U.S. Secretary of State John Kerry said he was “extremely encouraged” by pledges of military assistance against Islamic State militants by countries inside and outside the Middle East and that some nations had offered ground troops. Kerry has been touring the Middle East to try to secure backing for U.S. efforts to build a coalition to fight the Islamic State militants who have grabbed territory in Syria […]
|By Winfried Weber| German Mittelstand has become a new role model for managers from all over the world. A pilot study of Mannheim Institute of Applied Management Research found that mostly managers from Asia and emerging countries are attracted by the German Mittelstand model and send delegations to learn more about it. They come directly to Germany as the management education programs taught at business schools or […]
Google has kicked off yet another program aimed at helping to develop the next big thing in tech: Google Cloud Platform for Startups. The program offers early-stage tech companies $100,000 in credit for Google’s Cloud Platform services, along with 24/7 support and technical architecture review help from Google’s engineers. The new offering was announced Friday by Urs Hölzle, Google Fellow and senior vice president of technical infrastructure, […]
The 1980s and 1970s were many things – but only a fool, wallowing in a Slush Puppie vat of nostalgia, could claim they were a golden age of childhood Crouching over a tape recorder in an attempt to capture the Top 40 on a TDK magnetic cassette; writing letters to an overseas penfriend; popping down to Boots to have your holiday snaps developed. These are just some […]
A new computer Trojan may be targeting clients of Salesforce.com, the company announced in a security warning posted on its Web site. The malware, known as Dyre or Dyreza, appears to be a variation of the previously known Zeus Trojan, which had been known to target banking Web sites in search of financial accounts. According to Salesforce, the vulnerability was discovered by one of its security partners […]
|By TAP Staff|Goldman Sachs is meeting investors this week for the sale of a dollar-denominated, benchmark-sized sukuk issue through its unit JANY Sukuk Co., people with knowledge of the deal said. The New York-based lender’s first foray into the Islamic capital markets three years ago ended without a sale amid criticism from scholars about the structure of its sukuk program and the use of funds raised. This […]
Apple Inc. (AAPL)’s prospects seem a lot brighter than they were the last time Tim Cook introduced an iPhone. When Chief Executive Officer Cook unveiled two new smartphone models 12 months ago, Apple’s stock was slumping and the company was losing market share to Samsung Electronics Co. and low-cost manufacturers such as Xiaomi Corp. Questions abounded about whether Apple could keep innovating without co-founder Steve Jobs. Fast […]
Last year, coworking spaces became all the rage in Dubai as entrepreneurs sought a place to get together and build nascent startups. Now, Google Inc. has also got in on the act. The tech giant has teamed up with the cofounders of online shopping website Namshi to create a “Google for Entrepreneurs” Tech Hub in Dubai. The space will open in 2015 and be run by AstroLabs, […]
General Motors Co., the largest U.S. automaker, will introduce a Cadillac model in two years that can travel on the highway without the driver holding the steering wheel or putting a foot on a pedal. The 2017 Cadillac model will feature “Super Cruise” technology that takes control of steering, acceleration and braking at highway speeds of 70 miles per hour or in stop-and-go congested traffic, Chief Executive […]
Photo: Alamy When we were young, my brother and I used to argue with our parents over bedtime, pushing it later and later so that we could squeeze in more stories. Beatrix Potter’s were our favourites, though my dad preferred Tom Sawyer. My mum and dad always read us to sleep, and when I was older, I waited to hear their footsteps on the stairs. As soon […]
By Liana B. Baker, Avik Das and Soham Chatterjee Sat Sep 6, 2014 5:31am IST People play in a hall inside Alibaba’s headquarters in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files REUTERS – Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology […]
Spurred by a rapidly deteriorating economy, the International Monetary Fund has approved a three-year extended credit facility worth $552 million with Yemen, the impoverished Arab nation that has become a breeding ground for the terrorist group al Qaeda in the Arabian Peninsula. The lifeline will provide some relief for Yemeni authorities who face a myriad of political and security challenges that continue to drag on the economy. […]
By Nivedita Bhattacharjee MUMBAI Wed Sep 3, 2014 11:01am IST Android mascots are lined up in the demonstration area at the Google I/O Developers Conference in the Moscone Center in San Francisco, California, May 10, 2011. Credit: Reuters/Beck Diefenbach/Files MUMBAI (Reuters) – Google Inc’s (GOOGL.O) partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for […]
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 […]
Italian airline Alitalia and Etihad Airways are expected to win EU regulatory clearance for their tie-up by the end of the year with minor concessions, a person familiar with the matter said on Tuesday. Abu Dhabi-based Etihad clinched a deal last month to buy 49 percent of loss making Alitalia in a 1.76-billion-euro ($2.31 billion) rescue plan, giving it access to Europe’s fourth-largest travel market and 25 […]
By Bret Jensen: There was a solid article in this week’s Barron’s, an industry standard weekly magazine. Barron’s interviewed Richard Pzena who is the CEO of Pzena Investment Management (NYSE:PZN); a firm that manages billions of dollars thorough a variety of entities. Mr. Pzena made the long term case for owning some of the biggest banks. He believes three of the big drivers of earnings should improve […]
|By TAP Staff|The global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation Council (GCC) region, according to a report by the Dubai Chamber of Commerce and Industry. This is particularly true of Dubai where Sukuks are expected to play an important role over the next decade in securing funds for […]
Iran’s possible response to new U.S. sanctions could “not be pleasant”, its foreign minister said on Sunday, raising the prospect of tit-for-tat retribution against the Islamic Republic’s old adversary weeks ahead of fresh nuclear talks. Iranian leaders reacted with dismay to Friday’s announcement that Washington was going to penalize a number of Iranian and other foreign companies, banks and airlines for violating sanctions against Tehran, most of […]
KUWAIT. A recent report issued by KFH Research, a subsidery for KFH Group, sees continued positive outlook for the Kuwaiti construction industry, on the back of strong domestic demand in the Kuwaiti economy and a pick-up in government capital spending. Overview and Outlook “While we remain fundamentally cautious about the country’s medium-term investment outlook, we note that higher growth in bank lending over the last few months […]
The Floating Cinema drops anchor on the Grand Union Canal at King’s Cross, London Photo: HYDAR DEWACHI ‘It’s really captured people’s imagination,” enthuse producer Anna Ramsay and curator Laura Harford as they sit on the deck of the Floating Cinema, their 60ft wide-beam canal boat fitted out as a mini-Odeon. “I think it’s because it’s something so unusual, not at all what they expect to see on a […]
NEW DELHI: The government has decided to put its weight behind a handful of key programmes and focus on their implementation as it believes that delivering on these high-profile projects will validate its mantra of effective governance. The top priorities being monitored closely by Prime Minister Narendra Modi are financial inclusion, the Digital India campaign, rural sanitation, implementation of the goods & services tax (GST) and […]
A man walks on Jumeirah beach as the Burj Al Arab hotel is seen during sunset in Dubai. Reuters Dubai’s hotels experienced a bumper first half even as refurbishment at the emirate’s main airport grounded Emirates Airline jets and limited the number of passengers flying. Hotels in the desert-city, which has become known for its extravagant infrastructure, architecture and opulent places to stay, catered to 5.8 million […]
It’s slim, sleek, black and silver, and comes with Bluetooth. But unlike the latest mobile phone, you won’t be showing off the Black Pro 6500 to anyone outside your bathroom. This hi-tech gizmo from Oral-B – which has its own app – is the latest in toothbrush technology, and has a £250 price tag to match. It claims to be able to strip 100 per cent more […]
Op-Ed Contributor By MICHAEL SINGH August 19, 2014 WASHINGTON — President Obama surprised many recently when he diagnosed the crisis gripping Iraq as partly an economic one, noting that Iraqi Sunnis were “detached from the global economy” and thus frustrated in achieving their aspirations. While Iraq’s chaos has many sources, the president is nevertheless on to something; and it’s not just Iraqi Sunnis, but the entire Middle East that […]
