ISTANBUL — As Turkish fighter jets pounded Kurdish militia targets in northern Iraq late Friday, the implications of the attack weighed heavily on Turks and Kurds across the border in Turkey, as they faced the prospect of being drawn back into a bloody civil conflict after years of relative peace. In 2013, Turkey brokered a historic settlement with the separatist Kurdistan Workers’ Party, or P.K.K., vowing to […]
UAE. Women are just as likely as men to find employment in small and medium-sized businesses in the UAE, according to the latest research by business intelligence company MEED. Of the more than top 50 SMEs in the Emirates which participated in the study, 50 per cent said they employ an equal number of women and men in their organisations. About 40 per cent even reported having […]
REUTERS – Amazon.com Inc’s shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company’s market value, after strong growth in the e-commerce giant’s cloud business drove a surprise quarterly profit. The company’s market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the world’s biggest retailer. Revenue from Amazon’s cloud operations – Amazon Web Services […]
The National staff MUSCAT // A search operation is underway to find two Emiratis reported missing after getting into trouble while swimming off the coast of Oman on Friday. The two were part of a group of 6 people, five Emiratis and one Omani, who entered the water at the beach in the Damr area in Mirbat in Dhofar governorate in the south of the country when […]
ADEN // An Emirati plane landed in Aden at dawn on Friday, bringing humanitarian aid to the southern Yemeni city only hours after its airport came under rocket fire from rebels. In total, four aircraft have arrived at the port city since the symbolic reopening of Aden’s international airport on Wednesday, which followed nearly four months of fierce fighting. The UAE plane delivered medical supplies from the […]
Defense Secretary Ashton B. Carter, right, and Gen. Taleb Shegati al-Kenani, second from right, commander of Iraq’s Counter Terrorism Service, reviewed maps at the joint operations center in Baghdad on Thursday. By HELENE COOPER July 23, 2015 BAGHDAD — Around 3,000 newly American-trained Iraqi troops, along with 500 trained Sunni tribal fighters, have been deployed to help in an expected government offensive to retake the Sunni stronghold of Ramadi […]
MUMBAI With only a tiny share of the world’s fastest-growing major smartphone market, Apple Inc (AAPL.O) is stepping up its push into India, with a first targeted TV advertising campaign, expanded retail network and promotional financing schemes. For years, India has been a low priority for Apple as spending power is weaker than in China, where the company’s iPhones swiftly became must-have devices after their 2007 launch. […]
INTERNATIONAL. In my “Net Assessment of the World,” I argued that four major segments of the European and Asian landmass were in crisis: Europe, Russia, the Middle East (from the Levant to Iran) and China. Each crisis was different; each was at a different stage of development. Collectively the crises threatened to destabilize the Eurasian landmass, the Eastern Hemisphere, and potentially generate a global crisis. They do […]
The IBM logo is seen outside the company’s offices in Petah Tikva, near Tel Aviv October 24, 2011. Reuters/Nir Elias International Business Machines Corp’s (IBM.N) revenue fell for the 13th consecutive quarter and missed the average analyst estimate, as it continued to shed low-margin businesses and the strong dollar weighed on Big Blue’s results. Shares of the world’s largest technology services company fell about 5 percent in […]
WASHINGTON — The Islamic State’s reclusive leader has empowered his inner circle of deputies as well as regional commanders in Syria and Iraq with wide-ranging authority, a plan to ensure that if he or other top figures are killed, the organization will quickly adapt and continue fighting, American and Iraqi intelligence officials say. The officials say the leader, Abu Bakr al-Baghdadi, delegates authority to his cabinet, or […]
Redmond is acquiring field service management solutions provider FieldOne Systems to beef up its CRM business. Here’s the pitch in a nutshell: Consumers expect companies to engage with them in new, more convenient ways. That includes field service capabilities. Once it integrates FieldOne’s technology into Dynamics CRM, Microsoft is convinced that its clients can better manage and deliver service to customers in the field. “Field service management […]
INTERNATIONAL. Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the BofA Merrill Lynch Fund Manager Survey for July. Overall, equity allocations are unaffected by the higher risk aversion, however. • Confidence in the global economy falls sharply: 42percent of investors expect strengthening over next year, down from 55 percent a month ago.• China heads concerns: […]
UAE. Retailers in the UAE experience some of the best conditions in the world in which to operate in, benefitting from a strong quality of infrastructure and a robust economic environment, says Arcadis in its Retail Operation Index. The UAE ranks eighth place in the overall rankings and first place in the Middle East, while quality of transportation and ease of getting up-and-running is holding many other […]
VIENNA — One by one, the roadblocks to a nuclear accord between Iran and the United States had been painstakingly cleared. But as the negotiations went into their third week in the neoclassical Coburg Palace hotel this month, a major dispute lingered over whether a ban on Iran’s ability to purchase conventional weapons and missile technology would remain in place. The American delegation, led by Secretary of […]
Shiite fighters launched a rocket on Sunday toward Islamic State militants from the outskirts of Fallujah, in Anbar Province, Iraq. By OMAR AL-JAWOSHY and ANNE BARNARD July 13, 2015 BAGHDAD — The Iraqi government declared on Monday that it was beginning a major military operation to retake the western province of Anbar from the Islamic State, which occupies much of the area including its major cities, Ramadi and Falluja. It was […]
M&A values reached during Q2 is belowits median level of the last six years. Mena M&A market hits three-year low in Q2 DUBAI, 12 hours, 18 minutes ago The Mena M&A market markedly regressed during the second quarter (Q2) of 2015, well behind its prolonged three-year revived activity, with the total value reaching only $3 billion, a report said. With the total number of completed deals on […]
|By TAP Staff| Dubai’s bilateral trade with was valued at AED 47 billion in the first quarter of 2015, it was revealed. For the whole of last year, Dubai-China trade was worth a record AED 175 billion. The statistics were revealed at a meeting between Director of Dubai Customs Ahmed Mahboob Musabih and Consul General of the People’s Republic of China in Dubai, Li Lingbing. The two […]
UAE. Private sector businesses in Dubai signalled further strong increases in business activity and new orders in June, though the rates of expansion moderated to 27- and 53-month lows, respectively. Despite softer increases in activity and new work, Dubai private sector companies were increasingly optimistic towards the year-ahead, with the degree of positive sentiment reaching a 19-month high. Furthermore, increased confidence towards the business outlook underpinned the […]
Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo, Japan, June 25, 2015. Reuters/Yuya Shino/Files TOKYO An independent investigation of Toshiba Corp’s accounting irregularities is looking at the role played by top officials, people familiar with the matter said, a move that could force a management overhaul at the Japanese conglomerate. As the probe has widened from looking into accounting errors at […]
Redmond is cleaning house. Microsoft just announced plans to restructure its phone hardware business to better focus and align resources. Part of that alignment translates to layoffs. Microsoft will cut up to 7,800 positions, primarily in the phone business. The result: an impairment charge of about $7.6 billion related to assets connected to its Nokia Devices and Services business acquisition. That’s on top of a restructuring charge […]
UAE. Non-oil private sector firms in the UAE reported the weakest improvement in business conditions since August 2013 during June. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace. Meanwhile, inflationary pressures from both input costs and output charges were negligible. The survey, sponsored by Emirates NBD and produced by […]
By ANNE BARNARD and MAHER SAMAAN July 3, 2015 BEIRUT, Lebanon — The fiercest fighting in months raged in the divided Syrian city of Aleppo on Friday, as newly reorganized insurgents carried out a new offensive on government-held areas. Two insurgent coalitions — a new one that includes the Nusra Front, Al Qaeda’s branch in Syria, and one formed in May by local factions long active in Aleppo — attacked simultaneously […]
Innovation key to globalize for top Chinese firms BEIJING, 17 hours, 1 minutes ago Leading Chinese companies are making innovation a strategic priority in their business models to stay competitive in global markets, according to a new report. The Emerging Best Practices of Chinese Globalizers: Develop the Innovation Models report by the World Economic Forum in collaboration with Strategy& (a part of the PwC network) was based […]
|TAP Special|Emirates has released a point-by-point rebuttal of subsidy allegations, asserting that the US legacy carriers got the facts wrong, got the law wrong, and set their sights on an outcome that will be wrong for American consumers, communities and the national economy. This is the airline’s response to allegations of subsidy and unfair competition leveled by the “big three” US legacy carriers – Delta, United and […]
