ABU DHABI // All eyes were turned to the capital’s skies on Thursday afternoon as the Red Arrows performed over Abu Dhabi’s Corniche. Hundreds gathered on the beachfront to watch the Royal Air Force’s world-famous aerobatic team twist and turn their bright red jets through a series of stunts, prompting spectators to “ooh” and “aah” in amazement. Chloe Steele, from the UK, attended the event with her […]
Gulf governments are increasingly turning to export credit agencies (ECAs) to finance billions of dollars of infrastructure projects as low oil prices squeeze liquidity in the region. Bankers say that since oil prices fell more than two years ago, eroding state revenues and drying up funding from local and international banks, borrowers are considering ECA finance for everything from airports to oil refinery expansion. The extent of […]
Black Friday is just around the corner and customers now have an idea of deals on offers by various retailers. TVs are one of the most popular items on Black Friday and customers can get a good bargain on various types of TVs from various retailers. Here are some of the best TV deals and bundles from Amazon. Best 4K TV Deals 4K TVs offer great clarity and fuller […]
With raw newsflow in the financial, political, economic and geopolitical realms hurtling ever faster – scrambling toward some yet unknown climax – facilitated by a world that has never been more interconnected, and where the noise to signal ratio (especially over the past few months courtesy of certain… events) has hit unprecedented levels, sometime we get so focused on trying to share our own, unique (we hope) […]
For those familiar with the Cote d’Azur, seeing one of the world’s largest or most luxurious superyachts is commonplace. The region plays holiday home to some of the world’s richest men and women (as well as their toys). You’ll often find the likes of Roman Abramovich’s Eclipse (at 162-metres, it’s the second largest yacht in length) or HRH Sheikh Khalifa bin Zayed Al Nahyan’s Azzam (the world’s […]
Video Suicide Bomber Kills Dozens in Iraq At least 80 people, many of them Shiite pilgrims visiting from Iran, were killed when a suicide bomber detonated a truck packed with explosives at a service in the southern city of Hilla on Thursday. Publish Date November 24, 2016. Photo by Alaa Al-Marjani/Reuters. Watch in Times Video » ERBIL, Iraq — At least 80 people, many of them Shiite […]
Authored by Bonner & Partners’ Bill Bonner, annotated by Acting-Man’s Pater Tenebrarum, Permanently Skewed TRUMP HOTEL, New York – Trump’s rambling army – professionals, amateurs, camp followers, and profiteers – is marching south, down the I-95 corridor. There, on the banks of the Potomac, it will fight its next big battle. Lieutenants in Trump’s army: Bannon, Flynn & Sessions Here at the Diary, we do not […]
Hopes of a fix to the collateral squeeze facing the eurozone’s €5tn short-term funding markets were boosted this week after reports emerged the European Central Bank will consider ways to ease rules on how it lends its stockpile of sovereign debt. A lack of good quality collateral, which market participants use to secure loans, has crippled the single currency area’s short-term funding (“repo”) markets. One big reason […]
So I began dressing, even making coffee, in a shed beside our house. This allowed me to roll from bed and out the door in silence, wearing little more than my underwear. I’d programmed the coffee maker outside to begin brewing precisely nine minutes before my bedside alarm rang. The timing, perfected over weeks, ensured a piping-hot beverage but spared my wife the familiar — but singularly […]
Saudi Arabia’s 30-year bonds are outperforming other Gulf debt during volatility triggered by Donald Trump’s election as US president, a sign of unsatisfied demand for Saudi debt and a good omen for issuance expected from Riyadh next year. The week to Nov. 16 saw the largest outflows from emerging market debt on record, according to Bank of America Merrill Lynch, partly because Trump’s election fuelled expectations of […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
On the eve of the 2013 Abu Dhabi Grand Prix, Mercedes duo Lewis Hamilton and Nico Rosberg were invited to take part in a dune-buggy race in the desert. The pair’s approaches were telling: Hamilton the born racer immediately jumped at the chance to get in the cockpit, while Rosberg preferred to take time to assess the challenge, methodically asking questions about the possible dangers. Rosberg is […]
November 24, 2016 by: Jamie Chisholm, Global Markets Commentator Thursday 08:30 GMT. European equity markets are trading cautiously in the wake of solid US data that bolstered the case for a near-term rate rise from the Federal Reserve and which has triggered another bout of dollar strength. The rampant buck is battering many emerging market currencies and leaves gold down $5 to $1,182.5 an ounce, the metal’s […]
Kuwait, 24 November 2016 The General Authority for Regulating the Telecommunications Sector (TRA) has won today the informatics award in the government sector category, one of the categories of Salem Al-Ali Al-Sabah Informatics Awards in its sixth 16th session. The results were announced today at a special ceremony held under the patronage of H.H. Sabah Al-Ahmad Al-Jaber Al-Sabah, Amir of Kuwait in Bayan Al Amer Palace in […]
By Shinichi Saoshiro | TOKYO TOKYO Most Asian stock markets fell on Thursday as upbeat economic data strengthened the prospect for higher U.S. interest rates, while the dollar’s bull run continued with U.S. bond yields propelled to multi-year highs. Japanese stocks swam against the tide and rose to a near 11-month high as the yen weakened. Spreadbetters saw a mixed opening for European stocks, forecasting a slightly […]
A comment made on a GameStop investor relations call seems to have confirmed a so-far unannounced feature for the upcoming Nintendo Switch console – motion controls. While discussing how the console’s features have the potential to expand the gaming audience in a similar way to the Nintendo Wii, the US retailer’s CEO, Paul Raines said: “A movement-related game is more fun for kids, you know, taking those accessories off […]
So Brexit was not a historical accident after all. The Trump victory seals it. A complacent, mainly urban liberal class, has been undone by a revolt. Nationalists are in charge of Washington and London now. These “strongmen” and “strongwomen” will control borders, restrict the movement of labour and subject cross-border M&A to ever tighter public scrutiny tests. Security will come first. The twin freedoms of capital and […]
Pokémon Sun and Moon players have been up and about in catching those shiny Pokémon, and some have even been clocking in hours just to get a shiny version of the starters Rowlet, Litten or Popplio. On that note, capturing a shiny Pokémon is no easy feat, as the odds of encountering one is said to be one out of 4,096. That means you’ll probably spend a lot of time […]
The US government bond market suffered a renewed sell-off and the dollar powered to a fresh 13-year high on Wednesday, as stronger economic data bolstered the case for an interest-rate increase and reinforced the view that the multi-decade bond bull market has reached a turning point. The Republican sweep of the White House and Congress, coupled with president-elect Donald Trump’s promise to unleash a $1tn economic stimulus […]
By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month following the election of […]
An experimental Alzheimer’s medicine has flunked a large clinical trial, wiping more than $10bn off the market value of its developer Eli Lilly and dealing a significant setback to the hunt for a drug to delay the fatal disease. Investors and analysts had tipped the medicine, known as Solanezumab, or Sola, to be the first drug that could delay dementia in Alzheimer’s patients, after earlier studies appeared […]
Photo High-school-football games showcase so much more than just athletics. Credit Jonno Rattman for The New York Times Kenny Byrd broke one tackle, then another, and soon he had nothing in front of him but end zone. The crowd roared with delight; the marching band lifted its horns and belted out a celebratory rendition of “Shut Up and Dance.” Cowbells clanged. Behind me, the superintendent of schools […]
Impala Asset Management, the $2.2bn hedge fund run by George Soros’s former chief investment officer, is benefiting from bets that an overhaul of America’s infrastructure and sustained demand from China will buoy appetite for commodities. Robert Bishop, who founded Impala in 2004, said they decided infrastructure would be a win whoever won the US election, but doubly so in the case of Donald Trump, a real estate […]
“Music brings us together because music comes from the heart,” Filipino pop-rock singer Yeng Constantino told The National, days before she kicks off the Beats on the Beach music festival at Abu Dhabi’s Corniche on Thursday, November 24. Constantino, 27, knows a thing or two about heartfelt singing. Her own music, which she often writes and composes, embodies the soul-stirring passion of classic Filipino folk ballads modernised […]
