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Emaar approves Development buyout ahead of planned delisting // Cloudflare unveils Zero Wire vulnerability intelligence service // Meraas showcases five residential zones at Dubai Design Week // Kochi police detain two actors over bid to honey trap doctor // Oil and chip shares retreat after Democratic victories // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Dubai details five-year visa benefits for returning visitors // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // UK air traffic outage inflicted £33m financial losses // Millions Of Indians May Soon Be Deprived Of Government Assistance // Hong Kong mandates crypto transaction disclosures to tax authorities // OpenAI identifies 948 Linux privilege escalation flaws using AI // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Private varsities bill all set to face the axe // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities //

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ENEC completes handover of Unit 1 systems to KHNP for commissioning, marking end of initial construction activities for the first of four units of the Barakah Project KHNP will lead the commissioning work of the first UAE-based APR-1400, as part of the scope of the 2009 Prime Contract Federal regulatory approval from FANR, in addition to international nuclear assessments from IAEA and WANO, will be […]

Barclays was under pressure on Friday after Goldman Sachs said the bank needed to prioritise rebuilding capital over shareholder returns. Regulatory hurdles have moved against cross-border banks such as Barclays, which will be hit disproportionately by regional ringfencing laws, said Goldman. Capital ringfences add to uncertainty around Barclays’ litigation costs, its pension deficit and the likely proceeds from the sale of its African bank, said the broker. […]

Authored by Mike Krieger via Liberty Blitzkrieg blog, Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity. – Ralph Waldo Emerson, Wealth Liberty Blitzkrieg readers know that I’ve been extremely critical of […]

U.S. Federal Reserve Chair Janet Yellen said on Friday that barriers and challenges for women in the workplace, if not addressed, will hamper U.S. economic growth. Better paid leave and improving access to affordable and good-quality childcare would make it easier for women – and men – to combine family and career goals, Yellen said in a speech on “125 years of women’s participation in the economy” […]

Families of three victims killed in the 2015 San Bernardino, California, shooting are suing Google, Facebook, and Twitter over claims that the tech companies knowingly allowed the Islamic State to share its propaganda on the respective social media and web platforms. The lawsuit was filed in the U.S. District Court for the Southern District of California on Wednesday, May 3. The 32-page complaint states that the three […]

The S&P 500 and the Nasdaq Composite opened higher on Friday after a report showed U.S. job growth accelerated sharply last month, but a drop in IBM kept the Dow in negative territory. The Dow Jones Industrial Average .DJI was down 7.14 points, or 0.03 percent, at 20,944.33. The S&P .SPX was up 5.14 points, or 0.22 percent, at 2,394.66 and the Nasdaq .IXIC was up 16.51 […]

The pace of US job growth bounced back last month from a weak performance in March, underscoring the Federal Reserve’s view that the economy’s choppy first-quarter performance was probably a blip. The US economy added 211,000 jobs in April, compared with Wall Street expectations of 190,000. Payrolls for March was revised down to just a gain of 79,000 jobs, compared to an earlier estimate of 98,000. Meanwhile, […]

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Dubai-based DP World and the National Investment and Infrastructure Fund (NIIF) have signed an agreement to develop the logistics sector in India. The agreement comes as a result of the visit to India in February 2016 of Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Sultan Ahmed bin Sulayem, DP World Group chairman and CEO, a statement said.  DP World announced at the […]

“Something is off,” warns RBC’s head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China’s liquidity tightening is spooking the reflation story. SUMMARY: Movement on US fiscal policy is currently driving US rates and equities higher, counteracting the tremendous negative implications of this ‘Chinese tightening / […]

Spotify and a host of European internet businesses have called on Brussels to crack down on what they see as troubling practices by the likes of Apple and Google. Big internet platforms “can and do abuse their privileged position”, according to a letter signed by the chief executives of Spotify, music streaming rival Deezer and German start-up investor Rocket Internet among others. Although the letter to the […]

Infrastructure work at Downtown Jebel Ali in Dubai has reached a major milestone, with deep utilities work complete at half of the 200-hectare mixed-use project, according to master developer Limitless. Sewerage, storm water and water works have been completed at 50 percent of the project, with roads now underway, a statement said. Deep utilities work is ongoing at the rest of the development, with anticipated completion this […]

Authored by John Solomon via Circa.com, During his final year in office, President Obama’s team significantly expanded efforts to search National Security Agency intercepts for information about Americans, distributing thousands of intelligence reports across government with the unredacted names of U.S. residents in the midst of a divisive 2016 presidential election. The data, made available this week by the Office of the Director of National Intelligence, provides […]

By Dan Whitcomb | LOS ANGELES LOS ANGELES Family members of three victims of the December 2015 shooting rampage in San Bernardino, California, have sued Facebook, Google and Twitter, claiming that the tech giants permitted Islamic State to flourish on social media. The plaintiffs assert that by allowing Islamic State militants to spread propaganda freely on social media, the three companies provided “material support” to the group […]

DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects DP World and National Investment and Infrastructure Fund (NIIF) to back future infrastructure projects New Delhi, India, 4 May, 2017 Global trade enabler DP World and the National Investment and Infrastructure Fund (NIIF) have signed a Memorandum of Understanding (MoU) to develop the logistics sector in India. The agreement comes as a result […]

The US energy industry has morphed from 2016’s big winner to the bottom of the heap this year in a slide that has accelerated as oil prices fell on Thursday to the lowest level since November. Energy stocks listed on the S&P 500 index dropped 1.9 per cent on Thursday. The fall brings the sector’s decline this year to 12.1 per cent, the biggest drop of the […]

(Image: file photo) Last month, several competing students from universities across the US descended upon San Antonio for the National Collegiate Cyber Defense Competition (CCDC). CCDC, which originated in 2005, is a defensive security competition that puts students in a real-world commercial IT environment and tests their ability to defend, detect, and respond to outside threats, including maintain availability of existing services like mail servers and web […]

Authored by 720Global’s Michael Lebowitz via RealInvestmentAdvice.com, “History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the most important and under-appreciated characteristic of successful investors. For example, visualize a single domino standing upright. With this limited perspective, one can establish what the domino is doing in the […]

By Julia Simon | NEW YORK NEW YORK Oil prices collapsed on Thursday to their lowest since late November as investor worries about the world’s stubbornly persistent glut of crude erased most of the gains that followed last year’s OPEC’s output cut. The slide worsened after OPEC delegates downplayed the chance that their group and other producing countries would deepen their output cuts when they meet on […]

FAI is a leading provider of mission-critical aviation services, based in Germany With 23 aircraft, FAI serves corporations, government agencies and NGOs including the UN and International Committee of the Red Cross Manama, Kingdom of Bahrain, 4th May 2017  Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced today its investment in a significant minority  stake in Axtmann Aviation Holding […]

US Treasuries came under pressure across the curve on Thursday, following a round of solid economic data and indications that the Federal Reserve is willing to look past the slowdown in economic growth at the start of this year. The 10-year yield was up 0.043 percentage point (4.3 basis points) at 2.363 per cent. Meanwhile, the policy-sensitive two-year yield ticked up 2.81 bps to 1.322 per cent. […]

As noted earlier, while European stocks and US equity markets have ignored the commodity crash in China, which in addition to iron ore plunging limit down, also saw rubber tumble 7% lower, and steel rebar, coke, coking coal plunge over 6% …   … Axiom’s Gordon Johnson warns (as we did a month ago) that the worst is yet to come, and in fact, the “backdrop of […]

How do best performing companies and leaders deliver value with a vision and foundation for success? SAP works with some of the best companies and CEOs across the region in helping them achieve transformation through innovation and technology. This new CEO Innovation Series, supported by SAP will share and tell the best stories of achievement and feature top leaders on how they continue to lead by example. […]

11:00 am Suppose we could be brave, Bryce, and go with a pic of Jeffery Lacker as our portrait for today 11:01 am Well, he stepped down from the Richmond Fed after fessing up to helping a colleague at a sister publication — Medley — on a story 11:02 am 11:03 am I could give you a rival’s analysis of the story 11:03 am It’s not the […]

By Sumeet Chatterjee | HONG KONG HONG KONG UBS Group AG (UBSG.S) plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment. The Swiss bank’s sharpening focus on the middle of the wealth market comes as some global banks including Standard Chartered (STAN.L) […]

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Just in:
Emaar approves Development buyout ahead of planned delisting // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Ousted top Kochi cop gets IG post // Cloudflare unveils Zero Wire vulnerability intelligence service // Meraas showcases five residential zones at Dubai Design Week // TVM –Mangaluru Vande Bharat claims top spot // Emirates Group records AED 4.1 billion half-year profit // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Dubai boat show confirms international shipyard line-up for November // OpenAI identifies 948 Linux privilege escalation flaws using AI // Oil and chip shares retreat after Democratic victories // Private varsities bill all set to face the axe // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 //