DubaiDino at the Dubai Mall – EMG’s flagship property in the emirate. Associated Press Retail giant Emaar Malls Group priced its $1.58 billion initial public offering–the biggest in Dubai in seven years–at the top of the range amid strong demand for its stock. Morgan Stanley is a joint global coordinator for the offering and also one of the joint bookrunners. Patrick Delivanis, its head of investment banking […]
By Ashok B Sharma The likely face off between Indian and Chinese troops at the line of actual control (LAC) in Ladakh has been averted. Thanks to efforts of the Indian External Affairs Minister Sushma Swaraj and her counterpart Wang Yi at the margins of the UN General Assembly. The Chinese troops have begun withdrawing from Chumar in Ladakh following the flag meeting between two sides. […]
Defiant pro-democracy demonstrators remained on the streets of Hong Kong’s financial center early Monday, after a day of protest-fueled clashes that left at least 38 people injured. Despite calls from organizers for them to return home, many of the protesters continued to jam streets of the business district. The demonstrations, which authorities have intermittently attempted to disperse by force, follow a week of student-led boycotts and protests […]
By BRUCE WEBER September 27, 2014 Michael Harari, an Israeli intelligence agent who led the hit squad that was sent to avenge the murders of 11 Israeli athletes by Palestinian terrorists at the 1972 Olympic Games in Munich, died on Sept. 21 in Tel Aviv. He was 87. His death was reported by The Associated Press, citing a statement by Israel’s prime minister, Benjamin Netanyahu, who called Mr. Harari […]
As Google Chairman Eric Schmidt hit the interview trail this week to promote his new book, he addressed a number of contentious topics including WikiLeaks founder Julian Assange and the ever-escalating battle between his company and Apple. Schmidt was on Bloomberg TV Wednesday to talk about “How Google Works: The Rules for Success in the Internet Century,” a book he co-wrote with Jonathan Rosenberg. When mention was […]
Staying in touch with technology is crucial for success The five must-have tools for everyone in real estate RIYADH, 1 days ago As new technologies continue to evolve, the necessary tools for success in the real estate industry have developed. It has become essential for real estate agents, developers, buyers, and sellers to take advantage of the features provided by the innovative apps, devices, and technology that […]
Gulf Capital buys into top Egypt glass firm ABU DHABI, 21 hours, 31 minutes ago Gulf Capital, a leading alternative investment firm, has completed the acquisition of a strategic minority stake in Middle East Glass Manufacturing (MEG), Egypt’s largest container glass and PET manufacturer. MEG is a worldwide approved supplier of glass bottles for Coca-Cola, an approved supplier for Pepsi, Nestle and other major beverage producers locally […]
The gold price dropped on Monday September 22nd to USD 1212 and EUR 942. Dollar gold is close to retest its bottom for the third time since mid-2013, a price level which was seen only in the summer of 2010. For readers seeking to understand what is going on, we are providing a comprehensive view on the gold market. We take all perspectives into account: price and chart patterns, […]
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 […]
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 […]
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 […]
Customers pre-ordered more than four million iPhone 6 and 6 Plus handsets in just the first 24 hours, according to Apple, around double the number the company saw for the iPhone 5s and 5c a year ago. Apple is on track to top 10 million units sold over the entire launch weekend, if the tech giant can keep up with the level of demand. The smartphones first […]
|By TAP Staff| Emaar Properties said it’s seeking to raise as much as $1.58 billion from the initial public offering of its malls unit in the UAE’s biggest IPO since 2007. Emaar Malls Group PJSC plans to sell 2 billion of its founders’ shares, or about 15 percent of its equity, in a price range of 2.5 dirhams to 2.9 dirhams apiece, according to a company statement […]
UAE. Two-thirds (66 percent) of millennial high-frequency travellers rate “unique rewards” as an important factor when choosing a hotel loyalty program, compared with just 43 percent of their older counterparts, according to a new Deloitte study, “Winning the Race for Guest Loyalty”. “Our study indicates that customers are waiting to see which program will provide them with the greatest relevant rewards before they commit to a brand, […]
|By TAP Staff| Just over a year ago, China’s Xiaomi was little more than a mid-sized smartphone-maker with an odd name (Xiaomi means “millet”), trailing household brands such as Samsung, Lenovo, Coolpad and others. During the first six months of 2014, however, this four-year old company sold 26m smartphones, propelling it to pole position in the Chinese market. Next year, Lei Jun, its founder and CEO, expects […]
President Obama on Wednesday in Washington. Mr. Obama says he is aware of the “political price” he pays for being deliberate. By PETER BAKER September 13, 2014 WASHINGTON — Just hours before announcing an escalated campaign against Islamic extremists last week, President Obama privately reflected on another time when a president weighed military action in the Middle East — the frenzied weeks leading up to the American invasion of […]
As the new school year kicks off on Monday in Turkey, some Kurdish parents will for the first time have access to Kurdish-language education for their children. In a small but significant step towards more cultural rights for Turkey’s estimated 15 million Kurds, subjects such as mathematics and geography will be taught in three private pilot schools in Kurdish, according to three Kurdish civil organizations providing the […]
Dubai’s boom-and-bust real estate market can land you at the wheel of a Rolls-Royce or behind bars. Kabir Mulchandani should know: he’s experienced both. Five years after spending 140 days in jail facing charges of fraud and embezzlement for which he ultimately was cleared, the chairman of developer SKAI Holdings stands at a building site watching cranes start work on one of the company’s three projects. They […]
By Leila Abboud PARIS Mon Sep 8, 2014 12:50pm IST A computer user poses in front of a Google search page in this photo illustration taken in Brussels May 30, 2014. Credit: Reuters/Francois Lenoir/Files A panel appointed by search engine Google will hold the first of a series of meetings on Tuesday to debate the balance between privacy and the free flow of information after a May […]
|By TAP Staff| Emaar Properties will launch the initial public offer of its shopping malls and retailing unit on Sept. 14. The developer further said the subsidiary will be listed on Dubai’s main stock market on Oct. 2. The offer would be one of the largest equity sales in the Middle East since 2008, underlining Dubai’s recovery from a credit crisis that forced many state-linked developers to […]
Valérie Trierweiler, the high-heeled hellcat whose memoir of their time together has plunged the surreally unpopular president into the biggest crisis anyone at the Elysée Palace can recall Photo: REX FEATURES Beneath the twinkling chandeliers of Cardiff Castle’s banqueting hall last week, François Hollande wore the pale, sweaty look of a man in big trouble. Back home, the economy was collapsing, the public was in revolt, the government […]
Telr, the payments company based out of Singapore and Dubai, has merged with a payment gateway in the United Arab Emirates to launch its services to ecommerce websites across the Middle East. Telr website The company, founded by ex-PayPal Middle East director Elias Ghanem, plans to offer ecommerce websites a payment gateway and delivery of goods, and will also provide short-term financing to help scale some startups. […]
Islamic debt could become a source of funding for U.K. infrastructure projects from wind turbines to high-speed trains and airports as Britain cements its position as the first sukuk market in a non-Muslim nation. Investors including Bank of London and the Middle East see scope for the U.K. to issue Shariah-compliant bonds with varying maturities after the Debt Management Office attracted bids for more than 10 times […]
Secretary-General Hassan Al-Thawadi (3rd L) of Qatar’s Supreme Committee for Delivery and Legacy, the nation’s 2022 World Cup organising committee, speaks during a news conference to announce the start of work on the Al-Khor Stadium in Al-Khor in June. Reuters Investors in Qatar are likely to hold their breath, and cash, this month: Well, at least until FIFA reports on its investigation of the bidding process for […]
