Instagram has revealed there are 63 million users in the MENA region, equivalent to ten percent of the social media platform’s global community. Worldwide, Instagram has 600 million people actively using the platform each month, with 400 of those logging in on a daily basis. Instagram Stories has also proven popular, with 150 million new posts each day. The latest figures highlight how people in MENA have […]
U.S. News & World Report Philippine Senator Urges Cabinet to Stop ‘Sociopathic Serial Killer’ DuterteU.S. News & World ReportPhilippine Senator Leila de Lima gestures during a news conference at the Senate headquarters in Pasay city, metro Manila, Philippines September 22, 2016. REUTERS/Romeo Ranoco Reuters. MANILA (Reuters) – A staunch critic of Philippine leader …President Duterte is a ‘sociopath serial killer’ unfit to lead, says senatorEagle RadioPhilippines’ Duterte a […]
ZDNet Google and Microsoft have pledged changes to their search engines which will make life harder for users seeking illegal, copyrighted material. Google, Microsoft, and the UK government have worked out their differences and reached a truce over the availability of pirated material online. While removing links to any website which claims to offer copyrighted material smacks of censorship, the tech giants have offered to sign up […]
Few business communities swing from boom to bust as reliably as Silicon Valley, but detecting shifts in this opaque world can be challenging. To help illuminate the field, Bloomberg created the U.S. Startups Barometer, a new weekly indicator that tracks the overall health of the business environment for private technology companies based in the U.S. So how ‘healthy’ is the American Venture Capital business? The short answer […]
Politics & Economics Chinese products have got highlights from the ongoing International Defense Exhibition and Conference (IDEX) that kicked off Sunday in Abu Dhabi, United Arab Emirates (UAE). Eight Chinese traders of military hardware are participating in this 13th edition of the five-day event, displaying planes, missile weapon systems, tanks, vessels, unmanned aerial vehicles (UAV), radar systems and other equipment in forms of weapon systems in kind […]
By Sumeet Chatterjee and Lawrence White | HONG KONG/LONDON HONG KONG/LONDON HSBC Holdings (HSBA.L) reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates as the British bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 percent after the company reported revenues fell by a fifth from 2015, underscoring the challenge […]
Telstra has confirmed that its enterprise voice and data outage across New South Wales was caused by a faulty piece of hardware. The outage affected only enterprise customers on Tuesday morning until 1pm AEDT, with consumer fixed-line and mobile services not impacted by the hours-long outage. Earlier this month, Telstra also experienced an outage across fixed-line and mobile services due to a fire at its Chatswood exchange […]
21 February 2017 Dubai – Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, announced today that it has partnered with Dubai-based Arqaam Capital, the specialist emerging markets investment bank, to provide U.S. investors with greater access to the Middle East and South Africa. Through its exclusive partnership with Arqaam Capital, […]
The second Global Mentoring Walk, held in celebration of International Women’s Day, will give women in the UAE a chance to discuss the opportunities and challenges of entrepreneurship in the region. The event – organised by Mompreneurs Middle East – will be held on March 11, 2017, from 7am to 11am at Dubai Polo and Equestrian Club, Arabian Ranches. The annual Global Mentoring Walk brings together established […]
By Drazen Jorgic | MALAM JABBA, Pakistan MALAM JABBA, Pakistan Atop the piste of Malam Jabba in Pakistan’s once dangerous Swat Valley skiers schuss downhill, a new Chinese-built chairlift ferries tourists to the peak, and a luxury hotel is under construction to replace one torched by the Taliban. The Taliban declared skiing “un-Islamic” during their 2007-2009 reign of terror over Swat, but improved security in recent years […]
By Michael O’Boyle and Ana Isabel Martinez | MEXICO CITY MEXICO CITY Mexico’s central bank faces difficult decisions as it balances a spike in inflation against an expected economic slowdown, Deputy Governor Alejandro Diaz de Leon said on Monday. “We are in an especially complex environment,” Diaz de Leon told Reuters in an interview. Diaz de Leon pointed to the heightened risk of inflation from a weak […]
Samsung’s standing in the United States plummeted by 42 places, a new reputation poll reveals. Considering how the whole Galaxy Note 7 fiasco — among other things — stirred up the tech world for both consumers and manufacturers alike, it shouldn’t come as much of a surprise that the South Korean brand is taking quite a hit regarding its position in the market. Samsung’s Reputation In The Eyes […]
The bad old days of golf courses being perceived as water-guzzling eyesores are being transformed as more and more clubs adopt sustainable practices that enhance biodiversity while conserving water to create a fairer way to play. Matthew Perry has no trowel in his hands as he tends to the turf at Dubai Creek golf course. There is no wheelbarrow or shovel – just an electronic device plunged […]
State-run Abu Dhabi National Oil Company (ADNOC) said on Sunday it had signed an agreement giving China National Petroleum Corporation (CNPC) an eight percent stake in a 40-year onshore oil concession. “CNPC contributed a sign up bonus of 6.5 billion dirhams ($1.8 billion) to enter the concession,” ADNOC said in a statement. The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO). […]
HONG KONG Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds. Political concerns have been at the front and center of investors’ minds over the past week or so, with markets wary about the outcome […]
The UAE Navy on Sunday signed a multi-million-dollar deal to buy US-based Raytheon Company’s rolling airframe missiles (RAMs) for protection of its ships. RAM Block 2 is a supersonic, lightweight, quick-reaction, fire-and-forget weapon that is designed to protect ships against anti-ship missiles, helicopters, aircraft and surface craft. The amount of the deal was not disclosed amount. Chris Davis, president of Raytheon International, UAE, said: “The UAE wants […]
When I heard that Donald Trump had branded journalists as “an enemy of the American people,” I had a flashback. It was early in the 1980s, and I was running one of Poynter’s first seminars on media ethics. One evening, with popcorn served, we had a showing of a movie, starring Steve McQueen, called “An Enemy of the People.” No wonder the line was familiar. The movie […]
The most successful artificial intelligence (AI) systems will be those comprising an emotional intelligence almost indistinguishable from human-to-human interaction, according to Bronwyn van der Merwe, group director at Fjord Australia and New Zealand — Accenture Interactive’s design and innovation arm. While the concept of AI is not new, in 2017 van der Merwe expects emotional intelligence to emerge as the driving force behind what she called the […]
By Lauren Hirsch and Greg Roumeliotis Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday. The deal, which will likely value Popeyes at more than $1.7 billion, is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce […]
Presidents Day 2017 is this Monday, Feb. 20, and many businesses and institutions are closed for the day. Schools, banks, post offices and more are not working today, but there are still plenty of businesses and services operating normally. Pictured here are the sculptured heads of the American presidents, from left to right, George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln, carved into Mount Rushmore, South […]
The UAE awarded 4.5 billion dirhams ($1.2 billion) in military procurement deals on Sunday, part of a total of 20 billion dirhams worth of purchases it expects to make at an arms fair this week, a spokesman for the expo said. The deals awarded to local and international companies on Sunday included a 2 billion dirham award to the UAE’s NIMR Automotive, part of Tawazun Holdings, for […]
Does Uber worship business performance at the expense of ethics? That question flared up again at the start of this week, after a former programmer complained about sexual harassment at the car-booking company — and a culture she claimed turned a blind eye to misbehaviour in order to protect high-performing employees. As the world’s most valuable private technology company, Uber is the most prominent start-up to emerge […]
Pre-results jitters put Pearson among Monday’s sharpest fallers. Ahead of its full-year figures due Friday, Pearson faded 3.9 per cent to 642.5p. Since a profit warning in late January, the textbook publisher had rallied as much as 17 per cent amid hopes of another round of cost-cutting. But Pearson has already spent £610m on restructuring since 2013, to net cumulative savings of just £586m even before reinvestment, […]
Travis Kalanick has it all worked out. Just ask him. He sees the future, and what it looks like is pretty different from what most people experience every day. Not surprisingly, it all starts with Uber. With a ride-sharing system, says the 40-year-old bachelor and CEO of the transportation company that has gained global notoriety, one car can be shared by 30 people. “The cost of that […]
