BlackBerry Ltd plans to launch a new tool for business and government customers to manage mobile devices on their networks, part of a drive by the one-time smartphone pioneer to focus on its profitable enterprise or services business. The company said on Tuesday it would launch BlackBerry Enterprise Service 12, or BES12, to unify its existing platforms and provide clients with increased flexibility and security. Following a […]
|By Kalyani Shankar| With the arrival of the AAP party chief Arvind Kejriwal in the national scene, after he quit his post as Delhi chief minister, the ensuing Lok Sabha elections seem to be interesting with one more player added to the confusing poll scene. The AAP is planning to contest more than 350 of the 542 seats. Don’t think Kejrwal is acting impulsively. He has taken […]
Arvind-Kejriwal who pledged to root out corruption after steering to power in Delhi, was a man in a hurry and set a scorching pace to try to fulfil his anti-graft legislative agenda but his tumultous journey as Chief Minister ended in seven weeks. As the controversy over the Jan-Lokpal-Bill deepened with Lt Governor Najeeb advising the Delhi-Assembly Speaker against allowing its tabling and Congress and BJP opposing […]
Bahrain-based investment management firm Arcapita announced the signing of an agreement to sell Varel International Energy Services, Inc. (Varel), a leading manufacturer of drill bits for the oil and gas, and mining and industrial industries, to Sweden-based Sandvik AB for a total transaction value of approximately $740 million. The closing of the transaction is subject to standard regulatory approvals and certain environmental due diligence. It is likely […]
Karl Slym, managing director of Tata Motors Ltd, died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide. Slym, 51, had attended a board meeting of Tata’s Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on […]
A third of voters want Hindu nationalist Narendra Modi to be their next prime minister, placing him well ahead of his rivals in general elections due by May, according to the latest in a series of opinion polls that show rising support for the opposition candidate. The survey, conducted by pollsters CSDS for the CNN-IBN television channel, also forecast that Modi’s Bharatiya Janata Party (BJP) would win […]
The long-term future of fields that produce about half Abu Dhabi’s oil remains unclear with only one day of a 75-year partnership with western oil companies left to run. Some of the world’s largest energy companies – ExxonMobil , Royal Dutch Shell, Total and BP – have been pumping crude from the Abu Dhabi desert for decades, taking payment in oil. From midnight on Friday, the 9.5 […]
Shuaa Capital, the Dubai-based investment bank, said its chief executive officer Colin Macdonald will be leaving the group upon expiry of his contract on Tuesday. The company did not name a replacement for Macdonald. Shuaa’s Chief Financial Officer Houssem Ben Haj Amor has been appointed as general manager, the firm said in a statement on Dubai’s bourse. The company also announced the appointment of Karim Schoeib as […]
A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown. While praised by the Republican leadership of the U.S. House of Representatives, including Speaker John Boehner and Majority Leader Eric Cantor, the agreement faces a challenge from some House conservatives […]
The United States on Friday congratulated the United Arab Emirates on landing the 2020 World Expo trade exhibition — the first time that a Middle Eastern nation will host the event. The UAE on Thursday won its bid to host the six-month event in Dubai, beating out Russia, Brazil and Turkey. “This is a significant first as the UAE serves not only as the region’s business hub, […]
When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating tussle among cities for Islamic financial business. London has long been the default center for international firms to issue sharia-compliant bonds, part of a fast-growing Islamic finance sector that will be worth […]
The Federal Reserve is expected to maintain its massive bond-buying campaign when it concludes a two-day meeting on Wednesday and may point to softer readings on the U.S. economy to signal that the policy will be extended into 2014. The central bank, which will announce its policy decision at 2 p.m., has held interest rates near zero since late 2008 and has quadrupled the size of its […]
Today hospitals and health systems worldwide are facing a plethora of challenges; these include aging populations, evolving disease profiles, increasing demand by patients for quality care, mounting cost pressures and an uneven distribution of expert resources. In addition, healthcare delivery is shifting from a focus on specific health episodes to a continuum approach, with a greater emphasis on education and prevention. Luckily, however, technology may hold the […]
Arcapita Bank B.S.C. announced the sale of 3PD Holding, Inc, a leading last-mile logistics company in the United States and Canada, for $365 million. 3PD was acquired by XPO Logistics Inc. (NYSE: XPO), one of the fastest growing transportation logistics companies serving North America. Arcapita acquired a majority stake in 3PD in 2006 as a growth asset that offered significant opportunity due to the fragmented and growing […]
Social media platforms allow customer networks to be bigger, faster and better organized. They increase the downside of getting service wrong and the upside of getting it right. The effects are both direct and indirect. Zappos generates so much buzz with its fantastic service experience that the company can spend significantly less on marketing than its rivals. This virtuous service cycle spins faster because we get to […]
In The Performance Pipeline author Stephen Drotter describes a pipeline model that helps leaders at all levels address four leadership imperatives. The Performance Pipeline model focuses attention on each layer’s results and on the interconnectedness of the layers. Leaders at every level need to think more broadly, find new methods, provide greater clarity, and enable sharper focus. These must become the guiding ideas for leaders at all […]
