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Lebanon outlook revised to negative on weakening economic prospects; 'B-/B' ratings affirmed

LEBANON. On Sept. 11, 2015, Standard & Poor’s Ratings Services revised its outlook on the Republic of Lebanon to negative from stable. At the same time, we affirmed our ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings. RATIONALE The outlook revision stems from our view that political uncertainty in Lebanon and regional tensions will continue to weigh on economic growth in the mediumterm. In […]

Rain on its way for eastern and western UAE

ABU DHABI // Gathering clouds threaten rain over the eastern and western regions at the start of this week, according to the National Centre for Meteorology and Seismology. Scattered rain has been on the radar and started falling sporadically in the mountains and near Al Ain late last week. More of the same is expected this week, said NCMS meteorologist Sufian Farrah. “For three days, the country […]

News Analysis: Nuclear Deal Sealed, Obama Must Now Make It Work, and Mend Fences

Middle East News Analysis By PETER BAKER and JULIE HIRSCHFELD DAVIS September 11, 2015 WASHINGTON — Having beaten back a congressional campaign to derail his nuclear agreement with Iran, President Obama now faces a panoply of challenges that may be just as daunting: making the deal actually work while repairing relations with disaffected allies and constraining Tehran’s regional ambitions. He got started Friday even as the House was still voting by announcing […]

INDIA SHOULD TAKE ADVANTAGE OF SCO MEMBERSHIP

BIG SCOPE FOR COLLABORATION IN OIL RESOURCES   By Nitya Chakraborty   The next summit of Shanghai Cooperation Organisation (SCO) is scheduled…

Senate Democrats Clear Way for Iran Nuclear Deal

President Obama at a meeting to discuss the Iran nuclear accord at the White House on Thursday. By JENNIFER STEINHAUER September 10, 2015 WASHINGTON — Senate Democrats delivered a major victory to President Obama on Thursday when they blocked a Republican resolution to reject a six-nation nuclear accord with Iran, ensuring that the landmark deal will take effect without a veto showdown between Congress and the White House. A […]

Obama Directs Administration to Accept 10,000 Syrian Refugees

Middle East Video Josh Earnest, the White House press secretary, said that President Obama wants the United States “to accept at least 10,000 Syrian refugees in the next fiscal year.” By DAVID E. SANGER and GARDINER HARRIS September 10, 2015 WASHINGTON — President Obama, under increasing pressure to demonstrate that the United States is joining European nations in the effort to resettle Syrian refugees, has told his administration to take in at […]

Google Begins Rolling Out Android Pay

In a move to compete against Apple Pay, Google is revamping its mobile payment system. The search engine giant is starting to roll out Android Pay, a “simple and secure” way to pay for goods with your Android mobile operating system-powered phone. In fact, consumers with Android Pay installed on their smartphones can pay for goods at over 1 million locations in the United States. Beyond making […]

New Apple TV

Apple TV has been redesigned for the future of television & Tim Cook explained today that the future is apps. The new system offers Siri-powered voice control, a glass-screen touchpad remote, and an all-new operating system called tvOs that makes it easy for developers to create new, app-based content. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it […]

New iPhone 6S Leads Way at Apple Event, iPad Pro also Debuts

Apple unveiled its iPhone 6S (pictured) and 6S Plus today at its annual new product blowout in San Francisco. The form factors and screen sizes of the two phones (4.7 inches and 5.5 inches, respectively) are the same as previous models, but that’s about where the similarities end. The big news on the iPhone 6S and 6S plus is the new input feature, previously called Force Touch […]

Seadrill: When Is The Next Upcycle Coming?

Top end of the UAE real estate market under pressure as buyers look to the affordable sector

UAE. Asteco, the Middle East’s largest full service real estate company has released its mid-year UAE market report ahead of Cityscape Global, highlighting stability in Dubai with a continued focus towards the affordable segment, in contrast to the high end market which experienced declines of up to 10%.  Affordable apartment units at IMPZ, Discovery Gardens and Dubai Silicon Oasis showed 3%, 6% and 2% sales growth over […]

UAE comes second in global residential property investment ranking

UAE.  A report published today by international real estate advisor Savills has ranked the United States of America (USA), the United Arab Emirates (UAE) and Singapore respectively as the top three countries for residential investability on the basis of economic growth and market recovery. The new Savills World Residential Investability Ranking focuses on countries with cities and resort locations that have consistently attracted investor interest over recent […]

Fed, bank stocks and Wall Street bears

|By Matein Khalid| The Federal Reserve could well raise its overnight borrowing rate at the next FOMC monetary policy conclave on September 17. Though contagion from China’s 40% stock market meltdown has triggered bear markets from Hong Kong to Frankfurt and plunged Asian/emerging markets equities into ta ghastly replay of 1998’s epic meltdown (General Suharto’s overthrow, the Russian rouble default, Malaysia’s capital controls, the run on the […]

A New Wave of Migrants Flees Iraq, Yearning for Europe

BAGHDAD — Having sold his car for $4,600, and then some of his wife’s jewelry, and having loaded his smartphone with photographs of his five children, all that was left for Haider Abdella to do was say goodbye. “From yesterday to today, we are crying,” he said. His mother sat next to him on the couch, sobbing. “He’s never left me before, from when he was a […]

World Briefing: Palestinian National Council Meeting Is Postponed Amid Boycotts

JERUSALEM — A conference of the Palestinian National Council that had been scheduled for next week has been indefinitely postponed amid boycotts by some political factions and debate about the agenda and structure of the meeting. The 700-plus-member council, which has not had a regular session since 1996, was slated to convene in the West Bank city of Ramallah next Monday and Tuesday to consider, among other […]

Op-Ed Contributor: Israel in a Post-Deal World

HAIFA, Israel — THE day after six world powers reached a nuclear agreement with Iran in July, the Israeli Knesset’s foreign affairs and defense committee called on Israel’s government to “continue to closely follow the precise and strict implementation” of the agreement “to ensure that Iran is not continuing to fool the international community as it did in the past, while strengthening the historic alliance between the […]

Oil price seen at $55 next year

With oil stock balances next year looking softer and costs coming down, the commodity will trade at $55 and $61 per barrel during 2016 and 2017, respectively, said the Bank of America (BofA) Merrill Lynch in a report. “Looking at the near-term, however, we still believe oil prices will rebound into year-end on a combination of factors,” said the report titled “Global Energy Weekly: Oil at an […]

Wacom Bamboo Spark

It’s a combination smart folio & smart pen that let’s you draw & write by hand & saves your work on a device or in the cloud, allowing to you to access, archive & edit anywhere. The Bamboo Paper app allows you to share these files for collaboration. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on […]

Automakers, Google take different roads to automated cars

DETROIT From his laboratory at Pittsburgh’s Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar says self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come.     More than 2,500 miles west in Mountain View, California, Chris Urmson, head of Google Inc’s self-driving car program since 2009, has a different view: A fully automated vehicle that requires no input or intervention from humans is […]

Obama Clinches Vote to Secure Iran Nuclear Deal

WASHINGTON — Senator Barbara Mikulski of Maryland on Wednesday came out in support of President Obama’s Iran nuclear accord, the 34th Democrat in favor. Her decision gave Mr. Obama the votes needed to assure the deal will survive a congressional challenge. “Some have suggested we reject this deal and impose unilateral sanctions to force Iran back to the table. But maintaining or stepping up sanctions will only […]

Brazil's president says Uber costs jobs, let cities decide

Brazil’s President Dilma Rousseff gestures during news conference after an event at the Planalto Palace in Brasilia, Brazil September 2, 2015. Reuters/Ueslei Marcelino BRASILIA Brazil’s President Dilma Rousseff criticized ride-sharing software Uber on Wednesday for increasing unemployment, adding to a chorus of labour concerns about the world’s most valuable venture-backed start-up. Rousseff said local authorities must regulate the service, which has led conventional taxi drivers to stage […]

Man United signs deal with HCL in step towards new digital strategy

People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi April 17, 2013. Reuters/Mansi Thapliyal/Files LONDON English Premier League club Manchester United said on Wednesday it had signed a partnership deal with IT firm HCL Technologies to improve its website and app as it gears up to launch a new digital media strategy. The 20-time league winners have struggled […]

Huawei takes aim at Apple, Samsung with Mate S phone

A worker adjusts the logo at the stand of Huawei at the CeBIT trade fair in Hanover March 15, 2015. Reuters/Morris Mac Matzen/Files BERLIN China’s Huawei Technologies unveiled a new smartphone on Wednesday, taking aim at the high end of the market, which is dominated by Apple and Samsung Electronics. The Mate S, launched on the sidelines of Europe’s biggest consumer electronics show, IFA, in Berlin, has […]

Hong Kong, China and the new macro game

|By Matein Khalid| Hong Kong now trades at 9.6 times earnings and 0.86 book value. Hang Seng valuations were gutted by the protest movements in Central and the Shanghai financial meltdown. The Hang Seng index is down 25% since late May and now trades at six times forward earnings, its post Lehman, post 2014 bottom. Hong Kong trades at its lowest price/book value since the Asian flu […]