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DUBAI / Reuters The government of Oman has raised $3.55 billion through a loan from a group of Chinese financial institutions, the latest fundraising by the sultanate which has borrowed over $10 billion this year to replenish coffers hit hard by lower oil prices. Oman signed the senior unsecured term loan, with a five-year maturity, on July 11, the finance ...

DUBAI / Emirates Business Trukkin Middle East has launched its new cloud-based B2B platform that unites customers with shippers and truckers in the Middle East region to create new business opportunities and deliver streamline logistics solutions. The startup was the brainchild of entrepreneurs from Saudi Arabia and the UAE, and was co-founded by Ahmed Al Nafie and Janardan Dalmia. Trukkin ...

DUBAI / Emirates Business Gemalto, the world leader in digital security, has announced its on-demand connectivity service. It is the first in the world to demonstrate full compliance with the stringent security requirements of the GSMA’s Security Accreditation Scheme for embedded SIM (eSIM) remote provisioning. As a result, OEMs, mobile operators and service providers worldwide can be assured that Gemalto ...

Emirates Business HP Inc. is reimagining the retail industry with the unveiling of its innovative and versatile all-in-one point-of-sale (POS) system, the HP ElitePOS. The company is working with leading retail and hospitality customers and partners to reimagine how technology can transform the in-store experience for customers. With e-commerce influencing consumers’ shopping experiences, brick and mortar retailers must ensure sales ...

DUBAI / Emirates Business Together with MTS, the largest mobile network operator in Russia, and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, Ericsson has conducted the first successful live trial with a commercial small cell product of Rel-13 Licensed Assisted Access (LAA) technology in Russia. The demonstration was conducted in an MTS test lab over a live network and ...

DUBAI / Emirates Business Mobile video is exploding. Over half of all video views are on mobile and mobile video consumption is increasing exponentially on Facebook. Mobile is where your customers watch everything from video ads to branded content—and it’s time to adapt yours to match. Businesses around the world are experimenting with PockeTVC including Emirates in the United Arab ...

When all right-thinking people in the nation’s capital seem to agree on something—as has been the case recently with legislation imposing new sanctions on Russia—that may be a warning that the debate has veered into an unthinking herd mentality. Sanctions were already an overused tool of foreign policy before President Trump this week peevishly signed into law a measure imposing ...

At their meeting recently, the makers of India’s monetary policy cut interest rates only marginally. They would seem to have had little choice—but also little confidence that a deeper cut would jumpstart the Indian economy. The preceding days and weeks had featured a deluge of worrisome data, all of it pointing in the same direction: the economy was slowing down, ...

US economic data releases this week fell short of consensus expectations and markets have been lowering their expectations of a Federal Reserve hike. That means there will be even more attention on the employment report for July, which will be released Friday. What is most needed—for Main Street, for Wall Street and for an orderly normalization of Fed policy—is a ...

Britain and France announced last month the death of the internal combustion engine, both scheduling it for 2040. Their ban on gas- and diesel-powered cars may only accelerate a process already well on its way, but it will help reduce the future effects of climate change and pollution now. The trend towards electric vehicles is coming from both government and ...