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Cisco said it will acquire AppDynamics, which monitors application performance and business metrics, in a deal valued at $3.7 billion. The purchase gives Cisco more software heft and broadens its reach in analytics. AppDynamics was planning to become a public company. The combination of Cisco, a networking and data center giant, and AppDynamics isn’t that surprising. After all, AppDynamics brings a platform that can analyze application performance […]

Photo Construction in the West Bank settlement of Ma’ale Adumim on Sunday. The Israeli government is showing signs that it is increasingly willing to disregard international condemnation of its settlements. Credit Mahmoud Illean/Associated Press JERUSALEM — Israel on Tuesday approved the construction of 2,500 housing units for Jews in West Bank settlements, throwing off diplomatic restraint just a few days into the beginning of the Trump administration. […]

By Luke Baker and Matt Spetalnick | JERUSALEM/WASHINGTON JERUSALEM/WASHINGTON During the presidential campaign, Donald Trump’s team spoke often about moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. But since taking office, the contentious issue has become more nuanced and may already be moving to the backburner. In a statement issued before a first post-inauguration phone call between Trump and Israeli Prime Minister Benjamin Netanyahu […]

January 24th  2017 BBK recently announced new appointments in its Executive Management as part of the new organization structure. Amongst those, the Bank welcomed on board Dr. Adel Salem, as Assistant General Manager – Retail Banking Division, succeeding to Mr. Mohammed Malik, who has been appointed as Deputy Chief Executive and Head of Banking  Group. Dr. Adel Salem has an extensive experience spanning over 30 years in […]

23 January 2017 Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, was the proud winner of the 2017 Occupational Excellence Achievement Award and the 2017 Significant Improvement Award by the National Safety Council (NSC) – USA. These wins endorse the Company’s long-standing commitment to Safety as well as its efforts in creating a safe working environment for its employees and contractors alike. The NSC Occupational Excellence […]

Dubai developer Nakheel and Thailand’s Minor Hotels have signed a management agreement for a new 372-room hotel to be constructed at Ibn Battuta Mall. Under the agreement, the hotel will be managed under the AVANI Hotels & Resorts brand, Nakheel said in a statement. The 18-storey hotel, for which a construction contract will be awarded next month, is the second Nakheel hotel at Ibn Battuta and one […]

January 23, 2017 by: Michael Peel in Manila Business from the US has driven a long boom in the Philippines’ flagship outsourcing industry, but potential political threats to ambitious growth plans now loom in both countries.  Global companies are scrambling to work out whether tough talk from Rodrigo Duterte and Donald Trump, the Philippine and US presidents, will mean trouble if they run operations in the Philippines.  […]

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Tamer Nahas, founder and CEO of BOLDtalks, a Dubai-based boutique event consultancy and curator of high-impact events focused on global thought leadership, explains that believing in one’s initial vision and its relentless perusal is essential for the survival of a business in its infancy. Often referred to as the region’s most thought-provoking event, the BOLDtalks concept hosts renowned opinion leaders and achievers to discuss very diverse, but […]

Britain’s security co-operation with EU countries will be on the table as part of the Brexit negotiations, Theresa May has said as she prepares to become the first world leader to meet new US president Donald Trump. The prime minister plans to discuss British-US co-operation on terrorism and Nato at the meeting in Washington on Friday, the prime minister said on Sunday — and sent a signal […]

|By Arabian Post Staff| Emirates, Etihad and Qatar Airways are together poised to expand their fleet by almost 650 new planes, according to an expert in aviation inspection, safety and maintenance systems. “If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, Regional Managing Director of Olympus Middle East and Africa. Mid-December 2015, Iran announced a fresh […]

Middle East stands out as a key growth area for food providers in global packaged F&B, with market tipped to reach USD2.2 trillion by 2020 22 January 2017 Dubai, UAE: The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands […]

21 January 2017 Dubai – LABTEC LLC, a leading player in design, manufacturing, installation and commissioning of laboratory furniture and a part of Masharie LLC – a subsidiary of Dubai Investments PJSC, has won projects worth AED 11 million in the UAE and Eritrea to supply and installation of laboratory furniture and fire-rated doors. The new projects won by LABTEC include an AED 6.6 million contract for […]

Dubai Chamber of Commerce and Industry saw its network of members grow by 9 percent, or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The increase strengthens the Chamber’s position as one of the largest membership-based chambers of commerce in the world, it said in a statement. It said the total value of members’ exports and re-exports amounted […]

While Turkey’s government later said that Mr. Simsek’s remarks had been misconstrued, it was clear that he had said a settlement without Mr. Assad would be “not, you know, realistic.” Continue reading the main story Both developments came as Russia, Turkey and Iran prepared to convene Syrian peace talks in Astana, the capital of Kazakhstan, beginning on Monday. For the first time, it looked likely that the […]

20 January 2017 Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways today announced four additional weekly flights on the popular Abu Dhabi – Malé route, increasing frequency to the idyllic Maldives to 11 services a week between 1 July and 17 September 2017. The capacity increase will cater to high demand during the peak summer season. The announcement comes as the Abu Dhabi-based airline completed five years […]

Bernie Dunn may have retired from the US Army but he remains on a mission in the Middle East. The Boeing regional president hit a bullseye on December 11 when his team secured an $8 billion deal with Iran Air in the airline’s first plane contract since 1979. The world’s largest aerospace manufacturer beat out its French rival, Airbus, by 11 days. Though Airbus then secured 20 […]

Investor optimism faded in the week preceding the inauguration of Donald Trump as US president, with equity funds suffering their largest outflows since the surprise result of November’s election. Close to $2.5bn fled US equity funds in the week ending Wednesday, according to data from EPFR Global, extending outflows of $250m from the prior week and demonstrating that the investor demand that drove more than $60bn of […]

Submitted by Peter Schiff via Euro Pacific Capital, There is much we don’t know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? Will there be a Trump National Golf Course in Sochi? It’s anyone’s […]

Oman Air is more than double its contribution to the country’s gross domestic product this year to OR900 million ($2.3 billion) as it seeks to continue expansion of its fleet and network. The national carrier will tell its staff at its global conference in Muscat on Thursday that it increased its GDP contribution in 2016 by 6 percent to OR415 million. The increase came in the context […]

President-elect Donald Trump has been pretty vocal that he intends to repeal Obamacare and replace it with a better healthcare plan that will offer “insurance for everybody.” This move prompted Bernie Sanders to assert that the decision could lead to nearly 36,000 deaths in the U.S. Now according to reports, the “repeal and delay” strategy of the incoming U.S. government could cost millions of people their health insurance. According […]

China cut its holdings of US Treasuries by $66bn in November, reducing its position in the safe-haven debt to the lowest level since 2010 as the country battles to stabilise its currency. The acceleration in sales — the largest monthly decline since December 2011 — threatens a rise in US interest rates if it continues and follows an unwinding in October that saw China cede its position […]

By Lisa Richwine and Anya George Tharakan Streaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of success for its ambitious global expansion that sent its shares up 8 percent in extended trading. Netflix signed up 7.1 million new subscribers globally, far more than the 5.2 million analysts had expected, according to research firm FactSet, […]

Janet Yellen, the Fed chair, has warned that the US risks a “nasty surprise” if it waits too long to continue raising interest rates, adding that she expects the US central bank to tighten monetary policy a few times a year until 2019. But on the cusp of Donald Trump’s inauguration as an economy-focused president, she also said slow productivity growth meant the US’s “usual” rate of […]

SACRAMENTO San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession. With the unemployment rate at 4.7 percent, the U.S. economy has reached full employment, Williams said, adding that inflation is on track to reach the Fed’s 2-percent goal over the next couple of years. […]

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