|By TAP Staff| Dubai announced plans to build the world’s first fully functional 3D printed building, an ambitious move that will establish the UAE’s position as the global centre of technology in architecture construction and design. The building will be located close to the ‘Museum of the Future’, launched earlier this year in Dubai, and will act as temporary headquarters for its staff. It will be approximately […]
|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 […]
UAE. A new report by The Boston Consulting Group (BCG), a global management consulting firm and the world’s leading advisor on business strategy, delves into the challenges faced by Exploration & Production (E&P) companies here in the GCC region. The fact is, these are trying times for E&P companies globally. Following more than a decade of strong financial returns, the industry has experienced several difficult years caused […]
VIENNA — Iran’s top nuclear negotiator was heading back to Tehran on Sunday to consult with his nation’s top leadership, as negotiators remained divided over how to limit and monitor Tehran’s nuclear program and even on how to interpret the preliminary agreement they reached two months ago. With all sides now acknowledging the talks would need to continue beyond what was once considered the absolute deadline for […]
VIENNA — Secretary of State John Kerry began on Saturday what the Obama administration hopes will be the final push for a nuclear accord with Iran, just three days before a deadline for concluding an agreement. However, American officials have almost discounted the notion that a deal will be made by Tuesday’s deadline. Their goal is to bridge a number of technical and political divides over the […]
Gold edged higher on Friday, recovering from its lowest in more than two weeks as Greece failed to reach an agreement with its international creditors, although gains were capped by expectations of a U.S. interest rate hike. Asian equities fell as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted as the […]
WASHINGTON — The State Department issued a dismal assessment of Iran’s record on human rights on Thursday, saying that the Iranian authorities had stifled dissent and engaged in “unlawful killings.” The assessment, part of a broad overview of human rights practices around the world, was published one day before Secretary of State John Kerry is to leave for Vienna to try to conclude a nuclear accord with […]
UAE. Female CIOs expect to increase their budgets by 2.4 percent in 2015, whereas male CIOs report average increases of just 0.8 percent, according to a survey by Gartner, Inc. The worldwide survey included responses from 2,810 CIOs, representing more than $397 billion in CIO IT budgets in 84 countries. Among the respondents to the 2015 Gartner CIO Agenda survey, 13.6 percent were women. “For a second […]
UAE. The latest Towers Watson survey on Health Benefits reveals that employers are investing more in the health of their employees as many Gulf Co-operation Council (GCC) countries have implemented new legislation and amendments to laws that deal with mandates for employee healthcare coverage. These changes are already in effect or will come into effect in phases over the next few years and will implicitly impact employers. […]
By THOMAS ERDBRINK and RICK GLADSTONE June 23, 2015 TEHRAN — Iran’s supreme leader appeared to stiffen his hard line Tuesday on concessions in any nuclear agreement with foreign powers, one week before the deadline for completing an accord. In a speech broadcast live on Iranian state television, the supreme leader, Ayatollah Ali Khamenei, said he would not abide any freeze on Iran’s sensitive nuclear work for long periods, ruled out […]
Windows users, rejoice. Over the weekend, Microsoft announced that its latest operating system, Windows 10, will be free for anyone who wants it. Previously, the company said that it would make the new OS available as a free upgrade, but only to certain users who were currently running Windows 7 or 8. That arrangement would have excluded anyone still running Windows XP, Vista, or even Windows 7 […]
|By TAP Staff| Emirates National Oil Company (ENOC) secured a $1.5 billion term debt syndicated facility from local, regional and international banks. The nine year USD and AED financing was fully underwritten by Emirates NBD, Commercial Bank of Dubai, Dubai Islamic Bank, Mashreqbank, Noor Bank, Abu Dhabi Islamic Bank and Standard Chartered Bank. In the syndicated market, the deal was well supported and oversubscribed where additional 14 […]
|By K Raveendran| There is much hype about the opening up of the Saudi stock market, but any detached view is least supportive of optimism. The more realistic assessment is based on the fact that the market has already factored in the positivity and moved too far ahead in the expectation of large foreign inflows, making the market expensive for any new entrants. According to the assessment […]
WASHINGTONSurging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world’s factory floor to a driver of innovation. Largely absent from American research hubs a decade ago, Chinese firms including Huawei Technologies and ZTE Corp are now using U.S. researchers to create patents ranging from […]
WASHINGTON — Iran continued its “terrorist-related” activity last year and also continued to provide broad military support to President Bashar al-Assad of Syria, the State Department said Friday in its annual report on terrorism. The assessment suggests that neither the election of President Hassan Rouhani nor the prospect of a nuclear accord with the United States and its negotiating partners has had a moderating effect on Iran’s […]
By MICHAEL R. GORDON and ERIC SCHMITT June 19, 2015 WASHINGTON — Iran continued its “terrorist-related” activity last year and also continued to provide broad military support to President Bashar al-Assad of Syria, the State Department said Friday in its annual report on terrorism. The State Department’s assessment suggests that neither the election of President Hassan Rouhani nor the prospect of a nuclear accord with the United States and its negotiating partners […]
VATICAN CITY — Pope Francis on Thursday called for a radical transformation of politics, economics and individual lifestyles to confront environmental degradation and climate change, as his much-awaited papal encyclical blended a biting critique of consumerism and irresponsible development with a plea for swift and unified global action. The vision that Francis outlined in the 184-page encyclical is sweeping in ambition and scope: He described a relentless […]
Visitors at the exhibit “A Brief History of Humankind” at the Israel Museum. The museum is Israel’s largest cultural institution, presiding over Jerusalem from a hilltop site alongside the Knesset and the Supreme Court. By ISABEL KERSHNER June 17, 2015 JERUSALEM — A softly lit case displays a small, gnarled implement that is said to be the world’s oldest known complete sickle, dating back 9,000 years. On a wall […]
OMA Emirates implements Ingenio terminal for NBO SHARJAH, 14 hours, 16 minutes ago OMA Emirates, a provider of cutting edge technology for the payment industry, has implemented its Ingenico Point of Sales (POS) solution for National Bank of Oman (NBO). The technologically advanced payment terminal from Ingenico used by OMA Emirates – Solution Gulf that works on multi communication protocol will make it possible for mobile and […]
Guest | Jun 15, 2015 | 0 comments In lieu of the recent release of the latest driving game to hit the shelves, Project CARS, we thought we’d take a look at the best racers throughout the history of gaming. Project CARS is a pure racing simulator, with authentic handling and crisp graphics, but no-one can deny that other driving games have influenced this great racer. Let’s […]
BRASILIA/SAO PAULO The United States and Russia are competing for a strategic role in Brazil’s plan to launch commercial satellites from its base near the equator, opening up a new theater in their rivalry for allies and influence. Brazil’s government expects to choose a partner to help provide technology in the coming months, three sources with knowledge of the deliberations told Reuters. Brazil partnered with Ukraine over […]
Phoenix Power $146m IPO heavily oversubscribed MUSCAT, 10 hours, 58 minutes ago The flotation of Phoenix Power Co, owner of Oman’s largest power plant, has been heavily oversubscribed, attracting over RO1 billion ($2.6 billion) of bids from investors, the state-run Oman News Agency (ONA) reported on Sunday. The company sought to raise RO56.3 million ($146.3 million) by offering a 35 per cent stake in an offer open […]
Video | Orange’s Boss Meets With Netanyahu Stéphane Richard, the chief executive of Orange, the French telecom giant, tells Israel’s prime minister that he regrets the furor caused by his statements about doing business in the country. By JODI RUDOREN June 12, 2015 JERUSALEM — The chief executive of a French telecommunications company made an extraordinary personal pilgrimage on Friday to apologize to Prime Minister Benjamin Netanyahu of Israel, […]
