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Tunis and Dubai, March 9, 2017 – Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges. Ways to promote Islamic capital markets products and solutions will also be considered under the MoU, together with supporting potential links between central securities depositories in the respective jurisdictions. The […]

By Jonathan Stempel | NEW YORK NEW YORK Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt that was a major factor in the collapse of his company MF Global Holdings Ltd, and said the auditor of the futures and commodities brokerage should have flagged any accounting problems. Corzine, also a former New Jersey senator and Goldman Sachs Group Inc (GS.N) co-chairman, […]

The WikiLeaks-hosted “Vault7” collection of documents allegedly leaked from within the CIA’s Computer Operations Group is a messy mix of jargon, incomplete info, and broken (or redacted) links. The information is interesting, but it’s quite difficult to find a basic description of many of the terms used, even using the search function. So for everybody’s convenience I’ve gone through the whole pile of docs and listed as […]

Dutch paints and coatings maker Akzo Nobel has rejected an unsolicited €20.9bn takeover bid by US industrial chemicals rival PPG Industries and said it is instead looking at spinning off its specialty chemicals business. Akzo Nobel said on Thursday that the PPG bid substantially undervalued its prospects and it made a broader appeal to its stakeholders by saying the takeover was not in the interests of customers […]

Account takeover (ATO) is the downstream effect of a worrying rise in massive data breaches and phishing attacks. Criminals have easy access to billions of credentials, which they systematically test on sites and apps until they find a match. With 48 percent of online businesses experiencing a rise in ATO attempts in 2016, are you doing enough to prevent your users’ accounts from being hacked? ATO is […]

A melting pot of nationalities and a new entry visa system to attract professionals has propelled the UAE to the top of the list of the best countries to start a career and study aboard, according to a new survey. The US News and World Report survey, released this week, ranked the UAE 22nd out of 80 countries surveyed for the best countries in 2017. The country […]

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By Toby Sterling | AMSTERDAM AMSTERDAM Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc (PPG.N) on Thursday, saying instead it wanted to “unlock value” by spinning off its chemicals business. PPG’s unsolicited offer comes just days before an election where the vulnerability of the biggest Dutch companies to foreign takeover has […]

Businesses could very well soon be able to chat directly with customers in WhatsApp. According to Reuters, the Facebook-owned messaging app is reportedly testing out a version of its platform designed for businesses.  Not only would it allow businesses to communicate with its customers and vice-versa, but this premium chat feature could be a revenue source for the company. WhatsApp is currently free to download, with users […]

Heavy fog and poor visibility on Abu Dhabi-Dubai highway led to a 15-car collision on Thursday morning, resulting in major tailbacks on the expressway. “There is a collision of ten cars on the road towards Dubai from Abu Dhabi and it has led to huge traffic jam. There is heavy fog today,” a motorist on his way to Dubai said. Many accidents have been reported on Ras […]

Instagram's female entrepreneurs in Dubai Source link

By Jessica DiNapoli and Makiko Yamazaki | NEW YORK/TOKYO NEW YORK/TOKYO U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp (6502.T) is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. People familiar with the matter said the nuclear engineering company had brought in law firm Weil […]

Via Damiel Lang of SHTFPlan.com, Since the end of World War Two, the United States has established itself on every continent with hundreds of military bases, and has sent troops to foreign nations (both covertly and overtly) on so many occasions that it’s difficult to keep track of them all. And this doesn’t even take into account the nations that our government has quietly and successfully pressured […]

Cisco’s Jasper is making a big play into connected cars, a sector the company currently sees as its largest growth industry in the Internet of Things (IoT) space. According to Jasper MD for Cisco ANZ Tom Fisher, Cisco’s cloud-based IoT platform Jasper is now powering nearly every connected car in the world. “Our largest vertical is the connected car market,” Fisher told ZDNet. “Practically every single car […]

SEOUL The head of South Korea’s Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday, at the start of what the special prosecutor said could be the “trial of the century” amid a political scandal that has rocked the country. Lee has been charged with bribery, embezzlement and other offences in a corruption scandal that has already led to the impeachment […]

WhatsApp, the Facebook-owned messaging service used by more than 1 billion people worldwide, is testing a system that would let businesses talk directly to WhatsApp users for the first time, according to communications about the project seen by Reuters. The tests, which are being conducted with a handful of companies that are part of the Y Combinator startup incubator, are an important signal of how WhatsApp plans […]

TOKYO Support for Japanese Prime Minister Shinzo Abe has plunged after questions were raised in parliament about a murky land deal involving an elementary school to which his wife had ties, according to an online poll published on Wednesday. Abe has said neither he nor his wife, Akie, was involved in the deal for state-owned land purchased by Moritomo Gakuen, an educational body in the western city […]

By Adam Jourdan and Eric Walsh | SHANGHAI/WASHINGTON SHANGHAI/WASHINGTON China has granted preliminary approval for 38 trademarks linked to Donald Trump, documents on China’s state trademark office show, giving the U.S. President and his family protection were they to develop the “Trump” brand in the market. The trademarks – which in theory cover a wide sweep of businesses from hotels to mobile libraries and escorts – underline […]

|By Matein Khalid| Janet Yellen confirmed the Wall Street consensus that the Federal Reserve will raise its overnight borrowing (Fed Funds) rate at the March FOMC. Wage growth, inflation, crude oil, asset prices, economic data momentum and Trump’s fiscal stimulus all reinforce the dual mandate logic of a rate hike. Only a really awful February non-farm payroll shock (consensus is 200,000 jobs) will avert a rate hike […]

AIG is to set up a new base in Luxembourg after the UK leaves the EU as the likely loss of passporting rights post Brexit has forced the US insurer to look for an alternative location to London from which to service EU business. The choice of Luxembourg is a sign of a shift in attitudes in the insurance world. Immediately after the Brexit vote, there was […]

The Miami Herald shared a prestigious journalism award for its part in the Panama Papers investigation and was a finalist for its breaking news reporting on Jose Fernandez’s death. Read The Series: “The Secret Shell Game” The Scripps Howard Foundation awarded the Herald, along with parent company McClatchy and the International Consortium of Investigative Journalists, the 2016 William Brewster Styles Award for business/economics reporting. The Panama Papers […]

Dubai-based online portal ServiceMarket analysed customer data on its car insurance comparison portal. Using a sample of 7,000 clients that have used ServiceMarket in 2017 to receive car insurance quotations and buy policies online, the startup identified five interesting car and insurance trends in the UAE: 1. Women Emiratis drive the most expensive cars: When looking at average car values the data shows that Emirati drivers own […]

Sheikh Dr. Faleh bin Nasser Al-Thani: Qatar adopts agriculture plan to achieve self-sufficiency in agriculture production by 2030 Doha, Qatar, March 8, 2017  Under the patronage of H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior of Qatar is all set to host the fifth edition of Qatar International Agricultural Exhibition (Agriteq 2017) being organized Ministry of Municipality and Environment […]

Kakao has launched a wire transfer feature in its chat app that allows users to send funds to the bank accounts of others in group chats. KakaoTalk users can press “To Bank Account” on the Kakao Pay interface within the chat app and enter their password or fingerprint to activate the feature. Funds can also be sent to people who are not using KakaoTalk or Kakao Pay. […]

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