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 […]
An aspiring weatherman in Kentucky has been charged with arson after he allegedly started a wildfire and then uploaded the video on Facebook. The 21-year-old Johnny Mullins admitted to the crime of starting the wildfire, according to the local police chief. Starting A Wildfire For Facebook Views “It’s really too bad because he’s not a bad kid — he’s just misguided,” said Jenkins, Kentucky police chief James Stephens. […]
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 […]
This Halloween, take a tour with NASA’s Exoplanet Exploration site of some of the most terrifying destinations in our galaxy. The nightmare world of HD 189733 b is the killer you never see coming. To the human eye, this far-off planet looks bright blue. But any space traveler confusing it with the friendly skies of Earth would be badly mistaken. Source link
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 […]
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ABU DHABI // Applications for a US$50 million fund to develop new renewable energy projects has opened. The International Renewable Energy Agency (Irena) and the Abu Dhabi Fund for Development (ADFD) are now accepting applications, which could see a range of projects in the developing world. Now in its fifth round of funding, the project has helped provide loans for 15 renewable projects in 14 developing countries […]
14 November 2016 Ahli United Bank has been named “Best Private Bank in Bahrain” at the prestigious Global Private Banking Awards 2016 ceremony held recently in London. The award is jointly announced by The Banker and PWM (Professional Wealth Management) magazines, the industry’s leading publications of the Financial Times Group. In recognition of its excellent services in the private banking and wealth management sector, AUB has received […]
The Abu Dhabi Science Festival returns this week with another packed programme that proves learning can be fun. The sixth edition of this family-friendly event begins on November 17 and continues until November 26 at Umm Al Emarat Park and Al Ain Zoo. For the first time, the majority of the activities are of the “drop-in” variety, which means there is no need to preregister or buy […]
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 […]
Ever wonder who Judith’s father actually is? The Walking Dead finally set the record straight in Sunday’s episode, “Service.” Full spoilers for The Walking Dead continue below. It’s been a while since The Walking Dead spent much time reflecting on original main characters Shane and Lori, but Rick got introspective about his now-dead best friend and wife during the fourth episode of Season 7. They were brought […]
DUBAI // A Frenchman playing an oud was arrested for begging after police caught him with Dh27 and 25 fils on a blanket in the Gold Souq this month. The busker, 27, was arrested on November 1 this year at 10.30am at the souq in Naif where he had spread the blanket on the ground. When a translator at Dubai Misdemeanours Court asked him if he had […]
Warning: If you haven’t seen the November 13th Westworld episode, “Trompe L’Oeil”, you’re about to be spoiled! The November 23rd episode of Westworld ended with a huge reveal, as viewers learned that Bernard (Jeffrey Wright) was in fact one of the robotic hosts built by Robert Ford (Anthony Hopkins) – in a sequence that also had Ford order Bernard, who had no choice but to comply, to […]
DUBAI // A busker arrested after police saw him playing music for money in the Gold Souk will spend 15 days in jail before being deported. The 27-year-old Frenchman was arrested on November 1 this year at 10.30am at the souk in Naif. He was charged with begging. The Dubai Court of Misdemeanours was told the man spread out a blanket on the floor where people could […]
JERUSALEM — An Israeli ministerial committee on Sunday approved a contentious bill that would allow for the retroactive legalization of Jewish settlement outposts built on privately owned Palestinian land in the occupied West Bank. The measure breaks a longstanding taboo, and in the view of many experts, it defies international law. The bill requires approval by Parliament before becoming law. Prime Minister Benjamin Netanyahu opposed its advancement […]
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 […]
Following successful launch and implementation of Invest Easy portal developed by multinational full-service strategic change and technology company Nortal, Oman made an unprecedented leap in the Ease of Doing Business Ranking of World Bank’s annual Doing Business 2017 report, jumping 127 places in category ‘Starting a Business’ compared to previous year. 14 November 2016 According to Peeter Smitt, Middle East region Managing Director at Nortal, the record […]
The election of Donald Trump represents a “tectonic shift” for global economics and politics, and will help kill the three-decade bond market rally, according to Henry Kaufman, the original “Dr Doom”. The former Salomon Brothers chief economist gained his gloomy moniker by correctly calling the last bond bear market in the 1970s, and is now predicting another one, as Mr Trump will probably fire a massive slug […]
On Wall Street the S&P 500 has surged to within touching distance of a record high, with the US equity market electrified by Donald Trump’s capture of the White House and the Republican party unexpectedly keeping control of Congress in Tuesday’s US election result. As an historic week ends, investors believe that a macro economic regime change looms, upending the policy mix that has dominated in Washington […]
Three-dimensional printing may still seem more like science fiction than real-life science, but its use in the medical world is booming, with the number of 3-D printers doubling year-on-year. Traditional prosthetic hands, for instance, can cost anywhere from US$6,000 to $40,000 (Dh22,000 to Dh146,900), but 3-D printing is allowing volunteer groups such as the global, web-based Enable Community Foundation in the United States to offer their bionic […]
