PARIS Over the past two decades, planemakers Airbus (AIR.PA) and Boeing (BA.N) have traded the crown in the annual orders race, and it was usually clear who had bragging rights in the fiercely competitive $120 billion annual jet market. On Wednesday, Airbus retained the top spot when it said it had recorded a total of 731 net orders for 2016, beating Boeing’s tally of 668 for the […]
|By Saifur Rahman| Sales transactions fall 20.76% to Dh103 billion The total value of land transactions declined marginally by 2.99 per cent to Dh259 billion in 2016, down from Dh267 billion recorded in 2015, and 18.8 per cent up from Dh218 billion recorded in 2014, according to Dubai Land Department (DLD) reports. The number of real estate transactions also declined 4.9 per cent to 60,595 last […]
A border tax in the US could upend the export-based economic model that has brought prosperity to millions of people in Asia, say analysts, as the region wakes up to reforms proposed by Republicans in Congress. Although most attention is still focused on whether president-elect Donald Trump will slap tariffs on China or target companies that move production offshore, proposals for a US tax regime that penalises […]
By Sinead Carew and Lewis Krauskopf | NEW YORK NEW YORK U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co. (WFC.N), JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) kicked off […]
|By Arabian Post Staff|The Shariah Standard for Gold, introduced with the support of the World Gold Council, will open up a vast new world for gold investments, according to the Council’s Gold Outlook Report for 2017. It quotes Mark Mobius of Franklin Templeton as saying the new Shariah Standard on Gold will be a “game changer.” “The Shariah Standard on Gold will enable the foundation of what […]
Fact-checkers had a big year in 2016; will 2017 prove as eventful? Below are seven predictions of what the year ahead holds in store for fact-checking. As with the 2016 predictions, I promise to return to these when the year is over and evaluate how they fared. (You can check out last year’s annotated predictions here). 1. Fact-checkers will seek lessons from cognitive science Late last year, […]
The late Mahatma Gandhi said that “the greatness of a nation and its moral progress can be judged by the way its animals are treated”. So when the President, Sheikh Khalifa, issued a Federal Law to directly address the issue of animal cruelty in the UAE we knew exactly where the country’s moral compass was pointing. Everything from the ownership of exotic or wild animals to the […]
“We open a new hotel every 36 hours,” Sébastien Bazin remarks, after outlining the impressive portfolio of French hospitality chain AccorHotels, with 4,100 hotels spread across 95 countries and employing 240,000 people. The significant sum includes properties gained through the recent acquisition of FRHI, a hotel management company formerly owned by Qatar Investment Authority, billionaire Saudi Prince Alwaleed bin Talal’s private investment arm Kingdom Holding and Oxford […]
Michael Lynton is stepping down as chief executive of Sony Entertainment to become chairman of Snap, the owner of messaging start-up Snapchat that is heading towards an initial public offering this year with a likely valuation of about $25bn. Mr Lynton has had a long friendship with Evan Spiegel, Snapchat’s founder, and was also an early investor in the company. “I have been involved with Evan and […]
Rainfall records are being broken in the San Francisco Bay Area: six inches since the start of the year, the most since 1982. Local drivers react by randomly deploying wipers, brakes and lights; it is no surprise that autonomous cars are being developed here. Other Silicon Valley records look equally hazardous. The technology-dominated Nasdaq Composite index has set further highs this week and stands more than 10 […]
The Middle East Smart Landscape Summit 2017 will be held on 15th and 16th May in Dubai Dubai, United Arab Emirates, January 12, 2017 Rapid population growth coupled with people across the world migrating to cities has fueled the growth rate of urban development. With rapid urbanization and diminishing natural landscapes and greenery, the need for managing urban areas and developing sustainable cities is at the core […]
There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]
By Richard Cowan and Susan Cornwell | WASHINGTON WASHINGTON U.S. House Republicans on Friday won passage of a measure starting the process of dismantling Obamacare, despite concerns about not having a ready replacement and the potential financial cost of repealing Democratic President Barack Obama’s landmark health insurance law. The House of Representatives voted 227-198 to instruct committees to draft legislation by a target date of Jan. 27 […]
A trading surge powered by Donald Trump’s victory has helped two of the three biggest US banks boost quarterly profits, fuelling hopes Wall Street can extend its post-election resurgence. JPMorgan Chase’s trading business, the largest in the world by revenues, produced its best ever fourth-quarter. Net income jumped 96 per cent from a year earlier to $3.43bn. At Bank of America’s global markets business, net income soared […]
Self-assembly of matter is one of the fundamental principles of nature, directing the growth of larger ordered and functional systems from smaller building blocks. Self-assembly can be observed in all length scales from molecules to galaxies. Now, researchers report a novel discovery of self-assembling two- and three-dimensional materials that are formed by tiny gold nanoclusters of just a couple of nanometres in size, each having 102 gold […]
Chinese Premier Li Keqiang (R) meets with Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam Central Committee, in Beijing, capital of China, Jan. 13, 2017. (Xinhua/Li Tao) BEIJING, Jan. 13 (Xinhua) — Senior Chinese leaders Li Keqiang, Zhang Dejiang and Wang Qishan met with General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong in Beijing on Friday, vowing to […]
Crystal Lagoons, the patented technology developer of giant crystalline lagoons, has announced it has held a series of meetings with prominent Qatari real estate developers as the country looks to capitalise on a growth in tourism numbers and revenues. Designed to be self-cleaning, the lagoons only require topping up in response to evaporation and use up to 100 times less chemicals than traditional pool systems, and only […]
The debate over what yield on the 10Y spells the end of the 30 year bond bull market, and would spillover into selling among other asset classes, is heating up. Earlier this week, in his monthly annual letter Bill Gross wrote that 2.6% is the only level for the market that matters: “This is my only forecast for the 10-year in 2017. If 2.60% is broken on […]
Abu Dhabi, U.A.E., 13 January 2017 Lawmakers from around the world are meeting today in Abu Dhabi to discuss the policies needed to support the transformation of the global energy system. Held the day before the opening of the seventh Assembly of the International Renewable Energy Agency (IRENA), the 2017 Legislators Forum, “Renewable Energy – the Role of Legislators in Catalyzing Action”, is the second meeting of […]
By Jamie McGeever | LONDON LONDON European and U.S. stocks looked to end a sluggish week on a high note on Friday, while the dollar was on track for its biggest weekly fall in two months and U.S. bond yields eyed their longest run of weekly declines since July. Investors largely shrugged off figures that showed Chinese exports fell the most last year since 2009, and will […]
OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. The Organization of the Petroleum Exporting Countries is planning to cut its output by 1.2 million barrels per day to 32.50 million bpd from […]
A long-term national strategy needs to be formulated by the United States government, along with consulting the private sector, to facilitate the advancement of the Internet of Things (IoT), and minimise chances of privacy and security-related harm, the US Department of Commerce has said in a report on Thursday. The Fostering the Advancement of the Internet of Things report said the government can facilitate the IoT by […]
Today’s Leadership Models Fail To Address Responsive And Responsible Leadership The World Economic Forum kicks off January 17th to 20th in Davos-Klosters, Switzerland. As the global theme for the annual meeting, responsive and responsible leadership begins a lofty conversation about the qualities required to bring generations together, create inclusiveness in growth opportunities, and to bridge cultural and economic divides. With the global system challenged by a confluence […]
13 January 2017 CR2 has today announced that its Board of Directors have appointed Fintan Byrne as Chief Executive Officer and Paul Geraghty as Chief Financial Officer, both of whom will also be sitting on the Board of Directors effective immediately. Fintan joins CR2 from his most recent role as General Manager for Europe with Mastercard Payment Gateway Services while Paul joins most recently from IBM having […]
