U.S. stocks reversed course to trade slightly higher in late morning trading on Monday, helped by a rise in technology stocks including Apple. Apple (AAPL.O) rose nearly 1 percent, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker’s stock could rise another 10 percent in six months, Barron’s wrote in an article posted Saturday. The U.S. stock […]
The captions may be brief but the portraits are both striking and revelatory. One photograph is that of an imam in Lanzhou, Gansu province, known for his laughter. Another is that of an imam from Quanzhou, Fujian province, whose child has surpassed his father’s warrior-like skills, embodying the wisdom of the dragon while striking a pose like a tiger. They form part of a new exhibition at […]
FX traders had a slightly delayed reaction to news that UK PM Theresa May will trigger Article 50 next Wednesday but Cable is now sliding on the headlines. However, with speculative positioning already at record lows, many are asking “why would a long-term trader sell the pound now?” As Bloomberg’s Mark Cudmore notes, it’s a question worth asking, because it seems that the vast majority of potential […]
The US corporate profit outlook has dimmed in recent weeks, with analysts paring back their forecasts, in a fresh sign of the risks facing the Wall Street rally that has powered equities to record peaks. Earnings for companies listed on the S&P 500 index, the main US stock barometer, are predicted to rise 9 per cent in the first quarter, FactSet data show. While the rate marks […]
20 March 2017 Doha, Qatar – After reaching the mark of two million users per month to become the largest flight metasearch engine in Brazil, Travel Capitalist Ventures announces a substantive investment in Voopter. The “Series B” comes from Travel Capitalist Ventures (Qatar office), a travel focused investment firm providing capital, hands-on advice and resources, as well as a co-investment with No Borders Investments Limited (Doha). The […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Ride services company Uber Technologies Inc [UBER.UL] has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image. Jones quit less than seven months after joining the San Francisco company, an Uber spokesman said on Sunday. In a statement to Reuters, Jones said he could […]
March 20, 2017 by: Aliya Ram in New Delhi and Simon Mundy in Pune Vodafone, the UK-based mobile phone operator, has struck a deal to merge its Indian operations with local rival Idea Cellular to create one of the world’s largest telecoms groups, with a combined implied enterprise value of more than $23bn. The two companies on Monday confirmed the deal, which is the second merger in the […]
Monday 06:10 GMT Overview The US dollar continued its slide in the wake of last week’s widely expected decision by the Federal Reserve to raise interest rates, while Asian stocks were mixed. European bourses are expected to open with a soft bias, with spreadbetters predicting the UK’s FTSE 100 will be unchanged but Germany’s Dax to drop 30 points to 12,065. US index futures suggest the S&P […]
20 March 2017 Doha, Qatar – Al Meera Consumer Goods Company (Q.S.C) held its Annual Ordinary General Assembly on Sunday, 19 March 2017 at the La Cigale Hotel Doha, in the presence of Sheikh Thani Bin Thamer Bin Mohamed Al Thani, Chairman of the Board of Directors, as well as members of the Board of Directors, shareholders and investors. All items on the agenda were discussed, such […]
Mansour Bin Jabr’s idea of a hard life may not resonate with everyone. “The cars, the jets, they don’t make me happy. I’m a hippie in a way. I love islands, beaches,” says the 30-year-old chief operating officer of Bin Jabr Group, having just returned from a business trip in the Maldives. “I see myself retired in the Bahamas in a resort I own with my toys. […]
By Anthony Boadle | BRASILIA BRASILIA President Michel Temer, confronting a corruption scandal tarnishing Brazil’s lucrative meat industry, met on Sunday with executives and foreign diplomats to assuage health concerns tarnishing a sector responsible for $12 billion in annual exports. The hastily called meetings, following raids by police on Friday investigating whether companies paid bribes to conceal unsanitary conditions at meatpackers, come as Temer works to protect […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks were mixed on Monday in thin trade, following Wall Street’s declines and the G20’s decision to drop a pledge to avoid trade protectionism, while the Federal Reserve’s less hawkish-than-expected comments continued to drag the dollar lower. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent. Chinese shares .SSEC added 0.2 percent, while Hong Kong’s Hang Seng […]
IPOH, March 20 — Pulau Sembilan, a cluster of nine islands off Perak, has been declared off-limits because of public apathy and environment degradation. Tourism and culture committee chairman Datuk Nolee Ashilin Mohd Radzi told Malay Mail the state government decided to impose the ban on tourists flocking to the islands as overcrowding had brought negative effects to environment sustainability. “Pulau Sembilan will be officially closed for […]
From smartphones, smartwatches, and smart home devices, these gadgets assist in daily activities from the mundane to the truly incredible feats. Smartwatches, however, are starting to be the norm as one of the most popular wearable devices today, each with its unique capabilities that set it apart from the competition. While more well-known brands boast advanced OS, and others sleek designs, one smartwatch in particular boasts its capability of […]
Microsoft’s Surface Book wowed many with its sleek and unique design. However, it may have found its competition in the ultra-stylish laptop department with Porsche Design’s 2-in-1 Book One laptop. Unveiled at the Mobile World Congress last February, Porsche Design’s Windows-powered laptop grabbed many people’s attention with its ultra-stylish design that’s reminiscent of the Surface Book. It does, however, have its own unique style that may just […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
It has been almost five years to the day since Mahmood Hashim Al Kooheji took over as head of Bahrain’s sovereign wealth fund, Mumtalakat, restructuring several investment interests and making other changes to whip the fund into shape after years of losses. It followed a term at Gulf Air in which he managed the national carrier’s controversial restructure that saw 15 percent of its staff, around 600 […]
UAE-based Aster DM Healthcare is in discussions with its banks to change some terms of a syndicated loan to counter difficult business conditions, including delays to payments it is owed, sources familiar with the matter said. The company, which operates hospitals, clinics and pharmacies in the Gulf and India, raised a multi-tranche syndicated loan equivalent to about AED600 million ($163 million) in March last year, Thomson Reuters […]
Tech Times reported on March 11 that Tesla co-Founder and Chief Executive Officer Elon Musk backed up Lyndon Rive’s bold claim at the Powerwall 2 launch at Newport, near Melbourne, that the company can solve South Australia’s energy storage problems in 100 days with its new battery. Rive, Tesla’s Vice President for Energy Products, cited the company’s experience in building a power plant in South California in 90 […]
Employer-funded healthcare in the US is an accidental system. It came into being during the second world war, when wage freezes and 1.9 per cent unemployment forced the government to allow companies to offer fringe benefits like healthcare in an attempt to attract workers. In 1943, the Internal Revenue Service ruled that employer-based healthcare should be tax free — and we were off to the races. The […]
UAE-based Al-Futtaim is seeking to open new stores in Egypt while stepping into Oman, according to a senior company executive. “We are currently working on expansion in Muscat, Oman, and are still studying the possibility of opening more stores in Egypt and some other countries,” John Kersten, managing director, Ikea, told Arabian Business. At present, Al-Futtaim holds franchise rights for the UAE, Qatar, Egypt and Oman. In […]
Patches, appliqués and pins are aplenty in the current fashion market, used often to decorate jeans and denim jackets. A circular pink iron-on patch scripted with “Habibi” in a font reminiscent of the Barbie logo, however, is something you don’t see every day. Newly launched Dubai-based apparel and accessories brand La Come Di is disrupting the market with fresh new ideas that give a tongue-in-cheek, cultural spin […]
Here are the big questions for markets and investors as a new trading week beckons. Does a measured Fed risk being left behind by inflation?After a barrage of central bank meetings, Brexit angst and the first major European election for the year, market volatility across bonds and equities remains quiescent. Having been primed for a more aggressive Federal Reserve and wary of polls being wrong ahead of […]
There are more than 100 places to get steak in the UAE and more steakhouses are opening all the time, which is testament to the fact that beef is one of the world’s most popular dishes. If there’s one thing the UAE likes to eat it’s beef, and the country’s connoisseurs have long enjoyed a love affair with one particular type – Wagyu. This intensely marbled beef […]
