May, 2017

• 15 May

  Abu Dhabi Airports wins three awards

  Abu Dhabi / Emirates Business At a ceremony held in Abu Dhabi by the Chartered Institute of Procurement and Supply Awards, Abu Dhabi Airports’ Procurement and Logistics Department has won three prestigious awards: Best Supplier Relationship Management; Most Innovative Use of Technology; and Acting Chief Support Officer, Saeed Al Zaabi was named ‘CIPS Procurement and Supply Professional of the Year.’ ...

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• 15 May

  A survival guide to abuse of power

  

  On Tuesday night, a few hours after President Trump’s sudden announcement that he was firing FBI Director James Comey, a prominent Republican politician gave me this simple, blunt assessment of the Trump White House: “These guys scare me.” Trump’s impulsive, vengeful decision to dump Comey has scared a lot of people. It suggests a pent-up anger and lack of judgment ...

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• 15 May

  Price-to-truth ratio shows India’s banks are turning Chinese

  

  The investment metric on which Indian banks appear most eager to ape their Chinese peers is the price-to-truth ratio. While investors know better than to take the People’s Republic’s published bad loan ratio of 1.74% at face value, they have been reasonably certain that Indian lenders are more honest, following a 2015 review of asset quality by the central bank. ...

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• 15 May

  London after Brexit isn’t just about jobs only

  Britain’s new relationship with the European Union is still a long way from being settled, but Brexit has started a process that is bound to hurt the City of London. Earlier this month, the European Commission launched a review of the rules governing one of the City’s lucrative lines of business — the clearing of derivatives denominated in euros. The ...

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• 15 May

  Nuclear-capable N Korea is in nobody’s interest

  North Korea test-fired yet another ballistic missile on Sunday in a stark defiance of United Nations sanctions and US warning that a policy of patience was over. It was a new ground-to-ground medium long-range strategic ballistic rocket Hwasong-12. It came days after South Korea’s newly elected president Moon Jae-in vowed to engage with North Korean leader Kim Jong-un. The missile ...

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• 15 May

  Don’t expect the next generation to save liberalism

  

  At a victory rally for France’s young new President Emmanuel Macron outside the Louvre last week, I was struck by the generational gap between the candidate and his most animated supporters. Most younger people in the crowd looked relieved but far from overjoyed; the most visibly enthusiastic among them were of West African or Arab descent. And when Macron took ...

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• 15 May

  Hyperactive bond markets hit a bump

  

  It was fun while it lasted. For a few quarters, it seemed as though the bond-trading business was back in force, with trading volumes accelerating to records on the heels of a flood of new debt sales and more uncertainty about the US economy. Most of the big US banks enjoyed better-than-expected earnings in the first three months of the ...

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• 15 May

  Brace for chaos if US expands airline laptop ban

  

  The trans-Atlantic flight could soon become a gadget-free zone if U.S. officials press forward with a security ban on laptop computers and other larger electronic devices on airline flights from Europe. Carriers are bracing for operational chaos at European airports after the Department of Homeland Security said last week it might expand to Europe a ban imposed in March on ...

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• 15 May

  Mother of the UAE chosen as Person of the Year 2017

  

  Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood ‘Mother of the UAE’ was chosen as the Person of the Year 2017 by the Khalifa International Award For Date Palm And Agricultural Innovation. This was announced during ...

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• 15 May

  UAE gets IMO council membership

  Abu Dhabi / WAM The UAE was nominated as a member of the council of the International Maritime Organisation (IMO), which will be elected during the organisation’s 30th general assembly held from November 24 to December 5, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of Federal Transport Authority – Land and Maritime, announced on ...

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