The Rawabi project displayed at Cityscape Global in Dubai. Rory Jones for The Wall Street Journal New settlements in the West Bank are often heatedly discussed in Dubai. But at the emirate’s showcase real estate event Cityscape Global, it was Palestinian, not Jewish building that was on the tips of tongues. Rawabi, a controversial housing project billed as Palestine’s first planned city, was this week being sold […]
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 […]
|By TAP Staff| The success of Emaar’s malls IPO has prompted Nakheel to consider a flotation on the local stock market. Such a possibility was indicated by top Nakheel official Sanjay Manchanda, who spoke to reporters at the sidelines of Cityscape. “The market is definitely very receptive to Dubai IPOs now. The success of Emaar will be an encouraging sign for us. Should we decide to list […]
|TAP Special| Sultan bin Nasser Al Suwaidi, who has been replaced by Emirates Investment Authority chief executive Mubarak Rashid al-Mansouri as the new UAE central bank governor, was a hardcore dollar loyalist and had all along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 […]
The new smartphone being introduced this week by BlackBerry will be cheaper than both the Apple iPhone 6 and the newest Samsung Galaxy edition. But will anyone notice? The BlackBerry Passport will sell for $599 without a wireless carrier contract in the U.S. Compared to various models of the iPhone 6 and Samsung’s Galaxy S4 currently on sale, that’s a price cut of about $50 to $250. […]
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 […]
In an effort to make open source security tools more user friendly, Google and Dropbox announced Thursday that they have teamed up with the Open Technology Fund to form “Simply Secure.” The goal of the new non-profit organization is to “help craft usably secure technologies and make them available for everyone.” This is the second time this week a major technology company has launched an open source […]
Worried about the privacy of your calls and text messages to friends and family? Well, BitTorrent is publicly releasing a version of Bleep, its new peer-to-peer messaging system aimed at eliminating any potential snooping middlemen. BitTorrent, the San Francisco-based company behind the peer-to-peer protocol of the same name, began pre-alpha, invite-only testing of Bleep in late July. On Wednesday, senior product manager Jaehee Lee announced in a […]
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 […]
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 […]
While it’s only a year-and-a-half old, Docker appears poised for big things in the world of distributed applications, and the company just scored $40 million in new funding to prove it. The San Francisco-based startup raised the series C funding with the help of Sequoia Capital, just nine months after it closed $15 million in funding led by Greylock Partners. Since launching in March 2013, Docker has […]
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 […]
By Elzio Barreto, Fiona Lau and Liana B. Baker HONG KONG/NEW YORK Tue Sep 16, 2014 11:06am IST People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files HONG KONG/NEW YORK (Reuters) – Alibaba Group Holding Ltd raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year’s […]
|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 […]
As the issue of cell phones and distracted driving grows more divisive in many countries, a city in China has created a tongue-in-cheek way of discouraging distracted walking. The municipality of Chongqing has created a phone-free pedestrian lane on its sidewalks. Chongqing, a municipality of 29 million in southwest China, is trying to figure out how to break pedestrians of the habit of walking while looking down […]
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 […]
SAUDI ARABIA. Banks with experience arranging Islamic bond sales may stand to benefit from the potential opening of Saudi Arabia’s debt market to foreign investors, according to the investment banking unit of Mashreqbank PSC. (MASQ) “There’ll be a lot of potential for non-Saudi banks to get involved on the advising and arranging side,” Abdul Kadir Hussain, who oversees about $700 million as chief executive officer of Mashreq […]
Militants from the al-Qaida-inspired Islamic State of Iraq and the Levant (ISIL) taking aim at captured Iraqi soldiers Photo: AP In the wake of David Haines’ beheading, we have republished this piece explaining why Isil carry out their atrocities As Islamic State militants in Iraq and Syria butcher thousands of “infidels” and carry off their women and children into slavery, many in the West are inclined to see […]
|By TAP Staff| Emaar is eying significant investments by Chinese companies in its King Abdullah Economic City in Saudi Arabia. According to Fahd Al Rashed, chief executive of the city, several Chinese firms have shown interest and the company hopes to rope in up to 20 percent of investments from the Chinese. The King Abdulla Economic City envisages a port and business district as well as residential […]
Rashidul Bari was born in Bangladesh in 1979 and has been studying in the United States since 2000. He considers himself one-half servant of education and one-half writer. He has earned five bachelor’s degrees, BA in political science, BA in economics, BA in mathematics, BA in computer science and BA in physics respectively, from three different CUNY institutions: York College, City College of New York and Lehman […]
SanDisk is laying claim to offering the world’s highest-capacity SD card, 512 gigabytes of flash storage — but at $800, it’s not cheap. The new SanDisk Extreme Pro SDXC UHS-I aims at photography and video professionals that absolutely must have the most advanced equipment available to shoot 4K Ultra High Definition (3840x2160p) video, Full HD video (1920×1080) and high-speed burst mode photography. Dinesh Bahal, vice president of […]
As the new school year kicks off on Monday in Turkey, some Kurdish parents will for the first time have access to Kurdish-language education for their children. In a small but significant step towards more cultural rights for Turkey’s estimated 15 million Kurds, subjects such as mathematics and geography will be taught in three private pilot schools in Kurdish, according to three Kurdish civil organizations providing the […]
Standard Chartered Plc is in talks with potential corporate sukuk issuers from China and Hong Kong, as the city government debuts its Islamic bonds. The lender, the fourth-largest Shariah-compliant debt arranger this year, sees Hong Kong as a “very unique opportunity as a gateway to China,” Afaq Khan, the Dubai-based chief executive officer at Standard Chartered Saadiq, said in an interview. The city’s entry to the Islamic […]
