Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bloomberg, the markets data and media service, is facing widespread issues that are preventing traders from accessing live pricing and disrupting an auction of UK government debt.Users on Wednesday morning complained that the $28,000-a-year Bloomberg terminal service was running with significant delays and that the absence of live pricing was preventing them from carrying out trades.Traders and investors have become highly reliant on the company’s distinctive black and orange terminals in the 35 years since it was founded by billionaire Michael Bloomberg.…

Image credit: Getty Images Kuwait-based Al Ojairi Scientific Center announced that the first crescent of Dhul Hijjah will be sighted astronomically on May 28, with the Day of Arafah falling on June 5 this year, according to a report by Arab Times Online. Read-Kuwait announces Eid Al Adha holidays In a press release, the center explained that the crescent of Dhul Hijjah will be born after the conjunction at dawn on May 27, the 29th of Dhul Qidah, and will be visible that evening. The new crescent will remain visible in Kuwait’s skies for 43 minutes and can be clearly…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Borg’s down.Data won’t show, IB’s still working, and they still have a TV channel. But try to load some data on a Bloomberg Terminal, and you won‘t see much.In fact, even the screenshot function is currently dead, forcing us to recreate an image of the main view manually:FT Alphaville would like to wish the best of luck to all the traders currently being forced to have conversations with their colleagues. Source link

Image credit: Getty Images Saudi Arabia is always ready for multiple oil price scenarios, and budgets are driven by priorities, the country’s economy minister said on Tuesday. “We’re always ready for scenarios – multiple scenarios, and we have buffers,” Faisal Alibrahim told an audience at the Qatar Economic Forum in Doha. Read-Trump’s Saudi Arabia visit unlocks $600bn in investment deals “We have the long-term fiscal planning and medium-term frameworks that help us adjust depending on what scenario actually plays out,” he said. The International Monetary Fund and economists estimate Riyadh needs oil prices of over $90 a barrel to balance…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Google is beefing up its “sovereign cloud” options in the EU, as US tech companies move to reassure the continent’s users that their access to crucial data and technology will be safeguarded, at a time of escalating trade tensions with Donald Trump.The Silicon Valley giant told the Financial Times on Wednesday it was broadening cloud computing offerings within the EU, including a “data shield” that provides additional security to European clients. Google is also seeking to work more closely with local partners…

Image: Supplied From traceability to tradition-driven innovation, Estonian brands are carving out a distinct niche in the MENA region’s competitive market. Katre Kõvask, Export Workgroup Leader at the Estonian Food Industry Association and CEO of YOOK shares insights on the factors that make Estonian F&B products appealing. How do Estonian food and beverage brands, known for their organic ingredients and sustainability, align with the consumers in the MENA region? Estonian food and beverage (F&B) brands’ commitment to organic and sustainably sourced ingredients directly aligns with the rising health consciousness and environmental awareness among MENA consumers. Estonia’s pristine environment and focus…

In Spain’s generally low-wage supermarket sector, national chain Mercadona stands out for paying 27 per cent over the national minimum wage, increasing to 72 per cent for employees with four years’ experience or more. Flexible working hours, coupled with Sundays off and an annual profit sharing scheme, are some of the other workplace policies that help place Mercadona as the highest ranked Spanish grocery group in the Financial Times/Statista list of Europe’s best employers. “In Spain, grocery stores open at 8am or 9am and close at 9pm or 10pm, so it’s a very long day,” notes Jaime de Nardiz, director…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldA top IMF official called on the US to reduce its fiscal deficit and tackle its “ever-increasing” debt burden at a time of rising concerns about President Donald Trump’s plans for sweeping tax cuts. “The US fiscal deficits are too large and they need to be brought down,” Gita Gopinath, the IMF’s first deputy managing director, told the Financial Times this week.She also warned that the world’s biggest economy was still affected by “very elevated” trade policy uncertainty despite “positive developments”,…

The Sharjah Roads and Transport Authority (SRTA) has launched a set of smart traffic signals as part of its broader infrastructure development strategy. Dubai: New traffic signal control system to reduce congestion by 20% According to a WAM report, the signals are integrated into an advanced system developed under the “Green Traffic” initiative. The system aims to improve traffic flow, reduce congestion, and enhance road safety across the emirate. Smart projects to enhance Sharjah’s transport sector Engineer Yousef Khamis Al Othmani, Chairman of SRTA, stated that the initiative is part of a wider package of smart projects aimed at advancing…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s administration is debating an executive order that could open the nearly $9tn US retirement market to private capital groups focused on corporate takeovers, property and other high-octane deals. The order would instruct agencies such as the departments of labour and Treasury and the Securities and Exchange Commission to study the feasibility of opening 401k plans, a primary vehicle for US retirement savings, to the private funds, according to four sources familiar with the talks.Trump opened the door for…