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Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Middle East governments assess Iran war after US vote // DIP Holding targets Dh1.12 IPO price and $529m proceeds // Vance attributes Republican midterm defeats to Iran conflict // Cyberport Venture & Capital Forum 2026 Grand Opening // ADIA and partners establish $1.4 billion aviation venture // Govt opposes Arlekar’s PSC action // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // CPI, CPM dispute portrayal of Vayalar uprising leaders // As AI Reshapes Education, Singapore Convenes Global Dialogue on the Future of Early Childhood Education // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // xCube Access Welcomes Entrust Capital Limited  Expanding Access to Professional Portfolio Management // Utilities pursue ₹1,992 cr in unpaid bills // SC to examine students’ exam plea today // AI trust gap reveals distinct retail priorities: Divergent paths to consumer growth in Hong Kong and the GBA // ADIA and partners establish $1.4 billion aviation venture // XRG secures agreement for $1.45bn Australian LNG stake // Democrats capture Senate majority with seven Republican seats //

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INTERNATIONAL. The first Barclays UK Prosperity Map has revealed that booming house prices and returns in equity markets, in addition to higher wages and employment rates have resulted in every UK region becoming more affluent, and has driven a 41% increase in numbers of millionaires since 2010. Longer-term, growth in millionaires is expected to return to more normal levels, with a 9% increase in the UK expected […]

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez SAN FRANCISCO Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for […]

UAE. The second quarter 2015 real estate report issued by leading local consulting firm ValuStrat – has shown a steady decline in property values since the peak last year. However, the rate of decline is easing and is expected to continue to decelerate over the remainder of the year. The Residential VPI (ValuStrat Price Index), which is a 100 point index that started tracking residential values since […]

Customers stand beneath an Apple logo at the Apple store in Grand Central station in New York City, July 21, 2015. Reuters/Mike Segar/Files SAN FRANCISCO Apple Inc on Thursday invited journalists to a Sept. 9 event, where it is expected to unveil new iPhones and potentially a new version of its Apple TV set-top box. The email invitation includes a colorful Apple logo with the sentence “Hey […]

ABU DHABI // A company’s success lies in its diversity, the chief of Xerox told an audience at the Crown Pince’s Court ahead of Emirati Women’s Day. It is crucial for society to remove obstacles in the workforce that impede women, said Ursula Burns, chairman and CEO of Xerox. “Diversity is a driver of innovation. Gender, race and background give an eye to the world. Organisations succeed […]

UAE. The MENA Region is all set to become a global logistics hub in the next few years, an Al Masah Capital Limited Report on “Transportation & Logistics in MENA” has revealed, which experts believe will be driven by the emergence of the MENA-Asia trade corridor that will redefine global supply chains. Notably in 2013, India and China ranked as top merchandise export and import destinations for MENA […]

UAE. Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to the to the Global Economic Conditions Survey (GECS) organised by ACCA (the Association of Chartered Certified Accountants and IMA (the Institute of Management Accountants). The slight optimism was due to a temporary reprieve in […]

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ABU DHABI // Women who have overcome prejudice to pursue successful careers in the aviation industry have spoken of the challenges they faced. The Etihad Airways event, organised ahead of Emirati Women’s Day on Friday, heard from a panel of women who work for the company. The airline employs 1,269 female Emiratis, who make up 49 per cent of Emiratis in the company and 37 per cent […]

UAE. Generation Y, otherwise known as the Millennials, are a very appealing pack of consumers to advertisers for two reasons: They are happily spending their disposable income now that they have entered full-time work and they have unprecedented influential power. Millennials are very active on their social channels and it is their voice that is becoming the primary source of information on products and services. In the […]

News Analysis By DAVID E. SANGER August 21, 2015 To the most strident opponents of President Obama’s nuclear deal with Iran, the suspicious behavior at a military base about 12 miles southeast of Tehran has become a rallying call to defeat the accord, especially as it now appears that Iranian officials may be allowed to take their own environmental samples at the site and turn them over to inspectors. It […]

Customers stand beneath an Apple logo at the Apple store in Grand Central station in New York City, July 21, 2015. Reuters/Mike Segar DETROIT/SAN FRANCISCO Consumer electronics company Apple Inc (AAPL.O) has hired a senior engineer from electric car maker Tesla Motors Inc (TSLA.O), according to a LinkedIn posting, as part of Apple’s effort to build a team of experts in automated driving. A LinkedIn profile for […]

People gathered near the site of a bomb blast on the outskirts of Cairo on Friday. A study found that public turmoil, war and other crises can be associated with declining air pollution in the Middle East. By JOHN SCHWARTZ August 21, 2015 Civil unrest and humanitarian crises can now be detected from space — because of, somewhat surprisingly, cleaner air. A paper published on Friday in the journal […]

FRANKFURT Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established education firms and setting the pace for how to make lessons more engaging. Phone and tablet-based mobile products from newcomers like Germany’s Babbel, Britain’s Memrise and U.S.-based Duolingo have overtaken names like Berlitz and computer self-learning pioneer Rosetta Stone (RST.N) in terms of […]

TORONTO Emails sent by the founder of infidelity website AshleyMadison.com appear to have been exposed in a second, larger release of data stolen from its parent company, cyber security experts confirmed on Thursday. The data dump by hackers who have attacked the site appears to include email messages linked to Noel Biderman, founder and chief executive officer of its Toronto-based parent company Avid Life Media. In a […]

LEBANON.  Byblos Bank issued today, in cooperation with the Olayan School of Business at the American University of Beirut, the results of the Byblos Bank/AUB Consumer Confidence Index for the first half of 2015. The results show that the Byblos Bank/AUB Consumer Confidence Index declined marginally in January and February, grew in March, regressed in April, and slightly improved in May and June 2015. Further, the Index […]

INTERNATIONAL. Global investors have shifted their attention from Greece to China amid continued concern of a Chinese recession, according to the BofA Merrill Lynch Fund Manager Survey for August. Respondents are scaling back their expectations for economic growth.  ·         China recession is now rated the number one “tail risk” by 52 percent of panel. ·         Fifty-three percent of investors say the global economy will strengthen in coming […]

DUBAI // Drivers are sharing cars, using public transport and even moving house in response to this month’s increase in petrol prices, a survey suggests. Nearly one in five would consider car pooling or using school buses, and nearly a quarter would use public transport more often. One in five intend to reduce their commute by moving to a home closer to work or to public transport […]

On opening day of the 2015 Intel Developer Forum in San Francisco yesterday, company CEO Brian Krzanich (pictured) gave attendees a look at a prototype smartphone integrated with an Intel RealSense 3D camera. The camera would be contained in a Google Project Tango smartphone. Holding up the prototype phone, about the size of an average Android smartphone, Krzanich said the device would “breaks the limits of what […]

Amnesty International issued a scathing report Tuesday on the Yemen conflict, accusing all armed antagonists there of complicity in war crimes, including indiscriminate attacks on civilians. The report, “Nowhere Safe for Civilians,” called on the United Nations to establish a panel of inquiry to “independently and impartially investigate alleged war crimes committed during the conflict.” Donatella Rovera, a senior researcher for Amnesty who has worked in many […]

WASHINGTON — Senator Robert Menendez, Democrat of New Jersey, said on Tuesday that he would vote against the nuclear accord with Iran. “At the end of the day, what we appear to have is a rollback of sanctions and Iran only limiting its capability, but not dismantling it or rolling it back,” Mr. Menendez said, according to prepared remarks of a speech he delivered at Seton Hall […]

Listening to music before, during and after surgery reduces patients’ pain, eases anxiety and lessens the need for painkillers, British scientists said on Thursday. After reviewing evidence from around 7,000 patients, the scientists said people going for surgery should be allowed to choose the music they’d like to hear to maximise the benefit. But they also warned that the music should not interfere with the medical team’s […]

Tech giant Oracle just rolled out new functions to its Service Cloud and Social Cloud. The new bells and whistles aim to help organizations serve up better customer experiences and make data-based business decisions. Specifically, the new social features promise to help brands increase social engagement and mine business insights through a new community self-service solution, as well as beefed up social service and incident routing. Oracle […]

KUWAIT. On Aug. 14, 2015, Standard & Poor’s Ratings Services affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Kuwait. The outlook is stable. RATIONALEPrices for crude oil have fallen by around 50% in the last year. We now forecast an average Brent oil price of $55/bbl in 2015 and $67.5/bbl in 2015-2018. The sharp fall in oil prices over the past […]

ABU DHABI // Indian prime minister Narendra Modi’s visit was documented across social media, including a selfie, reflecting a sign of the times. Mr Modi posted a selfie on Twitter posing with Sheikh Nahyan bin Mubarak, Minister of Culture, Youth and Community Development, and Dr Anwar Gargash, Minister of State for Foreign Affairs, at the Sheikh Zayed Grand Mosque in the capital. Dr Gargash retweeted the prime […]

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Just in:
mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // Middle East governments assess Iran war after US vote // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // ADIA and partners establish $1.4 billion aviation venture // Vance attributes Republican midterm defeats to Iran conflict // Burying Head In “India Made Poverty Reduction” Data Is Dangerous // Anthropic to prohibit persistent abuse of Claude chatbot // CPI, CPM dispute portrayal of Vayalar uprising leaders // ADIPEC leaders urge investment in global energy networks // DIP Holding targets Dh1.12 IPO price and $529m proceeds // Govt opposes Arlekar’s PSC action // Democrats secure Senate majority after Republican election losses // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // AI trust gap reveals distinct retail priorities: Divergent paths to consumer growth in Hong Kong and the GBA // As AI Reshapes Education, Singapore Convenes Global Dialogue on the Future of Early Childhood Education // BJP’s Aggressive Response Exposes Anxiety Over Opposition Unity // xCube Access Welcomes Entrust Capital Limited  Expanding Access to Professional Portfolio Management // Democrats capture Senate majority with seven Republican seats // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // ADIA and partners establish $1.4 billion aviation venture //