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The next successful hack may be your fault

It’s a near-certainty that your organization’s computer system has been or will be broken into. And even if you’re security-conscious and vigilant, you may be to blame. The overwhelming majority of hacks — including the huge Sony attack of 2014, the recent intrusions into the U.S. Democratic National Committee’s network and, probably, the $81 million Bangladesh Bank heist that pointed ...

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Merkel under fire as anti-migrant party wins

  Berlin / AFP German Chancellor Angela Merkel came under fresh fire over her open-door refugee policy on Monday after her party suffered a humiliating defeat against an upstart anti-migrant populist party in her home state. The right-wing populist Alternative for Germany (AfD) party clinched almost 21 percent in its first bid for seats in the regional parliament of Mecklenburg-Western ...

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Russia launches major military drills set to rattle Ukraine

  Moscow / AFP Russia on Monday launched large-scale military drills on Ukraine’s eastern border and around the Crimean peninsula, in the latest exercises set to rattle Kiev and the West. The defence ministry said 12,500 servicemen are taking part in the drills across its southern military region, which encompasses Russia’s volatile North Caucasus and the annexed Crimea region. The ...

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Oil rally boosts Saudi Arabia, property shares support UAE

  Dubai / Reuters Saudi Arabia’s stock market posted its biggest daily gain in four months on Monday as oil prices surged, while shares of Dubai’s property developers rose before a major exhibition for the industry this week. Riyadh’s stock index rose 1.7 percent to 6,204 points, and trading volume grew by more than half, as Brent crude futures jumped ...

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London stocks drop on strong pound

  London / AFP London’s stock market fell on Monday on a rallying pound, while eurozone indices rose further after a pre-weekend surge triggered by well-received US jobs data. Around 1015 GMT, London’s benchmark FTSE 100 index was down 0.25 percent, as the pound jumped above $1.33 in the wake of strong UK services sector activity that further eased concerns ...

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Global Grad Show to host cutting-edge tech

  Dubai / Emirates Business On its second year, the Global Grad Show is opening in Dubai from October 24-29 attracting an unprecedented number of student innovators exhibiting their unique designs. The show returns with 145 projects from 50 leading global universities, representing an almost three-fold increase in participation over last year and, for the first time, includes schools from ...

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Harnessing the power of data chaos to drive digital growth

  Siddhartha Bhattacharya / Special To Emirates Business The Era of Data Chaos has arrived. Businesses in UAE need a better way to face the mountains of data created every day. Depending on the industry, your company possesses between 1 million and 12 million gigabytes of information. Most of that data is unstructured. Of course, this makes document management chaotic. ...

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Saudi, Russia vow oil coop but not freeze

  Bloomberg The world’s top two crude-oil producers pledged to cooperate to stabilize global markets, while failing to announce any specific measures to bolster prices. “We have a number of tools at our disposal for joint actions,” Russian Energy Minister Alexander Novak said Monday following a meeting with his Saudi counterpart Khalid Al-Falih at the G20 summit in China. Russia ...

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