Apple goes red against Samsung, this time in South Korea. On Friday Apple Inc, widened a legal battle against Samsung Electronics Co. by filing suit against the major electronics makes in its home market of South Korea. a country where...
Was is it that Microsoft paid 9.9 times of Skypes? 2010 revenue or the fact that Microsoft would be able to avoid huge tax liabilities by purchasing using overseas funds or even the fact that Microsoft has a Skype...
Driving organic traffic is quintessential for gifting sites to enhance their performance and rank higher on search engines such as Googe, Yahoo, etc. In this article, you will a few SEO hacks to improve your website performance. Business and website...
Reliance Communications, India?s second-largest mobile phone operator, is in talks with TPG Capital and Carlyle Group for purchasing stake in the company. Other potential investors interested in the deal include Blackstone Group LP (BX) and London-based Apax Partners LLP. Anil...
Rolls Royce signs a new deal with Ethiad Airways for providing long-term engine services and performance enhancement kits worth $360 million. The Abu Dhabi-based Ethiad Airways will receive TotalCare? services for Trent 700 engines that power the Airbus A330 aircraft....

Dubai to host Sibos

Sheikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee, announced that Dubai will host the premier international banking and financial services seminar, in 2013. Sibos is expected to be held in September 2013 and will...

Sipchem Sukuk

Sipchem (Saudi International Petrochemical Co) plans to fund its expansion with Islamic bonds and expects to raise up to 2 billion riyals ($533.3 million) from the issue. The company has already started the road show for the Sukuk sale and...
Abu Dhabi?s consumer price index rose by 0.40% in the month of May, due to weakening dollar against global currencies. The average price rise in consumer items rose by about 2.5% in the last five months compared to the...
Data center facilities equipped with computers that are used for processing or transmitting data, are back in demand. With the internet boom and the increasing number of companies outsourcing their data storage, demand for these buildings can only increase. However, with...
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...
The UAE recorded the highest growth in energy consumption in the Arab world and is mainly attributed to rapid population rise and a steady expansion in non-hydrocarbon sectors. The demand for oil and other hydrocarbon products grew by about...
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...
The tech bubble seems to be getting bigger and bigger, thanks to the humongous Zynga and Groupon IPO?s. In such a hot and happening environment Twitter goes the opposite direction. Rather than go out to the public, it has...
A government probe into leaks of economic data has caused a furore among investors. The leak of the statistics of the world?s second largest economy is benefitted by the insiders, while it leaves the traders confused. Monthly information on China's...

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...
When Groupon Inc., the daily-deals leader, filed for a $750 million IPO issue earlier last month, a ripple effect was expected, and here it is. LivingSocial, the second-largest discounted deals operator, is said to be in talks with investment banks...
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...
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...
The US backlash against India?s $70 billion outsourcing industry gained further momentum when a district attorney in Texas ordered Infosys to clarify allegations of visa misuse by one of its employee. The district attorney has launched the investigation on...
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...
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...
Saudi shares settled in the positive territory at close Saturday, led by banks and cement companies, as the outlook for higher crude prices made up for International Energy Agency?s move to release 60 million barrels of oil in the...
Saudi, the petrochemical giant, experience record sales and revenue this year after increasing the output capacity. Compared to other gulf companies, Saudi Basic Industries Corporation (Sabic) has no plans to go to the markets.? The Saudi government owns 70 per...
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...
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...
Dubai Islamic Bank opened their exclusive new branch on Al Maktoum Road, Dubai ? the Al Islami Private Banking branch. This new concept branch would offer greater convenience and personalized and exclusive services for Al Islami Private Banking customers. Being...
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...

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...