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Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // Nvidia appoints Colette Kress interim chief after Huang departure // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // Rooftop solar planning gaps behind power shortages // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA // TORRAS Launches Two New iPhone Duo Cases from Its Popular Ostand Series, Addressing Foldable Phone Users’ Concerns About Difficult Stand Positioning and Scratches // Microsoft apologises as Outlook services recover after outage // Hackers falsify NVIDIA GPU readings to mask cryptomining // October Food Price Shock Has Far Reaching Consequences // Sun World Ba Den Mountain marks Vietnam Culture Day, welcoming Cambodian visitors over Bon Om Touk // Microsoft outage leaves Outlook and Teams users disconnected // Lego restores BrickLink marketplace after security investigation // The Honey Trap Is The Headline, The Chip Pipeline Is The Story // 11 Boutique Xinjiang Wineries to Debut in Singapore // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // US resumes flights after nationwide air traffic shutdown // Microsoft restores services gradually but gives no recovery deadline // Woman found dead as bank moves to repossess home // Fujairah highway pile-up leaves 14 dead and 30 injured // China Reconciled To U.S. Curbs On Chips Exports, Woos South Korea For Supply //

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Siemens has been awarded a contract valued at QAR 920 million ($253 million) by the Qatar General Electricity and Water Corporation (KAHRAMAA) for the further expansion of Qatar’s power supply system. The contract includes the construction of nine turnkey substations for Phase 11 of KAHRAMAA’s Qatar Power Transmission System Expansion project. The utility provider’s expansion project aims to ensure stable power supply to all sectors including households, […]

Dubai is considering listing some of its largest and most valuable state-controlled companies such as the Emirates airline in a move that could raise billions of pounds in revenue. Mohammed al-Shaibani, Dubai’s finance chief, revealed that some of the state-owned companies could also be partially floated on the London Stock Exchange and signalled that the emirate views the UK as a strategic location for future investment. “We […]

China’s credit-market gauges are triggering alarm bells, as banks grow cautious in lending to each other while investors prefer the safest government bonds. The spread between the two-year sovereign yield and the similar-maturity interest-rate swap, a gauge of financial stress, reached 121 basis points on Feb. 19, the widest in Bloomberg data going back to 2007. Two days later, the cost to lock in the three-month Shanghai […]

Middle East fund managers remain bullish on most of the region’s major equity markets, but some are shifting money from the United Arab Emirates to less richly valued markets, a  Reuters survey  shows. The survey of 15 leading investment managers, conducted over the past 10 days, found 53 percent – a four-month high – expected to raise their equity allocations to the Middle East over the next […]

The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five of the biggest gold dealers, are a sign of collusive behavior and should be […]

A last official link between the Gulf’s colonial era and its commercially dynamic present, Bill Duff devoted his life to Dubai and played a bigger part than any other westerner in the early transformation of the emirate from obscure outpost into global hub. Duff, who has died aged 91, arrived as an economic adviser in 1959 in what were called the Trucial states. His mission came at […]

The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems. Just a few of the roadblocks: Independent producers will spend $1.50 drilling this year for every dollar they get back. Shale output drops faster than production from conventional methods. It will take 2,500 new wells a year just to sustain output of 1 million barrels a […]

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China’s yuan surpassed the Swiss franc to become the seventh most-used world payments currency in January, global transaction services organization SWIFT said on Thursday. With a market share of 1.39 percent, the yuan remained one of the top 10 most-used currencies for payments worldwide for the third consecutive month. It ranked eighth in December. Yuan payments increased by 30.6 percent while the growth for all payment currencies […]

The ruling Congress party, which surveys suggest will be ousted from power in elections due by May, called on Wednesday for opinion polls to be banned during the campaign after a TV news report alleged survey data was routinely manipulated. The News Express channel said a “sting operation” using hidden cameras had exposed malpractices by a clutch of polling agencies that included fudging numbers at the behest […]

Manhattan Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday. In the attacks – known as distributed denial of service attacks – hackers overwhelmed bitcoin exchanges by sending thousands of phantom transactions. At least three exchanges were forced to […]

First Gulf Bank (FGB) AGM approved a cash dividend of 100% of the capital and 30% bonus shares for the financial year ending 31 December 2013. Owners of FGB shares registered on Sunday 09/03/2014 (buyers on 05/03/2014) are eligible to cash dividends and bonus shares. The AGM also approved the financial statements for the year ending December 31, 2013. Abdulhamid Saeed, Managing Director, said the distribution of […]

The Dubai Gold and Commodities Exchange (DGCX) and Dalian Commodity Exchange (DCE) announced the simultaneous launch of their respective polypropylene futures contracts. The concurrent launch of both the Exchanges’ contracts is designed to raise substantial liquidity for global trading of the products. The contracts will go live on February 28, 2014. DGCX and DCE have been working closely to develop plastics contracts following the signing of a […]

In an age of aerial drones and driver-less cars, Rolls-Royce Holdings Plc is designing unmanned cargo ships. Rolls-Royce’s Blue Ocean development team has set up a virtual-reality prototype at its office in Alesund, Norway, that simulates 360-degree views from a vessel’s bridge. Eventually, the London-based manufacturer of engines and turbines says, captains on dry land will use similar control centers to command hundreds of crewless ships. Drone […]

|By Pranay Gupta| When I look out of the windows of my 25th-floor apartment in Dubai, I see the Persian Gulf shimmering a few blocks away. Cruise ships are parked at the dockyard, and in the blue waters beyond a steady stream of oil-laden tankers head out to quench the world’s thirst for black gold. Closer to me are other skyscrapers, vast shopping centers, and crowded convention […]

|By Kalyani Shankar| With the arrival of the AAP party chief Arvind Kejriwal in the national scene, after he quit his post as Delhi chief minister, the ensuing Lok Sabha elections seem to be interesting with one more player added to the confusing poll scene. The AAP is planning to contest more than 350 of the 542 seats. Don’t think Kejrwal is acting impulsively. He has taken […]

|By Ole Hansen| Commodities showing strong gains for a third week with positive performances seen across all sectors, not least agriculture where coffee and sugar were strong performers followed by precious metals. Growth-dependent commodities such as energy and industrial metals also showed a positive return but were held back by another decline to a seven-month low in Chinese manufacturing confidence. Adverse weather across the Americas continues to […]

A sprawling forested estate of graceful waterways and summer houses – half the size of Monaco but just one hour’s drive from Kiev – stands as a symbol of the folly of Ukraine’s fugitive president. Even the most cynical Ukrainians, who on Saturday streamed to see Viktor Yanukovich’s luxury estate, rubbed their eyes in disbelief when they were confronted by the scale of the opulence he built […]

Heavy morning fog and zero visibility driver alerts notwithstanding, hundreds of investors descended at Emaar Properties’ Downtown sales office early on Saturday to buy townhouses in Mira Oasis in the Reem master development. But as the numbers swelled, Dubai’s largest developer cancelled the first-come first-served approach and adopted an “online registration”system in order to manage the crowd. “There was a huge rush at the Emaar sales office… […]

India’s Multi Commodity Exchange (MCX) is planning to sell its stakes in the Dubai Gold and Commodity Exchange (DGCX) to raise resources, the Economic Times reported. MCX currently holds 3.4% in DGCX, currently valued at $1. The Indian exchange had held 10 per cent stake in DGCX when it began operations in 2005, but it was later reduced to 5 per cent. In October last year, this […]

 Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal that places the world’s largest social network closer to the heart of mobile communications and may bring younger users into the fold. The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. The WhatsApp deal is […]

For years, Abu Dhabi’s real estate market has paled next to its more dynamic, glamorous rival in neighbouring Dubai. But that may be changing as Abu Dhabi engineers a market recovery that could attract billions of dollars of fresh foreign investment. Real estate prices in Dubai jumped over 20 percent last year, analysts estimate, as the emirate rebounded from a crash in 2008-2010 which slashed prices by […]

Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency. The kiosks, to be installed in Seattle, and Austin, Texas, are similar to ATMs but have scanners to read government-issued identification such as a driver’s license or a passport to […]

High energy price volatility has for the first time replaced global climate framework as the top critical uncertainty driving the world energy agenda, according to the 2014 World Energy Issues Monitor, released by the World Energy Council (WEC). Global climate framework uncertainty, while still a key issue, is now perceived by energy leaders to have less impact than in the previous three years of the study. Meanwhile, […]

A widening probe of the foreign-exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders. Electronic dealing, which accounted for 66 percent of all currency transactions in 2013 and 20 percent in 2001, will increase to 76 percent within five years, according to Aite Group LLC, a Boston-based consulting firm that reviewed Bank for International Settlements data. About 81 […]

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Just in:
TORRAS Launches Two New iPhone Duo Cases from Its Popular Ostand Series, Addressing Foldable Phone Users’ Concerns About Difficult Stand Positioning and Scratches // Microsoft restores services gradually but gives no recovery deadline // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // Crescent Enterprises venture arm funds Oyster Therapeutics development // Woman found dead as bank moves to repossess home // The Honey Trap Is The Headline, The Chip Pipeline Is The Story // Salik posts Dhs1.045bn profit despite lower toll traffic // US resumes flights after nationwide air traffic shutdown // Saudi fund assets forecast to cross $400 billion // 11 Boutique Xinjiang Wineries to Debut in Singapore // October Food Price Shock Has Far Reaching Consequences // Rooftop solar planning gaps behind power shortages // Electoral register gains 2.17 lakh voters // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // Inpex reaffirms Gulf oil strategy despite shipping constraints // Microsoft outage leaves Outlook and Teams users disconnected // Microsoft apologises as Outlook services recover after outage // Messi affair SIT finds all-round violations // Fujairah highway pile-up leaves 14 dead and 30 injured // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA //