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High Court orders scrutiny of Thachankary hospitalisation // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // Nvidia appoints Colette Kress interim chief after Huang departure // Wizz Air half-year earnings sink as fuel costs surge // Ladakh Ban On Protests Ahead Of Election Is Uniquely Contentious // Modi ally flags youth opportunities gap despite growth // Uforce reaches $6 billion valuation with British backing // Ajman University MBA climbs to joint 13th regionally // LANDMARK Presents ‘Destination CENTRAL’: A District-Wide Celebration Inviting Global Travellers to Explore the Dynamism, Luxury, and Soul of Central // Musk expresses willingness to recruit Nvidia chief Huang // ONYX Hospitality Group Unveils Plans for Amari Samui Resort and Villas, Elevating Its Premium Resort Offering on Koh Samui // Fujairah highway pile-up leaves 14 dead and 30 injured // Crescent Enterprises venture arm funds Oyster Therapeutics development // Turkish Airlines adds Chengdu to mainland China services // MG Motor presents four electrified vehicles at Dubai exhibition // Electric and hybrid interest rises at Sharjah car market // Ration dealers seek GPS aided grain deliveries // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // Microsoft outage leaves Outlook and Teams users disconnected //

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Russian President Vladmir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel’s first deal with non-OPEC Russia in 15 years. Interventions ahead of Wednesday’s OPEC meeting came at key moments from Putin, Saudi Deputy Crown Prince Mohammed bin Salman and Iran’s Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani, OPEC and non-OPEC sources said. Putin’s […]

Tax compliance gets easier for companies, but new data highlights post-filing challenges across the world JOHANNESBURG, South Africa, December 1, 2016/  Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC (www.PWC.com ). Released today, the report finds that the Total […]

Apple’s new MacBook Pro lineup adds something unique: a Touch Bar atop the keyboard that I believe is an important evolution of the laptop user experience. The first time I saw and played with the Touch Bar, the macros of yore popped into my mind. MacBook power users all know the value of creating macros to speed up a particular business process we may use […]

Saudi Arabia’s aviation agency was attacked last month by an aggressive computer virus intended to disrupt high-profile government targets, officials and experts said on Thursday. The attack, which experts say emanated from outside the country, used a version of Shamoon, malware used to target the Saudi energy sector four years ago. Similar kinds of data-clearing software were used in 2014 against the Las Vegas Sands and Sony. […]

ABU DHABI // Tickets for British band Coldplay’s New Year’s Eve show in Abu Dhabi have turned up online at inflated prices, just hours after the concert sold out in record time. Fans hoping to see the four-piece play live in the capital are angry touts were able to buy batches of tickets to resell for profit. General admission tickets, at Dh395 for the du Arena gig, […]

Kuwait’s Emir reappointed Prime Minister Sheikh Jaber al-Mubarak al-Sabah on Wednesday, state news agency KUNA said, days after a parliamentary election seen as a rejection of austerity measures brought on by low oil prices. Opposition candidates are estimated to have won around 20 seats out of 50 in the Kuwaiti elections on Saturday that saw most parliament members replaced. The results of Saturday’s vote are likely to […]

Now the hard work begins. The supply agreement agreed by Opec on Wednesday sent oil prices soaring above $50 a barrel but there are many reasons for caution, not least in making sure no one cheats and producers from outside the cartel also contribute. While the deal looks straightforward, it is anything but and the devil is in the detail. The conference documents released on Wednesday evening […]

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The month that stunned investors with Donald Trump’s US election victory was a record-breaker in markets. The prospect of big tax cuts and fiscal spending from the incoming administration has stirred the market’s animal spirits, driving Wall Street into record territory, while bond prices have been hit hard by expectations of higher inflation. Here is how November played out in numbers: 13 — The dollar index — […]

Link to Fitch Ratings’ Report: 2017 Outlook: Middle East and North Africa Sovereigns 01 December 2016 Fitch Ratings-Hong Kong-30 November 2016: Persistent low oil prices will maintain economic pressure on the oil exporters of MENA, which together with limited fiscal reform and political risk, lead to a Negative Outlook for the region in 2017, Fitch Ratings says in a new report. With three of the 12 MENA […]

Gold has suffered its worst month since mid-2013, as the election of Donald Trump, the rising dollar and increased expectations of a US rate rise combined to send prices down 8.1 per cent in November. The fall to $1,173.20 per troy ounce marked the steepest monthly sell-off since June 2013, when the precious metal lost 11 per cent in the wake of the so-called taper tantrum. November’s […]

Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]

By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]

It’s a new world: Donald Trump’s world. As 2017 hits, we’re going to see the US government’s attitude towards a range of technologies change, whether it be about a lighter touch on regulation or a harsher look at companies that import heavily from China. I hate making stock predictions. I’m going to try to stick to what I think you should expect and do, as […]

Expect deep, moody, saturated shades to dominate in 2017 – paint brand Benjamin Moore has named Shadow, a rich shade of amethyst, as its colour of the year. “Allusive and enigmatic, Shadow is a master of ambience. It is a colour that calls to mind a past, yet it can also make a contemporary, colour-confident statement,” says Helen Mullett, international marketing director of Benjamin Moore Paints. “Shadow […]

Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate deal-making and lessen the country’s dependence on oil. The Public Investment Fund is receiving a 100 billion-riyal ($27 billion) transfer from official reserves, according to a statement Wednesday on the SPA official news agency, increasing its existing assets by about 17 percent. The injection will help the fund diversify investments and revenues, it said. The […]

By Michelle Nichols | UNITED NATIONS UNITED NATIONS The U.N. Security Council imposed new sanctions on North Korea on Wednesday aimed at cutting the Asian country’s annual export revenue by a quarter in response to Pyongyang’s fifth and largest nuclear test in September. The 15-member council unanimously adopted a resolution to slash North Korea’s biggest export, coal, by about 60 percent with an annual sales cap of […]

THOMSON REUTERS PRODUCTS Solutions for Corporations Eikon FX Trading World-Check One Enhanced Due Diligence Compliance Learning Org ID ONESOURCE Indirect Tax ONESOURCE Transfer Pricing ONESOURCE Global Trade Management […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices shot up more than 12 percent, smashing trading volume records, after producer club OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned prices could recede as other producers stand by to fill the gap. The Organization of the Petroleum Exporting Countries (OPEC)agreed on Wednesday its first oil output reduction since […]

Fitbit is in advanced talks to acquire Pebble, the smartwatch pioneer and darling of crowdfunding site Kickstarter, according to several people close to the negotiations. The deal, which is in its closing stages but has not been completed, would bring intellectual property and new expertise in wearable devices to Fitbit at a time when the fitness-tracker maker is looking to expand its product range. Pebble has raised […]

CAIRO: Sudanese President Omar Bashir, who is wanted by the International Criminal Court for war crimes in Darfur, voiced his support on Tuesday for US President-elect Donald Trump, saying dealing with him will be “much easier.”Trump “focuses on the interests of the American citizen, as opposed to those who talk about democracy, human rights and transparency,” Bashir said in an interview published by Emirati daily Al-Khaleej.“I am […]

Deal will help ease supply glut but comes at a price for some cartel members Source link

By Matthew Mpoke Bigg | ACCRA ACCRA Ghana’s main opposition leader Nana Akufo-Addo skipped the country’s only presidential debate on Wednesday, leaving the stage to President John Mahama and four other opponents a week before the election. Aides to the leader of the New Patriotic Party said he decided to stick to his prior campaign commitments, even though it meant missing the chance to present his message […]

Saudi Arabia’s King Salman underlined the kingdom’s intention to invest heavily in speeding up its diversification away from oil exports with the inauguration on Tuesday of a $35 billion mining and minerals processing complex. Riyadh has tried to reduce the economy’s reliance on oil for decades, but the challenge has become particularly urgent in the past couple of years as low prices have pushed state finances deep […]

The shares of large US energy groups shot up to their highest levels since last July on Wednesday after Opec agreed to the first production cut since the 2008 financial crisis. The S&P 500 energy sector rallied 4.8 per cent in its biggest gain in 15 months. The rise came after the cartel struck a long-awaited pact aimed at reducing the glut of supply on global markets […]

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Just in:
Nvidia appoints Colette Kress interim chief after Huang departure // LANDMARK Presents ‘Destination CENTRAL’: A District-Wide Celebration Inviting Global Travellers to Explore the Dynamism, Luxury, and Soul of Central // Microsoft outage leaves Outlook and Teams users disconnected // December Is the Last Window for $800,000 U.S. Residency Investment // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // DP World transports million containers through UAE corridors // Turkish Airlines adds Chengdu to mainland China services // Musk expresses willingness to recruit Nvidia chief Huang // ONYX Hospitality Group Unveils Plans for Amari Samui Resort and Villas, Elevating Its Premium Resort Offering on Koh Samui // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA // U.S. Democratic Leadership Starts Dialogue With Progressive Bloc For Joint Strategy // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // Forged court directives trigger probe into website blocking // Uforce reaches $6 billion valuation with British backing // Ladakh Ban On Protests Ahead Of Election Is Uniquely Contentious // Ration dealers seek GPS aided grain deliveries // Electric and hybrid interest rises at Sharjah car market // Valarmathi restarts fast as teachers defy police // UAE crews sustain coastal oil removal as beaches reopen // Fujairah highway pile-up leaves 14 dead and 30 injured //