SAUDI ARABIA. Jadwa Investment, the Saudi asset manager focused on Sharia’ah compliant mutual and private equity funds, has just issued its Quarterly Global Oil Market Update (Q3 2014). Summary of the report · The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping by 7.3 percent in Q3 2014, to an average of […]
If you need to handle massive amounts of computational data faster than you are now, IBM has rolled out new systems just for you. Big Blue’s Power8 portfolio now offers systems that claim to deal with data at nearly 20 percent better price for performance metrics than comparable Intel Xeon v3 processor-based systems. To be sure, IBM is pushing toward the big data computational brink in response […]
Over the past three years, Google’s Android operating system has grabbed a major share of the global smartphone market. But there’s more than one flavor of Android out there, and Google is increasingly finding one flavor being pitted against the other. In one corner is the truly open-source Android, which falls under the purview of Google’s Android Open Source Project (AOSP). When Google launched the project in […]
To find inspiration for the future in his new role as chief executive of Masdar, Dr Ahmad Belhoul looked at the past. “When you look back a generation or two to our grandparents’ time, they were some of the most sustainable people on Earth,” he said. “They would use water and food only to the extent that they needed.” Appointed as the head of Abu Dhabi’s leading […]
By Subrata Majumder At the time when India unveiled its much hyped “Make in India” dream of Prime Minister Narendra Modi, China silently unleashed its “Made in China” programme to re-build its manufacturing hub. “Make in India” and “Made in China” sound similar in their perspectives. But, conceptually they are different. While “Make in India” was a call to establish world’s biggest manufacturing hub and increase share […]
By Surojit Mahalanobis It is better late than never. The news that the power minister Piyush Goyal has set up an inter-ministerial panel (IMC) to examine and move forward with effective allocation of the 214 coal blocks, after the Supreme Court’s recent order, is indeed acceptable. What is positive about the move is that the committee (IMC) would comprise engineers of power, steel, and mining sectors as […]
| By TAP Staff| A report titled Future of Travel by flight comparison website Skyscanner predicts that Lebanon will be the ‘new Dubai’ in a decade’s time. The report looks at how hotel rooms and holiday destinations could change over the next decade. It lists 50 destinations that could emerge as holiday hotspots over the next 10 years, ranking them according to the projected growth per annum […]
Barjeel Data Centre…IT hub for operations Mercury Mena wins data centre project in Abu Dhabi MANAMA, 7 hours, 15 minutes ago Mercury Middle East and North Africa, a leading mechanical, electrical and plumbing (MEP) company, has won a deal to provide the turnkey solutions for the new data centre for the National Bank of Abu Dhabi (NBAD). The Barjeel Data Centre will service as the information technology […]
Security experts are keeping an eye on the Shellshock vulnerability, also known as the Bash (Bourne-Again Shell) bug, as a focus for malicious scanning and at least one botnet. They warn, though, that hackers haven’t even begun to test the limits of the vulnerability. The Shellshock vulnerability, also called the Bash (Bourne-Again Shell) bug, could be even an even greater threat than the Heartbleed bug. Disclosed in […]
Cisco is adding some muscle and money to its Intercloud skeleton, signing over 30 new partners to its worldwide network of interconnected clouds. The new alliances add 250 data centers in 50 countries to Intercloud. Cisco Capital,a wholly owned subsidiary of Cisco, has also earmarked $1 billion in financing to the effort, providing the money so Cisco customers and partners can more quickly adopt the Cisco technologies […]
FTTH Council to host 6th annual conference DUBAI, 3 hours, 27 minutes ago Fibre to the Home (FTTH) Council Mena, has announced the launch of its sixth annual conference in the UAE under the theme of ‘FTTH – The Rise of Smart Nation’.According to a 2013 study conducted by the council, UAE has the highest penetration rate in the world of fibre to the home connectivity for […]
Mobily rolls out new iPhone 6 models RIYADH, 3 hours, 30 minutes ago Mobily, a leading teleom operator in Saudi Arabia, has launched the new iPhone 6 and iPhone 6 plus mobile phones in selected cities of Riyadh, Jeddah and Al-Khobar. There was a solid rush at the Mobily outlets on Saturday among the cutsomers who wanted to lay their hands on ‘the most sophisticated and advanced’ […]
Apple Products May Be Scarce Around the L.A. Clippers The Los Angeles Clippers have a new rival under [basketball team] owner Steve Ballmer, one that cannot fluster them with cheap shots on the court or end their season in heartbreaking fashion. Of course, that doesn’t make Apple products such as the iPad and iPhone any less vexing to Ballmer, the longtime former Microsoft executive who famously bars […]
Al Sudairy … GEMS is a leading player Saudi group buys waste management firm for $300m RIYADH, 1 days ago Jadwa Waste Management Opportunities Fund, a unit of leading Saudi Arabian private equity house and investment bank Jadwa Investment, has acquired Global Environmental Management Services (GEMS) together with its co-investment partners in a deal valued at around $300 million. The acquisition was funded by funds managed by […]
Riding high on a backlash against Facebook, following the company’s decision to bar drag performers from registering using their stage personas, social networking startup Ello is aiming to be a giant killer. Ello, which launched in July, is promoting itself as a less exploitive version of the world’s largest social networking site. “Your social network is owned by advertisers,” Ello said in the first line of its […]
In a move to tap into the vast opportunities in China’s technology industry, Intel plans to invest as much as $1.5 billion for a minority stake in a holding company there. Intel is acquiring 20 percent of a Tsinghua Holdings operating subsidiary to execute its mission. Tsinghua is a solely state-owned limited liability corporation funded by Tsinghua University in China. By partnering with Tsinghua, Intel aims to […]
Brocade unveils Vyatta SDN controller DUBAI, 21 hours, 28 minutes ago Brocade, an American technology company specialising in data and storage networking products, recently introduced the Brocade Vyatta Controller as part of the company’s strategy that delivers an open and modular networking platform for cloud service providers. The Software-defined networking (SDN) controller from Brocade that is scheduled for general availability in November this year is a key […]
While security researchers are still talking about the Home Depot breach — Jimmy John’s is reporting a possible security breach at the popular submarine sandwich chain. Recently, Home Depot confirmed that a data breach put about 56 million customer credit and debit cards at risk. In its official statement, Jimmy John’s revealed its breach involved both credit and debit card data captured at some of its corporate-owned […]
Hackers have already launched attacks aimed at exploiting the Shellshock Bash bug, according to Security researchers at AusCERT and MalwareMustDie. That means administrators should patch vulnerable systems as soon as possible. Shellshock is the name given to a vulnerability that exists in GNU Bash (Bourne-Again Shell) versions 1.14 through 4.3. Unix and Linux systems — as well as the Mac OS X (which also uses bash) — […]
As Google Chairman Eric Schmidt hit the interview trail this week to promote his new book, he addressed a number of contentious topics including WikiLeaks founder Julian Assange and the ever-escalating battle between his company and Apple. Schmidt was on Bloomberg TV Wednesday to talk about “How Google Works: The Rules for Success in the Internet Century,” a book he co-wrote with Jonathan Rosenberg. When mention was […]
Shares of Marka started trading Thursday at a premium of 77% to its 1 U.A.E. dirham ($0.27) issue price. Asa Fitch for The Wall Street Journal Shares of Marka, a brand-new retail and hospitality company in the United Arab Emirates, began trading at a huge premium to their initial public offering valuation on the Dubai Financial Market Thursday, underscoring both a revival of confidence and what could […]
Staying in touch with technology is crucial for success The five must-have tools for everyone in real estate RIYADH, 1 days ago As new technologies continue to evolve, the necessary tools for success in the real estate industry have developed. It has become essential for real estate agents, developers, buyers, and sellers to take advantage of the features provided by the innovative apps, devices, and technology that […]
Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]
Gulf Capital buys into top Egypt glass firm ABU DHABI, 21 hours, 31 minutes ago Gulf Capital, a leading alternative investment firm, has completed the acquisition of a strategic minority stake in Middle East Glass Manufacturing (MEG), Egypt’s largest container glass and PET manufacturer. MEG is a worldwide approved supplier of glass bottles for Coca-Cola, an approved supplier for Pepsi, Nestle and other major beverage producers locally […]
