News

  Abu Dhabi / Emirates Business DarkMatter, an international cyber security firm headquartered in the UAE, announces its participation at the forthcoming World Islamic Banking Conference (WIBC) 2016, taking place between December 5-7, at the ART Rotana Hotel, Amwaj Islands, Manama, Bahrain. DarkMatter is the Cyber Security Innovation Partner to the event. Celebrating its 23rd year of existence, the conference ...

  Dubai / Emirates Business Schon Properties, recipient of the Top Private Developer award for 2016 by Forbes Middle East, announces the development of iSuites – a massive AED3.2 billion (US$870 million) home-grown hospitality portfolio that will see the development of 2,700 hotel apartments at a single site within Dubai Investment Park – close to the World Expo 2020 site. ...

  Abu Dhabi / Emirates Business SWIFT, a global provider of secure financial messaging services, announces that it is hosting its UAE Business Forum in Abu Dhabi on December 7. Senior representatives from the UAE’s banking and financial industry will join regulators and policy makers to discuss the challenges and opportunities for the country’s financial services industry. The Forum will ...

  Dubai / Emirates Business The Emirates College of Management & Information (ECMIT), a leading private higher educational institution based in Dubai, has confirmed its participation in the Oxford Summit of Leaders 2016, the annual event for education, scientific research and business, to be held under the theme ‘Investment in Science and Education: Investing in the Future’ on December 20 ...

  Ras Al Khaimah / Emirates Business According to the Q3 2016 RAK MarketView, RAK’s hospitality market is currently one of the country’s tourism bright spots, as it bucks wider regional trends of declining room revenues, recording year-to-date occupancy growth of 13.6% up to the month of September (STR Global). The Emirate now has well over 5,000 hotel and hotel ...

  Reuters A version of Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to U.S. security firms. CrowdStrike, Palo Alto Networks Inc and Symantec Corp. warned of the new attacks on Wednesday. They did not name ...

  Bloomberg Indonesia is widening its tax net to target global technology giants like Google and Facebook Inc., a strategy that’s raising red flags for fear it may deter foreign investment. Finance Minister Sri Mulyani Indrawati is seeking to squeeze more revenue out of an economy that’s been hit by weak commodity prices and subdued demand from China, Indonesia’s biggest ...

  Bloomberg China’s biggest state-owned companies will see “dramatic changes” in the next few years as they may downsize and become more efficient, according to the former chairman of two of the country’s biggest producers. Chinese oil companies have “tremendous room” to improve efficiency and will be “suffering for the next few years” amid the oil crash that’s pushed prices ...

  Bloomberg Nokia smartphones will make a comeback next year, and the current owners of the Finnish brand are betting that the connection it built with billions of consumers during a decade of dominance hasn’t been broken. HMD Global has secured exclusive rights to use the brand for smartphones from Nokia Oyj for the coming 10 years, and will announce ...

  Beijing / AFP China’s factory activity grew at its fastest rate in more than two years in November, official data showed on Thursday, as cheap credit and improving demand helped revive industry in the world’s second-largest economy. The better-than-expected pick-up in the closely watched purchasing managers’ index (PMI) will provide fresh hope for stability after a long-running slowdown in ...