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mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // XRG secures agreement for $1.45bn Australian LNG stake // DIP Holding targets Dh1.12 IPO price and $529m proceeds // ADIPEC leaders urge investment in global energy networks // Use Of Nuclear Weapons Against Iran Could Trigger A Global Chain Reaction // CPI, CPM dispute portrayal of Vayalar uprising leaders // Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // Bridge Data Centres Appoints New Co-Chief Executive Officer // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // Winners and losers if a blue wave sweeps US Congress // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // XTransfer and Bank of China (Hong Kong) Announce Partnership at Hong Kong FinTech Week // America On Edge: November 3 Mid Term Polls Outcome May Weaken Trump // UAE outlines Dh200 billion energy investment at ADIPEC // Democrats secure Senate majority after Republican election losses // ADNOC authorises Ruwais Diyab gas development for 2029 // Bank99 launches business accounts through Austrian postal network // Binance SAFU bitcoin holdings halve after security breach //

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UAE.  In many industrial companies, services play virtually no role. Yet the service business is reporting growth rates up to 40 percent faster than sales of new products. What’s more, the gross profit margin of services is on average a good ten percentage points higher. These are the conclusions from international management consultants Bain & Company in their latest study, “Winning in Industrial Services,” in which 45 […]

UNITED NATIONS — President Obama called upon a conclave of world leaders on Tuesday to fight violent extremism with not only weapons, but also ideas, jobs and good governance, a strategy he has long advocated. There are few signs that it is succeeding. Military pressure, Mr. Obama said at a United Nations summit meeting, will be insufficient to vanquish groups like the Islamic State, also known as […]

Google Inc (GOOGL.O) unveiled its new Nexus phones on Tuesday in its latest attempt to take a bite out of Apple’s dominant share of the smartphone market. The launch of the phones, the Nexus 6P and the Nexus 5X, comes a day after Apple Inc (AAPL.O) reported record first-weekend sales of its new iPhones. The Nexus 5X 16 GB model will be priced at $379, while the […]

INTERNATIONAL. What started as a civil war in Syria nearly five years ago has now evolved into an international crisis unmatched by any other since World War II. The global community now has a solemn obligation to end this humanitarian disaster, but it cannot do so unless all the powers affected by the conflict set aside their differences in order to end the suffering of millions of […]

Janet Yellen may have unwittingly helped the Indian dollar-loan market rebound from a three-year low. Less than a week after the Federal Reserve Chair delayed raising U.S. interest rates, billionaire Mukesh Ambani’s Reliance Industries Ltd. hired 16 banks for a $1.5 billion loan and Rural Electrification Corp. also approached lenders. That takes the pipeline of local dollar-denominated loans planned, mandated or in syndication to more than $5 […]

WASHINGTON — Nearly 30,000 foreign recruits have now poured into Syria, many to join the Islamic State, a doubling of volunteers in just the past 12 months and stark evidence that an international effort to tighten borders, share intelligence and enforce antiterrorism laws is not diminishing the ranks of new militant fighters. Among those who have entered or tried to enter the conflict in Iraq or Syria […]

A logo is pictured at Google’s European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann/Files WASHINGTON The U.S. Federal Trade Commission has opened a preliminary investigation into whether Google Inc (GOOGL.O) uses its Android operating system to dominate competitors as more consumers go mobile, two sources familiar with the matter said on Friday. The Android mobile platform is a key element in Google’s strategy to maintain revenue […]

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SAN FRANCISCO/SYDNEY The iPhone 6s and 6s Plus hit stores around the world on Friday, kicking off what is expected to be a record weekend of sales as customers scrambled to buy Apple Inc’s (AAPL.O) marquee product in pink for the first time. Eager buyers – joined by at least one robot – flocked to Apple stores from Sydney to New York and San Francisco, itching to […]

Bloomberg|David McLaughlin| Google Inc. is back under U.S. antitrust scrutiny as officials ask whether the tech giant stifled competitors’ access to its Android mobile-operating system, said two people familiar with the matter. The Federal Trade Commission reached an agreement with the Justice Department to spearhead an investigation of Google’s Android business, the people said. FTC officials have met with technology company representatives who say Google gives priority to its own […]

INTERNATIONAL. Gleaming glass skyscrapers, state-of-the-art technology, and wealthy merchant families have replaced the Gulf’s muddy towns and villages populated by traders and pearl fishers that once lacked electricity, running water or modern communications. The region’s modern day projection of a visionary cutting- edge, 21st  century urban environment masks however the fact that some things have not changed. Gulf states continue to be ruled by the same families, […]

WASHINGTON — As the war in Iraq deteriorated, a senior American intelligence analyst went public in 2005 and criticized President George W. Bush’s administration for pushing “amateurish and unrealistic” plans for the invasion two years before. Now that same man, Gregory Hooker, is at the center of an insurrection of United States Central Command intelligence analysts over America’s latest war in Iraq, and whether Congress, policy makers […]

|By Ole Hansen| Global markets went quiet ahead of the long awaited Federal Open Market Committee meeting this past week as the first rate hike in almost ten years seemed possible. In the end Janet Yellen and her follow central bankers opted for no change and the statement following the announcement was surprisingly dovish. While US activity and employment data remains strong the extreme market volatility in late […]

Abu Dhabi Islamic Bank (ADIB) has raised Dh504 million ($137 million) in its rights issue, which was nearly three times oversubscribed with Dh1.46 billion in subscriptions received. The rights issue, the first tradable rights issue for a bank in the UAE, forms part of the comprehensive capital plan to support ADIB’s strong growth plans. Following the close of the subscription period on September 10, all 168 million […]

 |By TAP Staff| Integrated Capital, the capital markets arm of Abu Dhabi Financial Group, announced that it has placed and syndicated to its clients 20.3 percent of the $700 million notes issued by EA Partners IBV, a funding vehicle for Etihad Airways, its airport services business and five of its equity partners. Integrated Capital invested $142 million during the allotment period for the debut notes. The note […]

|By TAP Staff| Abu Dhabi Islamic Bank (ADIB) has successfully raised AED 504 million in the first tradable rights issue for a bank in the UAE. The rights issue, which forms part of the comprehensive capital plan to support ADIB’s strong growth trajectory, was nearly 3 times oversubscribed with AED 1.46 billion in subscriptions received. Following the close of the subscription period on 10  September 2015, all […]

QATAR. On Sept. 18, 2015, Standard & Poor’s Ratings Services affirmed its ‘AA’ long-term and ‘A-1+’ short-term foreign and local currency sovereign credit ratings on the State of Qatar. The outlook is stable. We also affirmed the ‘AA’ long-term issue ratings on the bonds issued by Qatari Diar Finance Q.S.C. and SoQ Sukuk A Q.S.C. RATIONALE Qatar is a wealthy economy; we estimate its GDP per capita […]

INTERNATIONAL. The era of the autonomous vehicle (AV) is fast approaching. Mass-market adoption of AVs will be the greatest inflection point for the automotive industry since the introduction of the assembly line and will confer tremendous benefits on society, according to a new report from The Boston Consulting Group (BCG). The report, titled Revolution Versus Regulation: The Make-or-Break Questions About Autonomous Vehicles, is being released today. It […]

The Federal Reserve kept its policy interest rate unchanged, showing reluctance to end an era of record monetary stimulus in a time of market turmoil, rising international risks and slow inflation at home. “Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term,” the Fed said in its statement. Thursday’s action signified […]

Private equity funds managed by Blackstone is set to acquire a majority of Serco Group’s private sector business process outsourcing (BPO) operations. The definitive agreement will include the former Intelenet business, for a consideration of £250 million ($385.7 million), approximately INR2,558 crores, said a statement. The enterprise value of this deal represents the largest acquisition by Blackstone in India, it said. The business has expected annual revenues […]

Gulf Business Machines (GBM), a leading provider of IT solutions, leveraging industry-leading technologies in the region, has partnered with the Information Technology Authority (ITA) of Oman to launch a programme aimed at increasing interest and offering opportunities for Omani graduates within the ICT sector.  The partnership comes as part of GBM’s ongoing efforts to provide the right tools and programmes to support the continued development of Oman’s […]

Autodesk, a leader in 3D design and engineering software, said that new commercial licences of most Autodesk Design and Creation Suites and individual products will be available by subscription only from July 31 next year. When this takes effect, the company will provide new, simplified subscription options so customers can access multiple products and share licences as they currently do — while gaining the simplicity, accessibility, and […]

Russian Hackers Targeting U.S. Government, F-Secure Says State-sponsored cyberattacks have been tied directly to a hacking group that gathers intelligence for Russia’s Kremlin. F-Secure Labs has just published a white paper that outlines seven years of attacks against governments in the United States, Asia and Europe. A malicious group called the Dukes uses a family of malware toolsets to steal information by infiltrating computer networks and sending […]

Middle East Ayatollah Ali Khamenei warned on Wednesday of foreign enemy subversions. By THOMAS ERDBRINK September 17, 2015 TEHRAN — Negotiating the nuclear agreement was a torturous, two-year process for Iran’s leaders, but a new kind of struggle is unfolding now in Iran, where the supreme leader, Ayatollah Ali Khamenei, and President Hassan Rouhani have begun to tackle a question Iranians have not thought about much since the revolution […]

WASHINGTON — Only four or five Syrian individuals trained by the United States military to confront the Islamic State remain in the fight, the head of the United States Central Command told a Senate panel on Wednesday, a bleak acknowledgment that the Defense Department’s $500 million program to raise an army of Syrian fighters has gone nowhere. Gen. Lloyd J. Austin III, the top American commander in […]

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Just in:
Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // Altman ranks UAE ahead on artificial intelligence adoption // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // Winners and losers if a blue wave sweeps US Congress // ADNOC authorises Ruwais Diyab gas development for 2029 // Bridge Data Centres Appoints New Co-Chief Executive Officer // Bank99 launches business accounts through Austrian postal network // mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // Probe ordered into new bar licences // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // ADIPEC leaders urge investment in global energy networks // ChatGPT billing fraud deploys rotating sites for card theft // Assembly ruckus trial begins after 11 years // America On Edge: November 3 Mid Term Polls Outcome May Weaken Trump // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // XTransfer and Bank of China (Hong Kong) Announce Partnership at Hong Kong FinTech Week // DIP Holding targets Dh1.12 IPO price and $529m proceeds // Varsity jobs face quota questions // Democrats secure Senate majority after Republican election losses // ONYX Hospitality Group Expands Strategic Partnerships through ONYX Rewards //