|By Lawrence Williams| The most recent call by Goldman Sachs to once again sell gold short has not, so far been a good move by the investment bank, and it comments in its latest research that it is down 5% on the call – with a stop loss indicated at 7%. But, it also reiterates that it remains confident in its bearish viewpoint and that it still stands […]
|By Alaa Alghamdi| Daniel Quinn is a lesser known American writer, albeit with an enthusiastic, if not huge, following. I, personally, find his ideas rather brilliant, but I understand why they may not be widely understood or accepted. Quinn uses simple fictional frameworks to convey powerful, often controversial social and political messages. And he has some notions that may be considered odd until one carefully reconsiders them […]
|By Arabian Post Staff| Investment Corporation of Dubai is seeking to raise over a billion dollars for its real estate projects, people familiar with the move have been reported as saying. The banks being approached apparently include Emirates NBD, Dubai Islamic Bank and Abu Dhabi Commercial Bank. The projects are said to include a new Atlantis resort Palm Jumeirah island and a new tower at the DIFC. […]
|By K Raveendran| A clear assessment of the impact of the introduction of value added tax (VAT) in the UAE is not available yet, but it is fairly clear that it will have serious adverse results for the retail industry, which is already suffering a dip in demand. Minister of State for Financial Affairs Obaid Humaid Al Tayer announced the other day after a joint press conference […]
|By Matein Khalid| The sultanate of Oman has enjoyed phenomenal economic development success in the 45 year reign of His Majesty Sultan Qaboos bin Said. Modern Oman is one of the true social, political and economic success stories of the Arab world. However, the Achilles heel of the Omani economy is its huge dependence on oil and gas export earnings, 60% of the sultanate’s GDP. Standard and […]
|By K Raveendran| Going by the pace at which machinery automation is advancing, the day does not appear to be a long way off when self-working machines carry out complicated and high-skilled operations without manual intervention. The Win Eurasia Metal Working Fair in Istanbul held during 11-14 February provided clear insights into the evolving trends in this area and the rapid strides Turkish machinery manufacturing industry is […]
Crude oil surged the most in seven years, rebounding from the lowest in more than a decade as equities rallied. Volatility jumped. Futures rose 12 percent in New York and 11 percent in London. U.S. stocks halted a five-day slide that dragged global equities into a bear market. Producers are ready to work together and won’t make cuts unless there’s complete cooperation, United Arab Emirates Oil Minister Suhail […]
|By Matt Smith| Dubai’s Emaar Properties , builder of the world’s tallest tower, reported near-flat quarterly net profit on Wednesday after taking a writedown related to a fire at one of its hotels on New Year’s Eve. The 301 million dirham ($82 million) writedown stalled an earnings boom at the government-linked developer, which had reported rising net income in the preceding 10 quarters. Emaar made a net […]
Gold and its miners’ stocks are rocketing higher as speculators and investors alike return to this left-for-dead sector. This sudden deluge of capital inflows has crowned gold stocks the best-performing sector of this young new year by far, shocking traders. And this stunning reversal of fortunes in both the metal and the companies producing it is only starting, so it’s exceedingly important to understand what’s going on. […]
iPhone owners who use third-party repair services are finding their devices can suddenly become useless “bricks” after they update the iOS operating system. Apple confirmed yesterday that the disabling “Error 53” occurs because the company wants to prevent Touch ID-related security problems that could be introduced by unauthorized repairs. Reports about the iPhone-killing Error 53 have circulated at least since the spring, when The Daily Dot’s Mike […]
UAE. Cyber breaches and insider threats are the fastest-growing risks and are driving investment in Forensic Data Analytics (FDA) according to MENA executives. This is according to EY’s 2016 Global Forensic Data Analytics Survey, Shifting into high gear: mitigating risks and demonstrating returns. The threats and breaches include malicious insiders stealing, manipulating or destroying data. Sixty-nine percent say that they need to do more to improve their […]
UAE. The start of 2016 signalled another loss of growth momentum at UAE non-oil private sector firms, with business conditions improving at the weakest rate since March 2012. Underpinning the slowdown was a relatively subdued rise in new work, which was linked in turn to a near-stagnation in new export business. Growth rates for output and employment also eased, though stocks of pre-production items increased more quickly. […]
Israeli investigators on Wednesday near the body of a Palestinian who was killed after he and two others attacked border police officers in East Jerusalem. By ISABEL KERSHNER February 3, 2016 JERUSALEM — Three Palestinian men armed with automatic rifles, knives and pipe bombs attacked Israeli border police officers in East Jerusalem on Wednesday, killing one officer and wounding another. The three assailants were fatally shot by officers at […]
By SHUAIB ALMOSAWA and KAREEM FAHIM February 3, 2016 SANA, Yemen — An airstrike by a military coalition led by Saudi Arabia hit a cement factory north of Sana, Yemen’s capital, on Wednesday evening, killing at least 15 people, including civilian workers in nearby businesses, according to local security and medical officials. The bombing of the factory, in Amran Province, came days after Saudi officials pledged to form a high-level committee […]
|By Matein Khalid| “One country, two systems”. This was the historic formula under which Margaret Thatcher agreed to hand over the British Crown Colony of Hong Kong to the People’s Republic of China, then ruled by Paramount Leader Deng Xiao Ping. The Hong Kong dollar’s spike to 7.81, on the high end of its 7.75 – 7.85 band, demonstrates the sheer scale of the speculative attack against […]
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year. Analysts are projecting prices will climb more than $15 by the end of 2016. New York crude will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, the median of […]
Reuters/ DEBORAH M. TODD AND ANYA GEORGE THARAKAN/Alphabet Inc easily beat Wall Street’s quarterly profit forecasts on Monday, helped by strong mobile advertising sales, sending the shares of Google’s parent higher in after-hours trading to surpass Apple Inc as the most valuable U.S. company. For the first time, the company disclosed the profitability of Google’s search engine and its other online services, and how much it is […]
U.S. Republican presidential candidate Donald Trump waits to speak at a campaign town hall in Davenport, Iowa January 30, 2016. Reuters/Rick Wilking NEW YORK The millions of Twitter users following Donald Trump shouldn’t expect a “follow back” from the Republican presidential front-runner anytime soon. Trump’s campaign account @realDonaldTrump has nearly 6 million Twitter followers, the most of any candidate running for president. But he is picky about […]
Yahoo Makes Over Mobile App, Home Page in the U.S. Google long ago overshadowed Yahoo, but the company is still working to acquire and retain new users to its network of sites. To that end, Yahoo has just updated its mobile app and home page in the United States. Simply stated, Yahoo is giving prominence to news, content and video on its home page. Viewers will see […]
INDIA IN SWEET SPOT TO BALANCE THE ACT
By K R Sudhaman
India is in a sweet spot as global economy is not looking good in the face of market turmoil in China. A global recession triggered by poor showing of European economy had hit badly the export led growth model of China, whose economy grew by 6.9 per cent in 2015, the slowest in two decades. Following this slowdown, high commodity prices had started correcting exerting more pressure on China down turn. The massive over investment in China in steel, cement, shipbuilding, petrochemicals, real estate and other infrastructure sectors began to burst. This volatility in equity and commodity markets did not augur well for the global and Chinese economies. Global economy may not be in a crisis as in 2008 during the financial meltdown but it is certainly not out of the woods and outlook for global economy is certainly bearish in 2016.
MADHYA PRADESH EXPLORES AVENUES
From L.S. Herdenia
BHOPAL: Psychiatrists can play a major and decisive role in checking suicides by farmers. This claim was made at the conference of Psychiatrists held in Bhopal. It was suggested that governments should seek the help of Psychiatrists and use a holistic multipronged approach to prevent farmers from taking such an extreme step.
The four-day conference of Indian Psychiatric society discussed various issues relating to mental problems of the people, the lack of doctors, social stigma attached to mental disease, absence of research and effect of internet over use and mobile in triggering mental problems. Shortcomings in the Mental Care Bill pending in the Rajya Sabha was yet another item which was discussed at the conference.
The World Psychiatric Association’s first-ever Indian-origin president
A 3D plastic cut-out of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. Reuters/Dado Ruvic Facebook Inc (FB.O) smashed investors’ expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world’s biggest online social network bucked the trend of underwhelming […]
SAN FRANCISCO/MUMBAI As China sales show signs of cooling, Apple Inc(AAPL.O) is touting India’s appetite for iPhones, betting that rising wages and an expanding middle class will pull consumers away from the cheap alternatives that currently dominate the market. In an earnings call in which the company reported meagre iPhone growth and forecast its first revenue drop in 13 years, the Indian market stood out as a […]
ENERGY-HUNGRY BANGLADESH SAW DECADES-LONG WAIT
By Ashis Biswas
KOLKATA: Diplomacy may have won the day for Russia more than financial/technological reasons, in bagging the order to build two nuclear power generating stations in Bangladesh by 2022-23.
This would enable Bangladesh to become the third country in South Asia to generate nuke power, after India and Pakistan. However, Sri Lanka could join the list soon according to present indications.
A proposal to build nuclear power plants in East Pakistan had been put forward as early as 1961 and approved in 1963, according to open source information. Therefore, neither Awami League (AL) leader Sheikh Hasina, nor Bangladesh Nationalist Party (BNP) leader Khaleda Zia, can be rightfully accused of harbouring illusions of grandeur in going nuclear. Bangladesh has pledged to observe non-proliferati
