Riding high on a backlash against Facebook, following the company’s decision to bar drag performers from registering using their stage personas, social networking startup Ello is aiming to be a giant killer. Ello, which launched in July, is promoting itself as a less exploitive version of the world’s largest social networking site. “Your social network is owned by advertisers,” Ello said in the first line of its […]
In a move to tap into the vast opportunities in China’s technology industry, Intel plans to invest as much as $1.5 billion for a minority stake in a holding company there. Intel is acquiring 20 percent of a Tsinghua Holdings operating subsidiary to execute its mission. Tsinghua is a solely state-owned limited liability corporation funded by Tsinghua University in China. By partnering with Tsinghua, Intel aims to […]
|By TAP Staff| Dubai buyout firm Abraaj is teaming up with TPG Capital, based in Fort Worth, Texas, for a deal to buy a majority stake in Saudi Arabian fast-food chain Kudu, it has been reported. Kudu operates about 200 outlets in Saudi Arabia selling grilled chicken sandwiches, burgers and breakfasts. According to Bloomberg, the pickup in Middle East investment comes as dealmaking by private-equity firms in […]
A warning by Iraq’s prime minister that Islamist militants planned to attack New York City sent political leaders scrambling on Thursday to assure the public it was safe to ride the subways and travel the streets of the nation’s largest city. New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio each had the same idea – take a subway ride to a busy […]
Firms with women at top ‘perform better’ LONDON, 1 days ago Companies with higher female participation at board level or in top management exhibit higher returns, higher valuations and higher payout ratios, a report said. While the representation of women in management positions and on the boards of companies is similar, it is qualitatively different in its makeup, added the CS Gender 3000: Women in Senior Management […]
As Google Chairman Eric Schmidt hit the interview trail this week to promote his new book, he addressed a number of contentious topics including WikiLeaks founder Julian Assange and the ever-escalating battle between his company and Apple. Schmidt was on Bloomberg TV Wednesday to talk about “How Google Works: The Rules for Success in the Internet Century,” a book he co-wrote with Jonathan Rosenberg. When mention was […]
As airstrikes led by the United States against the militant group Islamic State continued on Wednesday, for the first time in over two decades – Saudi Arabia and several other Gulf monarchies openly joined the campaign. While Arab participation in the strikes is of more symbolic than military value, analysts described it as a bold move for a group of countries that for long preferred to act […]
Shares of Marka started trading Thursday at a premium of 77% to its 1 U.A.E. dirham ($0.27) issue price. Asa Fitch for The Wall Street Journal Shares of Marka, a brand-new retail and hospitality company in the United Arab Emirates, began trading at a huge premium to their initial public offering valuation on the Dubai Financial Market Thursday, underscoring both a revival of confidence and what could […]
Airlines like Emirates (pictured above) and Etihad are leading the expansion of the Arab world’s carriers. European Pressphoto Agency Airlines of the Arab world will carry double the number of passengers by 2026 as the region’s carriers, particularly those of the Persian Gulf, buy hundreds more planes and governments invest in airports on the ground. That’s according to the latest figures from the Beirut-based Arab Air Carriers […]
Demand for aircraft leasing is expected to stay steady. Aircraft lessors wary as new rivals crowd into aviation ISTANBUL, 1 days ago By Tim Hepher Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy. Deterred by poor returns elsewhere as interest rates remain at […]
Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]
Gulf Capital buys into top Egypt glass firm ABU DHABI, 21 hours, 31 minutes ago Gulf Capital, a leading alternative investment firm, has completed the acquisition of a strategic minority stake in Middle East Glass Manufacturing (MEG), Egypt’s largest container glass and PET manufacturer. MEG is a worldwide approved supplier of glass bottles for Coca-Cola, an approved supplier for Pepsi, Nestle and other major beverage producers locally […]
How do you take sales away from a dominant company like Apple? One way might be to beat Apple’s signature product to market with one of your own. That seems to be the thinking by Samsung as it prepares to launch its new Galaxy Note 4 “phablet” ahead of schedule in China and South Korea this week. With early sales success by Apple with its iPhone 6 […]
The gold price dropped on Monday September 22nd to USD 1212 and EUR 942. Dollar gold is close to retest its bottom for the third time since mid-2013, a price level which was seen only in the summer of 2010. For readers seeking to understand what is going on, we are providing a comprehensive view on the gold market. We take all perspectives into account: price and chart patterns, […]
Actress Emma Thompson and her daughter Gaia take part in the “People’s Climate March” in central London Photo: REUTERS Down with climate change! Listen – and heed – Emma Thompson’s dire warning on global warming! There now, how’s that? Having satisfied everyone’s environmental conscience, let’s tackle the other burning (but, let me stress, not fossil-fuel) issue at the heart of the People’s Climate March in London at the […]
The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits […]
Smartphone producers in China are closing in on market leaders Samsung and Apple. This is based on a large home market with above-average growth. Potential is even higher in India and Latin America. Today, the spotlight is on the two largest mobile telephone manufactures – Samsung and Apple – with their latest Galaxy and iPhone models. These smartphones are likely to sell in the millions, but this […]
|By TAP Staff| Dubai Duty Free (DDF) has completed re-pricing a $1.75 billion loan for the second time in about a year with more favourable terms, the leading retailer announced in a statement. It said a second facility worth $750 million has also been renegotiated. The $1.75 billion six-year loan, originally signed in July 2012 but repriced a year later, now carries an interest rate of 1.5 […]
Google has reportedly turned to HTC to develop its next Nexus tablet, the 9-inch Nexus 9. According to an article Monday in The Wall Street Journal, HTC engineers have been visiting Google’s headquarters in Mountain View, California, “in recent months.” If true, the report is noteworthy because HTC currently focuses largely on smartphones and accessories. Its last foray into the tablet market ended in disappointment: The Android-based […]
Dubai World debt restructuring deal ‘soon’ DUBAI, 1 days ago One of Dubai’s top government officials said on Sunday that he expects state-owned conglomerate Dubai World to reach a deal on renegotiating its debt repayment schedule in the near future. “I can say for sure we will reach it. It is there and you will hear about it soon,” Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s […]
As the U.S. and France launch airstrikes against the Islamic State, Lebanon’s artists and activists have been organizing one of the Middle East’s most strident cultural responses to the group following its rapid incursion on large swaths of Iraqi and Syrian territory this summer. An IS flag-burning trend, accompanied by a Twitter hashtag campaign mimicking the recent “ice bucket challenge” charity fad, cropped up a few weeks […]
Hedge funds extended this year’s longest exit from bullish gold bets as slumping prices and investor outflows since June erased $6.7 billion from the value of exchange-traded funds backed by the metal. The net-long position in New York futures and options fell for a fifth straight week, with speculators boosting short bets to the highest since June, U.S. government data show. Investors sold 7.75 metric tons of […]
|TAP Special| Dubai World will reach a deal on renegotiating its debt repayment schedule soon, Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s Supreme Fiscal Committee, disclosed. “I can say for sure we will reach it. It is there and you will hear about it soon,” he told reporters at the sidelines of Ciyscape. Dubai World had offered creditors a series of incentives to lengthen a $25 […]
Apple’s latest additions to the iPhone family — the iPhone 6 and the iPhone 6 Plus — went on sale in stores Friday amid reports of lines stretching 10 blocks long at the Fifth Avenue Apple Store in New York. In addition to many other new features, the two new devices sport larger screen sizes than previous models, including the 4-inch iPhone 5 (shown above, left). The […]
