes in Earth’s surface water over the past 32 years. (via WSJ)
DUBAI // Dubai has invested Dh120m in 19 projects in the first stage of the emirate’s Future Accelerators Programme, which ended on Sunday. The investments are in projects in education, health, infrastructure, transport, technology, energy, and security. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, is “leading a government system that encourages unconventional thinking to achieve unprecedented results”, said Mohammed Al Gergawi, managing director of […]
In the past 70 years, the world’s population tripled to more than seven billion and average global temperature increased by nearly one degree Celsius. Population growth and climate change are associated with big challenges facing modern agriculture. New research combines computer science and biology to identify genes that make plants more resistant to stress factors, such as drought and saline soils. (via WSJ)
11 December 2016 Dubai, UAE, Azizi Developments – a leading UAE-based real estate developer with global reach into international markets – culminated the year with an annual gala event to celebrate the success with its valued real estate agents at Jumeirah Zabeel Saray on December 8th. More than 450 brokers attended the event organised at a panoramic sea view, luxury resort with plush décor and gala arrangement […]
Dubai’s only listed crude shipper has announced plans for a major expansion of facilities in the northern Emirates including a new ship building and repair yard. Gulf Navigation said in a statement that it is starting studies for the expansion, known as the GNH Northern Project. The plan will include ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialised operations and global mobile […]
ABU DHABI // Cultural development is an integral part of progress in any society, Sheikh Nahyan bin Mubarak, Minister of Culture and Knowledge Development, told a conference in the capital. Sheikh Nahyan said on Sunday that culture was a pre-requisite for achieving successful and sustainable economic growth. “We strive to preserve our heritage, values and principles as well as all aspects of culture in the UAE and […]
