In such an environment, not only does a case for privileged access based on Washington tradition play into one of Trump’s core campaign narratives, but it also fails to anticipate the inevitable response from the White House: What use are you to us? With audience fragmentation and the rise of social platforms, the traditional media’s collective leverage over those in power has been diminished, and the Trump […]
The landscape of public transport is changing across the world. Not long ago, the only option for people who did not have their own car was to queue for a paper ticket and squeeze into a sardine-can bus or train. Today, the new normal is to download a ‘smart’ app and book a point-to-point ride for an ever-diminishing cost. Ride-hailing apps such as Uber and Careem are […]
The directive to identify new ways to hasten the demise of the Islamic State, also known as ISIS and ISIL, has been widely anticipated by military commanders, who have begun drafting classified options to increase the pressure on the militant group, especially in Raqqa and Mosul, the stronghold in Iraq. Continue reading the main story Work on the directive was described by several current and former officials […]
Dubai, January 26, 2017 UAE Konica Minolta Business Solutions Middle East, held its annual Middle East Distributor Conference recently, at the Dusit Thani Hotel in Dubai. More than eleven distributors from across the Middle East were present at the event. With a theme of “Driving Smarter Workflows”, the one-day long conference featured informational presentation, educational discussions, future strategy, and demonstrations of Konica Minolta hardware, software, and managed […]
Consolidated Activity Highlights as at end-December 2016: USD 20.8 billion in Assets USD 17.1 billion in Deposits USD 5.2 billion in Loans Advertisement USD 2.1 billion in Total Equity USD 165 million in Net Profit Byblos Bank Headquarters, 26 January 2017 Byblos Bank overall results for 2016 were satisfactory given the difficult economic and financial conditions in Lebanon and the region. Lower oil prices and revenues in several countries […]
|By Arabian Post Staff| UAE telecom revenue reached Dh31.9 billion in 2015, according to the country’s Telecommunication Regulatory Authority’s (TRA). Mobile revenue decreased 8.57 per cent to Dh23.34 billion in 2015 from Dh25.53 billion in 2014. UAE residents spent 31.49 billion minutes using mobile phones in 2015, up from 28.70 billion minutes in 2014. Mobile phone subscriber base reached 17.94 million in the UAE while fixed telephone […]
Communications giant Edelman on Wednesday announced the appointment of a former senior executive of the UK Prime Minister’s Office to a key role in the Middle East, based in Dubai. Robin Gordon-Farleigh has been hired as regional director for government strategies for the Middle East and will take up the role in March. Most recently he was the news planner in the UK Prime Minister’s Office where […]
Wikimedia Commons Apple has announced a joint venture with NV Energy to build a 200-megawattt solar plant in Nevada, furthering the firm’s goals to utilize only renewable energy sources in the future. The companies revealed the venture on Wednesday, which aims to provide enough power to cater for Apple’s energy needs in its Reno Technology Park data center. In the coming weeks, NV energy will file an […]
EBay on Wednesday posted fourth quarter financial results that met market expectations, thanks to a solid holiday season and strong growth in StubHub revenues. The e-commerce company reported non-GAAP earnings of 54 cents a share on revenue of $2.4 billion, as Wall Street was expecting. Earnings were up 8 percent year-over-year, while revenue was up 3 percent. EBay generated $620 million of operating cash flow in Q4 […]
– Top selling agents from more than 39 GCC travel companies hosted from 16-19 January 25 January 2017 Dubai, UAE – This month Dubai welcomed over 50 delegates from across the GCC in two familiarization trips including travel and tourism industry VIPs and representatives. With the GCC contributing 24% of all visitors to Dubai from January – November 2016, it continues to be a key focus for […]
Dubai International Airport, the hub for Emirates airline, expects passenger growth to slow over the next eight years due to capacity limitations, the operator’s chief executive said on Tuesday. The world’s busiest international airport registered 7.2 percent passenger growth in 2016 to 83.6 million, operator Dubai Airports said in a statement. It is the airport’s second slowest growth rate in at least eight years, according to Reuters […]
By Mitra Taj and Teresa Cespedes | LIMA LIMA A top Latin America executive of Brazil’s Odebrecht SA [ODBES.UL] pushed back against calls to bar the company from countries where it has admitted to bribery across the region, warning “radical” reactions would jeopardise its ability to pay penalties. Odebrecht is “struggling to survive” in the wake of a growing graft scandal in Latin America and wants to […]
24 January 2017 Warba Bank has today announced that, with immediate effect, Simon Clements has been named Chief Retail Banking Officer, taking over the responsibilities for Warba’s Retail Banking Group. In this role as Chief Retail Banking Officer, Clements will work towards enhancing customer experience and developing new and personalized products and services for our customers, significantly bettering our capability to support the Bank’s growing presence in […]
Alibaba Group has reported a 54 percent year-on-year revenue growth to US$7.67 billion for the quarter, ended December 31, fuelled by record sales from China’s Singles Day online shopping festival. The Chinese e-commerce operator said revenue from its core commerce business, which included its Taobao and Tmall online platforms, climbed 45 percent to US$6.71 billion (46.58 billion yuan). It pointed to record sales from the November 11 […]
Emirates airline has announced that it will operate the first ever scheduled commercial Airbus A380 flight to South America when it upgrades its Dubai–Sao Paulo service on March 26. Replacing the existing Boeing 777-300ER used on this route, the A380 service will mark the airline’s 10th year of operations in Brazil, which it began with daily flights between Dubai and Sao Paulo in October 2007. In 2012, […]
By David Brunnstrom and Matt Spetalnick | WASHINGTON WASHINGTON The new U.S. administration of President Donald Trump vowed on Monday that the United States would prevent China from taking over territory in international waters in the South China Sea, something Chinese state media has warned would require Washington to “wage war.” The comments at a briefing from White House spokesman Sean Spicer signalled a sharp departure from […]
23 January 2017 Foursan Group, a leading Middle Eastern private equity firm, announced today the successful exit by its fund, Foursan Capital Partners (“FCP”), of its investment in Jordan Dubai Islamic Bank (“JDIB”), a premier Islamic banking institution listed on the Amman Stock Exchange. FCP was the second largest shareholder of JDIB and sold its stake to Bank Al-Etihad, a leading, publicly-listed financial services institution, realizing a […]
By Maher Chmaytelli and Saif Hameed | BAGHDAD BAGHDAD Iraqi officials said on Monday government forces had taken complete control of eastern Mosul, 100 days after the start of their U.S.-backed campaign to dislodge Islamic State militants from the city. The deputy parliament speaker announced the capture of the east of the city, Islamic State’s last major stronghold in Iraq, after a meeting with Prime Minister Haider […]
Generali, Italy’s largest insurer, has bought voting rights amounting to 3.01 per cent in Intesa Sanpaolo in a defensive move designed to block a mooted takeover bid by the country’s largest bank. The move came after shares in the insurer rose nearly 4 per cent on Monday following a report in Turin-based newspaper La Stampa suggesting Intesa was considering a takeover bid in tandem with Germany’s Allianz. […]
Dubai-based Emirates airline has confirmed a restructuring of staff has seen some jobs become redundant. The airline declined to comment on the number of positions lost, but said “a very small number of staff” had been impacted. Arabian Business understands the training and recruitment division was affected after the airline decided to limit staff hiring and non-essential training, although this was not confirmed by Emirates. Impacted employees […]
Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Dammam, Saudi Arabia, 23 January 2017 Petrotechnics, the developer of Proscient – the hazardous industries’ first software platform for Operational Excellence – has been selected by Accenture […]
ANKARA Sixty-five Islamic State militants were killed in operations by the Turkish army in support of rebels in northern Syria on Sunday, the Turkish military said on Monday. Turkey launched an operation to drive the jihadists away from the Syrian border five months ago and have been besieging the Islamic State controlled town of al-Bab for weeks. (Reporting by Orhan Coskun; Writing by Daren Butler; Editing by […]
January 23, 2017 by: Michael Peel in Manila Business from the US has driven a long boom in the Philippines’ flagship outsourcing industry, but potential political threats to ambitious growth plans now loom in both countries. Global companies are scrambling to work out whether tough talk from Rodrigo Duterte and Donald Trump, the Philippine and US presidents, will mean trouble if they run operations in the Philippines. […]
PayTM, the Alibaba-backed Indian smartphone payments platform, plans to enter the asset management market a month before it begins banking operations in the country. The group, which has attracted more than 170m users since it started seven years ago, told the FT that its aggressive strategy to disrupt traditional finance will soon extend to loans, wealth management and mutual fund products. The move could give PayTM an even […]
