South Africa’s rand tumbled in late trading on Monday after a rating agency cut the country’s coveted investment grade status, leaving President Jacob Zuma’s decision to fire his finance minister responsible for wiping out almost all the currency’s gains for the year. The rand slid to R13.7 against the dollar, taking its drop in the past five days to almost 9 per cent. Having recorded a gain […]
BRASILIA Brazil’s top electoral court on Tuesday began hearing a landmark case about illegal campaign funding that could lead to the removal of President Michel Temer less than a year after he took over from impeached leftist Dilma Rousseff. The case before the Supreme Electoral Tribunal (TSE) could annul the 2014 election won by Rousseff and her running mate Temer, prolonging the political instability that has deepened […]
LONDON A common antibiotic called doxycycline can disrupt the formation of negative thoughts and fears in the brain and may prove useful in treating or preventing post traumatic stress disorder (PTSD), according to research by British and Swiss scientists. In a specially designed trial involving 76 healthy volunteers who were given either the drug or a placebo dummy pill, those who were on doxycycline had a 60 […]
Imagination Technologies lost more than half its market value in a single day this week when the chip designer revealed that Apple, its largest customer, was developing its own version of the graphical processing units in which the UK-based group has specialised. Apple’s initiative to make a GPU, however, should not have come as such as surprise to investors. It follows several months of intensive recruitment by […]
UAE-based Rotana has signed an agreement with RSG International for a new five star hotel and serviced apartment project in Dubai. Named Sabah Rotana, the 54-storey, 534-room property located in Sufouh Gardens on Sheikh Zayed Road will be managed by Rotana on behalf of RSG International and is scheduled to open in the second quarter of 2020. The agreement was signed by Raj Sahni (Abu Sabah), owner […]
Under the patronage of Prime Minister and Minister of the Interior, His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, QDB will officially open 2nd Government Procurement & Contracting Conference and Exhibition – Moushtarayat 2017 – to the public from 6 to 8 April 2017 The expo is held in partnership with the Ministry of Finance (MoF) National Procurement Awards to recognize big buyers that have contributed […]
By Greg Torode and Michael Martina | HONG KONG/BEIJING HONG KONG/BEIJING China is steadfastly opposed to the deployment of advanced U.S. anti-missile radars in South Korea because it does not know whether the defences, intended for North Korean missiles, are capable of tracking and countering Beijing’s own nuclear programme, experts say. Beijing’s resistance to the THAAD (Terminal High Altitude Area Defence) anti-missile system put up south of […]
That big hug was just what Mr. Sisi’s government sought, said Eric Trager, a scholar on Egypt at the Washington Institute for Near East Policy. “It wants to see the White House legitimate it, and set it on a new course.” Continue reading the main story The scene provided a powerful counterpoint to Mr. Sisi’s many critics, in Egypt and abroad, for whom he is known as […]
Dubai, UAE – April 3, 2017 BlackBerry Limited (NASDAQ: BBRY; TSX: BB) today shared new details on its broad licensing strategy which addresses the growing need for secure, connected devices and endpoints in today’s Enterprise of Things. The first phase of BlackBerry’s strategy, announced in September 2016, was focused on providing the most secure and comprehensive Android software for smartphones around the world manufactured and marketed […]
Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]
03 April 2017 Doha, Qatar – Continuing its efforts to promote entrepreneurship in the Qatari society and to highlight the status of the projects benefiting from its entrepreneurship services, NAMA Center, one of the Qatar Foundation for Social Work (QFSW) Centers, is participating in the Qatar International Food Festival (QIFF) 2017, organized by the Qatar Tourism Authority, which was inaugurated on March 29 and runs until April […]
The merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) formally completed on Sunday, as the board of directors unveiled a new name for the bank. In a statement, the board of directors announced that the merged entity would be named First Abu Dhabi Bank, subject to regulatory approvals and following a General Assembly Meeting to be held “at a later stage” to […]
As aged care service providers come to terms with legislative changes that provide consumers with greater choice, Thomas Holt is forging ahead with its digital transformation initiative to improve the quality of life for residents, drive efficiencies for care workers, and differentiate itself in the market. Earlier this year, Alcatel-Lucent Enterprise announced it was providing Thomas Holt Aged Care with a network and communications infrastructure upgrade that […]
SEOUL South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defense system, a Lotte executive said on Monday, denying rumors it wants to scale back there. Chinese authorities closed dozens of Lotte retail stores following inspections, ramping up pressure on Korea’s fifth-largest family-run conglomerate after it agreed to provide land for the U.S. Terminal […]
The global cyberwarfare scare washed ashore the British isles this weekend after UK nuclear power stations and airports were told to tighten defenses against terrorist attacks in the face of increased threats to electronic security systems, after intelligence agencies concluded terrorists could plant explosives in laptops and mobile phones that won’t be caught by normal security screenings. The Telegraph reports that British security services issued a series […]
Here are the main questions facing markets as a new trading week and the start of the second quarter beckons. What are the likely drivers?A host of market-moving events confront investors as the calendar flips over to April. These include France’s presidential elections and the opening salvos of the UK’s divorce from the EU. But there is also the prospect of a sustained recovery in global activity, […]
Samsung Galaxy S8. Photo by Michael Krigsman. Samsung’s Unpacked launch party this week for the long-awaited Galaxy S8 phone was a gadget lover’s dream. From the bright screen to its waterproof body, the phone is exciting. Although the Galaxy S8 and its larger brother/sister, the S8+, have received a lot of attention, one enterprise showpiece is a new docking station called the DeX Station , which is […]
The new Samsung S8, incorporating its virtual assistant Bixby, seen on display in New York Samsung’s Bixby is the new kid on the block of personal digital assistants and is likely to face a rough reception in a neighborhood dominated by tech sector rivals. Bixby—introduced at Samsung’s unveiling of Galaxy S8 smartphones—aims to help the South Korean giant break into a surging market for voice-activated virtual assistants, […]
GENEVA: The UN on Friday said “incremental” progress was made during a fifth round of talks between Syria’s warring parties, but warned the “real peace negotiations” had yet to begin.Syrian government and opposition representatives had been “serious and engaged” during the latest nine days of talks in Geneva, UN mediator Staffan de Mistura told reporters.He said all sides were “keen and ready to return to Geneva for […]
NEW YORK U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday. These assets, known as deferred tax assets, are items such as tax credits that may be used to […]
Ecommerce platform MallfortheWorld has announced that consumers in the UAE, Saudi Arabia and Qatar will now have access to more than 150 of US retailers through its app, marking its first foray into the Middle East. MallfortheWorld said in a statement that its cross platform app, with both desktop and mobile versions available, will launch in other Gulf countries by the end of the year. The website […]
By Marc Leras and Simon Carraud | MARSEILLE/BIGUGLIA, France MARSEILLE/BIGUGLIA, France France’s centrist presidential contender Emmanuel Macron singled out the far-right National Front as his chief rival on Saturday, vowing to win the first round on April 23 as a new poll showed the election race getting tighter. “The National Front, our main opponent, is attacking us on all sides. Never boo them. Fight them,” a defiant […]
Photo Iraqis bathed in a sulfur pond not far from the southern outskirts of Mosul on Saturday. Iraqi forces are pushing to take western Mosul from the Islamic State. Credit Ahmad Gharabli/Agence France-Presse — Getty Images WASHINGTON — Facing mounting pressure over civilian casualties in American airstrikes, the United States-led coalition fighting the Islamic State in Iraq and Syria said on Saturday that it was likely that […]
01 April 2017 Orange Jordan recently signed an agreement with the King Abdullah II Center for Excellence (KACE), under which Orange Jordan will be sponsoring the ceremony of the King Abdullah II Award for Excellence along with providing the center with telecommunications services. The agreement was signed by Orange Jordan CEO Jérôme Hénique and Executive Director of KACE Dr. Ibrahim Rawabdeh. The King Abdullah II Award for […]
