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Meraas showcases five residential zones at Dubai Design Week // OpenAI identifies 948 Linux privilege escalation flaws using AI // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Kochi police detain two actors over bid to honey trap doctor // Oil and chip shares retreat after Democratic victories // As AI Reshapes Education, Singapore Convenes Global Dialogue on the Future of Early Childhood Education // Cyberport Venture & Capital Forum 2026 Grand Opening // Pinarayi faults UDF over mounting road crashes // Ousted top Kochi cop gets IG post // Cloudflare unveils Zero Wire vulnerability intelligence service // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Utilities pursue ₹1,992 cr in unpaid bills // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Govt opposes Arlekar’s PSC action // Private varsities bill all set to face the axe // ADIA and partners establish $1.4 billion aviation venture // Middle East governments assess Iran war after US vote // Emirates Group records AED 4.1 billion half-year profit // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia //

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A programming error at Goldman Sachs Group Inc. caused unintended stock-option orders to flood American exchanges this morning, roiling markets and shaking confidence in electronic trading infrastructure. An internal system that Goldman Sachs uses to help prepare to meet market demand for equity options inadvertently produced orders with inaccurate price limits and sent them to exchanges, said a person familiar with the situation, who asked not to […]

New cable network Al Jazeera America introduced itself to viewers on Tuesday with reports on political strife in Egypt and the impact of climate change on U.S. cities, shortly after a major pay TV distributor declined to carry the channelThe decision by AT&T’s U-verse pay-TV service stemmed from a contract dispute over terms to carry the new network, AT&T spokesman Mark Siegel said. Al Jazeera responded by […]

India’s biggest stock-market swings in 16 months are poised to continue, boosting options prices as the prospect of reduced Federal Reserve stimulus spurs further weakness in the rupee, according to JPMorgan Chase & Co. The CNX Nifty index has retreated 10 percent during the past month and the gauge’s 30-day historical volatility reached 21.1 yesterday, the highest level since April 2012, according to data compiled by Bloomberg. […]

(Reuters) – A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the Justice Department is trying to use in cases against Wall Street banks. U.S. District Judge Jed Rakoff in Manhattan said Monday that a “straightforward application of the plain words” of the Financial Institutional Reform, Recovery and Enforcement Act (FIRREA) allowed the interpretation sought by the government. The law has a […]

Saxo Bank’ strategists expect the third quarter to be good for assets and believe Q3 could actually be a major pivot point, marking the end of excessively easy money and a turning point towards the slow withdrawal of QE. The “Godot” Saxo Bank is waiting for is the wake-up call – the reforms needed to get the global economy back on track. This quarter could see the […]

Earlier this week, security researcher Khalil Shreateh discovered a Facebook bug that allowed a hacker to post on anyone’s wall — even if they weren’t that person’s friend. While he was able to prove to Facebook that his bug was legit (despite an initial response that it wasn’t a bug at all), Facebook wasn’t too happy with the way he did it: by using the bug to […]

A.P. Moeller-Maersk, owner of the world’s biggest shipping line, said concern that emerging markets are losing their growth momentum is overdone. “The underlying story is very good,” Maersk Chief Executive Officer Nils Smedegaard Andersen said in an interview on Aug. 16. “Our expectation remains that the U.S. will be the key driver of growth, but we’re also relatively optimistic on emerging markets. There is growth potential, even […]

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(Reuters) – India’s currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising U.S. yields are making it harder for emerging nations to fund their current account deficits. The turbulence heightened investor caution ahead of Wednesday’s minutes of the Federal Reserve’s last policy meeting, with many fearing they might only add to the confusion about when it might scale […]

After inching up 0.15 percent last week, the U.S. Comex gold futures jumped 3.72 percent this week and ended at $1,361.10 on Thursday. During Asia Friday morning, the gold futures traded as high as $1,372. The Dollar Index retreated 0.72 percent in the past two days and was flat week-to-Thursday. The S&P 500 Index and the Euro Stoxx 50 Index fell 1.94 percent and 0.20 percent respectively […]

A small number of well-established insurers are reaping the benefits of the fast-growing insurance markets in the Gulf Cooperation Council (GCC) region, Standard & Poor’s Ratings Services said in a review. Meanwhile, inflated valuations and a reluctance to relinquish control are preventing smaller insurers from consolidating. In trying to avoid reporting losses, we believe revenue-starved insurers could distort market pricing for all. Insurance in the GCC region continues […]

Gold may extend a rally from a two-month high as an increase in demand from jewelry buyers in China and India helps counter a drop in assets under exchange-traded funds backed by bullion. Prices may rally to as much as $1,550 an ounce by the end of the year, said Jeffrey Rhodes, managing director of the financial institutions division of the Kaloti Jewellery Group, a Dubai-based gold […]

By David Kirkpatrick CAIRO — Gathering Thursday morning around a mosque used as a morgue for hundreds killed the day before, many Islamists waited confidently for a surge of sympathetic support from the broader public. But it failed to materialize. With their leaders jailed or silent, Islamists reeled in shock at the worst mass killing in Egypt’s modern history. By Thursday night, health officials had counted 638 […]

Small businesses are more prone to be attacked by cyber attacks, according to a  study. Many small businesses b server from inside their own networks, without much awareness about how to secure them properly. Their primary concerned is the daily running of their business, which makes insecure servers a prime target for cyber attacks. A recent case is a good example of how these attacks work. On […]

The total value of ongoing projects in the GCC region currently stands at $2.62 trillion, with the Kingdom accounting for $875 billion. The Kingdom’s strong construction market is being driven by government spending and high oil prices, according to a recent Global Investment House report. For 2013, the Kingdom budgeted $219 billion for spending, up by 18.8 percent, year-on-year, from 2012. Out of this, almost $76 billion […]

Reuters:  Saudi Arabia’s King Abdullah’s disdain for Iran leaps from U.S. embassy cables. “May God prevent us from falling victim to their evil,” he told U.S. officials, according to a cable released by WikiLeaks. According to another, he told his own diplomats he wanted Washington to “cut off the head of the snake”. On the other side of the Gulf, Iran’s contempt for Saudi Arabia crackles through […]

By Arif Sharif Aug 12 (Bloomberg) Abu Dhabi Islamic Bank PJSC (ADIB) plans to expand in North Africa as the lender controlled by the emirate’s ruling family seeks to access more-populous markets. The bank applied for licenses in Algeria and Libya and is considering Tunisia and Morocco, Chief Executive Officer Tirad Mahmoud, said in an Aug. 4 interview. Interest in Shariah-compliant banking has increased since 2011, when […]

By Asa Fitch As Dubai’s economy rebounds, the number of commercial disputes in one of its main courts appears to be waning, too. Perhaps taking a cue from rising real estate prices and an influx of tourists, lawyers say many people are trying to settle their differences and move on. The courts of the Dubai International Financial Centre, Dubai’s main financial free zone, have seen just nine […]

Two Gulf Arab borrowers have attracted heavy investor demand for international bond sales in the past two weeks, but higher yield premiums are prompting many other potential issuers in the region to seek alternative funding sources. In the case of Saudi Arabia, companies that might have issued bonds in the international market may now choose to issue in the country’s liquid riyal-denominated bond market. In May, a […]

The UAE’s commercial property sector is back into the reckoning with growing interest from global occupier and investment segments, according to the Royal Institution of Chartered Surveyors (Rics). In its new report, ‘Global Commercial Property Survey’, Rics said: “Further improvements in sentiment in both the occupier and investment segments of UAE real estate market show that the tone in the property industry is continuing to gain ground, […]

By Peter Schiff I’ve been emphasizing for months that the current correction in the gold price is a result of speculative money fleeing the market and not any reflection of gold’s long-term fundamentals. Unfortunately, there is so much money to be made (and lost) by day trading that my cautions have once again fallen on deaf ears. Well, it looks like the so-called “technicals” are starting to […]

DUBAI, Aug 7 (Reuters) – Two Gulf Arab borrowers have attracted heavy investor demand for international bond sales in the past two weeks, but higher yield premiums are prompting many other potential issuers in the region to seek alternative funding sources. U.S. dollar bond issuance in the Gulf, conventional and sukuk, stands at about $17.3 billion year-to-date, up from $11.4 billion in the same period a year […]

New York Times Co. (NYT), adding technology experience to its board to help with its shift to the Internet, named the Massachusetts Institute of Technology’s Joichi Ito and venture capitalist Brian McAndrews as directors. Ito, director of the media lab at MIT, and McAndrews, a partner with Madrona Venture Group, brings the board to 13 members, the New York-based company said today in a statement. Times Co. […]

NEW YORK (AP) — With new public stock offerings for guitar maker Fender and travel booking website Kayak on deck next week, there are signs demand is starting to grow for IPOs after a five-week freeze triggered by a steep decline in financial markets and exacerbated by Facebook’s rocky May 18 debut. Five companies are scheduled to go public next week alone, including Fender, Kayak and Palo […]

Another week, another warning from megabanker JPMorgan (JPM). Two months ago, as you probably recall, JP spooked stock market investors with news that it had managed to rack up $2 billion worth of losses, trading derivatives on European debt. Market capitalization was lost. CEOs were subpoenaed. Mea culpas were released … and life went on. Then last week we learned that the news from May was much […]

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Just in:
UK air traffic outage inflicted £33m financial losses // Anthropic to prohibit persistent abuse of Claude chatbot // Kochi police detain two actors over bid to honey trap doctor // OpenAI identifies 948 Linux privilege escalation flaws using AI // SC to examine students’ exam plea today // Utilities pursue ₹1,992 cr in unpaid bills // Ousted top Kochi cop gets IG post // Dubai boat show confirms international shipyard line-up for November // Cyberport Venture & Capital Forum 2026 Grand Opening // Hong Kong mandates crypto transaction disclosures to tax authorities // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Middle East governments assess Iran war after US vote // Private varsities bill all set to face the axe // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Pinarayi faults UDF over mounting road crashes // Meraas showcases five residential zones at Dubai Design Week // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Oil and chip shares retreat after Democratic victories // As AI Reshapes Education, Singapore Convenes Global Dialogue on the Future of Early Childhood Education // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia //