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 […]
Reuters/Regis Duvignau/Illustration SAN FRANCISCO Facebook Inc (FB.O) said on Monday that it had changed some of the procedures for its “Trending Topics” section after a news report alleging it suppressed conservative news prompted a U.S. Congressional demand for more transparency. The company said an internal probe showed no evidence of political bias in the selection of news stories for Trending Topics, a feature that is […]
|By Arabian Post Staff| Emirates Islamic announced the successful closure of its US$ 750 million 5-year Sukuk from its US$ 2.5 billion Certificate Issuance Programme. The issue, which will be listed on NASDAQ Dubai and the Irish Stock Exchange, received overwhelming investor interest from across the globe and marked the Bank’s return to the international debt capital markets after a period of four years. In September 2015, […]
A long-standing lawsuit that claims Google’s Android operating system infringes on Oracle’s Java copyright is heading to a jury today for a final decision. Previous court decisions have ruled in Google’s favor, but were partially reversed two years ago by the U.S. Court of Appeals for the Federal Circuit. The complaint, which centers on whether Google’s use of some Java application programming interfaces (APIs) in Android constitutes […]
Big Blue has announced that it is now offering the Nvidia Tesla M60 GPU accelerator to enterprise clients in the cloud. IBM said it is the first company to do so, giving companies of all sizes easier and more affordable access to virtual desktop applications without having to skimp on performance. The Tesla M60 (pictured above) is the latest in a line of Nvidia GPUs available through […]
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 […]
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo BRUSSELS – EU state aid regulators aim to rule on Amazon’s tax deal with Luxembourg by July, two people familiar with the matter said on Thursday, and it may order the country’s tax authorities to recover about 400 million euros ($448 million) in back taxes. 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 […]
Ministry has been also taking steps to intervene in the market on time so that consumers are not affected by price rise New Delhi: Keen to prevent a repetition of last year’s skyrocketing prices of onions and pulses, the union Food and Consumer Affairs Ministry is taking steps to prepare timely import plans and also set up buffer stocks of these items, official sources said here on […]
German tech giant SAP said that it will be expanding the enterprise offerings available on its HANA Cloud Platform for Internet of Things (IoT). Making the announcement at the IoT World 2016 conference being held in Santa Clara, Calif., this week, SAP said the new offerings will be focused on helping enterprises provide new customer outcomes. “SAP is helping customers map their journeys through digital transformation, and […]
INTERNATIONAL. /PRNewswire/ — The CFO has never been held more accountable for the company’s success, and the ability of finance teams to extract value from company data is the key to delivering on the chief executive’s expectations. Oracle’s study, Modern Finance: Driving Transformation from Within, found that closer alignment between the CFO and CIO is crucial if finance leaders are to effectively help the business achieve its […]
UAE. The Middle East and North Africa (MENA) region witnessed only two IPOs raising US$615.0m in Q1 2016, representing another quarter with limited IPO activity, according to EY. Capital raised through MENA firms in Q1 2016 increased by 141%, while the number of IPOs were consistent (2 IPOs), compared with Q1 2015. Phil Gandier, MENA Transactions Leader, EY, says: “Q1 2016 witnessed limited IPO activity, in line […]
Microsoft unveiled a new insider preview build for Windows 10 yesterday. The new version, titled Windows 10 Insider Preview Build 14342, includes the much-anticipated updates for extensions support for the Edge browser, along with real-time Web notifications and the ability to navigate using swipe gestures. The new build also contains a slew of fixes for known issues such as problems with DRM-protected content, bugs causing audio content […]
Taxi drivers protest against transportation network companies such as Uber and Lyft along with Assembly Bill 2293 at the State Capitol in Sacramento, California, June 25, 2014. Reuters/Max Whittaker/Files AUSTIN, Texas On-demand ride companies Uber and Lyft suffered an embarrassing defeat in a Saturday election in Austin as voters backed a measure requiring fingerprint background checks for drivers. The two companies spent more than $8 […]
In its ongoing effort to pursue enterprise markets, Apple announced yesterday that it is teaming up with SAP to develop iPhone and iPad apps for business users. As part of that partnership, the companies also plan to release a new software development kit (SDK) and launch a training academy to promote the building of native iOS apps for enterprises. Apple launched a similar partnership with IBM in […]
|By Matein Khalid| Habib Bank Ltd is one of the Pakistan’s oldest, biggest retail/corporate banks, privatized last year with a 51% controlling stake held by the Aga Khan Fund for Economic Development. Its recent price fall from 240 to 172 rupees (PKR, not INR!) is a compelling opportunity to own an undervalued, well managed proxy for consumption and credit offtake in a 190 million population country now […]
|By Arabian Post Staff| As the local economy continues to adjust to softening global conditions, overall residential values and rents in Dubai are set for a further decline throughout 2016, according to leading real estate consultancy Cluttons. Cluttons’ Dubai Spring 2016 Residential Property Market Outlook shows that after falling by an average of 3.1% during 2015, residential values fell by an additional 2.2% during the first quarter of […]
|By Matein Khalid| After five years of pathetic under-performance, emerging markets are easily the asset class to own in 2016, as Europe is hit by a resurgent Euro/Italian banking woes and Japan by institutional gaijin selling and a stronger yen. A dovish Janet Yellen has talked down the US dollar and deferred the timing of FOMC interest rate hikes. The Chinese Politburo and People’s Bank have managed to […]
An Apple iphone 6 with Apple Pay is shown in this photo illustration in Encinitas , California June 3, 2015. Reuters/Mike Blake SAN FRANCISCO Apple Inc’s first-ever drop in quarterly iPhone sales has spurred Chief Executive Tim Cook to turn the spotlight on prospects for its services business, but the field is rife with competition and may prove challenging for a brand based on gadgets. Second-quarter earnings […]
Apple Inc (AAPL.O) on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market. The company’s sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues. Its shares fell about […]
Judging by the responses from users on Twitter, Dropbox’ new technology for accessing cloud-based files from the desktop will be a welcome and much-needed improvement. Unveiled today, the “Project Infinite” preview will let Dropbox users view all their cloud-stored files and folders from their devices without having to first launch a browser. “Dropbox Infinite is exactly what I’ve been looking for for several years now,” Web developer […]
By MICHAEL D. SHEAR April 25, 2016 HANOVER, Germany — The United States will significantly increase the number of military personnel, including Special Forces, in Syria to fight the Islamic State, President Obama said on Monday as he concluded a six-day trip to the Middle East, Britain and Germany. Mr. Obama, whose comments came in a speech in which he pressed for European unity, said that he would add 250 […]
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman unveiled his “Saudi Vision 2030” to reduce the kingdom’s reliance on oil. The blueprint, approved by King Salman, includes plans to sell less than 5 percent of Saudi Arabian Oil Co., or Aramco, the creation of the world’s largest sovereign wealth fund and raising non-oil revenue. Here’s a guide to the main elements of the plan, announced on Monday […]
U.S. Health & Human Services Goes Salesforce for $100M CRM Upgrade The Department of Health & Human Services (HHS) recently announced an agency-wide $100 million Blanket Purchase Agreement (BPA) for Salesforce subscriptions. The agreement will allow HHS operating staff and personnel in other divisions to purchase Salesforce products and services through a central purchasing vehicle. The agency said the agreement will help streamline CRM (customer relationship management) […]
