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 […]
Actress Emma Thompson and her daughter Gaia take part in the “People’s Climate March” in central London Photo: REUTERS Down with climate change! Listen – and heed – Emma Thompson’s dire warning on global warming! There now, how’s that? Having satisfied everyone’s environmental conscience, let’s tackle the other burning (but, let me stress, not fossil-fuel) issue at the heart of the People’s Climate March in London at the […]
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 […]
Smartphone producers in China are closing in on market leaders Samsung and Apple. This is based on a large home market with above-average growth. Potential is even higher in India and Latin America. Today, the spotlight is on the two largest mobile telephone manufactures – Samsung and Apple – with their latest Galaxy and iPhone models. These smartphones are likely to sell in the millions, but this […]
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. […]
Google has reportedly turned to HTC to develop its next Nexus tablet, the 9-inch Nexus 9. According to an article Monday in The Wall Street Journal, HTC engineers have been visiting Google’s headquarters in Mountain View, California, “in recent months.” If true, the report is noteworthy because HTC currently focuses largely on smartphones and accessories. Its last foray into the tablet market ended in disappointment: The Android-based […]
The Dubai International Financial Centre DIFC plans $700m sukuk issue by end-October DUBAI, 1 days ago DIFC Investments, the investment arm of the company running Dubai’s financial free zone, is seeking to raise as much as $700 million by issuing a sukuk to help repay existing debt and fund real estate development, its top executive said on Sunday. The company aims to finalise the ijara-structured deal by […]
Payment transaction using Fawry Egypt’s Fawry launches new payment platform CAIRO, 1 days ago Fawry, Egypt’s leading nationwide Electronic Bill Presentment and Payment (EBPP) platform, has announced the launch of a new payment service that will enable customers to directly pay their traffic fines via the Fawry network of payment channels. The new service, which is made possible by an agreement signed with the Public Prosecution, marks […]
Hedge funds extended this year’s longest exit from bullish gold bets as slumping prices and investor outflows since June erased $6.7 billion from the value of exchange-traded funds backed by the metal. The net-long position in New York futures and options fell for a fifth straight week, with speculators boosting short bets to the highest since June, U.S. government data show. Investors sold 7.75 metric tons of […]
|By TAP Staff| Confirmation of Dubai residential market rents cooling off came on Sunday when real estate consultancy CBRE reported that Dubai’s residential rents recorded the first drop after ten consecutive quarters of consistent increase. The drop has been attributed to an increase in new stock combined with the traditionally slow festive and holiday period. However, the agency pointed out that the transaction market retained some momentum […]
The Gate building at the Dubai International Financial Centre. Reuters Encouraged by strong growth in company registrations amid a resurgent Dubai economy, the emirate’s main financial free zone is now looking to double the number in the coming four years. The Dubai International Financial Centre, which was founded 10 years ago and serves as a point of entry into the Arab Gulf region for many international financial […]
|TAP Special| Dubai World will reach a deal on renegotiating its debt repayment schedule soon, Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s Supreme Fiscal Committee, disclosed. “I can say for sure we will reach it. It is there and you will hear about it soon,” he told reporters at the sidelines of Ciyscape. Dubai World had offered creditors a series of incentives to lengthen a $25 […]
David Cameron has said he will keep the Barnett Formula but Scotland must expect extra responsibility and any deal must be fair to all parts of the UK Photo: FACUNDO ARRIZABALAGA/EPA The Scottish inventor of the telephone, Alexander Graham Bell, coined the phrase “When one door closes, another opens”. His fellow Scots’ nail-biting rejection of independence shelves the debate on secession. But it prises open the possibility of […]
Apple’s latest additions to the iPhone family — the iPhone 6 and the iPhone 6 Plus — went on sale in stores Friday amid reports of lines stretching 10 blocks long at the Fifth Avenue Apple Store in New York. In addition to many other new features, the two new devices sport larger screen sizes than previous models, including the 4-inch iPhone 5 (shown above, left). The […]
Dave was already up, watching the referendum results, when Samantha reminded him he had a speech to make Photo: REX FEATURES SAM woke up before six on Friday morning to find the bed beside her empty and the sheets cold. She got up and padded through the flat till she found Dave gazing bleary-eyed at the TV news. “Who won?” she asked, picking up the empty coffee mug […]
Do U.S. Internet users want the so-called “right to be forgotten” that’s been a hot topic in Europe? And is such a scenario plausible stateside? It appears those questions have very different answers. Europe’s highest court ruled last spring that individuals had the right to ask that certain online data deleted so that third parties could no longer trace them. Despite the ruling, several questions on the […]
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 […]
With iOS 8 now available as a free upgrade for many iPhone, iPad and iPod Touch owners, here are a few tips to keep in mind before you take the plunge. First, make sure your device is eligible for the update. Here’s of the list of devices covered: iPhone 4s, iPhone 5c, iPhone 5s, iPod Touch 5th generation, iPad 2, iPad with Retina display, iPad Air, iPad […]
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 […]
The start of the United Arab Emirates’ first consumer credit-rating bureau last week will help banks better deal with bad loans six years after one of the world’s worst property crashes. “Banks will intensify their analysis of their existing portfolios,” Marwan Ahmad Lutfi, chief executive officer of the Al Etihad Credit Bureau said in an interview in Dubai today. The reports will allow banks to decide how […]
| By TAP Staff |With deadline fast approaching for Standard Chartered to exit part of its retail business, there is intense speculation over the likely suitor. Mashreqbank, one of the first names normally thrown up as a probable for such acquisitions, has ruled out any interest. The British bank is aiming to sell part of its business in the UAE after it agreed to close some accounts […]
In a move to beef up its Intercloud strategy, Cisco is acquiring a privately-held company called Metacloud. The firm deploys and operates private clouds for global organizations with an OpenStack-as-a-service model. Metacloud’s model stands out in the industry because it both delivers and remotely operates production-ready private clouds in a customer’s data center. Cisco figures the platform will accelerate its strategy to build the world’s largest Intercloud. […]
As PayPal girds up to go after a big new rival in the online payment arena, it’s doing so by taking shots at that competitor’s security track record. Not long after Apple unveiled Apple Pay, its new contactless payment system, PayPal took out a newspaper advertisement slamming the new service. Apple Pay, suggests the ad, is no more safe than a selfie in the iCloud, making reference […]
CEO Akbar Al Baker at a press conference on the delivery of the first Airbus A380 to Qatar Airways in Hamburg. European Pressphoto Agency Qatar Airways has caught the “revolution” bug that has swept the Middle East as Chief Executive Akbar Al Baker promises changes for business class seats at the airline that prides its reputation for high-end service. By mid-2016 the airline plans to roll out […]
