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70% of Dubai start-ups employ cloud computing solutions

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Monday announced the findings of The Cloud Report 2017, commissioned in partnership with IBM and produced by Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. Launched at a joint press conference ...

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Stocks gain on US tax plan, dollar sinks, Treasuries decline

Bloomberg Stocks kicked off the penultimate week of the year on a positive note after Republicans reached an agreement on the shape of US tax cuts. The dollar dropped and Treasuries headed lower. The S&P 500 Index rose to new highs Monday, and the KBW bank index rose to its highest since October 2007, as investors focussed on the progress ...

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Saudi cement shares surge on eve of 2018 state budget

Reuters Saudi Arabia’s stock market surged on Monday as cement firms climbed before the release of the government’s 2018 budget, which is expected to include an increase in infrastructure spending. The Saudi stock index surged 1.4 percent in active trade. Five of the 10 most heavily traded shares and six of the 10 top gainers were cement firms, with Najran ...

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