logo

News related to
Edge

EGYPT. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Cairo Real Estate overview report determining the factors affecting all sectors in the real estate market. In March, Cairo’s Central Bank announced the devaluation of the Egyptian pound from EGP7.78:US$1 to EGP8.85:US$1 in order to boost the banking system to attract foreign investment and finance major projects, as well as […]

A federal judge sentenced a man to six months in federal prison Thursday for hacking into hundreds of Apple and Google accounts and stealing scores of personal photos, including some belonging to celebrities. U.S. District Judge John A. Kronstadt also issued a $3,000 fine to Andrew Helton, who pleaded guilty to a federal hacking charge in February, according to the U.S. attorney’s office in Los Angeles. Helton, […]

Centipedes move quickly. And when one is coming directly at you, you might not care to spend a moment pondering its agility. So perhaps our lack of understanding about just why centipedes move with such dexterity, even over obstacles, has been related to fear. But undeterred, researchers at Kyoto University have asked precisely this question, and have turned to computer simulations and ultimately robotics to find an […]

Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. Reuters/Ashikur Rahman/Files DHAKA/NEW YORK When the Federal Reserve Bank of New York cleared five transactions made by the Bangladesh Bank hackers, the money went in two directions. On Thursday, February 4, the Fed’s system sent $20 million to Sri Lanka and $81 million to the Philippines. The Sri Lankan transaction contained […]

DHAKA/NEW YORK Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion (£757 million) to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident. When hackers broke into the computers of Bangladesh’s central bank in February and sent fake payment orders, the Fed was tricked into […]

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada in this January 7, 2014, file photo. Reuters/Robert Galbraith/Files SAN FRANCISCO Former Yahoo executive Dan Rosensweig has not worked at the pioneering internet company in nearly a decade. But last week, as Yahoo Inc (YHOO.O) prepared to sell its core internet business, he was sporting a Yahoo T-shirt […]

|By Matein Khalid|Brexit will have a profound impact on international banking. It was no coincidence that the shares of UK, German, Swiss, Italian, Spanish and other banks fell 20-25% in a single trading session on news of Brexit. Even American money center banks and investment banks with a large footprint in the City of London fell 8 – 10% on Friday, June 24, 2016. As Deutsche Bank […]

Advertisements

INTERNATIONAL. The Bloomberg Commodity Index, which tracks the performance of 20 major commodities split evenly between energy, metals and agriculture, continues to show a gain of more than 10% in the year to date. Some softness, however, has crept in during the past few weeks with some sectors, most notably energy, pausing after rallies in oil and natural gas ran out of steam. Industrial metals found support […]

UAE. Implementing change strategies to reinvent the value proposition of the Islamic financial services industry is high on the agenda of industry leaders, according to Deloitte’s new whitepaper entitled “The catalysts for change: Strategic priorities in governance and regulation in Islamic Finance practice.” This necessity is fueled by recent global economic downturn coupled with geopolitical risks that have put more pressure on industry strategists and policymakers. The […]

Seldom does a week go by without news, rumors and speculation about new phones, but the past week was especially busy with smartphone chatter. Apple, Motorola and Samsung have all been in the headlines over the past several days regarding phones they have in the works. Apple iPhone 7 Leaks A few days after photos appeared of the upcoming iPhone 7, a video emerged that seemed to […]

Turkish policemen cordon up around a military vehicle in Ankara, Turkey July 16, 2016. Reuters/Stringer SAN FRANCISCO The attempted military coup in Turkey exploded across social media late on Friday despite restricted access to Twitter, Facebook and YouTube during the first hours of the putsch. Turkish President Tayyip Erdogan, an avowed enemy of social media who has frequently made Twitter and Facebook a target, addressed the country […]

It is common knowledge that the modern turtle shell is largely used for protection. No other living vertebrate has so drastically altered its body to form such an impenetrable protective structure as the turtle. However, a new study by an international group of paleontologists suggests that the broad ribbed proto shell on the earliest partially shelled fossil turtles was initially an adaptation, for burrowing underground, not for […]

Using folded DNA to precisely place glowing molecules within microscopic light resonators, researchers at Caltech have created one of the world’s smallest reproductions of Vincent van Gogh’s The Starry Night. The reproduction and the technique used to create it are described in a paper published in the advance online edition of the journal Nature on July 11. The monochrome image — just the width of a dime […]

BAGHDAD — President Obama will deploy 560 more troops to Iraq to help retake Mosul, the largest city controlled by the Islamic State, Defense Secretary Ashton B. Carter announced on Monday. It is the latest escalation of the United States’ role in the Iraq war by Mr. Obama, who ran for office on a pledge to end America’s involvement in the conflict. Many of the newly deployed […]

The United Nations headquarters building is pictured though a window with the UN logo in the foreground in the Manhattan borough of New York August 15, 2014. Reuters/Carlo Allegri/Files ROME (Thomson Reuters Foundation) – From a smartphone app delivering market prices to Guatemalan farmers to online nutrition tips in rural Colombia, the push to end hunger has entered a new era with the U.N. food agency deploying […]

Negotiators had been talking for hours with the hunkered-down killer of five police officers in downtown Dallas when the man suddenly resumed firing with an assault rifle. Fearing additional casualties, the officers deployed a small, remote-controlled robot to carry an explosive device near shooter Micah Xavier Johnson, 25, which they then detonated, killing him. “We saw no other option but to use our bomb robot and place […]

KEFLAVIK, Iceland Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins. In the world of the web-based digital currency, it is not central banks that add new money to the system, but rather computers […]

|By Matein Khalid| The merger of Abu Dhabi banks First Gulf Bank and NBAD creates the largest bank in the Middle East, a regional colossus with $170 billion in assets, competitive funding cost in the global interbank/capital markets and a market value greater than Credit Suisse, Standard Chartered Bank (SCB) and Deutsche Bank. This is the biggest game changer event in UAE banking and finance since the […]

|By Matein Khalid| David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on Friday, a 30 year low before the Plaza Accords. Britain has voted to […]

BERLIN/LAGOS When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online. Four years on, falling sales for sites like Jumia and slower growth from Nigeria to Russia and Brazil is casting doubt on Rocket Internet’s ambition to become the world’s biggest Internet company outside […]

ABU DHABI // Vitamin D deficiency, consanguinity and obesity are major reasons that the Gulf’s rate of infertility is higher than that of the West, doctors say. “Today, infertility is globally acknowledged to be a major health problem,” said Dr Human Fatemi, medical director of IVI Middle East Fertility Clinic in Abu Dhabi. “It is estimated that infertility affects 15 per cent of the global population of […]

FUJAIRAH-sharjah // Parents are concerned about the lack of summer camps and sports activities for children in Fujairah over the school holidays. With few centres offering indoor activities such as swimming, football and basketball, residents are at a loss over what to do with their children for the two months. Finding an affordable camp is also a problem. Jordanian mother Seham Al Shoulh, has been looking for […]

With just weeks to go before it launches its one-year Anniversary Update of Windows 10, Microsoft has been rolling out a series of preview builds aimed at fixing various bugs. The most recent build, announced yesterday, resolves a number of issues found in the PC and mobile versions of Microsoft’s operating system. The updates come on the heels of last week’s “Bug Bash,” during which Microsoft gave […]

UAE.  A new generation of young, highly motivated and mostly well-educated men and women is ready to take over leadership of their family businesses, according to Deloitte’s latest report conducted across the Europe, Middle East and Africa region entitled “Next-generation family businesses Evolution, keeping family values alive.” They are resolute and ready to face the challenges ahead in order to maintain the family character of the business […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Emirates Group records AED 4.1 billion half-year profit // Cloudflare unveils Zero Wire vulnerability intelligence service // Ousted top Kochi cop gets IG post // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Kochi police detain two actors over bid to honey trap doctor // Dubai details five-year visa benefits for returning visitors // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // OpenAI identifies 948 Linux privilege escalation flaws using AI // Emaar approves Development buyout ahead of planned delisting // OpenAI introduces GPT-6 Cyber with restricted security access // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Oil and chip shares retreat after Democratic victories // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Meraas showcases five residential zones at Dubai Design Week // Private varsities bill all set to face the axe // Technology shares plunge as Nasdaq enters correction // Dubai boat show confirms international shipyard line-up for November // Hong Kong mandates crypto transaction disclosures to tax authorities // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” //