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Riyadh, 09 March, 2017 Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia) announced its financial results for the full financial year ending December 31, 2016. Key Performance Indicators for the 12 months ending 31 Dec 2016: Compared to Full-Year 2015, Zain Saudi Arabia reported: Advertisement Revenues increased by 3% to SAR 6,927 million, Gross profit grew by 11% to SAR 4,401 million. EBITDA also grew by 10% […]

Historically, the marketing team within an organisation has had little to do with the IT department or the product development team, while the CEO was generally concerned only with the revenue marketing ventures were bringing into the business. According to Steve Lucas, Marketo’s new CEO, the role of the marketer should now be more aligned to a data scientist and they should also be involved in product […]

I’d like to say it isn’t so, but we all know the countdown to the onset of summer has already begun. Make the most of all the great outdoors has to offer with 10 of the best al fresco activities across the four compass points of the UAE. newslide Beach sports Dubai’s meandering shoreline is awash with outdoor experiences, and the newest kid on The Beach, opposite […]

Chowbotics Inc. has landed $5 million in a Series A round of venture funding to develop what it’s calling food service robots. These are machines designed to prepare food in restaurants, cafeterias, hotels, or food courts in airports, malls and hospitals. The company’s flagship product, Sally, is a salad-making robot that uses 20 different food canisters to prepare and serve more than 1,000 different types of salads. According to Chowbotics […]

Viva Republica CEO SG Lee Image: Viva Republica Viva Republica, maker of peer-to-peer money transfer app Toss, announced that it has raised $48 million in a Series C round led by San Mateo-based VC firm Goodwater Capital, with PayPal, Bessemer Venture Partners, Altos Ventures, and Partech Ventures also contributing to the round. The latest funding round brings the total amount raised by the Seoul-based company to 87.5 […]

China’s Uber rival Didi Chuxing announced that it has officially opened its first US-based research and development lab in Mountain View, California this week. Didi Labs will seek out engineering talent and focus on artificial intelligence (AI)-based security and intelligent driving technologies, according to a statement made by the company. Founder, chairman, and CEO of Didi Chuxing, Cheng Wei said the company’s vision is to build an […]

By Alexandra Ulmer | CARACAS CARACAS A World Bank tribunal order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp (XOM.N) over nationalizations has been annulled, a lawyer for the government said on Thursday. “We were confident all along that our position was correct and are very pleased that the annulment committee agreed,” Venezuela’s lawyer George Kahale told Reuters by email. There was no […]

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Go green with envy with this week’s pick of fashion and beauty trends. newslide Trailblazing blazers For dapper men who like to be the life of the party, this one’s for you. Billionaire, a brand that’s part of Philipp Plein, has released a range of sharp, tailored blazers in jewel-toned shades, with jazzy, embroidered motifs. • Available at www.billionairecouture.com; from Dh7,510 newslide Killer kicks Trade in your […]

The cost of shorting shares of Snap has fallen sharply as bets against the owner of the messaging app slowed and the share price rallied. Snap’s stock has rebounded in recent sessions after selling off earlier in the week as several analysts’ reports expressed scepticism about the group’s valuation, which had surged above $30bn in the initial euphoria following its high-profile listing last week. At midday in […]

Tunis and Dubai, March 9, 2017 – Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges. Ways to promote Islamic capital markets products and solutions will also be considered under the MoU, together with supporting potential links between central securities depositories in the respective jurisdictions. The […]

Dutch paints and coatings maker Akzo Nobel has rejected an unsolicited €20.9bn takeover bid by US industrial chemicals rival PPG Industries and said it is instead looking at spinning off its specialty chemicals business. Akzo Nobel said on Thursday that the PPG bid substantially undervalued its prospects and it made a broader appeal to its stakeholders by saying the takeover was not in the interests of customers […]

Photo A convoy of American armored vehicles in Manbij, northern Syria, on Sunday. The formal troop cap for Syria is 503, but commanders have the authority to temporarily exceed that limit to meet military requirements. Credit Delil Souleiman/Agence France-Presse — Getty Images WASHINGTON — The United States is sending an additional 400 troops to Syria to help prepare for the looming fight for Raqqa, the capital of […]

Oil prices were under intensifying pressure on Thursday, with the US West Texas Intermediate benchmark dipping below $49 a barrel for the first time since late November. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for a ninth straight week to a record high. Renewed concerns about a supply glut sent ripples […]

Account takeover (ATO) is the downstream effect of a worrying rise in massive data breaches and phishing attacks. Criminals have easy access to billions of credentials, which they systematically test on sites and apps until they find a match. With 48 percent of online businesses experiencing a rise in ATO attempts in 2016, are you doing enough to prevent your users’ accounts from being hacked? ATO is […]

BEIRUT U.S.-backed Syrian forces said on Thursday they were closing in on Islamic State-held Raqqa and expected to reach the city outskirts in a few weeks, as a U.S. Marines artillery unit deployed to help the campaign. The Syrian Democratic Forces (SDF), a militia alliance including the Kurdish YPG, is the main U.S. partner in the war against Islamic State in Syria. Since November it has been […]

Every day when my dad would get home from work with his briefcase, he would put it down beside the TV, because that is where my brothers and I would be sitting, glued to the screen, waiting for him to come home. When we would visit my grandparents in Scotland, I remember my late grandfather walking in from work with a briefcase, then we would then sit […]

Thursday 14:30 GMT Overview The euro is firmer and Bund yields are trundling higher with Treasuries after the European Central Bank stood pat on interest rates and indicated it was not looking to ease policy further. Oil prices tried to rally but have resumed their sell-off, putting energy stocks under pressure and weighing on equity benchmarks. Hot topic (1) After a period when politicians seemed to rule […]

Why West Berlin? After the fall of the Berlin Wall, the city’s eastern side, formerly occupied by the communist German Democratic Republic, was ripe for renovation. The space created by the removal of the wall, and the old buildings overdue for renewal, meant everything edgy and inventive went east. The formerly cool West Berlin districts fell into something of a funk as the gaze shifted elsewhere. But […]

Oil prices were back under pressure on Thursday, with the West Texas Intermediate benchmark falling under $50 for the first time since December. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for the ninth straight week to a record high. Renewed concerns about a supply glut sent ripples through the currency market […]

KUALA LUMPUR Malaysia’s Prime Minister Najib Razak said on Thursday that ties with North Korea will not be cut, after tensions over an investigation into the murder of the estranged half-brother of the North’s leader in Kuala Lumpur led to tit-for-tat travel bans. “Diplomatic relations between Malaysia and North Korea will not be severed, as we need to continue communicating with them to find a solution,” Najib […]

Cisco’s Jasper is making a big play into connected cars, a sector the company currently sees as its largest growth industry in the Internet of Things (IoT) space. According to Jasper MD for Cisco ANZ Tom Fisher, Cisco’s cloud-based IoT platform Jasper is now powering nearly every connected car in the world. “Our largest vertical is the connected car market,” Fisher told ZDNet. “Practically every single car […]

|By Matein Khalid| Janet Yellen confirmed the Wall Street consensus that the Federal Reserve will raise its overnight borrowing (Fed Funds) rate at the March FOMC. Wage growth, inflation, crude oil, asset prices, economic data momentum and Trump’s fiscal stimulus all reinforce the dual mandate logic of a rate hike. Only a really awful February non-farm payroll shock (consensus is 200,000 jobs) will avert a rate hike […]

Christopher Lutz of IBM Research Almaden standing with the IBM microscope used to store data on a single-atom magnet Image: Stan Olszewski IBM researchers have found a way to store one bit of data in a magnet consisting of just one atom, the company announced on Wednesday. Prior to the discovery, the smallest bistable magnetic bits consisted of 3 to 12 atoms, IBM said, and hard drives […]

Sheikh Dr. Faleh bin Nasser Al-Thani: Qatar adopts agriculture plan to achieve self-sufficiency in agriculture production by 2030 Doha, Qatar, March 8, 2017  Under the patronage of H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior of Qatar is all set to host the fifth edition of Qatar International Agricultural Exhibition (Agriteq 2017) being organized Ministry of Municipality and Environment […]

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