World News

  • In 2017: one good and two bad news for the world economy”

    "There are two types of problems in life, political problems that are insoluble and economic problems that are incomprehensible", according to Sir Alec Douglas-Home, who was briefly British Prime Minister in the 1960s. He was not entirely wrong. In recent years, the way in which the financial markets have moved and the emergence of negative rates do not match anything that is taught in the economics textbooks. Fortunately, 2017 should confirm the return to normal that began at the end of this year. That’s the good news.

  • Increased cautiousness from investors will dominate the general sentiments, affecting markets’ directions – Al Masah Capital Weekly Report

    The geopolitical tensions coupled with economic uncertainties were both leading last week’s global and regional performances.  Global markets ended last week in the red after the dropping of “the mother of all bombs” in Afghanistan. 

  • INNSIDE HAMBURG HAFEN LAUNCHES IN CENTRAL HAMBURG

    INNSIDE by Meliá, the urban lifestyle hotel brand by Meliá Hotels International group, has announced the latest addition to its growing portfolio of global properties with the opening of INNSIDE Hamburg Hafen.

  • International investments in France recorded 33,682 jobs created or maintained in 2015

    The “2015 Annual Report: Foreign investment in France. The international development of the French economy” just released results of foreign investment decisions in France and their contribution to the French economy.

  • IRENA & South East European Countries Collaborate to Boost Regional Renewables Deployment

    In a first-of-its kind workshop concluding today in Bucharest, the International Renewable Energy Agency (IRENA) and South East European (SEE) countries agreed to strengthen their collaboration to accelerate renewable energy deployment in the region. The workshop, co-organised with the Romanian Ministry of Energy, convened governments, utilities, regulatory authorities, and other regional energy stakeholders to share best practices and solidify partnerships for future action.

  • IRENA Welcomes Paris Agreement as Strong Enabler for Renewable Energy Action

    International Renewable Energy Agency (IRENA) Director-General Adnan Z. Amin issued the following statement upon the entry into force of the Paris Agreement today:

  • London’s still the go-to place whether its vote ‘yes’ or ‘no’

    It is now upon us Britain decides whether to stay in the European Union, leaving overseas and predominant Middle East buyers wondering what a ‘Brexit’ could mean for the London property market.

  • Lonely Planet declares The Skellig Ring on Ireland’s Wild Atlantic Way one of the top regions in the world for 2017

    The Skellig Ring drive, on the southwestern tip of Ireland’s Wild Atlantic Way, has been named one of the top regions in the world for travellers in 2017. The region receives the accolade in Lonely Planet’s Best in Travel 2017, the highly anticipated collection of the world’s hottest trends, destinations and experiences for the year ahead. The bestselling,travel yearbook from one of the world’s leading travel authorities highlights the top ten countries, cities, regions and best value destinations that Lonely Planet’s experts recommend travellers experience in 2017.

  • Luxury Travel: Indulgent Ireland

    The scenery is enchanting, the culture is captivating, and the people will give you a welcome that will warm your heart. The island of Ireland has a unique appeal, with an incredible myriad of luxury experiences to suit discerning travellers and the choice is ever widening. The island of Ireland is home to luxurious retreats for travellers seeking to indulge in the high life with simply the best of posh getaways.

  • Macro Outlook “Into The Summer Lull…”

    Ahead of summer lull, central bank confusion leads to fresh equity selloff but, in the medium term, macroeconomics and earnings remain supportive of the market.

  • Maldives Welcomes the 1 Millionth Visitor of 2018

    The Maldives warmly welcomes the 1 Millionth Visitor of 2018. At a media event held at Velana International Airport this morning, the 1 Millionth Visitor Mr. Koralp Guner, arrived on Turkish Airlines Flight Number TK730 with his wife for their honeymoon was welcomed by Officials of Maldives Marketing and Public Relations Corporation (MMPRC), together with the Ministry of Tourism and representatives of the Maldives Tourism industry.

  • Markets had a mixed performance with Ramadan in its second week- Al Masah Capital weekly report

    US markets had a positive close for last week, with Dow, Nasdaq and S&P500 reaching their all-time highs, ignoring a recent job report that came below expectations.

  • MD & CEO of DEWA receives Consul-General of Switzerland in Dubai

    HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) welcomed a Swiss delegation headed by Chris Watts, Consul-General of Switzerland in Dubai. The visit enhanced relations to support future cooperation between the two government bodies. The delegation also included Dr. Franco Vigliotti, Dean of EPFL (The Swiss Federal Institute of Technology in Lausanne) Middle East, Satish Adurkar, member of the Executive Committee for the Swiss Business Council in Dubai and the Northern Emirates and Thomas Bohl, Director of Projects, Consulate General of Switzerland in Dubai. Dr. Yousef Al Akraf, EVP-Business Support and VP of Human Resources, DEWA, was also there.

  • Medium term support trend line held - Century Financial Weekly Market Report

    Currencies

    Effects of trade war on Dollar

    The trade war has begun. Starting this Friday, the US has imposed tariffs on Chinese goods worth $34B, with Beijing reacting imposing an equal measure, with tariffs of 25% on a $34 billion list of US goods that includes soybeans, pork and electric vehicles.

  • MENA region’s score in 2016 Global Food Security Index climbs by 0.1 points amid intensified government food security efforts

    Food security has improved across the globe over the past five years mainly due to the rising incomes across countries, general improvement in the global economy, and falling food prices, according to the findings of the 2016 Global Food Security Index (GFSI) jointly released by DuPont, an integrated science company, and the Economist Intelligence Unit (EIU), the research and analysis division of The Economist Group. Over three quarters of the 113 countries in the 2016 GFSI have experienced food security improvements within the same period.  

  • Metals dented by higher yields

    The Bloomberg commodity index traded close to unchanged during the week, with losses in energy and metals offset by a strong rally in agriculture commodities. Rising bond yields in response to recent hawkish central bank communication hurt precious metals from the prospect of rising opportunity costs and industrial metals due to growth concerns as the price of money begins to rise.

  • Mexico ready to score more goals amid a possible trade war?

    There has never been any doubt that Mexico, country of the lucha libre, colorful skulls and chilli, was a tough cookie. However, after several years spent in the shadows of the United States, it is only in the past few weeks we've seen the country emerging as a proud member of the North American Free Trade Agreement as well as a fierce trading partner.

  • Mixed performance by regional markets during the week due to lack of catalysts and profit booking among investors

    With further clarification on the long-awaited tax reforms, US markets reached another record high albeit with a modest increase relative to the previous week. Dow Jones ended the week up 0.98% while S&P500 ended it +0.85%. Crude ended the week slightly below the USD56 mark per barrel, sparing its highly correlated regional markets any aggressive downward movements.

  • Monthly Macro Outlook – August 2016

    • Investors have learnt the hard way that there is no a quiet summer for financial markets. Since the victory of Leave in United Kingdom, the risks have increased considerably. Red warning lights are flashing on the global economy once again. Worldwide PMI surveys show the global economy just had its worst quarter since 2012, the first signs of recession in the United Kingdom are popping up and, moreover, geopolitical risk continues to grow, particularly in Europe. It could be the main driver of the financial markets and the global economy in the coming months.
    • Monthly Macro Outlook – July 2016

      “Central banks ready for anything”

      1. The outcome of the UK referendum will increase volatility in the coming weeks in financial markets and could penalize economic growth if the uncertainty around the UK exit process is not quickly removed. The rapid and efficient actions of central banks, especially the Bank of England and the Swiss National Bank, have helped to stop the panic in the aftermath of the referendum. However, new actions may be needed in case of higher volatility.