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Stock photo The price of Bitcoin plummeted after the US Securities and Exchange Commission (SEC) denied a request to bring Bitcoin to the financial market, highlighting how the value of the virtual currency can change within minutes. In February, the virtual currency’s value reached an all-time high of over $1,300 with investors taking a punt on rumors SEC would allow the first Bitcoin ETF. An exchange-traded fund […]

SEOUL Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 35 cents, or 0.68 percent, to its lowest since Nov. 30 at $51.02 per barrel by 0231 GMT. It closed the previous session down 1.6 percent at $51.37. U.S. West Texas Intermediate crude (WTI) CLc1 […]

In November of last year, Samsung announced that it was purchasing Harman International Industries for $112 per share, equivalent to around $8 billion. The company’s biggest ever acquisition, which was an uncharacteristic one for the South Korean conglomerate as it mostly preferred to develop its own technology or buy smaller startups, has now been completed after four months. Samsung Closes Harman Acquisition “Today is a historic moment for […]

Tim Berners-Lee, Web Foundation founder and the inventor of the world wide web, has published his take on what needs to be done to ensure the future of the web fulfils his vision of an equalising platform that benefits all of humanity, including tackling fake news, political advertisement, and data sovereignty. Marking 28 years since Berners-Lee submitted his original proposal for the world wide web, the now-53 […]

Government of Dubai Media Office – 12 March 2017 Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum today launched the Dubai Public Diplomacy and Communication Network at the Public Diplomacy and Government Communication Forum. The Network is a new initiative led by the Government of Dubai Media Office (GDMO) that creates a platform for communication officials in government and semi-government organisations, […]

Now that a little of the hype has disappeared from the release by WikiLeaks of allegedly more than 8,000 internal CIA documents, and the sorts of hacking the American spy agency was up to, what has changed in the world of security? Unlike the Snowden documents, which fundamentally shook the world of many people with and without an interest in the world of cybers, this cache offers […]

LONDON HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe’s biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signaled they will approve the appointment, one of the sources said, paving the way for Tucker to take up the role in the autumn. […]

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Doha, Qatar – 12th March 2017 Nakilat held its Annual General Meeting (AGM) for the financial year 2016 and Extraordinary General Meeting (EGM). During the AGM, Nakilat’s Board of Directors stated that the company achieved a net profit of QR 955 million compared to QR 984 million for the year 2015. The General Assembly reviewed and approved all its agenda. The Board of Directors stated that despite […]

When it comes to renewable energy in Saudi Arabia, there still remains more than a hint of scepticism. Multi-billion dollar plans have come and gone and the kingdom has made little progress developing renewable energy capabilities to harness its advantageous climatic conditions. In 2010, the King Abdullah Centre for Atomic and Renewable Energy (KA-Care) was established to develop the country’s renewable and nuclear capabilities, as the country […]

A regional dust storm currently swelling on Mars follows unusually closely on one that blossomed less than two weeks earlier and is now dissipating, as seen in daily global weather monitoring by NASA’s Mars Reconnaissance Orbiter. (via WSJ)

Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]

12 March 2017 Dubai, United Arab Emirates Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, in collaboration with INTERPOL, today released research on cybercriminal activity in West Africa, “Cybercrime in West Africa: Poised for an Underground Economy,” as part of its ongoing Cybercriminal Underground Economy Series (CUES). Scams targeting individuals and businesses have grown exponentially since 2013. West African cybercriminal activity is […]

David Davis urged Conservative MPs not to “tie the prime minister’s hands” over Britain’s departure from the EU as the Brexit secretary sought to head off an expected Commons rebellion on Monday. A handful of MPs are expected to make a last-ditch attempt to modify the government’s Brexit plans as the Article 50 bill is debated once again in the chamber. But they are unlikely to muster […]

12 March 2017 Dubai, UAE – The Emirates Academy of Hospitality Management (EAHM) and ALE, operating under the Alcatel-Lucent Enterprise brand, have announced a partnership to build a new technology education module. The two organizations have signed a memorandum of understanding to develop the module which is aimed at educating students at EAHM on technology and how IT plays an important role in the hospitality industry. The module will be a […]

Everspin has shipped over 60 million MRAM chips in the last eight years. So why haven’t you heard of them? MRAM is a different type of nonvolatile memory, with unlimited durability, good speed – 35nsec reads and writes – 20+ years of data durability, lower power consumption than flash, byte addressability, and the ability to endure extreme temperatures. It also costs much more than flash. As such […]

Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]

UK and Gulf scientists will be working together on eight cutting edge research projects, thanks to $3.4 million in UK government funding allocated to research projects in areas ranging from nanotechnology to cyber-security. The funding will strengthen scientific ties between the UK and the Gulf region in order to find solutions to shared global challenges, a statement said. The project is led by the Department for Business, […]

The United Nations’ special rapporteur on privacy has lambasted a spate of new surveillance laws across Europe and the US, saying that there is “little or no evidence” that mass monitoring of communications works. In a report published this week, Prof. Joseph Cannataci, the first privacy watchdog to take up the post, said he was neither convinced of the effectiveness or the proportionality “of some of the […]

It’s a tall order for a crime fiction author to stand out from the pack. Such is the popularity of the genre, it can be fiercely competitive. The British-Sudanese writer Jamal Mahjoub doesn’t run the risk of imitation, however. Written under the pseudonym Parker Bilal, his detective series is a truly original creation. It follows Makana, a Sudanese private investigator living in exile among the hustle and […]

Saudi women from adventurers to inventors are hoping a unique conference in Riyadh on Saturday will highlight their changing role and inspire younger women to push for new opportunities in the ultra-conservative kingdom. The event comes at a time when reforms are slowly changing women’s lives in one of the world’s most gender-segregated countries – where women live under the supervision of a male guardian and cannot […]

Her name is synonymous with delicate fragrances in luxury packaging; the very scent of aspiration. But Jo Malone spent years wondering if her sense of smell would ever find a new outlet, after selling her eponymous brand and walking away from the business – a decision she now says was “the biggest mistake” of her life. Yet after a lengthy hiatus in which she found her creative […]

This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of […]

Beyond the Net Journal: Armenia Chapter #3 Episode When Armenia declared independence in 1991, the Internet access finally became available, allowing people to be part of the world again. The creation of an Internet Availability Center in 2012 (funded by Internet Society’s grant) at the Culture House for the Blind in Yerevan, triggered creative ideas among active members of the center. They came to conclusion that an […]

11 March 2017 Kuwait – Kuwait Finance House (KFH) provides exclusive offers on 5 insurance policies for customers in collaboration with KFH-Takaful.  The offers encompass 6 customer segments; Awlwiya-Nukhba-Ruwaad-Tamayoz- Sundus and Rubban. This covers the Sanad, Youmnak and Supplementary insurance policies on comprehensive cars insurance, in addition to Sanad for medical insurance and the policy of travel insurance. The discounts reach up to 50% until end of […]

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