Archive for: usa

The Syrian Tunnel and the Hijacked Spring

The Syrian Tunnel and the Hijacked Spring

The Syrian tunnel and the Spring When the first spontaneous explosions of the Arab democratic revolutions erupted in Tunisia in December 2010, many were hoping that this revolt might usher in a new beginning for the whole region. When Egypt joined Tunisia a few weeks later, hopes mounted and everyone […]

 
 

Defence Outlays Decrease Globally, Spike in Middle East: SIPRI Survey

Defence Outlays Decrease Globally, Spike in Middle East: SIPRI Survey

Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly carried out, but are carefully applied strategies that are subject to […]

 
 

Gold Demand Soars in Asia: WGC Expects Positive Trends to Continue

Extraction and production of the precious yellow metal gold by Turkey has increased by 43% to 24.4 tonnes in 2011 compared from a year ago. Photo - Reuters

Gold – the yellow metal that’s as priceless as the word can imply. Everyone wants to own gold, wants to buy it as an investment for the future. But not many do manage to invest in gold thanks to its ever-increasing prices. And the ones who do are quite careful […]

 
 

Shocking Report Unveils Disturbing Facts about Women Media Professionals: IWMF Study

Shocking Report Unveils Disturbing Facts about Women Media Professionals: IWMF Study

IWMF and INSI conducted a study about women media professionals bringing out shocking results about working conditions in terms of their safety and security. As much as talks about equality of women in the professional world carry and rage on with fervour, there’s one significant aspect that needs to be […]

 
 

The Mirror Effect: U.S. and China

The Mirror Effect: U.S. and China

Ever since the Cold war ended, there has been a tentative and indecisive power structure reigning over the world. With the U.S. learning to walk without a substantive nation-state enemy, it was establishing itself as the new unipolar world power capable of taking control of entire political, social and economic […]

 
 

The Asian Bond Bubble

The Asian Bond Bubble

There is a strong sentiment being felt in the market right now which says that as credit markets in the West see an outflow of funds due to deepening eurozone crisis and a floor on the interest rates, more and more funds are being directed to the Asian bond markets. […]

 
 

Dodd Frank faces fresh opposition

Dodd Frank faces fresh opposition

The Dodd-Frank Act was a bill introduced in light of the global financial crisis in order to reign in or at least have a supervisory authority over the financial industry to keep a close eye on the activities and limit trading which could cause another crisis down the line. In […]

 
 

Middle East Business News Review – 13 November

Middle East Business News Review – 13 November

Today’s top business and economy news from the Middle East and North Africa: UAE’s First Gulf Bank inks $900m loan deal First Gulf Bank, the second-largest lender by market value in the UAE, has signed a three-year $900m loan with a group of international lenders, the bank said in a […]

 
 

The Dark Knight of High Frequency Trading

The Dark Knight of High Frequency Trading

The technological glitch at Knight Capital Group was not the first time that technology had reared its ugly head in trading and led to massive fluctuations in different stocks. Before that it was the flash crash of May when billions were erased from the Dow Jones index that was corrected […]

 
 

Middle East Business News Review – 12 November

Middle East Business News Review – 12 November

Today’s top business and economy news from the Middle East and North Africa: Dubai sees no need to recapitalise support fund Dubai sees no need to recapitalise the financial support fund which provides aid to indebted state-linked companies, Sheikh Ahmed bin Saeed al-Maktoum, the head of the emirate’s Supreme Fiscal […]

 
 

US to become world’s top oil producer by 2017 – IEA

US to become world’s top oil producer by 2017 – IEA

Forecasts by the International Energy Agency (IEA) on Monday said the United States will overtake Saudi Arabia and Russia as the world’s top oil producer by 2017. The Paris-based energy organisation predicted that Washington will come very close to achieving a previously unthinkable energy self-sufficiency. The latest report comes in stark […]

 
 

Fiscal Cliff Solution: Easier Said Than Done

Fiscal Cliff Solution: Easier Said Than Done

One does not need to be the Fed Chairman or even have a doctorate in economics to know that the fiscal cliff is going to be bad. The simultaneous rise in taxes and the fall in government spending will have multiple effects on the economy and both will dry up […]

 
 

Middle East Business News Review – 8 November

Middle East Business News Review – 8 November

Today’s top business and economy news from the Middle East and North Africa: Emirates to buy 100 777s if Boeing builds new model Emirates, the world’s largest airline by international passenger traffic, is likely to order 100 planes or more from Boeing if the plane manufacturer upgrades the design of […]

 
 

Iran might reduce oil exports in response to tightening Western sanctions

Iran might reduce oil exports in response to tightening Western sanctions

The Iranian parliament’s Energy Commission is set to announce new measures that will reduce the country’s crude exports to deflect Western sanctions on the oil sector, Fars news agency reported Thursday. The directives of the bill are part of Iran’s initiatives to slash crude exports to almost 77% in the […]

 
 

The US Debt Ceiling and Presidential Election 2012

The US Debt Ceiling and Presidential Election 2012

Last August, America faced one of the most difficult decisions it has had to make regarding its financial history. Throughout its history, America has had been to wars, faced depression and hardships but never its financial viability had been in question. This security made the country certain and secure in […]

 
 

Middle East Business News Review – 1 November

Middle East Business News Review – 1 November

Today’s top business and economy news from the Middle East and North Africa: Dubai’s bullish economic growth bears new risks: Citigroup report Citigroup’s chief economist for the Middle East said in a study published on Wednesday Dubai’s exposure to world economy bears downwards risks despite outperforming Abu Dhabi and other major […]

 
 

Pentagon awards Jordan air force control system contract to Lockheed Martin

Pentagon awards Jordan air force control system contract to Lockheed Martin

Lockheed Martin announced it has been awarded a $26 million foreign military sales contract to modernise the Royal Jordanian Air Force’s national air command, control and communications infrastructure, by the US Air Force. “Lockheed Martin will provide the Kingdom of Jordan with an integrated, real-time air picture across multiple command centers and many […]

 
 

Middle East Business News Review – 29 October

Middle East Business News Review – 29 October

Today’s top business and economy news from the Middle East and North Africa: Top UAE banker says Islamic finance ethical model for global banking A top UAE banker said on Sunday Islamic finance can be an ethical and sustainable business model in the global financial landscape in order to avoid a […]

 
 

Iran sanctions to exacerbate global fuel shortage – US

Iran sanctions to exacerbate global fuel shortage – US

A US Energy Department official said on Sunday that excluding Iran from the global oil market would increase the shortfall between worldwide supply and demand based on September and October production and consumption estimates. According to the department’s Energy Information Administration report released on Saturday, global fuel use averaged 2.4 million barrels a […]

 
 

Middle East Business News Review – 23 October

Middle East Business News Review – 23 October

Today’s top business and economy news from the Middle East and North Africa: Fujairah oil port to become fully operational by year end The Abu-Dhabi – Fujairah pipeline, bypassing the Strait of Hormuz, is expected to be fully operational by the end of the year and will carry Abu Dhabi’s […]

 
 

Chinese, US and Russian rating firms to rival Wall Street Big Three

Chinese, US and Russian rating firms to rival Wall Street Big Three

Chinese rating agency Dagong announced it is tying up with US-based Egan-Jones Ratings Co. (EJR) and Russia’s RusRating JSC to start a new rating agency. The new company called Universal Credit Rating Group will engage in producing responsible and reliable ratings. Egan-Jones Ratings Co. (EJR) was considered as a “nationally […]

 
 

Too Big to Fail – Explained

Too Big to Fail – Explained

The phrase too big to fail did not exist in the world of finance before the 2008 financial crisis. The fact of the matter was that companies and institutions were thought of as being independent and their finances were seen as limited and restricted enough not to overflow its own […]

 
 

Middle East Business News Review – 16 October

Middle East Business News Review – 16 October

Today’s top business and economy news from the Middle East and North Africa: Abu Dhabi included in the Global Cities list The fifth edition of Cities of Opportunity released by Price Waterhouse Cooper and the Partnership for New York City has ranked the city of Abu Dhabi as the 22nd […]

 
 

Middle East Business News Review – 15 October

Middle East Business News Review – 15 October

Today’s top business and economy news from the Middle East and North Africa: UAE records $9.9bn fiscal surplus in 2011 The United Arab Emirates’ finance ministry said on Monday the state recorded a budget surplus of AED36.2 billion ($9.9 billion) in 2011, as it released the data to public for […]

 
 

Iran banking on China to finish metro project

Iran banking on China to finish metro project

An Iranian government official said on Monday China will come to rescue its long-term ally and help complete its $2 billion worth Tehran metro rail project which has been marred by delays due to lack of financing as a result of sanctions. Mohammad Montazeri, deputy managing director, planning & logistics, […]

 
 

US exports to Iran high despite more sanctions

US exports to Iran high despite more sanctions

Despite Washington’s tightening of financial sanctions against Iran, US exports to Tehran rose by nearly a third this year, chiefly because of grain sales, a report revealed on Monday. According to Census Bureau data, US exports hit $199.5 million in the first eight months of 2012 from $150.8 million a year earlier, […]

 
 

Middle East Business News Review – 14 October

Middle East Business News Review – 14 October

Today’s top business and economy news from the Middle East and North Africa: Abu Dhabi posts fastest economic growth in 2011 Data released by the Abu Dhabi government showed on Sunday the capital city’s economy grew 6.8% in inflation-adjusted terms last year, the fastest rate since 2004 and more than double […]

 
 

Iran rejects IEA report; insists oil exports steady

Iran rejects IEA report; insists oil exports steady

Iran’s OPEC governor denied on Saturday the Islamic Republic’s oil exports have declined in recent months. The statement came as a rebuttal to a report released by the International Energy Agency (IEA) that Tehran’s oil income is declining. The IEA report, released on Friday, estimated that Iran’s exports hit a new […]

 
 

Ban on Iran’s natural gas exports to have limited intl impact – US agency report

Ban on Iran’s natural gas exports to have limited intl impact – US agency report

A US report due to be released next week would suggest that a reduction in natural gas exports from Iran would not have much impact on world energy markets but could hurt Turkey and part of Azerbaijan. The Obama administration is going to use the report to broaden sanctions on Iran […]

 
 

Middle East Business News Review – 9 October

Middle East Business News Review – 9 October

Today’s top business news from the Middle East and North Africa: UAE federal budget deficit hits $762m in H1- report The United Arab Emirates’ federal budget deficit has hit AED2.8 billion ($762 million) during the first half of this year, a top finance ministry official was quoted as saying on […]

 
 

Financial alchemy or fraud?

Financial alchemy or fraud?

The creation of Mortgage Backed Securities (MBS) and Collateralised Mortgage and Debt Obligations (CMOs and CDOs) were lauded when they were created. They were based on the basic blueprint of a financial product. It is like having a way to package an old product into a new one so that […]

 
 

High Frequency Trading: Too difficult to rein in?

High Frequency Trading: Too difficult to rein in?

The last few years have seen trading move from minds to machines, from brains to bytes and from calling out orders to typing it in. This would mean that human interaction has been minimised with trading being carried out between terminals and computers rather than people. The pit trading style […]

 
 

Syrians marred by spiralling violence, inflation

Syrians marred by spiralling violence, inflation

Prices of basic foodstuffs and other consumer goods in Syria are spiralling out of control as the government is yet to find practical solutions despite repeated assurances to handle the issue. According to recent official statistics, Syria’s annual inflation hit 36% in July, triggering a price hike in almost all commodities, […]

 
 

Iran opens forex centre to stabilise rial

Iran opens forex centre to stabilise rial

Iran opened a foreign exchange centre on Monday that provides government-subsidised US dollars to import some goods as part of its bid to stabilise its falling currency. The rial’s street value has tumbled by more than half in the last year because of US and European sanctions against Iran’s oil and banking sectors, […]

 
 

Healing the Clash of Civilisations

Healing the Clash of Civilisations

In a world that has become increasingly intolerant, suspicious and viciously hateful of each other, the culmination of events at the US consulate in Benghazi, Libya, and its aftermath is a painful reminder of the fact that mindless acts of violence are observed,so passionately, when borne out of religious conviction. […]

 
 

Middle East Business News Review – 13 September

Middle East Business News Review – 13 September

Today’s top business news from the Middle East and North Africa: Dubai to build its first ‘eco-mosque’ Al Arif Contracting has been awarded the contract for the construction and maintenance of the UAE’s first eco-friendly mosque, and what will also be Dubai’s largest mosque upon completion in 18 months time. […]

 
 

Tunisia banking on US guarantees to secure 2013 borrowing

Tunisia banking on US guarantees to secure 2013 borrowing

Tunisia’s investment and international cooperation minister said on Thursday he expected the US government to guarantee around a fifth of the $2.5 billion the North African state will need to borrow next year. Reuters quoted Riadh Bettaib as saying that Washington has pledged to guarantee a loan worth more than $500 […]

 
 

Abraaj joins hand with US govt to launch $400m Middle East private equity fund

Abraaj joins hand with US govt to launch $400m Middle East private equity fund

Abraaj Capital, a leading Middle East private equity firm, announced it is going to set up a $400m fund to boost small and medium-scale business in the Middle East and North Africa region and has signed a $150m deal with the US government to partially finance the project. The Dubai-based Abraaj […]

 
 

US bank grants $2bn loan to build world’s largest nuclear power plant in UAE

US bank grants $2bn loan to build world’s largest nuclear power plant in UAE

Barakah One Company of the UAE has received authorisation from  the US Export Import Bank for $2 billion in direct loan, to purchase US equipment and construction services, to build one of the world’s largest nuclear power plants in Abu Dhabi. The Export-Import bank stated that it has the backing […]

 
 

US to handout Egypt $1 billion aid – source

US to handout Egypt $1 billion aid – source

A senior US official said on Tuesday the Obama administration is close to a deal with Egypt’s new government for $1 billion in debt relief,  part of its bid to help Cairo shore up its ailing economy. American diplomats and negotiators for Egypt’s new Islamist president Mohamed Mursi – who took […]

 
 
 
 
 

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