logo

News related to
risk

UAE. The latest Crédit Agricole Private Banking research report, ‘Macro Comment – MENA Update’, noted that the UAE and Saudi Arabia continues to witness growth despite lower oil prices. The UAE even recorded high levels of job creation during this period.  “Interestingly in the UAE, once again new orders and new export orders components reflected strong growth, while job creation hit a three-month high. This is reflected […]

Non-oil to drive ME economies to 5pc growth DUBAI, 3 days ago Middle Eastern economies are anticipated to witness around five per cent growth this year due to the gradual shift in investment to non-oil sectors, a report said. However, implementing pragmatic macroeconomic policies to stabilise global oil prices at $50 to $60 per barrel is likely to remain a key challenge to revenue growth, added the […]

KUWAIT.  Fitch Ratings has affirmed Kuwait’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘AA’ with a Stable Outlook. The Country Ceiling has been affirmed at ‘AA+’ and the Short-term foreign currency IDR at ‘F1+’. KEY RATING DRIVERS Kuwait’s ratings reflect its exceptionally strong fiscal and external position, balanced against a heavily oil-dependent economy, a degree of geopolitical risk, and weak scores on measures of […]

Humans will be extinct in 100 years because the planet will be uninhabitable, according to Australian microbiologist Frank Fenner, one of the leaders of the effort to eradicate smallpox in the 1970s. He blames overcrowding, denuded resources and climate change. Fenner’s prediction is not a sure bet, but he is correct that there is no way emissions reductions will be enough to save us from our trend […]

WASHINGTON — Iran continued its “terrorist-related” activity last year and also continued to provide broad military support to President Bashar al-Assad of Syria, the State Department said Friday in its annual report on terrorism. The assessment suggests that neither the election of President Hassan Rouhani nor the prospect of a nuclear accord with the United States and its negotiating partners has had a moderating effect on Iran’s […]

|By TAP Staff| The shale industry boom, which was instrumental in oil producers like Gulf countries losing control of the market, is facing the risk of being sunk by the weight of debt. That should bring some reassurance to Gulf countries, who are now struggling to cope with the impact of lower oil prices. According to a Bloomberg report, drillers are devoting more revenue than ever to […]

Advertisements

By MICHAEL R. GORDON and ERIC SCHMITT June 19, 2015 WASHINGTON — Iran continued its “terrorist-related” activity last year and also continued to provide broad military support to President Bashar al-Assad of Syria, the State Department said Friday in its annual report on terrorism. The State Department’s assessment suggests that neither the election of President Hassan Rouhani nor the prospect of a nuclear accord with the United States and its negotiating partners […]

UAE. Dubai and Abu Dhabi have been ranked as the 23rd and 33rd most expensive cities to live in (respectively) according to Mercer’s 2015 Cost of Living Survey. The two cities have experienced a significant jump compared to 2014, with Dubai soaring 44 places from last year’s position at 67 and Abu Dhabi going up 35 places 68th in 2014. Dubai and Abu Dhabi are the most […]

LEBANON. Economena Analytics, a specialized economic information provider, released its Lebanese Economic Outlook (LEO) for the second quarter of 2015. Key forecast findings show heightened levels of pessimism in recent months, with growth forecasts for 2015 falling to 1.5% in the Q2 survey from 2% at the start of the year. The findings are based on the views of 17 leading Lebanese economists.  None of the surveyed […]

UAE.  EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that many businesses still do not have the basic building blocks in place for effective compliance. Only 52% of MENA respondents stated they had an anti-bribery or anti-corruption (ABAC) policy and code of conduct in place. The survey, which polled 3,800 employees of large businesses  […]

INTERNATIONAL.  Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.11 million barrels per day (b/d) in May, up 180,000 b/d from April and the group’s highest monthly volume since October 2012, according to the latest Platts survey of OPEC and oil industry officials and analysts. “OPEC’s communique after the June 5 meeting mentioned that members had been urged to adhere to its production […]

The online file-sharing service Box on Tuesday announced a “deep integration” with Microsoft Office Online that will let users more easily open, edit and save Office documents. Box users will now be able to manage Office files directly from Box and automatically save any changes in real time without having to open other applications installed on their devices. The new integration eliminates the need for users to […]

Ezzo … focus on cyber safety. ICDL honoured for raising cyber safety awareness ABU DHABI, 11 hours, 22 minutes ago ICDL Arabia, the governing body of the ICDL certificate programme in Egypt, GCC and Iraq, has been honoured by UAE’s Ministry of Interior (Child Protection Center) for raising awareness on cyber safety among children. The organization has taken on cyber safety as an integral part of its […]

BAHRAIN. On June 12, 2015, Standard & Poor’s Ratings Services affirmed its long- and short-term foreign and local currency sovereign credit ratings on the Kingdom of Bahrain at ‘BBB-/A-3’. We also affirmed our long- and short-term foreign and local currency credit ratings on the Central Bank of Bahrain at ‘BBB-/A-3’. The outlooks on both Bahrain and its central bank remain negative. RATIONALE We expect that Bahrain’s fiscal […]

By JODI RUDOREN June 14, 2015 JERUSALEM — In a pre-emptive strike against a forthcoming United Nations report on the war last year between Israel and Palestinian militants in the Gaza Strip, Israel’s Foreign Ministry on Sunday issued a lengthy paper arguing that its troops adhered to international law and blaming the militants for most of the s civilian casualties in Gaza. Israel has refused to cooperate with the […]

By CHARLIE SAVAGE June 13, 2015 WASHINGTON — The United States has transferred six lower-level detainees from the prison at Guantánamo Bay, Cuba, where each had been held for more than 13 years, the military announced early Saturday. The departures, to Oman, were the first from the prison in six months and reduced the inmate population there to 116 prisoners. The six men are all Yemenis and have each […]

Video | Orange’s Boss Meets With Netanyahu Stéphane Richard, the chief executive of Orange, the French telecom giant, tells Israel’s prime minister that he regrets the furor caused by his statements about doing business in the country. By JODI RUDOREN June 12, 2015 JERUSALEM — The chief executive of a French telecommunications company made an extraordinary personal pilgrimage on Friday to apologize to Prime Minister Benjamin Netanyahu of Israel, […]

Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff, at a graduation and commissioning ceremony at the United States Military Academy at West Point, N.Y., last month. By HELENE COOPER June 11, 2015 NAPLES, Italy — The United States is considering establishing a new network of American military bases in Iraq to aid in the fight against the Islamic State, senior military and administration officials said […]

Contributing Op-Ed Writer June 11, 2015 Shmuel Rosner TEL AVIV — Reuven Rivlin was elected president of Israel a year ago. Since then, this Likud Party member and former speaker of the Knesset has become Israel’s voice of moderation and reason on many issues. He has denounced racism, defended the autonomy of Israel’s judiciary and argued for better relations between Jews and Arabs. Mr. Rivlin is the […]

UAE. Dubai private sector companies indicated a modest rebound in output growth from the 18-month low recorded during April, according to the latest Emirates NBD Dubai Economy Tracker™ report. The latest survey also pointed to a slightly faster expansion of incoming new work, while modest job creation and positive sentiment regarding the business outlook was sustained. Of the three key sub-sectors monitored by the survey, construction was […]

UAE. Invesco today released its third annual Invesco Global Sovereign Asset Management Study[1], an in-depth report on the complex investment behaviour of sovereign wealth funds, conducted amongst more than 50 individual sovereign investors across the globe representing $7.09 trillion2 of assets, including Middle East based sovereign wealth funds. This year’s study took place against a backdrop of an extreme fall in the price of oil and provides […]

ABU DHABI // A Kuwaiti Muslim Brotherhood politician has been legally named as a felon after he failed to appear in court to answer charges of publicly insulting a leading member of the royal family. Mubarak Al Duwailah – who is being tried at the Federal Supreme Court in his absence – is also accused of saying that the Judicial Department had fabricated evidence against the group […]

Emirates NBD generates financial report 30pc faster with MDS DUBAI, 4 days ago Emirates NBD has generated its year-end financial statements 30 per cent faster than the previous year, working with the MDS ap, an exclusive partner on the SAP Business Analytics Portfolio of products. The application allowed it to manage critical disclosures and heighten trust and transparency for investors, said a statement. Surya Subramaniam, group chief […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
China Reconciled To U.S. Curbs On Chips Exports, Woos South Korea For Supply // Microsoft restores services gradually but gives no recovery deadline // Crescent Enterprises venture arm funds Oyster Therapeutics development // October Food Price Shock Has Far Reaching Consequences // Rooftop solar planning gaps behind power shortages // The Honey Trap Is The Headline, The Chip Pipeline Is The Story // Lego restores BrickLink marketplace after security investigation // Saudi fund assets forecast to cross $400 billion // Fujairah highway pile-up leaves 14 dead and 30 injured // Salik posts Dhs1.045bn profit despite lower toll traffic // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // Electoral register gains 2.17 lakh voters // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // 11 Boutique Xinjiang Wineries to Debut in Singapore // Nvidia appoints Colette Kress interim chief after Huang departure // Inpex reaffirms Gulf oil strategy despite shipping constraints // Microsoft outage leaves Outlook and Teams users disconnected // Woman found dead as bank moves to repossess home // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // Ration dealers seek GPS aided grain deliveries //