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Rashid Bin Fahd: ‘Bilateral relations between the UAE and India are witnessing continuous development and strong potential for greater prosperity in the next phase’ Abdullah Al Saleh: ‘India’s largest trading partners.. and UAE is the largest Arab investor in India and tenth globally’ Abu Dhabi, January 12, 2017 A high-level delegation from the UAE is participating in the 8th eighth Vibrant Gujarat Global Summit which kicked […]

Josh Benson and Tom McGeveran, who founded the politics, culture and media site Capital New York in 2010 before selling it to Politico in 2013, are leaving the company. The departures were announced in a memo to staff from Politico Editor-in-Chief John Harris, who also said Politico’s statewide operations would be consolidated in Rosslyn. Launched in 2015, Politico States has established a presence in states across America, […]

Fernandez was surprised at the scale of the problems on the Westside and the apprehension of the residents who remember the unmet promises of the past. “This is a very racialized atmosphere — the rich, white billionaire going to save the black folks,” he said while driving past boarded-up homes and shuttered churches and shops. “You can only go the speed of trust and just weather the […]

A classic distinction in markets exists between bulls and bears, the snorting herd of enthusiasts and the pessimists who roar at them from caves, waiting for a panicked stampede. Yet a sign of the uncertain outlook, with the consequences of the incoming Trump administration unknown, elections due in Europe and Brexit still to begin, may be how those labels don’t fit quite as easily as before. For […]

The new Online Application Platform sees that the visa is processes within 3 Business Days 12 January 2017 Brits, Indians, citizens and expatriates of the Gulf Cooperation Council (GCC) and 81 other nationalities will now be able to apply for Azerbaijan visa online in a safe and stress-free and way following the introduction of a hustle free online visa application technology by the Ministry of Culture and […]

Car sales in China are forecast to slow sharply this year as stimulus measures designed to boost demand are set to end. Sales are expected to increase 5 per cent in 2017, a significant drop from growth of 13.7 per cent last year, which was the fastest rate since 2013 despite a broader economic slowdown. Growth in 2016 exceeded expectations due to tax incentives on smaller vehicles, […]

Having publicly trashed the US economy’s performance during the presidential campaign, Donald Trump has become its most prominent cheerleader. The president-elect has in recent weeks claimed credit for surging consumer confidence, stellar equity prices and stronger end-of-year household spending, arguing there was “no hope” before he arrived on the scene. To Barack Obama’s supporters, claims from Mr Trump that the US was cloaked in economic gloom before […]

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Thursday 08:40 GMT Overview The dollar, Treasury yields and equities are lower — with pharmaceutical groups in the firing line — as traders question the “Trumpflation trade” following the US president-elect’s fractious press conference on Wednesday. The yen is stronger, signalling waning risk appetite among traders, while gold is back above $1,200, a seven-week high. Hot topic Investors are reassessing the implications of a Trump presidency. Markets […]

Saudi Arabia, 12 Jan, 2017  One of Saudi’s leading travel agencies, Mosaid Travel and Tourism Services, has renewed its ten-year exclusive relationship with global travel technology provider, Sabre Corporation (NASDAQ: SABR), to support its vision to expand regionally, provide more personalised travel experiences and improve customer satisfaction. “The travel industry is fast-evolving with new trends and rapidly-changing traveller expectations,” said Nadir Kazalbash, General Manager, Mosaid Travel and […]

By Susan Cornwell | WASHINGTON WASHINGTON The U.S. Senate on Thursday took a first concrete step toward dismantling Obamacare, voting to instruct key committees to draft legislation repealing President Barack Obama’s signature health insurance program. The vote was 51-48. The resolution now goes to the House of Representatives, which is expected to vote on it this week. Scrapping Obamacare is a top priority for the Republican majorities […]

Jan 12, 2017 11:45 am IST Amazon.com Inc. pulled doormats emblazoned with the Indian flag from its Canadian website after the South Asian nation’s foreign minister threatened to oust the Seattle company’s employees. “This is unacceptable,” Sushma Swaraj, India’s foreign minister, wrote on Twitter Wednesday in response to a posting from a user showing an image of the doormats for sale. Ms. Swaraj, who has 7 million […]

In Senegal, ENGIE has been selected for the Dakar TER project in partnership with Thales for the design and production of infrastructures and systems, with a contract amounting to 225 million euros DAKAR, Senegal, January 11, 2017 ENGIE (www.ENGIE.com ) announces the signature of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country. The first […]

Abu Dhabi Fund for Development (ADFD) has announced it will provide a AED735 million ($200 million) grant to help fund the expansion of King Hussein Medical City in Jordan. The contribution is in line with the 2013 UAE government grant contribution of AED4.6 billion to the Gulf Development Fund, a five-year grant programme to finance development projects in Jordan. The grant will fund the first phase of […]

Nielsen Music has released its annual report of music industry sales figures, and the news is good thanks to the growth of streaming. Music sales experienced an uptick of 3 percent compared to those in 2015, despite a plunge in the sale of digital downloads and physical units. Streaming Shows Huge Growth 2016 was the year that streaming really came into its own, and with major streaming […]

Top US lawmakers are challenging Wells Fargo to explain a recent rise in overdraft charges, signalling a new regulatory battle for the bank still reeling from a fake accounts scandal. On Wednesday a group of Democrats on the Senate banking committee wrote a letter to Tim Sloan, the bank’s chairman and chief executive, asking him to explain whether the bank’s recent surge in income from overdraft charges […]

By Emily Chow | SUNGKAI, Malaysia SUNGKAI, Malaysia The Malaysian plantation district of Sungkai has become an initial – and unlikely – battleground for an election that embattled Prime Minister Najib Razak is expected to call this year. Sungkai is home to ethnic Malays who work for the national palm plantation operator, Federal Land Development Authority (Felda). Known as “Felda settlers”, they have long been among the […]

Turkish president Recep Tayyip Erdogan’s attempt to take control of all levers of power and a mounting terrorist threat has begun to alarm investors, sending the Turkish lira down 4 per cent to an all-time low on Wednesday. The lira traded at 3.93 to the dollar, down 12 per cent since the beginning of January, clocking its worst performance since a failed coup in July which prompted […]

|By Arabian Post Staff| Although smartphone sales growth rate is slowing down worldwide, the Middle East and North Africa (MENA) region is witnessing an increase in sales. Smartphone shipment to the MENA region reached 171.2 million in 2016, up from 157.5 million, according to Statista.com – a global portal of statistics that collects information from 18,000 sources. This also means that the Middle East mobile market is […]

Staff costs are rising faster than beer prices and its market faces intense competition. Still, Hong Kong investors sent Bar Pacific soaring as much as 1,600 per cent on its debut for the best-ever opening day by a pub group anywhere in the world. The group, which specialises in local neighbourhood bars rather than the glitzy city centre offerings more usually associated with Hong Kong, raised HK$45.2m […]

On Wall Street, Donald Trump’s election win spelt pain for the dollar and stock markets right up until the moment he began his acceptance speech in the early hours of November 9 at the New York Hilton. Then the dollar began a trough-to-peak surge that would leave it up almost 3 per cent, a performance only bettered in 2016 on the day after the Brexit vote. S&P […]

The energy service provider has successfully completed retrofit projects for 2,178 buildings 11 January 2017 Dubai, United Arab Emirates Etihad ESCO’s retrofit projects have successfully saved 54GHW of energy in 2016, through five major projects, implemented for DEWA, JAFZA, Dubai International Financial Centre (DIFC) and Mohammed Bin Rashid Housing Establishment (MRHE), which equates to AED 34 Million in monetary terms. The energy service provider said that it […]

Sonos has promoted former BlackBerry manager Patrick Spence to take over as chief executive from founder John MacFarlane, after the rise of streaming music services propelled the wireless speaker maker to further growth last year. The change comes as 15-year-old Sonos repositions itself to take advantage of a new wave of voice-controlled “virtual assistants” such as Amazon’s Alexa and connected-home technologies. Mr Spence joined the California-based company […]

Alibaba wants to transform the retail sector with a US$2.6 billion buyout that it says will break down the barriers between offline and online. The Chinese e-commerce giant said its investment unit was working with Intime Retail’s founder, Shen Guo Jun, to take the department store chain private with a projected HK$19.8 billion (US$2.6 billion). The funds would be raised through internal cash and external debt financing. […]

Bjarni Benediktsson, leader of the conservative Independence Party, is Iceland’s new prime minister. (Halldor Kolbeins/Agence France-Presse) The Panama Papers — a huge leak of documents detailing the alleged secret offshore holdings of a global elite — were released in April 2016. The leak made headlines all over the world, but its impact was probably most keenly felt in Iceland. Just two days after the leak appeared, Icelandic Prime Minister Sigmundur David Gunnlaugsson […]

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