Innovation key to globalize for top Chinese firms BEIJING, 17 hours, 1 minutes ago Leading Chinese companies are making innovation a strategic priority in their business models to stay competitive in global markets, according to a new report. The Emerging Best Practices of Chinese Globalizers: Develop the Innovation Models report by the World Economic Forum in collaboration with Strategy& (a part of the PwC network) was based […]
UAE. According to EY’s report ‘How will the GCC close the skills gap?’, employers struggle to retain nationals due to high salary expectations; however, these employers rank young people’s lack of work experience (53%), communications skills (36%), and required skills and qualifications (22%) as further challenges to retention in the private sector. Three quarters of GCC employers feel the education system doesn’t know what skills employers need. […]
Dubai’s Awqaf and Minors Affairs Foundation (Amaf) launched a donation campaign on Thursday for the Salma food relief programme in an attempt to produce and distribute one million, long-life, halal meals to victims of wars and natural disasters around the world in 2015. The project, named after the UAE’s first female Emirati nurse, Salma Al Sharhan, will provide food packaged to withstand extreme weather conditions and remain […]
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, paid his condolonces to the Prime Minister of Britain on the deaths of British citizens in last week’s attack in Tunisia. Sheikh Mohammed, during a meeting with David Cameron on Thursday, also wished those who were injured in the attack in Sousse a speedy recovery. The attack, he said, was […]
A funeral on Thursday in Ashmoun, in the Nile Delta, for First Lt. Mohamed Ashraf, one of the soldiers killed Wednesday in a militant attack in the Sinai Peninsula. By KAREEM FAHIM and MERNA THOMAS July 2, 2015 CAIRO — Egypt’s military killed 23 militants in the northern Sinai Peninsula early Thursday, a senior security official said, as the government sought to reassert control and eradicate what it called the area’s […]
By CARLOTTA GALL July 2, 2015 TUNIS — The Tunisian authorities said on Thursday that eight people had been arrested in connection with the massacre of 38 foreign tourists at the beachside resort of Sousse last Friday. Kamel Jendoubi, the minister responsible for coordinating the response to the attack, said that 12 people had been interrogated by the police, and that eight of them had been detained, pending charges. […]
World Briefing By THE ASSOCIATED PRESS July 1, 2015 At least 1,466 Iraqis were killed in episodes of armed conflict in June, up more than 40 percent from the previous month as security forces battled the Islamic State group, according to United Nations figures released Wednesday. The monthly death toll was the highest since September, and the rise from last month appeared to be almost entirely attributable to higher casualties […]
BEIRUT, Lebanon — A Saudi prince pledged on Wednesday to give away his entire $32 billion fortune to charitable causes in Saudi Arabia and elsewhere in the world. The prince, Alwaleed bin Talal, said the funds would go to his charity, Alwaleed Philanthropies, for causes like disease eradication, intercultural understanding, women’s empowerment, disaster relief and the electrification of isolated areas. The new pledge by one of the […]
With an up-to-date Android or iOS device, YouTube users can now play back videos at 60 frames per second. Google-owned YouTube rolled out the HFR (high-frame-rate) option for desktop devices last fall, and expanded that to live streaming in May. For now, though, HFR live streaming remains available only on desktops, not on mobile devices. YouTube said 60 fps videos provide “silky smooth playback,” especially for video […]
|TAP Special| Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of the Board of Trustees of the Alwaleed Philanthropies, announced his intention to donate all of his wealth to philanthropy over the coming years to help build a “better world of tolerance, acceptance, equality and opportunity for all.” This $32 billion philanthropic pledge will help build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide […]
NEW DELHI/MUMBAI Prime Minister Narendra Modi urged more companies to make electronic and digital goods on Wednesday, reviving his campaign promise to bridge India’s digital divide backed by over $70 billion in investment pledges. Launching a “Digital India Week” aimed at popularising the government’s push to connect 250,000 villages by 2019, Modi spoke of the need to boost local manufacturing of electronics – the country’s largest import […]
UAE. 85 percent of financial institutions from around the world reported that their boards of directors currently devote more time to oversight of risk than they did two years ago, while 79 percent felt that increasing regulatory requirements and expectations were their greatest challenge, according to the ninth edition of Deloitte’s Global risk management survey. In addition, the most common board responsibilities are approving the enterprise-level statement […]
Open Source By ROBERT MACKEY Apparently undeterred by the backlash over its last venture into cartoon diplomacy, Israel’s government released an animated video on Tuesday that equates the threat from Islamic State militants to that of a nuclear-armed Iran. The 28-second animation, uploaded to Prime Minister Benjamin Netanyahu’s official accounts on social networks, attempts to erase the distinction between the Sunni Muslim extremists of the Islamic State […]
|By TAP Staff| Dubai announced plans to build the world’s first fully functional 3D printed building, an ambitious move that will establish the UAE’s position as the global centre of technology in architecture construction and design. The building will be located close to the ‘Museum of the Future’, launched earlier this year in Dubai, and will act as temporary headquarters for its staff. It will be approximately […]
|TAP Special|Emirates has released a point-by-point rebuttal of subsidy allegations, asserting that the US legacy carriers got the facts wrong, got the law wrong, and set their sights on an outcome that will be wrong for American consumers, communities and the national economy. This is the airline’s response to allegations of subsidy and unfair competition leveled by the “big three” US legacy carriers – Delta, United and […]
It looks like 2015 will be the remembered as the summer of dueling mobile offerings. Only days after T-Mobile said it would begin allowing users to upgrade their smartphones up to three times a year, Sprint promised to go “All-In” with a new pricing structure that offers unlimited talk, text, and data for $80 a month. The company, which is the third-largest wireless carrier in the country […]
ABU DHABI // Dr Anwar Gargash has responded to the spate of terrorist attacks across the Arab World in the past week. The Minister of State for Foreign Affairs tweeted about the threat of extremism and its effect on the region. He said the Arab Spring “revolution has failed” and called for a clear vision to fight extremism. His tweet read: “Many Arab states scarred by Spring’s […]
Dubai real estate developer Limitless has taken a step closer to securing a second restructuring on debt outstanding from Dubai’s property crash six years ago. It said on Monday it would repay 2.07 billion dirhams ($564 million) to creditors and has won the approval of almost 90 percent of banks to extend its remaining debt to December 2018. Limitless is seeking to follow in the footsteps of […]
UAE. A new report by The Boston Consulting Group (BCG), a global management consulting firm and the world’s leading advisor on business strategy, delves into the challenges faced by Exploration & Production (E&P) companies here in the GCC region. The fact is, these are trying times for E&P companies globally. Following more than a decade of strong financial returns, the industry has experienced several difficult years caused […]
ABU DHABI // A child aged 11 and a woman have contracted Mers from a relative who had the virus diagnosed last month. The two expatriates, who live in the Eastern Region of Abu Dhabi, were found to have been infected later. The World Health Organisation reported that the woman, 46, was suffering from other disorders. The WHO said they were relatives of one of two patients […]
BEIRUT, Lebanon — Kuwait has identified the bomber who carried out a deadly suicide attack in a Shiite mosque as a citizen of Saudi Arabia who arrived in the small Persian Gulf nation just hours before blowing himself up, the Kuwaiti Interior Ministry said on Sunday. Kuwaiti authorities also arrested a local man who had driven the car that dropped the bomber off and the Kuwaiti owner […]
VIENNA — Iran’s top nuclear negotiator was heading back to Tehran on Sunday to consult with his nation’s top leadership, as negotiators remained divided over how to limit and monitor Tehran’s nuclear program and even on how to interpret the preliminary agreement they reached two months ago. With all sides now acknowledging the talks would need to continue beyond what was once considered the absolute deadline for […]
TEHRAN — Persian carpets were rolled out in the Beit-e Rahbar, the downtown Tehran offices of Iran’s supreme leader, Ayatollah Ali Khamenei, on Tuesday, a sign that important guests were on their way. One by one, members of Iran’s establishment, politicians, clerics and commanders filed in, many exchanging the perfunctory greetings of committed rivals. They sat cross-legged and waited anxiously, knowing a crucial week of nuclear negotiations […]
