Emaar Malls Group jumps 20pc on listing DUBAI, 1 days ago Shares in Dubai’s Emaar Malls Group (EMG) jumped in early trade on Thursday as the stock started trading on Dubai’s main stock exchange and drained liquidity from the rest of the emirate’s market. EMG shares, which were sold at Dh2.90 in the heavily oversubscribed $1.6 billion initial public offer, rose 13.8 per cent to Dh3.30 after […]
|By K Raveendran| The run-away success of Alibaba’s blockbuster IPO is seen inspiring other online players to take similar routes. Among the probable candidates is leading online trading and investment entity Saxo Bank. “The IPO is one of the options the management has under consideration,” Jakob Beck Thomsen, CEO of Saxo Bank Dubai, told The Arabian Post. But he refused to commit himself on a specific time […]
|By TAP Staff| DIFC-based Henyep Investment Bank announced the addition of a large selection of international stocks, into its product list. Clients looking to invest in stocks of companies listed in matured equity markets like the US, UK and Hong Kong will now be able to trade over 100 international stocks, according to a release. Equity markets are riding a wave of renewed investor confidence due to […]
By Nantoo Banerjee Barely hours after Pakistan Prime Minister Nawaj Sharif harped before the world audience on its over-six-decade-old position, long discarded by India as ‘unacceptable’ and held ‘impractical’ by most nations deeply interested in peace in the region, that Kashmiris be allowed the right to ‘self-determination’ to decide whether or not to remain part of India, visiting Indian private channels were rushing to Pakistan’s National Security […]
Cisco is adding some muscle and money to its Intercloud skeleton, signing over 30 new partners to its worldwide network of interconnected clouds. The new alliances add 250 data centers in 50 countries to Intercloud. Cisco Capital,a wholly owned subsidiary of Cisco, has also earmarked $1 billion in financing to the effort, providing the money so Cisco customers and partners can more quickly adopt the Cisco technologies […]
In a move to tap into the vast opportunities in China’s technology industry, Intel plans to invest as much as $1.5 billion for a minority stake in a holding company there. Intel is acquiring 20 percent of a Tsinghua Holdings operating subsidiary to execute its mission. Tsinghua is a solely state-owned limited liability corporation funded by Tsinghua University in China. By partnering with Tsinghua, Intel aims to […]
Brocade unveils Vyatta SDN controller DUBAI, 21 hours, 28 minutes ago Brocade, an American technology company specialising in data and storage networking products, recently introduced the Brocade Vyatta Controller as part of the company’s strategy that delivers an open and modular networking platform for cloud service providers. The Software-defined networking (SDN) controller from Brocade that is scheduled for general availability in November this year is a key […]
Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]
|By TAP Staff| The United Arab Emirates’ stock exchange plans to offer a trading platform for shares in private joint-stock companies so that they can raise capital with less disclosure of corporate information than publicly listed firms. Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said that trading would begin over the next few months on a special platform set up inside the country’s existing stock exchanges, state […]
Payment transaction using Fawry Egypt’s Fawry launches new payment platform CAIRO, 1 days ago Fawry, Egypt’s leading nationwide Electronic Bill Presentment and Payment (EBPP) platform, has announced the launch of a new payment service that will enable customers to directly pay their traffic fines via the Fawry network of payment channels. The new service, which is made possible by an agreement signed with the Public Prosecution, marks […]
Consumer tech firm Logitech is bringing its universal remote talents to the home control market with new home automation compatibility and a quartet of new products. Dubbed the Harmony Living Home lineup, the company is promising easy access and control over a library of both entertainment and home automation devices — all from one central control system. Harmony Living Home lets you use your remote, tablet or […]
In a move to beef up its Intercloud strategy, Cisco is acquiring a privately-held company called Metacloud. The firm deploys and operates private clouds for global organizations with an OpenStack-as-a-service model. Metacloud’s model stands out in the industry because it both delivers and remotely operates production-ready private clouds in a customer’s data center. Cisco figures the platform will accelerate its strategy to build the world’s largest Intercloud. […]
As PayPal girds up to go after a big new rival in the online payment arena, it’s doing so by taking shots at that competitor’s security track record. Not long after Apple unveiled Apple Pay, its new contactless payment system, PayPal took out a newspaper advertisement slamming the new service. Apple Pay, suggests the ad, is no more safe than a selfie in the iCloud, making reference […]
A new solid state drive (SSD) from Micron Technology promises to be the company’s highest performing drive to date. The M600 SATA SSD, shown here, will boast improved power efficiency, better performance, and increased durability and lifespan. The drive also comes with 256-bit hardware encryption and will be available with capacities ranging from 128 GB to 1 TB. The new drive is being positioned on the high-end […]
Microsoft has developed a new keyboard that works with a variety of operating systems. In addition to Microsoft’s own desktop OS Windows, the “universal” keyboard will also be compatible with the iOS and Android mobile operating systems by Apple and Google. Ironically, about the only device it will not work with is a Windows phone. The Redmond, Washington-based company is promoting the peripheral’s ability to connect with […]
While it’s only a year-and-a-half old, Docker appears poised for big things in the world of distributed applications, and the company just scored $40 million in new funding to prove it. The San Francisco-based startup raised the series C funding with the help of Sequoia Capital, just nine months after it closed $15 million in funding led by Greylock Partners. Since launching in March 2013, Docker has […]
Mojang, the small Swedish firm behind the wildly popular video game Minecraft, is being acquired by Microsoft for $2.5 billion. The sale is set to be closed late this year, with the acquisition expected to be break-even in fiscal year 2015. One of Mojang’s founders, Markus Persson — known as “Notch” — said in a post on his personal blog on Monday that he would be leaving […]
By Nivedita Bhattacharjee and Tommy Wilkes NEW DELHI/MUMBAI Mon Sep 15, 2014 6:12pm IST 1 of 4. Visitors look at Android One Based mobiles after its launch in New Delhi September 15, 2014. Credit: Reuters/Anindito Mukherjee NEW DELHI/MUMBAI (Reuters) – Google Inc(GOOGL.O) launched in India on Monday a $105 smartphone, the first device from its “Android One” initiative which is aimed at boosting sales in key emerging […]
|By TAP Staff| Just over a year ago, China’s Xiaomi was little more than a mid-sized smartphone-maker with an odd name (Xiaomi means “millet”), trailing household brands such as Samsung, Lenovo, Coolpad and others. During the first six months of 2014, however, this four-year old company sold 26m smartphones, propelling it to pole position in the Chinese market. Next year, Lei Jun, its founder and CEO, expects […]
Verizon plans to launch an “over-the-top” digital video broadcasting service by the middle of 2015, CEO Lowell McAdam said Thursday. Speaking at Goldman Sachs’ Communacopia conference, McAdam said the service would deliver video content to wireless devices on an a la carte basis. “No one wants to have 300 channels on your wireless device,” McAdam said, according to a transcript of the talk published on the investment […]
Google has kicked off yet another program aimed at helping to develop the next big thing in tech: Google Cloud Platform for Startups. The program offers early-stage tech companies $100,000 in credit for Google’s Cloud Platform services, along with 24/7 support and technical architecture review help from Google’s engineers. The new offering was announced Friday by Urs Hölzle, Google Fellow and senior vice president of technical infrastructure, […]
By K Raveendran at CeBIT Eurasia, Istanbul Turkey’s Aktif Bank has no branches. In fact, in 2007, when the bank embarked on its journey, it did not even have a signboard. But today, the bank has one of the country’s fastest growing customer bases and every man on the street is its potential customer. Modelled as a ‘shop in shop’, its products and services are sold by […]
By K Raveendran at CeBit Eurasia, Istanbul Deutsche Messe, organisers of CeBIT technology shows and global conferences, is keenly watching the success of Dubai’s Gitex but is for the present content with carrying on with CeBIT Eurasia Turkey as the regional edition, although the leading global technology show organizer considers Dubai as a most desirable venue. Deuteche Messe apparently believes that Gitex is such a strong contender […]
Global retail revenue from smart wearable devices will triple in volume by 2016 before eventually reaching $53.2 billion in sales by 2019, according to Juniper Research. The findings were published in a new report, “Smart Wearable Devices: Fitness, Glasses, Watches, Multimedia, Clothing, Jewelry, Healthcare & Enterprise 2014-2019.” The report maintains that the recent entry of key industry players within the wearables sector — such as Apple, which […]
