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February 20, 2016 Opinion
Abu Dhabi / EMIRATES BUSINESS Fool-proof communication channel could be a key to any organisation’s success. In a bid to achieve this while offering local corporates customised solutions, UAE-based cyber security firm DarkMatter has introduced innovative voice and chat application for iOS and Android. The application provides end-to-end secure communications, based on the latest advancements in cryptography, cryptographic implementations, and ...
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February 20, 2016 News
Sharjah / Emirates Business The Heart of Sharjah (HOS), one of Sharjah’s premiere tourist destinations, hosted a series of fun-filled activities and workshops for families and young people in collaboration with Maraya Art Centre under the title “Nabdhâ€, which is Arabic for pulse and with the participation of renowned puppeteers. Visitors of the Heart of Sharjah, from all ages, enjoyed ...
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February 20, 2016 News
Sunaina Rana / Emirates Business Gulfood, one of the world’s leading food trading platforms, would be marking its 21st edition at Dubai World Trade Centre (DWTC) on Sunday. The show would begin with top notch food exhibitors delivering the latest trends of food and offering new prospects to add more into the food trade in this region. Around 5,000-plus corporates ...
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February 20, 2016 Opinion
At a recent business conclave in Mumbai in the context of the “Make in India Week,†CNN’s famed foreign affairs commentator Fareed Zakaria made an innocuous suggestion to India’s Finance Minister Arun Jaitley during the course of an interview. “Another area of job creation which strikes me,†said Zakaria, “is not quite ‘Make in India’ but ‘Visit India.’ †Citing ...
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February 20, 2016 Opinion
China recently announced that it is relocating 9,110 villagers to make way for a giant telescope that — among other tasks — will search for extraterrestrial life. Once the unlucky residents are gone, the government will get down to the real business of the world’s largest radio telescope: attracting the scientific talent necessary to transform China’s economy. That won’t be ...
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February 20, 2016 Opinion
As the world’s equities markets are buffeted by bouts of intense volatility, analysts have started uttering a chilling phrase: bear market. China’s markets have entered this territory, and the US might not be too far behind. That possibility invariably leads to speculation that the declines are harbingers of worse to come, in other words, a recession. This question has attracted ...
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February 20, 2016 News, Uncategorized
SINGAPORE / AP Organisers of the Singapore Airshow said $12.3 billion in airplane deals were signed at the event this week, a sharp drop from the last show in 2014. Leck Chet Lam, managing director of Experia Events, said that this year’s figure was comprised of 10 deals, with another 40 made at undisclosed values. There were 24 undisclosed deals ...
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February 20, 2016 News
PARIS / Bloomberg French luxury-goods maker Kering SA reported fourth-quarter revenue growth that beat analyst estimates as the Gucci brand showed the first signs of a turnaround under Chief Executive Officer Marco Bizzarri and creative director Alessandro Michele. Sales climbed 8 percent on a comparable basis, Paris-based Kering said in a statement Friday. Analysts predicted growth of 4.1 percent, according ...
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February 20, 2016 News
Bloomberg After spending billions on its web operations to take on rival Amazon.com Inc., the last thing Wal-Mart Stores Inc. wanted to tell investors was that online sales momentum was slowing. Yet the world’s biggest retailer said that e- commerce sales rose only 8 percent in the fourth quarter. That’s down from 10 percent in the third quarter and 16 ...
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February 20, 2016 News
Bloomberg Sainsbury’s takeover of Home Retail was already of questionable logic. Getting into a bidding war for the struggling company would be even less sensible. Steinhoff International Holdings — a furniture chain once based in South Africa that’s seeking to expand in Europe — made an offer of about $2 billion for Home Retail that threatens to derail Sainsbury’s agreement ...
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