Of the many quandaries investors must grapple with this year, high on their list is Donald Trump’s relationship with Vladimir Putin. Not far behind is this — should they throw off their instinctive caution about Russia and its president, and push the rouble a lot higher? The turnround in the Russian rouble’s fortunes largely reflects the recovery in the price of oil, the country’s biggest export. That […]
Alibaba Group has reported a 54 percent year-on-year revenue growth to US$7.67 billion for the quarter, ended December 31, fuelled by record sales from China’s Singles Day online shopping festival. The Chinese e-commerce operator said revenue from its core commerce business, which included its Taobao and Tmall online platforms, climbed 45 percent to US$6.71 billion (46.58 billion yuan). It pointed to record sales from the November 11 […]
24 January 2017 Nigeria’s leading transport and logistics experts will gather for the historic maiden edition of Multimodal West Africa 2017 (MMWA) from Tuesday, 14th to Thursday, 16th March 2017 at the Landmark Event Centre, Victoria Island, Lagos. Most of the industry stakeholders are excited about the Exhibition as they believe it will adequately reposition the Transportation and Logistics sector, which used to be noted for its […]
Authored by Paul Craig Roberts, “Racist” is the favorite epithet of the left. Every white person (except leftists) is a racist by definition. As we are defined as racists based on our skin color, I am puzzled why we are called racists a second, third, and fourth time due to specific acts, such as favoring the enforcement of immigration laws. For example, President Donald Trump says he […]
January 24th 2017 BBK recently announced new appointments in its Executive Management as part of the new organization structure. Amongst those, the Bank welcomed on board Dr. Adel Salem, as Assistant General Manager – Retail Banking Division, succeeding to Mr. Mohammed Malik, who has been appointed as Deputy Chief Executive and Head of Banking Group. Dr. Adel Salem has an extensive experience spanning over 30 years in […]
Your daily guide to community and cultural activities across the Emirates for January 23, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Pre-natal event Register to attend My Pregnancy Arabia, a free half-day event for couples. It will feature a pre-natal yoga class with Bodytree Studio, market stalls and a series of talks on […]
Doha Bank, Qatar’s fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to Reuters calculations, missing analyst expectations. The bank earned a net profit of 35 million riyals ($9.61 million) in the three months to Dec. 31 against 231.4 million riyals in the same period of the previous year, Reuters calculations showed, using financial statements in lieu of a quarterly […]
By Jean Paul Arouff | PORT LOUIS PORT LOUIS The son of the outgoing Mauritius prime minister was appointed as the new premier on Monday, prompting accusations of nepotism and calls for a referendum from opponents. Anerood Jugnauth, 86, who has been in his post since 2014, the latest of several terms at the helm, announced on Saturday he would step down in favour of his son […]
January 23, 2017 by: Michael Peel in Manila Business from the US has driven a long boom in the Philippines’ flagship outsourcing industry, but potential political threats to ambitious growth plans now loom in both countries. Global companies are scrambling to work out whether tough talk from Rodrigo Duterte and Donald Trump, the Philippine and US presidents, will mean trouble if they run operations in the Philippines. […]
Theoretical model reveals how droplets grow around tiny particles on a surface. A mathematical model that predicts how water condenses around tiny particles could help to improve chemical industrial processes, including the production of drug tablets, fertilizers and catalysts. Previous condensation models differ in their rate predictions, depending on factors such as the shape and composition of the surface that the droplet grows on. Fong Yew Leong […]
H.E Bin Shafar: “Empower boosted cooperation with many international energy companies at the summit” Abu Dhabi, UAE, 22 January 2017 Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling service provider, successfully concluded its participation in the 10th World Future Energy Summit (WFES), as part of Abu Dhabi Sustainability Week 2017, which was held from 16th to 19th January at the Abu Dhabi National Exhibition Centre Empower team […]
By Tetsushi Kajimoto | TOKYO TOKYO Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms want Abe to push Trump hard on trade issues, while nearly a third […]
The agreement continues the efforts to support strategic projects in the emirate, according to the Abu Dhabi Vision 2030 Abu Dhabi, January 22, 2017 The Office of His Highness Sheikh Falah Bin Zayed Al Nahyan has signed a strategic partnership agreement with Hyperloop Transportation Technologies (HTT), as part of its support for the project to link the cities of Abu Dhabi and Al Ain via Hyperloop technology. […]
By Carmel Crimmins and Pamela Barbaglia | DAVOS, Switzerland DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. But many Europeans still need convincing. At the annual gathering of the world’s political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas’ rivals […]
|By Arabian Post Staff| Emirates, Etihad and Qatar Airways are together poised to expand their fleet by almost 650 new planes, according to an expert in aviation inspection, safety and maintenance systems. “If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, Regional Managing Director of Olympus Middle East and Africa. Mid-December 2015, Iran announced a fresh […]
The world’s largest pension fund, Japan’s GPIF, is under intensifying pressure to draw a “line in the sand” on corporate governance standards in the country as other investors rail against a controversial takeover deal. The imbroglio centres around Panasonic’s proposed purchase of PanaHome. Investors say it represents one of the sternest tests to date of Japan’s stewardship and governance codes, guidelines introduced in 2014 as part of the “Abenomics” drive to […]
TAIPEI Thousands of military personnel, teachers, police and civil servants protested a plan to reform Taiwan’s pension system outside of the Presidential Office in Taipei on Sunday, as a national conference to discuss reform was held in the Office. Vice President Chen Chien-jen announced a pension reform plan this week for teachers, civil servants and non-government employees which would delay a default in payments to retirees by […]
Kuwait is well positioned to mitigate the impact of lower oil prices on the economy despite a deterioration in the country’s fiscal position, according to the International Monetary Fund. It said in a new report that Kuwait’s nonhydrocarbon growth has moderated from 5 percent in 2014 to about 3.25 percent last year as a result of the drop in oil prices. However, large financial buffers and low […]
Middle East stands out as a key growth area for food providers in global packaged F&B, with market tipped to reach USD2.2 trillion by 2020 22 January 2017 Dubai, UAE: The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands […]
By Brenda Goh and Muyu Xu | SHANGHAI/BEIJING SHANGHAI/BEIJING With 6 million Chinese tourists expected to travel abroad over the Lunar New Year break, China’s January 27 to February 2 holiday is crucial for Taiwan tour agency operator Li Chi-yueh, who relies on mainland visitors for a third of his revenue. But Li’s hopes are not high this year, after the number of mainland tourists plummeted 36 […]
A little-remarked shift of how the cloud is used and who uses it is well underway – and it could be music to your ears. Low-hanging fruit When cloud services first started, and for some considerable time afterwards, cloud services providers concentrated, quite naturally, on the low-hanging fruit. The battleground was centred around key but generic applications such as email, office productivity and storage, which quickly became […]
The head of Dubai’s Roads and Transport Authority (RTA) has inaugurated its new smart rental service, described as the first of its kind in the Middle East. The service enables customers, especially public transport users, to rent cars for short periods not exceeding six hours via smart apps. The RTA said it has contracted with U drive and ekar to operate 200 vehicles (100 each) at a […]
By Nandita Bose and Siddharth Cavale | CHICAGO CHICAGO U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins. An analysis of two important indicators of retail profitability, gross margins and operating margins, shows retailers like Kohl’s Corp (KSS.N), JC Penney Co Inc (JCP.N), Macy’s Inc (M.N) and Target […]
Dubai Chamber of Commerce and Industry saw its network of members grow by 9 percent, or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The increase strengthens the Chamber’s position as one of the largest membership-based chambers of commerce in the world, it said in a statement. It said the total value of members’ exports and re-exports amounted […]
