|By Matein Khalid| When I first started on a Treasury bond futures trading desk in New York fresh out of Wharton, a senior mentor once advised to keep track of the four heartbeats of gold finance in real time. The price of money (interest rates), the price of currency (the US dollar), the price of oil and the price of gold. The price of money can be […]
By Manish Rai Last year in June Saudi Arabia, the UAE, Bahrain and Egypt imposed a land, sea, and air blockade on Qatar for its alleged support to terror outfits and being too close to Iran. The Arab neighbours thought that by imposing this blockade they can pressurise Qatar to set aside its own ambitious foreign policy and toe the line of its bigger neighbours. But during […]
|By Matein Khalid|The rise in Brent crude to $60 a barrel and the trade volume ballast generated by the world’s first post Lehman synchronized economic recovery is hugely positive for UAE economic growth in 2018. After all, the UAE is unique because Abu Dhabi’s 100 billion barrels of proven oil reserves is complemented by Dubai’s role as the Gulf’s financial, logistics, aviation, shopping and services hub. The […]
|By Matein Khalid| Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus J.P. Morgan did not mince his words. He called Bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the seventeenth century and declared he would fire any trader at his bank trading in the cryptocurrency “in a second” for “stupidity”. This has only reinforced the […]
|By Matein Khalid| Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New York Stock Exchange floor to cheers and the Dow Jones Index rise 150 points when news broke that Trump had fired his alt-right, white nationalist chief strategist […]
Interested in precious metals investing or storage? Contact us HERE Posted with permission and written by John Rubino CLICK HERE FOR ORIGINAL) By now everyone with an Internet connection is aware of the “ransomware” attack that shut down hundreds of thousands of computers over the weekend. The fact that the onslaught is just beginning — as the military-grade hacking tools developed by […]
A recent poll put Mr. Raisi in second place in the race for the presidency, with 27 percent of the projected vote. The same poll, by the Iranian Students Polling Agency, projected that the incumbent president, Hassan Rouhani, will get around 42 percent, depending on the turnout on Friday. Continue reading the main story On Monday, though, the second-most-popular conservative in the race, Mohammad Bagher Ghalibaf, the […]
SEOUL U.S. President Donald Trump told South Korea’s presidential envoy that Washington was willing to try to resolve the North Korean nuclear crisis through engagement, but under the right conditions, South Korea’s foreign ministry said on Thursday. Trump has said “a major, major conflict” with North Korea is possible and all options are on the table but that he wanted to resolve the crisis diplomatically, possibly through […]
|By Arabian Post Staff| The Saudi Arabian Public Investment Fund has announced the creation of a new national military industries company. Saudi Arabian Military Industries (SAMI) will manufacture products and provide services across four business units: Air Systems, which includes maintenance and repair of fixed-wing aircraft as well as manufacturing and repair of unmanned air vehicles; Land Systems, which includes manufacturing and repair of military vehicles; Weapons & […]
By Arshad Mohammed and Yeganeh Torbati | WASHINGTON WASHINGTON U.S. President Donald Trump on Wednesday extended wide sanctions relief for Iran called for under a 2015 international nuclear deal even as he imposed narrow penalties on Iranian and Chinese figures for supporting Iran’s ballistic missile programme. The dual actions, announced by the Departments of State and Treasury, appeared intended to signal a tough stance on Iran even […]
Photo Supporters of President Hassan Rouhani, who is running for re-election, at a campaign rally in Isfahan, Iran, on Sunday. Credit Vahid Salemi/Associated Press WASHINGTON — The Trump administration signaled on Wednesday that it would not, for now, jettison the Iran nuclear deal, despite the president’s harsh criticisms of the agreement during the campaign. But while acknowledging that the deal would remain in place, the administration imposed […]
WASHINGTON The United States on Wednesday sanctioned two Iranian defense officials, an Iranian company and members of a China-based network for supporting Iran’s ballistic missile program, the U.S. Treasury said in a statement. The targeted sanctions come on the same day the Trump administration said it would continue to waive other, broader sanctions on Iran, a move that was required to keep implementing the 2015 nuclear deal […]
SEOUL South Korean President Moon Jae-in said on Wednesday there was a high possibility of conflict with North Korea, whose nuclear and missile capabilities seem to have advanced rapidly recently, South Korea’s Edaily reported. “The reality is that there is a high possibility of a military conflict at the NLL (Northern Limit Line) and military demarcation line,” Moon was cited as saying. (Reporting by Christine Kim and […]
SEOUL South Korea said on Wednesday it wanted to reopen communications with North Korea as new President Moon Jae-in seeks a two-track policy involving sanctions and dialogue with its reclusive neighbour to rein in its nuclear and missile programmes. North Korea has made no secret of the fact that it is working to develop a nuclear-tipped missile capable of striking the U.S. mainland and has ignored calls […]
By Yara Bayoumy and Katie Paul | WASHINGTON/RIYADH WASHINGTON/RIYADH When U.S. President Donald Trump meets Saudi princes in Riyadh on Saturday, he can expect a warmer welcome than the one given a year ago to his predecessor Barack Obama, who Riyadh considered soft on arch foe Iran and cool toward a bilateral relationship that is a mainstay of the Middle East’s security balance. Beneath the pomp, Riyadh will be looking for assurances […]
By Parisa Hafezi | ANKARA ANKARA Iranians vote for president on Friday in a contest likely to determine whether Tehran’s re-engagement with the world stalls or quickens, although whatever the outcome no change is expected to its revolutionary system of conservative clerical rule. Seeking a second term, pragmatist President Hassan Rouhani, 68, remains the narrow favourite, but hardline rivals have hammered him over his failure to boost […]
By Andrea Shalal | BERLIN BERLIN The German defence ministry announced a possible delay in another big arms programme on Tuesday, marking a further setback for a military already faced with a probe into right-wing radicalism in its ranks. State Secretary Ralf Brauksiepe told lawmakers it was unclear if a 1.5 billion-euro purchase of five new military corvettes – spending added to the 2017 budget after delays […]
GENEVA North Korea’s recent missile test-launch was a legitimate act of self-defence under international law and U.S. criticism of it a “wanton violation of the sovereignty and dignity of the DPRK, a North Korean diplomat told the U.N. Conference on Disarmament on Tuesday. “The DPRK will bolster its self-defence capabilities as long as the United States continues its hostile policies towards the DPRK and imposes nuclear threats […]
SEOUL North Korea’s missile programme is progressing faster than expected, South Korea’s defence minister said on Tuesday, hours after the UN Security Council demanded the North halt all nuclear and ballistic missile tests and condemned Sunday’s test-launch. The reclusive North, which has defied all calls to rein in its weapons programmes, even from its lone major ally, China, has been working on a missile, mounted with a […]
By Dustin Volz | WASHINGTON WASHINGTON An unprecedented global cyber attack that infected computers in at least 150 countries beginning on Friday has unleashed a new wave of criticism of the U.S. National Security Agency. The attack was made possible by a flaw in Microsoft’s Windows software that the NSA used to build a hacking tool for its own use – only to have that tool and […]
UNITED NATIONS The United Nations Security Council on Monday condemned North Korea’s recent ballistic missile tests, warning that the launches contributed to the development of nuclear weapons delivery systems and were greatly increasing tensions. North Korea fired a ballistic missile that landed in the sea near Russia on Sunday in a launch the United States called a message to South Korea days after its new president took […]
There is much going against South Korea right now, including an anaemic economy, a series of failures in the country’s shipbuilding sector, Chinese boycotts and North Korean belligerence. And yet the country’s stock market keeps hitting records. The Kospi, the Korea’s main equities benchmark, set a record high last week and is up 13 per cent in the year to date, making it one of Asia’s best-performing major markets of 2017. […]
ABU DHABI // Sheikh Mohammed Bin Zayed met Donald Trump for talks in Washington on Monday, as the White House announced a defence cooperation agreement between the two countries. Mr Trump’s press secretary, Sean Spicer, said the agreement, which was concluded “recently”, would allow the UAE and United States “to work more closely together to address common security threats”. “The [US] president hopes to work together even […]
U.S. stocks opened higher on Monday as a rise in oil prices boosted energy stocks, soothing some nerves following a massive cyber attack that locked up 200,000 computers in more than 150 countries. Oil hit a three-week high after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally […]
