What’s the story behind your business? Our story is a typical start-up story. We began 15 years ago with six people, and at the time we operated out of our chairman’s extra bedroom in Jumeirah. We started the agency with the philosophy of changing the rules of advertising across the region. At the time, people thought we were a bit crazy – they said everything had already […]
The US dollar marched higher on Thursday, reaching its strongest level against the euro for more than a decade, after the US Federal Reserve signalled a more aggressive outlook for interest rate policy. Europe’s single currency was among the hardest hit, falling through the $1.04 level to trade at its lowest level since early 2003. Driving the dollar’s strength is a growing divergence between benchmark interest rates […]
“If they’ve managed to sleep through the night, bonds traders in the US will have quite a shock when they check their screens in the morning,” Mohamed El-Erian, chief economic adviser at Allianz, tweeted early on Thursday. Wall Street bond traders and investors will have turned in on Wednesday night already jolted by the Federal Reserve, which under Janet Yellen’s leadership has become synonymous with caution on […]
Thursday 11:00 GMT Overview Stock markets are trading cautiously as Treasury yields hit fresh highs after the Federal Reserve’s decision to raise interest rates for only the second time since the financial crisis. The prospect of the US central bank perhaps having to tighten policy faster than expected to reflect any additional boost to growth from president-elect Trump’s fiscal plans is lifting the dollar to a 14-year […]
This Tuesday, July 19, 2016 photo shows a Yahoo sign at the company’s headquarters in Sunnyvale, Calif. On Wednesday, Dec. 14, 2016, Yahoo said it believes hackers stole data from more than one billion user accounts in August 2013. (AP Photo/Marcio Jose Sanchez) Yahoo said Wednesday more than a billion users may have had data stolen in a hack dating back to 2013—separate from its previously disclosed […]
The offshore renminbi exchange rate grew stronger than its onshore counterpart on Thursday after a closely-watched borrowing rate in Hong Kong for loans denominated in China’s currency broke back into the double digits for only the fourth time in 2016. The Hong Kong interbank borrowing rate for offshore renminbi (CNH) overnight loans (CNH Hibor) rose another 4.4 percentage points to 11.8 per cent today, taking the overnight […]
Submitted by Carey Wedler via TheAntiMedia.org, According to the DEA, the problem with cannabis in the United States isn’t that it’s still designated a dangerous drug with no medicinal value in spite of volumes of emerging scientific research indicating otherwise. The problem is actually that the media has made it difficult for government agents to arrest people for selling and consuming it. The DEA also blames the […]
December 14, 2016 by: Robin Harding in Tokyo Optimism at Japanese companies is on the rise for the first time in 18 months after Donald Trump’s election as US president breathed new life into the country’s drive to escape deflation. The Bank of Japan’s closely watched tankan index for large manufacturers rose from +6 to +10 in December, the first increase since the second quarter of 2015, […]
13 December 2016 Riyadh – Over 1,400 digital leaders gathered at the ArabNet Riyadh conference to discuss the latest in digital innovation and entrepreneurship, following the launch of Vision 2030 and the National Transformation Program (NTP). The event was held under the patronage of the General Authority for Small and Medium Enterprises (SMEA), and hosted by King Abdulaziz City of Science and Technology (KACST) and the Badir […]
HONG KONG HSBC has launched a $290 million lending facility aimed at technology start-ups and other new industries in China’s Pearl River Delta region, intensifying the battle for a slice of a business that is growing despite a slowing economy. Showered with money from private investors over the last few years, the promising technology start-ups in China, the world’s second-largest economy, have shunned traditional lenders, seeking to […]
Russia’s rouble has cemented its position as the best-performing currency of the past three months, enjoying the benefits of a strong oil price at a time when the US appears to be tilting towards a more accommodating relationship with Vladimir Putin. A 2.3 per cent rise in the rouble’s value against the dollar on Monday was followed by a further half per cent gain during Tuesday trading. […]
13 December 2016 HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, Chairman of Alwaleed Philanthropies, announced supporting the Breakthrough Energy Ventures (BEV) with $50 million, through joining Bill Gates and members of the Breakthrough Energy Coalition (BEC) in their commitment to invest more than $1 billion in energy technologies. Breakthrough Energy Ventures (BEV) is an investor-led fund that will finance emerging energy breakthroughs to deliver affordable and […]
Boeing Chinese hackers are targeting aviation systems in the quest for information and intellectual property which will boost the country’s competitiveness, security researchers say. Cyberattacks against the aviation industry are nothing new, but with the inclusion of Internet-capable devices at the basic level of embedded devices to in-flight Wi-Fi and connected aviation systems, there are more avenues than ever that threat actors can exploit. Successful attacks which […]
WASHINGTON Donald Trump on Monday criticized Lockheed Martin’s F-35 fighter jet program as too expensive, the latest attack by the U.S. President-elect on large defense contractors. Lockheed shares dropped 5.1 percent and shares of several other defense contractors also tumbled. “The F-35 program and cost is out of control,” Trump said on Twitter, echoing campaign promises to cut waste in federal spending. “Billions of dollars can and […]
The NSW Department of Industry’s Division of Resources and Energy (DRE) has tasked Singapore-based data startup Latize with helping it transform mining safety and incident analysis processes using data intelligence. While the value of the contract has not been disclosed, Latize said DRE is the first local government client it has acquired since opening up an office in Sydney in June. The deal comes at a time […]
Boeing officials, already dismayed by Mr. Trump’s attack last week over the costs of a new Air Force One, acknowledged that the Iran jet deal still faced contingencies — a polite way of saying they were deeply worried about whether Mr. Trump and the Republican-led Congress would support it. Continue reading the main story Beyond that deal, Boeing and other companies that export jet engines, high-tech products […]
11 December 2016 Riyadh – Under the patronage of the governor of small and medium enterprises authority, King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and accelerators, is hosting the fifth ArabNet Riyadh – the largest and most influential digital conference in the Kingdom – on December 12-14, 2016 to be held at the Four Seasons Hotel. […]
Bombs outside Istanbul soccer stadium kill 29, wound 166 – minister | Reuters Top News | Sun Dec 11, 2016 | 7:53am IST ‘+Reuters.inlinevideo.title+’ ‘+Reuters.inlinevideo.length+’ ‘); } ISTANBUL A car bomb followed by a suicide bombing less than a minute later killed 29 people and wounded 166 outside a soccer stadium in Istanbul on Saturday night, Turkish Interior Minister Suleyman Soylu said. All but two of those […]
Data — or lack of the right data — may be the Achilles Heel of the digital movement. Successfully making the move to digital nirvana requires data — lots of it, and in the right places, available to the right people and systems at the right time. Photo: HubSpot Unfortunately, organizations still do not have a handle on the data challenge. As expressed in a new McKinsey […]
Photo President Recep Tayyip Erdogan of Turkey visiting the mausoleum of an Islamic scholar in Samarkand, Uzbekistan, last month. Credit Pool photo by Kayhan Ozer, via Associated Press ISTANBUL — Almost a century after the disintegration of the Ottoman Empire, Turkey’s president, Recep Tayyip Erdogan, and his supporters believe that they can restore the empire’s former glory. Stroll through the streets of any Turkish city and you […]
This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]
By Luiza Ilie | BUCHAREST BUCHAREST When Romania’s leftist government collapsed a year ago amid outrage over a deadly nightclub fire, many people spied an opportunity for sweeping change in a country plagued by corruption and inept public services. But after the upswelling of public anger over the deaths of 64 people in the Club Colectiv, which lacked emergency exits and fire safety permits, the clamour for […]
Investors made the biggest shift in more than three years into funds that help provide protection against rising interest rates ahead of next week’s meeting of Federal Reserve policymakers who are expected to increase overnight borrowing costs for the first time this year. Funds invested in leveraged loans attracted $1.7bn of inflows in the week to December 7 — the greatest weekly haul since 2013 — figures […]
Madrid, Spain – 09 November 2016 Fotowatio Renewable Ventures (FRV), a leading global developer of large-scale solar power plants and part of Abdul Latif Jameel Energy, has been awarded a 30 year 300 MW solar project in the second electricity market auction, conducted by the National Energy Control Center (CENACE) of Mexico. With this Build-Operate-Own agreement, FRV extends its global footprint into the Mexican market at very […]
