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COP31 leaders demand accelerated action as warming intensifies // Moonless skies improve stargazing conditions across northern Saudi Arabia // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // Canada seeks tariff easing following US election upheaval // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues // Iran displays school strike memorial at COP31 summit // FAB takes full ownership of Bahrain fund administrator Yasira // Toyota Land Cruiser 2025 and 2026. What Each Trim Costs in the UAE // Messi secures consecutive MLS Golden Boots with 26 goals // Flydubai Dammam cancellations persist as Etihad extends suspensions // FinCEN identifies $8 billion in suspect overseas payments // California electorate defeats proposed levy on billionaire wealth // Google school AI search policy draws Senate challenge // ADNOC Gas quarterly profit doubles to $1.34 billion // Microsoft 365 Family cuts combined storage to 2TB // Dubai approves airport Metro link for 2031 opening // Prudential announces title sponsorship of “Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui”, lighting up Victoria Harbour this winter // GCC defence ministers discuss military coordination amid Iran conflict // Thai Airways discloses 60,529 records exposed through Amadeus // Google Health introduces blood pressure logs and glucose overlays //

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UAE. According to EY’s latest Global Fraud Survey, Corporate misconduct – individual consequences, only 29% of executives in the Middle East recognize cybercrime risk, compared to 47% globally. T he survey found that many respondents maintain the view that fraudulent activity is not their problem, despite recognizing the prevalence of the issue in their own countries. Michael Adlem, EY’s MENA Fraud Investigation & Dispute Services (FIDS) Leader, […]

UAE. Cyber-crime is not a new phenomenon, but it’s hitting the headlines as never before. According to PwC Middle East’s latest report, there is a renewed willingness among organizations to invest in security, with many organizations incorporating strategic initiatives to improve security and reduce risks. PwC Middle East’s Global State of Information Security survey 2016 looks at how the survey results from over 300 Middle East companies […]

|By Arabian Post Staff| Dubai’s government owned property developer Limitless  will make an early payment of 2.07 billion dirhams ($564 million) to banks and trade creditors after reaching a second debt restructuring deal with them, Bloomberg reported. The company will pay 1.9 billion dirhams to banks this month, covering 43 percent of the outstanding loan amount, Limitless said in an e-mailed statement on Thursday. It will pay 163 million […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo LONDON/CHICAGO Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over 10 days, Wells approved a total of at least 12 […]

Reuters/Kim Hong-Ji/Files SEOUL Samsung Electronics said it had struck a deal with a Alibaba Group Holding for owners of its phones to be able to more easily make payments with Alipay accounts – a move it hopes will boost sales in the world’s biggest smartphone market. Users of Samsung Pay will also have the option of paying with their Alipay accounts without having separately access the Alipay […]

In the latest update to its mobile mail app, Yahoo has introduced several new features aimed at making navigation and information-sharing easier on iOS and Android mobile devices. Unveiled Tuesday, the latest version of the Yahoo Mail app for iPhones and other Apple devices (shown above) includes a preview function for links, new support for stationery, and a quick-sharing button for content on mobile devices. For Android, […]

|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 […]

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The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo Major U.S. banks are scrutinizing security of the SWIFT messaging network following cyber attacks in Bangladesh and Vietnam involving fraudulent transfer requests, according to media reports on Tuesday. JPMorgan Chase & Co (JPM.N) has limited SWIFT access to some employees amid questions about the breaches at two Asian banks, The Wall […]

Reuters/Jim Urquhart/Files   SAN FRANCISCO Republican presidential candidate Donald Trump on Tuesday warned that a dangerous financial bubble has formed in the technology industry – and Silicon Valley responded with a collective eye roll.   In a Reuters interview, the New York billionaire said technology start-ups that had never earned a profit were able to sell shares at very high prices, likening the situation to the overheated […]

The Westminster School in Ghusais area, Dubai. The School is hiking fees. Dubai: A Dubai school’s decision to hike its tuition fees by 27 per cent has left parents fuming over what they claim goes against the Knowledge and Human Development Authority’s (KHDA) fee framework, which depends on school ratings. However, KHDA has said that one-time increases exceeding normal yearly increases can be granted when schools apply […]

Markets move ‘sideways-to-soft’ ahead of Ramadan amid fears international markets will not be robust Dubai: UAE indices fell on Monday, extending losses for another session as traders repositioned themselves ahead of the Ramadan season. The Dubai Financial Market General Index (DFMGI) closed 0.43 per cent lower at 3,290.37, while the Abu Dhabi Securities Exchange General index closed 0.66 per cent lower at 4,345.31. “UAE markets are moving […]

|By Arabian Post Staff| Saudi Arabia ranks among the top dozen foreign holders of U.S. debt, the Treasury Department disclosed, breaking its silence on the issue for the past four decades. “The stockpile of the world’s biggest oil exporter stood at $116.8 billion as of March, down almost 6 percent from a record in January, according to data the Treasury disclosed Monday in response to a Freedom-of-Information […]

Concerns about identity theft, financial fraud and business or government tracking are creating a “chilling effect” on online commerce and free expression, according to analysis of data from a 2015 survey of Internet use conducted for the Department of Commerce’s National Telecommunications and Information Administration (NTIA). Of the 41,000 households asked about privacy and security in the July 2015 U.S. Census Bureau survey for the NTIA, 19 […]

|By Arabian Post Staff| Emirates Islamic and French financial institution Natixis announced the completion of a US$50 million Collateralised Murabaha deal on the Nasdaq Dubai Murabaha Platform. It is the largest collateralised Murabaha transaction closed by Emirates Islamic this year, and the first of its kind executed on the Nasdaq Dubai Murabaha Platform. A joint initiative between Nasdaq Dubai and Emirates Islamic, Nasdaq Dubai’s Murabaha platform provides […]

Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. Reuters/Ashikur Rahman/Files   DHAKA A Bangladesh government-appointed panel investigating the theft of $81 million from the country’s central bank has found that SWIFT, the international banking payments network, committed a number of mistakes in connecting up a local network, the panel head said on Sunday.   “We have shown that SWIFT […]

Reuters/Denis Balibouse/File photo   SAN FRANCISCO Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc’s Internet assets.   The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo’s online portfolio, Reuters reported […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo After an $81 million cyber heist at the Bangladesh central bank, the Federal Reserve Bank of New York said there was no problem with its procedures for approving fund transfers, according to a letter released on Friday by a U.S. lawmaker who had questioned those methods. U.S. Representative Carolyn Maloney had […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warned on Thursday of a second malware attack similar to the one that led to February’s $81 million cyber heist at the Bangladesh central bank. The second case targeted a commercial bank, SWIFT spokeswoman Natasha […]

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 […]

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo FRANKFURT SWIFT’s payment network was not hacked in the $81 million heist on the Bangladesh central bank earlier this year, SWIFT’s chief executive said on Thursday, adding it was unlikely to be the last such attack on a bank. Gottfried Leibbrandt said SWIFT’s network, used by firms and institutions across the […]

|By Matein Khalid| The April payrolls data demonstrated that US economic growth has hit a soft patch. The US economy only added 160 jobs in April, less than the expected 203,000 average in the first three months of 2016. One disappointing data point does not imply a macroeconomic trend reversal since the US economy added 2.8 million jobs between March 2015 and March 2016. Statistical and measurement errors […]

The latest update to SugarCRM’s customer relationship management (CRM) platform adds several new capabilities aimed at providing sales and marketing professionals with “more timely and relevant” information about their customers. Sugar 7.7 adds new support for custom tags to help users better classify information about their customers in ways that work for them, the company said. The updated platform also improves search capabilities to deliver the most […]

|By Arabian Post Staff| Iran’s leading private bank, Bank Mellat, won a major legal battle against the UK Treasury in its claim of $4 billion damages for the sanctions imposed on it in 2009, when the English Court of Appeal, presided by Lord Chief Justice Thomas of Cwmgiedd, upheld the bank’s claim that damages should cover loss to future income as well. Bank Mellat brought this claim […]

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo Amazon.com Inc launched a service on Tuesday that allows users to post videos and earn royalties from them, setting up the world’s biggest online retailer to compete directly with Alphabet Inc’s YouTube. The service, called Amazon Video Direct, will make the uploaded videos available to rent […]

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Just in:
Iran displays school strike memorial at COP31 summit // North Korean hackers widen drone and software attacks // COP31 leaders demand accelerated action as warming intensifies // Microsoft 365 Family cuts combined storage to 2TB // Prudential announces title sponsorship of “Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui”, lighting up Victoria Harbour this winter // Dubai approves airport Metro link for 2031 opening // Singapore introduces AI scam alerts for messaging conversations // ADNOC Gas quarterly profit doubles to $1.34 billion // Messi secures consecutive MLS Golden Boots with 26 goals // OnePlus 16 India debut reconsidered amid launch discussions // Google Health introduces blood pressure logs and glucose overlays // Canada seeks tariff easing following US election upheaval // Jailbroken AI agent targets European telecom infrastructure // Japan’s Nikkei advances as buyers return after sell-off // North Korean hackers channel Binance funds through fake tokens // France identifies Iranian Guards as supermarket hacking suspects // Moonless skies improve stargazing conditions across northern Saudi Arabia // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // US relocates tankers from second British base amid threats // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues //