ABU DHABI // Clad in black cycling gear and, of course, a helmet, Sheikh Nahyan bin Zayed, chairman of Abu Dhabi Sports Council (ADSC), joined hundreds of cyclists at TrainYas on Tuesday. Sheikh Nahyan, accompanied by a group of officials and British cycling champion Mark Cavendish, attended the free weekly event to promote the capital’s inaugural cycling event, the Abu Dhabi Tour. On his lap of Yas […]
|By Matein Khalid| 2015 has been a horror story for emerging markets and Asian shares have not escaped the fallout from the 40% plunge in Shanghai/Shenzhen since June. Yet financial markets discount the future while UAE investors invariably extrapolate the recent past. So even while I resurrect the ghosts of 1998 when Suharto’s regime fell amid anti-Chinese riots in Jakarta, South Korea was forced to accept a […]
|By TAP Staff| The downward trend in Dubai’s residential market continued in the third quarter with sale prices falling further and rents registering marginal declines, real estate consultancy JLL said in its report for the third quarter. While the general REIDIN sales index dropped 10% Y-o-Y in August, the rental index points to a 1% decline in rental values. This comes as tighter government regulations, higher inflation […]
ABU DHABI // Motorists are warned of a series of road closures over the next few days for the inaugural Abu Dhabi Tour cycling race. The event, which runs from Thursday until Sunday, will feature 108 competitors over a four-stage, 555-kilometre course around the emirate. Motorists are advised to avoid roads the race will pass through and to seek alternative routes. › Check out a map of […]
SAUDI ARABIA. JLL, the world’s leading real estate investment and advisory firm, today released its third quarter (Q3 2015) Riyadh and Jeddah Real Estate Market Overview reports that asses the latest trends in the office, residential, retail and hotel sectors. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “The Riyadh real estate market has maintained a steady performance this quarter. The office sector […]
Angee is an autonomous home security & communication system that gives you a full 360° view of your home with voice recognition, at-the-door identification, motion-detecting rotation, advanced learning, cordless portability, and a number of additional features, all with no subscription fees. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ […]
Roland is bringing back the sounds of the 80s with their new collection of retro miniature synthesizers based on their most popular models from the era: the Jupiter 08 from 1981, the JX-3P from 1983, and the Juno-106 from 1984. They dock with Roland’s mini keyboard or plug into any external keyboard, powered by batteries for portability or via USB. This entry passed through the Full-Text RSS […]
Boxes move on a conveyor belt at a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013. Reuters/Rick Wilking/Files ATLANTA Wal-Mart Stores’ expanding network of large distribution centers will allow it to deliver packages throughout the United States in two days, setting it up to compete more efficiently in online holiday sales, a senior executive said on Thursday. Competition with online rivals including Amazon.com, […]
UAE. Banks in the Gulf Cooperation Council (GCC) reported a good set of earnings in the first half of 2015 thanks in part to declining credit losses–and despite the continued squeeze on interest margins. But, owing to the knock-on effects of lower oil prices on growth and asset quality, earnings could weaken over the next several quarters. That’s according to Standard & Poor’s Ratings Services’ report, “Gulf […]
UAE. A recent report surveying 150 financial advisors in the UAE – part of a larger Natixis global study of 2,400 advisers in 14 countries across the globe – has revealed that investors making emotional investment decisions in turbulent markets is the top mistake advisors see among individual investors. Advisers are concerned that individual investors tend to be too focused on short-term market events, leading them to […]
The Australian-made Patriot TH610 is a combination camper & toy hauler. The dual axle trailer will carry a side-by-side UTV, two ATVs, two jet-skis or five dirt bikes as well as offering a fully-kitted kitchen and a box-top camper with a King-size sleeper. Built for off-road action it also features LED lighting, a sound system, 30+ gallon water tank, & air bag suspension for push-button leveling. This […]
Jack Dorsey, interim CEO of Twitter and CEO of Square, goes for a walk on the first day of the annual Allen and Co. media conference in Sun Valley, Idaho July 8, 2015. Reuters/Mike Blake SAN FRANCISCO Twitter Inc (TWTR.N) co-founder and interim Chief Executive Jack Dorsey is expected to be named permanent CEO as early as Thursday, while keeping his job as the head of online […]
The Syrian civil war, now in its fifth year, involves multiple countries with overlapping and at times conflicting agendas. Competing visions of how to manage the conflict, which has led to a major global refugee crisis as well as the rise of the Islamic State, dominated discussions at the United Nations General Assembly this week. But despite days of meetings and diplomatic maneuvering, the crisis has only […]
UAE The next six months may prove a pivotal turning point in the recovery of global commodities markets according to Ole Sloth Hansen, Head of Commodity Strategy at Saxo Bank, the online trading and multi-asset investment specialist. Following nine months of geo-political incidents in Europe and the Middle East, and widespread uncertainty catalysed by major economic crises in Greece, Russia and China, Hansen is optimistic the next […]
|By Matein Khalid| Even as China’s President meets the capo di tutti capi in Seattle, its manufacturing PMI falls to 47, a post Lehman low, with new export orders in a slump. I found it significant that the offshore yuan fell 200 pips to 6.4346 after the PMI. This proves my core argument, outlined a month ago. The Middle Kingdom will respond to its economic decline and […]
Google Inc (GOOGL.O) unveiled its new Nexus phones on Tuesday in its latest attempt to take a bite out of Apple’s dominant share of the smartphone market. The launch of the phones, the Nexus 6P and the Nexus 5X, comes a day after Apple Inc (AAPL.O) reported record first-weekend sales of its new iPhones. The Nexus 5X 16 GB model will be priced at $379, while the […]
A collapsible bucket can be used for lots of things. First thought: fill it with ice & beers. Or maybe bail out the sinking canoe, wash-up after the hike; you’ll think of something. This very packable silicone bucket holds 2 gallons and folds down to less than 2-inches tall and has a stainless steel handle. This entry passed through the Full-Text RSS service – if this is […]
The world’s first purpose-built centre for paediatric research on rare diseases was named after the founding father of the UAE, Sheikh Zayed, on Monday. The Zayed Centre for Research into Rare Disease in Children was facilitated by a gift of £60 million (Dh335 million) by Sheikha Fatima bint Mubarak, the wife of the late Sheikh Zayed who is also Chairwoman of the General Women’s Union, Supreme Chairwoman […]
Saudi Arabia has withdrawn as much as $70 billion from global asset managers as OPEC’s largest oil producer seeks to plug its budget deficit, according to financial services market intelligence company Insight Discovery. “Fund managers we’ve spoken to estimate SAMA has pulled out between $50 billion to $70 billion from global asset managers over the past six months,” Nigel Sillitoe, chief executive officer of the Dubai-based firm, […]
SHARJAH // Young and old turned out in their hundreds to cast their ballots in Sharjah. Walking with the aid of a cane and his son, Abdullah Suhail, 85, was voting for the first time. “Our family have chosen to support a candidate and I came here to do so,” he said. From near the border with Oman, Heira Al Katbi and her daughter Fatima came to […]
Janet Yellen may have unwittingly helped the Indian dollar-loan market rebound from a three-year low. Less than a week after the Federal Reserve Chair delayed raising U.S. interest rates, billionaire Mukesh Ambani’s Reliance Industries Ltd. hired 16 banks for a $1.5 billion loan and Rural Electrification Corp. also approached lenders. That takes the pipeline of local dollar-denominated loans planned, mandated or in syndication to more than $5 […]
SHARJAH // A lack of jobs is leading some Khor Fakkan residents to call for more Emiratisation, while others are concerned about health insurance and retirement allowances. Many who have graduated from universities cannot find a job and are calling for prospective Federal National Council (FNC) members to intervene. Jamila Rashed, 26, graduated in 2010 and was still looking for employment. “I applied to the public and […]
UNITED NATIONS — Mark Zuckerberg, chief executive of Facebook, promoted access to the Internet as “an enabler of human rights” and a “force for peace” on Saturday, as he announced that his company would help the United Nations bring Internet connections to refugee camps. “It’s not all altruism,” Mr. Zuckerberg said later, in an implicit acknowledgment that drawing new users to his service is also good for […]
For some, fall is sweater season. For the more evolved among us, cool autumn weather makes this the time for serious sandwiches. Chicken, apples, & brie make great combo in a salad but imagine it all melted between two slabs of your favorite bread. Add a dark beer and uh, see you after your nap. This entry passed through the Full-Text RSS service – if this is […]
