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Big Blue is teaming up with cloud communication platform Twilio to introduce two new offerings, IBM Watson Message Sentiment and IBM Watson Message Insights. Twilio, which functions as a communication tool for developers and businesses, will make both offerings available as add-ons through its recently announced marketplace, according to IBM. Developers who currently access Watson technology via Bluemix, IBM’s cloud platform, can also use the two new […]

MUMBAI India’s biggest conglomerate Tata Group launched an ecommerce venture on Friday, as it seeks to cash in on rising purchasing power in a market dominated by deep-pocketed international retailers and startups backed by global tech investors. The group said it developed its Tata Cliq website over a year and a half at a cost of “several hundred million dollars” to be a marketplace for inhouse and […]

UAE. Brent crude pushed above key psychological level to trade above $50 for the first time since November 2015. The 85% rally since Brent hit a 12-years low in Jan was supported by multiple factors, mainly oil disruption from major exporters and production cut back by U.S. shale. Meanwhile the double than expected drop in U.S. inventories supported bulls to keep holding their long positions. According to […]

SAUDI ARABIA. The recent Ministerial Resolution on the Saudisation of the sale and repair of mobile phones, together with the earlier resolutions on the retail of female clothing, indicate a growing approach by the Ministry of Labour to require the complete Saudisation of certain activities within the retail sector. In this article we examine the existing requirements and also the proposal for a weighted Nitiqat. Sale and […]

INTERNATIONAL. Inadequate data on workforce mobility is placing firms under increasing pressure as they struggle to deploy global human resource strategies, contain costs and comply with the demands of cross-border regulatory obligations. This is according to EY’s 2015-16 Global Mobility Effectiveness Survey, which provides insights from more than 200 professionals across 35 jurisdictions and 13 industry sectors. The report finds that poor data capture and poor analytics […]

Online payment service PayPal is abandoning the apps that it created for Microsoft Windows Phone, BlackBerry and Amazon Fire OS. The company announced the move this week on its blog. The news paves the way for PayPal to steer users toward the latest versions of its app for Apple’s IOS and Google’s Android. Those two platforms have come to dominate the mobile payment space. The last day […]

SHIRAZ, Iran — For centuries, Iran’s famed carpets have been produced by hand along the nomad trail in this region of high plains around the ancient city of Shiraz. Sheep grazed in high mountain pastures and shorn only once a year produce a thick, long wool ideal for the tough thread used in carpet making. But high-quality production of hand-woven carpets is no longer sustainable on the […]

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An Apple store is seen in Los Angeles, California, United States, April 22, 2016. Reuters/Lucy Nicholson/Files SAN FRANCISCO Apple Inc is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, according to people familiar with the matter and a review of LinkedIn profiles. For more than a year, Silicon Valley has been buzzing about Apple’s plan to […]

DUBAI // Parents are struggling to pay for their children’s education, with employers cutting or doing away with allowances as school fees rise along with the wider cost of living. And there are fears that cutting those allowances will make it harder to attract the best and brightest from overseas to work here, at a cost to the economy. “This year in Abu Dhabi there will be […]

Tech giant Microsoft said today that it has awarded grants to entrepreneurs who want to expand Internet access across the world, especially in less prosperous areas that lack affordable access. The company’s Affordable Access Initiative awards grants to startup companies that are developing new technologies to improve Internet access to communities. The goal of the initiative is to “democratize access to the Internet through grants, commercial partnerships, […]

By PATRICK SCOTT May 23, 2016 LUXOR, Egypt — After five and a half years of misery, the people in Egypt’s depressed tourism industry had reason for a bit of hope. The United Nations World Tourism Organization on May 11 chose Luxor to host two of its major gatherings later this year, potentially drawing 400 to 600 people and plenty of attention to this ancient city along the Nile […]

SAN FRANCISCO When Google introduced its Google Glass smart glasses four years ago, it turned to Glass-sporting sky divers buzzing a San Francisco convention center, Glass-adorned models at a glitzy fashion show and a Twitter campaign to notify early “Glass Explorers” of their luck in snagging a pair. This year, when Microsoft showed off an early edition of its HoloLens augmented-reality goggles, it took the opposite approach: […]

Reuters journalist Paul Ingrassia sits in the drivers seat of a Tesla S-Type in Autopilot mode in San Francisco, California, U.S., April 7, 2016. Reuters/Alexandria Sage/Files DETROIT U.S. consumers still resist the notion of self-driving cars, according to a University of Michigan study released on Monday, the latest sign that investors and automakers may be rushing into a business where demand is limited at best. General Motors […]

UAE. According to EY’s latest Global Fraud Survey, Corporate misconduct – individual consequences, only 29% of executives in the Middle East recognize cybercrime risk, compared to 47% globally. T he survey found that many respondents maintain the view that fraudulent activity is not their problem, despite recognizing the prevalence of the issue in their own countries. Michael Adlem, EY’s MENA Fraud Investigation & Dispute Services (FIDS) Leader, […]

UAE. Cyber-crime is not a new phenomenon, but it’s hitting the headlines as never before. According to PwC Middle East’s latest report, there is a renewed willingness among organizations to invest in security, with many organizations incorporating strategic initiatives to improve security and reduce risks. PwC Middle East’s Global State of Information Security survey 2016 looks at how the survey results from over 300 Middle East companies […]

INTERNATIONAL. Global inclusion in the internet could bring seven percent of the world’s population – 500 million people – above absolute poverty levels, and add US$6.7 trillion (£4.6 trillion) to global economic output, according to a new study by Strategy&, PwC’s strategy consulting business. The study, for Facebook, encompassed 120 countries over a 10-year period and examines how barriers to accessing the internet could be removed, and […]

By DECLAN WALSH May 22, 2016 CAIRO — Egypt has deployed a submersible to help find the wreckage of EgyptAir Flight 804 in the deep Mediterranean waters where it crashed, President Abdel Fattah el-Sisi said Sunday, as he warned that it might take a “long time” before the cause of the crash was determined. An international flotilla of search ships, aided by surveillance planes, was scouring a section of […]

By DECLAN WALSH, NOUR YOUSSEF and KAREEM FAHIM May 21, 2016 CAIRO — In an eerie coincidence, the EgyptAir jetliner that plunged into the Mediterranean on Thursday was once the target of political vandals who wrote in Arabic on its underside, “We will bring this plane down.” Three EgyptAir security officials said the threatening graffiti, which appeared about two years ago, had been the work of aviation workers at Cairo Airport. Playing […]

NEW DELHI/MUMBAI Apple Inc chief Tim Cook met Prime Minister Narendra Modi on Saturday, concluding a four-day trip to India that could set the stage for Apple’s expansion plans in one of the world’s fastest growing smartphone markets. Modi and Cook met for an hour in central Delhi and discussed Apple’s plans for its India business, including the possibility of manufacturing and retailing in the country. Apple […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo LONDON/CHICAGO Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over 10 days, Wells approved a total of at least 12 […]

To help Skype continue making inroads into the enterprise, Microsoft has launched Skype for Business SDK (software developer kit). The new product is a set of tools that lets iOS and Android developers integrate Skype’s messaging, audio and voice capabilities into their mobile applications. The goal of Microsoft’s Skype for Business SDK is to allow Skype to power the communications experience inside applications, so developers can focus […]

In the latest update to its mobile mail app, Yahoo has introduced several new features aimed at making navigation and information-sharing easier on iOS and Android mobile devices. Unveiled Tuesday, the latest version of the Yahoo Mail app for iPhones and other Apple devices (shown above) includes a preview function for links, new support for stationery, and a quick-sharing button for content on mobile devices. For Android, […]

Despite the plethora of graphic design tools available to organizations, creating good visual content is often a labor-intensive process requiring many hours of work by highly trained professionals. A new suite of software by Adobe, however, is hoping to change that. The platform, called Adobe Spark, is designed to help non-professional designers create their own visual content. Besides being a fun tool for students and individuals, the […]

|By Matein Khalid| If ever there was a year to win or lose money big time in emerging markets, 2016 was it. As an investor in the world’s dark alleys (the Third World rebranded as EM!), I am forced to dissect geopolitical, government/monetary policy, foreign exchange, flows, positioning and current account, volatility and credit cycle trends across emerging markets to develop money making strategies. It helps that I […]

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