Standard Chartered Bank (China) (SCB China) has launched a direct trading business for RMB/AED and RMB/SR and the bank becomes the first batch of direct trading market-makers for RMB against AED and SR in China’s inter-bank FX market. Sami Mahfouz, head of Financial Markets UAE, said: “Standard Chartered has a broad network and historical presence in the Middle East and we offer one-stop products and solutions covering […]
The Interpreter By AMANDA TAUB It is a truth universally acknowledged by every war correspondent, humanitarian aid worker and Western diplomat: Some wars, like Syria’s, receive tremendous public attention, which can translate into pressure for resolution. But many others, like Yemen’s still raging but much ignored conflict, do not. Some of the reasons are obvious; the scale of Syria’s war is catastrophic and much worse than Yemen’s. […]
DUBAI // City authorities plan to make Dubai fully accessible to the disabled. Surveys in hospitals, hotels, mosques, malls, schools and transport hubs will determine what needs to be done. Finding a way for disabled people to get from their homes to any destination by public transport is a challenge, but it is not impossible, planners say. Senior officials from transport authorities, the municipality and disability support […]
DUBAI // As Amanda Fagan embarks on her 16th and final round of chemotherapy treatment this week, she has a message for women in the UAE – if you do one thing this October, have a mammogram. The 44-year-old was told she has breast cancer on April 24 after going for her annual scan. “The radiologist was concerned with what she saw on the mammogram and ultrasound, […]
SHARJAH // Two men drowned while five others had to be rescued at sea in two separate incidents off the coast of Sharjah on Friday. The body of one of the men, a Somali in his twenties, was recovered by search and rescue teams on Saturday morning. He had gone missing while swimming with an Egyptian friend, who had been rescued after the incident was reported off […]
By Andrew Chung | NEW YORK NEW YORK A federal jury in Texas on Friday night ordered Apple Inc to pay more than $302 million in damages for using VirnetX Holding Corp’s patented internet security technology without permission in features including its FaceTime video conferencing application. The verdict came in a new trial in Tyler, Texas that had been ordered by the judge in the case, Robert […]
By Alexandria Sage | SAN FRANCISCO SAN FRANCISCO California will allow companies more leeway in testing self-driving cars on public roads while restricting how the nascent technology is advertised under revised draft regulations released on Friday. In one of the biggest changes, the new regulations would allow for the absence of a driver in some instances, provided there is two-way communication with the vehicle. The […]
IT services provider Cognizant Technology Solutions Corp (CTSH.O) said it was conducting an internal investigation into possible violations of U.S. anti-corrupt practices laws related to payments in India, sending its shares tumbling on Friday. The company also said President Gordon Coburn had resigned and would be replaced by Rajeev Mehta, the head of IT services. Cognizant, which gave no reason for Coburn’s departure, did not respond to […]
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Four States Sue To Stop U.S. from Ceding Internet Control Four states — Arizona, Oklahoma, Nevada, and Texas — are suing to stop the U.S. government from transferring control of the Internet to an international body on Saturday. A U.S. Department of Commerce contract with the Internet Corporation for Assigned Names and Numbers, or ICANN, is set to expire Friday. ICANN, formed in 1998, manages domain names […]
By HWAIDA SAAD and NICK CUMMING-BRUCE September 30, 2016 BEIRUT, Lebanon — An array of groups allied with the Syrian government pressed an assault on rebel-held eastern Aleppo on Friday, as the World Health Organization said heavy bombardment of the area by Russia and Syria had killed 338 people in the last week, including more than 100 children. With more of the city’s already limited hospitals destroyed in the latest offensive, […]
Apple Inc. is reportedly planning to open its first research and development center in China, allowing the tech giant to extend its reach in a vital market and maintain goodwill with the Chinese government. The Cupertino tech giant will eventually invest 300 million yuan, or $45 million, in the facility, which will have 500 employees, according to the state-run China Daily newspaper. Zhongguancun Science Park, a Beijing […]
Enterprises will soon be able to speed their Ethernet networks by up to five times their current speeds without having to replace their existing infrastructures thanks to a new networking standard announced this week. The standard, officially known as IEEE 802.3bz, defines 2.5 and 5 Gigabit Ethernet speeds over the existing installed base of twisted pair copper cabling. The new networking protocol will help companies continue to […]
When I went to Las Vegas last week I didn’t go to visit clubs, gamble or even take in a show. Those were activities for another trip. This time I attended the Automotive IQ System Safety conference. I met engineers, auto executives, and computer programmers who shared the same concern about autonomous vehicles: how safe is safe enough? Companies like Uber and Tesla are rolling out autonomous technology faster […]
By PETER BAKER September 30, 2016 JERUSALEM — From across the ocean and across the Green Line, they came on Friday to the mountaintop sanctuary of Mount Herzl to bid farewell to Shimon Peres, marking what one called the “end of the era of giants.” But the question of the moment was whether it was a funeral for a man or for his dream. Twenty-three years after Mr. Peres […]
By MARK LANDLER September 30, 2016 WASHINGTON — When Bill Clinton took his place on Friday at Mount Herzl in Jerusalem for the state funeral of Shimon Peres, he was part of a tangled tableau: leaders from Israel and the United States who came together to mourn a giant of peace but who nurse their own political feuds and rivalries, stretching back two decades. Standing close to the former […]
UAE-based telecommunications service provider du has demonstrated e-SIM for the first time in the Middle East, in collaboration with Gemalto, a world leader in digital security. The e-SIM initiative will enable du’s subscribers to activate the e-SIM on any device over the air. This will allow for an enhanced user experience in a new era of technology adoption that supports multi-device usage – such as smart watch, […]
Reports of unruly passengers disrupting airline flights have soared almost 17 per cent worldwide in 2015, with incidents such as passengers being verbally abusive or refusing to obey cabin crew occurring on one out of every 1,205 flights, the international trade association for airlines said on Wednesday. Some 10,854 plane rage incidents were reported to the International Air Transport Association by airlines last year, up from 9,316 […]
Dutch architect and scientists have delivered proof of principle for what started years ago with the question “Can we get energy from gravity?” The invention can now lead to a sustainable home energy generator. Over the past six months, architect Janjaap Ruijssenaars at Universe Architecture, Amsterdam and scientists from VIRO in Hengelo (NL) have been working on the physical evidence. As was expected based on earlier […]
Facing the prospect of another sharp fall in oil prices, Opec has finally put forward a measure that they hope will keep a floor on oil prices until the next demand season arrives, said Barclays in a new report. Based on media reporting, Opec plans to appoint a committee to iron out production cuts and baseline levels, and some ministers are circulating a production level of 32.5-33.0 […]
UAE. (ME NewsWire )–Despite the fact that FinTech has been causing significant digital disruption to global finance for almost a decade, the sector is still in need of strong guidance against regulatory hurdles, says a new report from ACCA (the Association of Chartered Certified Accountants). The report, FinTech – transforming finance, finds that while FinTech’s impact on finance and banking is proving to be as revolutionary to […]
UAE. The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst on-going global uncertainty, according to the H1 2016 UAE Industrial & Logistics MarketView, by global real estate consultancy firm CBRE. The softening of crude oil prices over the past 18 months has had mixed effects on the UAE industrial sector, and on the markets in Dubai and […]
The GCC insurance industry value has more than tripled between 2006 and 2015, with insurance premiums increasing to $24 billion in 2015 compared with $6.4 billion in 2006, reported the Gulf Daily News, our sister publication. To read further, please visit GDNonline. Let’s block ads! (Why?)
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and Jordan Securities Commission (JSC) signed an agreement (MoU) to enhance regulatory cooperation and foster cross-border activities. The MoU establishes a framework for both Authorities to co-operate on supervisory matters and exchange of information to maintain the stability and well-being of the financial systems in each respective capital market. This agreement further complemented and […]
