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UAE. A recent qualitative report sponsored by Citi and conducted by Nielsen, a leading global provider of information and insights into what consumers watch and buy, studied the personality of HNWI in the UAE. The results of the research revealed the different needs that they believe are impacting their disposition towards wealth management and analyzed their attitudes towards investments. The participants were represented by a small group […]

UAE. To preserve economic and social stability and continue with development plans, MENA governments are considering tax measures to broaden their revenue base and increase tax yields. The evolving tax landscape in the MENA region was discussed at the EY MENA Tax Conference held recently in London. The conference was attended by EY Tax specialists and senior finance and tax executives from major European companies with investments […]

BRUSSELS — Turkey turned to its allies in NATO on Tuesday for political backing, after it agreed to step up efforts against the Islamic State but also renewed its conflict with Kurdish militants. “All allies expressed their strong support for Turkey, and we stand all together, united in solidarity with Turkey,” Jens Stoltenberg, the NATO secretary general, told reporters at the alliance’s headquarters in Brussels after a […]

Two Emirati brothers who went missing off the southern coast of Oman are yet to be located The Omani authorities said search operations to find Abdullah Al Dhaheri, 21, and Mansour Al Dhaheri, 19, continue. The young men disappeared on Thursday during a recreational trip for Eid Al Fitr, visiting the town of Mirbat. They were at a beach in Dhofar province, east of Salalah, when they […]

The Incirlik Air Base in southern Turkey on Monday. Turkey and the United States agreed on a plan that would create what officials are calling an Islamic State-free zone, which the Turks say could also be a “safe zone” for displaced Syrians. By ANNE BARNARD, MICHAEL R. GORDON and ERIC SCHMITT July 27, 2015 BAGHDAD — Turkey and the United States have agreed in general terms on a plan that envisions American warplanes, […]

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 […]

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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 […]

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