Investors are primed for a more aggressive policy stance from the Federal Reserve, setting the stage for an escalation in the selling of Treasury bonds. With the US central bank expected to raise its overnight interest rate by a quarter-point on Wednesday, scrutiny will focus on Fed chair Janet Yellen’s press conference and policymakers’ projections for official interest rates over the coming years, known as the dot […]
● First Global Manufacturing and Industrialisation Summit to open doorways to encourage public-private sector dialogue ● Inter-sector cooperation to be a key topic of discussion between representatives of government, companies, and NGOs at Global Manufacturing and Industrialisation Summit 13 March 2017 Abu Dhabi, UAE – The Global Manufacturing and Industrialisation Summit (GMIS) has signed a Memorandum of Understanding (MoU) with the General Confederation of Moroccan Enterprises […]
BOSTON BlackRock Inc(BLK.N), which wields outsized clout as the world’s largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity. The move by BlackRock, a powerful force in Corporate America with $5.1 trillion under management, could bolster efforts like climate-risk disclosure practices developed by the Financial Stability […]
Stuart Gulliver has told the HSBC board he will quit as chief executive next year, making the search for his successor a priority for Mark Tucker, who has decided to leave Asian insurer AIA to become the bank’s chairman. The appointment of Mr Tucker was announced before the Hong Kong market opened on Monday by AIA and HSBC, which first approached the insurer’s president and chief executive last […]
Zain Group held its annual Ordinary General Assembly in a gathering that constituted a quorum of 66.79% and approved a cash dividend of 35 fils Vice-Chairman Bader Al Kharafi: “Investments in emerging technologies will diversify our revenue streams.” New Board of Directors elected for three years; Scott Gegenheimer given new role as CEO of Operations Advertisement Kuwait – 12 March, 2017 Zain Group, a leading mobile telecom […]
In November of last year, Samsung announced that it was purchasing Harman International Industries for $112 per share, equivalent to around $8 billion. The company’s biggest ever acquisition, which was an uncharacteristic one for the South Korean conglomerate as it mostly preferred to develop its own technology or buy smaller startups, has now been completed after four months. Samsung Closes Harman Acquisition “Today is a historic moment for […]
HPE and SUSE, a top Linux distributor, have a complex relationship. First, HPE spun and merged its non-core software assets with Micro Focus. Micro Focus owns SUSE, a major Linux provider. Now, SUSE has finished acquiring cloud assets of HPE’s OpenStack Infrastructure-as-a-Service (IaaS), Cloud Foundry Platform-as-a-Service (PaaS), and Stackato, HPE’s Cloud Foundry implementation. SUSE will develop clouds while HPE will sell, support, and maintain them in their […]
DUBAI // Communicating and engaging with citizens in the UAE is critical to effectively lead the country, according to a former White House press secretary in the Obama administration. Josh Earnest said countries such as the United States and the UAE were committed to appealing to people based on their hopes and aspirations, not their fears or anxieties. “These are characteristics of governments eager to seize opportunities, […]
March 13, 2017 by: Lucy Hornby and Archie Zhang in Beijing and Jane Pong in Hong Kong Sceptics about China’s economic statistics have taken a special pleasure in revelations of faked data in the north-eastern province of Liaoning dating at least to 2011. Along with an officially reported contraction in its economy last year, they have given the impression that Liaoning’s economy is unusually troubled. That impression may be […]
Government of Dubai Media Office – 12 March 2017 Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum today launched the Dubai Public Diplomacy and Communication Network at the Public Diplomacy and Government Communication Forum. The Network is a new initiative led by the Government of Dubai Media Office (GDMO) that creates a platform for communication officials in government and semi-government organisations, […]
WASHINGTON White House economic adviser Gary Cohn said on Sunday that the Federal Reserve “has been doing a good job” and the Trump administration respects its independence, even if the U.S. central bank raises interest rates this week. Cohn, director of the National Economic Council, told Fox News Sunday that the Trump administration will keep working to reduce barriers to job creation no matter what the Fed […]
Doha, Qatar – 12th March 2017 Nakilat held its Annual General Meeting (AGM) for the financial year 2016 and Extraordinary General Meeting (EGM). During the AGM, Nakilat’s Board of Directors stated that the company achieved a net profit of QR 955 million compared to QR 984 million for the year 2015. The General Assembly reviewed and approved all its agenda. The Board of Directors stated that despite […]
When it comes to renewable energy in Saudi Arabia, there still remains more than a hint of scepticism. Multi-billion dollar plans have come and gone and the kingdom has made little progress developing renewable energy capabilities to harness its advantageous climatic conditions. In 2010, the King Abdullah Centre for Atomic and Renewable Energy (KA-Care) was established to develop the country’s renewable and nuclear capabilities, as the country […]
12 March 2017 Dubai, United Arab Emirates Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, in collaboration with INTERPOL, today released research on cybercriminal activity in West Africa, “Cybercrime in West Africa: Poised for an Underground Economy,” as part of its ongoing Cybercriminal Underground Economy Series (CUES). Scams targeting individuals and businesses have grown exponentially since 2013. West African cybercriminal activity is […]
By Angela Moon | NEW YORK NEW YORK For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc. The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 percent from the initial public offering price in the first two days of trading and […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
CAIRO Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil. Greater Cairo, a metropolitan area including the cities of Cairo, Giza and Qalyubia, is home to some 22.8 million people and will gain another half a million in 2017, a Euromonitor […]
Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]
Company’s yearly revenue surges by more than 30% in 2016, staff strength increases from 350 in 2015 to 600 in 2016 11 March 2017 Abu Dhabi, UAE – Emirates International Property Services (EIPS), a Bloom Holding subsidiary that offers a comprehensive range of competitive, customised facility management services, has adopted a simpler and more dynamic brand name – b.fm. The move is part of the company’s strategy […]
By Fathin Ungku and Hillary Teo | SINGAPORE SINGAPORE More than 100 people gathered in Singapore’s Speakers’ Corner on Saturday for a rare protest against a government plan to hike water prices that has stirred discontent over sluggish economic growth and rising unemployment in the city-state. Singapore’s government enjoys strong popular support but is also known for having little tolerance for dissent. Residents are only allowed to […]
ABU DHABI // From exploring the ocean’s depths and deep space to supporting emergency personnel in natural disasters, researchers believe robots are the key to solving many of the world’s most difficult challenges. Unmanned systems have the potential to transform military operations, the way first responders fight fires and how researchers explore the ocean depths, experts have said. The world will also witness greater human-machine collaboration, artificial […]
This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of […]
Middle East carriers led the world after posting the biggest growth in passenger demand in January, according to new figures. The region’s airlines reported year-over-year demand growth of 14.4 percent, said the International Air Transport Association (IATA). It added that capacity climbed 11.4 percent and load factor rose against the year-ago period for a third consecutive month, up 2.1 percent to 79.8 percent. Globally, demand (measured in […]
Alphabet’s Waymo is requesting for a preliminary injunction to keep Uber from pushing through with its self-driving car plans and thus stop the ride-hailing service from using allegedly stolen secrets. This move follows the lawsuit Waymo filed back in February against Otto, a self-driving truck startup, and Uber, the startup’s parent company. The case argues that the defending party has stolen more than 14,000 confidential documents, including info […]
