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Acquisition Positions JumpStart for International Growth & Expansion of its Mobile Game Offerings for Consumers and Educational Institutions Worldwide TORRANCE, CALIF. (July 6, 2017) – NetDragon Websoft Holdings Limited (“NetDragon”; Hong Kong Stock Code: 777), a global leader in building internet communities, announced that it has acquired JumpStart, the leader in learning-based games for kids. A major player in the global online and mobile learning space, NetDragon […]

Dubai-based Fetchr, a delivery-business and consumer technology app, has secured $41 million in a Series B financing round led by New Enterprise Associates Inc. (NEA), the start-up announced. The app addresses the “no address problem” in emerging markets, typically encountered by traditional companies delivering packages to customers. In a region where more than 80% of users have smartphones, fetchr is tackling delivery challenges by going directly to […]

GE Appliances announced a deal with Google Wednesday enabling the US tech giant’s voice control home hub to be used for cooking, cleaning and other functions. The deal enables GE’s “Geneva” to communicate with the Google Assistant, so users can say: “Ok Google, ask Geneva Home to set the oven timer for 10 minutes.” The announcement comes nearly a year after GE Appliances unveiled a similar […]

The company building out the Australian government’s National Broadband Network (NBN) has revealed purchasing 15,051km of copper cabling to date for the purpose of building out fibre-to-the-node (FttN) connections to some newly built premises, also revealing that a portion of its hybrid fibre-coaxial (HFC) network will be new cabling laid by NBN. In response to Senate Estimates Questions on Notice published this week, NBN has explained that […]

VMware announced Tuesday that its Horizon Cloud will support desktop and application workloads on Microsoft Azure. As part of the deal, Horizon Cloud customers can choose to run a fully-managed public cloud infrastructure from VMware, public cloud infrastructure from Microsoft Azure, or a hyperconverged infrastructure (HCI) alternative that lets customers blend their own on-premise infrastructure and appliances. “The addition of VMware Horizon Cloud on Microsoft Azure puts […]

Amman, 14 May 2017  Marking the debut of The Ritz-Carlton brand in Jordan, Al Eqbal Real Estate Development and Marriot International have announced the signing of an agreement to establish The Ritz-Carlton hotel and residences in Amman, which is scheduled to be complete in 2020. The agreement was inked by Tawfiq Fakhouri, Founder and Chairman of Al Eqbal Real Estate Development, and Alex Kyriakidis, President and Managing […]

13 May 2017 Riyadh – Etihad Etisalat (Mobily) represented by its Channel Sales Dept, and in collaboration with its partners (Mishbah Co – AlHadad Co – Qanawat Co – Safari Co – Digico) honored distinguished wholesale point of sales in a ceremony held recently at Novotel Al Anoud Hotel in Riyadh with the presence of Mobily top management and Heads of Mobily partners. This comes out of […]

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· Masaken to open UAE branch to explore new investment and strategic partnership opportunities · Board of Directors decides to study available investment opportunities before increasing firm’s capital 13 May 2017 Abu Dhabi, UAE – The Board of Directors of Masaken for Land and Industrial Development Projects (Masaken Capital), a company listed in Amman stock exchange, held its third meeting in 2017 on Thursday, 11 May, […]

ABU DHABI // Young Emirati diplomats will be key to bringing peace and reconciliation to the Middle East, a group of students heard this week. Reconciliation seems difficult amid tensions and turmoil in the Arab world, but Bernardino Leon, president of the Emirates Diplomatic Academy in Abu Dhabi, likened its future to the unification of Europe following the Second World War. “When you think of what’s going […]

DUBAI, May 9  Expo 2020 Dubai has chosen leading global logistics firm UPS to handle the logistics operations for Expo 2020 Dubai, which is expected to attract millions of visitors over its six-month duration. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the next World Expo will be one the most complex logistics projects UPS has tackled. As […]

On a cold, rainy day at the end of April, more than 30 people gathered at a co-working space in Charlotte, North Carolina for a public conversation about the future of news in the state. Five days later, more than 50 people got together for a similar conversation at a jazz club in downtown Durham. At both events, attendees — which included local journalists and community activists […]

By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korea’s liberal leader Moon Jae-in will take the oath of office as president on Wednesday, tasked with navigating the country out of rising geopolitical tensions over North Korea’s nuclear programme and the risk of a rift with the United States. Moon, 64, is expected to announce major cabinet and presidential staff appointments as early as Wednesday […]

While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]

Invesco’s move to snap up Source, the London-based exchange traded fund provider, has thrust the US asset manager into the centre of an increasingly ferocious battle across Europe’s passive investment industry. European fund managers now face another formidable US competitor in addition to the existing heavyweights BlackRock and Vanguard, which are pursuing a cut-throat ETF price war as they expand their presence in Europe. Atlanta-based Invesco already […]

UAE, May 4, 2017  H.E. Awad Bin Saghir Al Ketbi, Undersecretary of the Supportive Services Sector at the Ministry of Health and Prevention (MOHAP), recently inaugurated the 8th Travel Road Exhibition at MOHAP’s office in Dubai, in cooperation with Dnata. The exhibition was participated in by a number of international companies from the tourism and travel industries who presented MOHAP employees with the best travel and hotel […]

By Nick Carey and Joseph White | DETROIT DETROIT Automotive supplier Delphi Automotive Plc (DLPH.N) on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players. Vehicles driven by humans and powered with petroleum will dominate roads from Shanghai to San […]

Ecobee unveiled its latest connected thermostat at the Collision conference today. Far and away the most interesting bit is its inclusion of a microphone that utilizes Amazon’s far-field voice recognition to deliver Alexa functionality. And if that weren’t enough Alexa in your life, the company will also be building Amazon’s smart assistant directly into smart light switches it has planned for later in the year. The Ecobee4 […]

In 2001, “Frontline” aired a documentary by investigative reporting legend Lowell Bergman. The movie, which chronicled the new cowboys of “Energy Alley,” contained never-before-seen interviews with Enron CEO Jeffrey Skilling and other players in the energy scandal. It was compelling footage. After Enron imploded, filmmaker Alex Gibney bought the video from PBS and used some of it in his 2005 documentary about the scandal, “The Smartest Guys […]

Our round-up of the best comment and analysis from the Financial Times during the week focuses on US corporate earnings, eurozone interest rates and the future of US economic reforms. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The FT’s John Authers says US corporate earnings have reached a turning point — the earnings recession that […]

The big announcement of the really, really big Trump Tax Plan with the “biggest tax cuts in history” came out bigly on Wednesday, as Trump promised. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, Trump’s latest tax team, beamed proudly as they presented their baby. The stock market took a deep breath, then  looked at their brainchild and completely petered out. First, let me say, I clearly have nothing to recant […]

By Luc Cohen | LA MATANZA, Argentina LA MATANZA, Argentina Billboards in Buenos Aires province’s working-class La Matanza district trumpet a soon-to-be completed bus lane alongside the face of the district’s mayor, an ally of former populist President Cristina Fernandez. Although it was originally conceived when Fernandez was president, the 2 billion-peso ($129.24 million) “Metrobus” lane is being paid for by centre-right President Mauricio Macri’s government and […]

By Amanda Becker and Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump will release a tax plan on Wednesday that proposes to sharply slash rates on businesses and overseas corporate profits returned to the United States, officials said. The Trump administration is touting the blueprint, which also calls for higher standard deductions for individuals, as a landmark tax cut just days before the Republican president marks his […]

‘Dubai Expert’ announced a first-of-its-kind destination travel trade training programme that will be rolled out to travel agents from around the world 26 April 2017 Dubai, UAE – Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), has announced the launch of “Dubai Expert”, an innovative online educational game that has been created exclusively for travel agents. The announcement was made to travel professionals attending this year’s […]

A Boston Dynamics Spot robot—speakers at the TED conference believe in the future intelligent machines will help humans look after the elderly Intelligent machines of the future will help restore memory, mind your children, fetch your coffee and even care for aging parents. It will all be part of a brave new world of the not-so-distant future, in which innovative smart machines, rather than being the undoing […]

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