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Sundar Pichai, Senior Vice President for Products, delivers his keynote address during the Google I/O developers conference in San Francisco, California May 28, 2015. Reuters/Robert Galbraith/Files SAN FRANCISCO A low-key style and an unusually firm handle on diplomacy propelled new Google chief executive Sundar Pichai to the top of the search engine giant, former colleagues said, cementing his successes such as creating the Chrome browser. As part […]

SAN FRANCISCO Google Inc (GOOGL.O) announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars. The move appeared to be an attempt by the search engine giant to focus on its more creative and ambitious projects, while investors cheered the potential for more […]

UAE. July’s survey data signalled another increase in overall business activity across Dubai’s private sector economy, which marked five-and-a-half years of continuous expansion. However, growth momentum moderated to its weakest recorded since March 2012 amid softer contributions from all three key sub-sectors monitored by the survey. Private sector companies operating in Dubai are nonetheless still highly upbeat about their business activity prospects for the year ahead, according […]

Delta Air Lines Inc has scrapped a number of its flights to Dubai this winter in an apparent nod to how competition with three Gulf carriers is hurting its business. Delta, the second-largest U.S. passenger carrier, will fly nonstop to Dubai from its Atlanta hub between four and five times per week starting Oct. 1, down from daily service this summer. The airline revised its schedule on […]

UAE. Media outlets in the UAE and elsewhere have picked up on a variety of recent stories regarding the use of social media in the UAE.  These stories include one about an Australian expat being arrested, jailed and deported after posting a picture of a car taking up two disabled parking spots.  A similar story from earlier in the summer related to an appellate decision to overturn […]

Terry Gou, founder and chairman of Taiwan’s Foxconn Technology, gestures during a news conference in New Delhi, India, August 4, 2015. Reuters/Anindito Mukherjee MUMBAI Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc (AAPL.O), on Saturday signed a pact with Maharashtra to invest $5 billion over five years on a new electronics manufacturing facility. The announcement was made by Foxconn founder […]

People are silhouetted as they pose with mobile devices in front of a screen projected with a Samsung logo, in this picture illustration taken in Zenica October 29, 2014. Reuters/Dado Ruvic LAS VEGAS Google Inc (GOOGL.O) and Samsung Electronics Co (005930.KS) will release monthly security fixes for Android phones, a growing target for hackers, after the disclosure of a bug designed to attack the world’s most popular […]

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Seagate, a world leader in storage solutions, has unveiled a new custom 2TB game drive for Xbox, in a strategic relationship with Microsoft. This new external drive is designed to complement the Xbox colour scheme and is set up for an easy plug-and-play connection with an Xbox One or Xbox 360 gaming console.   “With all of the new and amazing titles expected for this holiday season […]

While excess capacity and price volatility are among the key challenges faced by the steel industry, digital is shaping the future of metals in a complex business environment, said the managing director of Accenture metals. John Lichtenstein shared his passion for steel and how the industry can address growth challenges in an interview published by Accenture, a multinational management consulting, technology services, and outsourcing company. What are […]

Government overreach is the primary culprit that keeps the Internet from being the free and open source of information and ideas that it could be, according to a leading computer crime defense attorney. Jennifer Granick, director of civil liberties at the Stanford Center for Internet and Society, addressed the subject of Internet freedom yesterday in her keynote address at the annual Black Hat computer security conference in […]

SAUDI ARABIA.  JLL, the world’s leading real estate investment and advisory firm, today has released its second quarter (Q2 2015) Jeddah Real Estate Overview report that assess the latest trends in the office, residential, retail and hotel sectors. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “In the second quarter, the Jeddah real estate market remained in the upturn stage of its cycle. […]

UAE. July data suggested that the UAE’s non-oil private sector regained some of the growth momentum that was lost at the end of the second quarter. Output and new orders both rose at sharper rates, contributing to a robust overall improvement in business conditions. Job creation was also sustained at a solid pace. On the price front, data highlighted divergent trends in July. The rate of cost […]

SAUDI ARABIA. Saudi Arabia’s non-oil private sector began the third quarter of 2015 on a positive note, with business conditions improving at the fastest pace in three months during July. Stronger growth of the sector as a whole was mainly driven by sharper expansions in both output and new orders, while purchasing activity also rose more quickly. However, data for employment bucked the general trend, as the […]

DUBAI // Innovation is the driver of progress, and governments and businesses that fail to innovate will go backwards, Sheikh Mohammed bin Rashid warned on Wednesday. The Vice President and Ruler of Dubai was launching National Innovation Week, which will take place from November 22 to 28. Sheikh Mohammed urged all public, private and academic entities to participate and called on the public to get involved through […]

DUBAI // An estate agent and property management company that went out of business last month was given a series of warnings and fines before regulators finally revoked its licence and ordered it to close. S&K, also known as Smith & Ken, continued operating for more than a month in defiance of the closure order. It eventually ceased trading on July 21 and filed for bankruptcy. More […]

RAS LAFFAN, Qatar — The temperature hovered around 100 degrees on the jetty here, where a set of pipes were connected to a giant red-hulled ship. But the moisture in the air froze on the pipes and flaked off, creating snowlike flurries on the early summer evening. The incongruous sight is common on the Qatari ship, the Al Rekayyat, which carries a frigid fuel known as liquefied […]

|By Matein Khalid| Every global recession since the OPEC oil shocks of 1973-74 was triggered by a contraction in the $17 trillion US economic colossus. The failure of Lehman Brothers, the meltdown in US subprime mortgages, the impotence of the implicit “Fed/Uncle Sam” put, the ice age in the commercial paper and interbank money markets all tipped the US economy into recession in late 2008 and triggered […]

Police secure the main entrance of the German Axel Springer publishing group headquarters in Berlin January 8, 2015. Reuters/Hannibal Hanschke/Files FRANKFURT After its failed bid to buy the Financial Times, Germany’s biggest news publisher Axel Springer will concentrate on digital expansion through small and medium-sized deals, the company said on Tuesday. Springer was outbid last month by Japan’s Nikkei in an attempt to buy the FT from […]

SAUDI ARABIA.  JLL, the world’s leading real estate investment and advisory firm, today released its second quarter (Q2 2015) Riyadh Real Estate Market Overview that asses the latest trends in the office, residential, retail and hotel sectors in Saudi Arabia’s largest city. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “there has been relatively little change in the real estate market in Riyadh […]

The developer Meydan has announced the launch of a new scheme known as Meydan One featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, a 25,000 sq metres indoor sports facility, the biggest dancing fountains in the world, a beach and a civic plaza capable of hosting up to 60,000 people. It is also to contain a 100-berth marina. And, a retractable […]

Billions of dollars of investment emanating from the GCC and Muslim jurisdictions are increasingly seeking Shariah compliant investment opportunities in key global real estate markets, said organisers of an upcoming real estate event in London. The International Real Estate Finance (IREF) Summit, a premier real estate event in the UK is scheduled to take place on December and 2 at The Jumeirah Carlton Tower in London. The […]

Emirates National Oil Co. increased its offer to buy Dragon Oil Plc to 800 pence ($12.50) a share, winning support from minority owners including billionaire Paul Singer’s Elliott Advisors U.K. Ltd. that rejected ENOC’s offer in June. Elliott and Baillie Gifford & Co., which hold a combined 13.1 stake in Dragon Oil, have accepted the new price, ENOC said in a statement. ENOC had offered to buy […]

TEHRAN — Despite the smiling clown, a symbol of the Great Satan’s love for meat, buns and fries, there were no angry mobs punching fists in the air, shouting “Death to America”; nor did the smell of burnt American flags permeate this Tehran neighborhood. It smelled of juicy burgers, flipped by a cheerful Iranian teenager named Jahan. His kitchen was crowned with a flashing logo that looked […]

|TAP Special| UAE finance company Dunia may be for sale and Dubai’s Majid Al Futtaim Holding is believed to be among the suitors. According to Bloomberg, MAF Holding and KKR & Co. are among companies weighing a bid for the Abu Dhabi consumer finance firm. MAF already has a personal finance business, which offers the Najm credit cards and other products. There could be good synergy between […]

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