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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 […]

Gulfnet Communications Co, a leading provider of information and communications technology services, has received the ISO 9001:2008 for the fifth consecutive year after an extensive audit of the company’s internal operations. The ISO 9001:2008 Quality Management System certification demonstrates Gulfnet’s robust quality management system to guide and govern its operations across the company, said a statement. The certification is an important step in assuring that customers continue […]

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 […]

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 […]

ABU DHABI // Emiratis living in Khalifa City A want more footpaths, a better road network and more after-school activities for their children. A suburban area of mostly villas, the neighbourhoods do not have parking or traffic congestion problems. But some residents say the lack of paths makes it dangerous to walk. “We do not have any parking shortages here compared with the city,” said Mohammed Al […]

ABU DHABI // Government organisations have continued their fightback against claims that the UAE has the most polluted air in the world. Earlier this year, the World Bank released The Little Green Data Book, which said the country had particle pollution levels (PPM) much higher than the World Health Organisation’s recommended guidelines. It said the UAE was the “country with the most polluted air”, which was immediately […]

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. Reuters/Jim Young/Files FRANKFURT Security researchers say they have uncovered clandestine attacks across three continents on the routers that direct traffic around the Internet, potentially allowing suspected cyberspies to harvest vast amounts of data while going undetected. In the attacks, a highly sophisticated form of […]

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CAIRO — The mistaken airstrike by the Egyptian military that killed a dozen people on a Mexican tourist trip in the Western Desert hit at a picnic in the middle of the day, witnesses said Monday, raising new questions about both the extent of the error and the official explanations. The convoy of four sport utility vehicles was about three hours southwest of Cairo on a typical […]

Two years on from its launch in the city, ride-hailing service Uber is using its Middle East & Africa headquarters in Dubai to lay the groundwork for expanding in the region–through more than just operating in new cities. Since August 2013, the US-based company, which connects drivers and passengers through smartphone apps, has commenced operations within the GCC in Doha, Abu Dhabi, Riyadh, Jeddah and Saudi Arabia’s […]

A display for the Windows 10 operating system is seen in a store window at the Microsoft store at Roosevelt Field in Garden City, New York July 29, 2015. Reuters/Shannon Stapleton/Files REUTERS – Microsoft Corp sent out invitations on Monday for an event on Oct. 6, where it is expected to unveil new devices that run on Windows 10, its latest operating system. “We’re eager to share […]

HAJJA, Yemen — The airstrike slammed into Al-Sham water-bottling plant at the end of the night shift, killing 13 workers who were minutes away from heading home. Standing among the strewn bottles, smoldering boxes and pulverized machines a few days after the airstrike here, the owner, Ibrahim al-Razoom, searched in vain for any possible reason that warplanes from a Saudi-led military coalition would have attacked the place. […]

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012. Reuters/Denis Balibouse/Files REUTERS – Yahoo Inc’s media head, Kathy Savitt, has decided to leave, a company spokeswoman said. Savitt will join film and television studio STX Entertainment in October as president of its digital business, STX said. Yahoo is planning […]

The Dubai Health Authority has awarded contracts worth Dh24 million ($6.5 million) to Emirati entrepreneurs in the last three and a half year, falling under the small and medium enterprise (SMEs) classification, according to a top officials. Eman Khalfan Al Jallaf, director of purchasing and contracts department at the DHA, said that in line with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime […]

INTERNATIONAL.  Apple® and Hermès today introduced Apple Watch® Hermès, a new collection of Apple Watch in stainless steel with finely crafted leather bands in distinctive styles from Hermès, including the Single Tour, Double Tour and Cuff, while respecting the design and functionality of the Apple Watch. The collaboration merges Apple’s unparalleled product innovation with the heritage, iconography and craftsmanship of Hermès, creating a unique expression of Apple […]

UAE. As Dubai continues to roll out developments fueling the expansion of the city, there has been pressure on developers to build affordable homes to support the middle-income groups (earners between 3k-10k AED). In the last year, a flurry of new projects has been launched to cater to this segment. As the markets have matured and slowed down, developers have catered to affordability, more often by reducing […]

UAE.  Latest business survey data pointed to a robust and accelerated expansion in Dubai’s private sector output during August. Furthermore, the rate of business activity growth was the fastest seen since May, with all three monitored sub-sectors reporting stronger output growth in the latest survey period. The rebound in activity growth was underpinned by a stronger expansion in new business, which increased at the strongest rate in […]

New York-based developer FiftyThree today launched Paper version 3.0, calling the new version of the note-taking program the biggest update in the app’s history. The free app brings all of a user’s text notes, lists, photos, and sketches together, providing a space to collect ideas in any form the user prefers. The updated version of the three-year-old app comes with support for the Apple iPhone and several […]

Developers and IT pros have been test-driving a preview of Office 2016 since March, but the final version is now set to launch starting September 22. Microsoft said the “seminal” release will be chock full of new IT management features. The new suite of Office applications will give Office 365 ProPlus business subscribers a choice of two types of ongoing updates. As they have in the past, […]

Video The Democratic presidential candidate Hillary Rodham Clinton backed the Iran deal in a speech at the Brookings Institution in Washington on Wednesday. By DAVID E. SANGER and AMY CHOZICK September 9, 2015 WASHINGTON — Hillary Rodham Clinton on Wednesday embraced the Iran nuclear deal that she paved the way for as secretary of state, but said it would work only “as part of a larger strategy toward Iran” that contained the […]

Apple unveiled its iPhone 6S (pictured) and 6S Plus today at its annual new product blowout in San Francisco. The form factors and screen sizes of the two phones (4.7 inches and 5.5 inches, respectively) are the same as previous models, but that’s about where the similarities end. The big news on the iPhone 6S and 6S plus is the new input feature, previously called Force Touch […]

UAE.  JLL, the world’s leading real estate investment and advisory firm, has today published a special report on the middle-income housing segment in the Middle East and North Africa region. The report highlights the social and economic impact of a marked shortfall in the required supply of middle-income housing, suggesting that significant efforts are needed to address the current imbalance. The report clearly outlines that this shortage […]

|By Matein Khalid| The Federal Reserve could well raise its overnight borrowing rate at the next FOMC monetary policy conclave on September 17. Though contagion from China’s 40% stock market meltdown has triggered bear markets from Hong Kong to Frankfurt and plunged Asian/emerging markets equities into ta ghastly replay of 1998’s epic meltdown (General Suharto’s overthrow, the Russian rouble default, Malaysia’s capital controls, the run on the […]

WASHINGTON — Three Democratic senators announced on Tuesday that they would back President Obama’s nuclear deal with Iran, bringing to 41 the total number of Senate supporters as critics in Congress prepared to open a historic debate on the accord. With the support of the three senators — Richard Blumenthal of Connecticut, Gary Peters of Michigan and Ron Wyden of Oregon — the White House gained additional […]

WASHINGTON — Former Vice President Dick Cheney on Tuesday rallied Republican opposition to President Obama’s agreement with Iran, denouncing it as a “shameful deal” that would risk a new Holocaust and possibly lead to the first nuclear attack since Nagasaki. In a full-throated speech to supporters at the American Enterprise Institute here, Mr. Cheney argued that Mr. Obama and his team had abandoned their own criteria for […]

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