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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 […]

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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 […]

21 January 2017 Abu Dhabi, UAE: Middle East Sulphur 2017, a new conference held from February 12-16, will highlight the ever-growing value of the commodity regionally and beyond. Often viewed as a by-product of the oil and gas industries, sulphur is now coming to the fore as its versatility and potential is realised by business leaders around the world. Sulphur is also the primary source in producing sulphuric […]

Almost 40 years ago, German audio specialist Sennheiser set its engineers an ambitious task: to create the world’s best headphones, irrespective of cost. By 1991, the task was complete and the legendary Orpheus HE90 launched for sale with a price tag of $16,000 – about $28,000 in today’s currency. Fast-forward two decades, and Sennheiser has done it again. Its updated version of the HE90, the Orpheus HE1, […]

It won’t be long now. Today, Donald Trump becomes “leader of the free world.” Might even be a tougher job than running a staff of journalists. It’s a situation that got me wondering: Should I be studying the President-elect’s approach to leadership? Could his style help the women and men who manage newsrooms and other staffs be more effective? The answer, I think, is mostly no. I […]

While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]

In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]

RAS AL KHAIMAH, 20 January 2017  Excitement filled Rixos Bab Al Bahr as Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) announced the winners of the first joint RAK Free Zones Business Excellence Awards on 19 January 2017. The much-awaited awards programme lauded 10 outstanding companies that displayed relentless commitment to organisational excellence and contributed immensely to strengthening Ras Al […]

By Jamie McGeever and Marc Jones | LONDON LONDON For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 .SPX has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert […]

Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]

Whatever has happened to cloud? From risk bête noir to flavour of the month – how did that happen? Surveys across the board show huge growth in the adoption of cloud computing, especially hybrid cloud: in a recent report, 95% of IT professionals said they were using the cloud, and 75% said they were using hybrid cloud. And the report also found that security was no longer […]

Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]

Friday 21:00 GMT Overview Financial markets gave a relatively muted response to Donald Trump’s inaugural speech as US president, with US stocks edging higher, Treasuries putting in mixed performances and the dollar easing back against its main rivals. Oil prices rose sharply amid hopes that producers would show compliance to a global deal to cut output. Gold initially struggled for traction but held above the $1,200 an […]

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