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Payment processing giant Vantiv announced that it is acquiring Paymetric, an electronic payments software firm focused on the B2B channel. Financial terms of the deal were not disclosed. Paymetric is used by enterprises to accept, process and integrate secure electronic payments within enterprise systems, including SAP, Oracle, Hybris and Salesforce. One of Paymetric’s hallmark features is its patented tokenization process, which secures customer payment data running through […]

Google and Intertrust Technologies Corporation announced Tuesday they’ve teamed up to launch PatentShield, a program designed to help startups defend themselves against patent litigation. By building up a large collection of patents that can be used defensively, PatentShield aims to “level the playing field” and deter larger companies from suing startups. “As startups expand, larger companies – with sizeable budgets and patent portfolios – often use patent […]

Etihad Aviation Group on Monday announced the appointment of Robin Kamark as CEO, Airline Equity Partners. Kamark will be responsible for leading and developing the Group’s minority equity investment strategy, which includes stakes in airberlin, Alitalia, Jet Airways, Air Serbia, Air Seychelles, Etihad Regional and Virgin Australia, a statement said. He takes over from Bruno Matheu, who has held the role since May 2016, and is leaving […]

Located on Reem Island, Vida Beach Reem Island Abu Dhabi and Vida Residences Beach Reem Island Abu Dhabi will add to the portfolio of Emaar Hospitality Group’s upscale lifestyle hotel brand Scheduled to open in 2020, the iconic hotel and extended stay serviced residences overlook the Arabian Sea within a marina setting Vida Beach Reem Island Abu Dhabi will feature 262 guestrooms and suites, and […]

Just when US trade partners thought it was safe to come out from their hiding places, along comes President Donald Trump to slap a punitive duty on Canada, America’s long-time ally and neighbour — imposing tariffs of up to 24 per cent on imports on its softwood lumber. The new president seemed to have gone quiet on his protectionist instincts, pulling back from a trade confrontation with […]

The Nasdaq Composite breached the 6,000 level for the first time on Tuesday and extended its double -digit gain for the year as investors focus on owning companies with strong growth prospects. The tech-heavy benchmark climbed as much as 0.7 per cent to 6,022 early in the day after closing at a record high in the previous session. Renewed appetite for technology stocks and a rally in […]

25 April 2017 Dubai, UAE – Emirates Integrated Telecommunications Company PJSC (“du”) today published its financial results for the first quarter of 2017 showing a 2.5% rise in revenue to AED 3.17 billion. Net Profit before royalty decreased by 16.7% to AED 851.2 million, compared with Q1 2016 Advertisement (AED Millions) First Quarter Analysis   Q1 2016 Q1 2017 % change Revenue (AEDm) 3,089.6 3,166.4 2.5%        […]

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It was kind of an accident. When Lisa Tobin arrived at The New York Times nearly seven months ago, she had a broad mission: Figure out what the newspaper was supposed to sound like. “I expected that we would come in and spend several months figuring that out and then starting to finalize strategy and figure out what our first-round programming would be,” said Tobin. That’s pretty […]

· Emaar Hospitality Group, which marks its tenth year in operation, now has 26 upcoming projects · Showcases its portfolio of 10 operational hotels and three serviced residences, and other new properties at the premier travel, tourism and hospitality event 24 April 2017 Dubai, UAE – Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, today unveiled six new hotel projects as part of […]

ARM on Monday unveiled the Mali-C71, its first image signal processor (ISP) built from the ground up for the automotive market. ISPs process raw pixel data so it can be displayed to a driver or used for further processing by computer vision algorithms. ARM’s ISPs already offer high dynamic range, noise reduction and other features for devices like smartphones and videoconferencing systems, but cars require higher performance […]

It was kind of an accident. When Lisa Tobin arrived at The New York Times nearly seven months ago, she had a broad mission: Figure out what the newspaper was supposed to sound like. “I expected that we would come in and spend several months figuring that out and then starting to finalize strategy and figure out what our first-round programming would be,” Tobin said. That’s pretty […]

KABUL U.S. Defense Secretary Jim Mattis arrived in Afghanistan on Monday as President Donald Trump’s administration looks to construct its strategy for the war-torn country, where resurgent Taliban militants continue to make gains.     Mattis is expected to meet Afghan officials and U.S. troops while in Kabul, but his arrival coincided with an announcement that his Afghan counterpart, Defence Minister Abdullah Habibi, and the Afghan army chief […]

By Bate Felix and Sudip Kar-Gupta | PARIS PARIS Round two of the bitter fight for the French presidency got under way on Monday within hours of first round results with far-right leader Marine Le Pen’s top aide launching a stinging attack on her centrist opponent Emmanuel Macron. “Emmanuel is not a patriot. He sold off national companies. He criticised French culture,” Florian Philippot, deputy leader of […]

24 April 2017 Dubai – Commercial Bank International (CBI or ‘The Bank’) today announced its financial results for the first quarter (Q1) 2017. Financial highlights – three-months ended 31 March 2017: ·         Operating Income increased by 9% to AED 203 million versus AED 187 million in Q1 2016. ·         Net profit of AED 21 million. Advertisement ·         Net interest income increased by 10% to AED 126 million […]

By Rodrigo Campos and Megan Davies | NEW YORK NEW YORK U.S. stock index futures rose sharply on Sunday on relief that centrist Emmanuel Macron took the first round of voting in the French presidential election, reducing the prospect of an anti-establishment market shock. Macron will face far-right leader Marine Le Pen in a May 7 runoff and opinion polls on Sunday had him easily winning the […]

Blizzard recently released a new patch for StarCraft that made the iconic real-time strategy game, along with its expansion StarCraft: Brood War, free for all PC and Mac gamers. The move adds StarCraft to the list of free classic PC games that can be downloaded without any strings attached. These games may be old, but they are still very much well worth your time. ‘StarCraft’ The original StarCraft continues to […]

For Myanmar’s first generation of bank customers, there is little difference between a Visa card and one from China’s state-controlled card-payment monopoly, UnionPay. With only 2 per cent of the Southeast Asian nation’s 53m people carrying plastic in their wallets, UnionPay’s rapid push into the frontier market will make its red, blue and green logo one of the first that Burmese youth see when opening an account […]

SHANGHAI/BEIJING Global security companies and their smaller Chinese rivals are jostling for business along Beijing’s modern-day “Silk Road”, the grandiose plan for land and sea routes connecting the world’s second largest economy with the rest of Asia and beyond. Representing investments of hundreds of billions of dollars, the pet project of Chinese President Xi Jinping is seen boosting economic growth at home, and as positive for everything […]

The euro surged in early Asian trading after Emmanuel Macron, investors’ preferred candidate, appeared on track to make it through to the final round of the French presidential election, which opinion polls suggest he will win. Mr Macron, who supports open markets and France staying in the EU, won 23.7 per cent of the vote in the first round vote on Sunday, according to three estimates for […]

By Josh Smith and Hamid Shalizi | KABUL KABUL Eight days after the U.S. military dropped its largest ever conventional bomb on suspected Islamic State fighters in eastern Afghanistan, Taliban militants breached an army base in the north of the country and killed scores of local soldiers. To Afghan and other critics of President Donald Trump’s apparent indecision over how to win a seemingly intractable war, Friday’s […]

By Michelle Martin | COLOGNE, Germany COLOGNE, Germany The anti-immigrant Alternative for Germany (AfD) party on Sunday chose a tough-talking former member of Chancellor Angela Merkel’s conservatives and an economist to lead its campaign for a September election in a line-up likely to drag the group further right. The party had stolen voters from Merkel during the migrant crisis but now looks less of a threat on […]

23 April 2017 Cairo, Egypt – Six of October Development & Investment Company “SODIC” closed the first quarter with EGP 1.2 billion net contracted sales booked, showing a strong start for the year 2017. Net contracted sales grew by a solid 64% during the first quarter on the back of three launches with EGP 1.7 billion worth of inventory introduced in February and March of 2017. The […]

By Leika Kihara and Francesco Canepa | WASHINGTON WASHINGTON International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France’s presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc Mélenchon, both critics of the European Union, could top the […]

By Michelle Martin | COLOGNE, Germany COLOGNE, Germany The co-leader of the anti-immigrant Alternative for Germany (AfD) suffered an embarrassing defeat on Saturday when delegates refused to discuss her motion to shift the party into the “mainstream”, putting it on course to turn further right. The party, a pariah in German politics, has seen its support drop in recent months, and thousands turned up to protest the […]

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