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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. […]

If you want a one-off custom Harley, here’s another compelling reason to choose Taiwan-based Rough Crafts for your build. What was once a stock Dyna Street Bob is now called Urban Cavalry. On top of loads of performance mods, the RC crew gave this bike a new front-end, a handmade tail section, a titanium 2-into-1 exhaust and more. via This entry passed through the Full-Text RSS service […]

CEO Akbar Al Baker at a press conference on the delivery of the first Airbus A380 to Qatar Airways in Hamburg. European Pressphoto Agency Qatar Airways has caught the “revolution” bug that has swept the Middle East as Chief Executive Akbar Al Baker promises changes for business class seats at the airline that prides its reputation for high-end service. By mid-2016 the airline plans to roll out […]

Finance Minister Hani Dimian at the the Euromoney Conference in Cairo. Reuters Such is the level of confidence of Egypt’s finance minister in his country’s economic turnaround that he advises prospective investors to move quickly because they will be treated on a “first come, first served” basis. Some of Hany Kadry Dimian’s optimism is certainly warranted: Egypt’s GDP growth is gradually picking up and the economy is […]

Three years after its first foray into the Islamic capital markets ended without a sale, investors piled in to buy sukuk debt from Goldman Sachs Group Inc. (GS) yesterday as the bank joined the governments of Hong Kong and the U.K. in selling debut Shariah-compliant bonds this year. The New York-based lender attracted bids for three times the $500 million of sukuk it sold yesterday, according to […]

A rush by Dubai’s retail investors to take part in the initial public offer of Emaar Properties’ malls unit put pressure on the emirate’s stock market on Tuesday, while successful fund-raising for the Suez Canal expansion lifted stocks in Egypt. Emaar said late on Monday that institutional investors had committed to buying all the shares offered to them in the flotation of its shopping malls business, only […]

Arabtec Holding said on Tuesday it was unaware of any stake sale agreement between its largest shareholders following reports that the company’s former chief executive was about to sell at least part of his stake. Arabtec “does not have the information” on such a deal, it said in a bourse statement. Shares in Arabtec jumped 3.7 percent to 4.77 dirhams on Monday following a report that its […]

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|By TAP Staff| The UAE Securities and Commodities Authority plans to introduce new rules that will make it easier for local companies to raise resources from the market through dirham-denominated bonds. The new rules will also seek to reduce the cost of issuing bonds while making it faster for companies to issue and list their bonds. “We would like to see more active bond and sukuk markets […]

A new solid state drive (SSD) from Micron Technology promises to be the company’s highest performing drive to date. The M600 SATA SSD, shown here, will boast improved power efficiency, better performance, and increased durability and lifespan. The drive also comes with 256-bit hardware encryption and will be available with capacities ranging from 128 GB to 1 TB. The new drive is being positioned on the high-end […]

Like a private jet minus the wings, the ultra-luxury 2015 Bentley Mulsanne Speed is packed with a 530-horse V8 motor tuned to produce an ungodly 811 lb-ft. of torque, more than any muscle car on the market and maybe enough to actually take flight. Tweet This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, […]

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 […]

ANKARA, Turkey — Having spent most of his youth as a drug addict in one of the poorest neighborhoods of Turkey’s capital, Can did not think he had much to lose when he was smuggled into Syria with 10 of his childhood friends to join the world’s most extreme jihadist group. After 15 days at a training camp in the Syrian city of Raqqa, the de facto […]

Edinburgh in the sunshine Photo: AP In bright sunshine this past week, the cobbled pedestrian streets of Edinburgh and the bustling byways in and around the Royal Mile have been thronged with students getting to know Scotland’s historic capital. Students like me, eager to start this new chapter in our lives while enjoying the cheap alcohol and easy socialising that comes with Fresher’s Week. However, behind the carnival […]

China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues. Asia, home to the world’s top two gold buyers – China and India, has been clamouring to gain pricing power over the metal and challenge […]

Olive grove in Spain: Britons have taken this Mediterranean staple to our (we hope healthier) hearts Photo: Getty Images If the news that the price of olive oil may go up by 40 per cent is slightly alarming, it shows how we have taken this Mediterranean staple to our (we hope healthier) hearts. The stuff might only have been found in chemists when Elizabeth David’s writing caught on, […]

WASHINGTON — The United States, as promised by President Obama, has stepped up its airstrike campaign in Iraq, hitting targets near Baghdad in the effort to help the Iraqi government win back territory seized by the Islamic State in Iraq and Syria, Pentagon officials said Monday. The offensive is the first expansion of the United States’ campaign against the Islamist militant group that Mr. Obama outlined last […]

|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 […]

|By TAP Staff| Qatar National Bank announced the acquisition of an additional holding of 11 percent shares in pan-African bank Ecobank Transnational Incorporated (Ecobank). The cost of the additional holding is equivalent to $283 million. QNB Group’s total stake in Ecobank is now 23.5 percent. This enables QNB Group to become the largest shareholder whilst strengthening the partnership with Ecobank, a leading pan-African bank and is a […]

|By TAP Staff| The growing political instability in the Gulf has not affected spending on infrastructure development, which is expected to swell by 77 percent in 2014 over last year. According to latest compilations by Global Investment House, the value of new infrastructure projects in GCC is expected to surge to $86 billion this year. The value of new projects in Qatar and the UAE would rise […]

|By TAP Staff| Dubai added to its financial market profile when Bank of America-Merrill Lynch announced on Monday it was moving its head of frontier markets research to the city. The move reflects the bank’s plan to take advantage of growing investor interest in the Gulf and surrounding region. Global firms have been strengthening their presence in the wake of surging stock markets, index upgrades and most […]

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 […]

[embedded content] ‘The most advanced wireless speaker system ever developed.” The creators of the Core didn’t just say it, they believe it. And since their Indiegogo campaign is 5X overfunded in less than a week, others are convinced, too. The compact speaker achieves life-like, better than stereo sound by “leveraging a combination of wave field synthesis and beam forming, to create an acoustic bubble in the room.” […]

By Nivedita Bhattacharjee and Tommy Wilkes NEW DELHI/MUMBAI Mon Sep 15, 2014 6:12pm IST 1 of 4. Visitors look at Android One Based mobiles after its launch in New Delhi September 15, 2014. Credit: Reuters/Anindito Mukherjee NEW DELHI/MUMBAI (Reuters) – Google Inc(GOOGL.O) launched in India on Monday a $105 smartphone, the first device from its “Android One” initiative which is aimed at boosting sales in key emerging […]

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 […]

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