Do U.S. Internet users want the so-called “right to be forgotten” that’s been a hot topic in Europe? And is such a scenario plausible stateside? It appears those questions have very different answers. Europe’s highest court ruled last spring that individuals had the right to ask that certain online data deleted so that third parties could no longer trace them. Despite the ruling, several questions on the […]
In an effort to make open source security tools more user friendly, Google and Dropbox announced Thursday that they have teamed up with the Open Technology Fund to form “Simply Secure.” The goal of the new non-profit organization is to “help craft usably secure technologies and make them available for everyone.” This is the second time this week a major technology company has launched an open source […]
The start of the United Arab Emirates’ first consumer credit-rating bureau last week will help banks better deal with bad loans six years after one of the world’s worst property crashes. “Banks will intensify their analysis of their existing portfolios,” Marwan Ahmad Lutfi, chief executive officer of the Al Etihad Credit Bureau said in an interview in Dubai today. The reports will allow banks to decide how […]
Chinese-backed hackers infiltrated the computer networks of airline, shipping and information technology companies responsible for transporting personnel and weapons for the U.S. military, a Senate investigation found. There were 20 such breaches from June 2012 to May 2013, giving the hackers insight into military logistics and a foothold that could be used to disrupt operations, according to a report today by the Senate Armed Services Committee. While […]
|By TAP Staff| Dubai’s Emaar Properties said on Wednesday that its existing shareholders will be allocated one share in its malls unit IPO for every 36 held in the parent firm. Shareholders can buy the shares in Emaar Malls Group (EMG) on a preferential basis at the price that is set by the institutional book building process, the company said in a statement to Dubai’s bourse. Emaar […]
| By TAP Staff |With deadline fast approaching for Standard Chartered to exit part of its retail business, there is intense speculation over the likely suitor. Mashreqbank, one of the first names normally thrown up as a probable for such acquisitions, has ruled out any interest. The British bank is aiming to sell part of its business in the UAE after it agreed to close some accounts […]
Finance Minister Hani Dimian at the the Euromoney Conference in Cairo. Reuters Such is the level of confidence of Egypt’s finance minister in his country’s economic turnaround that he advises prospective investors to move quickly because they will be treated on a “first come, first served” basis. Some of Hany Kadry Dimian’s optimism is certainly warranted: Egypt’s GDP growth is gradually picking up and the economy is […]
A rush by Dubai’s retail investors to take part in the initial public offer of Emaar Properties’ malls unit put pressure on the emirate’s stock market on Tuesday, while successful fund-raising for the Suez Canal expansion lifted stocks in Egypt. Emaar said late on Monday that institutional investors had committed to buying all the shares offered to them in the flotation of its shopping malls business, only […]
While it’s only a year-and-a-half old, Docker appears poised for big things in the world of distributed applications, and the company just scored $40 million in new funding to prove it. The San Francisco-based startup raised the series C funding with the help of Sequoia Capital, just nine months after it closed $15 million in funding led by Greylock Partners. Since launching in March 2013, Docker has […]
A Palestinian family looks from a window at the rubble of a collapsed tower following Israeli airstrikes in Gaza City in a Aug. 26 file photo. Associated Press The outlook for Gaza’s economic recovery is “bleak” after a 50-day war between Israel and Hamas unless there is “a fundamental change of the political status quo”, according to a sobering International Monetary Fund report released Tuesday on the […]
|By TAP Staff| An exhibition of works inspired by artist Arabella Dorman, who lived and worked alongside local people and armed forces across Afghanistan, is set to open in London next month. Arabella is an artist intrigued by the human condition and her work documents people and places affected by conflict across the globe. Before the Dawn – An Artist’s Journey Through Afghanistanat La Galleria Pall Mall, London, […]
ANKARA, Turkey — Having spent most of his youth as a drug addict in one of the poorest neighborhoods of Turkey’s capital, Can did not think he had much to lose when he was smuggled into Syria with 10 of his childhood friends to join the world’s most extreme jihadist group. After 15 days at a training camp in the Syrian city of Raqqa, the de facto […]
Edinburgh in the sunshine Photo: AP In bright sunshine this past week, the cobbled pedestrian streets of Edinburgh and the bustling byways in and around the Royal Mile have been thronged with students getting to know Scotland’s historic capital. Students like me, eager to start this new chapter in our lives while enjoying the cheap alcohol and easy socialising that comes with Fresher’s Week. However, behind the carnival […]
By Elzio Barreto, Fiona Lau and Liana B. Baker HONG KONG/NEW YORK Tue Sep 16, 2014 11:06am IST People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files HONG KONG/NEW YORK (Reuters) – Alibaba Group Holding Ltd raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year’s […]
WASHINGTON — The United States, as promised by President Obama, has stepped up its airstrike campaign in Iraq, hitting targets near Baghdad in the effort to help the Iraqi government win back territory seized by the Islamic State in Iraq and Syria, Pentagon officials said Monday. The offensive is the first expansion of the United States’ campaign against the Islamist militant group that Mr. Obama outlined last […]
Unidentified warplanes conducted four airstrikes on Monday near Tripoli, leaving one dead and five wounded, a spokesman for Libya’s Islamist-allied militias and a militia commander said. Mohammed al-Gharyani, a spokesman for the Libya Dawn militia alliance, said the airstrikes hit the town of Gharyan, 50 miles south of Tripoli. A militia commander said the strikes had targeted Libya Dawn ammunition warehouses and weapons depots. This entry passed […]
|By TAP Staff| Emaar Properties said the IPO of its shopping malls business unit has been sold out to institutional investors on the first day itself. The leading developer aiming to raise as much as AED 5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG), which is expected to be the Gulf’s biggest stock sale since 2008. On offer are 2 billion […]
|By TAP Staff| Dubai added to its financial market profile when Bank of America-Merrill Lynch announced on Monday it was moving its head of frontier markets research to the city. The move reflects the bank’s plan to take advantage of growing investor interest in the Gulf and surrounding region. Global firms have been strengthening their presence in the wake of surging stock markets, index upgrades and most […]
More and more places in Hong Kong now accept Chinese yuan Photo: ALAMY Lord Patten was the last governor of Hong Kong, and still, it seems, has a keen interest in its affairs. He has written a piece for The Financial Times, extolling his views on Britain’s “moral and political obligation” to its former colony. But his words, like his actions as governor, reveal that he never understood […]
Customers pre-ordered more than four million iPhone 6 and 6 Plus handsets in just the first 24 hours, according to Apple, around double the number the company saw for the iPhone 5s and 5c a year ago. Apple is on track to top 10 million units sold over the entire launch weekend, if the tech giant can keep up with the level of demand. The smartphones first […]
Mojang, the small Swedish firm behind the wildly popular video game Minecraft, is being acquired by Microsoft for $2.5 billion. The sale is set to be closed late this year, with the acquisition expected to be break-even in fiscal year 2015. One of Mojang’s founders, Markus Persson — known as “Notch” — said in a post on his personal blog on Monday that he would be leaving […]
By Nivedita Bhattacharjee and Tommy Wilkes NEW DELHI/MUMBAI Mon Sep 15, 2014 6:12pm IST 1 of 4. Visitors look at Android One Based mobiles after its launch in New Delhi September 15, 2014. Credit: Reuters/Anindito Mukherjee NEW DELHI/MUMBAI (Reuters) – Google Inc(GOOGL.O) launched in India on Monday a $105 smartphone, the first device from its “Android One” initiative which is aimed at boosting sales in key emerging […]
Boom and bust – two words that are regularly heard when the property market in the United Arab Emirates, especially Dubai, is discussed. But that theme appears to be changing. At least that’s what some industry experts are indicating. The property market, after rebounding sharply since early 2013 from the global financial crisis-induced crash, is now showing signs of stabilising – with the pace of growth in […]
By Telegraph View 6:00AM BST 15 Sep 2014 The United Kingdom is teetering on the brink of dissolution; opinion polls show that the Scottish referendum is too close to call with any certainty. Those polls also show that half a million Scots have yet to make up their minds. That is an unnerving statistic: the future of the country rests upon how their indecision crystallises on Thursday, […]
