Doha – January 30, 2017 Ultra Luxury, a brand new exhibition, debuting in November 2017, aims at catering to the growing luxury markets in Qatar and GCC. Ultra Luxury will provide a platform for global luxury brands to meet and showcase their products and services to a highly targeted and sophisticated group of VIP visitors. The exhibition will take place over 4 days at the Doha Exhibition […]
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian share markets and Wall Street stock futures fell on Monday after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy. European markets were also poised for a sluggish start, with financial spreadbetter CMC Markets expecting Germany’s DAX to start the day 0.3 percent lower, Britain’s FTSE […]
Vodafone is in talks about a merger of its Indian operations with rival Idea Cellular, a deal that would create a mobile network with around 370m users and form one of the largest telecoms companies in the world. The British mobile operator said in a statement on Monday that it was “in discussions” with Aditya Birla Group about an all-share deal. Vodafone shares rose more than 3 […]
Monday 08:30 GMT Overview The dollar and Wall Street equity futures are under pressure after data last week showed slower than expected US growth and as traders digest President Donald Trump’s executive order to clamp down on people entering the US from seven predominantly Muslim countries. The sour tone is suppressing stock markets in Europe, though not lifting government bond prices or supporting gold to any great […]
London Business School’s leading thinkers give us their views on the challenges and opportunities that businesses will encounter in 2017. Disruptive opportunities “2017 will be the year of disruption,” says Costas Markides, professor of strategy and entrepreneurship and executive education faculty director. “Every industry will be affected by some kind of discontinuity or disruption – whether it’s the invasion of new business models or the arrival of […]
GE Healthcare and its partner Advanced Technology Company to provide advanced diagnostic imaging and digital technology Aligned with the National Development Plan to modernize Kuwait’s healthcare infrastructure 30 January 2017 Kuwait City, Kuwait – A partnership between GE Healthcare and Advanced Technology Company (ATC) has been selected as the key medical technology provider for five new Ministry of Health hospitals in Kuwait as part of the Ministry’s […]
In response to the federal government’s draft guidelines for its Smart Cities and Suburbs Program, Smart Cities Council Australia New Zealand (SCCANZ) has called for greater clarity around what constitutes as “innovative” and for the government to present outcomes that are more tangible than “improving liveability”. The council, which launched in Australia and New Zealand mid-2016, insisted that greater “transparency”, “specificity”, and stronger wording is needed to […]
“It seems to me like a lot of people think we’re in a new inflationary boom,“ but, warns Gluskin-Sheffs David Rosenberg, “the answer is no… that’s just not gonna happen. It’s not like Ronald Reagan at all in that regard.” Full podcast: Submitted by Patrick Ceresna via Macrovoices.com, This time around, not only are valuations at 15-year highs but we’re entering it into the eighth year of […]
By Sinead Carew | NEW YORK NEW YORK In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week would provide investors with welcome distraction from speculation about the U.S. president’s policy plans. But the current world is less than ordinary. In the second week after Donald Trump’s inauguration, issues such as his controversial immigration policies will likely […]
Despite the Trump administration’s chaotic start, there is one man who has every reason to thank the new US president — Haruhiko Kuroda, governor of the Bank of Japan. At a policy meeting this week, Mr Kuroda’s BoJ is set to edge upwards its growth forecasts for Japan, reflecting a Japanese economic outlook transformed by Mr Trump’s election and subsequent weakness in the yen. The US election […]
An activist fund with a history of pressuring Japanese management has emerged as the largest minority shareholder of PanaHome — the housebuilder at the heart of a spiralling proxy battle and pivotal test of Japan’s corporate governance code. As of Friday, Oasis Capital, which is led by Seth Fischer, held some 4.83 per cent of PanaHome, putting the fund ahead of Japan’s Government Pension Investment Fund (which […]
Chairman of the Board of Directors Hamad Saif Al Mansouri eyes further advancements during the next phase of the company as new CEO Omar Katri introduces new real estate products, “Safety” and “Happiness” for the rehabilitation of commercial and residential buildings in Abu Dhabi and in United Arab Emirates 29 January 2017 Abu Dhabi – Abu Dhabi-based Al Benaa Real Estate Investment Company introduced its new phase […]
By Devika Krishna Kumar and Catherine Ngai | NEW YORK NEW YORK Investors have rushed back into North American pipelines after U.S. President Donald Trump revived growth prospects in a sector that struggled to cope with a two-year oil price slump and strident opposition from environmental and Native American activists. Investor confidence in the industry was shaken last year when the administration of former President Barack Obama […]
26 January 2017 Dubai: “Biznet” Consulting, the leading company in the field of single window application system for various fields, such as construction and business, has promulgated and announced the start of its operations, aiming to expedite and simplify information flows between trade and government bring meaningful gains to all parties involved. Ismail Al Hammadi, CEO of “Biznet” Consulting, assured that the launch of the company’s services will […]
LISBON French President Francois Hollande said on Saturday the new U.S. government was encouraging “populism and even extremism”, as he and fellow southern European leaders urged unity to face an increasingly uncertain world. “We have to stand together in Europe,” Hollande said during the meeting in Lisbon. “What is at stake is populism. The kind of discourse now coming from the United States encourages populism and even […]
By Christine Murray | MEXICO CITY MEXICO CITY Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president’s economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called Trump a negotiator, “not Terminator” and said his repeated attacks […]
Greece faces what is likely to be an “explosive” surge in its public debt levels that within decades will mean it will owe almost three times the country’s annual economic output unless given significant debt relief, the International Monetary Fund has warned in a confidential report. The new report was prepared by IMF staff ahead of a February 6 board meeting to discuss the fund’s participation in […]
A sell-off in eurozone government bonds has left German yields at their highest level in a year, challenging investors who have long become accustomed to low inflation and weak economies keeping market interest rates at record low levels. In France, Germany, Italy, Spain and Austria bond yields have broken through 12-month highs as investors focus on the accelerating pace of inflation, grapple with extra supply and question […]
Dubai-based investment firm Abraaj Group has announced that it has acquired a majority stake in Casaideas, a leading home design and home decorations business with growing market presence in Chile, Peru and Bolivia. The transaction represents the first direct investment in Chile for Abraaj, completing the Group’s investment presence in the Pacific Alliance countries of Mexico, Peru, Colombia and Chile. Abraaj said in a statement that the […]
The value of the GCC’s healthcare market has grown steadily in recent years and there is little sign that any slowdown is on the horizon. The industry is forecast to be worth $71.3bn by 2020, according to Alpen Capital. The investment bank expects the GCC healthcare sector to record 12.1 percent compound annual growth rate (CAGR) between 2015 and 2020, after 10.3 percent CAGR between 2008 and […]
BEIJING Residents of China’s capital awoke on Saturday to dense, choking smog after many set off a barrage of fireworks overnight to ring in the Lunar New Year, despite limits and public admonitions against such displays in the congested city. The Beijing Municipal Environmental Protection Bureau said harmful particulate matter in the air had hit the second-highest level in five years by Saturday morning, the state-owned China […]
Home Appliance & Air Solutions and Home Entertainment Divisions Post Highest Ever Operating Profits in 2016 Saudi Arabia – 26 January 2017 LG Electronics Inc. (LG) today announced a 2016 operating profit of KRW 1.34 trillion (USD 1.16 billion), 12.2 percent increase from 2015 due in large part to strong performance by home appliances, air solutions and home entertainment. For full-year 2016, LG reported revenues of KRW 55.37 […]
Investors sought US technology shares this week, underlining the degree to which money managers are broadening their search for sectors that should benefit from a pick-up in spending by corporate America. There were inflows of almost $900m in the week to January 25 into funds invested in technology stocks, according to flows tracked by EPFR. “We think that there is going to be a more meaningful capital […]
