ABU DHABI // The US presidential election, religious occasions and rainstorms were among the most discussed topics on Facebook by people in the UAE this year. On Thursday, Facebook released its Year in Review’s top moments of 2016 from people in the country and around the world. “As the year comes to a close, we have seen people in the UAE connect in big and small ways […]
The holiday season 2016 has already started and shoppers are looking out for deals for themselves and for gifting. Gaming consoles are one of the top picks every holiday season. Analysts predict that this holiday season, Sony PlayStation 4 (PS4) will be ahead of Microsoft Xbox One in terms on sales. Global PS4 Sales Surpasses 50 Million On Wednesday, Sony announced that PS4 sales have surpassed 50 million […]
ABU DHABI // The US presidential election, religious occasions and rainstorms were among the most discussed topics on Facebook by people in the UAE this year. On Thursday, Facebook released its Year in Review’s top moments of 2016 from people in the country and around the world. “As the year comes to a close, we have seen people in the UAE connect in big and small ways […]
It was Donald Trump’s press conference in the early hours of November 9 that some pinpoint as the moment fears about what his presidency would mean for stock markets turned into euphoria about his victory. Campaign pledges to give a boost to the US economy were repeated, as the newly president-elect struck a moderate, even conciliatory, tone. Whatever you think of the reaction in financial markets since, […]
ABU DHABI // The year of reading may be coming to a close, but teachers and students have vowed to keep up their work to instil a passion for the written word in their friends and colleagues. These days, reading competes with a wide range of ‘easier’ pastimes – from video games to mobile phones – but for Sari Al Hemeiri sitting down with a good book, […]
This is part of a series on the global rise of exchange traded funds ETFs are a global phenomena, but there are significant differences between the market in Europe and the US. This piece examines the most important. The US is far bigger Demand for exchange traded funds in Europe has never been higher. Assets held in funds and products listed across the region hit a record […]
By Christopher Johnson | LONDON LONDON Oil prices steadied around $50 a barrel on Thursday, close to the week’s lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53.25 a barrel by 0940 GMT. U.S. light crude was up 20 cents at $49.97 a barrel. Both benchmarks […]
The UK’s National Grid has agreed to sell a 61 per cent stake in its gas distribution network to a consortium of global investors, a deal that will plug the 11m homes the network serves into investors such as China’s sovereign wealth fund and Australian investment bank Macquarie. The terms of the transaction imply an enterprise value for the division of around £13.8bn including debt. The investment […]
By Ju-min Park and Jack Kim | SEOUL SEOUL South Korea’s parliament introduced a bill on Thursday to impeach President Park Geun-hye, setting the stage for a historic vote to oust the embattled leader engulfed in an influence-peddling scandal. Parliament is expected to vote on Friday in favour of impeachment, although the Constitutional Court must decide whether to uphold the motion, a process that could take up […]
SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session. Risk appetite got an extra boost when China reported upbeat trade figures with exports and imports both beating forecasts. Resource imports were very strong, a major reason prices for […]
Not many former nurses have set up a multimillion-pound global skincare company, let alone one that has 100 per cent chemical-free oils and balms, which are some of the purest on the planet. Nor have many developed an encyclopaedic knowledge of the extraordinary healing uses of plants; run private yoga, massage and meditation retreats for Hollywood actresses and New York fashion queens; helped revive frankincense production in […]
MOSCOW — The Russian government announced Wednesday that it will sell nearly 20 percent of its state oil company, Rosneft, to the Swiss commodity trading firm Glencore and the sovereign wealth fund of Qatar. The deal defies expectations that no investor would dare buy a share in the Russian asset, given Western sanctions against the government of President Vladimir V. Putin. But the emergence of foreign money […]
Data should be given “personalities”, with different characteristics, so businesses can better analyse the information and extract actionable insights. Many organisations today were struggling to understand the data available because there was so much information to go through and analyse, said Julie Rodriguez, creative director at Sapient Global Markets. Speaking at the Strata+Hadoop World conference in Singapore this week, Rodriguez pointed to the concept of “data personality” […]
In this Dec. 12, 2013 file photo, a man passes by the Samsung Electronics Co. logos at its headquarters in Seoul, South Korea. A unanimous Supreme Court on Tuesday, Dec. 6, 2016, sided with smartphone maker Samsung in its high-profile patent dispute with Apple over design of the iPhone. The justices said Samsung may not be required to pay all the profits it earned from 11 phone […]
The UK investigation into October’s “flash crash” in sterling has focused heavily on the Japanese trading operations of Citigroup, which fired off repeated sell orders that exacerbated the pound’s fall, according to bankers and officials involved in the inquiry. Citi’s traders are not believed to have started the slide in the currency in thin Asia trading but its Tokyo desk played a key role in sending the […]
News stories are released on weekdays. 2 hours ago Vatican confirms ban on homosexual candidates for priesthood The Vatican has confirmed that homosexual men should not be ordained to the priesthood. In a new instruction for the training of seminarians, entitled The Gift of the Priestly Vocation, the Congregation for the Clergy says that the Church “cannot admit to the seminary or to holy orders those […]
General assembly meetings of FGB and NBAD held on December 7th Combined bank has total assets of approximately AED655 billion (US$178 billion), representing a 27% market share of UAE banking sector[1] Shareholders approve combined bank’s board of directors from effective merger date Effective date of merger towards the end of Q1 2017 as initially planned. Abu Dhabi, 7 December 2016 Shareholders in First Gulf Bank PJSC (FGB) […]
By Dominique Patton and Steve Holland | BEIJING/NEW YORK BEIJING/NEW YORK President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, choosing a longstanding friend of Beijing after rattling the world’s second largest economy with tough talk on trade and a telephone call with the leader of Taiwan. The appointment may help to ease trade tensions between the two countries, the […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President-elect Donald Trump said on Wednesday he will nominate professional wrestling magnate and former Senate candidate Linda McMahon as his choice to head the Small Business Administration. Trump’s announcement said McMahon would be a key player in his effort to generate stronger job growth and roll back federal regulations. McMahon, 68, is a co-founder and former CEO of the professional […]
Fresh from touting a deal to save hundreds of jobs at the Carrier plant in Indiana as proof he would hold to his election pledge to protect American workers, it appears to have escaped Donald Trump that his attack on Boeing’s contract to replace Air Force One would endanger the employment of thousands of highly skilled aerospace workers. After claiming this week that the “$4 billion” cost […]
Kuwait will request that an OPEC committee responsible for monitoring compliance with a global oil output reduction agreement meet in February or March next year, acting oil minister Anas al-Saleh said on Tuesday. “In my capacity… as head of the committee… I will call for a meeting of the first Monitoring Committee to take place in February or March 2017, ” Saleh said in a statement. “We […]
This article by David Haggith was published first on The Great Recession Blog: I risked losing my fellow anti-establishment readers in September by suggesting Trump may be an establishment Trojan horse. After seeing Trump choose Pence as VP and a Goldman Sachs exec as campaign finance manager, I was concerned the establishment knew a citizen’s revolt was brewing and made sure that even the road to revolt led back to […]
Inuit throat singing admittedly isn’t the easiest sell to the wider music-buying populace, but when it’s presented in the startlingly visceral form favoured by Tanya Tagaq, that’s the loss of those who choose not to listen. Not that the Nunavut-born 41-year-old has struggled to find sympathetic ears to date. She won the prestigious Canadian Polaris Music Prize in 2014, gaining the respect of multimillion-selling contemporaries including Björk […]
DUBAI: Britain will help Gulf states “push back” against aggressive regional actions by Iran, Prime Minister Theresa May told the Gulf Cooperation Council (GCC) in Bahrain on Wednesday in a televised address.“We must… continue to confront state actors whose influence fuels instability in the region,” May told Gulf leaders at their annual summit.“So I want to assure you that I am clear-eyed about the threat that Iran […]
