It has been a long time since an HP business device made me sit up and take notice, but the latest Elitebook x360 has changed that. In a world where manufacturers continue to push tablets with keyboards as productivity devices, I’m increasingly convinced that convertible laptops are the superior option. The Elitebook x360 1030 G2 is first and foremost a very good laptop, and the ability to […]
Integrated lifestyle development establishes a new benchmark for experiential travel in the region Dubai, UAE – 27 April 2017 – Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, together with Marriott International (NASDAQ: MAR) today announced plans to launch the region’s first cinema-themed concept at Aloft Dubai City Centre Deira. The concept will feature a unique […]
When the Nasdaq Composite index first spent two days above the 5,000 mark, it signalled the last gasp of a spectacular bull market. Confidence in internet companies’ power to change the world and mint fortunes was about to collapse. Seventeen years later the market has hit a milestone of 6,000, part of a run of record highs for global equity markets. While stocks have again been rising […]
US hotel giant Hilton has announced that it has more than 16,000 rooms under construction in the Gulf region which will open by 2020. Hilton CEO Chris Nassetta underlined the importance of the region to his company’s ambitious expansion plans. He said Hilton has a total of over 21,000 rooms in its pipeline across the Gulf, with the six markets of the GCC contributing more than a […]
DETROIT Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports’ top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not enough. The magazine, which provides an annual rating of vehicles sold in the United States, said on Wednesday the sedan had lost its top ranking in the ultra-luxury […]
Alphabet/Google announced first quarter financial results that beat Wall Street estimates. But the jump in revenues hides a large problem that hasn’t been solved. From Matthew Lynley at Techcrunch The Google core business is, as usual, quite boringly efficient. We tend to see the same story every quarter – the value of each ad (cost-per-click) goes down while the number of ad impressions goes up, and Google […]
North Korea tested a ballistic missile on Saturday morning local time, in a provocative move that came just hours after Rex Tillerson, US secretary of state, called on UN member states to impose “painful” sanctions on the regime in Pyongyang. US Pacific Command, which oversees US forces in Asia, said North Korea launched a missile at 5.03am local time on Saturday from a location near Pukchang airfield, […]
Average apartment sales prices in Abu Dhabi fell by 1 percent in the first quarter of 2017 while villa prices slumped by 9 percent amid wide-scale downsizing in the emirate, according to Chestertons. The real estate agency’s Abu Dhabi Residential Market Q1 2017 report also said rents for apartments and villas fell by 3 percent in the same period. “Sales prices are expected to further decline due […]
28 April 2017 Beirut, April 27, 2017 US$ 43.9 billion of assets US$ 36.0 billion of customers’ deposits US$ 17.0 billion of loans to customers Advertisement US$ 3.8 billion of shareholders’ equity US$ 110 million of net profits in the first quarter of 2017, of which 23% from Odea Bank and 10% from Bank Audi Egypt, raising the contribution of entities abroad to consolidated net profits to […]
NEW YORK Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains. The Dow Jones Industrial Average .DJI fell 40.82 points, or 0.19 percent, to 20,940.51, the S&P 500 .SPX lost 4.58 points, or 0.19 percent, to 2,384.19 and the Nasdaq Composite […]
Sony posted its consolidated financial results for the fiscal year 2016 and the PlayStation 4 had a great performance, albeit the company expects a slight decline. In the fiscal year 2016 ended on March 31, 2017, Sony shipped a record-breaking 20 million PS4 consoles, marking the system’s best performance ever. 60 Million PS4 Units Shipped In Total That contributes to a total of 60 million PS4 units shipped worldwide, […]
Your daily guide to community and cultural activities across the Emirates for April 29, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini 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 screenings Register […]
After a dismal fourth quarter, it seems that Europe’s investment banks have got some of their swagger back. Switzerland’s UBS grew investment bank profits by more than 50 per cent in the first quarter, even though it is hard to imagine a recovery less well-suited to the Swiss bank which is short on the US exposure and the markets businesses that have driven the strong results of peers. Credit Suisse […]
Boarding completed, seatbelts are fastened and the aircraft is slowly rolling over the tarmac to the runway, almost ready for takeoff. But before the plane can leave the ground, all passengers are made aware of the safety features on board via video on screen. Safety videos are a necessary form of visual communication to ensure all passengers can follow procedures in case of an unlikely emergency. However, […]
The Government Accountability Institute, a conservative investigative research group run by conservative writer Peter Schweizer, received roughly $1.7 million. Schweizer is the author of “Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich.” Bannon helped found the group, which the Washington Post reported paid Bannon $376,000 over four years for serving on its board, even as he ran […]
WASHINGTON The U.S. Congress passed and sent to President Donald Trump legislation to pay for federal government operations through May 5 and avoid agency shutdowns that otherwise would have begun on Saturday. The Senate approved the one-week extension of funding that the House of Representatives approved earlier on Friday. The legislation gives Congress another week to craft a deal on how approximately $1 trillion will be spent […]
The US economy expanded at its weakest pace in three years during the opening months of the year, underlining the daunting task facing Donald Trump’s administration as it seeks to attain ambitious growth targets. Gross domestic product grew at a 0.7 per cent annual rate in the first three months of 2017, according to the Bureau of Economic Analysis, a sharp drop from 2.1 per cent at […]
Destination weddings are as popular as ever, with one in four of all affluent couples choosing to tie the knot abroad. From intimate barefoot ceremonies on a white sandy beach, to elaborate events in any imaginable location, destination weddings come in all shapes and sizes. However, some destinations are more convenient than others, because they’re easier to get to, require less red tape and offer a truly […]
New day, new leak. A US online pet store has exposed the details of more than 110,400 credit cards used to make purchases through its website, researchers have found. In a stunning show of poor security, the Austin, TX-based company FuturePets.com exposed its entire customer database, including names, postal and email addresses, phone numbers, credit card information, and plain-text passwords. Several customers that we reached out to […]
Sheikh Mubarak Al Sabah Hailed Industry Pioneer at Arabian Hotel Investment Conference April 28 2017, Dubai UAE: His Excellency Sheikh Mubarak A M Al Sabah, founder and chairman of Action Hotels has been acknowledged by the region’s hospitality sector after receiving the signature Industry Pioneer award presented by His Highness Sheikh Ahmed bin Saeed Al Maktoum at the Arabian Hotel Investment Conference (AHIC 2017) in Dubai (yesterday, […]
Dubai-based business tycoon Mohamed Alabbar is weighing buying in to venture capital firms in the Middle East to help kick start his $1 billion technology fund, according to people familiar with the matter. Representatives for Alabbar held talks with several regional companies, including Middle East Venture Partners and BECO Capital, about either buying them entirely, joining as a co-investor or making a significant investment in the firms, […]
By Lucia Mutikani | WASHINGTON WASHINGTON The U.S. economy likely hit a soft patch in the first quarter as an unseasonably warm winter and rising inflation weighed on consumer spending, in a potential setback to President Donald Trump’s promise to boost growth. Reduced business investment in inventories and government spending cuts also crimped gross domestic product growth. A Reuters survey of economists conducted last week forecast GDP […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. When Barack Obama was vacationing recently with Bruce Springsteen, Tom Hanks and Oprah Winfrey aboard a $300 million yacht in Tahiti, one wonders if he ever hummed Springsteen’s “All Or Nothin’ At All.” At the moment, it seems like he […]
Deutsche Bank said on Friday that it had appointed Citigroup treasurer James von Moltke as its new chief financial officer. Germany’s biggest lender has been looking for a new finance director since it announced last month that Marcus Schenck would take on a new dual role as co-head of the investment bank and joint deputy chief executive. Citi declined to comment on the news, which was first […]
