Photo Members from the Free Syrian Army take part in a battle in northern Syria last month against Islamic State fighters. Credit Nazeer Al-Khatib/Agence France-Presse — Getty Images BEIRUT, Lebanon — The hours are ticking down to what the Syrian government and its main ally, Russia, say could be the most devastating aerial assault yet on besieged rebel-held districts in the Syrian city of Aleppo. The Obama […]
Dubai, UAE – November 14, 2016 Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, today announced the successful closing of US.$145 million fund raising for “Apttus”, a Silicon valley based company delivering Enterprise Class, Software-as-a-Service (Saas) Solutions to complete the Quote-to-Cash customer process and the Procure-to-Pay supplier process. This is the fourth company out of Silicon Valley for which GII has raised funds […]
By Shinichi Saoshiro | TOKYO TOKYO The dollar rose to a nine-month high against a basket of major peers early on Monday, as a risk-on mood in global markets triggered by Donald Trump’s election to president remained firmly intact. The dollar index .DXY was up 0.4 percent at 99.428 after touching 99.445, its highest since Feb. 1. The greenback has strengthened as expectations that Trump’s administration would […]
RIYADH: Foreign ministers from the six-nation Gulf Cooperation Council (GCC) will this week hold a meeting to draw up the agenda for a summit to be attended by the heads of GCC countries early next month in Bahrain. Collective security, military affairs, regional conflicts and common market as well as falling oil prices will make the agenda of the ministerial meeting.This GCC ministerial meeting, the first after […]
Monday 02.10 GMT. The post-US election rally appears to have subsided, with Asian equities benchmarks having a mixed morning with the exception of Japan, which has been propped up by a weaker yen. Wall Street finished a strong week on a mixed note on Friday, as the S&P 500 slipped but the Dow Jones Industrial Average closed at a record high. The action on Monday is in […]
By Chris Prentice | NEW YORK NEW YORK Facebook Inc chief executive Mark Zuckerberg again rejected the idea that the social network affected the U.S. presidential election, saying late Saturday it is “extremely unlikely” news hoaxes changed the outcome. Ensnared in a string of content controversies in recent months, Facebook has insisted that it is a technology company, not a media firm. But scrutiny of the site […]
SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]
Financial professionals arriving at their desks on Monday morning will have no shortage of views to digest on what the shock election of Donald Trump means for global markets. Having had a few days to consider the implications, economists, market strategists and analysts have penned thousands of words for clients in recent days that attempt to set out what the future holds. As Jan Loeys and his […]
The Economic Wreckage The destruction in Yemen could cripple its economy long into the future, and it is unclear how the country will rebuild. Continue reading the main story “They have hit many factories on the basis of suspicion, but we never get the real reasons,” said Abdul-Hakeem Al Manj, a lawyer at the Sana Chamber of Commerce and Industry who is helping businesses document the strikes […]
The discussion underlined the effects that emerging technologies are having on the way the world consumes news, as well as on media’s reach and influence Dubai, November 13, 2016 A session titled “The Next Media Revolution” was held on the sidelines of the inaugural Annual Meeting of The Global Future Councils 2016, taking place in Dubai’s Madinat Jumeirah today (Sunday, November 13, 2016). The discussion underlined the […]
Investors are betting on a new era of improved US-Russian relations following Donald Trump’s victory in the US presidential election — anticipating that a possible easing of economic sanctions and a reduced risk of capital flight will make the rouble more robust than other emerging market currencies. At the end of last week, the rouble escaped the worst of a brutal sell-off in emerging market currencies that […]
Sony’s answer to 4K HDR gaming is finally here in the form of the new PlayStation 4 Pro. Regarded as the best option for casual gamers who aren’t ready to commit to a full-fledged PC rig, the PS4 Pro boasts of high-end specs rarely seen on a console. This bad boy features a more powerful 2.1GHz octa-core AMD Jaguar x86-64 CPU compared to the PS4 and an […]
Donald Trump and top allies have shown signs the New York billionaire may moderate some of his biggest campaign promises, while digging his heels in on others. In the wake of Mr Trump’s stunning electoral win last week, both political analysts and financial investors are waiting to see which of the two Donald Trumps will prevail: the bombastic primary candidate, or a pragmatist who viewed his more […]
MILAN The board of Banca Monte dei Paschi di Siena (BMPS.MI) will meet on Monday to set the terms for a bond-to-equity conversion that is part of the lender’s capital boosting plans, a source familiar with the matter said on Sunday. Italy’s third-biggest bank is planning to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion […]
Fear and loathing was the overriding sentiment of fund managers and analysts contemplating the market implications of an unlikely Donald Trump presidency. Instead we have seen hope and excitement as the reality sinks in. What changed? It’s been quite the turnround. The overwhelming finance industry view before Tuesday’s election was that the stock market would tank if Mr Trump triumphed. Going by how equities quivered every time […]
Photo Speaker of the House Paul Ryan showing the president-elect, Donald Trump, and his wife, Melania, the speaker’s balcony at the United States Capitol on Nov. 10. Credit Zach Gibson/Getty Images The president-elect walked onto the stage before a crowd of euphoric supporters. It was his first public sighting since the networks called the election for him. Gone were his hoarse pleadings for support. His face bore […]
Iraqi forces say they have recaptured Nimrud, the site of an ancient Assyrian city seized by jihadi militants when they swept through northern Iraq in 2014. “Troops from the Ninth Armoured Division liberated Nimrud town completely and raised the Iraqi flag above its buildings,” the Iraqi army said in a statement on Sunday. Modern day Nimrud is about 1km west of the remnants of the 3,000-year-old city, […]
By Patrick Rucker and Lisa Lambert | WASHINGTON WASHINGTON U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing […]
Peter Thiel, the billionaire who became Donald Trump’s most prominent backer in Silicon Valley, made a critical distinction last week. He complained that the media tended to take the man literally, but not seriously. Now that Mr Trump is the president-elect of the US, everyone takes him seriously. And hence it becomes vital to work out whether we should take what he has been saying literally. After […]
Photo Members of the Iraqi police tried to pull a body from a mass grave discovered in Hamam al-Alil on Monday. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images GENEVA — Islamic State militants have summarily killed scores of civilians in the Iraqi city of Mosul in recent days, sometimes using children as executioners, and have used chemical agents against Iraqi and Kurdish troops, United Nations officials said […]
Riyadh, Saudi Arabia; November 10, 2016 Consumer confidence in Kingdom of Saudi Arabia (KSA) falls at the optimism baseline as the index decreased by four points from the previous quarter, according to the latest consumer confidence report from Nielsen. The Nielsen Global Survey of Consumer Confidence and Spending Intentions recorded a Consumer Confidence Index of 100 for KSA in Q3 2016, down from 104 in Q2 2016. […]
Nearly 25 years after they first conquered the White House and captured the commanding heights of the Democratic party, the Clinton family crashed to earth on Wednesday, shattering the ambitions of Hillary Clinton and her clan of fiercely loyal operatives. But as they come to terms with their rout some Democrats see a glimmer of hope, and a badly needed chance to rebuild a party that can […]
Alia Khalifa Al Nabooda strikes a real balance – she’s an entrepreneur and mother-of-four, who puts in the time to be successful at both. Last year, the 32-year-old co-founded VoucherSkout, a 50 per cent discount app for services across the UAE. “We’ve had our struggles, like any start-up business. Things haven’t gone exactly to plan, but now that we’ve launched, we can see the fruits of our […]
By William Schomberg | LONDON LONDON Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade […]
