In light of the recent surge in shorts across the curve, which as the table below shows has pushed repo rates deep into special territory, with the 2-Year going negative ahead of today’s auction… … it may have been the squeeze going into today’s 1PM auction announcement that prevent an uglier result for the just concluded sale of $26 billion in 2 Year paper. Pricing at 1.085%, […]
By Timothy Aeppel and Mai Nguyen American companies from appliance makers to auto parts suppliers have lined up to offer a quiet caution to President-elect Donald Trump as he considers pulling the United States from trade deals: most lost manufacturing jobs aren’t coming back, but higher costs for consumers could. Consider the sneaker industry, one of the first to move to Asia because of the sharply lower […]
HE Ahmed Bin Shafar: “District cooling is an ideal cooling solution that replaces conventional systems, bringing benefits to environment, economy and users” Dubai, UAE, 21 November 2016 Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, has urged real estate developers participating in the four-day “Big 5” exhibition 2016, that kicked off today (November 21 2016), at the World Trade Center in Dubai, […]
Theresa May has set out the terms of a new grand bargain with business, where the government invests to boost productivity and cuts corporation tax, in exchange for help tackling the worst excesses of capitalism. Setting out her business strategy, the UK prime minister proposes in the Financial Times a pact with corporate Britain to work together to defend capitalism, free markets and free trade from populist […]
“I’m going to get on my soap box,” says Dan Ayoub, studio head of strategy games at 343 Industries. “I think the term ‘beta’, it’s just lost. We should just give up; we’ve lost the word.” Ayoub is definitely onto something. At risk of showing my age, I remember a time when it was safe to expect a developer to release a demo for its latest game, […]
Talking over a scratchy telephone line from Mumbai, Shah Rukh Khan and Alia Bhatt sound relaxed as they discuss their new film, Dear Zindagi (Dear Life), which is due out tomorrow (November 24) in the UAE. The superstar and young actress have been working tirelessly to promote the film, and spent a whole day last week talking to reporters, whose time slots were queued up, but, like […]
Ending the kinds of offshore abuses revealed by the Panama Papers scandal requires a global solution led by the United States and Europe, a report released today by Nobel Prize-winning economist Joseph Stiglitz and Swiss anti-corruption expert Mark Pieth says. The 25-page report, “Overcoming the Shadow Economy,” argues that, as “economic leaders,” the U.S. and the European Union “have an obligation to force financial centers to comply […]
Your daily guide to community and cultural activities across the Emirates, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Art exhibition See the exhibition Beautiful World, in which Zayed University student Narjes Noureddine showcases a calligraphy painting created in response to the poem Beautiful World, written by Sheikh Zayed, the founding President of the UAE. […]
The political comeback of former French president Nicolas Sarkozy ended abruptly on Sunday when he conceded he would not be reaching the run-off of the centre right primaries to fight the presidential campaign next year. A late surge of support for François Fillon caused a major upset, as about 4m voters headed to the polls in the first step of a process expected to give France its […]
Dubai, United Arab Emirates, November 20, 2016-(ME NewsWire) Cengage, a global education and technology company, provided higher education representatives from the Middle East with a range of digital solutions at The Digital Education Show Middle East 2016. The event took place from November 14 to 17 at The Conrad, Dubai. The company focused on conveying the benefits of a range of digital platforms including MindTap, WebAssign, OWLv2, […]
Everywhere you look these days, it seems someone is talking about innovation. Whether at work or at home, when travelling, shopping or ordering a taxi, innovation is making our lives easier, reducing our impact on the environment and saving us money. As a result, it has become a career buzzword and young people across the region increasingly want to get involved and make an impact on their […]
Regional experts meet to discuss holistic approach to atrial fibrillation from diagnosis to treatment United Arab Emirates, Dubai – 20th November 2016 Boehringer Ingelheim and Medtronic have collaborated recently to develop a holistic approach to Atrial Fibrillation (AF) treatment solutions. Both Boehringer Ingelheim and Medtronic organized a two-day program which integrated both current evidence and clinical practice. The program, which has been certified and accredited by the […]
Your daily guide to community and cultural activities across the Emirates for November 19, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Ladies’ event Head to Yas Waterworld today for Ladies’ Day and enjoy access to more than 40 rides, slides and attractions in a private setting staffed entirely by women. Today, 10am to […]
RIYADH, SAUDI ARABIA : 20 November 2016 Thomson Reuters announced today that it was selected as benchmark administrator and calculation agent for the Saudi Arabian Interbank Offer Rate (SAIBOR). The appointment is part of an agreement with the Saudi Arabian banking industry. The arrangement is authorised by the Saudi Arabian Monetary Authority (SAMA), as part of its regulatory mandate over the banking sector, where this initiative will […]
Mitt Romney, a former governor of Massachusetts and staunch critic of Donald Trump during the recent presidential campaign, left the clubhouse at Mr Trump’s New Jersey golf course with no announcement about whether he will join the new administration. Donald Trump is holding meetings with prospective members of his administration at his golf club in Bedminster, New Jersey this weekend. Mitt Romney, the Republican nominee for president […]
newslide Dap-Kings singer Sharon Jones dies Sharon Jones, the powerhouse who shepherded a soul revival despite not finding stardom until middle age, has died at the age of 60. Jones’ representative, Judy Miller Silverman, said that Jones died in hospital after battling pancreatic cancer. Loved ones and members of her retro-soul band, the Dap-Kings, were among those surrounding her, Silverman added. The story of Jones’ battle with […]
It may not get the international acclaim of Dubai or the media attention of Doha, but Ras Al Khaimah (RAK) is quietly making its mark. Famed largely for bringing the world RAK Ceramics, the northern UAE emirate is forging a serious reputation on the global business stage. Be it in tourism, free zones, property or infrastructure, everywhere you look in RAK, something new is springing up. And […]
Iuna Al Hashemi remains remarkably calm as she discusses the “very challenging” business year for Bahrain’s national telco, Batelco. Once a monopoly, Batelco is now facing a crowded market, with strong competition from Kuwait’s Zain and Saudi Telecom Company-owned VIVA, as well as about ten internet providers for 1.4 million residents. Current economic conditions are making it increasingly difficult to keep up margins. Batelco Group, the […]
Video Russia Begins New Offensive in Aleppo Russia’s defense secretary, Sergei K. Shoigu, revealed some details of the renewed military strikes on Syria after a relatively calm few weeks. By THE NEW YORK TIMES on Publish Date November 15, 2016. Photo by Abd Doumany/Agence France-Presse — Getty Images. Watch in Times Video » BEIRUT, Lebanon — Warplanes resumed airstrikes on the besieged rebel-held sections of Aleppo, Syria, […]
Dishonored 2 will be getting a New Game Plus mode and new custom difficulty settings in a free update next month, Bethesda announced today. Although no other details about the difficulty settings or an exact release date are known, the two new options are part of expanding Dishonored 2’s “play your way” philosophy. More details on the content of the update will be revealed in the coming […]
19 November 2016 • 46 Emirati enterprises from diverse sectors among beneficiaries• “Our goal is to boost SME productivity and sustainability,“ says Abdul Baset Al Janahi• Dubai Holding CEO: We are aligned with the government’s agenda to develop the SME sector, and committed to supporting Emirati entrepreneurs Dubai, 19 November 2016: Members of Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and […]
Huawei has secretly slid in a new variant of the Mate 9, its flagship killer, bringing the total variants to three with the Mate 9 Pro, the Mate 9 Porsche edition and now the Mate 9 Lite, the a new shrunk down version of Huawei’s flagship, specs and size-wise. The Mate 9 Lite has one major drawback, however, and it’s the lack of Leica shooters in the […]
Greencore, Britain’s biggest sandwich maker, has been planning to “deepen its leadership of food-to-go”. As Lucy Kellaway has pointed out, sandwiches don’t need leadership (they need fillings) but this week Greencore deepened its leadership by paying $747m for Peacock, a US sarnie supplier. The deal went down like a fresh BLT and the shares rose at the sight of food-to-go leadership in action. Despite the grisly record […]
By Patrick Rucker | WASHINGTON WASHINGTON A leading U.S. bank regulator on Friday reversed course and positions the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal. The lender must also now seek prior approval before naming new bank leadership, said the Office of the Comptroller of the Currency, the main regulator for federal banks. Friday’s move puts executive […]
