September, 2016

• 21 September

  GCC visitors top tourists in Ajman during Eid

  

    Ajman / Emirates Business Tourists from the Gulf Cooperation Council (GCC) countries including staycationers from the UAE were the top visitors of Ajman during Eid Al Adha holiday, according to Ajman Tourism Development Department (ATDD). Nationals from Egypt, Jordan, Kuwait, KSA, Bahrain and UAE were majority of the guests who stayed in Ajman’s hotels and hotel apartments, followed by ...

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• 21 September

  GCC fintech startups cash in on millennial banking needs

  

    DUBAI / Emirates Business GCC Financial Technology (FinTech) startups are cashing in on the always-connected banking habits of Millennials, say industry experts ahead of GITEX 2016. There is a surge in growth of “moneyhawks” — the high-income, and under-35-year-old customers who want constant mobile access to their banking and finance accounts. Banks often struggle to profit from their customers. ...

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• 21 September

  Sharjah Public Library workshop for teachers

    Sharjah / Emirates Business Teachers in Sharjah received a boost to their critical thinking abilities thanks to an initiative from Sharjah Public Library (SPL), a subsidiary of Sharjah Book Authority. The institution recently concluded an ‘Integrating Thinking Skills Programme’ workshop that was held in collaboration with Mawhiba Training and Positive Motivation Centre with the aim of training female teachers ...

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• 21 September

  First oil in two years leaves Libya’s Ras Lanouf port

  

    Benghazi / AFP An oil tanker left the Libyan port of Ras Lanouf for Italy, an official said, the first shipment since fighting erupted over control of the “oil crescent” two years ago. Oil is war-ravaged Libya’s key asset, and rival administrations have been vying for control of its oil wealth and territory since the 2011 uprising that overthrew ...

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• 21 September

  Oil advances near $45 as OPEC may hold formal meeting in Algiers

  

    Bloomberg Oil climbed near $45 a barrel after Algeria said OPEC may turn its informal talks next week into a formal session and as weekly industry data showed U.S. crude inventories declined. November futures rose by as much as 2.5 percent in New York. OPEC ministers can transform the gathering into an extraordinary meeting since they will all be ...

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• 21 September

  Saudi Binladin seeks second extension on Grand Mosque loan

    Reuters Saudi Binladin Group (SBG) has requested a second extension on an 817 million riyal ($217.9 million) Islamic loan being used to fund construction at the kingdom’s Grand Mosque, sources aware of the matter said. The talks to delay the loan repayment, originally due to mature on July 15, came after the Saudi government failed to fully reimburse the ...

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• 21 September

  Israel’s OurCrowd raises $72mn to boost crowdfunding deals

  Bloomberg OurCrowd Ltd., a website that connects investors to a pool of mostly Israeli and U.S. startups, said it raised $72 million to expand its operations and invest in other businesses. Jon Medved, the chief executive officer and co-founder of OurCrowd, said the new funds will be split evenly between the venture arm and the company itself, which plans to ...

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• 21 September

  OPEC seen failing to clinch oil-output deal

  

    Bloomberg OPEC probably won’t clinch a deal to limit oil production in Algiers next week as members stay focused on either boosting output or defending their market share, according to a Bloomberg survey. The Organization of Petroleum Exporting Countries, which will hold informal talks with Russia on Sept. 28, faces the same internal rivalries that thwarted a previous agreement ...

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• 21 September

  Say hello to Google Allo

  

    Bloomberg Google unleashed its digital assistant for the first time, arriving late to the intensifying race among the largest technology companies to create a more personal and lucrative way for computers to interact with humans. The Google Assistant uses artificial intelligence tools, such as voice recognition and natural-language processing, to answer questions and satisfy other requests delivered verbally and ...

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• 21 September

  An algorithm to click a pic fits the mood

  

    Bloomberg Instead of hiring a professional photographer for an important marketing job last year, Massimo Portincaso gave the job to computer software. Portincaso, the head of marketing at the Boston Consulting Group, was tasked with overhauling his company’s website. It was a straight-forward assignment, giving the site a fresh look highlighting the business’s capabilities. When the time came to ...

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