Emerging market equity funds attracted the most money from investors in six months, as resilience in commodity prices and signs of improvement across the world’s major economies sharpened investors’ appetite. The EM funds secured $2.7bn this week, with exchange traded funds pulling in $1.8bn of the total, according to data from EPFR. Interest in EM equities was mirrored by bond investors, who handed EM debt funds $1.3bn. […]
Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks 18 February 2017 Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and […]
Has the long-awaited consumer crunch finally arrived? A 0.2 per cent fall in the UK’s monthly retail sales at the start of the year has sent the pound tumbling this morning, amid concern that rising inflation may finally be putting a brake on the consumer-driven growth. The monthly figure was expected to rise 1 per cent. Sterling fell to £1.2418 against the dollar after the news, a […]
18 February 2017 Manama, Bahrain – The American Chamber of Commerce Bahrain (AmCham Bahrain), the hosts of this year’s AmCham MENA Regional Council’s Bi-Annual Forum, today announced the Bahrain Economic Development Board (EDB) as the Strategic Partner for the upcoming event being held on the 15-16 March 2017 in the Kingdom of Bahrain. The Forum, which aims to promote trade and investment between the United States and markets of the Middle […]
The push for more digital news looks like it attracted a coveted demographic for three national news organizations: Younger readers. The New York Times and The Washington Post attracted readers between the ages of 18 and 49 at nearly twice the rate of readers between the ages of 50 and 65 during the U.S. presidential campaign, according to a report from Pew, published Friday. The Wall Street […]
Soundtrack Your Brand (SYB), the brainchild of an ex-Spotify executive and the quickest growing background music company, has raised $22 million in a round of funding. The round was led by UK’s Balderton Capital and Industrifonden, which is a Nordic venture capital fund. The funding, SYB revealed will be used for the business’ worldwide expansion, as well as improving the service. The company intends to use the […]
Committed to its new strategy to support the corporate sector with innovative financing solutions 18 February 2017 Kuwait – Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al-Mulla International Financing to reach the amount of 50 Million Kuwaiti Dinars. This substantial agreement reflects Warba Bank’s […]
Donald Trump has been consistent in his first month in office. As he reminded us at his press conference on Thursday, he has done what he said he would do. But one issue he has changed his mind — on the stock market. On Thursday he tweeted: “Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before […]
When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]
February 17, 2017 by: Eric Platt, US Capital Markets Correspondent A few seats away from starlets Adriana Lima, Amber Valletta and Diane Kruger in the salon at New York’s St. Regis hotel, buyers from the department store chain Bergdorf Goodman were trend-spotting. They were there to see Jason Wu’s latest autumn collection, a line-up full of amber gold velvet draped dresses, smart glen plaid workwear and sheer […]
By Jeff Mason | NORTH CHARLESTON, S.C. NORTH CHARLESTON, S.C. President Donald Trump promised to boost U.S. manufacturing and punish companies for moving jobs overseas during a visit on Friday to a South Carolina Boeing Co (BA.N) plant to celebrate the unveiling of its latest Dreamliner jet. The Republican president, who previously feuded with the plane maker over projected costs for the next version of Air Force […]
Snap is doubling down on its appeal to a core audience of young mobile users who are turning away from television, as it prepares to take its business case to investors next week ahead of its initial public offering. The focus on a narrow base of users, as well as the company’s potential to replace TV advertising, comes amid questions about whether the owner of mobile messaging […]
Current economic conditions around the world provide a good foundation for growth. But unprecedented levels of market uncertainty mean that organizations have to be ready to change strategy faster than ever before. Growth around the world In the US, President Donald Trump has inherited an economy with strong fundamentals: low inflation, and the lowest unemployment rate since 2007. He has promised a pro-business economic agenda with lower […]
“Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before tax plan rollout!” Donald Trump tweeted this week. It is a statement that goes beyond the president’s usual rhetoric. Indeed, Wall Street had a record-setting week that included the four key US stock benchmarks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the […]
Strata Manufacturing, the advanced composite aero-structures manufacturing company owned by Mubadala Development Company, has signed an agreement which will look at using 3D printing technology to create aircraft parts. The deal inked with India’s Reliance Defence Limited is part of plans to collaborate on advanced aerospace manufacturing capabilities between India and the UAE. The agreement continues to deepen the bilateral ties developed between the UAE and India […]
Snapchat for Android is apparently set to become a lot better in the future, with some performance improvements coming next week and more upgrades slated for later this year. The move to bet more on Android is likely part of Snap‘s bid to drive user growth outside of the United States, and offering a quality Android app would be essential to this purpose. Snapchat Quality On Android […]
SHANGHAI China’s Juneyao Airlines (603885.SS) has finalised a $1.32 billion order for five Boeing (BA.N) 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. The order represents the airline’s first Boeing order and its first for widebody aircraft, the companies said in a statement issued late on Thursday. Juneyao said last month was planning on five […]
Shaul Arieli, an Israeli expert on political geography who prepared maps for past negotiations with the Palestinians and is a member of Commanders for Israel’s Security, the group behind the billboard campaign, said “one state is impossible” for Israel. Demographically and economically, absorbing millions of comparatively poor Palestinians would destroy it, he said. Results of a survey of Israelis and Palestinians released on Thursday, put out jointly […]
Europe’s fish lovers are facing higher cod prices because of a prolonged fishing strike in Iceland and increased demand after the rising cost of salmon led shoppers to seek alternatives. Norwegian cod prices have risen almost 30 per cent from a year ago to €2 a kilogramme after a 45 per cent rise in salmon prices over the same period led consumers to look for cheaper substitutes. […]
Sam Kassegne, deputy director for the CSNE at SDSU, and colleagues developed electrodes made out of glassy carbon. Credit: Sam Kassegne When people suffer spinal cord injuries and lose mobility in their limbs, it’s a neural signal processing problem. The brain can still send clear electrical impulses and the limbs can still receive them, but the signal gets lost in the damaged spinal cord. The Center for […]
Have you heard? Unlimited data plans are making a comeback! The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are emerging. Here are some of the most common ways IoT is deployed in the enterprise. This week’s trend was kicked off by Verizon announcing the return of its unlimited price plan, as an answer […]
Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]
SMEs are going to dominate the renewables space, especially in emerging markets, such as the GCC, with the private sector playing a key role in driving adoption. UAE SMEs driving adoption and growth of the renewables sector The UAE’s cleantech industry is today buzzing with several start-ups and medium sized firms investing huge amounts of time and resources to identify better, more efficient and sustainable ways to […]
ABU DHABI // UAE scientists have uncovered previously unknown genetic mutations that are responsible for rare diseases in Arab children. The discovery will help with the early detection and treatment of some of the world’s most serious and rare diseases, doctors said. Dr Mahmoud Taleb Al Ali, director of the Centre for Arab Genomic Studies (CAGS), which is affiliated with the Sheikh Hamdan bin Rashid Al Maktoum […]
