News related to
business

In November, Mr. Sadeghi gave a speech in Parliament accusing the head of the judiciary, Sadegh Amoli-Larijani, of maintaining a secret bank account to collect diverted public funds. After the speech, representatives of the judiciary tried to arrest him, but were stopped when dozens of people gathered in front of his house to protect him. Continue reading the main story Nevertheless, change for Mr. Sadeghi and many […]

By Jeremy Wagstaff and Dustin Volz | SINGAPORE/WASHINGTON SINGAPORE/WASHINGTON Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mails. The ransomware that has locked up more than 200,000 computers in more than 150 countries has been mainly spread by e-mail, hitting factories, hospitals, shops and […]

A report from the Office of the Australian Information Commissioner (OAIC) has revealed that only 53 percent of people it surveyed were able to nominate an organisation to report the misuse of their information to. The OAIC said that when asked, only 47 percent admitted awareness of a Privacy Commissioner — either federal or state level — but a mere 7 percent said they would report misuse […]

15 May 2017 The legal departments at Pepsi-Cola International, Total Marketing Middle East and Qatar Financial Centre Authority were among the big winners at the Middle East Legal Awards, which took place at The Ritz-Carlton, Dubai, on Thursday (11 May). The trio were named Legal Department of the Year in the large team, small team and government, department, agency or public body categories respectively. The award for […]

More than 120 traditional dhows retraced a centuries-old pearl diving route off the coast of the United Arab Emirates on Sunday for an annual boat race. The “Al-Gaffal” race, Arabic for “The Return”, traces the path pearl-divers would take on their return home from a day at sea. The wooden dhows with billowing white sails made the 51.3 nautical mile (95-kilometre) journey from the island of Sir […]

SYDNEY U.S. buyout firm TPG Capital Management on Monday raised its cash bid for Fairfax Media Ltd (FXJ.AX), offering A$2.76 billion ($2.04 billion) for the struggling Australian publisher and sending its shares to a six-year high. The fresh offer from TPG [TPG.UL] and partner Ontario Teachers’ Pension Plan Board (OTPP) would allow shareholders to cash out completely rather than leaving them with scrip in a piecemeal collection […]

Your daily guide to community and cultural activities across the Emirates for May 13, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Film screening Cinema […]

Advertisements

Acer Computer Australia has reported after-tax profit of AU$3.2 million for the full year ended December 31, 2016, turning around the AU$3.6 million loss reported in the previous year. The Taiwanese electronics company did not break down figures according to business, but reported that revenue rose 10.4 percent from AU$275.9 million in 2015 to AU$304.6 million in 2016. Cash and cash equivalents increased 84 percent to AU$33.1 […]

Singapore, one of the most urbanised nations on earth, is making land available for agriculture for the first time in decades for farmers to come up with high-tech ways of improving the city-state’s food security. About 60 hectares of land will be released for farming from August, in a move authorities describe as providing a “buffer” against disruption in the supply chain. Singapore is the third most […]

By Benjamin Kang Lim | BEIJING BEIJING China and the Philippines will start bilateral consultations on the disputed South China Sea this week, the Philippine ambassador to Beijing said, as Manila looks to ease tensions with Asia’s top economic power. Philippine President Rodrigo Duterte, who is visiting Beijing this weekend to attend a summit on China’s new Silk Road plan, has opted to court China for its […]

The ban on importing some agricultural products from Arab countries will not affect supply or pricing during Ramadan, the Ministry of Climate Change and Environment has said. Last month, the Ministry announced a decision to ban imports of vegetables and fruits from selected countries with effect from May 15 amid concerns about pesticide residues in excess of permissible limits. The counties impacted by the ban include Jordan, […]

The ransomware attack caused chaos last week around the world, including at hospitals in the UK. sudok1, Getty Images/iStockphoto The global ransomware attack that caused chaos could spring back to life again as workers return to the office, experts have warned. While ransomware has been a growing menace for some time, this particular attack is without parallel, largely because the ransomware was combined with a worm-like functionality […]

TOKYO Western Digital Corp (WDC.O) has sought international arbitration to stop partner Toshiba Corp (6502.T) from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California-based Western Digital is a long-standing joint venture partner and runs Toshiba’s main semiconductor plant in Japan. It has sought to bid for the Toshiba chips business, but is not seen as the front-runner, […]

Model-of-the-moment Winnie Harlow will walk the runway during Arab Fashion Week at The Meydan Hotel in Dubai this week. The 22-year-old Canadian, who has the depigmenting skin condition vitiligo, is one of many famous figures taking part in the event, which runs from ­tomorrow until Saturday. “Cardi B, the American influencer and hip-hop artist, will be flying in,” says Jacob Abrian, chief executive of the Arab Fashion […]

Hotel giant Hyatt has announced plans to expand its brand footprint in the Gulf and wider Middle East region with the signing of management agreements for 14 new properties. Under the agreement, Hyatt-branded hotels across the Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Centric, Hyatt Place, and Hyatt House brands will open in the region over the next few years. They will be based in cities including […]

By Michel Rose and Jean-Baptiste Vey | PARIS PARIS Emmanuel Macron took power as president of France on Sunday, vowing to restore the country’s status in Europe and the world and heal divisions in society — a nod to the bitter campaign the pro-EU centrist fought to defeat a far-right leader. The 39-year-old former investment banker, unknown to the wider public three years ago and whose May […]

Having single-handedly hounded Home Capital Group – the company which we predicted in 2015 would be “ground zero” for any potential Canadian financial crisis, and has emerged as the Canada’s equivalent to the infamous New Century which in 2007 presaged the upcoming global financial crisis – into near oblivion, noted chicken-farmer and short-seller, Marc Cohodes, over the weekend revealed the full details behind his latest short thesis: […]

Dubai master developer Nakheel has signed a construction contract worth nearly AED1.5 billion for The Palm Gateway, a new three-tower residential, retail and beach club complex at the foot of the world-famous Palm Jumeirah. Nakheel said in a statement that it has appointed Shapoorji Pallonji Mideast to carry out the work, which will begin by the end of June and take two and a half years to […]

In this May 12, 2017 photo, a display panel with an error can be seen at the main railway station in Chemnitz, Germany. Germany’s national railway says that it was among the organizations affected by the global cyberattack but there was no impact on train services. Deutsche Bahn said early Saturday that departure and arrival display screens at its stations were hit Friday night by the attack. […]

Amman, 14 May 2017  Marking the debut of The Ritz-Carlton brand in Jordan, Al Eqbal Real Estate Development and Marriot International have announced the signing of an agreement to establish The Ritz-Carlton hotel and residences in Amman, which is scheduled to be complete in 2020. The agreement was inked by Tawfiq Fakhouri, Founder and Chairman of Al Eqbal Real Estate Development, and Alex Kyriakidis, President and Managing […]

Businesses must brace for further cyber attacks this week on a potentially “significant scale”, British intelligence officials warned on Sunday, less than 48 hours after the debilitating WannaCry infection swept across the world. Current data show more than 1.3m computer systems are still vulnerable to infection by WannaCry, which has paralysed hospitals, disrupted transport networks and immobilised businesses, according to cyber security analysts. So far, 200,000 computers […]

Ransomware: Everything you ever wanted to know Hospitals across England and Scotland are being forced to postpone appointments and divert patients elsewhere because systems have been taken offline by a ransomware attack in an event NHS England has declared as a ‘major incident’. In a statement, NHS Digital, which runs IT systems for the health service, has confirmed that systems across the country have been brought down […]

Where will self-driving cars go once they drop you off? In big cities, parking can be expensive and take forever to find. But TechCrunch Disrupt NY hackathon team Val.ai built a way for autonomous vehicles to participate in auctions for nearby parking spaces. When a self-driving car needs to park itself, it can submit real-time bids for local spots occupied by others. If a currently parked car […]

The UAE’s telecommunications regulator said on Saturday that it has reported no cases of the Wanna Cry ransom attacks that impacted computers around the world. The Telecommunications Regulatory Authority (TRA) confirmed in a statement cited by state news agency WAM that the UAE had escaped any impact from the virus. “So far, we have not received any e-government service cases that are affected by the virus. WannaCry […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA