|By Saifur Rahman| Intex Technologies Ltd, an Indian technology accessories manufacturer with an annual turnover of US$1 billion, is investing INR 25 billion that will push its annual turnover ten-fold to US$10 billion in 5 years, a senior official told The Arabian Post. India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half.The total mobile services market revenue in […]
For the few who might not be familiar with the business, what’s the story behind Aldar? Aldar was founded just over a decade ago in 2005, and is now the leading real estate lifestyle developer in Abu Dhabi. Since we began, we have always pushed boundaries, resulting in some of Abu Dhabi’s most iconic real estate projects. Our business focuses on two main areas – real estate […]
Last summer Betsy O’Donovan, the incoming Executive Director of The Daily Tar Heel, wrote an essay on Medium charting the dire financial situation of UNC-Chapel Hill’s student newspaper. It started pretty bluntly: “The Daily Tar Heel is a news organization, and we don’t dodge the facts: This 123-year-old institution has two years to figure out its finances.” The Daily Tar Heel, like many news organizations these days, […]
On Friday night, the White House began releasing financial disclosures for scores of key employees — including familiar names such as Press Secretary Sean Spicer, Counselor to the President Kellyanne Conway and Chief Strategist Stephen K. Bannon. Reporters from dozens of news organizations, including the Associated Press, the New York Times, ProPublica and the Washington Post, then compiled and reported on the documents, which the White House released one-by-one. The Center for […]
By Ernest Scheyder | HOUSTON HOUSTON Nearly a century after Chevron Corp amassed the No. 2 stake in America’s largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company’s vast Permian Basin holdings. In an interview, Watson made clear his desire to put the West Texas to New Mexico expanse in the ranks of Chevron’s biggest ventures. That is a stark change from […]
Left to right: DTA interim CEO Nerida O’Loughlin, new DTA CEO Gavin Slater, and Assistant Minister for Cities and Digital Transformation Angus Taylor (Image: Digital Transformation Office) Former National Australia Bank (NAB) executive Gavin Slater has been appointed as the new CEO of the Australian government’s Digital Transformation Agency (DTA), Assistant Minister for Cities and Digital Transformation Angus Taylor announced on Wednesday. Slater held numerous roles in […]
Iceland’s finance minister has admitted it is untenable for the country to maintain its own freely floating currency, just days after it lifted capital controls imposed in the wake of its near financial collapse in 2008. Benedikt Johannesson told the Financial Times that the Nordic island of just 330,000 people would look at options to link Iceland’s krona to another currency, most likely the euro or pound. […]
Terrorism and declining oil prices affected the regional hospitality sector especially in Saudi Arabia, Turkey and Egypt, according to Mark Willis, Vice president Middle East and sub-Saharan Africa, Carlson Rezidor Hotel Group. Willis is however optimistic about the results of the Saudi economy during the first quarter of 2017 while stressing that the most difficult performance for their Radisson Blu hotels was in Turkey and Egypt. “We […]
President Rodrigo Duterte suffers his biggest drop in public trust, so far, based on the latest Pulse Asia survey Pia Ranada Published 11:34 AM, April 05, 2017 Updated 11:34 AM, April 05, 2017 MEASURING TRUST. President Rodrigo Duterte’s trust rating dips from December 2016 to March 2017, according to Pulse Asia. Malacañang photo MANILA, Philippines – While President Rodrigo Duterte continues to sustain his popularity among most […]
By Stephen Nellis | SAN FRANCISCO SAN FRANCISCO Apple Inc’s decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products – both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality. The strategy, analysts say, has already […]
The real estate sector in the emirate of Ras Al Khaimah expanded by 45 percent between 2011 and 2015, according to a study by the RAK Chamber of Commerce. The size of the sector increased from AED3.401 billion ($925 million) in 2011 to AED4.947 billion ($1.3 billion) in 2015, the study shows. Total annual growth of the real estate sector amounted to 15 percent per annum over […]
Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]
American tech workers are no doubt feeling vindicated, rejoicing at what they feel is a long-overdue, reversal of fortunes. You could not have a more ominous beginning to the beginning of the H-1B lottery than the events that transpired over the last few days. As ZDNet’s Stephanie Condon reports, on Friday last week, the US Citizenship and Immigration Services (USCIS) issued a memo that revamped an outdated, […]
It was an exposé made for the era of social media—and it’s still having an impact. A year ago this week, reporters at the International Consortium of Investigative Journalists and more than 100 news organizations around the world released their first stories linked to the Panama Papers—a leaked trove of more than 11 million records from Panama-based law firm Mossack Fonseca. The documents and thousands of published stories […]
Kuwait will increase its borrowing on international markets to plug a budget deficit resulting from low oil prices, the finance minister said on Tuesday. The move comes after the Gulf state raised $8 billion (7.5 billion euros) last month in its first international bond issue. “We will continue to be present in the international (debt) market but in a prudent, rational way,” Finance Minister Anas al-Saleh told […]
By Joseph White | DETROIT DETROIT General Motors Co (GM.N) on Tuesday unveiled a German-made Buick crossover wagon it plans to sell in the United States, and in so doing highlighted the U.S. auto industry’s vulnerability to shifting trade politics. The Buick Regal TourX, scheduled to launch later this year in the United States, is aimed at imported all-wheel drive vehicles such as those offered by Subaru […]
Fox News is facing fresh legal and financial challenges after a third employee joined a racial discrimination lawsuit while a dozen brands stopped advertising on Bill O’Reilly’s top-rated programme following new allegations of sexual harassment and verbal abuse. The allegations that the cable network knew of complaints from black employees two years ago and failed to investigate them, coupled with the news of advertisers distancing themselves from […]
Turnstyle also offers analytics tools that provide insights into customer behavior, such as visit frequency and duration. Reviews website Yelp said Tuesday that it has acquired Toronto-based Wi-Fi marketing analytics firm Turnstyle Analytics for approximately $20 million in cash. Turnstyle’s core product is essentially a digital marketing service that allows businesses to connect with their customers through a free Wi-Fi network. Customers must provide their email address […]
Dubai Police on Tuesday refuted media reports that it has arrested a group of foreign hackers that targeted five White House officials in an email blackmail scheme. The Arabic-language Al Bayan newspaper and the television channel Dubai One reported the arrests on Monday but Dubai Police said on Twitter: “#DubaiPolice refute allegations in faulty news article.” Al Bayan quoted Saud al-Khalidi of Dubai police as saying an […]
By Scott DiSavino | NEW YORK NEW YORK Oil prices on Tuesday rose to a near one-month high as expectations of a drawdown in U.S. crude and product inventories outweighed news of higher Libyan production. Brent LCOc1 futures were up 91 cents, or 1.7 percent, at $54.03 a barrel by 11:27 a.m. EDT (1527 GMT). That pushed the global benchmark over its 100-day moving average, into overbought […]
Microsoft’s Windows has long been the world’s most popular operating system, but not anymore. Windows is no longer on top. For the first time ever, Google’s Android mobile operating system has managed to trump Windows and become the world’s most popular OS. This further goes to prove how mobile has soared and in today’s mobile-driven world, Android rules the game. Android Dethrones Windows Web analytics firm StatCounter […]
Photo A Boeing 737 MAX at Boeing Field in Seattle in January 2016. The company wants to sell up to 60 airliners to Iran. Credit Jason Redmond/Reuters The Boeing Company announced a tentative agreement on Tuesday to sell up to 60 737s to an Iranian airline, a transaction valued at $6 billion that appears very likely to test the Trump administration’s avowed hostility toward Iran. Boeing, the […]
Ras Al Khaimah – April 4, 2017 Emirates Hospitals Group, a leading healthcare services provider in the UAE, has announced opening of its two world-class brands — Emirates Hospitals Clinics and CosmeSurge Clinics in Ras Al Khaimah aimed at addressing the gap of quality care for residents in the emirate. The two centers are located in Julphar Towers, opposite Manar Mall in Al Nakheel in the heart […]
South Africa’s rand tumbled in late trading on Monday after a rating agency cut the country’s coveted investment grade status, leaving President Jacob Zuma’s decision to fire his finance minister responsible for wiping out almost all the currency’s gains for the year. The rand slid to R13.7 against the dollar, taking its drop in the past five days to almost 9 per cent. Having recorded a gain […]
