Falcon Private Bank is open to buying rivals as it expects a wave of consolidation in the industry due to more onerous regulations, its global head of private banking said on Wednesday. Swiss-based but Abu Dhabi-owned Falcon would be open to deals covering its core target markets of the Gulf, Eastern Europe, Africa and South East Asia, according to Erich Pfister, who took up the role in […]
The BBC’s headquarters in London Photo: AP The BBC’s director-general, Tony Hall, is a man in a hurry. As one of the oldest DGs to be appointed, and already in receipt of his BBC pension, the 64-year-old is acutely aware that the corporation’s charter has less than two years to run, and that the licence fee – the BBC’s bedrock for the 93 years of its existence – […]
Gen Odierno said that British defence cuts are already jeopardising US-UK joint operations Photo: AP Ever since the Cold War ended more than two decades ago, America has never entertained any serious doubts about Britain’s ability to fulfil its commitment as a vital military ally when tackling threats to the Western alliance. Until now. For the dramatic cuts to Britain’s defence budget implemented since the Coalition took power […]
Gold imports by India, the world’s biggest consumer, are poised to surge after Finance Minister Arun Jaitley belied industry expectations for a reduction in tax. Overseas purchases may jump to 100 metric tons in March from about 25 tons in February as jewelers and traders, who delayed purchases in anticipation of the tax cut, replenish stockpiles, Rajesh Mehta, chairman of Rajesh Exports Ltd., said by phone from […]
Saudi Arabia’s ACWA Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with an interest rate of 4 percent is being provided by Abu Dhabi’s First Gulf Bank and two Saudi banks, National Commercial Bank and Samba Financial Group, he told reporters on the sidelines […]
DUBAI, 4 days ago Wasl Asset Management Group has signed a ‘cloud for customer’ agreement with SAP, the largest of its kind in the enterprise software market company’s UAE history. The real estate development and management organisation will be deploying SAP’s latest cloud solutions to transform its business and provide an even higher standard of service for its customers, said the statement. Hesham Al Qassim, chief executive […]
By Edward Taylor and Jan Schwartz GENEVA Sun Mar 1, 2015 11:43pm IST Customers gather for the opening of an Apple Store in Hangzhou, Zhejiang province, January 24, 2015. Credit: Reuters/Stringer/Files GENEVA (Reuters) – The main talking point at this week’s Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world’s automakers will gather in the Swiss city […]
BARCELONA Sun Mar 1, 2015 7:06pm IST A man walks past a logo during the presentation the Huawei’s new smartphone, the Ascend P7, launched by China’s Huawei Technologies in Paris, May 7, 2014. Credit: Reuters/Philippe Wojazer/Files Related Topics Stocks Images of “Lathmar Holi” at Nandgaon in Uttar Pradesh. Slideshow BARCELONA (Reuters) – Chinese telecom equipment maker Huawei on Sunday launched its first smartwatch, a round-faced […]
Lord Justice Munby curious puzzle has arisen following my piece a fortnight ago headed, “Why don’t the family courts obey the law?” I quoted a trenchant recent judgment in which Lord Justice Munby, the head of the family courts, went out of his way to emphasise that “one of the oldest principles of our law” is that “no one is to be condemned unheard” – and that […]
The tide may be turning in the retreat of the U.S. oil explorers. Rigs targeting oil fell by 33 to 986, the smallest decline since Jan. 2, Baker Hughes Inc. said on its website Friday. Energy rigs in the Permian Basin shale region dropped by seven to 355 after dropping by as much as 49 earlier in the month. The Eagle Ford in Texas lost three rigs. […]
Mubasher Financial ….. Nasdaq Dubai’s ‘Retail Broker of the Month’ January 2015. Mubasher wins special recognition by Nasdaq DUBAI, 2 days ago Mubasher Financial Services, one of the Middle East’s leading financial institutions, has announced that it has been recognised by Nasdaq Dubai as the ‘Retail Broker of the Month’ for January 2015. This recognition reinforces Mubasher’s market positioning as a widely respected financial services business, […]
After an extensive and sometimes contentious public and politcal debate, the Federal Communications Commission (FCC) voted February 26, with a 3 to 2 split along party lines, in favor of new regulations intended to preserve Net neutrality. The vote is seen as a win both for the Obama administration and a large Net roots activist campaign that has been pushing for this outcome for several years. Under […]
By JULIE HIRSCHFELD DAVIS February 25, 2015 WASHINGTON — Susan E. Rice, President Obama’s national security adviser, sharply criticized Prime Minister Benjamin Netanyahu of Israel on Tuesday over his plans to address a joint meeting of Congress next week, saying his actions had hurt his nation’s relationship with the United States. Mr. Netanyahu’s decision to travel to Washington to deliver the speech two weeks before the Israeli elections has “injected […]
Video | Hollande Discusses Kidnapping in Yemen President François Hollande of France confirmed that a Frenchwoman had been kidnapped in the Yemeni capital, Sana. By ALISSA J. RUBIN February 24, 2015 PARIS — A Frenchwoman who works for the World Bank was kidnapped on Tuesday in front of a ministry office in Sana, the Yemeni capital, according to security officials there and President François Hollande of France, who took the […]
Ooredoo to showcase next-gen smart solutions DOHA, 5 hours, 28 minutes ago Ooredoo is set to showcase a range of ‘smart’ technologies at this year’s GSMA Mobile World Congress, as the company continues to develop new life-enhancing services to serve customers across its footprint. The theme of this year’s congress, which will run from March 2 to 5 in Barcelona, Spain, is ‘The Edge of Innovation,’ and […]
DUBAI, 8 hours, 45 minutes ago Software AG, a leader in enterprise management software, has appointed Rami Kichli as its new vice-president for the firm’s UAE division. Kichli will expand the company’s Middle Eastern business and reinforce the company’s position as the leading provider of digital business platform solutions through product innovation, strategic acquisitions, and a strong customer focus, said a company statement. The new vice president […]
HSBC Holdings, struggling to contain a scandal over tax evasion at its private bank, reported lower-than-predicted fourth-quarter profit as costs and conduct provisions rose. The shares slumped the most since 2011. Pretax profit dropped 56 percent to $1.7 billion from the year-earlier period, London-based HSBC said in a statement on Monday. That missed the $3.7 billion average estimate of five analysts surveyed by Bloomberg. Full-year profit fell […]
The next generation of Windows is aiming to fix everything that was wrong with the last generation. Can Microsoft reverse its fortunes with Windows 10? Microsoft’s self-stated ambitious goal with Windows 10 is to inspire new scenarios across a broad range of devices, from big screens to small screens to no screens at all. Terry Myerson, executive vice president of Microsoft’s Operating System Group, called Windows 10 […]
As it gets under way at the MGM Grand & Mandalay Bay in Las Vegas, IBM’s InterConnect 2015 corporate convention will touch on cloud, mobile, DevOps, security, asset management, Internet of Things, application integration, and smarter processes. But a main area of focus is expected to be hybrid cloud technology, which gives IBM’s individual businesses a chance to discuss and demonstrate how they can better leverage each […]
Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said. The timeframe — automakers typically spend five to seven years developing a car — underscores the project’s aggressive goals and could set the stage for a battle for customers with Tesla Motors Inc. and General […]
|By Sarosh Zaiwalla| Towards the end of last year, it was announced that the UAE’s long anticipated insolvency reform bill was reaching its final stages prior to implementation. The legal framework was drawn up following the establishment of the Dubai World Tribunal that resulted from the entity’s inability to pay its creditors in November 2009. The case cast a spotlight on the UAE, which until today does […]
Eero is the world’s first Wi-Fi “system.” A set of three will cover your whole home, eliminating dead spots and slow zones from every corner or closet. Even the back yard. It creates a mesh network and uses groundbreaking software to automatically optimize the connection on every device, everywhere. Recommended article: Chomsky: We Are All – Fill in the Blank.This entry passed through the Full-Text RSS service […]
RAF Police Flight Sergeant Will Barrow & his dog Buster. Buster served 4 tours of duty in Bosnia Afghanistan and Iraq, with Will and is the subject of a new book Photo: Philip Hollis/The Telegraph Flight Sergeant Will Barrow was crouched low, his heart pounding, in the belly of a Viking armoured vehicle under intense Taliban gunfire, when a clear and sudden understanding of his own mortality came […]
David and Charles Koch If you doubt whether Republicans are serious about defeating Hillary Clinton, consider this: At a California meeting last week headed by billionaire industrialists Charles and David Koch, an $889 million budget was unveiled before the network of conservative donors they assembled. Some have gone so far as to suggest this essentially makes the Koch network America’s “third” political party. After all, their warchest […]
