October, 2016

• 8 October

  Spotlight on threats in fintech sector

  

    DUBAI / Emirates Business Business defence and cyber security specialists Applied Intelligence, part of the global technology and defence group BAE Systems, will host a forum dedicated to revealing the latest threats affecting the fin-tech sector, focusing upon corporate compliance and anti-money laundering (AML) strategies. Set to take place on October 10, the forum brings together local and global ...

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• 8 October

  Marrybrown opens outlet in BurJuman Mall

  

    Emirates Business Leading quick service restaurant chain Marrybrown opened its eight outlet in BurJuman Mall. Hadi Al Abbas of Al Abbas Group was the chief guest at the inaugural ceremony which was held recently. Being Malaysia’s largest homegrown chain with over 400 outlets in Asia, Middle East and Africa, Marrybrown boasts an extensive menu with 100% HALAL food. The ...

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• 8 October

  Your key to beat network blind spots and cyber attacks

    Chris Gale / Special to Emirates Business Encrypted traffic accounts for a large and growing percentage of all network traffic. While the adoption of SSL, and its successor, Transport Layer Security (TLS), should be cause for celebration – as encryption improves confidentiality and message integrity – it also puts organizations at risk. This is because hackers can leverage encryption ...

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• 8 October

  Saudi Aramco IPO to offer stake in all operations of company

  

    Bloomberg The world’s biggest oil company is planning to sell shares in the entire business and not just in its refining or distribution operations, its chief executive officer said in an interview. Saudi Arabian Oil Co., known as Saudi Aramco, will announce “very soon” a list of investment banks and consultants advising it on the initial public offering, CEO ...

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• 8 October

  Trafigura aims to boost metals trading with post-sanctions Iran

  Bloomberg Trafigura Group Ltd., the second-biggest metals trader, wants to increase business with post-sanctions Iran. The Singapore-based trading house is seeking to hire a Persian-speaking executive for its refined metals division to work with its traders to “identify, analyze, assess and propose business opportunities in the Arabian Gulf, especially within the rapidly changing Iranian market,” according to a job posting ...

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• 8 October

  IMF board may approve $12bn Egypt loan accord by November

    Bloomberg The International Monetary Fund said its board may be able to approve a $12 billion accord with Egypt by early November, as the country seeks alternative sources of financing to complement the IMF loans. Egypt is making “very good progress” on obtaining about $5 billion to $6 billion of additional funds, and is discussing the issue with Saudi ...

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• 8 October

  Oil declines after Russia sees no deal with OPEC next week

  

    Bloomberg Oil fell below $50 a barrel after Russia cast doubt over a deal any time soon with OPEC, following the group’s pledge to reduce production. Futures slipped 1.3 percent in New York after closing above $50 for the first time since June on Thursday. OPEC agreed in Algiers last week to cut output in a bid to shrink ...

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• 8 October

  A gas market ‘mystery’ floating in the Mediterranean

    Bloomberg A liquefied natural gas tanker plying the waters of the Mediterranean has created a guessing game for energy traders. The Maran Gas Delphi has taken a meandering course after loading up on U.S. shale gas a month ago at Cheniere Energy Inc.’s Sabine Pass export terminal in Louisiana. The ship anchored off the coast of Greece for several ...

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• 8 October

  Facebook’s Oculus pushes VR with new gear

  

    Bloomberg Facebook on Thursday worked to ramp up enthusiasm for its virtual reality line, unveiling new gear including a lower-end wireless headset prototype. The company’s Oculus virtual reality division is set to release in coming months a new “Touch” controller and a more affordable computer for powering virtual experiences using Rift headsets. “We are here to make virtual reality ...

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• 8 October

  Six reasons why Google should buy Twitter

  

  Bloomberg Talk of a Twitter Inc. buyout has been rampant in recent days, with companies including Salesforce.com Inc., Walt Disney Co., and Google all reported to be considering bids. While the search giant hasn’t officially confirmed its interest, analysts at Cantor Fitzgerald & Co. say Google’s the best of the likely buyers. Calling Google parent Alphabet Inc. “the one acquirer ...

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