Big On Telecom signs distribution deal with Blackphone DUBAI, 3 days ago Blackphone has signed a master distributor partnership with Big On Telecom, a Big on Group company headquartered in Dubai, to expand the brand’s presence in the Middle East and Africa (MEA) regions. The agreement marks a significant step in Blackphone’s growth, with Big On Telecom having started testing and launch discussions with telecom operators in […]
By Harihar Swarup Few persons have seen so many ups and downs in politics and personal life as Jayalalithaa. She touches the lowest ebb and yet bounces back with renewed vigor. She has enormous capacity to turn an adversarial situation to her advantage. Recall the March 1989 episode in Tamil Nadu assembly where she was manhandled and even attempt was made to disrobe her by some […]
By Nora Chopra There is a saying that great men think alike so does Rahul Gandhi and Narendra Modi and his man Friday Amit Sharma. Rahul who is all set to take over from his mother the reins of the Congress Party does not want to have any pre poll alliance. He wants to start from scratch and go alone so that the Congress base which it […]
SAUDI ARABIA. Jadwa Investment, the Saudi asset manager focused on Sharia’ah compliant mutual and private equity funds, has just issued its Quarterly Global Oil Market Update (Q3 2014). Summary of the report · The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping by 7.3 percent in Q3 2014, to an average of […]
Over the past three years, Google’s Android operating system has grabbed a major share of the global smartphone market. But there’s more than one flavor of Android out there, and Google is increasingly finding one flavor being pitted against the other. In one corner is the truly open-source Android, which falls under the purview of Google’s Android Open Source Project (AOSP). When Google launched the project in […]
People frequently use Facebook to update friends and loved ones about health issues. Now Facebook is looking for a way to make health care an integral part of the social media site. Following on the heels of Samsung and Apple, Facebook is planning to create a group of online support communities that would connect Facebook users that suffer with various afflictions. However, the online support communities are […]
Dubai bourse… marked recovery in economy boosts IPOs Dubai bourse ‘may see further listings by year-end’ DUBAI, 1 days ago The Dubai Financial Market could see one more company list on the stock exchange before the end of the year in addition to the already-announced share sale by a healthcare and education start-up, its chairman said on Thursday. Initial public offerings in the emirate dried up in […]
Regal position: escorting the Queen to Ladies Day at Royal Ascot Photo: Rex Features Forget Downton Abbey and Upstairs Downstairs. This week, we have had a glimpse behind the scenes of a real-life royal household, with the news that The Queen has been advertising for someone to remove chewing gum from the floors and furniture at Holyrood House. Her Majesty’s chosen cleaner must be available to prise pink […]
A trading screen on the floor of Dubai Financial Market shows the bid and offer levels for Emaar Malls Group shares. Asa Fitch for The Wall Street Journal Shares of Emaar Malls Group started trading on the Dubai Financial Market on Thursday, marking the first significant new share sale in Dubai since the global financial crisis. Emaar Malls isn’t a big deal globally. But traders here say […]
|By K Raveendran| The run-away success of Alibaba’s blockbuster IPO is seen inspiring other online players to take similar routes. Among the probable candidates is leading online trading and investment entity Saxo Bank. “The IPO is one of the options the management has under consideration,” Jakob Beck Thomsen, CEO of Saxo Bank Dubai, told The Arabian Post. But he refused to commit himself on a specific time […]
By Kalyani Shankar While there could be debate about the success of Prime Minister Narendra Modi’s five day visit to the US this week, there can be no doubt that he had conquered the 3 million strong Indian American community. The Madison square garden rock show on Sunday was a shining example to prove this. Although his meeting with the US President Obama was spent on substantive […]
By Subrata Majumder At the time when India unveiled its much hyped “Make in India” dream of Prime Minister Narendra Modi, China silently unleashed its “Made in China” programme to re-build its manufacturing hub. “Make in India” and “Made in China” sound similar in their perspectives. But, conceptually they are different. While “Make in India” was a call to establish world’s biggest manufacturing hub and increase share […]
By P. Sreekumaran THIRUVANANTHAPURAM: The cohesion of the Congress-led United Democratic Front (UDF) has been severely dented with the Kerala Congress (M) openly hinting at the possibility of the party having tie-ups with ‘like-minded’ parties outside the UDF. The KC(M)’s latest warning came in an interview party president and Finance Minister K. M. Mani gave to a TV channel. In the interview, Mani said that the […]
Gulf banks are feeling the pinch of rapidly shrinking corporate loan margins, with some predicting a bounce in lending rates as soon as the first half of 2015 as the escalating price war bites into profitability. Lenders are being forced to cut rates and loosen lending terms to secure business as local banks, flush with cash as their balance sheets recover from the global financial crisis, seek […]
|By TAP Staff| Following the huge success of Emaar’s malls IPO, Chairman Mohammed Alabbar indicated the possibility of floating the group’s hotel business, which includes the signature Armani Hotel. Meraas Holding, a Dubai government-controlled developer, has picked banks to manage the IPO of its theme park unit, three people with knowledge of the matter said earlier this month. The company’s IPO is planned for the fourth quarter, […]
Kuwait plans clamp on energy subsidies Kuwait starting to cut subsidies, says IMF DUBAI, 3 hours, 26 minutes ago Kuwait’s government has started reducing some state subsidy payments and is in an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said. Subsidy cuts are an important economic reform for Kuwait because lavish subsidies, mostly on energy, swallow about […]
Qatar… construction activity jumps 14.5 per cent Qatar’s economic growth edges up to 5.7pc in Q2 DUBAI, 4 hours, 21 minutes ago Qatar’s economic growth picked up slightly to 5.7 per cent on an annual basis in the second quarter of this year as robust non-oil activity outweighed a decline in the hydrocarbon sector, official data showed on Tuesday. Real gross domestic product growth accelerated from a […]
By S. Sethuraman The Reserve Bank of India’s Fourth Bi-Monthly Monetary Policy Statement on September 30 does not offer any hint of monetary easing in the near future, again citing risks to lowering at present the policy lending repo rate from 8 per cent it has maintained since April, in the current fiscal year. This leaves all other policy rates and reserve ratios unchanged, (reverse […]
By Amulya Ganguli Since Maharashtra is the first state to go to the polls after the general election and the subsequent by-elections, it is not surprising that it is experiencing the fallout from these contests in full measure. If the Congress is paying the price for its weakened condition after the May debacle, the BJP is facing the consequences of its poor showing in the recent […]
By Surojit Mahalanobis It is better late than never. The news that the power minister Piyush Goyal has set up an inter-ministerial panel (IMC) to examine and move forward with effective allocation of the 214 coal blocks, after the Supreme Court’s recent order, is indeed acceptable. What is positive about the move is that the committee (IMC) would comprise engineers of power, steel, and mining sectors as […]
| By TAP Staff| A report titled Future of Travel by flight comparison website Skyscanner predicts that Lebanon will be the ‘new Dubai’ in a decade’s time. The report looks at how hotel rooms and holiday destinations could change over the next decade. It lists 50 destinations that could emerge as holiday hotspots over the next 10 years, ranking them according to the projected growth per annum […]
Barjeel Data Centre…IT hub for operations Mercury Mena wins data centre project in Abu Dhabi MANAMA, 7 hours, 15 minutes ago Mercury Middle East and North Africa, a leading mechanical, electrical and plumbing (MEP) company, has won a deal to provide the turnkey solutions for the new data centre for the National Bank of Abu Dhabi (NBAD). The Barjeel Data Centre will service as the information technology […]
Growing interest in sharia investments to boostfund value to $100 million. Sedco launches in-house managed Islamic fund JEDDAH, 8 hours, 30 minutes ago Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its asset management capabilities, the firm said on Monday. The Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets […]
While Microsoft has had retail stores across the U.S. for many years now, it has not had a prestigious address that could compete with rival Apple’s store on New York’s Fifth Avenue. That will soon change. Microsoft said Monday it had signed a lease to open a flagship store at 677 Fifth Avenue. That will put it just blocks away from Apple’s famed location beneath the giant, […]
