Over the past few years the UAE has seen a boom in start-ups and online businesses. The influx of female entrepreneurs heading start-ups have systemically changed office culture, making it accessible for all genders, and giving a stronger voice to women in general. In fact, the UAE is considered one of the best markets for business women. Back in 2017 the UAE pledged $50 million to the […]
Arabian Post Staff The spread of coronavirus continues to deepen the severity of the blow to global fuels demand. Energy consultancy Rystad Energy now expects more than half of global oil demand growth to be lost in 2020. As global stocks increase by the day, the ongoing OPEC+ meeting is unlikely to result in cuts sufficient enough to balance the market, under all of our scenarios. The […]
By Matein Khalid The US dollar is the traditional safe haven currency during times of geopolitical or financial stress even when the cause of a risk aversion spasm is ultimately American, such as the failure of Lehman Brothers in 2008, Obama’s epic budget battles with the Republicans in 2011 and the Trump White House’s drone hit on Iran’s most revered Revolutionary Guard commander on 3 January 2020. […]
By Matein Khalid Thankfully, I was not in the global markets during the Black Death, the Great Plague and the Spanish flu pandemic but coronavirus cases have now crossed 40,000 infections and this is way beyond a local Wuhan outbreak. Despite the blowout 225,000 US January non-farm payrolls growth data, I am alarmed by the global recession SOS in the capital markets metrics I track. One, the […]
By Matein Khalid My tactical idea last week to recommend buying sterling against the US dollar (cable) at 1.30 for a 1.34 target is 200 pips in the money now that the Bank of England kept the policy rate unchanged at 0.75% despite Governor Carney’s smoke signals. Sterling closed at 1.32 on Friday evening and will be well bid next week – hopefully. I expect Governor Bailey […]
By Arabian Post Staff Already struggling to grapple with a crisis of unprecedented proportions, the coronavirus outbreak is the last thing that Dubai and the UAE would have liked to see happen. Moody’s noted in one of its latest reports that the timing of the outbreak is particularly bad for the hospitality industry because it is has unfolded as the Lunar New Year gets underway. The holiday […]
(Source: https://pixabay.com/illustrations/diabetes-disease-diabetic-health-2058045/) Type 2 diabetes is the most prevalent type of diabetes around the world. This happens when your blood sugar levels rise due to problems with the production or use of insulin. Diabetes type 2 can happen to people of all ages; however, it mostly occurs to people above 45 years. Although diabetes is incurable, it is not a life sentence. According to the International Diabetes […]
By Matein Khalid I had recommended buying the Tadawul ETF iShares MSCI Saudi Arabia (symbol KSA on NYSE) on November 30 to benefit from the post-IPO surge in the price of the Saudi Aramco IPO shares on the Tadawul. This tactical trade was a beauty even before Saudi Aramco shares soared 20% on its Thursday December 12 to peak at 38.7 Saudi riyals (SAR). As I expected, […]
Mirabaud, the banking and finance group founded in Geneva in 1819, in partnership with SBK Holding, has officially opened its Abu Dhabi office operations. The newly opened subsidiary, Mirabaud (Abu Dhabi) Ltd, will offer domestic and international wealth management advisory, business development, succession planning support as well as other investment services to its clientele in Abu Dhabi and wider UAE focusing on local families, their networks, and […]
Beirut, Lebanon (CNN)-Lebanon is on the verge of economic collapse unless an “immediate solution” can be found to end days of nationwide protests that have paralyzed the country, Central Bank Governor Riad Salame told CNN in an exclusive interview Monday. Lebanon’s banks have been closed since the demonstrations, sparked by a series of proposed austerity measures including a tax on WhatsApp calls, began nearly two weeks ago. “It’s a […]
Many people are embracing cryotherapy as a holistic treatment for muscle recovery. This treatment was popularized by many athletes and celebrities who credited cryotherapy for more than just muscle recovery. Cryotherapy helps in muscle regeneration, rejuvenates your skin, and boosting your immune system. As cryotherapy continues to flourish throughout the world, Dubai has not been left behind. Many folks are reaping the benefits of visiting the cryotherapy […]
Most companies invest in training their employees to equip them with the relevant skill to perform specific jobs. Training enhances a workers’ performance and prepares him for future jobs and promotions. After training, employees can meet various challenges faced in the workplace. The leading companies in the UAE take their new entrants through relevant training to enable them to perform their jobs as expected. Employees who go […]
Whilst the forex market is renowned for its liquidity and volatility, it’s fair to say that some currencies offer a far greater degree of stability than others. Take the U.S. Dollar (USD), for example, which features as part of 84% of all currency trades and accounts for an estimated 38% of the world’s debt. The USD has also performed well of late, having strengthened to a 12-year […]
Hassan Ali Mansoor Although the world is faced with geo-political and geo-strategic challenges that are destabilizing markets and economies across the globe, to its credit, the U.A.E. banking sector continues its march towards growth. One of the essential hedges or stabilizing pivots for the banking sector besides the across the sector positive reforms carried out by the UAE Central Bank are sukuks which are Islamic bonds. Put […]
Many people think that poker is a very complicated game, but it is not true at all. There are many misconceptions that say that poker is the only game for pro players. But every game is tough when you don’t know about the game. Thus these misconceptions are wrong about the gameplay of poker. Moreover, it is a very easy game once you start to learn how […]
By Hassan Ali Mansoor A noticeable trend around the world these days are media reports that paint a gloomy picture of the global economy. A particular focus of economists has been global banks and financial institutions. These reports claim that some banks have invested in risky portfolios that expose their customers to unnecessary risks. The precarious financial condition of Deutsche Bank, Germany, is quoted as an example […]
By Matein Khalid So Boris Johnson was elected the leader of the Conservative Party by 66% of the Tory membership and thus he, not Jeremy Hunt, will go to Buck House to present his credentials to Her Majesty the Queen. This increases the risk of both no deal Brexit and a potential Tory vote of no confidence in parliament, led by Mrs. May’s Chancellor of the Exchequer […]
By Matein Khalid George Soros once observed “the big money in emerging markets is made when things go from Godawful to just plain awful”. So true. The point of maximum pessimism in an emerging market is often an opportune moment to accumulate its shares, ideally after a political, economic or financial systemic shock. I sold my entire Pakistan equities portfolio in summer of 2017 after the Supreme […]
By Matein Khalid The S&P 500 index trades at 2990 as I write. The risk-reward calculus on the broad index no longer flashes a buy signal to me. The economic data around the world has deteriorated at an accelerating pace, as the decline in global PMI’s, 9% fall in German factory orders and $13 trillion in in government debt trading at negative interest rates attest. Commodities prices […]
By Arabian Post Staff The Dubai Gold & Commodities Exchange (DGCX) and the Multi Derivatives Exchange Nepal (MDX), a proposed derivatives exchange in Nepal that has applied for a regulatory license from SEBON to operate a commodities and derivatives exchange, today announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate and share knowledge on areas of mutual benefit surrounding commodity trading. DGCX and MDX will […]
Arabian Post Staff A UAE bid to become a globally recognized internet security watchdog, empowered to certify the safety of websites for Firefox users, has failed with the browser maker Mozilla rejecting the country’s bid. Websites seeking designation as safe by internet browsers have to be certified by an outside organization, which will confirm their identity and vouch for their security. Mozilla said it made the decision […]
By Matein Khalid Goldman Sachs shares traded at 190 when I wrote this article, way below its 52 week high at 245 making it a Cinderella in global investment banking at only 8.5 times forward earnings. It is obvious that Goldman’s involvement in the $7 billion 1MDB sovereign wealth heist in Malaysia has led to global outrage, demands for a $6 billion in punitive fine by Prime […]
BY Aaditya Tangri We’ve all heard the dire warnings of our impending dystopian future. According to research by Deloitte, an estimated 35% of UK jobs are at high risk of automation in the next 10 to 20 years, whilst in the past 15 years technology has already contributed to the loss of over 800,000 jobs. Market research company Forrester predicts that 6% of US jobs will be […]
(Source: https://pixabay.com/photos/brushing-teeth-tooth-health-dentist-787630/) Most people tend to forget about their oral hygiene when fasting because they think that nothing can affect their dental health during the fast. However, taking care of your teeth during Ramadan will help to avoid bad breath and dry mouth. When it comes to dental hygiene, UAE residents are urged to prioritize this because as saliva decreases Sulphur concentration increases. This can cause halitosis, […]
