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Under the patronage of Prime Minister and Minister of the Interior, His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, QDB will officially open 2nd Government Procurement & Contracting Conference and Exhibition – Moushtarayat 2017 – to the public from 6 to 8 April 2017 The expo is held in partnership with the Ministry of Finance (MoF) National Procurement Awards to recognize big buyers that have contributed […]

The Uber executive accused of stealing trade secrets from his former employer, Alphabet, was allegedly involved in a competing start-up while he employed there, a company that eventually became part of Uber. The revelation is the latest in a high-stakes legal battle between Alphabet and Uber, which are both competing to master self-driving car technology so that they offer driverless transportation fleets. The lawsuit brought by Alphabet’s […]

When we first wrote about Chowbotics, their salad-making robot, which was then just a prototype, stirred a bit of controversy. The company promises to bring nutritious dining options to offices that don’t have a big cafeteria and budget to employ full-time chefs. But, like other food automation technologies, their robot, Sally, threatens to put a number of people out of work if it replaces prep cooks in restaurants. […]

People who use or trade personal information obtained illegally can now be charged with an offence even if they did not perform the hacking to retrieve the data, after changes to cyber security laws were passed yesterday. In amending the Computer Misuse and Cybersecurity Act, the Government is moving to keep pace with the evolving nature of cybercrime and criminal acts that target computer systems. Besides criminalising […]

Tesla, the upstart electric carmaker, surpassed US motor pioneer Ford in market value on Monday, as investors look to a future beyond the internal combustion engine. Shares of Tesla, founded in 2003, rose 7.3 per cent to a market capitalisation of $48.7bn, gliding past the 100-year-old Ford, whose shares fell 1.7 per cent after disappointing March sales results to a market value of $45.3bn. While it is symbolic for […]

Dubai, UAE – April 3, 2017  BlackBerry Limited (NASDAQ: BBRY; TSX: BB) today shared new details on its broad licensing strategy which addresses the growing need for secure, connected devices and endpoints in today’s Enterprise of Things.   The first phase of BlackBerry’s strategy, announced in September 2016, was focused on providing the most secure and comprehensive Android software for smartphones around the world manufactured and marketed […]

The annual Cesco Week gathering for the global copper industry starts Monday in Santiago. For the first time in five years, attendees arriving in the Chilean capital can reflect on a copper price that is higher than at the previous year’s event. However, optimism that 2017 represents a turning point in the market should be tempered by the realisation that any sustained recovery in the copper price […]

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Despite continued heavy incentive spending, every auto OEM, with the exception of Nissan, missed their sales forecasts for the month of March.  The “D3” were the biggest losers of the month with GM sales up 1.6% YoY vs. estimates of +7.0% while Ford sales dropped -7.2% and Fiat Chrysler declined -5.0%.  Car sales were even worse with industry volumes down 10.6% overall versus light truck sales that […]

Investors face a test of nerve as the second quarter beckons. The rally in US stocks and the dollar sparked by the election of Donald Trump is looking stretched, amid doubts about the president’s ability to deliver fiscal stimulus for the economy that can justify lofty equity valuations. The shifting mood has spurred money into emerging markets and European stocks, with EM currencies enjoying a stellar March […]

You need Javascript and either Adobe Flash or Html5 to view this video. You need Javascript and either Adobe Flash or Html5 to view this video. Video: Matthew Mirabelli Konrad Mizzi is refusing to reply to any more questions on his involvement in the Panama Papers, saying that he has now exhausted all questions on the matter. Following a press conference on a new joint venture with […]

The Sharjah FDI Office (Invest in Sharjah) has announced that total foreign direct investment is expected to exceed a record AED1 billion ($270 million) by the end of the year – an anticipated growth of 15 percent on 2016. A statement said the figures are a testament to Sharjah’s focus on encouraging overseas businesses to establish and expand their assets in the emirate. The forecast sees an […]

By Yashaswini Swamynathan U.S. stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the implications of President Donald Trump’s “very difficult” meeting with Chinese President Xi Jinping. Trump said in a tweet last Thursday that the meeting over the coming Thursday and Friday would be “a very difficult one” as the United States could not risk massive trade […]

By Guy Faulconbridge | LONDON LONDON Just days after Prime Minister Theresa May formally served the European Union with divorce papers, a powerful affliction appeared to strike some in Britain: Brexit fever. Amid a row with Spain and the EU over the status of Gibraltar, a former leader of May’s Conservative party, Michael Howard, even said she would be prepared to go to war to defend the […]

Spain’s foreign minister Alfonso Dastis has said his government is “surprised” at the tone of commentary in the UK over Gibraltar, after a weekend in which former Tory leader Michael Howard suggested Britain could go to war to defend the territory. “I think that someone in the UK is losing their temper and there’s no reason for that,” said Mr Dastis, as he sought to play down […]

Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]

Since it first entered service with the Soviet army in 1948, the AK-47 and its derivatives have become the world’s most widely used assault rifles. As Statista’s Niall McCarty writes, in his book “AK47: The Story of The People’s Gun”, author Michael Hodges estimates that there are as many as 200 million Kalashnikov rifles in circulation, one for every 35 people on earth. Its popularity among soldiers, […]

Abu Dhabi, 2 April 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named the Best Islamic Financial Institution in the UAE by Global Finance Magazine, one of the world’s leading finance and banking publications. Now in its 10th edition, the Global Finance Magazine awards are bestowed on banks that provide best in-class Shariah-compliant banking services and solutions, utilize modern and efficient channels to […]

TOKYO Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed in early trade while Japan’s Nikkei .N225 rose 0.1 percent. Ex-Japan Asia MSCI had gained 12.3 percent in the last […]

Some of the region’s leading female filmmaking talent gathered at the film and TV industry trade show Cabsat at Dubai World Trade Centre last week to talk about their careers and the challenges they face. They were assembled by ­Japanese camera ­manufacturer Canon to help promote the local launch of its new C700 ­cinecamera. Encouragingly, none of those we spoke to felt they had been passed over […]

Britain has apologised after an egg was thrown at a Saudi military official during a visit to London, Saudi state media said Sunday. An anti-war activist last week attempted a citizen’s arrest of General Ahmed Assiri, spokesman for the Saudi-led Gulf coalition fighting rebels in Yemen, before another threw an egg that hit Assiri in the back. British Foreign Secretary Boris Johnson called Deputy Crown Prince Mohammed […]

Here are the main questions facing markets as a new trading week and the start of the second quarter beckons. What are the likely drivers?A host of market-moving events confront investors as the calendar flips over to April. These include France’s presidential elections and the opening salvos of the UK’s divorce from the EU. But there is also the prospect of a sustained recovery in global activity, […]

Dubai, UAE, 2 April 2017 The inaugural edition of AIM Startup, organised in conjunction with AIM 2017, commenced today on Sunday, April 2nd in Dubai World Trade Centre. The new initiative witnessed a prolific gathering of visitors, investors and officials. AIM Startup 2017 aims to extend support to the small projects, which in turn can be the core for larger projects in the future, representing a significant […]

Like many Hong Kongers with family and business ties in mainland China, Ceci Chong would often carry cash back across the border — until she was stopped last summer by a Chinese customs officer. She was caught bringing Rmb100,000 ($14,500) in family savings to Hong Kong — five times the cash limit imposed by China. Her case was part of a crackdown on “financial ants”, who smuggle […]

By David Shepardson | WASHINGTON WASHINGTON Comcast Corp, Verizon Communications Inc and AT&T Inc said Friday they would not sell customers’ individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules. The bill would repeal regulations adopted in October by the Federal Communications Commission under former President Barack Obama requiring internet service providers to do more to protect customers’ […]

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