Nearly three-quarters of all economic crime committed in the Middle East during the past two years was committed by company employees, according to PwC’s Global Economic Crime Survey. Survey results showed that despite the region’s efforts to combat economic crime, there has been no clear indication that levels in the Middle East or globally have decreased. Economic crime remains as tough to tackle as it’s ever been, […]
Since Ancient times, Visual Capitalist’s Jeff Desjardins explains, gold has served a very unique function in society. Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, […]
When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for “sustainable” ideals. The same message has been delivered to the maker of Kool-Aid drinks and Oscar Mayer hot dogs, with a flat rejection of a deal that would be […]
By Thomas Escritt | AMSTERDAM AMSTERDAM Geert Wilders kicks off his election campaign on Saturday, promising to ban Muslim immigration and close all the mosques in the Netherlands, hoping a global upsurge in populism will propel him to power. Security will be tight at the launch as the politician – who has lived in hiding since the 2004 murder by an Islamist of Dutch filmmaker Theo van […]
DUBAI // Robots from around the world have been submitted to the UAE Awards for Good to encourage youth to pursue science, technology, engineering and mathematics in ways they have not considered before. Forty drones and robots were selected from more than 1,300 submissions for a chance to win US$1 million. Although not in the running for the prize, Saif Al Hammadi, 16, was inspired by the […]
Ambitious dealmaking can spell pain for corporate bond investors. Unilever’s bondholders were offered a reminder of that on Friday as prices for the Anglo-Dutch consumer group’s debt fell after the company rejected a $143bn takeover approach from US rival Kraft Heinz. Bonds that were sold only last week by Unilever dropped, with half the €1.2bn issue sliding 2 per cent to 98.37 cents on the euro, leaving […]
Land Rover really started something when it rolled out the first Range Rover – now known simply as the “Classic” – in 1970. Bearing in mind that the existing all-terrainers at the time were slow, noisy, lumbering devices with all the grace of an elephant stomping through the jungle, the “Rangie” was a comparative gazelle. The Range Rover was no less off-road capable than its Toyota Land […]
Current economic conditions around the world provide a good foundation for growth. But unprecedented levels of market uncertainty mean that organizations have to be ready to change strategy faster than ever before. Growth around the world In the US, President Donald Trump has inherited an economy with strong fundamentals: low inflation, and the lowest unemployment rate since 2007. He has promised a pro-business economic agenda with lower […]
The borders between tradition and trend locked hands in a merry dance at the opening night of Abu Dhabi’s Barzakh Festival – much like the “two seas that meet but do not mix”, which the event’s name recalls. Over two evenings, The Arts Centre at NYU Abu Dhabi will welcome five acts from three continents, an all-star line-up likely to make any fan of “world music” swoon. […]
“Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism — even before tax plan rollout!” Donald Trump tweeted this week. It is a statement that goes beyond the president’s usual rhetoric. Indeed, Wall Street had a record-setting week that included the four key US stock benchmarks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the […]
Strata Manufacturing, the advanced composite aero-structures manufacturing company owned by Mubadala Development Company, has signed an agreement which will look at using 3D printing technology to create aircraft parts. The deal inked with India’s Reliance Defence Limited is part of plans to collaborate on advanced aerospace manufacturing capabilities between India and the UAE. The agreement continues to deepen the bilateral ties developed between the UAE and India […]
FRANKFURT German and U.S. defense groups Rheinmetall (RHMG.DE) and Raytheon (RTN.N) have signed a memorandum of understanding to cooperate globally on defense technology, they said in a joint statement on Friday. The partnership should bring together Raytheon’s market-leading position in air-defense systems and guided missiles with Rheinmetall’s expertise in combat and defense systems, army weapons and munitions, they said. (Reporting by Georgina Prodhan; Editing by Maria Sheahan) […]
Snapchat for Android is apparently set to become a lot better in the future, with some performance improvements coming next week and more upgrades slated for later this year. The move to bet more on Android is likely part of Snap‘s bid to drive user growth outside of the United States, and offering a quality Android app would be essential to this purpose. Snapchat Quality On Android […]
The Australian government has announced the signing of a treaty-level Science, Research, and Innovation Cooperation Agreement with the New Zealand government. As part of the agreement, Australia and New Zealand will work together to tackle chronic disease, advance general health care, and improve the accuracy and availability of GPS signals, said recently appointed Minister for Industry, Innovation and Science, Senator Arthur Sinodinos. “This is the first treaty […]
By Hyunjoo Jin and Joyce Lee | SEOUL SEOUL Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world’s biggest maker of smartphones and memory chips. The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul […]
Facebook co-founder Mark Zuckerberg mounted a broad defence of social media on Thursday, taking on growing concerns about his company’s contribution to everything from recruitment by terrorists to the spread of fake news. In a 5,700 word treatise posted on the social network, the 32-year-old founder also laid out ideas that could lead Facebook increasingly into new forms of social engineering, as it intervenes more directly to ensure […]
We are in an era of “Hyperscale companies” such as Amazon, Facebook, Google, Microsoft and Apple with limited opportunities for startups warns Sam Altman, head of Y Combinator, Silicon Valley’s influential investment group and educator. In his 2017 YC Annual Letter Altman wrote: “We’re now in the era of hyperscale technology companies…Companies like Amazon, Facebook, Google, Apple, and Microsoft have powerful advantages “ “I expect that they […]
Image: Relax VR The early promise of virtual reality (VR) was vast: We would be transported to new worlds and live in alternate realities. While scientists and programmers have been investigating the possibilities of VR since the 1960s, it’s only in the last few years that the technology started to gain mainstream traction, with VR applications spanning from education to real estate. Australian startup Relax VR is […]
SHANGHAI China’s Juneyao Airlines (603885.SS) has finalised a $1.32 billion order for five Boeing (BA.N) 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. The order represents the airline’s first Boeing order and its first for widebody aircraft, the companies said in a statement issued late on Thursday. Juneyao said last month was planning on five […]
Europe’s fish lovers are facing higher cod prices because of a prolonged fishing strike in Iceland and increased demand after the rising cost of salmon led shoppers to seek alternatives. Norwegian cod prices have risen almost 30 per cent from a year ago to €2 a kilogramme after a 45 per cent rise in salmon prices over the same period led consumers to look for cheaper substitutes. […]
Have you heard? Unlimited data plans are making a comeback! The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are emerging. Here are some of the most common ways IoT is deployed in the enterprise. This week’s trend was kicked off by Verizon announcing the return of its unlimited price plan, as an answer […]
Facebook CEO Mark Zuckerberg emphasized the importance of a “strong news industry” in his 5,000-plus word manifesto published this afternoon. Calling the news “critical to building an informed community,” Zuckerberg said Facebook will do more “to make sure this vital social function is sustainable.” “…From growing local news, to developing formats best suited to mobile devices, to improving the range of business models news organizations rely on,” […]
ABU DHABI // The UAE participated in a meeting of the Global Coalition to Counter ISIL, held on Thursday at the headquarters of the North Atlantic Treaty Organisation, NATO, in the Belgian capital, Brussels. The UAE delegation was headed by Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and included high-ranking Ministry officials and officers. Important issues discussed during the meeting included security challenges […]
Your daily guide to community and cultural activities across the Emirates for February 17, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Dubai Performance Get tickets for […]
