Guards stand near an entrance to Alibaba’s headquarters in Hangzhou, Zhejiang province, China, May 18, 2015. Reuters/John Ruwitch PUTIAN, China Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source. In the coastal city of Putian, in Fujian province, Alibaba is […]
Buildings that were destroyed during the 50-day war last year between Israel and Hamas militants in the Gaza Strip. By DIAA HADID May 22, 2015 RAMALLAH, West Bank — Gaza’s war-battered economy is on the “verge of collapse,” dragged down by soaring unemployment rates that followed last summer’s war with Israel, border restrictions and government dysfunction, the World Bank says in a new report. Infighting between Gaza’s Islamist Hamas […]
Branding on a budget DUBAI, 16 days ago How does a lone entrepreneur create a brand image and message and keeping costs low? While this really depends on how lean your start-up will be, there are a number of tools which one can pick and mix to launch a brand, a report said. The fundamental strategy when branding on a budget is to eliminate the need for […]
|By TAP Staff| The US CFTC has filed a civil action against Heet Khara and Nasim Salim, residents of the United Arab Emirates, alleging that they engaged in ‘spoofing’ in the gold and silver futures markets – placing bids and offers with the intent to cancel them before execution, online news publisher Hedgeweek reported. Based on Defendants’ pattern of unlawful spoofing conduct and the potential for dissipation […]
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 […]
Plunging iron ore prices are providing a lifeline for some of China’s biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India. Even as China’s domestic steel demand shrinks and the industry battles chronic overcapacity, lower iron ore prices have helped many large mills post better earnings in 2014 than a year […]
Indosat, Facebook bring easy internet access to Indonesia DOHA, 21 hours, 24 minutes ago Indosat, a member of Ooredoo Group, and Facebook have partnered to launch Internet.org in Indonesia as part of the “Internet Tanpa Pulsa Untuk Semua” initiative for all Indonesians. Facebook’s Internet.org will make the Internet more accessible for all Indonesians through a set of basic services, including useful health, education, social media for communication […]
Talhouk … turning data into insights. Microsoft summit highlights data analysis trends DUBAI, 1 days ago The second Microsoft Dynamics Summit, which concluded recently in Dubai, UAE has provided new insights on how Dynamics tools will enable organisations to more effectively make sense of data and fuel greater speed and precision in decision-making. The summit took place at Jumeirah Beach Hotel and attracted hundreds of business leaders, […]
Doha Bank posts $115m net profit, up 5.2pc DUBAI, 18 hours, 57 minutes ago Doha Bank has posted a net profit of QR420 million ($115.2 million) for the first quarter of the year, compared to QR399 million for the same period last year, an increase of 5.2 per cent. The bank’s net operating income increased 2.3 per cent to QR714 million, while its total assets increase QR4.1 […]
New initiatives to boost Dubai’s Islamic economy status DUBAI, 21 hours, 17 minutes ago A series of initiatives proposed by the board of Dubai Islamic Economy Develop Center (DIEDC) recently to boost Dubai’s status as the global capital of the Islamic economy, were approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and chairman of the Dubai Executive Council. The initiatives include the […]
/Marshall Hargrave/investorsalley.com/The end of Google’s reign as the king of search is near. Competitors are eating away market share and growth is sputtering. Trying to cherry-pick the next winner in search, however, is akin to rolling dice at a casino. All luck. Where investors are going to make their millions is in this red hot sector that is on the vanguard of life-saving technology that will revolutionize […]
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 […]
In my previous column, I outlined the innovative German system of cooperative study and universities of applied sciences. These institutes in particular support a practical, hands-on approach to learning about engineering. But where do managers of mid-sized business learn the tools of their trade? As we have seen, traditionally, the answer would be through common sense and trial and error. The majority of world-leading mid-sized enterprises were […]
[embedded content] Real Hollywood filmmakers and moneyed hobbyists alike will be rushing to unload their outdated RED cameras from last year or trade them in for points toward this: RED’s newest, the Weapon ‘Vista Vision.’ This camera features a larger 35-megapixel sensor and will shoot up to 75 fps widescreen 8K recorded in RAW and scaled-down ProRes formats simultaneously. This entry passed through the Full-Text RSS service […]
DUBAI, 3 days ago Avaya, a leading provider of solutions that enable customer and team engagement across multiple channels and devices, has opened a new office in Doha, in line with Qatar’s 2030 National Vision. The office is located in the Doha Tower on the Doha Corniche, said a statement. The company plans to help local channel partners expand both technical and specific industry sector skills to […]
Bahrain TRA launches equipment consultation MANAMA, 3 days ago A public consultation has been launched by Bahrain’s Telecommunications Regulatory Authority (TRA) for a new approval regime for the importation and use of telecommunications equipment connected to public networks. The proposed draft regulation defines the roles and responsibilities of TRA and any person or entity wishing to import telecommunications equipment (connected to public telecommunications networks) into Bahrain, said […]
Deloitte appoints director forensic services in Saudi RIYADH, 3 days ago Deloitte Corporate Finance in the Middle East has appointed Abdullah Farid Shaker as principal director of forensic and financial advisory services, based in Riyadh, Saudi Arabia. “I am delighted to welcome Abdullah to our team, whose joining reflects the growing need for financial advisory services in the Middle East and in KSA specifically,” said Humphry Hatton, CEO […]
Ameen … new role. Deutsche Bank appoints new COO for MEA DUBAI, 3 days ago Deutsche Bank AG announced today the appointment of Javeed Ameen as chief operating officer (COO) for the Middle East and Africa (MEA) region. Ameen will be based in Dubai, UAE, and report to Ashok Aram, CEO Middle East and Africa, and Karl von Rohr, global chief operating officer regional management. Ameen replaces […]
GIB unit fund appoints Barclays for brokerage services MANAMA, 3 days ago GIB Emerging Markets Opportunities Fund, the flagship hedge fund of GIB (UK), has appointed Barclays Bank to provide additional prime brokerage services to the fund. GIB UK is a subsidiary of Bahrain-based Gulf International Bank (GIB), said a report in the Gulf Daily News (GDN), our sister publication. The appointment complements the relationship with the […]
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 […]
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 […]
Dubai’s Amlak Finance will hold a shareholder meeting on April 16 to seek their approval for lifting a six-and-a-half year trading suspension on the mortgage lender’s shares, according to a bourse filing on Wednesday. If shareholders agree, the board will then seek permission from the “concerned authorities” to resume trade and determine a date to do so. Trading in Amlak, 48 percent owned by Dubai’s biggest developer […]
|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) […]
