Demand for aircraft leasing is expected to stay steady. Aircraft lessors wary as new rivals crowd into aviation ISTANBUL, 1 days ago By Tim Hepher Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy. Deterred by poor returns elsewhere as interest rates remain at […]
Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]
Saudi exported just below 7 million barrels of oil per day in May-July,the lowest amount since September 2011 Saudi Q2 GDP growth down to 3.8pc on oil slowdown DUBAI, 19 hours, 16 minutes ago By Martin Dokoupil Saudi Arabia’s economic growth eased to an annual 3.8 per cent in the second quarter of 2014, the lowest rate in a year, because of a slowdown in the oil […]
The gold price dropped on Monday September 22nd to USD 1212 and EUR 942. Dollar gold is close to retest its bottom for the third time since mid-2013, a price level which was seen only in the summer of 2010. For readers seeking to understand what is going on, we are providing a comprehensive view on the gold market. We take all perspectives into account: price and chart patterns, […]
Smartphone producers in China are closing in on market leaders Samsung and Apple. This is based on a large home market with above-average growth. Potential is even higher in India and Latin America. Today, the spotlight is on the two largest mobile telephone manufactures – Samsung and Apple – with their latest Galaxy and iPhone models. These smartphones are likely to sell in the millions, but this […]
Hedge funds extended this year’s longest exit from bullish gold bets as slumping prices and investor outflows since June erased $6.7 billion from the value of exchange-traded funds backed by the metal. The net-long position in New York futures and options fell for a fifth straight week, with speculators boosting short bets to the highest since June, U.S. government data show. Investors sold 7.75 metric tons of […]
|By TAP Staff| Confirmation of Dubai residential market rents cooling off came on Sunday when real estate consultancy CBRE reported that Dubai’s residential rents recorded the first drop after ten consecutive quarters of consistent increase. The drop has been attributed to an increase in new stock combined with the traditionally slow festive and holiday period. However, the agency pointed out that the transaction market retained some momentum […]
Do U.S. Internet users want the so-called “right to be forgotten” that’s been a hot topic in Europe? And is such a scenario plausible stateside? It appears those questions have very different answers. Europe’s highest court ruled last spring that individuals had the right to ask that certain online data deleted so that third parties could no longer trace them. Despite the ruling, several questions on the […]
City skyscrapers stand on the waterfront seen from a construction site of residential apartments on Palm Jumeirah artificial island in Dubai. Bloomberg News A rebounding Dubai property market has caught everyone’s attention again. Following a colossal crash in property prices in the wake of the financial crisis, not many had expected a recovery so soon afterwards, or so swiftly. The total amount invested in the emirate’s property […]
In a move to beef up its Intercloud strategy, Cisco is acquiring a privately-held company called Metacloud. The firm deploys and operates private clouds for global organizations with an OpenStack-as-a-service model. Metacloud’s model stands out in the industry because it both delivers and remotely operates production-ready private clouds in a customer’s data center. Cisco figures the platform will accelerate its strategy to build the world’s largest Intercloud. […]
‘Yes’ supporters demonstrate outside BBC Scotland’s headquarters in Glasgow, calling for the sacking of the BBC’s political editor, Nick Robinson Photo: Rex Features The significance of tomorrow’s referendum on Scottish independence is impossible to exaggerate. Scots will be faced with a choice whose consequences will echo down the ages – namely, whether to break apart a Union that has stood for more than 300 years, and instead become […]
A new solid state drive (SSD) from Micron Technology promises to be the company’s highest performing drive to date. The M600 SATA SSD, shown here, will boast improved power efficiency, better performance, and increased durability and lifespan. The drive also comes with 256-bit hardware encryption and will be available with capacities ranging from 128 GB to 1 TB. The new drive is being positioned on the high-end […]
By Elzio Barreto, Fiona Lau and Liana B. Baker HONG KONG/NEW YORK Tue Sep 16, 2014 11:06am IST People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files HONG KONG/NEW YORK (Reuters) – Alibaba Group Holding Ltd raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year’s […]
|By TAP Staff| Emaar Properties said the IPO of its shopping malls business unit has been sold out to institutional investors on the first day itself. The leading developer aiming to raise as much as AED 5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG), which is expected to be the Gulf’s biggest stock sale since 2008. On offer are 2 billion […]
Customers pre-ordered more than four million iPhone 6 and 6 Plus handsets in just the first 24 hours, according to Apple, around double the number the company saw for the iPhone 5s and 5c a year ago. Apple is on track to top 10 million units sold over the entire launch weekend, if the tech giant can keep up with the level of demand. The smartphones first […]
Boom and bust – two words that are regularly heard when the property market in the United Arab Emirates, especially Dubai, is discussed. But that theme appears to be changing. At least that’s what some industry experts are indicating. The property market, after rebounding sharply since early 2013 from the global financial crisis-induced crash, is now showing signs of stabilising – with the pace of growth in […]
KKR ‘s Samie says the key challenges in the region are valuations, regulations and issues with minority ownership. Nicolas Parasie for The Wall Street Journal KKR & Co. has been in the Middle East and North Africa since 2008. In what could be one of the largest buyout deals ever in the region, the New York-based private equity giant is jointly bidding for Kuwait’s Americana. The Wall […]
|By TAP Staff| Emaar Properties said it’s seeking to raise as much as $1.58 billion from the initial public offering of its malls unit in the UAE’s biggest IPO since 2007. Emaar Malls Group PJSC plans to sell 2 billion of its founders’ shares, or about 15 percent of its equity, in a price range of 2.5 dirhams to 2.9 dirhams apiece, according to a company statement […]
|By TAP Staff| Just over a year ago, China’s Xiaomi was little more than a mid-sized smartphone-maker with an odd name (Xiaomi means “millet”), trailing household brands such as Samsung, Lenovo, Coolpad and others. During the first six months of 2014, however, this four-year old company sold 26m smartphones, propelling it to pole position in the Chinese market. Next year, Lei Jun, its founder and CEO, expects […]
U.S. Secretary of State John Kerry said he was “extremely encouraged” by pledges of military assistance against Islamic State militants by countries inside and outside the Middle East and that some nations had offered ground troops. Kerry has been touring the Middle East to try to secure backing for U.S. efforts to build a coalition to fight the Islamic State militants who have grabbed territory in Syria […]
By RUKMINI CALLIMACHI and KIMIKO DE FREYTAS-TAMURA September 13, 2014 The Islamic State in Iraq and Syria released a video Saturday of the third beheading of a foreign hostage, a British aid worker. The execution was a clear message to Britain, a vital ally of the United States as it builds an international coalition to target the militant group, which has made stunning advances across Syria and northern Iraq in recent months. […]
President Barack Obama, accompanied by Vice President Joe Biden Photo: AP Were it any other US president in recent memory, delivering a rousing White House address promising to “vanquish” the bloodthirsty militants of the Islamic State from the face of the earth would be dismissed as the “easy part”. Recall Joe Biden, the vice president with half an eye on a run for the top job in 2016, […]
|By TAP Staff| Asia is giving expression to its growing disenchantment with the prevailing West-centred gold pricing mechanism by setting in place its own benchmarks that reflect the region’s market dynamics. China and Singapore are preparing to launch physical bullion contracts with an eye on gaining pricing power of the metal at a time when the global benchmark is under scrutiny. CME Group, the world’s leading derivatives […]
SanDisk is laying claim to offering the world’s highest-capacity SD card, 512 gigabytes of flash storage — but at $800, it’s not cheap. The new SanDisk Extreme Pro SDXC UHS-I aims at photography and video professionals that absolutely must have the most advanced equipment available to shoot 4K Ultra High Definition (3840x2160p) video, Full HD video (1920×1080) and high-speed burst mode photography. Dinesh Bahal, vice president of […]
