Defiant pro-democracy demonstrators remained on the streets of Hong Kong’s financial center early Monday, after a day of protest-fueled clashes that left at least 38 people injured. Despite calls from organizers for them to return home, many of the protesters continued to jam streets of the business district. The demonstrations, which authorities have intermittently attempted to disperse by force, follow a week of student-led boycotts and protests […]
By BRUCE WEBER September 27, 2014 Michael Harari, an Israeli intelligence agent who led the hit squad that was sent to avenge the murders of 11 Israeli athletes by Palestinian terrorists at the 1972 Olympic Games in Munich, died on Sept. 21 in Tel Aviv. He was 87. His death was reported by The Associated Press, citing a statement by Israel’s prime minister, Benjamin Netanyahu, who called Mr. Harari […]
Turkish Kurds watched Kurdish forces battle with Islamic State militants across the border in Syria on Saturday. Turkey fears the fight against the Islamic State may embolden Kurdish separatists. By ANNE BARNARD and MARK LANDLER September 27, 2014 KARACA, Turkey — No American ally is closer to the threat of the Islamic State than Turkey, and no country could play a more important role in a coalition that President Obama is […]
Supporters of the Shiite Houthi movement in Sana, Yemen, standing around the coffins of their comrades killed in recent fighting. The rebels seized control of much of the capital last week. By REUTERS September 27, 2014 SANA, Yemen — A splinter group of Al Qaeda fired a rocket toward the United States Embassy in Sana on Saturday, wounding local guards. In a post on Twitter, the group said […]
Al Sudairy … GEMS is a leading player Saudi group buys waste management firm for $300m RIYADH, 1 days ago Jadwa Waste Management Opportunities Fund, a unit of leading Saudi Arabian private equity house and investment bank Jadwa Investment, has acquired Global Environmental Management Services (GEMS) together with its co-investment partners in a deal valued at around $300 million. The acquisition was funded by funds managed by […]
Genesis offers financial monitoring class DUBAI, 1 days ago Genesis Institute, a leading financial trainer, has launched courses in financial monitoring for businesses to enable them to analyse their performance, reduce losses, improve profits and detect accounting fraud. “You don’t have to be a finance expert in order to see when you’re business is in jeopardy and in fact, it is crucial to be able to tell […]
Deloitte Middle East hires 700 new staff BEIRUT, 2 days ago Deloitte Middle East, a leading provider of audit, tax, consulting, and financial advisory services, hired 700 new people this year while continuing to deliver double digit growth, said the company’s chairman and chief executive. “The firm is also investing heavily in its internal systems and in developing world-class expertise in such areas as cyber security, Private […]
Brocade unveils Vyatta SDN controller DUBAI, 21 hours, 28 minutes ago Brocade, an American technology company specialising in data and storage networking products, recently introduced the Brocade Vyatta Controller as part of the company’s strategy that delivers an open and modular networking platform for cloud service providers. The Software-defined networking (SDN) controller from Brocade that is scheduled for general availability in November this year is a key […]
|TAP Special| The star-crossed Dubai Pearl project is in trouble again. Work on the project, which has a history of chronic fund shortages, missed deadlines and botched up designs, has been completely stalled and expectations of an early resumption of construction have been belied. In the wake of defaults of various nature, the structure faces the risk of even a second demolition, according to insiders. After the […]
As airstrikes led by the United States against the militant group Islamic State continued on Wednesday, for the first time in over two decades – Saudi Arabia and several other Gulf monarchies openly joined the campaign. While Arab participation in the strikes is of more symbolic than military value, analysts described it as a bold move for a group of countries that for long preferred to act […]
Staying in touch with technology is crucial for success The five must-have tools for everyone in real estate RIYADH, 1 days ago As new technologies continue to evolve, the necessary tools for success in the real estate industry have developed. It has become essential for real estate agents, developers, buyers, and sellers to take advantage of the features provided by the innovative apps, devices, and technology that […]
Demand for aircraft leasing is expected to stay steady. Aircraft lessors wary as new rivals crowd into aviation ISTANBUL, 1 days ago By Tim Hepher Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy. Deterred by poor returns elsewhere as interest rates remain at […]
Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]
|By TAP Staff| The United Arab Emirates’ stock exchange plans to offer a trading platform for shares in private joint-stock companies so that they can raise capital with less disclosure of corporate information than publicly listed firms. Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said that trading would begin over the next few months on a special platform set up inside the country’s existing stock exchanges, state […]
The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits […]
|TAP Special| Sultan bin Nasser Al Suwaidi, who has been replaced by Emirates Investment Authority chief executive Mubarak Rashid al-Mansouri as the new UAE central bank governor, was a hardcore dollar loyalist and had all along resisted any change in the dirham’s peg to the greenback. The outgoing governor has served in that position for over two decades and the entry of a financial professional as the […]
Image: Bigstockphoto. For illustration purpose only How UAE’s private sector can improve Emiratisation DUBAI, 1 days ago There has been an increasingly competitive talent attraction landscape amongst UAE businesses for some time now, with many companies, particularly in the private sector, struggling to recruit enough Emirati nationals to fulfil goals laid out by the government. Gavin Smith, managing director of ReThink MEA, a specialist recruiter in the […]
|TAP Special| Dubai World will reach a deal on renegotiating its debt repayment schedule soon, Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s Supreme Fiscal Committee, disclosed. “I can say for sure we will reach it. It is there and you will hear about it soon,” he told reporters at the sidelines of Ciyscape. Dubai World had offered creditors a series of incentives to lengthen a $25 […]
City skyscrapers stand on the waterfront seen from a construction site of residential apartments on Palm Jumeirah artificial island in Dubai. Bloomberg News A rebounding Dubai property market has caught everyone’s attention again. Following a colossal crash in property prices in the wake of the financial crisis, not many had expected a recovery so soon afterwards, or so swiftly. The total amount invested in the emirate’s property […]
In a move to beef up its Intercloud strategy, Cisco is acquiring a privately-held company called Metacloud. The firm deploys and operates private clouds for global organizations with an OpenStack-as-a-service model. Metacloud’s model stands out in the industry because it both delivers and remotely operates production-ready private clouds in a customer’s data center. Cisco figures the platform will accelerate its strategy to build the world’s largest Intercloud. […]
A Palestinian family looks from a window at the rubble of a collapsed tower following Israeli airstrikes in Gaza City in a Aug. 26 file photo. Associated Press The outlook for Gaza’s economic recovery is “bleak” after a 50-day war between Israel and Hamas unless there is “a fundamental change of the political status quo”, according to a sobering International Monetary Fund report released Tuesday on the […]
|By TAP Staff| Emaar Properties said the IPO of its shopping malls business unit has been sold out to institutional investors on the first day itself. The leading developer aiming to raise as much as AED 5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG), which is expected to be the Gulf’s biggest stock sale since 2008. On offer are 2 billion […]
More and more places in Hong Kong now accept Chinese yuan Photo: ALAMY Lord Patten was the last governor of Hong Kong, and still, it seems, has a keen interest in its affairs. He has written a piece for The Financial Times, extolling his views on Britain’s “moral and political obligation” to its former colony. But his words, like his actions as governor, reveal that he never understood […]
Boom and bust – two words that are regularly heard when the property market in the United Arab Emirates, especially Dubai, is discussed. But that theme appears to be changing. At least that’s what some industry experts are indicating. The property market, after rebounding sharply since early 2013 from the global financial crisis-induced crash, is now showing signs of stabilising – with the pace of growth in […]
