Intel Corp (INTC.O) has resumed talks to buy programmable-chip maker Altera Corp (ALTR.O) and is close to a $16 billion deal, people familiar with the matter said on Friday, paving way for the third mega semiconductor-chip deal this year. The price for Altera could be as much as $54 per share, according to one of the people. This would be a 15 percent premium over the stock’s […]
By SAM BORDEN and JODI RUDOREN May 28, 2015 ZURICH — The protesters outside the arena where FIFA staged the opening ceremony for its annual congress Thursday held Palestinian flags and blunt banners. “Red Card Israel Apartheid,” one read. “Occupation = Segregation,” another said. “EXPEL Israel, Say NO to racism and discrimination.” But as the congress convened, the Palestine Football Association’s proposal to oust its Israeli counterpart from FIFA, soccer’s international […]
By RICK GLADSTONE May 27, 2015 France challenged Iran’s supreme leader on Wednesday over a disputed element of the Iranian nuclear talks, asserting that it would not sign any pact unless Iran allowed all its nuclear installations, including military sites, to be inspected. The French position was stated by the foreign minister, Laurent Fabius, just as negotiations reconvened in Vienna with the aim of reaching a final agreement by […]
From left: Maziar Bahari, Reza Taghavi and Amir Hekmati. By THE NEW YORK TIMES May 27, 2015 In the past seven years, other journalists and American travelers have been arrested in Iran for spying. All have denied the accusations. ▪ Roxana Saberi: An Iranian-American journalist arrested in January 2009 on accusations of spying, and sentenced to eight years. She was released after 100 days and wrote a book about her experience. […]
Video | Reporter’s Brother on Iran Spying Trial Ali Rezaian — the brother of Jason Rezaian, a reporter for The Washington Post — spoke on Tuesday as his brother’s trial on espionage charges began in Iran. By THOMAS ERDBRINK May 26, 2015 Jason Rezaian, the Washington Post correspondent accused by Iran of espionage who has been imprisoned for more than 10 months, went on trial in a Tehran courtroom […]
UAE. Landmark real estate regulatory changes including the UAE-wide Federal Mortgage Cap and Dubai’s doubling of Property Registration Fees last year, which was aimed at curbing speculative activity, have together gradually and successfully contained a market that was in danger of overheating with the level of transactional activity now dramatically reduced, according to latest research released by international real estate consultancy Cluttons. Cluttons Spring 2015 Dubai Residential […]
Sepp Blatter, the FIFA president, center, with Ofer Eini, head of the Israeli soccer association, left, in Jerusalem on Tuesday. By JODI RUDOREN May 19, 2015 RAMALLAH, West Bank — The Palestinian grievances against Israel are familiar ones: hampering travel, blocking import of equipment, rampant racism and the treatment of settlements in the occupied West Bank. The Israeli response is also a repeat: security concerns, mostly. But this round […]
Dubai Investments said on Wednesday it plans to enter new markets in Africa and the Gulf region, as it reported a 6.5 per cent rise in first-quarter net profit. “Several new investment proposals are currently under evaluation, with some of them in advanced stages of negotiations,” Khalid bin Kalban, the firm’s chief executive, said in a statement. Kalban said the firm was targeting diversified sectors such as […]
The two main stock exchanges in the United Arab Emirates are trying to attract market makers but some industry professionals say Abu Dhabi is offering more generous financial terms and more liberal rules than Dubai, suggesting it may have more success. Market makers stand ready to buy and sell stocks at all times, improving liquidity on an exchange – something which may be increasingly important as Abu […]
Dubai’s drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against burgeoning competition. In 2013, Dubai’s government announced plans to turn the emirate into a centre for an “Islamic economy” with sharia-compliant businesses ranging from banking to asset management, trade, food preparation and certification, fashion, education and tourism. This looked like […]
In my previous column, I outlined the innovative German system of cooperative study and universities of applied sciences. These institutes in particular support a practical, hands-on approach to learning about engineering. But where do managers of mid-sized business learn the tools of their trade? As we have seen, traditionally, the answer would be through common sense and trial and error. The majority of world-leading mid-sized enterprises were […]
India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of a round of purchases by the world’s fourth-biggest oil consumer to build up emergency stockpiles. Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus. The sources said […]
Prince Bishop, ridden by William Buick, won the $10 million Dubai World Cup by two and three-quarter lengths on Saturday as the 12-1 outsider sprinted clear of California Chrome, the 2014 American Horse of the Year. California Chrome, ridden by Victor Espinoza, was the 6-4 favorite to triumph in the world’s richest horse race, but the Kentucky Derby and Preakness champion could only finish second, one and […]
|By Shakir Noori| The images captured by mobile cameras flicker across the television screen, much in the manner of old Hollywood wild-west movies. The blue waves of the Mediterranean turn crimson with the blood of Egyptian workers in Libya, transforming the small screen into an inferno of bloody rivulets. And yet again, as I sit a spectator to Daesh’s (self-proclaimed Islamic State of Iraq and the Levant) […]
Yahsat, a UAE-based satellite operator – a wholly owned company of the Mubadala Development Company, has unveiled a new training programme as part of its partnership with Orbital ATK Corporation, the manufacturers of Yahsat’s third satellite, Al Yah 3. The programme will see 15 UAE national engineers from Yahsat work alongside top industry experts for a period of six months, at varying time periods during the satellites […]
Hundreds of foreign construction workers staged a rare public protest outside the opulent Dubai Mall on Tuesday in a pay dispute with their company, witnesses said. Dubai authorities deployed riot police to Sheikh Mohammed bin Rashid Boulevard in downtown Dubai, where the world’s tallest building is located, blocking some roads while negotiators tried to settle a dispute about overtime pay. The workers, from south Asia, said the […]
The proposal by Dubai Municipality to introduce mandatory affordable housing quotas for all new residential developments in Dubai is long overdue and is expected to bring a wide range of benefits to the emirate, while driving further maturity in the market, according to leading international real estate consultants, Cluttons. With the residential market in Dubai now meandering through the second half of the current property cycle and […]
|By TAP Staff| The UAE banks benefit from an improving operating environment, sound liquidity and sound capital ratios, but some asset quality issues remain in Dubai, largely relating to the weak performance of the real estate sector and some large Dubai government-related entity (GRE) problem loans and profit levels, ratings agency Fitch said in a report. But both real estate issues and the problem loans of Dubai […]
Doha’s Khalifa International Stadium.Image: Qatar 2022 Supreme Committee November/December ‘the best World Cup option’ LONDON, 4 days ago By Mike Collett The Fifa Task Force set up to recommend the best time of year to stage the 2022 World Cup in Qatar were always in an impossible position, from the moment they sat down to consider the options. But Tuesday’s recommendation to stage it over November and […]
Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said. The timeframe — automakers typically spend five to seven years developing a car — underscores the project’s aggressive goals and could set the stage for a battle for customers with Tesla Motors Inc. and General […]
|By Sarosh Zaiwalla| Towards the end of last year, it was announced that the UAE’s long anticipated insolvency reform bill was reaching its final stages prior to implementation. The legal framework was drawn up following the establishment of the Dubai World Tribunal that resulted from the entity’s inability to pay its creditors in November 2009. The case cast a spotlight on the UAE, which until today does […]
Video | Israel Remembers Jewish Paris Victims The Israeli president, the prime minister and the wife of one of the four Jewish victims in a Paris kosher market attack spoke at the burial ceremony for the slain men in Jerusalem. By JODI RUDOREN January 13, 2015 JERUSALEM — They were buried Tuesday not in the land where they had made their homes but in what was described as their […]
Liana Technologies ….. shortlisted in the European Business Awards competition. Liana Technologies nominated for European Business Award DUBAI, 1 days ago Liana Technologies, a leading online marketing software provider in the Middle East, has been shortlisted in the European Business Awards competition, for the Customer Focus category. The company is one of the national finalists, in which succeeding requires customer-focused products and services and high quality. The […]
When it comes to wearables, the headlines often seem dominated by smart watches and fitness-tracking bracelets. However, as the Consumer Electronics Show wraps up in Las Vegas on Friday one thing is clear — there’s a lot more to wearables than just bangles and timepieces. Among the wearable Innovation Award winners at this year’s CES were a heart-rate-monitoring strip that sticks to a user’s torso; a sensor-embedded […]
