business

  • Gold prices have turned bullish after a dull second half in the previous week - Century Financial Brokers Weekly Market Report

    Currencies

    Govt. shutdown to slide dollar lower

    EUR/USD notched up to its fifth-straight weekly win, and ended the week at 1.2225, despite attempts by the European Central Bank (ECB) officials’ to supress investor expectations that the central bank would announce plans to slow down its massive stimulus programme at next week’s meeting. Moreover, we could again see the dollar being offered in the coming week, given the US Government shutdown further supporting rally in the pair. Investors would keenly eye the ECB rate announcement and press conference in the week ahead, to gain more clues about the ECB stimulus programme. The uptrend for the EUR/USD is very much intact, and it has clearly broken the resistance at 1.2089 on the weekly chart.

  • Gold Prices surges at 4-month high - Century Financial Weekly Market Report

    Currencies

    EUR/USD breaks out

    Initially, Euro began the weak consolidating, but ended up breaking through some major resistances and trying to make new highs. The trigger for the spike, came after the release of the December ECB meeting minutes, which showed that policymakers expressed confidence in the manner in which the Eurozone economy was moving and could consider a gradual shift in policy relatively soon. Moreover, news that the German Chancellor, Angela Merkel, may have paved the way to a stable coalition government, along with the US economy missing non-economic numbers over the last few days pushed the pair through the 1.21 levels and it ended the week just above the 1.22 region.

  • Huawei and Hamad International Airport Enter into a Strategic Partnership for Co-Innovation

    At the 17th Dubai Airport Show, in Dubai, UAE, Huawei and Hamad International Airport(HIA) signed a Memorandum of Understanding (MoU), formalizing a strategic partnership to enable the airport's digital transformation.

  • Illegal cigarettes cost GCC governments $210 million in lost taxes

    Philip Morris International (PMI) has collaborated with Oxford Economics to monitor and analyse total consumption, domestic sales, and lost tax revenues due to illicit trade in the GCC region.

  • Immaculate Indian Weddings at Anantara Siam Bangkok Hotel

    Anantara Siam Bangkok Hotel excels at luxurious weddings, and is now excited to extend such crafted and lavish experiences through the appointment of Indian Weddings Specialist, Rochana Lilaram.

  • Inflation to spur gold prices - Century Financial Brokers Weekly Market Report

    Currencies

    Pair near strong weekly resistance

    EUR/USD pair has been rallying extensively over the past few weeks, and even the aggressive comeback by US dollar didn’t seem to reflect much in this pair as it did in other currency pairs. However, that seems to be in corrected in the week ahead, as the pair is in close ranges to a 2008 trend line resistance. On the US front, the US economy added 200K jobs in January and more importantly, saw wages rise by 2.9% y/y, in what seems like a more sustainable acceleration in pay. This sent the dollar higher after a week that saw it struggling to recover. On the week ahead, we have US ISM Manufacturing PMI, which stood at the levels of 55.9 in December. A rise to 56.5 is expected, which if reached will indicate string economy and growth, which could burden EUR/USD.

  • INNSIDE by Meliá Debuts in China with INNSIDE Zhengzhou

    INNSIDE by Meliá, the upscale urban lifestyle brand of Meliá Hotels International, Spain’s leading hotel group, announced today the opening of INNSIDE by Meliá Zhengzhou, a brand new hotel located in the Zhengdong New District of Zhengzhou, China. The property marks the official launch of the INNSIDE by Meliá brand in China, a milestone for the group, which recently celebrated 60 years in the hotel industry.

  • Instinctif Partners Middle East grows by 58% in 12 months; latest retainer awarded by leading boutique developer Aurora Real Estate Development LLC

    Instinctif Partners Middle East, leading international business communications consultancy, has been retained by UAE-based boutique real estate development company, Aurora Real Estate Development LLC. Instinctif has been hired to plan and deliver an integrated communications strategy. The recent successes in client acquisition, which includes Aurora has led Instinctif to realise a 58% growth over the last 12 months.

  • Kanoo Machinery Displays Latest Innovations for Warehousing and Storage at Materials Handling Show

    Kanoo Machinery highlighted its latest technologies that solve key challenges in today's warehousing and storage needs through improved productivity, efficiency, safety and cost effectiveness, at the 9th edition of Materials Handling Middle East, held on September 11-13, 2017 at the Dubai International Convention and Exhibition Centre.

  • McLaren 720S revealed: full information and unpublished images of the dawn of a new era for McLaren’s Super Series

    The new McLaren 720S made its global debut yesterday (March 7) at the 87thGeneva International Motor Show, introducing the second-generation of McLaren’s Super Series and simultaneously raising previously accepted limits of performance in the supercar sector.

  • McLaren Automotive appoints Dr. Jens Ludmann as Chief Operating Officer

    McLaren Automotive, the creator of luxury sports and super cars from Surrey, England, has appointed Dr. Jens Ludmann as Chief Operating Officer (COO) effective from May 2, 2017.  He will report to Chief Executive Officer (CEO), Mike Flewitt.

  • Meliá Doha Appoints Sherief Abouelmagd As General Manager

    Meliá Doha, the first 5* Spanish hotel in Qatar, located in the prestigious West Bay region of Doha, is pleased to announce the appointment of Mr. Sherief Abouelmagd, an American Egyptian, results-driven professional with over 28 years of experience in the hotel industry, as its new General Manager.

  • Mergermarket Group Rebrands as 'Acuris'

    Mergermarket Group, the leading provider of business intelligence and research for fixed income, transactions, infrastructure, compliance and equities, today announced that it has re-launched under the brand name Acuris.

  • Middle East new issues will be in excess of USD 20bn for remainder of the year

    New issues for the remainder of 2017 are set to remain high, with estimates in excess of USD 20 billion, as a result of favourable market conditions, according to Fisch Asset Management, a global leader in convertible and corporate bond strategies.

  • MOLOCAHO by Amorette unveils its signature $98,000 Tanzanite encrusted luxury furniture at INDEX Design Series 2017

    MOLOCAHO by Amorette, Tanzania’s luxury furniture brand, makes its groundbreaking appearance at INDEX Design Series 2017, debuting M-Luxury Chair, the world’s only Tanzanite encrusted hardwood chair worth US$ 98,000. Showcasing from 22nd to 25thMay 2017 at Dubai World Trade Centre, MOLOCAHO by Amorette, brings this majestic and elegant work of art designed by Jacqueline Mengi, Tanzania’s award-winning furniture designer as they venture to bring Africa’s unparalleled luxury to the Middle East.  Handcrafted by master craftsmen, M-Luxury Chair is a hallmark of the best from Africa; its unique design is a pinnacle of luxury, built to perfection using century old techniques and the world’s famous hardwood Pterocarpus angolensis and Mninga.  Emanating power and wealth, the iconic majestic chair is lush of comfort and timeless grandeur, inspired by ancient throne of tribal kings. Encrusted with Tanzanite, a priceless, ageless and rare gemstone only found in Tanzania, this limited edition of only 20, masterpiece and comes with authenticity certificate.

  • Mountain View announces inaugural participation in the International Property Show 2018

    With the rapid expansion of the Egyptian real estate market in recent years, drawing in investments from the world over, the diverse landscape of the country has been put on the global industry map.  To further support this, Mountain View - which forms part of the Dar Al Mimar Group (DMG) - will showcase its unique offering at the 2018 International Property Show (IPS) for the first time this year.

  • NEC brings perfection to digital signage with new P and V Series powered by Raspberry Pi

    NEC Display Solutions Europehas launched the P and V Series, a range of professional MultiSync® large format displays for digital signage as well as presentation use. The new displays support the NEC Open Modular intelligence (OMi) platform, enabling the creation of tailor-made solutions for signage. Scalable computing power such asRaspberry Pi compute modules or Open Pluggable Specification (OPS) Slot-in PCs can be seamlessly embedded into the displays to create a fully integrated solution.

  • NEC Display Solutions partners with Canonical and Screenly on Ubuntu Core-based digital signage platform

    NEC Display Solutions Europetoday announced a collaboration with Canonical, the company behind Ubuntu Core and Screenly, the leading digital signage software solution for Raspberry Pi. This is one of several partnerships NEC has made with digital signage software companies leveraging Raspberry Pi as part of their digital signage solution. The joint collaboration facilitates an innovative digital signage solution which uses NEC’s P and V Series 40–55 inch large format displays and modular Raspberry Pi Compute Module 3 (CM3) to deliver high impact visual content in an integrated package for professional AV applications.

  • Omran Appoints Peter Walichnowski as new CEO

    The board of directors for Omran have announced the appointment of Mr. Peter Walichnowski as Chief Executive Officer.

  • Patrick Huey Joins MSpa International as Group Director of Spa – Asia

    From L.A. spa receptionist to global industry thought leader, Patrick Huey’s rise to the top has been anything but conventional. Currently on the Board of Directors of the prestigious International SPA Association (ISPA), Patrick joins Minor Hotel’s MSpa International in Bangkok from the Caribbean.