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Dubai, UAE, 16 November 2016 Visitors at Middle East Concrete and PMV Live 2016 can look forward to a host of exciting new innovations and product launches such as ground-breaking tractors, road trucks and rear tippers from 21-24 November at the Dubai World Trade Centre. Ford Trucks plans to display a range of 2017-model heavy commercial vehicles including an 1843T tractor and 3543M 6 x 4 and […]

By Lauren Hirsch and Liana B. Baker Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014. The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese […]

US President-elect Donald Trump is sending another strong signal that he plans to take a pro-growth and business friendly approach to economic policy, with leading New York investors Steve Mnuchin and Wilbur Ross on his short list for Treasury and Commerce secretary. The pair on Tuesday won the endorsement of billionaire investor and Trump backer Carl Icahn who turned to Twitter after speaking with the incoming Republican […]

A global trade union for construction workers that has criticized labour conditions in Qatar will inspect soccer stadiums being built for the 2022 World Cup. The Geneva-based Building and Wood Workers’ International (BWI), whose general secretary in 2015 said Qatar’s migrant workers faced conditions akin to “modern-day slavery”, will inspect safety on World Cup sites and labour accommodations starting next year, according to a statement by Qatar’s […]

Sweden’s Riksbank is debating whether to become the first significant central bank to issue a digital currency as it responds to an increasing move away from cash in the Scandinavian country. The world’s oldest central bank — it was the first to issue paper banknotes in the 1660s — is launching a project to examine what a central bank-backed digital currency would look like and what challenges […]

“Phase one is the hope phase,” Stephen Cucchiaro, chief investment officer at 3 Edge Asset Management, says of the reaction in financial markets to president-elect Donald Trump. “As it is a while until he’s president, you can hope for fiscal stimulus getting growth going and reawakening animal spirits.” Evidence of exuberance is not hard to find. S&P 500 financials and heathcare stocks are flying; US 10-year Treasury […]

PARIS U.S. President-elect Donald Trump will have little choice but to adopt a softer line on trade than the one he has flagged during his campaign, although flare-ups with some partners are likely, former WTO chief Pascal Lamy said. With financial markets wondering whether Britain will opt for a hard or soft Brexit, Lamy said that there was a similar scenario for trade under a Trump presidency. […]

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The world’s favourite spy has ­arrived in Dubai with a licence to thrill – or at least, we have his cars, suits, guns, gadgets and even a few of the women that have helped to make the 24 Bond movies the most enduring film franchise of all time, raking in an estimated US$14 billion (Dh51.4 bn) since Sean Connery introduced us to 007 in 1962’s Dr No. […]

Photo Donald Trump at a rally against the Iran deal in Washington last year. He vowed during his campaign to renegotiate or renounce the agreement. Credit Doug Mills/The New York Times Seventy-six national security experts urged President-elect Donald J. Trump on Monday to reverse his hostility to the nuclear agreement signed with Iran last year and to use it as a tool to ease other tensions with […]

Tokyo is struggling to find out who is advising Donald Trump on Japan policy, as the president-elect prepares to meet Prime Minister Shinzo Abe in New York this week in what will be his first meeting with a foreign leader since his victory over Hillary Clinton. Four former US officials said the Japanese embassy had been contacting Asia experts in Washington to identify Trump advisers on Japan […]

There are few things like a bull market to turn an investor’s head. Just look at China. Having slumped almost 50 per cent from its peak last June to a low in early January, the benchmark CSI 300 Index is now up 20 per cent. The memory-erasing qualities of this year’s rally in Shanghai will soon be given a real test as a trading link between Hong […]

A sell-off reverberating through sovereign bond markets tested investor appetite on Monday for a multibillion-dollar corporate bond sale, as money managers wait for volatile price swings to subside. Pfizer successfully completed a $6bn bond sale on Monday but several investors familiar with the sale said interest was subdued by the recent volatility in fixed-income markets, which has seen the yield on both the 10 and 30-year Treasuries […]

SINGAPORE Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. U.S. crude futures for December delivery CLc1 had climbed 90 cents, or 2.1 percent, to $44.22 a barrel by 0340 GMT. They struck their lowest in nearly two months […]

With US president-elect Donald Trump’s governing priorities slowly starting to take shape, the US steel industry emerged on Monday as one sector where investors are placing their bullish bets. Three companies — US Steel, AK Steel and iron-ore producer Cliffs Natural Resources — saw their stock ratings upgraded by Morgan Stanley analysts in the wake of last week’s election, pushing their share prices up. Mr Trump’s election […]

By Ann Saphir | WICHITA FALLS, Tex. WICHITA FALLS, Tex. Markets are betting heavily that the man Americans last week elected as their next president will enact fiscal and other policies that will boost U.S. growth and inflation, but at least one U.S. central banker is pushing back. Since Republican Donald Trump was elected U.S. president last week, the 10-year Treasury yield has climbed to its highest […]

A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s mix of economic stimulus and protectionism will herald faster growth and the return of inflation. Since Mr Trump’s surprise win in last week’s election, investors have begun to question long-held consensus forecasts for subdued inflation and mediocre growth that underpinned a rally in bonds over the summer. […]

DUBAI // Indonesia announced its participation in Expo 2020 Dubai on Monday in a letter from the President Joko Widodo to Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The letter was delivered to Reem Al Hashimy, Minister of State for International Cooperation by Husin Bagis, the Indonesian ambassador to the UAE. “The ties between the UAE and Indonesia are deep and we hope to […]

US bank shares have staged the sharpest recovery rally since Wall Street emerged from the financial crisis in 2009, underlining the stark shift in investor sentiment that has gathered pace since Donald Trump captured the US presidency.  The S&P 500 banks index, a gauge of the largest US banks, has turned a year-to-date fall that, at its worst, reached almost 25 per cent, to a gain of […]

By Elias Glenn and Kevin Yao | BEIJING BEIJING China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook. Fixed-asset investment quickened slightly and beat expectations in January-October as the government stepped up infrastructure spending to support growth, official data showed on Monday. But […]

DUBAI // Indonesia announced its participation in Expo 2020 Dubai on Monday in a letter from the President Joko Widodo to Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The letter was delivered to Reem Al Hashimy, Minister of State for International Cooperation by Husin Bagis, the Indonesian ambassador to the UAE. “The ties between the UAE and Indonesia are deep and we hope to […]

Over 300 senior professionals and 20 experts at summit on best manufacturing practices Dubai, United Arab Emirates, 14 November 2016 Under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline & Group, President Civil Aviation Authority, Chairman Dubai Airports and along with the support of Department of Economic Development (DED) and Dubai Economic Council (DEC), the GCC Manufacturing Excellence […]

November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]

Abu Dhabi, November 14, 2016:  Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters announced today the winners of the 4th edition of the Ethical Finance Innovation and Challenge Awards (EFICA). Tirad Al Mahmoud, Chief Executive Officer of Abu Dhabi Islamic Bank (ADIB) presented The EFICA Lifetime Achievement Award to the former governor of Malaysia’s Central Bank, Dr Zeti Akhtar Aziz for her pivotal role in developing the […]

Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump as US president, which boosted hopes for more consumption in the western world. The promise of a big infrastructure programme in the US, following a decade of reliance on China, has driven the market to reassess the outlook for copper and other industrial metals such as […]

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