When we look to America these days it’s largely with an eye on politics. Much of the world is experiencing a different kind of political environment, with more visible players, more polarizing issues, and more drama overall. And this is being exemplified by America under a President who speaks only to his own party, and who approaches the job as if it’s a reality television show. As […]
|By Arabian Post Staff| Banks in the Gulf Cooperation Council (GCC) should continue to breathe a little easier in the year ahead. Barring any major increase in geopolitical risk or a sharp fall in oil prices, 2019 should mark a stabilization of GCC banks’ financial profiles, following three years of significant pressure, Standaard & Poor’s said in its latest review. What’s more, with the transition to IFRS […]
Is the human race winning? It seems that the answer is no. We go slowly along a pathway that plays with the notion of progress. We digress constantly from focussing upon what would fix issues of division, disagreement and despair. The fundamentals are wrong. This is because we became strong believers of what deceives us. We see policies formulated on the basis of hatred, and not practicality. […]
By James M. Dorsey Financial injections by Qatar and possibly China may resolve Turkey’s immediate economic crisis, aggravated by a politics-driven trade war with the United States, but are unlikely to resolve the country’s structural problems, fuelled by President Recep Tayyip Erdogan’s counterintuitive interest rate theories. The latest crisis in Turkey’s boom-bust economy raises questions about a development model in which countries like China and Turkey witness moves towards […]
By James M. Dorsey An offer by a Saudi-backed bank to lend financially strapped Pakistan US$4 billion is likely intended to bolster Saudi influence when former international cricket player Imran Khan is sworn in in the coming week as the South Asian country’s next prime minister. The offer was most immediately related to a statement by Asad Umar, Pakistan’s new finance minister-in-waiting, that Pakistan would decide on whether to seek […]
|By John Hardy| Just ahead of the US jobs data on Friday, the People’s Bank of China hiked reserve requirements on CNY forwards (for onshore institutions) a move clearly aimed at stemming the one-way CNY depreciation ahead of the 7.00 level in USDCNY and as the CFETS-defined RMB basket reached the bottom of its range from a year ago. The requirements went into effect today and haven’t triggered additional […]
By James M. Dorsey Message to Abu Dhabi, Riyadh and Tel Aviv: Not to worry, US President Donald J. Trump has no intention of meeting his Iranian counterpart, Hassan Rouhani, unconditionally. On the contrary, Mr. Trump’s surprise announcement that he is willing to talk to Mr. Rouhani is likely part of a plan formulated almost a year before he returned to government service by his national security advisor John […]
|By Arabian Post Staff| After a landmark ruling in Germany last week that social media accounts can be inherited by a person’s beneficiaries, DIFC has announced that those who register inheritance Wills with the authority can include such assets in their Wills. Lawyers and lawmakers around the globe have been grappling with the legal status of online assets, not just personal data on sites such as Facebook […]
This 9A0-385 exam leads to the Adobe Experience Manager 6 Architect certification. It assesses the knowledge and skills of a candidate in helping clients realize the value in the Adobe solutions. This test is ideal for individuals who have current or previous experience working as Adobe Experience Manager Business Practitioners. Someone with this job title should be able to do the following: Organize digital assets of guide […]
By James M. Dorsey Saudi Crown Prince Mohammed bin Salman could well dash expectations that he is gunning for a break with Sunni Muslim ultra-conservatism rather than a shaving off of the rough edges of Wahhabi ideology that has been woven into the kingdom’s fabric since its founding more than eighty years ago. Prince Mohammed has fuelled expectations by fostering Islamic scholars who advocate a revision of […]
By James M. Dorsey Nothing in a swath of land stretching from the Atlantic coast of Africa to China is undisputed. Food is often emblematic of disputes over identity, history and political claims that underlie an arc of crisis wracked by ethnic and religious conflict; clamour for political, economic, social, national and minority rights; efforts by states and ethnic groups to garner soft power or assert hegemony, […]
|By Saifur Rahman, Executive Editor| The International Monetary Fund (IMF) finally recognised the Islamic banking principles by endorsing a proposal on the use of the Core Principles for Islamic Finance Regulation (CPIFR), according to a statement. This effectively means that the IMF now accepts Islamic financial principles to become a globally accepted system in parallel to the conventional interest-based economy. “The CPIFR will complement the international architecture for financial […]
By James M. Dorsey Ousted Pakistani prime minister Nawaz Sharif kicked up a storm when he earlier this month seemingly admitted that Pakistan had supported militants who attacked multiple targets in Mumbai in 2008, killing 166 people. Mr. Sharif’s admission, which he has since tried to walk back, put a finger on Pakistan’s controversial policy of selective support of militant groups at a sensitive time. Pakistan is gearing up for elections that […]
By James M. Dorsey A Saudi Moroccan soccer spat speaks volumes about the depth of change in the Arab world. The spat over Saudi Arabia’s refusal to support a Moroccan bid for the hosting rights of the 2026 World Cup tells the tale of the rise of individual country nationalism at the expense of Arab solidarity, Saudi determination to safeguard its alliance with the United States at whatever cost, […]
|By Arabian Pot Staff| The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Report by Rystad Energy. These projects represent a collective $100 billion worth of capital investment, giving an average of […]
By James M. Dorsey The Gulf crisis that pits a United Arab Emirates-Saudi-led alliance against Qatar is escalating in discreet but no less worrisome ways that effect major third-party commercial interests and could increase international pressure for a resolution of the dispute. In a major shift away from Saudi and UAE restraint in attempting to force the international community and multi-nationals from taking sides in the 11-month […]
|By Arabian Post Staff| Sixty-nine percent of adults in the UAE work full-time for an employer – the highest rate in the world. However, a much lower percentage, 12%, have full-time jobs that engage them. These are some of the findings from global analytics and advice firm Gallup’s new global job figures,. The new report examines the distribution of quality jobs across the world. While the percentage of adults with […]
/By Daniel Markuson/The Tor browser is a powerful free tool for browsing the internet anonymously that also unlocks a portion of the deep web in the form of .onion addresses. If you own or are looking to create a website, you may want to learn how to create a .onion site to protect yourself and your visitors. What is a .onion domain and how does it work […]
By James M. Dorsey Stepped up Saudi efforts to forge close diplomatic, economic and cultural ties to Shia-majority Iraq in a bid to counter significant Iranian influence in the country appear to be paying off. The Saudi initiative demonstrates the kingdom’s ability to engage rather than exclusively pursue a muscular, assertive and confrontational policy towards the Islamic republic and its perceived allies. It raises the question whether […]
By James M. Dorsey Bangladesh, in a twist of irony, is looking to Saudi Arabia to fund a $ 1 billion plan to build hundreds of mosques and religious centres to counter militant Islam that for much of the past decade traced its roots to ultra-conservative strands of the faith promoted by a multi-billion dollar Saudi campaign. The Bangladeshi plan constitutes the first effort by a Muslim country to enlist […]
By James M. Dorsey When Miguel Torres, scion of an iconic Spanish winemaking dynasty, described the impact of the Catalan quest for independence on his more than a century-old business in a letter to wine writer Andrew Jefford, little did he realize that he had put his finger on one of the current world’s most fundamental battles: nationalism and populism vs. inclusive multi-culturalism. It is a struggle that is tearing […]
Heart Disease – An infographic by GeriatricNursing.org Every year over 1.2 million people suffer from a heart attack due to coronary heart disease. The probability that a person may die from heart attack is 40 out of 100. According to the latest estimations, more than 335,000 of these heart attack patients are estimated to die even before reaching the hospital or the emergency ward. In the […]
|By Arabian Post Staff|A buoyant GCC Bond and Sukuk market achieved an all-time high issuance of USD 70 billion in 2017, with sustained investor appetite expected in 2018, according to a co-authored white paper from Emirates NBD Asset Management (Dubai) and Fisch Asset Management (Zurich). The paper, titled “The GCC Fixed Income Market: Then and Now” identifies key themes in 2017 and provides an outlook for the […]
|By Manish Rai| The recent protests in Iran rang a warning bell for the ruling theocracy in Tehran. What started in Iran’s second largest and holy city of Mashhad over rising prices, transfigured into widespread, unprecedented protests against the theocratic regime in towns and cities across the country. The earlier protests mainly emerged from capital Tehran and some major cities. But the latest ones touch a vast panoply […]
