UAE. Retailers in the UAE experience some of the best conditions in the world in which to operate in, benefitting from a strong quality of infrastructure and a robust economic environment, says Arcadis in its Retail Operation Index. The UAE ranks eighth place in the overall rankings and first place in the Middle East, while quality of transportation and ease of getting up-and-running is holding many other […]
A man looks at a smartphone at the Intel booth during the 2015 Computex exhibition at the TWTC Nangang exhibition hall in Taipei, Taiwan, June 2, 2015. Reuters/Pichi Chuang Intel Corp (INTC.O) reported better-than-expected quarterly results on Wednesday as growth in its data centres and Internet-of-Things businesses helped offset weak demand for personal computers that use the company’s chips. Shares of the world’s largest chipmaker, which also […]
|By TAP Staff| The UAE is taking the world’s most popular landmarks and attractions in Vegas, Orlando, London, Paris, New York and Ibiza to the next level for 2020. “Dubai is now considered as an international city on the same stage as New York, London, Paris and Tokyo, and is leading the development of the UAE leisure market together with Abu Dhabi,” said Phil Taylor, Director of Team Leisure LLC, previously Chief Executive of […]
UAE. KPMG’s third annual ‘Top of Mind’ consumer survey, in conjunction with the Consumer Goods Forum (CGF), has found that growth and top-line expansion, consumer trust and a sound omni-channel strategy are the top priorities for consumer company executives – both globally and in the UAE. KPMG and CGF surveyed close to 550 senior consumer, manufacturing and retail executives globally to gain insight into the economy, the […]
|By Matein Khalid| Last week was a roller coaster and the Nikkei Dow closed at 19,800. Abenomics has had a seismic impact on Japan’s economy, financial markets and banking system. The yen has fallen from 76 on the eve of the election in 2012 to 122 against the US dollar. Corporate profits have exploded. Land price rises, job growth, bonuses, capex and consumer spending have lifted Japan […]
|By K Raveendran| The Dubai property market, which has of late shown strong signs of weakening, may get support from a very unlikely source. Wealthy Chinese investors cashing out of the stock market carnage are said to be scouting for overseas property markets in leading cities to park their funds. Dubai might be one of them. Around 20 percent has been knocked off the value of Chinese […]
An updated version of Microsoft’s Power BI service will be released July 24, the company announced Friday. The goal of the updated service is to enable business users to benefit from business intelligence and analytics without requiring sophisticated help from analysts, data scientists, or other tech staff. The new set of business-intelligence tools will replace Microsoft’s current Power BI for Office 365 service. Also available on July […]
|By Matein Khald| During the 2008 post-Lehman financial meltdown, home prices in Dubai fell by 60-70 per cent and a generation of offplan flippers and leveraged investors/buyers (a mortgage, by definition, is a highly leveraged and speculative financial product. There is a reason the word “mortgage” derives from the French “mort” or death!) were wiped out. However, the Arab Spring, global liquidity and the successful debt restructuring […]
The White House is seen covered by snow in Washington February 21, 2015. Reuters/Yuri Gripas/Files WASHINGTON The federal government could find more cyber intrusions as it takes a close look at its sprawling and sometimes creaky systems in the wake of massive hacks, the nation’s chief information officer told Reuters. “I think it’s a realistic chance, and I think this is true no matter where you go. […]
UAE. Core Savills, the largest commercial lease transaction and one of the leading international real estate companies in the UAE, is optimistic on the outlook for the Dubai real estate market. Research released today by the firm has suggested declining apartment and villas prices in the emirate since the market peaked late last year will stabilize during 2016 and return to growth later in the year or […]
UAE. Private sector businesses in Dubai signalled further strong increases in business activity and new orders in June, though the rates of expansion moderated to 27- and 53-month lows, respectively. Despite softer increases in activity and new work, Dubai private sector companies were increasingly optimistic towards the year-ahead, with the degree of positive sentiment reaching a 19-month high. Furthermore, increased confidence towards the business outlook underpinned the […]
Mobile application developers will be able to test the quality of their apps through a new service — AWS Device Farm — unveiled by Amazon Web Services. The announcement was one of several made during the AWS Cloud Summit taking place Thursday at the Javits Convention Center in New York City. Other new developments announced during the event included Amazon API Gateway, a managed service designed to […]
If you read the news regularly, you read about data breaches and massive hacks just about every week. That can make you a little nervous about safeguarding your financial information. A new MasterCard survey reveals you are not alone. Seventy-seven percent of consumers are anxious about their personal and financial information being hacked. In fact, the fear of a hack is higher than the fear of compromised […]
|By Matein Khalid| De Gaulle dissed gold as a “barbarous relic” and Lenin sneered the yellow metal was fit only to “pave capitalist latrines”. So what? Gold has been an monetary metal in human history for centuries, back to the time of Pharonic Egypt, the Inca Empire, King Midas and the Spanish conquistadores of Mexico. While President Nixon removed the gold/dollar Bretton Woods linkage in 1971 and […]
Dubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a global drive to attract more listings while developing new channels to trade sukuk, the chief executive of Nasdaq Dubai said. “Demand for Islamic financial products still exceeds supply — there are very few financial products for which this is true,” said Hamed Ahmed Ali. The exchange is working on ways […]
ABU DHABI // The New York Times bestselling author Dan Buettner’s secrets to a long and healthy life transfixed the audience, which included members of the Royal Family, at the fifth Sheikh Mohammed bin Zayed Ramadan Majlis on Wednesday night. Buettner provided some surprising revelations in his tips on how to live a grand life to the age of 100 in his talk Blue Zones: Secrets of […]
Privacy Group Asks FTC To Push Google on U.S. ‘Right To Be Forgotten’ The failure of Google to offer users in the U.S. the same “right to be forgotten” protection available in Europe violates U.S. law on unfair and deceptive trade practices, according to the advocacy group Consumer Watchdog. The organization on Tuesday submitted a complaint to the Federal Trade Commission (FTC) asking the agency to “investigate […]
China’s biggest stock-market rout since 1992 has done nothing to erode the bullish outlook of Goldman Sachs Group Inc. Kinger Lau, the bank’s China strategist in Hong Kong, predicts the large-cap CSI 300 Index will rally 27 percent over the next 12 months as government support measures boost investor confidence and monetary easing spurs economic growth. Leveraged positions aren’t big enough to trigger a market collapse, Lau […]
An unmanned SpaceX Falcon 9 rocket explodes after liftoff from Cape Canaveral, Florida, June 28, 2015. Reuters/Mike Brown/Files CAPE CANAVERAL, Fla SpaceX is still homing in on why its Falcon 9 rocket exploded after liftoff last week, unable to resolve conflicting data radioed back to the ground before the explosion, CEO Elon Musk said on Tuesday. “It’s a huge blow to SpaceX. We take these missions incredibly […]
UAE. Non-oil private sector firms in the UAE reported the weakest improvement in business conditions since August 2013 during June. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace. Meanwhile, inflationary pressures from both input costs and output charges were negligible. The survey, sponsored by Emirates NBD and produced by […]
Metallic seals like this one have long been used to prevent unauthorized access to nuclear equipment. New electronic and fiber-optic seals beam back confirmation that they remain intact. By DAVID E. SANGER and WILLIAM J. BROAD July 6, 2015 VIENNA — On the outskirts of this graceful city, the Iran Task Force of the International Atomic Energy Agency is preparing to move quickly if American and Iranian negotiators here manage to cut a […]
Metallic seals like this one have long been used to prevent unauthorized access to nuclear equipment. New electronic and fiber-optic seals beam back confirmation that they remain intact. By DAVID E. SANGER and WILLIAM J. BROAD July 6, 2015 VIENNA — On the outskirts of this graceful city, the Iran Task Force of the International Atomic Energy Agency is preparing to move quickly if American and Iranian negotiators here manage to cut a […]
A ball boy holds a ball on Court 18 at the Wimbledon Tennis Championships in London, July 3, 2015. Reuters/Henry Browne Deep in the bowels of the All England Club, an army of employees from one of the world’s technology giants are teaching a computer named Watson to master tennis. Seven-times Wimbledon champion Roger Federer can relax though. A silicon-chipped cyborg is not about to wreak havoc […]
INTERNATIONAL. Greece’s seeming hour-by-hour descent into chaos at the end of the second quarter has fashioned an intensely uncertain framework casting markets at the mercy of headline risk. It is with that ever-changing caveat that Saxo Bank publishes its Q3 Outlook ahead of the Greek referendum on EU membership which, as things stand, will take place July 5. The outlook for Q3, therefore hangs in the balance, […]
