12 December 2016 Dubai, UAE: Deyaar has launched a fresh drive to help customers make the right investment choices, with a range of generous promotional offers that include zero down payments on new properties and waivers for Dubai Land department fee. Marking the end of a successful year, Deyaar is launching the promotion that covers some of its key residential projects – Midtown, Mont Rose and Ruby […]
BMC announced Monday that Peter Leav is joining the enterprise software firm as its new president and CEO. Leav comes to BMC from Polycom, the global collaboration company where he served as president and CEO for the last three years. He’s succeeding Bob Beauchamp, who will continue to serve as chairman of the Board of Directors for BMC. BMC, which went private in 2013, is entering its […]
Abu Dhabi’s hosting of the Formula One championship showdown race last month helped raise the fortunes of hoteliers in the emirate, according to data from industry analysts STR. Despite a year-on-year decrease, the absolute level of average daily rates would be the highest in Abu Dhabi since last November, boosted by visitors coming to see Lewis Hamilton and Nico Rosberg go head-to-head for the world title, STR […]
Following Friday’s report by RCB’s Charlie McElligott which sought to answer “THE” question every investor is asking, namely “what could derail this rally“, today’s the cross-asset strategist has released a follow up analysis in which he warns that even though the bond battering continues – and is likely to continue for a while – the market is now being set up for a “massive mean-reversion” counter-trend rally […]
ABU DHABI // With kindergarten pupils making up nearly 20 per cent of the private schools population, investors are being encouraged to open more schools catering to the early years education. The Abu Dhabi Education Council, which regulates private schools in the emirate, recently held a workshop for about 60 prospective and current investors to offer information on the business opportunities available in the education market. It […]
Oil prices surged above $57 a barrel for the first time since July 2015 on Monday, rallying as much as 6.5 per cent after the Opec cartel clinched a long-sought supply pact with Russia and other big crude exporters. Russia led a loose coalition oil producers from outside Opec, including Oman, Mexico and Kazakhstan, in an agreement signed this weekend to reduce supply by 558,000 barrels a […]
· Chamber organised study mission to explore trade and investment opportunities in St. Petersburg · Delegation discussed Dubai-Russia trade ties with key stakeholders from the city’s public, private sectors 12 December 2016As part of its efforts to explore new business opportunities for its members and promote Dubai as a global business hub, Dubai Chamber of Commerce and Industry recently conducted a study […]
The prospect of a more aggressive Federal Reserve and a surge in the oil price hit global bonds on Monday, sending the yield on the benchmark 10-year Treasury note above 2.5 per cent for the first time since 2014. Treasuries have led a sharp sell-off in sovereign bonds since Donald Trump’s victory in last month’s US election, raising the prospect that Fed officials will have to raise […]
The NSW Department of Industry’s Division of Resources and Energy (DRE) has tasked Singapore-based data startup Latize with helping it transform mining safety and incident analysis processes using data intelligence. While the value of the contract has not been disclosed, Latize said DRE is the first local government client it has acquired since opening up an office in Sydney in June. The deal comes at a time […]
By Howard Schneider | WASHINGTON WASHINGTON The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inflation outlook. Fed fund futures show a 97 percent probability that the Fed will lift rates by a quarter of a percentage point at the end […]
By Engen Tham and Adam Jourdan | SHANGHAI SHANGHAI Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home – his mum and dad. Interviews with Ma, a single-child, his mother and grandmother, show how rapidly […]
11 December 2016 Dubai-UAE – National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has launched its Prestige wealth management program for the benefit of high net-worth customers that total more than 11,000 of the company’s 817,000 client base. National Bonds announced the program at a special gala dinner at the Ritz Carlton in Dubai International Financial Center (DIFC). Attended by guest […]
Boeing officials, already dismayed by Mr. Trump’s attack last week over the costs of a new Air Force One, acknowledged that the Iran jet deal still faced contingencies — a polite way of saying they were deeply worried about whether Mr. Trump and the Republican-led Congress would support it. Continue reading the main story Beyond that deal, Boeing and other companies that export jet engines, high-tech products […]
First it was the Fed, then the ECB (which last week tapered when it reduced the monthly amount of bond purchases under its QE program). Now attention shifts to the Bank of Japan, because as the WSJ writes, one of central banking’s most aggressive easers – Kuroda’s Bank of Japan – may soon have to think about tightening for the first time since 2007. While it has […]
The first global crude supply pact in 15 years has underlined the growing energy alliance between Saudi Arabia and Russia, as the depth of the two-year oil slump forces co-operation between once unlikely partners. Russia led the main oil producers from outside the Opec cartel, including Mexico and Kazakhstan, in a deal signed this weekend to reduce supply by 568,000 barrels a day — with Moscow, the […]
In the past 70 years, the world’s population tripled to more than seven billion and average global temperature increased by nearly one degree Celsius. Population growth and climate change are associated with big challenges facing modern agriculture. New research combines computer science and biology to identify genes that make plants more resistant to stress factors, such as drought and saline soils. (via WSJ)
An astounding 60 percent of employees have been given their walking papers at Yik Yak, a chat app particularly popular among college students. The massive layoff saw the 50-strong startup reduced to a motley crew of 20 on Dec. 8. Yik Yak Layoff The recent development has been surprising for tech industry observers because Yik Yak has managed to raise $73.5 million from investors since it began its […]
ABU DHABI // Cultural development is an integral part of progress in any society, Sheikh Nahyan bin Mubarak, Minister of Culture and Knowledge Development, told a conference in the capital. Sheikh Nahyan said on Sunday that culture was a pre-requisite for achieving successful and sustainable economic growth. “We strive to preserve our heritage, values and principles as well as all aspects of culture in the UAE and […]
Saudi Arabian non-oil private sector growth rebounded in November following a back-to-back slowdown in September and October, according to a new survey. Data from the Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) showed that utput, new orders, purchasing activity and input stocks all rose sharply and at faster rates than in the prior month. That said, the expansions remained weaker than their respective averages. Subsequently, the […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the expectations of boom times for US stocks, the troubles of active fund managers and Italy’s dilemma after the referendum. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. US stocks may be at record levels but there is no end to […]
By Caroline Valetkevitch | NEW YORK NEW YORK Next week’s Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month’s presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting – in what would be its first […]
Ahead of next week, here are the big questions we are asking at FT Markets What signal will the Federal Reserve send? The last US central bank meeting of the year will unfold on Wednesday with all eyes on officials’ latest assessment of the economy and the press conference of Fed chief Janet Yellen. Plenty has changed since their previous gathering just before the US election. Dollar […]
International retail franchise operator MH Alshaya Co is preparing to open 32 brands at the new Mall of Qatar, which is set for a soft opening on December 10. Alshaya’s portfolio at the mall will include eight brands that will be making their debut in Qatar. The brands opening for the first time in Qatar include The Cheesecake Factory, Victoria’s Secret, Texas Roadhouse, Le Pain Quotidien, Bridgewater […]
Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports as well as Khalifa Industrial Zone, has hailed the opening of the new Mohammed bin Rashid Road as a “major milestone”. Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said in a statement that the new highway, which opened on Tuesday, will enable Khalifa Port’s expansion and growth plans. Al […]
