World News

  • ‘Brexit’ move tips scale in GCC’s favor: report

    The UK’s impending historic withdrawal from the European Union (EU) is opening new opportunities for advancing the position of the Gulf Cooperation Council (GCC) as an economic powerhouse, casting the spotlight on the strong bilateral trade ties between the GCC region and the European island nation, according to a new report titled ‘UK’s EU Referendum: Why ‘Brexit’ Matters to the GCC.’

  • “America First, Protectionism First”

    The Trump effect is a speculative bubble, and as with all bubbles, it will finally burst when investors realise that the new President is unable to keep his promises. Until now, the most visible immediate effect of his victory has been the rise in interest rates (+50 basis points on US 10-year bond yield since November 8th). Investors have already anticipated that Trump's economic policy will be inflationist. However, market complacency is unjustified in view of the protectionist policies reaffirmed by the new President in his inaugural speech ("We must protect our borders from the ravages of other countries making our products, stealing our companies and destroying our jobs"..."Buy American and hire American"). The return to reality could well be brutal for investors, as within a globalised world, protectionism will be economically costly for a country putting it into practice on a large scale.

  • Energy, information technology, and materials sectors are exhibiting the highest year-over-year earnings growth - Century Financial Weekly Market Report

    Currencies

    Head & shoulder break still intact

    At the beginning of the week, the market was hoping the bill could pass the Congress before Thanks giving, but now there are doubt there's actually a bill to discuss. The Senate tax-reform proposal has strong divergences with the one debated in the House, as senators are more focused on helping the middle class, something that the previous version over looked. Due to these concerns voting got delayed to this coming week. As per the US treasury Secretary he is confident of reconciling the differences and positive that will get the tax bill to Trump in December.

  • Q2 Outlook : : Europe mispriced

    The greatest trades are those that take advantage of mispriced assets and illiquidity. As we head into 2017’s second quarter, it increasingly appears as if the European instability narrative may be overblown as the continent prepares to outperform a shaky, “Trump trade”-dependent US.

  • Young Syrian refugees say they are unlikely to return permanently to their homeland unless war ends and Daesh leaves

    More than half of young Syrian refugees say they are unlikely to return home permanently, and an end to the war and the elimination of Daesh are viewed as the decisive steps needed for them to consider going back.

  • “Back to normal; really?”

    Global inflation is about to spike due to higher worldwide commodity prices, competitive devaluations (imported inflation) and, to a lesser extent, increasing property prices.

  • Allsopp & Allsopp launch a brand new off-plan property portal

    Dubai residential real-estate firm, Allsopp & Allsopp, is pleased to announce that they have just initiated a new off-plan property portal for the first time in the region. This portal is handily contained on their internationally award-winning website and the company believe that it is the pioneer in this area on the Dubai property market.

  • Antique Bazaar Gets Patriotic with Food On Indian Independence Day

    India’s story is well known. Best known for its immense cultural diversity, as well as rich culture and heritage, the country celebrates its 70th Independence Day on August 15th 2016. The day is celebrated all over the country with great enthusiasm. The President of India gives a speech to “Address to the Nation” on the day before, highlighting all the achievements of the past year, important social issues and solutions, further development in the country, educational matters and paying tribute to the freedom fighter and leaders of the Indian independence movement. The Tri-colour Flag is hoisted, the National Anthem is sung and twenty-one gun shots are fired to salute and honor the Indian flag. Every Indian heart swells with pride and the motherland is fondly remembered, especially for those Indians who live away from home.

  • Arab News/YouGov US election MENA poll

    Half the citizens of the Middle East and North Africa would not vote in the US election if given the chance, highlighting the regional unpopularity of both candidates in the presidential race, an Arab News/YouGov poll has found.

  • Australian Islamic Finance Juggernaut Moving Forward with Middle-East Expansion

    Equitable Financial Solutions (EFSOL), Australia's largest, international Islamic finance company, headquartered in Sydney, is today pleased to announce the establishment of its Dubai office at Emirates Towers, Shaykh Zayed Road. EFSOL is actively pursuing its Middle-East expansion strategy, following the successful establishment of its ASEAN office based in Singapore, last April 2016.

  • AVERDA IS SET TO BUILD REPUBLIC OF CONGO’S FIRST MUNICIPAL SOLID WASTE LANDFILL

    In July 2016, members of the Parliamentary Committee of the Congolese Government and the Economic and Financial Commission of Congo National Assembly, representatives of Brazzaville Municipality and the Mayors of Pointe Noire and Brazzaville, visited Lifoula landfill site – this will become Republic of Congo’s first public and fully environmentally compliant municipal solid waste landfill.

  • Azerbaijan concludes successful roadshows in Qatar and Kuwait

    The Ministry of Culture and Tourism of Azerbaijan concluded its historic roadshows and gala dinners in Qatar on 4th April 2016 and in Kuwait on 5th April 2016.

  • Azerbaijan prepares for European Grand Prix in Baku

    Baku, the capital of Azerbaijan, is the venue for the 67th season of the FIA Formula One World Championship happening on June 17 to 19, 2016. It will be the first Grand Prix to be held in Azerbaijan.

  • Beyond Brexit, it's an 'unbearable' 147 days to the US election

    The ticking of the clock ahead of the June 23 UK referendum on EU membership has become a deafening drumbeat after a recent spate of polls seem to show a drift in favour of a rejection of the European Union, most dramatically in the 10-point margin of the Leave over Remain responses in Friday’s ORB poll results.

  • Brazil’s successful visit to Egypt results in development of strategic youth-oriented programmes

    A recent successful visit of a Brazilian official delegation to Egypt has led to the creation of a strategic youth-oriented agenda, which includes key issues such as taking youths off the street and expanding the school feeding program. The move is in line with the activities of the Center of Excellence Against Hunger, a collaboration between the United Nations World Food Programme (WFP) and the Government of Brazil, to help countries expand their school meal programmes to improve the food security of children.

  • Brazilian imports from Arab World amount to USD 2.6 billion during 1st half of 2016

    The Arab-Brazilian Chamber of Commerce (ABCC) has recently noted the impressive number of Brazil imports from the Arab World, revealing USD 2.6 billion in trade during the first half of 2016 alone. Such positive statistics reflect their strong trade relations which serves as further encouragement for more bilateral exploration of potential business ties in the near future.

  • Brazilian imports of mineral, fuel and fertilizers from GCC witness growth from Q1 to Q3 2015

    The GCC region continues to display its strong ties with Brazil as reflected in the USD 2,544.14 billion worth of imports from the Gulf recorded between Q1 and Q3 of 2015, according to the recent reviews of the Brazilian Arab-Brazilian Chamber of Commerce (ABCC). In the same period, mineral fuel and oil were noted as the top imports amounting to a total of USD 1,751.03 billion. The positive trend showcases the steady trade relations between the two regions as well as Brazil and the Gulf’s vibrant and dynamic business landscape.

  • Brexit boosting gold, oil not far behind

    The United Kingdom has voted to leave the European Union in a vote that was given this comment by the Financial Times: "Biggest jolt since the fall of the Berlin Wall. This puts 70 years of EU integration into reverse". 

  • Brexit: How expats can safeguard their investments in uncertain times

    On the eve of Britain’s upcoming EU referendum vote, financial planning firm Guardian Wealth Management has outlined how expatriates in the Middle East can safeguard their investments regardless of the outcome.

  • Citizen first-ever watch company to win gold standard at Eco Mark Awards

    CITIZEN is proud to announce that the company has won the gold prize at the “Eco Mark Award 2014” organized by the Japan Environment Association (JEA). This award recognizes CITIZEN’s contribution to the promotion of consumer awareness about the environment through its Eco-Drive watches.  It is the first time ever that a watch company has won the gold prize, the highest honour of the award.

    The Eco Mark Award was established in 2010 by JEA, in order to reward and recognise companies and organizations that make superior efforts to produce and promote environmentally friendly offerings, such as Eco Mark certified products. The goals of the award are to help consumers make eco-conscious choices of products and recognize companies that contribute to a sustainable society by making their products more environmentally friendly.