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As a microcosm of the wrenches and stresses enterprise services are experiencing, Cognizant‘s week has been pretty fascinating. Last weekend Elliott Management took an activist controlling role in Cognizant, one of the most strategic services firms, with an open public letter to Cognizant’s management essentially chastising them for too much investment in the future and for not squeezing enough money out of the IT services world as […]

Saxo Bank awarded multiple accolades by FX Week, Finance Magnates, HFM Asia Hedge Fund Services and Global Finance 01 December 2016 Saxo Bank, the online multi-asset trading and investment specialist, today announces that it has won Best Prime of Prime House in FX Week’s Best Banks Awards and Best Forex Broker and Best Prime of Prime/Retail Liquidity Provider in the Finance Magnates Awards. Recognized by industry experts […]

By Sarah Marsh and Diego Oré | SANTA CLARA, Havana SANTA CLARA, Havana One of history’s best known double acts was temporarily reunited on Wednesday, when Fidel Castro’s ashes arrived at a mausoleum housing the bones of his fellow revolutionary, Ernesto “Che” Guevara, part of a three-day cortege for the Cuban leader. Castro was cremated after he died on Friday aged 90. His ashes are being driven […]

GENEVA/BAGHDAD: A fleeing seven-year-old child was among dozens more civilians allegedly executed by the Daesh group in Mosul in recent weeks, the UN said on Tuesday.Since the battle to retake the last Daesh bastion in Iraq began six weeks ago, the United Nations rights office has reported hundreds of alleged execution-style killings by Daesh, stressing that some of the purported atrocities have not been definitively confirmed.The most […]

(Image: file photo) Nearly a million users across Europe were thrown off the internet during the weekend into Monday after criminals tried to hijack home routers as part of a coordinated cyber attack. Security researchers said that routers provided to customers in Germany by their internet providers were at risk of attack from the notorious Mirai malware, most notable for its large-scale botnet that brought parts of […]

Construction contracts worth AED 3 billion awarded for eight residential projects and all requisite infrastructure Nearly 5,000 residences currently under construction with over 2,000 homes ready for hand-over in 2017 750-acre (31 million sq ft) development is anchored by a central square, the size of 16 football fields, Vida Townsquare Dubai hotel and Reel Cinemas cineplex 29 November 2016Construction contracts worth AED 3 billion awarded […]

the UAE’s Ministry of Infrastructure Development (MoID) plans to construct all of its buildings using 3D technology, according to local media. “All of the buildings to be built in the future by the ministry across the UAE will be 3D-printed in line with the national agenda of the country and the UAE 2021 vision,” Munira Abdul Kareem, manager of the Ministry of Infrastructure Development’s Project Execution Department […]

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This transcript has been automatically generated and may not be 100% accurate. … over the last six months alone … French or French speaking extremists have been highly visible propaganda for terrorist groups … especially the Islamic State … French officials recently said more than one thousand French nationals have trouble conflict zones in Syria and Iraq … or maybe claiming to … be a recent mass […]

Authored by Bonner & Partners’ Bill Bonner, annotated by Acting-Man’s Pater Tenebrarum, Permanently Skewed TRUMP HOTEL, New York – Trump’s rambling army – professionals, amateurs, camp followers, and profiteers – is marching south, down the I-95 corridor. There, on the banks of the Potomac, it will fight its next big battle.   Lieutenants in Trump’s army: Bannon, Flynn & Sessions   Here at the Diary, we do not […]

As night fell on June 15, volunteers at the Birstall Wellbeing Centre in West Yorkshire were preparing for their usual Wednesday group session. The centre offers Reiki healing, palm readings and holistic massage. Rebecca Walker, who opened the centre eight years ago, is haunted by that night in June. At about 6.30pm, a man in his 50s walked through the door. He was thin, on the short […]

The report comes as part of the Ministry’s contribution to UAE Innovation Week 2016 H.E. Noura Al Kaabi: We are always looking to draw lessons from our experiences; this report allows us to look back on our processes and plans and build on them to keep improving our electoral process moving forward Abu Dhabi, November 23, 2016  The Ministry of State for Federal National Council (FNC) […]

19 November 2016 Doha, Qatar: Commercial Bank, Qatar’s first private bank, is proud to announce it has won the “Best Cash Management Bank in Qatar” award at The Asian Banker Middle East & Africa Transaction Banking Awards 2016, held in Dubai. The Asian Banker is an authoritative provider of strategic business intelligence to the Asian financial services community. Judged by an international board of advisors, applicants were […]

Klampfer Middle East and Brayan Group have formed a partnership enterprise to service the UAE’s mechanical, electrical and plumbing (MEP) sector. Klampfer-Brayan Electromechanical Contracting (KBEC) was conceptualised by Klampfer Middle East managing director, Günther Hinterberger, and Brayan Group CEO Praveen Sarapure. Hinterberger said: “As a European company with an international engineering portfolio, Klampfer is moving toward increasing and diversifying our Middle East market share beginning with the United Arab Emirates. Our […]

When Iran conducted a mass hanging in August of Sunni prisoners accused of attacks in its restive western Kurdish region, the executions were widely criticized as an egregious human rights violation. But death-penalty opponents also were appalled at what came next. Videos that showed apparently coerced confessions of the prisoners — interwoven with ominous-sounding music and clips of unrelated assaults by militants of the Islamic State — […]

For much of the last decade the derivatives industry has been caught in the gravitational pull of the Dodd-Frank act, the sweeping piece of legislation meant to contain the risk of another financial crisis. Six years after its passage, US president-elect Donald Trump wants to dismantle the law. The industry, however is not racing to join him. At this week’s Global Financial Leadership Conference, a gathering of derivatives traders, […]

Photo Members of the Iraqi police tried to pull a body from a mass grave discovered in Hamam al-Alil on Monday. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images GENEVA — Islamic State militants have summarily killed scores of civilians in the Iraqi city of Mosul in recent days, sometimes using children as executioners, and have used chemical agents against Iraqi and Kurdish troops, United Nations officials said […]

The Google Pixel, a device that is being considered as possibly the best Android smartphone to date, has just been hacked by Chinese team in less than 60 seconds. The feat was achieved by white hat hackers from security solutions company Qihoo 360 at PwnFest, a hacking competition held in Seoul, South Korea. The Google Pixel Hack At PwnFest, Qihoo 360 demonstrated an exploit that gave the team […]

Conflicted Care When Dr. Rosecrans worked briefly at the Navy’s hospital at Guantánamo as a young psychiatrist in 1999, it was a sleepy assignment. She saw only a few outpatients each week, and there was no psychiatric ward on the base, which was being downsized. But after Al Qaeda’s 2001 terror attacks on New York and the Pentagon, and the subsequent American-led invasion of Afghanistan, detainees began […]

Photo A member of the Syrian Democratic Forces, a United States-backed Kurdish-Arab alliance, inside Syria. Credit Delil Souleiman/Agence France-Presse — Getty Images WASHINGTON — President-elect Donald J. Trump said Friday that he was likely to abandon the American effort to support “moderate” opposition groups in Syria who are battling the government of President Bashar al-Assad, saying “we have no idea who these people are.” In an interview […]

TEHRAN — For all of Iran’s attractions — breathtaking scenery and numerous World Heritage sites, among other things — there are plenty of downsides to vacationing in the Islamic republic. Alcohol is forbidden. There is very little night life, at least in public. All women, including visiting foreigners, are obliged to wear a head scarf. Then there are Iran’s politics: its strident anti-Western stance; seemingly random arrests […]

|By Matein Khalid| The fall in oil prices since 2014 has triggered a liquidity crunch and higher funding costs in the UAE banking system. EIBOR is almost double the London interbank rate LIBOR. Non-performing loan (NPL) have begun to rise as property prices have fallen 20% from their peak and corporate/SME borrowers are hit by a sharp downturn in the business cycle. DIB shares reflect these macro […]

HP Inc. expects to lay off between 3,000 and 4,000 employees in the next three years amid slumping demand for its products, the company said Thursday. The layoffs come one year after HP Inc., the manufacturer of printers, laptops and personal computers, was spun off from Hewlett-Packard in Silicon Valley’s biggest corporate breakup. The other company in the split, HP Enterprise, provides data center technology and business […]

UAE. The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst on-going global uncertainty, according to the H1 2016 UAE Industrial & Logistics MarketView, by global real estate consultancy firm CBRE. The softening of crude oil prices over the past 18 months has had mixed effects on the UAE industrial sector, and on the markets in Dubai and […]

BEIRUT, Lebanon — As Muslims from around the world head toward Mecca for the annual hajj pilgrimage, Saudi Arabia and Iran have escalated their sectarian rivalry over which country represents the true Islam. Iran unleashed the first barb Monday, when the country’s supreme leader, Ayatollah Ali Khamenei, accused Saudi Arabia of deliberately killing pilgrims during last year’s hajj. He called for the world’s Muslims to reconsider Saudi […]

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