15 February 2017 Abu Dhabi, UAE – Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi International Offset Conference (ADIOC) begins today. ADIOC is organized by the Tawazun Economic Council and is being attended by the global defense industry, government officials and sector experts. The biennial […]
Submitted by Don Quijones via WolfStreet.com, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble […]
The four-star flagship hotel caters to the market with affordable package deals for all International explorers 15 February 2017 Dubai, UAE – In direct response to the demand from travellers’, Somewhere Hotels, one of Dubai’s most stylish mid-market hotel brands, recently opened the doors to its new 301-room hotel at the renowned and convenient location ‘Barsha Heights’, previously known as Tecom. Making this the second hotel opening […]
Your daily guide to community and cultural activities across the Emirates for February 15, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Film screening Sign […]
As central bankers seek to wean markets off quantitative easing and exit the dangerous experiment of negative rates, they increasingly fret about the resilience of credit markets. How worried should they be? The US Treasury’s Office for Financial Research, the European Central Bank and the Bank of England have all issued warnings in their financial stability reports voicing concern over whether we might see fire sales that […]
TOKYO Shares in Toshiba Corp (6502.T) tumbled on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell more of its prized flash-memory chip business than planned to urgently raise funds. Scrambling for capital, Toshiba said it would consider selling most, even all, of its stake in the chips business – a decision that has investors questioning […]
The big publishing story this week is about a Palestinian-American author who has sold her debut novel to Harper for a sizeable fee. Etaf Rum’s The Place an Arrow Shoots From sounds great: publisher Erin Wicks calls it “the story of three generations of Palestinian-American women living in Brooklyn as they struggle to reconcile their individual desires with the demands of their Arab-Muslim culture”. Their identities come […]
SoftBank’s billionaire founder Masayoshi Son, who has boasted of creating the “Berkshire Hathaway of tech”, has thrown himself into the world of private equity and hedge funds with a $3.3bn acquisition of US alternative asset manager Fortress Investment Group. The deal, which follows the Japanese group’s traditional focus on telecoms and internet, comes just as SoftBank is emerging as one of the world’s largest investors with the […]
When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]
On Valentine’s Day everyone is looking to celebrate love. But if you are a millennial, then you might have no problems breaking up and trading in a lover for the limelight. According to a study conducted by the social entertainment network Clapit, some millennials have no problem choosing fame over falling in love, getting married and having children. Clapit, the mobile-first platform that aims to helps users […]
The reaction to a strike at the world’s largest copper mine underlines the sharp reversal in fortune in one of the world’s key metals over the past four months. Copper has jumped 5 per cent in the past two days to a two-year high after a strike at the Escondida mine in Chile raised supply fears about a market that has been starved of investment. The dispute […]
14 February 2017 Infinite – IT Solutions has become a member of the Middle East Council of Shopping Centres (MECSC), a vibrant community of retail professionals dedicated to promote and develop the shopping industry across the Middle East. Infinite decided to join MECSC to actively participate in this professional forum for exchange of ideas and share its technological expertise gathered while deploying integrated IT solutions for companies […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products, but a strong dollar continued to keep underlying inflation at the factory gate tame. Rising raw material costs are boosting producer prices across the globe, notably in China, which is the biggest source of U.S. imports. But economists still […]
The US economy and fiscal policy face an uncertain path under the administration of Donald Trump, Janet Yellen warned on Tuesday as she declared “monetary policy is not on a preset course” but said it would be “unwise” to raise rates too slowly. Testifying before Congress on Tuesday, the Federal Reserve chair painted a picture of an economy with accelerating growth, higher inflation and a robust labour […]
When Israel declared independence in 1948, Jordan, along with five other Arab states, attacked Israel, occupied Judea, Samaria and eastern Jerusalem, and drove out Jewish residents. Again, in 1967, Jordan attempted to wipe out the Jewish State, but this time, Israel forced the Jordanian army back across the Jordan River. While the government of Israel was ambivalent about whether to retain the newly emancipated areas, the settler […]
The Business Roundtable indeed “appears to have significantly softened its stance on disclosure of political activity,” said John Wonderlich, executive director of the nonprofit Sunlight Foundation, which advocates for political transparency. The apparent shift, he said, “reflects a growing judgement that secret political spending violates our political norms and can create liabilities for businesses and their brands.” But David Keating, president of the nonprofit Center for Competitive […]
By Clare Baldwin and Andrew R.C. Marshall | MANILA MANILA Before Rodrigo Duterte’s bloody war on drugs had even begun, allies of the Philippines president were quietly preparing for a wider offensive. On June 30, as Duterte was sworn in, they introduced a bill into the Philippine Congress that could allow children as young as nine to be targeted in a crackdown that has since claimed more […]
US markets regulators have delayed enforcement of new derivatives rules due to come into effect in two weeks’ time because few of the hundreds of pension funds, insurers and asset managers affected would be ready in time. There were fears that the widespread lack of readiness to comply could have caused market disruption if they were enforced as planned on March 1. The rules require some derivatives […]
By Cindy Silviana and Eveline Danubrata | JAKARTA JAKARTA Supporters of the governor of Indonesia’s capital are hoping their checkered shirts in red, white and blue will help galvanize the vote in a city election on Wednesday and win a second term for their leader. Basuki Tjahaja Purnama is Jakarta’s first ethnic Chinese and Christian governor, and the election in the city of 10 million people has […]
By Jutarat Skulpichetrat | CHONBURI, Thailand CHONBURI, Thailand The most senior U.S. officer to visit Thailand since a 2014 coup emphasised the importance of restoring democracy on Tuesday as he launched the annual Cobra Gold military exercise. The United States scaled down its presence at Asia’s largest annual multinational military exercise as one of the former U.S. administration’s steps to pressure the junta. With ties improving even […]
Donald Trump’s embrace of protectionism and opposition to multilateral trade deals has prompted EU leaders to ask how Europe might deepen ties with Asia as a way of bolstering global commerce and safeguarding export markets. Some officials have talked about Europe performing its own trade pivot to Asia as well as other emerging markets. But closer engagement, especially with China, at a time of global economic upheaval […]
Tuesday 04:40 GMT. Overview Equities in Asia were struggling ahead of comments by Federal Reserve chair Janet Yellen and as oil prices climbed back from a drop spurred by a report indicating output from the US was set to pick up. Hot topic Stock markets in the region deteriorated in afternoon trading, with Australia’s S&P/ASX 200 flat after giving up an early gain of 0.4 per cent, […]
The United States on Monday labelled Venezuela’s vice-president an international drug trafficker, freezing millions of dollars worth of his US-based wealth as it accused him of facilitating multiple one-ton narcotics shipments to Mexico and the US from a Venezuelan air base and the country’s ports. The US Department of the Treasury formally designated Tareck El Aissami a drug kingpin for “playing a significant role in international narcotics […]
Excerpted from today’s Blain’s Morning Porridge by Bill Blain of Mint Partners Over weekend drinks, dinners, very good lunches and rugby banter I was repeatedly told by my chums with real jobs in Industry, Services and Government how terrible this Trump fellow is turning out. It’s terribly liberal of us all to be illiberal about him. A couple of times I tried to respond in rational terms […]
