World News

  • The Turkish Ministry of Culture and Tourism on airport services' official statement

    In light of recent events in Turkey, below is an official statement issued by the Turkish Ministry of Culture and Tourism on airport services, foreign citizens holidaying in the nation at the time and the functioning of hospitality infrastructure.

  • The US overtakes Hong Kong at first place among world's most competitive economies

    Marking its 30th edition this year, the IMD World Competitiveness Rankings emphasize a long-term trend highlighted in past editions – that the countries on the top of the list each have a unique approach to becoming competitive.

  • Top events to watch the week ahead

    First round of French presidential elections

  • Trading activity will continue to be dominated by the movement in Wall Street - Al Masah Weekly report

    Global markets have witnessed downward pressure throughout the week as investors continued to offload their positions to shift safe haven to minimize the risk of the overall portfolio. The pattern seen in Wall Street led the sentiments across the global markets, which continued to deepen the losses during the week.

  • Trump plan to ignore climate change will run out of gas

    US President Donald Trump has labelled Climate Change a “hoax” and the world is still coming to terms with his executive order last week to overturn predecessor Barack Obama’s environmental measures for the US and cut the Environmental Protection Agency’s (EPA) funding for climate change policies by $100 million.

  • Trump, Opec the key drivers for commodities

    The uncertainty related to the political future of US president Trump and his ability to pass his growth-friendly agenda continues to impact global markets. The latest storm engulfing his presidency was triggered by the sacking of FBI head Comey and the subsequent appointment of a special council to investigate potential links between Trump's presidential campaign aides and Russia.

  • Trump’s new tariff proposal hits equities; Dollar strengthens on upbeat Fed

    Trade concerns between the world’s largest two economies returned to haunt markets on Thursday after President Trump ordered his administration to consider more than doubling previously proposed tariffs on $200 billion worth of Chinese goods. The new proposed tariffs of 25% dragged Asian equities heavily during morning trade, sending the Hang Seng Index to its lowest level since September 2017. China’s CSI 300 and Shanghai Composite both fell more than 2.5%, while the Yuan continued to trade near its one-year low. 

  • Trumponomics and Opec remain key commodity drivers – #SaxoStrats

    The Bloomberg Commodity Index is currently up 12% in 2016 and it remains on track to record its first year of gains since 2010. All sectors apart from agriculture are showing gains of more than 10% with industrial metals on top having returned more than 25%.

  • Turkish crisis spreading into other markets

    The Turkish Lira resumed its drop early Monday touching a new record low of 7.21 per dollar before recovering slightly during Asia trade. Comments from President Recep Tayyip Erdogan and Finance Minister Berat Albayrak over the weekend that a plan would be revealed today to calm the markets failed to restore confidence. 

  • Turkish Ministry of Culture and Tourism Official Statement

    The state of emergency which has been declared in 21st July and will last for 3 months is a set of measures that will be applied within juridical boundaries and were made to allow the state to increase security measures to struggle against threats to the rights and freedoms of the citizens.

  • UAE Drives Global Free Trade Zone GDP Doubling to USD 117 Billion

    The UAE’s free trade zones are using advanced information management tools to drive the doubling of the global free trade zone GDP, experts announced today.

  • UAE EXPATRIATES TURN AWAY FROM US DOLLAR INVESTMENT AS AMERICAN ELECTION LOOMS

    UAE expatriates are starting to move away from investments in US Dollars (USD) as the American Presidential Election draws closer.

  • UAE's Bin Sulayem First Kimberley Process Chair to Meet President of Ghana in Accra

    As part of his Africa Initiative the UAE KP Chair was received by the President of Ghana H.E. John Dramani Mahama.

  • UK economy to face uncertainty for at least two years

    The cloud of uncertainty hanging over the British economy won’t lift until March 2019 at the earliest, according to Linda Yueh, Adjunct Professor of Economics at London Business School.

  • Victoria Falls and beyond: A Zambian Adventure

    Avani Hotels & Resorts has launched the fifth instalment of the #AvaniMe YouTube series, this time starring South African musician, TV host and actor Kat Sinivasan on an action-packed 24-hour adventure through Livingstone in Zambia. Every #AvaniMe episode aims to inspire travellers to visit Avani destinations, and the latest is no exception, highlighting the unmissable natural and cultural wonders surrounding the world’s largest waterfall (www.avanihotels.com/en/me/24hrswithme).

  • Washington gridlock won’t change late-cycle realities

    Savvy investors have spent a sleepless night as the results of the US midterm elections rolled in. The Democratic Party worked tirelessly to win the House, and today they claim victory; the outcome, however, will be government gridlock. But will these results change the cyclical course of the financial market? It’s unlikely.

  • WCU: Commodities fixated on Trump, Iran and dollar

    The performance across key commodities remains solid so far this quarter. Trade and geopolitical tensions, together with a stronger dollar, have nevertheless helped create a challenging market through which to navigate. As an overall factor we have seen the rising dollar create some headwind, not least for precious metals. The combination of an elevated speculative dollar short and euro longs helped trigger renewed buying of the dollar in recent weeks. The short-covering rally, which to a certain extent has been driven by rising yield differentials to other currencies, has seen the greenback recover most of its 2018 losses.

  • Weekly Bond Update: Greece contemplating a comeback

    The saga of the Greek debt crisis has been a recurring theme in financial markets ever since the debt problems first surfaced and led to the initial bailout in 2010. On several occasions since, it has threatened to shake up the monetary union, posing a constant threat to financial market stability in Europe.

  • What does the Bank of England base rate cut mean for expats?

    The Bank of England has cut the base rate for the first time in over seven years, reducing it from 0.5% to a historic low of 0.25%. Consequently, this means a big impact for savers including the retirement plans of millions of GCC expats.

  • What does the Polish upgrade say about EM?

    Summer is clearly coming to an end. In the Nordic countries, the days are shorter, the breeze is a few degrees colder, and in Denmark people are lighting candles to ensure a hyggelig autumn.