By G. Srinivasan The inexorable humid weather in the capital in the festive month of October has robbed the exuberant moments of celebrations, even as the weather patterns across the country seem to be swinging in extremes. India and other developing countries may continue to be in a denial mood that weather-related aberrations are not directly due to the broad climate change that is sweeping the universe […]
Video | Fighting Rages in Syrian Border Town President Recep Tayyip Erdogan of Turkey warned that the Syrian border town of Kobani might fall to Islamist militants as fighting intensified between Kurdish rebels and Islamic State fighters. By KARAM SHOUMALI and ANNE BARNARD October 7, 2014 MURSITPINAR, Turkey — President Recep Tayyip Erdogan of Turkey said Tuesday that the Syrian border town of Kobani, under siege from Islamic State fighters, was […]
Virtual Piggy, a payments technology company and the provider of youth payment technologyOink, has partnered with Funcom. The agreement with the independent developer and publisher of Massively Multiplayer Online (MMO) games, is to bring control to in-game payments. Oink is a payment technology designed to allow retailers and game publishers to reach under 21 consumers in a legal manner compliant with the FTC and other international regulations. The […]
Big On Telecom signs distribution deal with Blackphone DUBAI, 3 days ago Blackphone has signed a master distributor partnership with Big On Telecom, a Big on Group company headquartered in Dubai, to expand the brand’s presence in the Middle East and Africa (MEA) regions. The agreement marks a significant step in Blackphone’s growth, with Big On Telecom having started testing and launch discussions with telecom operators in […]
Slide Show | Preparing for New Risks in Golan Heights The fighting in Syria has prompted residents of the Golan Heights, Israel’s quietest frontier, to reassess the potential danger. By JODI RUDOREN October 4, 2014 EIN ZIVAN, Golan Heights — The updates poured in by two-way radio and cellphone as Tomer Lahav’s pickup sped around this kibbutz near Israel’s cease-fire line with Syria one recent evening. Mortars were falling […]
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 […]
Dubai’s Emirates Airline, the world’s largest carrier by international traffic flown, has signed a deal with TAAG Angola Airlines to manage the carrier for 10 years and cooperate on “commercial opportunities” in Africa. The Gulf carrier, which also has a partnership agreement with Australia’s Qantas Airways, will code-share on cargo and passenger services, participate in each carrier’s frequent flier programs and coordinate ground handling, Emirates said in […]
By Ashok B Sharma The likely face off between Indian and Chinese troops at the line of actual control (LAC) in Ladakh has been averted. Thanks to efforts of the Indian External Affairs Minister Sushma Swaraj and her counterpart Wang Yi at the margins of the UN General Assembly. The Chinese troops have begun withdrawing from Chumar in Ladakh following the flag meeting between two sides. […]
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 […]
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 […]
Payment transaction using Fawry Egypt’s Fawry launches new payment platform CAIRO, 1 days ago Fawry, Egypt’s leading nationwide Electronic Bill Presentment and Payment (EBPP) platform, has announced the launch of a new payment service that will enable customers to directly pay their traffic fines via the Fawry network of payment channels. The new service, which is made possible by an agreement signed with the Public Prosecution, marks […]
|TAP Special| Dubai World will reach a deal on renegotiating its debt repayment schedule soon, Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s Supreme Fiscal Committee, disclosed. “I can say for sure we will reach it. It is there and you will hear about it soon,” he told reporters at the sidelines of Ciyscape. Dubai World had offered creditors a series of incentives to lengthen a $25 […]
The e-borders system, which is supposed to stop a person coming to the UK if they have previously been deported or excluded from the country, has failed to intercept a single individual despite a £500 million IT project Photo: Reuters The disclosure that the chief suspect in the case of the missing schoolgirl Alice Gross is a convicted Latvian killer who should not have been in the country […]
The online review site Yelp and mobile game company TinyCo have both settled separate charges with the Federal Trade Commission that they improperly collected information from children under the age of 13 through their mobile apps. Both settlements were for violations of the Children’s Online Privacy Protection Act (COPPA) of 1998. Under its agreement with the FTC, Yelp will pay a civil penalty of $450,000 and must […]
Arabtec Holding said on Tuesday it was unaware of any stake sale agreement between its largest shareholders following reports that the company’s former chief executive was about to sell at least part of his stake. Arabtec “does not have the information” on such a deal, it said in a bourse statement. Shares in Arabtec jumped 3.7 percent to 4.77 dirhams on Monday following a report that its […]
Verizon plans to launch an “over-the-top” digital video broadcasting service by the middle of 2015, CEO Lowell McAdam said Thursday. Speaking at Goldman Sachs’ Communacopia conference, McAdam said the service would deliver video content to wireless devices on an a la carte basis. “No one wants to have 300 channels on your wireless device,” McAdam said, according to a transcript of the talk published on the investment […]
By Liana B. Baker, Avik Das and Soham Chatterjee Sat Sep 6, 2014 5:31am IST People play in a hall inside Alibaba’s headquarters in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files REUTERS – Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology […]
NEW DELHI: In a move that could benefit coal-fired power projects aggregating 20,000 MW set to come up by the end of 2016 but without any assured supply of the fuel, the power ministry has proposed that to start with, they be given at least 50% of the normative coal requirement to run the plants at a plant load factor (PLF) of 85%. If the plan materialises, […]
Abu Dhabi’s Waha Capital has entered into a $575 million hedging deal on half of its stake in AerCap Holdings, the Emirati investment company said on Wednesday. Waha will use the money to repay debt and fund new investments, according to a company statement to Abu Dhabi’s bourse. AerCap Holdings, in which Waha was its largest shareholder, bought American International Group’s aircraft leasing business in a $5.4 […]
Telr, the payments company based out of Singapore and Dubai, has merged with a payment gateway in the United Arab Emirates to launch its services to ecommerce websites across the Middle East. Telr website The company, founded by ex-PayPal Middle East director Elias Ghanem, plans to offer ecommerce websites a payment gateway and delivery of goods, and will also provide short-term financing to help scale some startups. […]
NEW DELHI: The decision to award private operators contracts to manage airports appears to be back on the agenda, with the Narendra Modi-led government taking charge at the Centre. An inter-ministerial group (IMG) is scheduled to meet on Thursday and finalise the model concession agreement (MCA) for award of contracts for six identified airports – Chennai, Kolkata, Lucknow, Guwahati, Jaipur and Ahmedabad – on the basis of […]
Iran’s possible response to new U.S. sanctions could “not be pleasant”, its foreign minister said on Sunday, raising the prospect of tit-for-tat retribution against the Islamic Republic’s old adversary weeks ahead of fresh nuclear talks. Iranian leaders reacted with dismay to Friday’s announcement that Washington was going to penalize a number of Iranian and other foreign companies, banks and airlines for violating sanctions against Tehran, most of […]
|By TAP Staff| King Abdullah bin Abdulaziz of Saudi Arabia warned that terrorists will target the West if the world does not unite to confront them. King Abdullah made the statement during a presentation of credentials ceremony held in Jeddah yesterday for new ambassadors to Saudi Arabia, including U.S. Ambassador Joseph W. Westphal. “If neglected I’m sure they [terrorists] will reach Europe in a month and America […]
