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The logo of Samsung Electronics is seen at the company’s headquarters in Seoul July 6, 2012. Reuters/Lee Jae-Won/Files SEOUL Samsung Electronics Co Ltd, the world’s top smartphone maker, plans an initial production run of about 5 million of its upcoming Galaxy S7 smartphones, South Korea’s Electronic Times reported on Monday, citing unnamed sources. The paper said Samsung is planning to launch two different versions of its new […]

This has never happened before. The global smartphone market is posting its first single-digital growth year on record. That’s according to the latest Worldwide Quarterly Mobile Phone Tracker from market research firm IDC. The firm predicts worldwide shipments will grow 9.8% to hit 1.43 billion units this year, thanks in part to slowing growth in Latin America, Western Europe and the Asia Pacific. The slower-than-expected growth actually […]

Airbus Group SE escaped order oblivion at the Dubai Air Show after negotiating a last-minute agreement to sell 30 narrow-body planes to VietJet Aviation — prompting the European planemaker to take a swipe at Boeing Co. over the announcement of a deal that had already been booked. VietJet agreed to buy nine current-generation A321s and 21 upgraded A321neos worth $3.6 billion at list prices after negotiations that […]

|By TAP Staff| Emaar Properties  recorded a growth in net profit of 16 per cent for the first nine months (Jan to Sept) 2015 to AED 3.048 billion (US$ 830 million) compared to AED 2.622 billion (US$ 714 million) during the same period in 2014. Revenues for the first nine months of 2015 were AED 9.849 billion (US$ 2.681 billion), a growth of 25 per cent over […]

|By TAP Staff| Emaar Malls, the shopping malls and retail business majority-owned by global property developer Emaar Properties, recorded net profit of AED 1.22 billion (US$ 332 million) during the first nine months (January to September) of 2015. This is 30 per cent higher than the net profit for the same period last year. Net profit during the third quarter (Jul to Sep) 2015 was AED 376 […]

|TAP Special by K Raveendran| Landmark events about the development of a shopping mall generally involve major leasing deals or signing up flagship brands, or the launch of the mall itself. But Qatar’s Tawar Mall, coming up in a prime Doha locality, was the scene of a bit of fanfare this week for none of the above. The mall owners, belonging to the leading Qatari business family […]

|TAP Special by K Raveendran| Landmark events about the development of a shopping mall generally involve major leasing deals or signing up flagship brands, or the launch of the mall itself. But Qatar’s Tawar Mall, coming up in a prime Doha locality, was the scene of a bit of fanfare this week for none of the above. The mall owners, belonging to the leading Qatari business family […]

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|By Matein Khalid| 2015 has been a horror story for emerging markets and Asian shares have not escaped the fallout from the 40% plunge in Shanghai/Shenzhen since June. Yet financial markets discount the future while UAE investors invariably extrapolate the recent past. So even while I resurrect the ghosts of 1998 when Suharto’s regime fell amid anti-Chinese riots in Jakarta, South Korea was forced to accept a […]

A Microsoft logo is seen at a pop-up site for the new Windows 10 operating system at Roosevelt Field in Garden City, New York July 29, 2015. Reuters/Shannon Stapleton/Files Microsoft Corp unveiled on Tuesday its first laptop, a line of Lumia smartphones, a new Surface Pro tablet and an updated version of its wearable fitness tracker, Microsoft Band, all running on Windows 10, its latest operating system. […]

Microsoft has announced that Almoayyed Computers, the flagship division of Almoayyed International Group, has won the ‘Microsoft Country Partner of the Year 2015 Award for the Kingdom of Bahrain’. Awards were presented in several categories, with winners chosen from a set of more than 2,300 entrants from 108 different countries worldwide. Almoayyed Computers was honoured among a global field of top Microsoft partners for demonstrating excellence in […]

|By Matein Khalid| Hong Kong now trades at 9.6 times earnings and 0.86 book value. Hang Seng valuations were gutted by the protest movements in Central and the Shanghai financial meltdown. The Hang Seng index is down 25% since late May and now trades at six times forward earnings, its post Lehman, post 2014 bottom. Hong Kong trades at its lowest price/book value since the Asian flu […]

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high since last year in order to drive other players (especially U.S. shale drillers) out […]

OnePlus 2 launched; big features at $329 NEW DELHI, 1 days ago OnePlus, the start-up Chinese smartphone maker, has launched its new flagship device OnePlus 2. The OnePlus 2 will initially go on sale in India, China, the US, Canada, and select EU countries on August 11. Southeast Asia will get the smartphone in Q4 2015. The phone will cost $329 for an unlocked 16-GB version and […]

|By Matein Khalid|So Pearson PLC has sold the FT Group (with its flagship Financial Times newspaper) to Japan’s Nikkei Inc for $1.32 billion. Pearson will use the cash proceeds to increase its investment in education publishing businesses in the US and Canada, now 75% of revenues. This deal is a milestone in the history of newspaper publishing and my own life as an investor/financial journalist. I discovered […]

It could be a match made in heaven. Wall Street says Intel Corp (INTC.O) is the best suitor for Qualcomm Inc’s (QCOM.O) chip unit, if the maker of Snapdragon mobile processors decides to break itself up. “The chip deal to end all chip deals,” says Cowen and Co analyst Timothy Arcuri, would give Intel’s smartphone chip making business a much-needed boost. It would also allow Intel to […]

A worker works on a Samsung outdoor advertisement installed atop an office building in central Seoul March 23, 2015. Reuters/Kim Hong-Ji/Files SEOUL With four days to go in a landmark proxy battle, a Samsung firm is going all out to coax a legion of undeclared investors into backing an $8 billion merger with a sister company that is key to the future of the country’s biggest family-run […]

An employee stands in front of the Apple flagship store on 5th Avenue in New York April 22, 2015. Reuters/Brendan McDermid/Files WASHINGTON/SAN FRANCISCO U.S. government antitrust regulators are looking into claims about whether Apple’s treatment of rival streaming music apps is illegal under antitrust law, according to three industry sources. Apple recently launched a new music streaming service, Apple Music. It also provides the App Store platform […]

The Apple logo is seen at the flagship Apple retail store in San Francisco, California April 27, 2015. Reuters/Robert Galbraith Apple Inc (AAPL.O) has removed several civil war games featuring Confederate flags from its App Store, some game developers said. The flags and other symbols of the Confederacy have been at the centre of debate since a 21-year-old gunman, accused of killing nine black worshippers in last […]

San Francisco Nearly 20 percent of Apple Watch buyers are not only shelling out hundreds of dollars for the timepiece but are springing for a spare band too, giving the tech giant a profitable second dip into customers’ wallets, according to data provided exclusively to Reuters. The data from Slice Intelligence, a research firm that mines e-mail receipts, offers a rare window into the money-making potential of […]

The Apple logo is seen at the flagship Apple retail store in San Francisco, California April 27, 2015. Reuters/Robert Galbraith/Files Apple is planning to introduce its mobile payment system, Apple Pay, to Britain this summer, The Telegraph reported on Saturday, citing industry sources. Apple is expected to make the announcement on Monday in San Francisco at its annual conference for developers, the paper said. It quoted the […]

A worker adjusts the logo at the stand of Huawei at the CeBIT trade fair in Hanover March 15, 2015. Reuters/Morris Mac Matzen/Files BANGKOK China’s Huawei Technologies, the world’s No. 2 telecom equipment maker, expects total shipments of smartphones in southeast Asia to rise 160 percent to 8 million units in 2015, boosted by strong demand in Myanmar, it said on Thursday. In the first quarter, Huawei […]

A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei city, December 24, 2013. Reuters/Pichi Chuang/Files GUIYANG, China Taiwan’s Foxconn Technology, the world’s largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, Chairman Terry Gou said on Tuesday. The company could spend […]

About 6.6 babies die per 1,000 live births in Washington. Washington world’s most dangerous city for babies KAMPALA, 16 days ago Washington has the highest infant mortality rate of all the world’s richest capitals, according to a survey highlighting the failure of the world’s wealthiest country to prevent high rates of child deaths among its poorest citizens. Save the Children said in a study on Tuesday that […]

|By TAP Staff| Emaar Malls , the shopping malls and retail business majority-owned by global property developer Emaar Properties, records net profit of AED 433 million (US$ 118 million) during the first quarter (January to March) of 2015. This is 32 per cent higher than Q1 2014 net profit of AED 329 million (US$ 90 million). The revenue during Q1 2015 across all its mall and retail […]

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