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19 November 2016 • 46 Emirati enterprises from diverse sectors among beneficiaries• “Our goal is to boost SME productivity and sustainability,“ says Abdul Baset Al Janahi• Dubai Holding CEO:  We are aligned with the government’s agenda to develop the SME sector, and committed to supporting Emirati entrepreneurs Dubai, 19 November 2016: Members of Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and […]

By Rosalba O’Brien and Mitra Taj | LIMA LIMA Leaders of Pacific rim nations scrambled to find new free-trade options on Friday as a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP). After lower-level meetings, U.S. President Barack Obama, Chinese President Xi Jinping, and Russian President Vladimir Putin were due to arrive at the Asia-Pacific Economic Cooperation […]

Greencore, Britain’s biggest sandwich maker, has been planning to “deepen its leadership of food-to-go”. As Lucy Kellaway has pointed out, sandwiches don’t need leadership (they need fillings) but this week Greencore deepened its leadership by paying $747m for Peacock, a US sarnie supplier. The deal went down like a fresh BLT and the shares rose at the sight of food-to-go leadership in action. Despite the grisly record […]

Pacific Rim leaders pledged on Friday to resist a new wave of protectionism as US President-elect Donald Trump loomed large over the opening of the 21-country Asia-Pacific Economic Co-operation summit.  Mr Trump’s surprise victory in this month’s US presidential election has upended the Obama administration’s plans for a Trans-Pacific Partnership with Japan and 10 other countries and opened the door to Chinese rivals. It has also raised […]

From Fortress Capital: Let’s face it – investing is difficult!  Gone are the days of saving for retirement.  The average savings account in the USA pays less than 1%.  Fortunately for most investors the stock market has been going up and up, but it’s going to correct (it always does).  But it hasn’t been a good ride for all investors.  Many retirees now living off their retirements are […]

By Lewis Krauskopf | NEW YORK NEW YORK Arguing over politics is a Thanksgiving Day tradition, but Donald Trump’s presidential election adds a new twist to any bickering at next week’s holiday dinner table: What the new U.S. government could mean for your stock portfolio. Trump’s shock victory last Tuesday sent investors scrambling to change bets predicated on a win by Hillary Clinton, leading to huge stock […]

Abu Dhabi-UAE: November 18, 2016  Abu Dhabi Ports hosted the second edition of The Maritime Standard Ship Finance and Trade Conference in Abu Dhabi this week, which featured engaging discussions aiming to chart a course for the future of the shipping and maritime sectors. The event brought together high profile executives and industry professionals from local, regional and international markets including H.E. Dr. Abdullah Salem Al Katheeri, […]

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The Trump trade — sell government bonds because his policies might cause inflation and require huge new borrowing — has already produced a common counter reaction: do not get carried away, this is an opportunity to buy Treasuries before yields collapse again. What it shows is a conditioned response. The first time your dog barks in the night, you leap out of bed with a head full […]

China has weakened the renminbi’s trading band for a record 11th straight day, taking its currency to an eight-year low as expectations of US interest rate rises buoyed the dollar against the region’s currencies. This puts the renminbi within a hair’s breadth of suffering a 10 per cent decline versus the dollar since the People’s Bank of China caught markets by surprise with its one-off devaluation in […]

19 November 2016 Kuwait City, Kuwait: Ooredoo, the fastest network in Kuwait in 2016, is proudly partnering with Murouj to bring to you Murouj Market, a monthly weekend market for local entrepreneurs and businesses. The market, which is held in Murouj Complex, includes local farm produce, artisanal food products and crafts, with a ‘street food’ section aimed at highlighting the culinary diversity of Kuwait’s local food community. […]

Photo Iraqi forces watched television coverage of President-elect Donald J. Trump in the village of Arbid on the southern outskirts of Mosul last week. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images ERBIL, Iraq — Many Muslims in the Middle East have reacted with a mix of caution, suspicion and scorn to Donald J. Trump’s election victory and his appointments of aides with hostile views toward Islam. Struggling […]

Your daily guide to community and cultural activities across the Emirates for November 19, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Family festivities Book your spot for a magical afternoon with Santa at the Sheraton Abu Dhabi Hotel & Resort. Families can take part in the Gingerbread Factory, where kids can decorate their […]

Neel Kashkari picked a bad day to try to fix the financial system. As the president of the Federal Reserve Bank of Minneapolis unveiled a plan to safeguard the biggest banks on Wednesday morning, shares in the likes of JPMorgan Chase, Bank of America and Citigroup were coming off five days of frantic gains. Analysts, meanwhile, were still pumping out research notes, trying to guess what a […]

ABU DHABI // The UAE on Friday reaffirmed its commitment to the global battle against climate change. Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, told the Cop22 summit in Morocco of the country’s belief in the importance of turning the Paris Agreement into a reality. “Turning the Paris Climate Agreement into real initiatives requires enormous efforts and collaboration at the local, regional […]

You can read a fuller analysis of the markets moves here. Donald Trump’s shock presidential election victory wrongfooted many investors and triggered a convulsion across financial markets — although not always in the way analysts expected. Here are some charts that show how markets have been upended by the unconventional Republican candidate’s triumph and expectations that he will unleash a big economic stimulus package of tax cuts […]

Friday 17:00 GMT. Wall Street slipped as the dollar climbed to a new 13-year high and US government bond yields hit multi-month peaks on Friday on expectations that president-elect Donald Trump’s policies will boost the economy and deliver tighter monetary policy. After a mixed Asia-Pacific session, which included Japanese equities entering a bull market, the pan-European Stoxx 600 slide 0.3 per cent. Investors have been eyeing the […]

You can read our charts-based explainer here. Sometimes the end of an era comes imperceptibly, with it only becoming apparent long after the fact. But many investors are in little doubt that Donald Trump’s election victory loudly trumpets that an entirely new market regime is nigh. The subsequent shockwaves — which sent equities powering higher on stimulus hopes, bonds crashing on inflation fears and emerging markets quaking […]

Just over a year ago I conducted a social experiment as a taxi driver behind the wheel of a Careem taxi. Careem is a Dubai-based transportation company, founded in 2012, that allows customers to request a taxi via a smartphone app either immediately or for a later time. In a country where it is a battle to stand on the street under the summer sun for half […]

Qualcomm officially unveiled its new Snapdragon 835 processor built on Samsung’s 10nm process, not only boosting performance but also reducing the time it takes to charge a device. The next-generation SoC for mobile devices is the latest and greatest in Qualcomm’s extensive lineup of more than 200 designs, and follows the powerful Snapdragon 820 and 821 processors powering the latest Android flagships. Qualcomm Snapdragon 835 On Samsung […]

The Board of Directors of the Center for Public Integrity today announced the resignation of the Center’s Chief Executive Officer, Peter Bale. Mr. Bale, previously vice president and general manager of digital operations at CNN International, had been based in London for the three years prior to his move stateside. He is resigning to pursue other international media opportunities. Bale’s tenure at the Center, the global nonprofit […]

From the moment we step into a doctor’s office or hospital ward, technology is used to test, diagnose and treat us. It ranges from things we consider basic, such as the stethoscope and thermometer, to some incredibly advanced technologies that tell us the intricacies of our brains or what’s going on inside a small joint. At Cleveland Clinic Abu Dhabi, a 24-hour epilepsy-monitoring unit is revolutionising the […]

Friday 06:00 GMT. The US dollar continues to push higher and sovereign bonds remain under pressure, while major equities benchmarks are on track to finish the week on a positive note. European bourses are expected to open firmer, with spreadbetters predicting the UK’s FTSE 100 will add 5 points to 6,800 and Germany’s Dax to gain 30 points to 10,716. US index futures suggest the S&P 500 […]

When Iran conducted a mass hanging in August of Sunni prisoners accused of attacks in its restive western Kurdish region, the executions were widely criticized as an egregious human rights violation. But death-penalty opponents also were appalled at what came next. Videos that showed apparently coerced confessions of the prisoners — interwoven with ominous-sounding music and clips of unrelated assaults by militants of the Islamic State — […]

|By Ramesh Mahalingam| As someone who has worked in businesses across the ownership spectrum, I am tempted to pose this question to all aspiring CFOs: All other factors being equal, what is the fundamental difference in the approach to the financial reporting function as between a publicly listed company and a privately-owned business? The answer lies not in the IFRS standards, which by and large, do not […]

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