Author: dailyguardian.ae

Central banks have drastically changed the way they implement monetary policy. Since the 2008 global financial crisis, the US Federal Reserve and the European Central Bank have been providing liquidity directly to banks and other financial institutions – an activity that used to be the preserve of money markets – and massively expanding their balance sheets. Is it time to reverse these changes, reviving interbank money markets and shrinking central-bank balance sheets, or is this the new normal? To be sure, central-bank balance sheets are already set to get somewhat smaller. The Fed and the ECB have made clear that…

For a man who was deprived of recognition in his native Pakistan despite impressive performances in first-class cricket, Zahoor Khan continues to hit the headlines in the UAE, his adopted home. The pace bowler, one of the top performers for the UAE at the ICC T20 World Cup in Australia last year, struck vital blows to help defending champions Deccan Gladiators make the perfect start in the 2023 edition of the Abu Dhabi T10 on Tuesday. Zahoor (2/12) even managed to outshine his illustrious teammate Trent Boult in Gladiators’ 22-run win at the Zayed Cricket Stadium. The 34-year-old dismissed Kusal…

Today, most people consider MOV files to be an outdated format, and since it’s more convenient to use MP4 files, you’ll want to know how to convert MOV to MP4. If you still have an extensive collection of old MOV files taking up space on your Mac, you can convert them into an MP4 file format with a little bit of patience by following these step-by-step instructions. Our favorite method is the online converter CloudConvert. It’s free to use, quick, and works on both Macs and PCs as long as you have an internet connection. In this guide, we’ll show…

Saudi Arabia’s Riyadh will host the Expo 2030 world fair, the vote results from 182 members of the Bureau International des Expositions showed on Tuesday. South Korea’s Busan and Italy’s Rome were also in the running to host the world fair, a five-yearly event that attracts millions of visitors and billions of dollars in investment. In a high-profile showdown, Rome, Busan and Riyadh were the top contenders to become the host city of the 2030 World Expo, with the organizing body choosing the winner. The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan extended his congratulations to the…

As part of its strategy to support the UAE government’s initiatives on climate change, United Arab Bank (UAB) has launched Green Sustainable Finance products ahead of COP28 conference in Dubai on November 30. The initiative, launched under retail banking, is designed to support customers seeking home or auto finance products for purchasing sustainable residential properties or vehicles, including both electric and hybrid models. The bank will offer special rates and fee discounts to assist its customers who are contributing to a greener future. In addition, UAB will honour each green sustainable finance agreement with planting of a tree or mangrove,…

U.S. online shoppers spent a total of $12.4 billion on Cyber Monday, marking an increase of 9.6% on a year ago and setting a new record for the day. During the busiest hour (10 p.m. to 11 p.m. pm ET), shoppers spent an astonishing $15.7 million every minute, according to data from Adobe Analytics. Cost-conscious shoppers saw major discounts in categories such as electronics (peaking at 31% off listed price), toys (27%), apparel (23%), furniture (21%), and appliances (18%). “Top sellers on Cyber Monday included toys such as Hot Wheels, Mario Kart toys, Disney Pixar Cars toys, Disney Junior Minnie…

As we enter Mr Brisket in Palm Jumeirah’s Golden Mile 4, we see a tall man boasting a body builder’s physique fixing his neatly-organised 5-camera set-up in the middle of the eatery. Gearing up for a brisket-eating challenge, we meet James Webb, the top-ranked competitive eater from Australia, coming fifth on the global list. Boasting impressive achievements in the world of competitive eating, Webb currently holds the world records for consuming 276 chicken wings in just 12 minutes and devouring 59.5 donuts in a remarkable 8-minute display. Going by the social media name of ‘J Webby Can Eat’, Webb has…

When heavy machinery broke down trying to break through the debris trapping 41 workers in a tunnel in the Indian Himalayas, authorities called in a group of people whose profession is effectively banned in the country — “rat-hole mining”. While augur machines managed to horizontally drill through nearly three-quarters of the debris, it fell on half a dozen miners adept at burrowing in tight spaces to reach the trapped workers on Tuesday. Rescuers successfully pulled out the workers in wheeled stretchers through a wide pipe that was pushed through the debris after a 17-day ordeal. “It was a difficult task,…

Aster DM Healthcare’s deal with Fajr Capital valuing its GCC business at $1.7 billion is expected to create at least 2,000 jobs in the next few years, Alisha Moopen, managing director and group CEO of Aster GCC business, told Khaleej Times on Tuesday. The company is looking to expand into Saudi Arabia, with close to 250 pharmacies planned in the kingdom. “We are also readying the Medcare Royal Hospital in Al Qusais,” Dr Azad Moopen, founder and chairman of Aster told Khaleej Times in an interview. Most of the planned recruitment will be in these two spheres, Alisha Moopen added.…

Why is it so difficult for people to stay until the end of a tournament to end the closing ceremony By Nick Tarratt, Khaleej Times Guest Golf Writer Having played golf at various levels around the world for well over 50 years and having been in the UAE for over 33 years, and currently enjoying my new ‘hobby role’ as Guest Golf Writer for Khaleej Times, I am now attending more and more golf events – but not too many as a prize winner! Corporate Golf and Club and Open Golf Tournaments now seem to be happening and even overlapping…