Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
Dubai, United Arab Emirates, February 22, 2017-(ME NewsWire) Concourse D marks its first anniversary on February 24 following a successful inaugural year that saw over 16.6 million passengers enjoy its customer-friendly design and top-flight retail and food and beverage offering. Concourse D, which represents the final major piece of infrastructure to be built at DXB as part of the $7.8 billion Strategic Plan 2020 programme, was a […]
Paul Polman thought it was just going to be an informal catch-up. But it quickly became clear that Alexandre Behring, chairman of Kraft Heinz, had something very specific on his mind when he visited Unilever’s art deco headquarters in London last month. Had Mr Polman, chief executive of Unilever since 2009, ever considered a collaboration with Kraft Heinz, Mr Behring wanted to know. Mr Polman took this […]
|By Arabian Post Staff| Saudi Arabian Oil Co may offer discounted shares of its record breaking IPO to Saudi nationals, Bloomberg reported quoting sources. It said the company has discussed methods to structure the sale so that retail investors in Saudi Arabia can buy shares for less than those buying on international exchanges. Aramco, as the company is known, is considering listing venues in the U.S., U.K. […]
Donald Trump has picked HR McMaster to be his national security adviser, replacing Michael Flynn, who was ousted just 24 days into the job. Mr Trump called Lieutenant General McMaster “a man of tremendous talent and tremendous experience” after announcing the decision from his Florida Mar-a-Lago resort, the so-called Winter White House. The president said Keith Kellogg, the president’s acting national adviser and a supporter of Mr […]
Does Uber worship business performance at the expense of ethics? That question flared up again at the start of this week, after a former programmer complained about sexual harassment at the car-booking company — and a culture she claimed turned a blind eye to misbehaviour in order to protect high-performing employees. As the world’s most valuable private technology company, Uber is the most prominent start-up to emerge […]
ABU DHABI // Abu Dhabi will increase protected habitats by thousands of square kilometres and rehabilitate dozens of endangered species in a plan to tackle the most pressing environmental issues. By 2020, more than 15 per cent of the emirate’s land and 13 per cent of its water will be legally protected natural reserves. The Environment Agency Abu Dhabi, or Ead, plans to triple rehabilitation and breeding […]
The quaint cobblestone streets of the historic Gastown district of Vancouver belie its status as a fast-growing technology hub. Drawing on links with nearby Seattle, and San Francisco further south, a tech boom in Canada’s third-largest city has pulled in tens of thousands of skilled workers and start-up entrepreneurs in recent years, sparking a fierce fight for the limited supply of office space. Now the commercial centre […]
As the world’s oil traders descend on London this week, the hot subject will be how to keep North Sea Brent, the benchmark for the global oil price, fit for purpose. S&P Global Platts , the oil pricing agency, is trying to execute the biggest overhaul of North Sea oil trading in a decade, with plans to rejig how prices in the region are set ahead of […]
Submitted by Michael Shedlock via MishTalk.com, I am unsure who first came up with the idea of taxing robots, but the proposal has been embraced by academia, socialists, and in general, the radical Left. Today, entrepreneur Bill Gates, founder of Microsoft, endorsed the idea. What does Gates want to do with the money collected? Here’s the answer: Flush it down the toilet. In a Quartz interview, Bill […]
India’s government is allowing app developers to use its biometric database of more than a billion citizens as part of an initiative called “India Stack.” The developers can use customers’ fingerprint and iris scans to compare against records stored as part of the government’s vast biometric data-collection program, to create new ways to access insurance, banking, healthcare and employment. As outlined in a Wall Street Journal article, […]
Key to enhancing and diversifying its service offering in the domestic maritime industry 20 February 2017 Riyadh – Saudi Arabia – Bahri, a global leader in logistics and transportation, has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundation to offer diverse shipping services to domestic customers. The new office, located in the central suburb of […]
Taj El Khayat to bolster development in key markets, with security and cloud to the fore 19 February 2017 Dubai, United Arab Emirates – F5 Networks (NASDAQ: FFIV) has appointed Taj El Khayat as its new director for the Gulf, Levant & North Africa region. Reporting directly to Diego Arrabal, Middle East and Africa VP, F5 Networks, El Khayat will lead a team comprising of salespeople, channel […]
Kraft Heinz, the Warren Buffett-backed US food group, dropped its $143bn pursuit of consumer products rival Unilever on Sunday, only two days after publicly confirming its interest in acquiring the Anglo-Dutch rival. Kraft Heinz said in a joint statement with Unilever that it had “amicably agreed to withdraw its proposal for a combination of the two companies”. A takeover would have created the world’s second-largest consumer goods […]
Theresa May has ordered her top officials to examine Kraft Heinz’s proposed takeover of Unilever to see if it raises concerns for the wider British economy and merits government intervention. The $143bn takeover approach is a big test for Mrs May’s industrial policy: last year she criticised Kraft’s 2010 takeover of the British chocolate maker Cadbury — the US company reneged on a promise to retain factories […]
The two projects, the first to open since Mr. Trump became president, are among the dozen international business deals from his former life still moving forward — from India to Indonesia, Uruguay to the Dominican Republic. None of them are “new deals,” as defined by the family, as they were already well underway before the election. Continue reading the main story A Web of Complications Mr. Sajwani […]
In the world’s most remarkable cave system, Naica in Mexico, cathedral-sized chambers are adorned with perfect crystals the size of trees. And scientists have now discovered that Naica hosts an astonishing array of microbial life unlike anything else on Earth. Penelope Boston, director of the Nasa Astrobiology Institute at Ames, California, has led the exploration of this previously unknown microbial ecosystem. She outlined her findings at the […]
Those bombings never happened, but the intent of the conspiracy, prosecutors said, was to destroy New York landmarks, kill hundreds of people and force the United States to abandon its support for Israel and Egypt. Continue reading the main story Prosecutors also asserted that Mr. Rahman was linked to the 1993 bombing of the World Trade Center, which killed six people. In Mr. Abdel Rahman’s trial, prosecutors […]
Emerging market equity funds attracted the most money from investors in six months, as resilience in commodity prices and signs of improvement across the world’s major economies sharpened investors’ appetite. The EM funds secured $2.7bn this week, with exchange traded funds pulling in $1.8bn of the total, according to data from EPFR. Interest in EM equities was mirrored by bond investors, who handed EM debt funds $1.3bn. […]
newslide Angelina Jolie’s new film debuts in Cambodia Angelina Jolie presented her new film on the horrors of the Khmer Rouge era over the weekend at the ancient Angkor Wat temple complex in Cambodia. Cambodia’s king and survivors of the communist regime were among 1,500 people invited to the debut screening of First They Killed My Father, directed by Jolie and based on the memoirs of Loung […]
Since Ancient times, Visual Capitalist’s Jeff Desjardins explains, gold has served a very unique function in society. Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, […]
When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]
Part of a poster issued by the British tax authorities to counter offshore tax evasion in 2014. PHOTO: H.M. Revenue & Customs Through the Panama Papers released at the beginning of last year, the offshore tax haven activity of the national elites were seen in the full light of day by citizens. The reverse engineering of the internal database of one of the world’s leading offshore money […]
Facebook co-founder Mark Zuckerberg mounted a broad defence of social media on Thursday, taking on growing concerns about his company’s contribution to everything from recruitment by terrorists to the spread of fake news. In a 5,700 word treatise posted on the social network, the 32-year-old founder also laid out ideas that could lead Facebook increasingly into new forms of social engineering, as it intervenes more directly to ensure […]
