World News

  • Monthly Macro Outlook – September 2016

    “All eyes on central banks in September”

  • New Canada Visa Application Centre for Residents of UAE opens in Dubai

    VFS Global, as part of a contract awarded by the Government of Canada introduced Canada Visa Application Centre (CVAC) services in Dubai for applicants wishing to travel to Canada. As per the contract, VFS Global will establish a robust worldwide network of up to 125 CVACs. This centre is the second such centre in the UAE. Canada Visa Application Services have also been introduced in Oman earlier in March.

  • Nothing will end a strong USD faster than a strong USD

    The US Treasury market set the investment world on edge in early October when long US Treasury yields climbed to new multi-year highs – the US 10-year benchmark cleared 3.13% for the first time in more than seven years, and the big 30-year T-bond yield passed the massive 3.25% yield for the first time since early 2014, a level it had approached on no less than four occasions since late 2016. Driving the move was a spate of strong US data and Federal Reserve chair Jerome Powell suggesting that the Fed funds rate is “nowhere near neutral” in offhand comments. The reactivity of the US dollar to developments in US yields has been an on-again, off-again affair, but a sharp rise in US yields in late Q3, after strong wage inflation data were reported for August, resulted in a weaker dollar for much of September.

  • Oil continues to remain the main driver for regional market performance – Al Masah Capital Weekly Report

    Macro and political news were the main drivers for last week’s Global and regional performance. Dow Jones broke 21,000 points and S&P500 reached its all-time high on the back of a fall in unemployment rates and more job additions.  European markets inched up as well, with optimism about Macron winning the French election.

  • Oil rallies on Opec compromise; Metals challenged by dollar and trade war

    The Bloomberg Commodity Index has seen its year-to-date gains disappear following four weeks of heavy selling. The broad-based index, which tracks 22 major commodities evenly split between energy, metals and agriculture, has been hurt by a stronger dollar and trade war angst as well as expectations that Opec+ will increase production in order to cap crude oil’s upside.

  • Oil remains fragile, gold survived another rate hike

    Commodities found a bid for the first time in five weeks, with gains primarily driven by industrial and precious metals in a week punctuated by a US interest-rate rise.

  • Oil tanks while US midterm theatre reaches financial markets

    Global stock markets bounced and the dollar weakened following comments from President Trump that trade discussions with China were “moving along nicely” and after he supposedly, and later denied, ordered a draft of a US-China deal. Commodities struggled despite the weaker dollar with crude oil heading for its worst week since February in response to rising production and a potential lower-than-expected Iran sanctions impact.

  • Opening of new Salalah Airport promises boost in tourism, air traffic and connectivity expansion throughout the region

    The new Salalah Airport, which commenced its operations last June 15, 2015, is an expansive infrastructure project that features state-of-the-art technology with the chief objective of improving air traffic movement, provide greater connectivity throughout the region and facilitate easier access to Salalah, especially to the Dhofar region. The opening coincides with the ‘Khareef’ season in anticipation of the large influx of visitors who will arrive for the busiest tourist season in the region.

  • Owner/Operator Program – A Pathway for Permanent Residency of Canada for Business Persons & Investors

    Canada is a sought-after destination for investors, business persons and senior management professionals. Pulsating economy, high employment rate, relaxed immigration rules, faster visa processing are just some of the features of Canadian immigration. For all those who are looking to settle down and invest in Canada have the excellent lifetime opportunity to invest in some of the best sectors through the Owner/Operator Program.

  • Post-Brexit world will only be disastrous if we let it Opportunities bring optimism, says LBS expert

    Low taxes, low regulation and skilled labour will ensure the UK retains its position as an attractive business and financial centre in a post-Brexit world, according to a London Business School expert.

  • Precious metal rally resumes while oil falters

    The Bloomberg Commodity Index (BCOM) was lower for a second week, with losses seen across all sectors apart from precious metals. The index, which tracks a basket of major commodities across energy, metals and agriculture, has returned to a flat performance on the year.

  • Precious metals see continued demand

    Gold and silver remain two of the "winners" in the aftermath of the Brexit vote last Thursday. Support from negative bond yields and an increasingly dovish Federal Open Market Committee was already firm before the vote. 

  • PREVENA™ Incision Management System Shown to Reduce Incisional Pain and Associated Narcotic Use Among Obese Study Patients Undergoing Cesarean Delivery

    Recent results published in the American Journal of Perinatology demonstrated the reduction of post-surgical wound complications in obese patients undergoing cesarean delivery with closed incision negative pressure therapy (ciNPT) using the PREVENA™ Incision Management System. The paper titled, “Closed-Incision Negative-Pressure Therapy in Obese Patients Undergoing Cesarean Delivery: A Randomized Controlled Trial,” found that patients had a significant reduction in post-operative pain and narcotic use and experienced reduced surgical site occurrences (SSOs) when receiving ciNPT compared to standard-of-care (SOC) dressing.

  • PUTIN ANNOUNCES THE 2019 GLOBAL MANUFACTURING AND INDUSTRIALISATION SUMMIT IN RUSSIA

    The Global Manufacturing and Industrialisation Summit (GMIS) – the pioneering cross-industry forum that aims to unify the world in shaping the future of manufacturing – announced that Russia has secured the rights to host its second edition in 2019 in the city of Yekaterinburg.

  • Q1 2017 Quarterly Outlook: Risky Rollercoaster

    From intense speculation on how US policy will take shape under President Trump to EU existential questions in a busy election calendar for Europe, currency traders have a veritable laundry list of urgent questions for the year ahead.

  • Q1 2017 Quarterly Outlook: The 1970s all over again

    The direction of the US dollar is the key question for 2017 because a currency that is up 20% over the past year will trigger a reaction, and the incoming Trump administration can be expected to jettison the more than 20-year-old dogma that a strong dollar is in the US’ interest.

  • Quarterly Outlook: Queasy and uneasy

    In many ways, Q3 felt like a collective holding-of-the breath in markets as asset markets and currency volatility largely died down during the quarter, even after the Brexit vote rocked the financial world near the end of Q2.

  • Ramazan in Istanbul…An Iftar to Remember

    Ramadan a magical time for the Muslim world. Travelers looking for a truly authentic Muslim cultural experience know that Ramadan is the month to soak in traditions and seasonal cultural happenings, including succulent food. Spending time is Turkey during Ramadan is a top choice for cultural travelers.

  • Record start to the year for Cyprus tourism arrivals

    Ahead of the expected peak summer season, the idyllic Mediterranean island of Cyprus has celebrated record tourism arrivals for the first four months of the year, representing an increase of 19.5 per cent compared to January – April 2017.

  • Red Sea Housing appoints new CFO

    Red Sea Housing Services Company (RSHS), has announced the appointment of Mr. Prabhakar Kesavan as its new Chief Financial Officer (CFO). In his new role, Mr. Kesavan will oversee the finance, accounting, tax and treasury departments of RSH’s Industrial Housing, Building Materials, and Affordable Housing platforms.

    Based on his 25 years of professional experience in finance, Mr. Kesavan was selected from a comprehensive list of distinguished global peers by RSHS’s senior management team and the Nomination and Compensation Committee of the company's Board of Directors. In his current capacity as Group CFO, he will collaborate in delivering RSH’s 2020 Growth Strategy.