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Microsoft Ventures, Microsoft’s venture-funding group, has been adding more companies to its investment portfolio over the last couple of months. In May, Microsoft announced plans to create Microsoft Ventures, a small early-stage investment group targeting startups in the cloud, security and machine-learning markets. In October, Microsoft created a new site for its Ventures arm that listed 10 concerns in which it had invested to date. (At that […]

China’s state broadcaster CCTV, better known as a conduit for Beijing’s propaganda efforts, is growing an international network beaming soap operas and news to audiences as far afield as Africa, the Middle East and the US. China International Communications Co (CICC), the commercial arm of China Central TV, streams Chinese content from CCTV and provincial broadcasters to overseas Chinese audiences — and is now setting its sights […]

Hotels operating in the UAE continued to see declines in occupancy and room rates during October, according to the latest data from industry consultants STR. It said the UAE’s hospitality sector reported an occupancy dip of 2.9 percent during the month to 75.6 percent, while average daily rates (ADR) dropped 9.6 percent to AED668.05, the lowest for an October since 2005. As a result, revenue per available […]

Sennheiser’s new MB 660 UC wireless headset is a serious piece of kit in many respects. A chunky headset with large ear cups and a solid, no-nonsense headband, it’s designed to take a few knocks — both in the office and at home. When it needs to travel, the MB 660 UC sits in a tough, zippable carry case. The package will consume a fair amount of […]

By Arno Schuetze | FRANKFURT FRANKFURT Deutsche Bank’s Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, […]

DUBAI // A policeman who accepted Dh5,000 in return for helping a prisoner escape from his cell has been jailed for three years. The 27-year-old officer, who holds a Comoros Islands passport, was convicted of helping the Emirati escape from a police station after accepting the cash on October 14 last year. The prisoner, a 35-year-old businessman, was being held on charges of using a forged official […]

There is an old adage that trust takes years to build, seconds to break, and forever to repair. When it comes to the Internet and its users, the same holds true. For average Internet users, trust in the Internet has to be built. They have to gain confidence in the safety of their private information online. When a user’s private online information is made public, they lose […]

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Expo to support 1 billion people with disabilities worldwide, 50 million in the Middle East Region’s largest dedicated event for disabilities to showcase latest technologies, robotics and services 04 December 2016 After the resounding success of its inaugural edition, AccessAbilities Expo, the largest dedicated event for disabilities in the Middle East, is back with its second edition from November 7-9, 2017, at the Dubai International Convention […]

· Family businesses are threatened by rapidly changing internal and external environments · Study by Strategy& (formerly Booz & Company) stresses the need for family businesses to identify priority areas for action to institutionalize and adapt · Strategy& suggests three focus areas for institutionalization: governance, strategy and corporate enablers · Although each family business has unique features, Strategy& has identified four archetypes of family […]

India is an interesting country when it comes to Internet access.  On the one hand, India has the second most Internet subscribers in the world. There are over 450 million people online here. On the other hand, we also have the largest number of unconnected people. Only about 35 percent of our population is online, including more than 70 percent of women. Between 70 and 80 percent […]

Dubai-based Careem, the app based car booking service, has announced that it is expanding operations into 15 more cities within the next few weeks, with Istanbul, Turkey the latest city to be added.  Initially, Careem will operate as an airport service in Turkey, available to customers going to and from the airport, in Mercedes VITO and Volkswagen car models.  Within the GCC, Careem said it is answering […]

One of CES’ major trends over the last few years has been the connected car — the concept of adding Internet connectivity and networking to our vehicles. Stealing the spotlight this year was Nvidia, which launched the Drive PX 2 — an in-car artificial intelligence system. PX 2 is designed for automakers exploring autonomous driving and includes 360-degree situational awareness, deep learning and the processing power of […]

Despite the many innovative services in the digital age, conventional banking remains important to newly-established businesses; banking cannot yet be replaced by online financial services such as crowdfunding or PayPal, according to a recent study. The economic researchers investigated what role the traditional banks play for newly-founded companies within a highly-developed economy based on the unique example of the US cannabis industry. They found that both the […]

Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. The rise of “fake news” inspires the press to uncover its many practitioners worldwide, discern its economics and herald the alleged guilt-ridden soul-searching by its greatest enablers, Facebook and Google. But the media dances around another reality with the dexterity […]

SHANGHAI/BEIJING (Reuters) – China’s wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world’s luxury brands. Reuters

03 December 2016 The Roads and Transport Authority – Majdi Abu Zaid: The Roads and Transport Authority (RTA) in Dubai has recently signed two Memoranda of Understanding (MoU) with Khalifa University and the University of Dubai calling for stepping up cooperation in the field of robots and drones. The step is part of RTA endeavours to keep pace with the latest technological trends, share expertise with the academic […]

By Yun Hwan Chae and Nataly Pak | SEOUL SEOUL As protesters march through Gwanghwamun Square in downtown Seoul, the centre stage of huge weekly demonstrations calling for South Korean President Park Geun-hye to step down, nearby restaurants hustle to prepare for a busy night. Many bars and restaurants in the area, home to government offices and near the presidential Blue House, have been doing roaring business […]

Abu Dhabi Islamic Bank (ADIB) has announced that it has repaid in full a $500 million Islamic bond or sukuk from its own resources. The bank said in a statement carried by news agency WAM that the repayment reflected “its strong liquidity position amid difficult market conditions”. The sukuk matured on November 30. The five-year sukuk, which were listed on the London Stock Exchange, were more than […]

Every year, Brazilian venture capital firm Monashees takes entrepreneurs from its portfolio companies on an overseas discovery tour. This year, instead of Silicon Valley, the firm headed to the Yangtze Valley, in a clear sign of a new front opening for Chinese investment in Latin America. China is seeking to expand lending and investment in Brazil and elsewhere on the continent, as it shifts from its traditional […]

On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]

The UAE and Serbia have announced moves to increase trade links, with a focus on the tourism, agriculture, construction sectors. Ways of expanding economic relations and co-operation in key sectors were at the centre of talks held on Monday by officials from the two countries in Abu Dhabi, news agency WAM reported. Abdullah Al Saleh, Under-Secretary for Foreign Trade and Industry at the UAE Ministry of Economy, […]

The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday. The commission created by President Barack Obama earlier this year also recommended that the president and Congress accelerate the pace at which technology is updated in the federal sector and that the president appoint an ambassador […]

3D Face Contour Sculpting Heart & Soul, the wellness spa located at Al Barari in Dubai, has introduced the popular 3D Face Contour Sculpting by Forlle’d, which promises “astonishing” results. While each treatment delivers an instant lift, a course is recommended for increased collagen and elastin that can be seen for up to eight months. The treatment takes 90 minutes and costs Dh900. Call 04 320 7350 […]

03 December 2016 Gulf Navigation announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The eastern […]

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