World News

  • New keywords in the tourism industry: “Bay tourism, the most beautiful bays, 10 islands”

    In response to the global trend of sustainable tourism, the Tourism Bureau of the Ministry of Transportation and Communications is promoting the "Tourism 2020 - Taiwanese Sustainable Tourism Development Program" and designating main themes for each year from 2017 to 2020. Among them, the year of 2018 has been designated as the Year of Bay Tourism. Six cities and counties and 10 islands with island resources have been designated as pilot sites. Among those designated are three islands in Taiwan’s Penghu archipelago: Qimei, Yuweng and Jibe. The goal of the program is to encourage tourists to explore Taiwan’s 10 major islands, develop island eco-tourism, and spread appreciation and awareness among locals and tourists about protecting marine ecology.

  • ‘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.

  • 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.

  • 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.

  • A Muslim-Friendly Mountain Retreat -- The Alishan National Scenic Area

    In 2017, the Chiayi Forest District Office under the Forestry Bureau declared that the Alishan National Forest Recreation Area had opened its first ever prayer rooms for its Muslim visitors. 2500 meters above sea level, Taiwan makes this scenic tourist spot more accommodating for the increasing number of Muslim visitors from all over the globe. 

  • 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.

  • Angela Merkel's three options

    German chancellor Angela Merkel has failed to build a new government after coalition talks broke down Sunday. The Free Democratic Party made the decision to leave as the strategy paper tabled left its members feeling compromised on issues ranging from refugees to the environment and energy.

  • 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.

  • As part of the Saudi Crown Prince's visit to the United States SAMI organizes defense conference under the theme 'Reinforcing Partnerships, Creating Value' in Washington D.C.

    Organized by Saudi Arabian Military Industries (SAMI) in collaboration with the U.S.-Saudi Arabian Business Council, the Defense Technology and Security Conference concluded its sessions with the participation of more than a dozen high-profile speakers and over 100 industry leaders, advisors, regulators, and influencers who have come to discuss and learn more about Saudi Arabia's vision and strategic outlook in developing its defense industry with a special focus on technology and security as the two main components of the program.

  • 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.

  • Beginning of summer holidays’ season expected to have its effect on trading activities in the region – Al Masah Capital Weekly Investment report

    Global markets ended last week on a positive note despite the continuation  of trade tension between the US and China that are still dominating headlines,  with oil prices supporting  the week’s upward closure. Brent Crude ended the week at USD75.55 per barrel, up by +2.87% on a weekly basis while WTI jumped to USD68.58 per barrel on Friday, +5.75% W-o-W.

  • 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.