Dubai Electricity and Water Authority (Dewa) have amended Decree No 1 of 1992 to facilitate private players to participate in power generation and water desalination. According to Dewa, the amendment was to allow for the development of independent water...
Gartner, a research group, estimates that brands across the globe will spend about $3.3 billion (Dh12.1 billion) on advertisements on mobile phones in the year 2011. The driving factor according to the research group is the rise in consumers...
Australian Climate Change Minister, Greg Combet, said he expects to conclude details of a plan for a carbon tax soon after making progress in talks with lawmakers. The Multiparty Climate Change Committee- including the minister and lawmakers met yesterday...
Starwood Hotels and Resorts Worldwide, who owns prestigious brands like Sheraton, Westin, LeMeridien, W Hotels and the Luxury Collection is planning to launch an additional 100 hotels by the year 2015, in India. The group is famous for signing...
The emirate of Ras Al Khaimah (RAK) aims to increase the number of visitors to the region by the end of this year. RAK has been in a fast-track development mode with heavy investments in hotels and resorts. Some of...
Italian automaker Fiat SpA agreed late Thursday to acquire the U.S. Treasury's 6% stake in Chrysler Group LLC for $560 million, ending the Obama administration's involvement with the Auburn Hills automaker. The move gives the Italian automaker a 52 percent...
  No matter where you decide to play golf in Dubai always know that each of the courses is designed and maintained to championship-calibre levels. The luxury of Dubai is not lost when stepping out onto the golf course. In...

Sony Suit

Playstation is no more a play thing. Three men are suing Sony over data breach of the company'sPlaystation Network and Sony Online systems. They say that the company was aware of their security lapse before the cyberattack. The suit was filed...
Egypt will compensate 100 million Egyptian pounds ($16.8million) to Mobile operators in the country for the loss caused by disruption of services during the uprising period, reported state run Middle East News Agency quoting Communications Minister Maged...
In wake of reality television shows and the proliferation of TV sets in rural India, Anil Ambani's Reliance Broadcast Network targets a four-fold revenue growth in the next three years. Reliance Broadcast Network aims to achieve a revenue of Rs10...
Abu Dhabi recorded steady growth of 5.5% in the year 2010, in both number of hotels and visitors. According to the latest data compiled by the Abu Dhabi Statistics Centre (SCAD), the guests in hotel and serviced apartments in the...
Microsoft may have become slow but definitely not obsolete. On Tuesday, Microsoft Chief Executive Steve Ballmer is scheduled to launch Office 365, a combination of communication, collaboration and productivity software delivered via the Internet. Microsoft, which is holding an event...
Facebook was in the news thanks to the Zynga IPO the company which provides the famous Ville games on the social media. It is back again this time but on its own merit. The biggest social network Facebook, said advertising...
Nortel Networks Corp. bankruptcy auction ignites another patent war, with Apple and Research In Motion group snatching the Nortel Networks' patents for USD 4.5 billion. Bankrupt Nortel had put up for sale about 6,000 patents and related applications. It is...
Indians top as big spenders. Indians ranked twelfth in terms of visitor arrivals and ninth in terms of spending in America. On an average they spent about $4 billion (Rs 18,400 crore) in 2010. They are also ranked as...
Signs of slowing manufacturing growth and economic slowdown in U.S and China, the world's biggest energy users, has resulted in the crude oil prices to drop for the first time in four days. Futures declined 0.5 percent, trimming the biggest...

Skype in Facebook

Facebook Inc. plans to offer free video calls to its 750 million population by teaming with Skype Technologies SA. Microsoft Corp. had acquired Skype for $8.5 billion deal, which is expected to close later this year. It had also invested...