Business We caught up with Alistair during an announcement that ASICS was looking to further expand in the region. According to him, “We are excited about replicating the success we have had in Europe, where we have more than doubled our business in the last five years, increasing our footprint in the Middle East, and building on existing relationships with key retail partners.” (Source: CEO Middle East […]
This weekend, New York Times Executive Editor Dean Baquet took a shot at his rival, Washington Post boss Marty Baron. During an interview at South by Southwest Sunday, an audience member asked Baquet what he thought of The Washington Post’s new slogan: “Democracy Dies in Darkness.” “‘I love our competition with The Washington Post,’ Baquet said. ‘I think it’s great. But I think their slogan — Marty […]
Senior Officials Attend Opening Ceremony at MENA Headquarters in Dubai Internet City DUBAI, United Arab Emirates – 14 March 2017 SAP SE today announced a five-year USD 200 million investment in the UAE, underpinning objectives outlined by the UAE Vision 2021 plan to create economic diversity and jobs for youth. Senior officials participated in the official ribbon-cutting VIP ceremony and inaugurated the new SAP MENA headquarters in […]
NEW YORK U.S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the U.S. northeast. The Dow Jones Industrial Average .DJI fell 43.76 points, or 0.21 percent, to 20,837.72, the S&P 500 .SPX lost 8.04 points, or 0.34 percent, to 2,365.43 and the Nasdaq Composite .IXIC dropped 18.97 points, or 0.32 percent, to […]
By Jonathan Allen and Scott Malone | NEW YORK/BOSTON NEW YORK/BOSTON A blizzard swept through the heavily populated northeastern United States on Tuesday, grounding thousands of flights, cancelling classes and pummelling those who ventured out onto snow-bound streets. Some 50 million people from Pennsylvania to Maine faced a “rapidly intensifying nor’easter” over the course of the day that was unusual for striking so late in the winter, […]
French explorer Gauthier Toulemonde has begun his journey through Oman’s deserts starting from Wilayat Adam, Al Dakhiliya governorate, where he will cross The Empty Quarter and Al Sharqiya Sands. Toulemonde said his journey will be covered through his social media accounts while he will also send postcards and letters through the mail to his friends around the world to share his experience in Oman. Having previously trekked […]
COPENHAGEN, March 14 Danish banks should significantly increase their focus on complying with rules to avoid money laundering and tax evasion, the Danish Financial Services Authority (FSA) said on Tuesday in a report in the wake of the so-called the Panama Papers. This was backed by the country’s business minister. “It’s unsatisfactory that a range of banks in clear violation of the law apparently have risked participating […]
LONDON/PARIS An activist hedge fund has said it objects to plans by Walt Disney (DIS.N) to take full control of debt-laden Paris theme park operator Euro Disney (EDLP.PA), according to a letter seen by Reuters. Paris-based CIAM, which owns 1.4 percent of Euro Disney shares, has written to the board of the French company to object to what it believes are plans by Walt Disney to force […]
Identity management company Okta has officially filed for an initial public offering, seeking to raise $100 million. The tech IPO scene has been rather sluggish in the past several years, but things are expected to pick up in 2017 and the recent Snap IPO breathed some much-needed new life into the space. Many believe that the Snap IPO opened the door to more tech IPOs and they might just […]
14 March, 2017 The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions to present to advisors and businesses on the progress of VAT and excise implementation. The first such session is aimed at the advisory community, followed by later sessions aimed at the general business community. Full details of the sessions can be […]
The head of the main film festival in Saudi Arabia, where cinemas are banned, wants the government to invest in the sector as part of its campaign to encourage entertainment. Ahmed AlMulla made the comments in an interview with AFP ahead of the fourth Saudi Film Festival, which runs from March 23-28 in the Gulf coastal city of Dhahran. This year’s festival is the first since the […]
“Why are you still a journalist?” was a heavy place to start this ongoing conversation, I know. But wherever you are in your career, think back to the people you started with. Are they still around? In 2000, a few weeks after graduating from college, I joined the Peace Corps. There’s no journalism program for Peace Corps volunteers. But I knew a few things at 22: Being unattached […]
When Strata + Hadoop World comes around in the US, once a year in New York and once a year, as it is now, in San Jose, CA, it’s a bit of a news feeding frenzy. I’m not even at the event; I was merely pre-briefed by four vendors, last week and yesterday, with announcements they’re making this morning. And still, it’s a lot. Cloudera told me […]
Sheikh Hamdan visited SAP in Dubai Media City Tuesday afternoon. Source link
WOLFSBURG, Germany Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said he is not ruling out talks with Fiat Chrysler (FCHA.MI) boss Sergio Marchionne about a possible merger. “I am not ruling out a conversation,” Mueller told reporters on Tuesday after the carmaker’s annual earnings press conference in Wolfsburg. Marchionne has long advocated car industry mergers to share the costs of making cleaner and more technologically advanced vehicles and […]
SEOUL A South Korean animal rights group has filed a complaint with police against former president Park Geun-hye for abandoning nine pet dogs in the presidential Blue House after being dismissed from office. The dogs are Jindos, a Korean breed of hunting dog known for their loyalty. Park left the Blue House presidential complex on Sunday, two days after the Constitutional Court dismissed her from office over […]
MANILA The Philippines went on the offensive on Tuesday to assert its sovereign rights over a fishing ground in the Pacific Ocean, stressing a need to protect it after a Chinese survey ship was monitored in the area last year. Manila has lodged a diplomatic protest with Beijing after a Chinese vessel was tracked moving back and forth over Benham Rise, a vast area east of the […]
Hackers can exploit the insecurity of IoT devices for the purposes of espionage or DDoS attacks Image: iStock Cyberattacks exploiting the insecurity of the Internet of Things and hackers increasingly attempting to compromise industrial connected devices represent some of the biggest threats to the UK, those responsible for ensuring national security have warned. Citing incidents including the internet crippling Mirai botnet cyberattack and vulnerabilities in a children’s […]
The Gulf’s healthcare industry is expected to receive the highest volume of investments in 2017 among non-oil sectors as GCC countries seek to further diversify their economies, according to a new survey. CFA Institute, the global association of investment professionals, said its annual Middle East Societies Market Sentiment survey also forecse an increase in hospitality and tourism investment. It said in a statement that in Saudi Arabia, […]
By Makiko Yamazaki and Taiga Uranaka | TOKYO TOKYO Japan’s Toshiba Corp failed to submit audited third-quarter earnings for a second time on Tuesday, gaining a one month extension as its expands a probe into problems at its U.S. nuclear unit Westinghouse. With its financial woes only deepening, Toshiba said it would speed up looking at whether to sell a majority of Westinghouse even as it sought […]
Mike Pride, the chairman of the Pulitzer Prizes, will retire in the summer after three years running the top journalism awards in the United States. Pride, who is 70, is returning to retirement after a career as a journalist and editor, most recently of the Concord Monitor, according to a press release from Columbia University, which administers the Pulitzer Prizes. “This job has restored my faith in […]
When Intel’s chief executive addressed shareholders at last month’s investor day, he insisted that the “traditional market view” of the company as a Silicon Valley stalwart making chips for PCs and servers was wrong. “The way we look at the world is a bit different,” Brian Krzanich said. “We are a data company.” Investors would soon discover just how differently Mr Krzanich was looking at Intel’s world. […]
Business Akram Assaf on founding Bayt.com, where he wants the company to go over the next five years, where good ideas come from within the company, and what he wanted to be when he grew up. We caught up with Akram at Scale-Up UAE by Endeavour, an event that brings together its network of entrepreneurs, mentors, partners and investors from the UAE, the Middle East and around […]
14 March 2017 Dubai, United Arab Emirates – The 10th edition of GESS Dubai begins today at the Dubai World Trade Centre, with over 10,000 education professionals from around the region expected to attend over the course of the three-day event. Organised by F&E Education, GESS Dubai is under held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of […]
