News

  AFP Hewlett-Packard Enterprise is looking to sell its software division, perhaps for as much as $10 billion, according to media reports that cited sources close to the matter. The move would include HPE shedding the operations of Autonomy Corp, a British software firm bought five years ago in an $11 billion deal that has since been branded a business ...

  AFP The world edged closer to a 2020 goal to repair vast areas of damaged natural lands and forests, officials announced at the world’s largest conservation meeting. Malawi and Guatemala committed to restoring a total of 4.54 million hectares (11 million acres) of degraded land, officials said at the International Union for Conservation of Nature (IUCN) World Conservation Congress. ...

  AFP The long-awaited sale of Formula One to an American media group is to be completed next week, according to media reports on Sunday. The well-sourced German magazine Auto Motor und Sport said that the sport’s veteran commercial ring-master Bernie Ecclestone had confirmed the deal at the Italian Grand Prix. The magazine reported that Ecclestone said Liberty Media will ...

  ABU DHABI / Emirates Business Demand for seamless connection to the Internet of Things will drive wearable shipments to double by 2020, says a new Frost & Sullivan report prepared in collaboration with GITEX Technology Week. Wearables are computing devices that can be worn as clothing or accessories — including smart watches, glasses, bands, cameras, and clothing. By recording, ...

  Abu Dhabi / Emirates Business A GCC-wide survey of 600 multinational companies and locally-owned conglomerates – the largest study of its kind in the Gulf region – has forecasted that salary earnings will increase an average of 4.7% in 2017, demonstrating a more optimistic outlook across the board as GDP growth is also expected to climb in the year ...

  Dubai / Emirates Business A10 Networks (NYSE: ATEN), a technology leader in application networking, announced that it has joined the Cisco® Solution Partner Program as a Solution Provider. The Internet of Everything (IoE) continues to bring together people, processes, data and things to enhance the relevancy of network connections. As a member of the Cisco Solution Partner Program, A10 ...

  Sharjah / Emirates Business ‘1001 Titles,’ an initiative from Knowledge without Borders, has announced the release of its debut collection of publications. The inaugural series of books from the project, which was launched in conjunction with 2016 being declared as the Year of Reading, is the first step in its plan of releasing 1001 new Emirati books during this ...

  AP Billboards and street signs have gone up across Egypt’s capital extolling austerity and hope, part of a pro-government public relations campaign aimed at preparing Egyptians for sweeping economic reforms. The advertising blitz follows last month’s provisional agreement by the International Monetary Fund to give Egypt a $12 billion loan over three years to help President Abdel-Fattah el-Sissi’s government ...

  Bloomberg Indian clothes maker T.R. Vijaya Kumar thinks it’s time for his country to take on Bangladesh, Vietnam and even China for leadership in the global apparel industry. He’s a second-generation manufacturer, who’s transformed his small family undershirt business in southern India into an apparel exporter of 1,700 employees and aims to double its sales by 2020. When it ...

  Bloomberg China Overseas Land & Investment Ltd., the country’s second-largest developer by market value listed in Hong Kong, said first-half profit jumped 21 percent on gains from property sales as the nation’s residential prices soared. Net income rose to HK$19.7 billion ($2.5 billion) from HK$16.3 billion a year earlier, the company said in a Hong Kong stock exchange filing. ...