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People walk past a Megafon mobile phones shop in Moscow, Russia, Saturday, May 13, 2017. A top Russian mobile operator said Friday it had come under cyberattacks that appeared similar to those that have crippled some U.K. hospitals. Pyotr Lidov, a spokesman for Megafon, said Friday’s attacks froze computers in company’s offices across Russia. (AP Photo/Ivan Sekretarev) The cyberattack that spread malicious software around the world, shutting […]

Newly re-elected President of the Chamber of Advocates George Hyzler said that lawyers are concerned about the effect that the Panama Papers and other recent allegations, and the negative international coverage resulting from them, will have on the financial services sector in particular. Asked about the effects of such revelations on the financial services sector, and whether lawyers are concerned about this, Dr Hyzler – who […]

India’s $1.6tn stock market broke new ground last week, with the benchmark index hitting an all-time high as confidence builds that the government’s reform agenda will strengthen growth and corporate earnings. But the stock market’s 14.9 per cent rally since January 1 has divided opinion among fund managers who disagree over whether Indian equities can make further gains. “The most common question that I am asked by […]

(This version of the story corrects paragraph 10 to show quote was by Interim CFO Bob Blowes, not Robert Morton as previously stated) By Matt Scuffham TORONTO Home Capital Group Inc (HCG.TO) confirmed on Friday it is considering asset disposals to enable it to refinance more quickly and pay off an emergency loan provided by the Healthcare of Ontario Pension Plan. Shares in Canada’s biggest non-bank lender […]

Dubai on Monday unveiled a new website to enhance awareness of the city as a top global destination for golf tourism. Launched at the Asia Golf Tourism Convention (AGTC) in Danang, Vietnam, golfindubai.com provides information on courses designed by legends including Ernie Els, Sir Nick Faldo, Colin Montgomerie and Greg Norman, as well as details on leisure and practice facilities and wider hospitality offers. A video of […]

Emmanuel Macron will formally become French president on Sunday and will immediately be put to the test by challenges from choosing a prime minister to pressing Germany to back a tougher EU stance on trade and investment. Mr Macron, a 39-year-old Europhile pro-business centrist, is taking over a country on edge after an unpopular Socialist presidency and a rollercoaster campaign marked by the qualification of the far-right […]

Security breaches this week in Singapore and around the globe reveal the country will have to safeguard a much wider attack surface and need a cybersecurity strategy that goes beyond simply limiting internet access. It was revealed on Friday that two Singapore universities suffered APT (advanced persistent threat) attacks last month, with the hackers specifically targeting government and research data. The National University of Singapore (NUS) had […]

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Under the patronage of the Minister of Education and Higher Education HE Dr. Mohammad AL Fares Best Student Company of the year 2017′ went to” Youth Creation” for the University category and” Agrivage” for the High School category 13 May 2017 Kuwait – Under the patronage of the Minister of Education and Higher Education, HE Dr. Mohammad Al Fares, INJAZ-Kuwait successfully concluded its annual Company Program […]

Dubai Properties has announced the appointment of SEIDCO General Contracting as the main contractor for its Bellevue Towers residential development in Burj Khalifa district. The contract, worth more than AED200 million ($54 million), will be completed by the second quarter of 2019, the developer said in a statement. The Bellevue Towers residential apartment buildings will offer 319 units including 159 one-bedroom apartments, 105 two-bedroom apartments, 42 three-bedroom […]

BP is suing one of its former US oil trading analysts for allegedly stealing company secrets, in a case that shines a light on the importance of proprietary data to the world’s largest oil traders. In a filing in the United States Northern District of Illinois, BP’s trading division alleges that Joseph Giljum, a crude oil analyst at its Chicago office until last month, uploaded “large volumes” […]

BRUSSELS Dutch brewer Heineken (HEIN.AS) has launched a non-alcoholic version of its namesake beer with the aim of becoming the global leader in a part of the market growing faster than the average. The world’s second largest beer maker launched “Heineken 0.0” at the Spanish Grand Prix in Barcelona and will sell it in 17 markets, across Europe and also Russia and Israel, unlike rivals which have […]

It is not often that you can halt a global hacking attack for a tenner. But when you do, you spend your money fast. Although Friday’s attack infected computers in almost 100 countries, it did not go on to spread further, thanks to an eagle-eyed UK security researcher who spotted a “kill switch” in the malware code and used it to stop the virus and collect data […]

We’ve all know how security is among the top – if not actually the top – concern for CIOs when making decisions about moving workloads into the cloud. Less often spoken of is visibility: the ability to view in detail and to manage those assets when they’re parked on top of someone else’s infrastructure – whether that infrastructure is simply a datacentre facility or a hosted server. […]

State-owned utility Qatar General Water & Electricity Corporation (Kahramaa) has awarded Siemens its largest contract to-date in Qatar for the expansion of the country’s power transmission network. As part of the deal, valued at QR3.1 billion ($851 million), Siemens will deliver 35 turnkey super and primary substations for phase 13 of the Qatar Power Transmission System Expansion project. This marks a significant milestone for Siemens, which has […]

By Jeremy Wagstaff | SINGAPORE SINGAPORE Some hospitals, schools and universities in Asia were hit by a global cyber attack which infected tens of thousands of computers in Europe and the United States, but officials and researchers said the extent of any damage may not yet be known. China’s official news agency Xinhua said secondary schools and universities were hit, but did not say how many or […]

Bonds issued by commodity trader Noble Group have fallen, mirroring a sharp decline in its share price, amid growing concerns about the company’s ability to manage its debt load and secure liquidity from banks. Noble’s recently issued 8.75 per cent 2022 notes have fallen from 97 cents on the dollar this week to just 53 cents, pushing the yield up to about 27 per cent, according to […]

BUSBARI, Italy Financial leaders of seven leading world economies pledged stronger cooperation against cyber crime on Saturday and not to use foreign exchange to gain competitive advantage, but stuck to their cautious wording on trade, their final communique showed. Finance ministers and central bank governors from the United States, Canada, Japan, France, Germany, Italy and Britain met in the Italian city of Bari to discuss the world […]

13 May 2017 Riyadh – Etihad Etisalat (Mobily) represented by its Channel Sales Dept, and in collaboration with its partners (Mishbah Co – AlHadad Co – Qanawat Co – Safari Co – Digico) honored distinguished wholesale point of sales in a ceremony held recently at Novotel Al Anoud Hotel in Riyadh with the presence of Mobily top management and Heads of Mobily partners. This comes out of […]

An exterior view shows the main entrance of St Bartholomew’s Hospital, in London, one of the hospitals whose computer systems were affected by a cyberattack, Friday, May 12, 2017. A large cyberattack crippled computer systems at hospitals across England on Friday, with appointments canceled, phone lines down and patients turned away. (AP Photo/Matt Dunham) Teams of technicians worked “round the clock” Saturday to restore hospital computer systems […]

Ransomware: Everything you ever wanted to know The ransomware attacks that forced hospitals across the UK to turn away patients are apparently part of a larger wave of ransomware infections worldwide. Prime Minister Theresa May said: “This is not targeted at the NHS, it’s an international attack and a number of countries and organisations have been affected,” according to the BBC. As well as the UK, where […]

Raneem Almohandes has been named the winner of Unilever’s Forsaty campaign, an online competition to discover the next female vlogging star in the region.  The 22-year-old Egyptian beat hundreds of contestants from 30 different nationalities to receive a cash prize of $35,000, a one-year contract with Unilever, plus mentorship and workshops from YouTube. The passionate vlogger’s style is best captured in a message on her YouTube channel […]

TUNIS Several thousand Tunisians marched through central Tunis on Saturday to protest against a bill that would grant amnesty to businessmen accused of corruption when autocrat Zine El-Abidine Ben Ali was in power. Critics of the Economic Reconciliation bill say it is a step back from the spirit of Tunisia’s 2011 revolution to oust Ben Ali but government officials say it is a way get the businessmen […]

     “The hope that consumer and business spending will surge is probably just that, hope.”       – Joel Naroff, President of Naroff Economic Advisors and TDn2K Economist So another chain restaurant is “preparing” to bite the dust. Ignite Restaurant Group, which operates the Joe’s Crab Shack chain with 113 locations and the Brick House Tavern chain with 25 locations, and used to operate the Romano’s Macaroni Grill […]

By David Lawder and William Schomberg | BARI, Italy BARI, Italy The United States said on Saturday the world’s other rich economies were getting used to the policy plans of President Donald Trump, but Europe and Japan showed they remained worried about Washington’s shift. Officials from the Group of Seven nations met in southern Italy hoping to hear more about Trump’s plans which they fear will revive […]

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