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Dubai, United Arab Emirates- December 22, 2016-(ME NewsWire) Space Imaging Middle East (SIME) is pleased to announce that Crime Prediction- its latest predictive policing software- has been successfully launched by the Dubai Police force. The software, which is the first of its kind in the region, was developed in support of the UAE’s Smart Governance Initiative, and specifically designed to complement the Dubai Police force’s modernized approach […]

Tourism sector veteran Peter Cook, who played a key role in the development of Dubai and Oman’s travel industries, has been appointed as CEO of Atbahrain. Atbahrain, a wholly owned subsidiary of Bahrain Mumtalakat Holding Company, is focused on developing, managing and marketing Bahrain as a travel and tourism destination. Cook brings to Atbahrain more than 30 years of experience in the tourism industry including valuable knowledge […]

Wall Street treaded water in light pre-holiday trading on Friday, with the three major indexes on track to post weekly gains. The Dow Jones Industrial Average, which came within spitting distance of the historic 20,000 mark earlier this week, looked set to record its seventh straight weekly gains. “There’s really nothing to move the market one way or another,” said Mohannad Aama, managing director at Beam Capital […]

By Wa Lone and Simon Lewis | YANGON YANGON Before entering the courthouse in the capital of eastern Myanmar’s Shan State, Maw Maw Oo said it was ominous that several blue police vans were already waiting in the parking lot. “But I don’t want to guess what the court’s decision will be,” she told a Reuters reporter by phone. Hours later she was jailed for a month […]

Fotowatio Renewable Ventures (FRV), a developer of large-scale solar power plants and part of Saudi-based Abdul Latif Jameel Energy, has been awarded a 30-year 300MW solar project in Mexico. With this build-operate-own agreement, FRV said it is extending its global footprint into the Mexican market at a rate of $26.99/MWh for the first 15 years of the project. The construction of the plant will begin in mid-2018 […]

Experience a gastronomical culinary experience that has satisfied UAE audiences for nearly two decades 23 December 2016 Dubai, UAE: Award winning Indian Restaurant, Gazebo has opened five new outlets recently in Khalidiyah Mall Abu Dhabi, Al Twar and Business Bay, Al Shamkha Abu Dhabi and in Ajman. According to Irfan Gaya, Managing Director of Gazebo, the restaurant was initially set up to fill the gap in the […]

MOSCOW Russia’s economic contraction is slowing, capital flight is fading and real wages are starting to recover, President Vladimir Putin said on Friday. Speaking at an annual end-of-year news conference, Putin said the Russian economy was on track to contract by 0.5-0.6 percent this year, while inflation for the whole of 2016 was likely to reach 5.5 percent. Putin said the budget deficit was seen at 3.7 […]

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ABU DHABI // After going through a divorce and a custody battle for her children, Aysha Al Naqbi knows the trauma that marriage break-ups can cause. So, Ms Al Naqbi has decided to dedicate herself to helping other women going through similar experiences. “It can be tough being a divorced female,” says Ms Al Naqbi, 38, from Khor Fakkan. “You will get questioned a lot, ‘why you’re […]

How long ago it seems — that post-referendum panic in the UK stock market. The pound plunged and the crowd ran into “safe havens” in the form of government debt, ditching those risky, tricky shares. On July 13, this column pointed out the folly of this strategy. At that moment, buying and holding the UK government’s 10-year bond guaranteed an annual return of just 0.9 per cent. […]

RAK National Hotels, a subsidiary of RAK Hospitality Holding, and Hilton Worldwide have announced that Hilton’s first mid-market hotel in Ras Al Khaimah is scheduled to open by the second quarter of 2017. The announcement was confirmed ahead of the 2016 Ras Al Khaimah Finance and Investment Forum, which took place this week. Hilton Garden Inn Ras Al Khaimah is to be located on the site of […]

For 15 years, Chandran Nair led a top Asian environmental consultancy that was active in China. In 2006, he founded the Global Institute for Tomorrow, a Hong Kong think tank focused on a shift of global power from the West to Asia, at a time when China’s rise is changing the geopolitical balance. Mr. Nair, who was born in Malaysia to a large South Indian family, is the […]

Lately, cybersecurity has been the place where IT’s optimism goes to die. It’s been a tough road for companies and organizations the past few years as their network defenses have been bent and broken on a consistent, and often dramatic, basis. Hacks that topple over a billion user accounts are shocking and make a solution seem impossible. But IT is resilient despite on-going challenges in staffing, budgeting, […]

23 December 2016 The Roads and Transport Authority – Nashwan Attaa’ee: RTA’s Rail Agency has added six fare collection gates to the Business Bay Metro Station, thus raising the number of entry gates at the station from 4 to 10. The step has been taken in response to the growing footfall at the station, which is in line with the sustained growth in demand for the metro […]

Qatar is set to launch a new shopping festival in January, targeting regional visitors from the UAE, which forms the second largest source market for the country. Under the slogan A Brand New Tradition, the first edition of Shop Qatar will start on January 7 with discounts on popular brands, cash prizes worth up to QR4 million, a schedule of entertainment featuring Cats the Broadway musical, live […]

By Michael Shields and Arno Schuetze | ZURICH/FRANKFURT ZURICH/FRANKFURT Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe’s leading investment banks as they grapple with falling profits. The penalty puts them at a further disadvantage to larger U.S. rivals. Credit Suisse (CSGN.S) agreed in principle to pay […]

The US State Department has approved a possible foreign military sale to the Government of Kuwait of 218 tanks and related equipment, support, and training. The estimated cost of the sale is $1.7 billion, it said in a statement. It said the Government of Kuwait has requested the possible sale in support of its recapitalization of 218 M1A2 tanks, to include 240 .50 Cal M2A1 machine guns; […]

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. It could be a dinner akin to the disastrous ones in “Meet the Parents,” “Talladega Nights” and “Wedding Crashers.” Or maybe “American Beauty,” where newly unemployed Kevin Spacey turns to his wife (Annette Bening) and daughter (Thora Birch) and says […]

By Karen Freifeld and Arno Schuetze | NEW YORK/FRANKFURT NEW YORK/FRANKFURT Deutsche Bank (DBKGn.DE) has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank’s Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was […]

Photo An Airbus A321 featuring the Iranian flag at an Airbus plant in Hamburg, Germany, this week. The acquisition of modern planes is an important achievement for President Hassan Rouhani of Iran. Credit Fabian Bimmer/Reuters The European aircraft manufacturer Airbus completed a deal on Thursday to sell 100 jetliners to Iran, a move described by both sides as a major step toward revitalizing Iran’s aged commercial fleet […]

(Image: file photo) Earlier this year, we were sent a series of large, encrypted files purportedly belonging to a US police department as a result of a leak at a law firm, which was insecurely synchronizing its backup systems across the internet without a password. Among the files was a series of phone dumps created by the police department with specialist equipment, which was created by Cellebrite, […]

Europe’s Airbus signed a firm contract on Thursday to sell 100 jets to IranAir, completing a return by Western plane giants and paving the way for deliveries to start next month, a year after sanctions against Iran were lifted. The deal took weeks of shuttling between Airbus headquarters in Toulouse, France, and Tehran, complicated by a shortage of expert legal advice as Iran completes its biggest commercial […]

Constellation Research hopes you all have a great holiday season this year with friends and family. In the spirit of recognizing memorable achievements in the tech industry, we also want to use this occasion to announce the winners of Constellation’s first annual Enterprise Awards. The winners were selected through a combination of internal voting and heated debate among Constellation’s analyst team. Each category also includes a number […]

NEW YORK A New Jersey man groped a woman during a transcontinental flight and then apologised in a pair of notes in which he acknowledged his actions were “stupid,” U.S. authorities said on Thursday. Ganesh Parkar, 40, of Windsor appeared in federal court in Newark, New Jersey, on Thursday to face a charge of abusive sexual contact, one day after the overnight Air India flight from Mumbai […]

By David Shepardson | WASHINGTON WASHINGTON A federal judge said on Thursday that Volkswagen AG (VOWG_p.DE) has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker’s emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which is not included in a $1 billion […]

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