An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. Reuters/Mike Segar NEW YORK Has the “curse of the Dow” finally caught up with Apple? Shares of the iPhone maker have been in a rut since posting disappointing quarterly results in late June, falling to a six-month low of $113.25 on Tuesday. […]
Terry Gou, founder and chairman of Taiwan’s Foxconn Technology, gestures during a news conference in New Delhi, India, August 4, 2015. Reuters/Anindito Mukherjee NEW DELHI/MUMBAI Foxconn, the trade name for Hon Hai Precision Industry Co Ltd, will invest in India as it builds a supply chain in the country, in a move that may help the country’s efforts to build a technology manufacturing base. Taiwan-based Foxconn is […]
SAUDI ARABIA. JLL, the world’s leading real estate investment and advisory firm, today released its second quarter (Q2 2015) Riyadh Real Estate Market Overview that asses the latest trends in the office, residential, retail and hotel sectors in Saudi Arabia’s largest city. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “there has been relatively little change in the real estate market in Riyadh […]
The developer Meydan has announced the launch of a new scheme known as Meydan One featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, a 25,000 sq metres indoor sports facility, the biggest dancing fountains in the world, a beach and a civic plaza capable of hosting up to 60,000 people. It is also to contain a 100-berth marina. And, a retractable […]
What’s going to generate headlines this week in international news? We’re experimenting with offering readers a tip sheet. Let us know if you find it useful or what you’d like to see here. Contact [email protected]. — Hanna Ingber, Assistant Editor, International Desk MONDAY: Secretary of State John Kerry will be traveling all week, after spending the weekend in Cairo, where he pushed Egyptian officials to show greater […]
Payfort, a leading online payment service provider, has launched its installments service in the United Arab Emirates, Saudi Arabia and Egypt. The new service that makes it easy for ecommerce merchants to offer pay-via-installment options to customers and gives consumers greater purchasing power. “Many consumers show a preference for purchasing-via-installments, but methods of processing monthly installments in common usage in the region have proved cumbersome for consumers,” […]
Billions of dollars of investment emanating from the GCC and Muslim jurisdictions are increasingly seeking Shariah compliant investment opportunities in key global real estate markets, said organisers of an upcoming real estate event in London. The International Real Estate Finance (IREF) Summit, a premier real estate event in the UK is scheduled to take place on December and 2 at The Jumeirah Carlton Tower in London. The […]
Viva, Kuwait’s fastest-growing telecom operator, has reported a net profit of KD21.6 million ($71.3 million) for the first half of the year, jumping 14 per cent compared to the same period last year. Total revenues reached KD134 million ($442.5 million), growing 18 per cent when compared to KD113 million ($373.1) in H1 2014. Operational profit increased by 24 per cent, from KD20 million ($66 million) in H1 […]
Saudi Arabia’s Etihad Etisalat (Mobily), which last week slashed 27 months of profits following an accounting scandal, swung to a second-quarter net loss on Sunday that missed forecasts. Mobily, an affiliate of the UAE’s Etisalat, made a net loss of SR900.9 million ($240.2 million) in the three months to June 30, it said in a bourse statement. This compares with a profit of SR92.5 million in the […]
The Iranian energy projects market represents a $167 billion opportunity for regional and international companies as the Islamic Republic prepares for the lifting of sanctions, a report said. According to the latest data from Meed Projects, the Mena leading projects tracking service, there are 197 individual energy (oil, gas, petrochemical, industry and utilities) projects either planned or under way in Iran, a number that could well double […]
Gold’s tumble to the lowest since 2010 promises to prolong a mergers and acquisitions boom that’s seen transactions at a three-year high as weaker prices slash asset valuations. Deals valued at $9.6 billion were proposed or completed in the six months to June 30, up 7 percent on the previous half, as producers including OceanaGold Corp. agreed acquisitions, according to data complied by Bloomberg. They totaled $22.3 […]
TEHRAN — Despite the smiling clown, a symbol of the Great Satan’s love for meat, buns and fries, there were no angry mobs punching fists in the air, shouting “Death to America”; nor did the smell of burnt American flags permeate this Tehran neighborhood. It smelled of juicy burgers, flipped by a cheerful Iranian teenager named Jahan. His kitchen was crowned with a flashing logo that looked […]
A French order to apply the “right to be forgotten” to Google searches not just across European domains but globally would risk “serious chilling effects on the Web,” according to the Internet search giant. Rather than comply, Google is asking the French agency that issued the order to withdraw it. France’s Commission nationale de l’informatique et des libertés, or CNIL, issued the global delisting order to Google […]
Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo February 28, 2014. Reuters/Yuya Shino/Files TOKYO Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30, is suspected of falsifying […]
Tech company Nvidia has just issued a voluntary recall of about 88,000 of its Shield eight-inch tablets. If you bought your Shield between July 2014 and July 2015, it seems you might need to worry about the tablet catching fire. The good news is Nvidia will replace the one in your hands absolutely free. “Nvidia has determined that the battery in these tablets can overheat, posing a […]
The Abu Dhabi Securities Exchange (ADX) is considering introducing with the Dubai Mercantile Exchange (DME) futures and options contracts for specific Abu Dhabi stocks as well as market index futures, a top DME official said. The exchanges have established a joint committee which will examine the issue over the next few months, DME Managing Director Owain Johnson told Reuters. “You have to go to the market and […]
Gold fell, heading for its largest monthly decline in two years, as the Federal Reserve moved closer to boosting US interest rates for the first time since 2006. While Fed policy makers refrained from signaling the timing of a rate rise after a two-day meeting, they described job gains as solid amid an improving economy, according to a statement Wednesday. The market expects a move as early […]
For centuries, Yemen and the people of the UAE have enjoyed a prosperous and enduring relationship. Historically, Yemen stood as a leading civilisation in the Arab world. During the British occupation of the country that began in 1839, Emirati traders would frequent the coastal city of Aden to trade in goods and services with their neighbours. With the rise of the Gulf states and eventual decline of […]
Western Union….aiding Greece during financial crisis Western Union activates money transfer into Greece ATHENS, 1 days ago The Western Union Company, a leading global payment services, has activated international remittances into Greece, allowing customers to receive cash payouts in minutes from almost anywhere around the world at select walk-in retail agent locations. International and domestic Western Union Money Transfer transactions are available for payout at up to […]
Trend Micro unveils Windows 10-compatible solution MANAMA, 1 days ago Trend Micro, a leader in security software, has unveiled its Trend Micro Security 10, a security and privacy solution fully compatible with Microsoft Windows 10, which is to be launched later this week. The new version’s security features are simple-to-use, yet provide state-of-the-art protection for consumers’ data, delivered with optimal performance, said a statement. It will allow […]
Sophos launches cloud-based secure web gateway DUBAI, 1 days ago Sophos, a leading security solutions provider, has launched the Sophos Cloud Web Gateway, a cloud-based secure web gateway that delivers advanced protection for users, devices and data across multiple operating systems, regardless of their location. The addition of secure web gateway to Sophos Cloud integrates technology from Mojave Networks, which Sophos acquired in October last year, said […]
OnePlus 2 launched; big features at $329 NEW DELHI, 1 days ago OnePlus, the start-up Chinese smartphone maker, has launched its new flagship device OnePlus 2. The OnePlus 2 will initially go on sale in India, China, the US, Canada, and select EU countries on August 11. Southeast Asia will get the smartphone in Q4 2015. The phone will cost $329 for an unlocked 16-GB version and […]
Hogan…focused on creating new experiences Consumer choice, innovation ‘key drivers of aviation sector’ ORLANDO, 1 days ago Consumer choice and innovation are the fundamental drivers of competition in the international airline industry, said Etihad Airways president and CEO James Hogan at the 2015 Global Business Travel Association (GBTA) Convention in Orlando, Florida (US). In a discussion, which focused on emerging opportunities and challenges in the global aviation industry, […]
|By Matein Khalid|So Pearson PLC has sold the FT Group (with its flagship Financial Times newspaper) to Japan’s Nikkei Inc for $1.32 billion. Pearson will use the cash proceeds to increase its investment in education publishing businesses in the US and Canada, now 75% of revenues. This deal is a milestone in the history of newspaper publishing and my own life as an investor/financial journalist. I discovered […]
