July, 2016

• 12 July

  Bahrain ranked high in network connectivity

  

    Manama / TNS Bahrain is among the most connected nations in the world, ranking among the top three in the GCC and 30 worldwide for its ability to use information and communication technology (ICT) to boost competitiveness. It was placed third among Arab nations and 28th in the world in the Networked Readiness Index (NRI) of the Global Information and ...

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• 12 July

  Kuwait’s exports at KD19mn in April

    WAM Kuwait’s exports totaled about KD 19 million in April, with 75 percent (KD 14 million) going to Arab states and 25 percent for the rest of the world, according to a report by Kuwait’s Ministry of Commerce and Industry. According to Kuwait News Agency, (KUNA), Iraq had the biggest share of Kuwaiti Arab exports with 81 percent (KD ...

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• 12 July

  Saudi Arabia’s Wadi Hanifa rebounds as a tourist spot

  

    Jeddah / TNS The Eid Al-Fitr holiday is not only a great occasion for refreshing one’s faith and social relations, but is also a good length of time for Saudis and expatriates alike to take an extended holiday in which they can spend quality time with family and friends. At this time of year, a major attraction in the capital ...

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• 12 July

  Brexit political chaos matters more for EDF than pound slump

  

    Bloomberg The political chaos since the U.K.’s vote to leave the European Union should be more of a concern for Electricite de France SA’s £18 billion ($23 billion) Hinkley Point nuclear power project than the slump in sterling. The drop in the pound to a three-year low against the euro will shave just a small fraction off the anticipated ...

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• 12 July

  German bonds fall as UK political clarity reduces haven demand

  

    Bloomberg German government bonds fell for a second day as greater political clarity in the U.K. and the prospect of a boost to monetary stimulus globally supported stocks and reduced demand for the safest assets. Yields on the nation’s 10-year bunds, the euro zone’s benchmark government securities, climbed to the highest in a more than a week — days ...

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• 12 July

  Italy beats Brexit as private equity strategy, says Patron

    Bloomberg A flood of soured assets will come on the market in Italy if a referendum to overhaul the political system is approved in the autumn, said Keith Breslauer, founder and managing director of Patron Capital Partners. “The opportunity in Italy is far greater” than in the U.K. after it voted to leave the European Union, Breslauer said in ...

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• 12 July

  Daimler rises as profit surprises & Mercedes sales lead

  

    Bloomberg Daimler AG rose the most in three weeks after the company solidified its lead in the luxury-car market and said it’s confident of reaching this year’s underlying profit goals, despite more than 1 billion euros ($1.1 billion) in one-time costs in the second quarter. Adjusted earnings before interest and taxes rose 5.6 percent to 3.97 billion euros in ...

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• 12 July

  Japan election results: It’s the economy, Abe

  

    Prime Minister Shinzo Abe surprised no one when he led his Liberal Democratic Party (LDP) to victory in the Upper House elections on July 10. His party won 56 seats, and together with the Sokka Gakai-backed Komeito party, which won 14 seats, the Osaka Ishin no Kai, which won seven seats, and the Party for Japanese Kokoro, which did ...

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• 12 July

  The other lesson Singapore can learn from Brexit

  

    While some have been shocked by the result of the British referendum to decide whether the state either remains or leaves the European Union, all can agree that what has been even more surprising and discomforting have been both the open displays of xenophobia and the spike in hate crimes against migrants and minorities. The Leave campaign leading to ...

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• 12 July

  BOE discusses risks of lowering banks’ buffers

  

    Bloomberg Bank of England financial-stability officials discussed the risk that freeing UK banks to lend more may prompt them to reward investors instead. In the record of meetings held in the wake of Britain’s vote to leave the European Union, the Financial Policy Committee — lead by Governor Mark Carney — said the stability-risk outlook had “materially changed” and ...

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