Hotel occupancy in Dubai rose by nearly five percent in November compared to the year-earlier period to be the top performing market in the Middle East and North Africa, according to new figures. EY’s November 2016 GCC Key Performance Highlights report showed that the emirate’s hotels achieved an occupancy rate of 89.5 percent compared to 84.8 percent in November 2015. The data also showed that Dubai hoteliers […]
Bulletproof Group reported on Thursday that it is on track to deliver improved financial results in the 2016-17 financial year, thanks to product investment and marketing strategies. The Australian Securities Exchange-listed cloud services provider informed the market that full-year revenue is expected to reach AU$54 million, up 14 percent from the 2015-16 financial year. Half-year revenue is expected to reach AU$24 million, an 11 percent increase over […]
Mijbel AlQattan appointed President of the society by the newly elected board, replacing outgoing President Rafik Hafez. Kuwait, 22 December 2016 CFA Society Kuwait, CFA Institute’s local association of investment professionals consisting of portfolio managers, financial analysts and investment advisors, has announced the appointment of its new board of directors. Mijbel AlQattan, previously the society’s Vice President, was appointed by the newly elected board of directors to […]
|By Arabian Post Staff| Dubai saw a 11 per cent surge in the total volume of traded goods in the first nine months of 2016, rising as high as 70.82 million tons of commodities. Imports had the lion’s share at AED 594 billion (46.81 million tons and 12% increase), while exports and re-exports accounted for AED 109 billion (11.84 million tons and 8% increase) and AED 249 […]
It turns out there is a downside to spending 120% of your annual income every year from the time you graduate college until that day you turn 40 and finally realize that you’re getting old and have absolutely no liquid assets and no hopes of ever retiring. While the above strategy seemingly makes sense to our elitist, Ivy League-educated central planners at the Fed who have waged […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
The vote for Brexit will change the course of Britain’s history, Philip Hammond announced last month. The UK chancellor may be a strident advocate for a soft departure from the EU but he has also been keen to paint a positive picture of the country’s economy, saying the UK’s fundamental strengths will “ensure our future success”. Financial markets are sceptical. The economy may have confounded doom laden […]
Ma’aden, QIC and Bupa Arabia are fastest growing companies in 2011-15. Nearly 90% of fastest growing companies come from Saudi Arabia and Qatar. Share prices rose for almost all the fastest growing companies. Collectively, the fastest growing companies achieved around 100% stockmarket outperformance. 22 December 2016 A landmark report released today by research group Marmore MENA Intelligence profiles 15 of the fastest growing listed […]
By Rodrigo Campos | NEW YORK NEW YORK The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely in the offing, and investors would be well advised […]
“The boundaries of uncertainty have increased [for fixed-income markets],” says Dan Ivascyn, chief investment officer at Pimco, the bond specialist that invests more than $1.5tn. “Rates certainly can go higher.” What is clear for bond investors is that they face a true test of their convictions in 2017 after an end to 2016 that challenged the consensus of low inflation and rates that, at one point, drove […]
A recent want ad for a job at a professional services companies had this interesting description: Photo: Joe McKendrick “Robotic Process Automation Analyst: Key responsibilities include: work with business teams to simplify and improve operations by analyzing as-is processes and create end-to-end automation solution designs… Work with process owners/SMEs and technology teams to analyse and assess automation feasibility… Document business requirements, processes and work instructions…. Operate as […]
A hundred years ago, an arms race between the dominant global superpower the (British Empire) and a rising power (Kaiser Wilhelm’s Germany) culminated in the mass slaughter of World War One. The deep mistrust between the United States and the People’s Republic of China has all the potential to spawn a traumatic chapter in international relations. Despite its “pivot” to Asia, the Obama White House was cautious […]
|By Arabian Post Staff|A Booz Allen Hamilton report discusses how the global retail sector is changing in the face of an unprecedented shift in customer behavior, fueled by advanced technology and wider acceptance of online shopping and ecommerce. The report titled ‘Next Generation Retailers: Power Up Your Analytics’ has found that investing in customer analytics offers exciting opportunities for the growth and development of the regional retail […]
The Ostrich-like dinosaur Limusaurus inextricabilis that lived in what is now China 160 million years ago has a unique trait. It is born with teeth but eventually become toothless as it gets older. The creature was a two-legged dinosaur characterized by short arms and long, slender legs. The largest ones measured about 6 feet long or under 2 meters. Scientists believe they have down-like feathers that covered some parts […]
Each year at the Ira Sohn conference a group of the world’s best known hedge fund managers present their top ideas for what to buy in the stock market. The event is so closely followed by investors that it is not unknown for shares in companies that are picked to start rising before presenters have even left the stage. More recently, however, some of these celebrity investors […]
22 December 2016 Ashtead Technology has announced the acquisition of Abu Dhabi based TES Survey Equipment Services LLC for an undisclosed sum. The acquisition will enable the leading independent provider of subsea equipment and services to the offshore oil and gas industry to significantly increase its customer service offering in the Middle East, a region which has strong growth potential for Ashtead. Established in 2007 by Susan […]
IDC predicts that 35 percent of leading organizations in logistics, health, utilities, and resources will explore the use of robots to automate operations by 2019. What does the future hold for robotics? It’s hard to say, given the rapid pace of change in the field as well as in associated areas such as machine learning and artificial intelligence. But one thing seems certain: Robots will play an […]
|By Arabian Post Staff| Saudi Arabia unveiled a $237 billion budget for 2017, an 8 percent increase from 2016, with projections of a record 33 percent decrease in the Kingdom’s national deficit. “Our economy is firm and it has sufficient strength to cope with the current economic and financial challenges,” said King Salman bin Abdulaziz.. “We have sought through this budget and its programs to improve the […]
What a difference a year makes. Having ended 2015 as the worst performing sector on the S&P 500, energy stocks are on track to become this year’s biggest winners as this month’s rally in crude prices further extended the sector’s gains. Despite falling 0.1 per cent on Friday, the S&P 500 energy index is still up more than 25 per cent this year, making it the top […]
Just over six years ago, in December of 2010, we wrote “Charting America’s Transformation To A Part-Time Worker Society“, in which we predicted – and showed – that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of […]
Tourism sector veteran Peter Cook, who played a key role in the development of Dubai and Oman’s travel industries, has been appointed as CEO of Atbahrain. Atbahrain, a wholly owned subsidiary of Bahrain Mumtalakat Holding Company, is focused on developing, managing and marketing Bahrain as a travel and tourism destination. Cook brings to Atbahrain more than 30 years of experience in the tourism industry including valuable knowledge […]
Christmas is almost here (and so is Hanukkah), and so it is time for the Long View to revisit the offices of Hindsight Capital LLC once more. Hindsight Capital, for the uninitiated, is the hedge fund that beats all others year in and year out because it is endowed with 20/20 hindsight; it can see the future. The returns to clairvoyance are potentially infinite, so it has […]
Fotowatio Renewable Ventures (FRV), a developer of large-scale solar power plants and part of Saudi-based Abdul Latif Jameel Energy, has been awarded a 30-year 300MW solar project in Mexico. With this build-operate-own agreement, FRV said it is extending its global footprint into the Mexican market at a rate of $26.99/MWh for the first 15 years of the project. The construction of the plant will begin in mid-2018 […]
ABU DHABI // After going through a divorce and a custody battle for her children, Aysha Al Naqbi knows the trauma that marriage break-ups can cause. So, Ms Al Naqbi has decided to dedicate herself to helping other women going through similar experiences. “It can be tough being a divorced female,” says Ms Al Naqbi, 38, from Khor Fakkan. “You will get questioned a lot, ‘why you’re […]
