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NEW DELHI: Private power producers have raised several concerns over bidding norms for ultra mega power plants (UMPPs), particularly the design-build-finance-operate-transfer (DBFOT) model where lenders’ exposure to the project is not fully secured.   Under the model, developers are required to transfer the power plant to the government at the end of the contract period, a provision that makes potential lenders jittery.   Last week, Adani Power, […]

The new Rera service charge index is focusing attention on the vast differences in the charges property owners in different areas of Dubai are being asked to pay for services. The index, which was launched by the regulatory arm of the Dubai Land Department last week, compiles a list of itemised annual service charges for 300 individual buildings located in 22 major developments. According to calculations by […]

NEW DELHI: India Friday called for building the SAARC power grid so that excess power produced in one region of South Asia can be used to meet deficits elsewhere.   Addressing the fifth South Asian Association for Regional Cooperation energy ministers meet here, Power Minister Piyush Goyal said that with the implementation of such a grid, hydel power generated in India’s northeast, for instance, could be transported […]

NEW DELHI: Having proved himself as a ‘rock star’ abroad and a vote-getting machine at home, Prime Minister Narendra Modi is now going to do what people are telling him to do: Take policy decisions that cannot be put off any longer.   The first of these is a Cabinet reshuffle likely by the end of this month – after Diwali. A brace of decisions on economic […]

A hidden-away feature on Facebook Messenger appears to be ready enable users to take advantage of peer-to-peer (P2P) payments whenever Facebook decides to implement the service. Screenshots and videos of the feature were taken by Stanford computer science student Andrew Aude following a heads-up last month by digital forensic expert Jonathan Zdziarski. We reached out to Aude to learn more about how close to implementation the Messenger […]

People frequently use Facebook to update friends and loved ones about health issues. Now Facebook is looking for a way to make health care an integral part of the social media site. Following on the heels of Samsung and Apple, Facebook is planning to create a group of online support communities that would connect Facebook users that suffer with various afflictions. However, the online support communities are […]

Staying in touch with technology is crucial for success The five must-have tools for everyone in real estate RIYADH, 1 days ago As new technologies continue to evolve, the necessary tools for success in the real estate industry have developed. It has become essential for real estate agents, developers, buyers, and sellers to take advantage of the features provided by the innovative apps, devices, and technology that […]

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When Apple’s new operating system debuted, some were wondering whether they should upgrade to iOS 8 right away or wait a little while to make sure the mobile operating system was stable. Others were confident the upgrade would be flawless. Now, Crittercism, a mobile analytics firm, is showing why some had pause. When Crittercism analyzed data across iOS users from September 17 to September 22, the firm […]

A project displayed at Cityscape Global 2014. Rory Jones for The Wall Street Journal Dubai’s showcase annual real-estate event appears to offer more substance than style this year: Cityscape Global had fewer glitzy property launches on day one than last year, and there were no backroom scuffles as investors scrambled to snap up units of premier developers. There was still plenty of real estate for sale as […]

While it’s only a year-and-a-half old, Docker appears poised for big things in the world of distributed applications, and the company just scored $40 million in new funding to prove it. The San Francisco-based startup raised the series C funding with the help of Sequoia Capital, just nine months after it closed $15 million in funding led by Greylock Partners. Since launching in March 2013, Docker has […]

Google is bringing its two operating systems — Android and Chrome — closer together with the release of its first four Android apps for Chromebooks. Announced last Thursday, the new Android apps for Chrome OS include the language education app Duolingo; Sight Words, a vocabulary learning app for children; the workplace productivity tool Evernote; and the video creation and sharing app Vine. “These first apps are the […]

Google has kicked off yet another program aimed at helping to develop the next big thing in tech: Google Cloud Platform for Startups. The program offers early-stage tech companies $100,000 in credit for Google’s Cloud Platform services, along with 24/7 support and technical architecture review help from Google’s engineers. The new offering was announced Friday by Urs Hölzle, Google Fellow and senior vice president of technical infrastructure, […]

Apple is generating plenty of buzz for its iPhone 6 and Apple Watch models, but behind the scenes it’s the iOS 8 that’s gluing all the innovations together. The tech giant will start rolling out the new version of its mobile operating system on September 17 for the iPhone, iPad and iPod touch users as a free update. Apple is billing iOS 8 as a simpler, faster […]

Dubai’s boom-and-bust real estate market can land you at the wheel of a Rolls-Royce or behind bars.  Kabir Mulchandani should know: he’s experienced both. Five years after spending 140 days in jail facing charges of fraud and embezzlement for which he ultimately was cleared, the chairman of developer SKAI Holdings stands at a building site watching cranes start work on one of the company’s three projects. They […]

Apple Inc. (AAPL)’s prospects seem a lot brighter than they were the last time Tim Cook introduced an iPhone. When Chief Executive Officer Cook unveiled two new smartphone models 12 months ago, Apple’s stock was slumping and the company was losing market share to Samsung Electronics Co. and low-cost manufacturers such as Xiaomi Corp. Questions abounded about whether Apple could keep innovating without co-founder Steve Jobs. Fast […]

By Paul Carsten BEIJING Mon Sep 8, 2014 11:12am IST A picture illustration shows a WeChat app icon in Beijing, December 5, 2013. Credit: Reuters/Petar Kujundzic/Files BEIJING (Reuters) – Apple Inc has a lot for which to thank people like Deng. A Beijing-based quality analyst, she gave only her surname as she’s embarrassed by how much money she spends playing mobile games on WeChat, a hugely popular […]

|By TAP Staff|Meraas Holding said the first phase of its ambitious e $2.7 billion Dubai Parks and Resorts project incorporating the Legoland park would be completed by 2016. In addition to the Legoland park, that initial phase will include a Bollywood-themed park celebrating the Indian film industry and another known as Motiongate Dubai promising to bring Hollywood characters to life. Plans also call for a central retail […]

|By TAP Staff| Emaar Properties will launch the initial public offer of its shopping malls and retailing unit on Sept. 14. The developer further said  the subsidiary will be listed on Dubai’s main stock market on Oct. 2. The offer would be one of the largest equity sales in the Middle East since 2008, underlining Dubai’s recovery from a credit crisis that forced many state-linked developers to […]

By Nivedita Bhattacharjee MUMBAI Wed Sep 3, 2014 11:01am IST Android mascots are lined up in the demonstration area at the Google I/O Developers Conference in the Moscone Center in San Francisco, California, May 10, 2011. Credit: Reuters/Beck Diefenbach/Files MUMBAI (Reuters) – Google Inc’s (GOOGL.O) partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for […]

By Christina Farr and Edwin Chan SAN FRANCISCO Wed Sep 3, 2014 7:44am IST The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. Credit: Reuters/Robert Galbraith/Files SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days […]

Emaar Properties will launch its highly anticipated initial public offer of at least 15 percent of its shopping malls and retailing unit on Dubai’s main stock market in September, and plans to list the shares in October. The offer would be one of the largest equity sales in the Middle East since 2008, underlining Dubai’s recovery from a credit crisis that forced many state-linked developers to stall […]

If you wanted to make a quick buck in property, Dubai would have been the place to do it in the last couple of years. And the desert of superlatives is still going strong despite a partial slowdown. According to CBRE Group , apartment prices increased by a more modest 3.2 percent in the second quarter of 2014, bringing gains over the last year to 21 percent. […]

American real estate mogul Donald Trump is planning “substantial investments” in the Indian property and hotel sectors, betting on Prime Minister Narendra Modi-led new government’s efforts to revive the economic growth and boost infrastructure. “I do see India as a great place to invest, and I think the election made that even better,” said Trump, who was in India to launch Trump Tower in Mumbai, his first […]

Dubai’s hotels had the lowest occupancy in at least 18 years in July, standing more than half empty, as more rooms were created and demand declined, according to research firm STR Global. Occupancy declined 11.8 percentage points to 45.4 percent from a year earlier, STR Global said in a report. That’s the lowest since the company began tracking the Dubai hospitality market. Dubai, which built some of […]

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