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ARABIAN POST SPECIAL
Chuka Ummana is the only mainstream politician with the guts to take on Ukip. Good for him
Labour MP for Sreatham and Shadow Business Secretary Chuka Umunna Photo: Andrew Crowley By Dan Hodges 11:12AM GMT 05 Nov 2014 Chuka Umunna is starting to break the rules. Up until recently Labour’s shadow business secretary had become a byword for political caution and calculation. “He’s good, but it’s not clear what he stands for”, a shadow cabinet colleague told me a few month’s ago. Well, Umunna is [...]Real Estate Investments Less Attractive for SWFs, Report Says
The shine may be wearing off for high-end real estate investments by sovereign wealth funds, according to a new report, a consequence of perceived market frothiness and increased competition for property assets.Sovereign wealth funds collectively closed $5.9 billion in real estate deals in the first half of this year, according to the report from Institutional Investor’s Sovereign Wealth Center. That was a 43% decline in value compared […]
AUDITOR NO TO NAVY’S RS 6,000 CRORE DEAL
New Delhi: The attorney-general (A-G) has recommended cancellation of a proposed defence deal for the acquisition of eight minesweeper vessels, estimated to be worth about Rs 6,000 crore, from the South Korean Kangnam Corporation after allegations of involvement of middlemen, official sources in the ministry of defence (MoD) have confirmed. The MoD had sought the view of A-G Mukul Rohatgi in the matter. The government may [...]Climate change is a problem. But our attempts to fix it could be worse than useless
194 countries have gathered to try and reach a deal to stop global warming Photo: PA The UN Climate Panel came out with its final report yesterday. It is a summary of its 3 main reports, published over the last year. It tells us that global warming is real and a significant problem. And as usual, the media hears something else – in the words of Mother Jones [...]Qapco teams with IBM and SAP to drive growth
ERP platform....improve company's overall performanceQapco teams with IBM and SAP to drive growth DOHA, 21 hours, 20 minutes ago Qatar Petrochemical Company (Qapco), a leading petrochemical powerhouse in the region and a pioneer in petrochemical production, has teamed up with IBM and SAP for the development and implementation of an innovative enterprise resource planning (ERP) platform that will improve the company’s overall performance.Dr Mohammed Yousef Al Mulla, [...]Dubai says boom is no bubble
Alongside the Dubai Mall, one of the world’s largest shopping centers, sits an ersatz version of what would be an authentic retail experience in most Persian Gulf cities: an Arab souk. If, in the evening, you stroll through this air-conditioned, hassle- and haggle-free caricature of a market, staffed mostly by smiling South Asians, you can amble out onto the shores of man-made Burj Khalifa Lake, named after [...]Advertisements
Builders seen facing cash crunch to sustain construction boom
Look at computer models for the Venice-like Arabian Canal proposed for central Dubai, or the plans for the world's biggest shopping mall, and it seems as if the collapse of the United Arab Emirates real estate market six years ago never happened. Citibank estimated earlier this year that there were already two thirds of a trillion dollars worth of construction projects underway in the UAE. That was [...]The rise of Brandy Wandy signals the end for Silly Mili
Russell Brand shares his views at the Occupy Wall Street Rally in New York Photo: REX FEATURES Oh dear, what a fusillade of hatred against poor old Brandy Wandy. I have before me a slew of Sunday papers and in almost all there is a broadside against Russell Brand, the crinkle-tressed comedian. Commentators from Left and Right denounce him as a prancing, prinking, pompadoured popinjay; a know-nothing narcissist [...]Westminster is a better bet for Salmond
The atmosphere at Westminster has always been more to Alex Salmond's taste Photo: Getty Images So, will Alex Salmond make that return trip to Westminster, again? And does anyone care?His almost coquettish refusal to say for definite, on BBC's Question Time, whether he plans to swap the IKEA-like backbenches of Holyrood for their green-leather equivalents at Westminster created a fair old stir in certain quarters yesterday. And, as [...]Dubai emerges as plastic surgery hub
Dubai is racing ahead to dominate the Middle East’s plastic surgery market with plans to attract half a million medical tourists in six years. Where cosmopolitan Beirut was once the region’s best known city for going under the knife, turmoil in Syria and violence often spilling into Lebanon is driving away wealthy Arab tourists. After splashing out on medical infrastructure over the past years, Dubai already ranks [...]Irishman wins 1m euro claim in Dubai property case
A businessman has obtained a €1 million judgment against a developer arising out of a failed deal to purchase several apartments in Dubai. James Byrne (56), a native of Waterford now living in Dubai, claimed he gave €633,000 to Caoimhin McGeever, otherwise known as Kevin McGeever and his company KMM International Ltd, in 2006 to purchase three studio apartments and a duplex apartment close to the centre [...]U.A.E. Migrant Domestic Workers Suffer Abuse, Human Rights Watch Says
Maids from the Philippines break their Ramadan fast at a shelter managed by Labour and Welfare officers in Dubai. The house maids live at the refuge after fleeing their employers’ homes. Agence France-Presse/Getty Images Maids, housekeepers, nannies and other female domestic workers in the United Arab Emirates are often denied wages, have their passports confiscated, don’t get proper medical care and are even in some cases subject [...]Feel Good Drinks Maker PIPER Mulls Dubai IPO in Growth Push
The founder of drinks maker PIPER says an IPO would help bank roll the firm’s international expansion strategy. Piper Dubai-based PIPER is considering an initial public offering of shares to help fuel the “feel good” drink maker’s global growth plans. “We are looking at ways to raise new capital to expand the brand globally,” said PIPER Founder Jeremy Miocevic. A share sale would help fund the production [...]I’m putting my trust in the family-run garage
This was not the first time something had gone wrong with the car Photo: ALAMY (POSED BY MODEL) There are some experiences that you know shorten your life, even if only by tiny increments. One of them is dealing with car trouble and car dealerships. On Monday I took our Citroën – groovy in design but prone to unreliability – to the main dealer for a minor service. […]
Remember who lost the referendum
The morning after: dejected Yes supporters head home up the Royal Mile in Edinburgh After a lifetime in the business world, Lord Smith of Kelvin is bound to have come across his fair share of chancers. However, I do wonder if he realises what he has taken on in agreeing to hold the coats in the war between Scotland's political parties over what "extensive" extra powers should [...]Asian markets regain some poise
Asian stocks clawed back some of this week's losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.2 percent, though it is likely to log its sixth straight week of losses with a fall of 0.5 percent so [...]Emaar shareholders get AED9b bounty
|By TAP Staff| The Board of Directors of Emaar Properties has approved a Special Cash Dividend of AED 9 billion (US$ 2.45 billion) to be distributed to the company’s shareholders taking the total value of dividends distributed this year to over AED 17.12 billion (US$ 4.66 billion) – one of the largest announced by any listed company in the UAE. The total value of the dividends is [...]Mobogenie unveils free and easy app maker platform
|By TAP Staff| Mobogenie , the fastest growing developer of applications for android and mobile devices, announced the launch of a new app development platform named CYMaker at the Global App Summit in Dubai. Mobogenie claims it will open up the world of app development through a simplified, free of cost solution with no limitations, no hidden fees, and no credit card requirement. Visitors to the Global [...]Price war looms in oil market
|TAP Special| The oil market scene is turning murky, with indications of a price war developing among major producers to defend their market shares. Crude futures tumbled to a 17-month low on signs that global supply is outstripping demand and by all indications, crude oil is poised to extend the biggest slump in more than two years. To make things worse, Saudi Arabia is said to be [...]Researchers Publish BadUSB Attack Code
Remember BadUSB? If you use a USB device to move digital files from one machine to another, you need to know the latest news on this flaw in design specs that could put your computers at risk. Attack code for this flaw, which is impossible to patch, is now public. Security researchers Brandon Wilson and Adam Caudill released two patches to existing firmware for the Phison 2251-03, [...]Sennheiser: Motivated by the customer
German engineering has an outstanding reputation worldwide for quality, technological innovation and reliability, yet in the obsession for perfection, it can miss market opportunities. The German watch industry, for example, with its hundreds of companies, has for long had a fixation for mechanical perfection, but in the process neglected the design aspect and the very quartz technology it had developed on its own. Similarly, Siemens had a [...]Dubai bourse may see further listings by year-end
Dubai bourse... marked recovery in economy boosts IPOsDubai bourse ‘may see further listings by year-end’ DUBAI, 1 days ago The Dubai Financial Market could see one more company list on the stock exchange before the end of the year in addition to the already-announced share sale by a healthcare and education start-up, its chairman said on Thursday.Initial public offerings in the emirate dried up in the wake [...]ICD’s Africa investment unlocks billion dollar Dubai deals
|TAP Special| When state-owned Investment Corporation of Dubai announced last month that it was taking a minority stake in Nigeria’s largest cement manufacturer Dangote Cement for $300 million, it seemed like something coming out of the blue. But things began to fall in place this week, when the African conglomerate’s chairman Aliko Dangote announced in Dubai that he was contemplating billions of dollars worth of investments in [...]
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