A worker adjusts the logo at the stand of Huawei at the CeBIT trade fair in Hanover March 15, 2015. Reuters/Morris Mac Matzen/Files BANGKOK China’s Huawei Technologies, the world’s No. 2 telecom equipment maker, expects total shipments of smartphones in southeast Asia to rise 160 percent to 8 million units in 2015, boosted by strong demand in Myanmar, it said on Thursday. In the first quarter, Huawei […]
Travel tech firm moves to Microsoft Azure cloud technology DUBAI, 22 days ago Microsoft has signed a strategic deal with Illusions, a Dubai-based travel tech firm, to support the transfer of the company’s entire business operating platform onto Microsoft’s cloud technology, Azure, an initiative aimed at enhancing productivity and client satisfaction. The move to Azure will incorporate the existing system on which Illusions operates to provide services […]
Derek Donahue ….. Satcom EEMEA region’s regional director Satcom Direct appoints new regional director DUBAI, 22 days ago Satcom Direct, the leading provider of satellite voice and broadband data solutions for flight deck and cabin communications, has appointed Derek Donahue as its regional director for the Eastern Europe, Middle East and Africa (EEMEA) region. Currently based in the Dubai office, Donahue’s new role has him managing the […]
UAE. The private equity market in the Middle East has matured in the last five years in terms of deal structures, volumes and values, according to speakers at a debate organised by ICAEW’s Corporate Finance Faculty in the UAE. ICAEW members and guests gathered at Jumeirah Emirates Towers in Dubai last week (Wednesday, 20th May) to discuss private equity in the region. The event, sponsored by Merrill […]
UAE. Fifty-seven percent of global financial services executives believe regulation has enabled growth of their business, according to the results of Deloitte’s Staying Ahead of the Pack survey. In addition, half of executives expect much more regulation in the near future, with 69 percent feeling prepared for it. The survey of 200 executives at banking, securities, insurance and investment management firms around the world was conducted to […]
ABU DHABI // Lunar pioneer Buzz Aldrin, the second man to walk on the Moon, shared his space journey and excitement for the UAE Mars mission during a lecture at Al Bateen palace on Wednesday. The former Nasa astronaut addressed an audience of dignitaries and industry leaders who included Sheikh Nahyan bin Mubarak, Minister for Culture, Youth and Community Development, Sheikh Hamed bin Zayed, Chairman of the […]
ABU DHABI // The Mohammed bin Rashid Space Centre will send students to American universities this summer as part of the UAE’s Mars Mission Hope. They will undergo an intensive programme in space sciences at the University of California, Berkeley, and the University of Colorado Boulder that will help them along a career path as Emirati scientists and engineers. “We don’t have a proper career path for […]
By RICK GLADSTONE May 27, 2015 France challenged Iran’s supreme leader on Wednesday over a disputed element of the Iranian nuclear talks, asserting that it would not sign any pact unless Iran allowed all its nuclear installations, including military sites, to be inspected. The French position was stated by the foreign minister, Laurent Fabius, just as negotiations reconvened in Vienna with the aim of reaching a final agreement by […]
A logo is pictured at Google’s European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann WASHINGTON The Obama administration on Tuesday sided against Google Inc (GOOGL.O) and said the U.S. Supreme Court should not hear the company’s appeal in a case against Oracle Corp (ORCL.N) with wide implications for the technology industry, according to a court filing. The case involves how much copyright protection should extend to […]
By JODI RUDOREN May 26, 2015 JERUSALEM — Hinting at a new strategy as he starts his fourth term with a more conservative coalition, Prime Minister Benjamin Netanyahu of Israel told the European Union’s foreign policy chief that he wants to negotiate with the Palestinians over which settlements in the occupied West Bank would be annexed by Israel, officials said Tuesday. Palestinian leaders quickly rejected the idea as a […]
The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. Reuters/Jim Young/Files WASHINGTON The U.S. Supreme Court on Tuesday ruled against Cisco Systems Inc(CSCO.O) over a patent infringement claim the tech giant is fighting. On a 6-2 vote, with Justice Stephen Breyer recused from the case, the court threw out a ruling by the […]
Shiite fighters during an operation to retake the remaining areas of the Baiji oil refinery from the Islamic State on Monday in Salahuddin Province in Iraq. By TIM ARANGO May 26, 2015 BAGHDAD — Iraqi officials said Tuesday that a combined force of Iraqi soldiers and allied Shiite militias had started moving to retake the city of Ramadi, the capital of Anbar Province, from Islamic State fighters. The officials billed […]
A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei city, December 24, 2013. Reuters/Pichi Chuang/Files GUIYANG, China Taiwan’s Foxconn Technology, the world’s largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, Chairman Terry Gou said on Tuesday. The company could spend […]
JORDAN. Technology will be a “game changer” in tackling youth unemployment in the Middle East and North Africa’s emerging Digital Economy, but only if the government, private, and people sectors collaborate effectively, according to a new report released on the eve of the World Economic Forum on the Middle East and North Africa (MENA) 2015. The report “Re-Dynamizing the Job Machine: Technology-Driven Transformation of Labor Markets in […]
DUBAI // Outstanding achievements by UAE women in fields as diverse as civil aviation, business strategy, technology and social enterprise were recognised on Monday night. Laila Al Muhairi, assistant director general for strategy and international affairs at the General Civil Aviation Authority, won the first award in the professional category at the Emirates Women Awards. “My objective is to inspire generations of girls in the UAE and […]
|By TAP Staff| Qatar currently has an estimated US$220 billion worth of projects in the pipeline. This new work is already positively impacting the interiors and fit-out market across all major sectors and there are no signs of this rapid growth slowing. The Qatar interiors and fit-out market had an estimated value over US$800 million during 2014, with some studies expecting the value to have doubled by […]
|By K Raveendran| Bank customers often find themselves being led up the garden path by the sweet talk of sales agents and rosy promises held out by advertisements when they change their bank. The new choice invariably turns out to be worse than the one that had been given the ditch. There is consolation on the way for such disconcerted customers. The UAE Banks Federation, the collective […]
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 […]
ABU DHABI // A family of children as young as 8 is living in squalor and deprivation, with social services powerless to intervene because they have no legal authority to do so. The 10 children, the eldest of whom is 24 and mentally ill, sleep on the floor in two outdoor rooms reeking of urine and faeces and littered with rubbish. Their kitchen overflows with dirty dishes […]
qI live in the UAE but have an outstanding loan from Kuwait from about a year ago. As I was unemployed I have only made very small payments on the loan in the past year. I now have a full-time job but a debt collector in America has been calling me threatening me with a travel ban, since there is a National Bank of Kuwait in the […]
By SABA IMTIAZ May 23, 2015 KARACHI, Pakistan — Several senior journalists resigned from a developing Pakistani television network, Bol, on Saturday, in the latest fallout from a crisis engulfing the channel’s parent company, Axact, a software firm that profited immensely from international sales of fake diplomas. The defections were led by Bol’s editor in chief, Kamran Khan, and came just hours after Pakistan’s interior minister announced that the […]
An anonymous painting of Turkish Emperor Mahmud II leading his troops. By DAVID MOTADEL May 23, 2015 CAMBRIDGE, England — THE last several months have brought a dramatic escalation in conflict across the Middle East, almost all of it involving tensions between Sunni and Shiite Muslims — which are in turn fueled by a power struggle between Shiite Iran and Sunni Saudi Arabia for regional supremacy. Tehran runs a […]
|By TAP Staff| Network International, the credit card processing company owned by Emirates NBD and Abraaj Group is set to launch an IPO. According to sources, the offering would happen in the fourth quarter or in early 2016. The business is expected to be valued at more than $1 billion. Abraaj bought 49 percent of Network International from Emirates NBD for about 2 billion dirhams ($545 million) in late 2010. The […]
N.R. Narayana Murthy acknowledges the media in Calcutta August 20, 2002. Reuters/Jayanta Shaw/Files MUMBAI The Securities and Exchange Board of India (SEBI) has named Infosys founder N.R. Narayana Murthy to head a panel that will devise rules for a new funding platform for homegrown start-ups, the regulator said on its website. In March, SEBI announced an alternative investment platform targeted at the country’s booming internet start-ups, relaxing […]
