Saudi bourse to close on Tuesday for public holiday DUBAI, 1 days ago Saudi Arabia’s bourse will be closed on Tuesday, September 23 to mark the kingdom’s National Day. Trading will resume on Wednesday, according to a statement from the stock exchange. – Reuters This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please […]
Dubai World debt restructuring deal ‘soon’ DUBAI, 1 days ago One of Dubai’s top government officials said on Sunday that he expects state-owned conglomerate Dubai World to reach a deal on renegotiating its debt repayment schedule in the near future. “I can say for sure we will reach it. It is there and you will hear about it soon,” Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s […]
Hilal Computers wins top marketing awards MANAMA, 1 days ago Bahrain-based computer systems integrator and solutions provider Hilal Computers has received two prestigious awards from multinational technology firm Dell. Al Hilal Group general manager Geoffrey Milne and regional computer operations director Roshan George received the awards “ for platinum partner of the year and strategic penetration of the Saudi Arabian market” from Dell founder and chief executive […]
Payment transaction using Fawry Egypt’s Fawry launches new payment platform CAIRO, 1 days ago Fawry, Egypt’s leading nationwide Electronic Bill Presentment and Payment (EBPP) platform, has announced the launch of a new payment service that will enable customers to directly pay their traffic fines via the Fawry network of payment channels. The new service, which is made possible by an agreement signed with the Public Prosecution, marks […]
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 […]
A project displayed at Cityscape Global 2014. Rory Jones for The Wall Street Journal Dubai’s showcase annual real-estate event appears to offer more substance than style this year: Cityscape Global had fewer glitzy property launches on day one than last year, and there were no backroom scuffles as investors scrambled to snap up units of premier developers. There was still plenty of real estate for sale as […]
Hedge funds extended this year’s longest exit from bullish gold bets as slumping prices and investor outflows since June erased $6.7 billion from the value of exchange-traded funds backed by the metal. The net-long position in New York futures and options fell for a fifth straight week, with speculators boosting short bets to the highest since June, U.S. government data show. Investors sold 7.75 metric tons of […]
DIFC Investments LLC, which owns properties in the Dubai International Financial Center business park, said it plans to raise about $700 million from an Islamic bond sale to repay debt and fund development as borrowing costs decline. The state-controlled company, which is planning to issue the sukuk before the end of October, will use the proceeds to repay the $650 million outstanding on a syndicated loan, DIFC […]
|By TAP Staff| Confirmation of Dubai residential market rents cooling off came on Sunday when real estate consultancy CBRE reported that Dubai’s residential rents recorded the first drop after ten consecutive quarters of consistent increase. The drop has been attributed to an increase in new stock combined with the traditionally slow festive and holiday period. However, the agency pointed out that the transaction market retained some momentum […]
The Gate building at the Dubai International Financial Centre. Reuters Encouraged by strong growth in company registrations amid a resurgent Dubai economy, the emirate’s main financial free zone is now looking to double the number in the coming four years. The Dubai International Financial Centre, which was founded 10 years ago and serves as a point of entry into the Arab Gulf region for many international financial […]
|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 […]
David Cameron has said he will keep the Barnett Formula but Scotland must expect extra responsibility and any deal must be fair to all parts of the UK Photo: FACUNDO ARRIZABALAGA/EPA The Scottish inventor of the telephone, Alexander Graham Bell, coined the phrase “When one door closes, another opens”. His fellow Scots’ nail-biting rejection of independence shelves the debate on secession. But it prises open the possibility of […]
Dave was already up, watching the referendum results, when Samantha reminded him he had a speech to make Photo: REX FEATURES SAM woke up before six on Friday morning to find the bed beside her empty and the sheets cold. She got up and padded through the flat till she found Dave gazing bleary-eyed at the TV news. “Who won?” she asked, picking up the empty coffee mug […]
A lead-alloy pilgrim badge found in the mud near London Bridge in 1982 shows John Schorne grasping the bat-winged Devil Mudlarks and enthusiasts with metal‑detectors sometimes turn up little scraps of lead, fretted and bent at the edges, perhaps with a face recognisable and not much else. These can end up in the scrap bucket, but with luck they add to the growing scholarly knowledge of pilgrims’ […]
The next generation of Google’s Android operating system will have data encryption turned on by default, according to The Washington Post. This move puts Google in the same company as Apple, which this week unveiled a new privacy strategy that makes it harder for anyone but an iPhone’s owner to access content on such devices. Default encryption for Android and iOS essentially takes Google and Apple out […]
Dremel has made the leap from rotary tools into the third dimension with their IdeaBuilder personal 3D printer. Made for beginners and experts alike the enclosed desktop printer outputs at a resolution of 100 microns using PLA filament. Dremel’s partnership with AutoDesk means print-ready models and online design tools are also in the works. This entry passed through the Full-Text RSS service – if this is your […]
The e-borders system, which is supposed to stop a person coming to the UK if they have previously been deported or excluded from the country, has failed to intercept a single individual despite a £500 million IT project Photo: Reuters The disclosure that the chief suspect in the case of the missing schoolgirl Alice Gross is a convicted Latvian killer who should not have been in the country […]
The Voyage is the most advanced Amazon E-reader to date, featuring a next-gen Paperwhite display, upgraded Kindle software, & a feature called Page Press that automatically turns the page once you’ve read it. At 7.6mm, it’s also the thinnest Kindle yet, just a hair thicker than the iPad Air. This entry passed through the Full-Text RSS service – if this is your content and you’re reading it […]
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 […]
Ortolans are trapped and put, alive, into a vat of Armagnac before they are cooked Photo: MaxPPP The customary way of eating ortolan, a delicate songbird, involves the diner covering his or her head with a large napkin. Tradition dictates that this is to shield – from God’s eyes – the shame of such a decadent and disgraceful act. But if a clutch of leading French chefs have […]
The start of the United Arab Emirates’ first consumer credit-rating bureau last week will help banks better deal with bad loans six years after one of the world’s worst property crashes. “Banks will intensify their analysis of their existing portfolios,” Marwan Ahmad Lutfi, chief executive officer of the Al Etihad Credit Bureau said in an interview in Dubai today. The reports will allow banks to decide how […]
Chinese-backed hackers infiltrated the computer networks of airline, shipping and information technology companies responsible for transporting personnel and weapons for the U.S. military, a Senate investigation found. There were 20 such breaches from June 2012 to May 2013, giving the hackers insight into military logistics and a foothold that could be used to disrupt operations, according to a report today by the Senate Armed Services Committee. While […]
|By TAP Staff| Dubai’s Emaar Properties said on Wednesday that its existing shareholders will be allocated one share in its malls unit IPO for every 36 held in the parent firm. Shareholders can buy the shares in Emaar Malls Group (EMG) on a preferential basis at the price that is set by the institutional book building process, the company said in a statement to Dubai’s bourse. Emaar […]
| By TAP Staff |With deadline fast approaching for Standard Chartered to exit part of its retail business, there is intense speculation over the likely suitor. Mashreqbank, one of the first names normally thrown up as a probable for such acquisitions, has ruled out any interest. The British bank is aiming to sell part of its business in the UAE after it agreed to close some accounts […]
