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Emirates Group records AED 4.1 billion half-year profit // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Oil advances towards $100 as tanker attacks persist // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Oil and chip shares retreat after Democratic victories // OpenAI abandons secrecy agreements for future data centres // OpenAI identifies 948 Linux privilege escalation flaws using AI // Dubai details five-year visa benefits for returning visitors // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Technology shares plunge as Nasdaq enters correction // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Dubai boat show confirms international shipyard line-up for November // Millions Of Indians May Soon Be Deprived Of Government Assistance // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // OpenAI introduces GPT-6 Cyber with restricted security access // Hong Kong mandates crypto transaction disclosures to tax authorities // Private varsities bill all set to face the axe //

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UAE. Landmark real estate regulatory changes including the UAE-wide Federal Mortgage Cap and Dubai’s doubling of Property Registration Fees last year, which was aimed at curbing speculative activity, have together gradually and successfully contained a market that was in danger of overheating with the level of transactional activity now dramatically reduced, according to latest research released by international real estate consultancy Cluttons.   Cluttons Spring 2015 Dubai Residential […]

NEW YORK Billionaire activist investor Carl Icahn said Thursday that mutual funds will increasingly realise that being underweight shares of Apple (AAPL.O) will hurt their performance as the technology giant continues to innovate. “They are underweight Apple in relation to the index funds, and I think more and more of these funds will realise that’s going to hurt their performance in the future as Apple continues to […]

By PETER BAKER May 21, 2015 WASHINGTON — President Obama denied that the United States and its allies were losing the fight against Islamic State forces in the Middle East, but he acknowledged in an interview posted online on Thursday that more should be done to help Iraqis recapture lost territory. While repeating his refusal to commit large-scale American forces to the region, the president said Sunni fighters in […]

MOSCOW/FRANKFURT Russia’s media watchdog has written to Google, Twitter and Facebook warning them against violating Russian Internet laws and a spokesman said on Thursday they risk being blocked if they do not comply with the rules. Roskomnadzor said it had sent letters this week to the three U.S.-based Internet firms asking them to comply with Internet laws which critics of President Vladimir Putin have decried as censorship.  […]

Sepp Blatter, the FIFA president, center, with Ofer Eini, head of the Israeli soccer association, left, in Jerusalem on Tuesday. By JODI RUDOREN May 19, 2015 RAMALLAH, West Bank — The Palestinian grievances against Israel are familiar ones: hampering travel, blocking import of equipment, rampant racism and the treatment of settlements in the occupied West Bank. The Israeli response is also a repeat: security concerns, mostly. But this round […]

There’s a big problem with the security questions often used to help people log into Web sites, or remember or access lost passwords — questions with answers that are easy to remember are also easy for hackers to guess. That’s the key finding of a study that Google recently presented at the International World Wide Web Conference in Florence, Italy. Google said it analyzed hundreds of millions […]

Is it permissible to give charity to non-Muslims? In a broad sense, the concept of charity in Islam is for whomever is needy and poor. This is because Islam is a universal religion, in accordance with the nature of its Final Prophet, who was sent as a mercy to “all the worlds”. Thus charity, in a general sense, can be given to anyone in need. In a […]

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|By TAP Staff| Oil is poised to slump to $45 US a barrel by October as a surplus of crude and producers’ easy access to cash weigh on the market, according to Goldman Sachs Group Inc. A recovery in prices to near $60 a barrel from a six-year low in March is premature, analysts including Jeffrey Currie said in an e-mailed report dated May 18. The availability […]

Photo Leah Pfeiffer, left, a student at the Culinary Institute of America, and Chuck Yu, a West Point cadet, cooking in a C.I.A. kitchen in October 2013.Credit Mike Groll for The New York Times We are hard pressed to think of many world-class liberal arts colleges with entire student bodies ambitiously studying and training toward a single profession – and in uniforms that are far from Vassar’s […]

|TAP Special| Citibank has lost a key decision in its defense of a lawsuit in Abu Dhabi accusing the bank of self-dealing, defrauding investors, and attempting to cover-up investor losses. The Abu Dhabi Commercial Court of First Instance on April 14, 2015 determined the lawsuit should proceed and ordered the appointment of a Committee of Experts to review evidence and determine Citibank’s culpability. The Court’s decision is […]

The two main stock exchanges in the United Arab Emirates are trying to attract market makers but some industry professionals say Abu Dhabi is offering more generous financial terms and more liberal rules than Dubai, suggesting it may have more success. Market makers stand ready to buy and sell stocks at all times, improving liquidity on an exchange – something which may be increasingly important as Abu […]

Dubai’s drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against burgeoning competition. In 2013, Dubai’s government announced plans to turn the emirate into a centre for an “Islamic economy” with sharia-compliant businesses ranging from banking to asset management, trade, food preparation and certification, fashion, education and tourism. This looked like […]

|By TAP Staff| Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 30.72 million barrels per day (b/d) in March, up 800,000 b/d from February, and the highest monthly volume since November 2012, according to the latest Platts survey of OPEC and oil industry officials and analysts.  In November 2012, OPEC output was estimated at 31.08 million b/d. Saudi Arabia boosted production by 280,000 […]

The specter of an atomic arms race in the world’s most volatile region has heightened the stakes in Iran’s nuclear talks after Saudi Arabia’s repeated hints it would seek its own atomic weapons if Tehran ever did the same. Riyadh’s unprecedented action in assembling a coalition of other Sunni Muslim countries to bomb Tehran’s Houthi allies in Yemen this week has shown how seriously it takes the […]

India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of a round of purchases by the world’s fourth-biggest oil consumer to build up emergency stockpiles. Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus. The sources said […]

Iraqi security forces in Tikrit, Iraq, on Monday. By ROD NORDLAND March 30, 2015 TIKRIT, Iraq — Secretary General Ban Ki-moon of the United Nations used a visit to Baghdad on Monday to warn the Iraqi government to treat civilians decently after it liberates territories like Tikrit, where a government offensive has been supported by heavy American-led airstrikes for the past five days. “Civilians freed from the brutality of […]

QATAR. Notwithstanding the weak start for the global economy, Asian economies are expected to continue to grow rapidly in 2015. We expect economic growth to average 5.7% in 2015, the same rate as in 2014. However this masks significant differences across Asian countries that mainly depend on their exposure to global headwinds. India and Myanmar stand out as bright spots for 2015, while China, Indonesia, Malaysia and […]

|By Shakir Noori| The images captured by mobile cameras flicker across the television screen, much in the manner of old Hollywood wild-west movies. The blue waves of the Mediterranean turn crimson with the blood of Egyptian workers in Libya, transforming the small screen into an inferno of bloody rivulets. And yet again, as I sit a spectator to Daesh’s (self-proclaimed Islamic State of Iraq and the Levant) […]

DOHA, 23 hours, 10 minutes ago Kuwait’s real gross domestic product (GDP) has been projected to slow this year as the government cuts subsidies before recovering in the next two year as major development projects get underway, according to a report. QNB Group’s ‘Kuwait Economic Insight 2015,’ examined recent developments and the outlook for Kuwait’s economy. Kuwait is well placed to withstand lower international oil prices with […]

As OPEC ‘s refusal to curb oil production contributes to a nine-month plunge in prices, a new paper suggests the group’s days may be numbered. OPEC, the Organization of the Petroleum Exporting Countries, has vowed to defend its market share against higher-cost producers such as U.S. shale drillers and companies developing Canada’s oil sands.  Its strategy hinges on the odds that an extended period of low prices will lead other producers to […]

Traders who have been storing oil since the start of the year are selling some supplies back into the market, completing a trade-play that made oil storage profitable, and re-injecting fuel into an already oversupplied market. The selling signals a winding down of a strategy that has seen at least 50 million barrels of oil stored in tankers, equivalent to about one month’s consumption in Britain, although […]

The proposal by Dubai Municipality to introduce mandatory affordable housing quotas for all new residential developments in Dubai is long overdue and is expected to bring a wide range of benefits to the emirate, while driving further maturity in the market, according to leading international real estate consultants, Cluttons. With the residential market in Dubai now meandering through the second half of the current property cycle and […]

The BBC’s headquarters in London Photo: AP The BBC’s director-general, Tony Hall, is a man in a hurry. As one of the oldest DGs to be appointed, and already in receipt of his BBC pension, the 64-year-old is acutely aware that the corporation’s charter has less than two years to run, and that the licence fee – the BBC’s bedrock for the 93 years of its existence – […]

Doha’s Khalifa International Stadium.Image: Qatar 2022 Supreme Committee November/December ‘the best World Cup option’ LONDON, 4 days ago By Mike Collett The Fifa Task Force set up to recommend the best time of year to stage the 2022 World Cup in Qatar were always in an impossible position, from the moment they sat down to consider the options. But Tuesday’s recommendation to stage it over November and […]

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Just in:
UK air traffic outage inflicted £33m financial losses // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // OpenAI abandons secrecy agreements for future data centres // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // OpenAI identifies 948 Linux privilege escalation flaws using AI // Technology shares plunge as Nasdaq enters correction // Meraas showcases five residential zones at Dubai Design Week // 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” // OpenAI introduces GPT-6 Cyber with restricted security access // TVM –Mangaluru Vande Bharat claims top spot // Dubai details five-year visa benefits for returning visitors // Millions Of Indians May Soon Be Deprived Of Government Assistance // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Kochi police detain two actors over bid to honey trap doctor // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Private varsities bill all set to face the axe // APT29-linked campaign exploits outdated Apple and Android software //