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United Nations Secretary-General Ban Ki-Moon addresses the Annual Conference of Swiss Developement Cooperation in Zurich, Switzerland January 22, 2016. On the screen behind are displayed the 17 goals of UN’s 2030 Agenda for Sustainable Development (Reuters/Arnd Wiegmann). Emerging Voices highlights new research, thinking, and approaches to development challenges from contributing scholars and practitioners. This post is from Niklas Kossow, communications officer for the European Union FP7 ANTICORRP […]

Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]

An employee of a foreign exchange trading company works near monitors showing U.S. President-elect Donald Trump speaking on TV news (top) in Tokyo, Japan, November 9, 2016. (Toru Hanai/Reuters). With Donald Trump’s victory, the prospects for digital trade have dimmed. This development owes much to the hostility towards trade that Trump brings to the presidency. But it also involves shifts more fundamental than Trump’s rejection of trade […]

People have a general idea of how much a rocket-propelled grenade costs. What about a cyber weapon? (Baz Ratner/Reuters), Max Smeets is a D.Phil candidate and research affiliate of the Cyber Studies Programme at the University of Oxford. His work analyzes the proliferation of cyber weapons. Can a non-state actor take down critical infrastructure with a cyberattack? If it is not possible today, will it be possible […]

November 29, 2016 The UAE Banks Federation, the professional body representing 49 banks in the UAE, hosted today (Tuesday, November 29, 2016) its 4th CEOs Advisory Council Meeting in Dubai. The meeting provided an engaging platform to assess UBF’s progress in developing a unified approach to customer complaints, discussed the industry’s preparedness in cyber-security domain and reviewed latest developments in the sector. Speaking on the sidelines of […]

In a report confirming that the ECB is preparing for a rerun of a post-Brexit scenario, Reuters writes that the ECB is ready to temporarily step up purchases of Italian government bonds if the result of next Sunday’s crucial referendum, which according to WSJ will likely determine the future of not only Monte Paschi but other insolvent Italian banks, “rocks markets” and sharply drives up borrowing costs […]

Two weeks before the election, I traveled to Maine for a conference and drove through Massachusetts and New Hampshire on my way. In Silicon Valley, which was mostly Clinton country, I’d seen very few signs or bumper stickers promoting any candidates. But as I drove through the northeast, plenty of Trump signs were displayed on people’s lawns, fences, and car bumpers. I did see a […]

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Sunday, June 8 – The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. To view the full IFG Briefing click here: bit.ly/1qb3njw Top Stories: Islamic Economy: Islamic credit cards and startup financing focus for EFICA 2014 (Page 3) Country: Advertisement ? Call for more private sector involvement in Turkey’s Islamic finance sector […]

16.6MW of new solar power generation capacity doubles UAE’s total contribution to Mauritania’s clean energy output Abu Dhabi, UAE, 29 November 2016  Eight new rural solar energy projects have been completed, and are now operational, across the Islamic Republic of Mauritania, in western North Africa, doubling the UAE’s total contribution to the country’s clean energy capacity to 31.6 megawatts (MW). Delivered by Masdar, the Abu Dhabi Future […]

Dubai’s state-owned utility firm has signed a power purchase agreement with Abu Dubai Future Energy Company, better known as Masdar, for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. Dubai Electricity and Water Authority (DEWA) said the agreement was signed by Saeed Mohammed Al Tayer, managing director andCEO of DEWA, and Dr Sultan Ahmed Al Jaber, UAE Minister of State and chairman […]

DUBAI, June 9 (Reuters) – The malls unit of Dubai’s Emaar Properties is likely to issue 10-year sukuk this week, three sources with knowledge of the deal said, as the current environment makes it relatively easy to lock in longer-tenure funds at lower rates. The debut sukuk may print after the firm concludes its investor meetings on Tuesday for a benchmark-sized offering. Emaar Malls will issue sukuk […]

Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]

By Nandita Bose and Sayantani Ghosh U.S. shoppers snapped up Cyber Monday deals on what is usually the single biggest day for internet shopping, after stellar online sales over the Thanksgiving holiday weekend. Sales on Cyber Monday were expected to finish up 9.4 percent at $3.36 billion compared with last year, according to Adobe Digital Insights. As of 10 a.m. EST on Monday, sales totaled $490 million. […]

DUBAI // Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has honoured 45 Emirati individuals and entities that contributed to the UAE Year of Reading. At the UAE Pioneers Award 2016 ceremony on Monday to coincide with the 45th National Day celebrations, Sheikh Mohammed said: “Today we honoured pioneers and supporters of culture and reading in the UAE. We are proud of their contributions that […]

54% of Amman residents rate the quality of education institutions as good or excellent, according to the 2016 Bayt.com and YouGov survey ‘Top Cities in the Middle East and North Africa’ Amman, Jordan, 28 November 2016 A new survey by Bayt.com, the number one career site in the Middle East, and YouGov, a pioneer in online market research, titled ‘Top Cities in the Middle East and North […]

Industry eyes opportunity to reinvest at higher yields and leave low rate era behind ©Noam Galai/WireImage/Getty Donald Trump may be just what the global insurance industry needs. Shares in several of the sector’s largest companies have outperformed the market strongly since the US election, on hopes that a prolonged squeeze on their returns is finally drawing to a close. Years of ultra-low rates have eaten away at […]

BEIJING Chinese police have formally detained nine people involved in a power plant construction project in the east of the country which collapsed last week killing 74 people, state news agency Xinhua said on Monday. The accident happened on Thursday morning in Fengcheng, in Jiangxi province, during work on a cooling tower for a coal-fired power plant. A tower crane collapsed, triggering the collapse of the entire […]

Soaring US ecommerce sales on the day after Thanksgiving have put Black Friday on course to challenge Cyber Monday as the year’s busiest online shopping day. But the opening days of the holiday shopping season have also seen heavy discounting that could weigh on retailers’ profits. US ecommerce sales hit a record $3.34bn on Black Friday, a 22 per cent increase from 2015, according to Adobe Digital […]

In these volatile times, gold is more important than ever. Bonner & Partners’ Bill Bonner explains in this two-part series, the importance of ‘real money’ and why you need it now… Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be […]

It is hard to believe that less than 50 years ago, life in the UAE relied entirely on the natural environment. When you look at photographer Richard Allenby-Pratt’s images of landscapes across the country, the devastation to the fine balance of a desert ecosystem caused by modern consumptive lifestyles is heartbreaking. Shots of the Hajar Mountains in Fujairah reveal great trenches carved out for cement production. On […]

Chinese electronics company Xiaomi witnessed a clear decline in its smartphone profit lately. The company, however, is not afraid of the drop, as it announced it derives its profits from other products aside from smartphones. Furthermore, company executives believe that the regression in its smartphone trade would have no significant negative impact to the company. Despite experiencing a fallback in terms of revenue as of late, Xiaomi […]

Electrolux, the Swedish appliance maker, is exploring starting an “Uber for laundry” in which consumers would use their own washing machines to wash other people’s clothes. Jonas Samuelson, the new chief executive of the world’s second-biggest white goods manufacturer, told the Financial Times that Electrolux was trying to overcome big hurdles to make the project work. “We have a few fun ideas we are testing, like: how […]

Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]

By Edward Taylor and Jan Schwartz | FRANKFURT/HAMBURG FRANKFURT/HAMBURG Just as Porsche and Audi have fought for supremacy on the race track, the Volkswagen brands are now locked in a cut-throat battle to develop and manufacture the next generation of electric cars at a group embroiled in the “Dieselgate” scandal. Volkswagen Group denies that the kind of internal rivalry that it encouraged at the Le Mans 24 […]

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