August, 2016

• 16 August

  Software maverick warns China of hacking weakness

  

    AFP China leads the world in connecting everyday devices to the internet, but is creating huge hacking vulnerabilities for itself and others by doing so, renegade American software pioneer John McAfee warned. Hackers had already been able to gain control of devices such as safes and heating controls, and take over the computer systems of automobiles and aeroplanes, he …

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• 16 August

  Cyberdyne shares tumble after Citron targets firm

    Bloomberg Cyberdyne Inc., a Japanese maker of robot exoskeletons for patients with spinal difficulties, tumbled after short-seller Citron Research said the company’s stock is poised to plunge. Shares fell as much as 11 percent in morning trading in Tokyo after Andrew Left’s Citron said Cyberdyne is too expensive, citing declining growth in the company’s core assistive-limb product and valuations …

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• 16 August

  India’s Hike wins $1.4bn Tencent, Foxconn backing

  

      Bloomberg Hike Messenger became India’s newest internet unicorn after securing a round of funding at a valuation of almost $1.4 billion from investors including Tencent Holdings Ltd. and Foxconn Technology Group. The app, which seeks to compete with Facebook Inc.’s WhatsApp, raised more than $175 million via a series D round in which existing backers Tiger Global, SoftBank …

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• 16 August

  Targeting revival

  

    AFP Sitting cross-legged, 68-year-old Supadmi fires an arrow across a field into a small stick target and sets a bell ringing, taking the lead in the game — an ancient form of Indonesian archery. She was among sportsmen and women in colourful headdresses and sarongs who sent hundreds of arrows flying through the sky in unison at a recent …

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• 16 August

  Driven by need, they break the mould

  

    DPA The heroes of Africa’s highest mountain like to call themselves Wagumu – “soldiers” in Swahili. On Mount Kilimanjaro, they perform the same role as the sherpas in the Himalayas: tireless burden bearers hauling baggage and equipment to the base camps for visiting mountaineers – through rainforest, scree and ice fields. For decades, it was a world dominated by …

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• 15 August

  DFM achieves 100 per cent compliance in Q2

    DUBAI / WAM Dubai Financial Market (DFM) on Monday announced that its 47 UAE-listed companies showed a 100 percent compliance to disclose their Q2- 2016 results within the deadline of 45 days from the end of the quarter. In a statement, the DFM said it submitted a detailed report to the Securities and Commodities Authority (SCA) including the companies’ …

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• 15 August

  DEWA awards AED197mn power transformer contracts

  

    DUBAI / WAM Dubai Electricity and Water Authority, (DEWA) announced the installation and launching of the main 400 kilovolt (kV) power transformer, in addition to a number of other projects worth a total cost of AED197 million, at the Hassyan Clean Coal Power Plant. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “This project supports the Dubai …

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• 15 August

  UAE leaders greet Indian President on I-Day

    ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan sent a congratulatory cable to Shri Pranab Mukherjee, President of India, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown …

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• 15 August

  RAK FTZ ‘awards’ announced

    RAS AL KHAIMAH / WAM Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) have opened submissions for the third RAK Free Zones Business Excellence Awards, set to take place on January 19, 2017. With the commitment to expanding competition and involving more industries, this year’s awards programme will also include the businesses …

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• 15 August

  UAE leads region in innovation rating

    Abu Dhabi / Emirates Business The UAE showed a significant improvement in its innovation standing on the 2016 Global Innovation Index which was officially launched today at a press conference held at the European headquarters of the United Nations in Geneva, Switzerland. The UAE ranked first among Arab countries and 41st worldwide in terms of overall performance on the …

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