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Last Build Date: Thu, 27 Oct 2016 14:54:09 +0000


Saudi Arabia suspending local bond issues after overseas success

Thu, 27 Oct 2016 14:13:09 +0000

Saudi Arabia’s government does not plan to make its usual monthly issue of local currency bonds in October because of its success last week in raising money overseas, the Maaal financial website quoted unnamed sources as saying on Thursday. The suspension of domestic issuance could, temporarily at least, ease upward pressure on Saudi money market […]

What Samsung lost after Galaxy Note 7 debacle

Thu, 27 Oct 2016 14:11:51 +0000

* Samsung’s Q3 operating profit fell by 30 per cent KRW5.2 trillion vs. KRW7.3trn in Q32015 * Mobile operating profit tumbled 96 per cent to KRW100 billion * Net profit fell by 16.8 per cent to KRW4.54trn   The world’s largest Smartphone maker, Samsung Electronics Co., said on Thursday that its operating profit in the […]

Business, government leaders urge closer attention to corporate governance

Thu, 27 Oct 2016 13:33:41 +0000

INSEAD’s sixth edition of the Global Business Leaders Conference was held at the St. Regis Saadiyat Island Resort, Abu Dhabi on Monday, bringing together leaders from the private and public sector to discuss the growing significance of corporate governance. The event was presented under the patronage of H.E. Sheikh Sultan bin Tahnoun Al Nahyan, Member […]

The “Business Pledge”: Is your firm on board for sustainability?

Thu, 27 Oct 2016 12:29:27 +0000

Multinational, regional and local businesses seem to be looking to enhance their corporate governance standards and be more inclusive. This desire materialises in actions they take to enhance their corporate social responsibility, maybe even through appearances and talks at various forums. However, the intentions of these businesses are now facing a test. Pearl Initiative, a […]

Oil up over $50, US inventory drop balances OPEC doubts

Thu, 27 Oct 2016 12:07:31 +0000

* OPEC supply cut plan faces growing challenges * U.S. crude, product inventories fall * Violent protests spread in Venezuela   Oil edged above $50 a barrel on Thursday as a further drop in U.S. crude inventories countered investor doubts that OPEC will be able to implement a production cut. Crude inventories posted an unexpected […]

9 major changes that could happen if Trump wins

Thu, 27 Oct 2016 11:50:33 +0000

* Donald Trump goes up against bitter rival Hillary Clinton on November 8 * Trump’s campaign soured by allegations of misogyny and bullying * Trump’s appeal lies with disaffected classes angry at social contract breakdown * Domestic and foreign policy strategies lack detail * There are a number of scenarios that could arise from a […]

Daily brief: Top 7 business stories you need to know today

Thu, 27 Oct 2016 06:34:18 +0000

Here are the top seven business stories you need to know today. Pearl Initiative returns to Dubai Pearl Initiative, a GCC business-led organisation aimed at creating a vehicle to take a lead in adopting higher standards of corporate accountability, transparency and governance, is back in Dubai for the second consecutive year on Thursday. A regional […]

Led by UAE, MENA economies rise in ease of doing business rankings

Wed, 26 Oct 2016 13:53:51 +0000

Business and legal reforms would give a country an edge over others. This has been proven in the case of the UAE, which announced many sweeping reforms in this year alone. The country’s efforts clearly paid off when it, along with Bahrain, featured among the world’s top ten improvers, based on reforms undertaken, on the […]

New UAE bankruptcy law to boost business confidence, banks’ risk appetite

Wed, 26 Oct 2016 13:36:49 +0000

* President Sheikh Khalifa issued the Law Decree No. 9 for 2016 on bankruptcy * Creditors can launch insolvency case if debts of AED100,000 or more are unpaid for more than 30 days * UAE first to introduce bankruptcy law in GCC, Saudi Arabia pursuing similar legislation   In the past, if you ran a […]

Security check: Amnesty ranks the safest messaging apps

Wed, 26 Oct 2016 11:34:13 +0000

Which messaging app is considered the safest to use or guarantees the most privacy? Amnesty International tried to answer that question by assessing 11 companies that run “the world’s most popular messaging apps” – including Apple, Google, Facebook, Skype, Snapchat and others. Here is the outcome:   Facebook: 73/100   Facebook runs two very popular […]