DUBAI, 4 days ago Wasl Asset Management Group has signed a ‘cloud for customer’ agreement with SAP, the largest of its kind in the enterprise software market company’s UAE history. The real estate development and management organisation will be deploying SAP’s latest cloud solutions to transform its business and provide an even higher standard of service for its customers, said the statement. Hesham Al Qassim, chief executive […]
The tide may be turning in the retreat of the U.S. oil explorers. Rigs targeting oil fell by 33 to 986, the smallest decline since Jan. 2, Baker Hughes Inc. said on its website Friday. Energy rigs in the Permian Basin shale region dropped by seven to 355 after dropping by as much as 49 earlier in the month. The Eagle Ford in Texas lost three rigs. […]
DUBAI, 2 days ago STME, a leading IT solutions provider, has upgraded the infrastructure and software requirements of Dubai-based wasl properties, a UAE semi-government property development entity, by adopting an efficient storage reclamation approach. “We understand that organisations today are struggling to accommodate growing volumes of data on a limited, if not declining, budget,” said Ayman Al Bayaa, CEO of STME. “However, by using a more […]
After an extensive and sometimes contentious public and politcal debate, the Federal Communications Commission (FCC) voted February 26, with a 3 to 2 split along party lines, in favor of new regulations intended to preserve Net neutrality. The vote is seen as a win both for the Obama administration and a large Net roots activist campaign that has been pushing for this outcome for several years. Under […]
Emaar Properties PJSC, Dubai’s largest publicly-traded real estate developer, plans to sell shares in its hotels unit in the second half and hired Rothschild as an adviser, three people with knowledge of the matter said. The offering is planned for later in the year because of conditions on the Dubai Financial Market, two of the people said, asking not to be identified as the information is private. […]
Ooredoo to showcase next-gen smart solutions DOHA, 5 hours, 28 minutes ago Ooredoo is set to showcase a range of ‘smart’ technologies at this year’s GSMA Mobile World Congress, as the company continues to develop new life-enhancing services to serve customers across its footprint. The theme of this year’s congress, which will run from March 2 to 5 in Barcelona, Spain, is ‘The Edge of Innovation,’ and […]
DUBAI, 8 hours, 45 minutes ago Software AG, a leader in enterprise management software, has appointed Rami Kichli as its new vice-president for the firm’s UAE division. Kichli will expand the company’s Middle Eastern business and reinforce the company’s position as the leading provider of digital business platform solutions through product innovation, strategic acquisitions, and a strong customer focus, said a company statement. The new vice president […]
HSBC Holdings, struggling to contain a scandal over tax evasion at its private bank, reported lower-than-predicted fourth-quarter profit as costs and conduct provisions rose. The shares slumped the most since 2011. Pretax profit dropped 56 percent to $1.7 billion from the year-earlier period, London-based HSBC said in a statement on Monday. That missed the $3.7 billion average estimate of five analysts surveyed by Bloomberg. Full-year profit fell […]
Apple is reported to be planning a public beta for iOS, starting with iOS 8.3 next month. According to 9to5Mac, this first-ever beta program is aimed at reducing bugs in new versions of its operating system. Beta testers for iOS 8.3 will be drawn from the company’s invitation-only AppleSeed program, 9to5Mac reports. Apple reportedly also plans a public beta release for iOS 9 sometime this summer. By […]
As it gets under way at the MGM Grand & Mandalay Bay in Las Vegas, IBM’s InterConnect 2015 corporate convention will touch on cloud, mobile, DevOps, security, asset management, Internet of Things, application integration, and smarter processes. But a main area of focus is expected to be hybrid cloud technology, which gives IBM’s individual businesses a chance to discuss and demonstrate how they can better leverage each […]
|By A. Gary Shilling| At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20. Here’s why. U.S. economic growth has averaged 2.3 percent a year since the recovery started in mid-2009. That’s about half the rate you might expect in a rebound from the […]
Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said. The timeframe — automakers typically spend five to seven years developing a car — underscores the project’s aggressive goals and could set the stage for a battle for customers with Tesla Motors Inc. and General […]
The Iranian oil ministry won’t be able to pay staff or invest in boosting production if parliament proceeds with a plan to slash funding, according to Oil Minister Bijan Namdar Zanganeh. “The oil industry’s situation is deplorable,” Zanganeh said in comments reported by the state-run Islamic Republic News Agency. A draft bill reviewed by parliament Monday would cut the ministry’s budget to $3 billion in the Iranian […]
Don’t store that stuff on your desktop. Instead, make this your “sketchy stick.” Toshiba’s Encrypted USB Flash Drive offers PIN activated secure access with its convenient onboard keypad. The device supports Admin and User independent PINs & delivers military grade, AES 256-bit CBC hardware encryption to protect your important data. Recommended article: Chomsky: We Are All – Fill in the Blank.This entry passed through the Full-Text RSS […]
Dubai Investments PJSC, the company with interests in real estate and manufacturing, will buy a 60 percent stake in investment bank Al Mal Capital PSC as part of a plan to boost financial services assets. The company will pay about 150 million dirhams ($41 million) for the stake and expects to complete the purchase by March 15, Chief Executive Officer Khalid Jassim Kalban said in a phone […]
|By Florence Tan and Henning Gloystein|Even as Saudi Arabia and its Gulf OPEC allies appear united in their refusal to cut output to boost global oil prices, they are becoming locked in an increasingly fierce battle to secure market share in Asia. Oil prices have slumped below $50 a barrel, the weakest since 2009, triggering a price war between producers to secure customers in Asia. And the […]
By Aditi Shah NEW DELHI Mon Jan 12, 2015 1:38pm IST Labourers work at a construction site of a high-rise residential building in central Mumbai August 25, 2014. Credit: Reuters/Danish Siddiqui/Files NEW DELHI (Reuters) – Indian businessman Navin Bhartia’s Internet habits make him a dream customer for billionaire foreign media moguls like Rupert Murdoch. The 45-year-old from Kolkata likes to buy homes online, sometimes without visiting them. […]
When it comes to wearables, the headlines often seem dominated by smart watches and fitness-tracking bracelets. However, as the Consumer Electronics Show wraps up in Las Vegas on Friday one thing is clear — there’s a lot more to wearables than just bangles and timepieces. Among the wearable Innovation Award winners at this year’s CES were a heart-rate-monitoring strip that sticks to a user’s torso; a sensor-embedded […]
Oil extended losses below $48 a barrel amid speculation that U.S. inventories will expand, deepening a global supply glut that’s driven prices to a five-year low. Futures declined for a fourth day. Stockpiles in the world’s biggest oil-consuming country probably rose by 700,000 barrels last week, a Bloomberg News survey showed before a government report tomorrow. Oil slumped almost 50 percent in 2014, the most since the […]
INTERNATIONA. Oil fell in 2014 by the most since the 2008 global financial crisis as U.S. producers and the Organization of Petroleum Exporting Countries ceded no ground in their battle for market share amid a supply glut. The U.S. benchmark ended at a five-year low yesterday, capping a 46 percent drop in 2014, as stockpiles of crude oil and gasoline reached seasonal record highs and as OPEC […]
Reporting about widespread government surveillance of ordinary citizens helped win the Guardian and the Washington Post a Pulitzer Prize in 2014. But many ordinary citizens themselves have offered a “Ho-hum everybody does it” response to the spying revelations made by former National Security Agency contractor Edward Snowden. The lackadaisical public reaction does not bode well for the future of privacy. And that’s the same conclusion that the […]
FBI Probes Revenge Hacks by U.S. Banks U.S. banks that were attacked by Iran-based hackers in late 2012 reportedly considered hacking the Iranians in response, according to Bloomberg News. That would-be retaliation has apparently gotten the attention of the U.S. Federal Bureau of Investigations (FBI), which is now looking into the banks’ actions, Bloomberg reported. The FBI is “looking into whether hackers working on behalf of any […]
It was a bit less spectacular and a lot less glamorous than most Hollywood disaster movies. But the recent mega-breach at Sony Pictures Entertainment had more than its share of drama and improvisation. Numerous media outlets this week published behind-the-scenes looks at how the crisis, one of the worst cyberattacks on an American company, was handled internally. Among other unusual steps, studio CEO Michael Lynton communicated with […]
India’s long-held position as the world’s top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in trading hubs of Antwerp, Tel Aviv and Dubai for its supply of rough diamonds, which mainly come from Russia or Africa. […]
