Authors Posts by BenArmani

BenArmani

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The American stock market has been hitting historic highs since 2016, and has started 2020 with new records. On Jan. 9 Donald Trump, who often boasts of the impact of his presidency on stock markets, tweeted: https://twitter.com/realDonaldTrump/status/1215299143066947584?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1215299143066947584&ref_url=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fpresident-donald-trump-youre-doing-it-wrong-if-your-409k-is-up-only-50-2020-01-09 Trump’s comment suggests anyone whose retirement investments didn’t go up more than 50% is investing poorly, therefore not benefiting from the market’s growth. But...
FROM OUR OBSESSION Because China Even small changes in China have global effects. From a distance, China looks like a gold mine to international fashion companies. Last year, China became the biggest retail and fashion market in the world, according to estimates, and its growth isn’t even close to finished. But connecting with Chinese shoppers often requires a very different set of tools than US and European...
The world’s richest man believes the 21st century will be the century of India. But one of India’s most prominent business leaders thinks the country’s small- and medium-sized companies will have to earn that for themselves. Yesterday (Jan. 15), Amazon founder and CEO Jeff Bezos predicted that “this century is going to be about the alliance between India and the US, between the world’s...
Qatar's foreign minister met his Iraqi counterpart in Baghdad for talks on easing tension and respecting Iraq's sovereignty after attacks by the US and Iran on Iraqi soil brought the region to a brink of war. Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani met Mohamed Ali Alhakim on Wednesday in Baghdad and was expected to meet the speaker of the parliament, the president...
Egypt started importing natural gas from Israel's largest offshore gas field Leviathan on Wednesday in a landmark step toward Cairo's ambitious plan to become a regional energy hub. Israeli gas exported to Egypt is intended for domestic consumption and for liquification for export to other markets - a development that will be welcomed by Europe, which is trying to lessen its...
Qatar Airways Chief Executive Officer Akbar Al Baker said a surge in sales and a higher load factor will narrow losses for the fiscal year ending in March. “Our losses are half of what we budgeted,” Al Baker said at a media briefing in Kuwait on Wednesday. Cost-cutting and “being very aggressive in the way we sell” has allowed the...
Lebanon's caretaker finance minister has asked the country's central bank governor to hold off on selling Eurobonds due to mature in 2020 and using the proceeds to buy bonds that mature later, after ratings agencies warned the proposed swap could constitute a "selective default", a source familiar with the matter told Reuters News Agency on Wednesday. The central bank has proposed...
Japan has confirmed the first case of infection from the new coronavirus that been reported in China, the health ministry announced on Thursday. A man in his 30s from Kanagawa prefecture, southwest of Tokyo, tested positive, the ministry said. The man had been to the Chinese city of Wuhan, where there has been an outbreak of pneumonia believed to be caused by the...
Japan's popular environment minister said he will take paternity leave when his first child is born later this month to be a good example for working fathers in Japan, where men are largely absent from child-rearing. Environment Minister Shinjiro Koizumi said on Wednesday he will take two weeks of leave over three months on the condition it would not affect...
Exploitative employers in the United Arab Emirates (UAE) are increasingly using tourist visas to hire Indian nationals in a scam that leaves migrants open to labour abuse, police and activists said. Indian migrants on visit visas - quicker and cheaper to obtain than work permits - are wary of reporting exploitation on the job for fear of revealing their illegal status, they...
The articles of impeachment charging US President Donald Trump with abuse of power and obstruction of Congress were delivered to the Senate on Wednesday, setting in motion a historic trial that threatens his removal from office. Republican Senate leader Mitch McConnell announced that the articles would be formally read to the chamber on Thursday at noon (17:00 GMT), after which Supreme Court...
Russia's parliament will begin reviewing President Vladimir Putin's nomination of a little-known tax chief as the country's new prime minister on Thursday after his announcement of a sweeping constitutional shake-up fuelled speculation he plans to extend his hold on power. The lower parliament, or State Duma, which is overwhelmingly loyal to the Kremlin is likely to approve Mikhail Mishustin for the role,...
Global technology leader Xiaomi hosted a roadshow for smartphones and Eco products in Qatar last week. During the event, Intertec Group announced the “world’s first-ever” 108MP penta-camera smartphone, Mi Note 10 Pro, and demonstrated the range of Xiaomi Eco products. The Mi Note 10 Pro smartphone features a penta camera, making it an “ideal companion for photographers, gamers and anyone...
The Museum of Islamic Art (MIA) hosted the opening of Ektashif – an exhibition which brings together seven Qatari artists and reflects their experiences after a 10-day trip to India. As part of the recently concluded Qatar-India 2019 Year of Culture, Abeer al-Kuwari, Eman al-Saad, Haifa al-Khuzai, Jameela al-Ansari, Maryam al-Sada, Maryam al-Majed and Shaikha al-Kuwari spent 10 days in...