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Adobe Acquires Livefyre ; Terms of the Deal Not Disclosed

UAE News - 8 hours 28 min ago

Adobe said it plans to buy Livefyre, the service that engages audience with a real-time content marketing tool which sources its content from the web.

Adobe is most probably interested in Livefyre's tools that assist brands and publishers to collect, curate and publish content generated by the users.

Adobe wants to incorporate Livefyre into its Experience Manager. That is the company's content management service which helps build web sites and elementary mobile apps.

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Categories: UAE News

With a Slow- Growth Market, Renewable Developers Face Investment Challenges

UAE News - 8 hours 29 min ago

In the last decade, renewable power has undergone intense growth where shares of wind and solar in the total U.S. power generation has boosted about five percent last year compared to less than 0.5 percent noted in 2005.

Innovation, cost cutting with a range of subsidies are also factors that helped renewable energy reach new heights. The state renewable power mandates also create helpful credits with almost 50 cents per kilowatt hour in Massachusetts and New Jersey for solar power. That also complements the revenue flow that comes from power sales.

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Categories: UAE News

Freddie Mac Made Losses in the First Quarter But Not Too Big for a Government Infusion

UAE News - 8 hours 31 min ago

On Tuesday, Freddie Mac, the mortgage buyer said it made losses in the first quarter. However, the mortgage finance giant said the losses were not too big force it to request a government infusion.

Freddie Mac reported loss of $354 million in the Q1. Freddie is susceptible to quarterly losses as its derivative swing as they are sensitive to changes in the interest-rates.

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Categories: UAE News

More than 14% of population suffers from asthma in UAE

UAE News - 13 hours 35 min ago

Health experts have said that around 14 per cent of the population suffer from asthma in the United Arab Emirates.

Experts have said that there are several reasons for the spread of the disease in the country including dust and dirty air conditioning. Doctors at the Medeor 24x7 Hospital in Dubai said that 14 per cent of the population suffer from the condition and reasons might differ by season and individuals. Symptoms of the condition include breathlessness, wheezing, cough and chest tightness.

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Categories: UAE News

UAE planning to build mountain to bring rains

UAE News - 13 hours 40 min ago

The government of the United Arab Emirates, which is already known for ambitious megaprojects, is believed to be planning to build an artificial mountain in order to bring rains to the country.

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Categories: UAE News

California Housing Crisis Deepens as Population Grows in Most Cities

UAE News - Tue, 05/03/2016 - 09:10

Some statistical reports on Monday showed that California's housing crisis is deepening with its sudden growth in population. Last year, the population of California grew to 39.1 million and that's when it hit the housing. The increase of 348,000 people was about one percent.

Last year, there was a drop in the new housing units in California. That happened for the first time after the economic recovery started. The reason behind it was mainly wildfires which burnt two thousand or more homes.

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Categories: UAE News

Dollar Slips Against Some of the Major Currencies with Speculation Indicating no Interest Hikes Soon

UAE News - Tue, 05/03/2016 - 09:08

The dollar lost ground and dropped to its eighteen months low against vs. the Japanese currency yen. The greenback also reached its weakest point against the euro since August with speculation indicating that the Federal Reserve will not raise interest rates in the close future.

The dollar has been dropping against a basket of major currencies in the past month with traders not too optimistic about an interest rate increases June to twelve percent.

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Categories: UAE News

Alcoa and Bonneville Power Administration Agreement will Allow Intalco’s Ferndale Smelter to be Operational

UAE News - Tue, 05/03/2016 - 09:06

In an announcement, Alcoa, the lightweight metal company said it has reached an agreement with the Bonneville Power Administration which will help it to keep the Intalco aluminum smelter operational.

That comes as a relief for the workers as the smelter will not cut jobs when the second quarter ends as planned earlier by the New York City based company.

 The amendment in the power contract will be effective from July 1, 2016 till February 14, 2018. It also provides added right to use to market power during the period.

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Categories: UAE News

Health experts gather in Dubai for second Stroke Academy

UAE News - Mon, 05/02/2016 - 11:20

Leading health experts from the Middle East and North African region gathered in the city of Dubai to participate in the second Stroke Academy held this week.

The experts from the UAE have raised concerns over the disease and over a lack of expertise in physicians who are failing to diagnose the condition or the symptoms that can lead to permanent disability. Experts pointed out that it has emerged as the fifth leading cause of death in people aged 15 to 59 years and the condition could claim 2,000 lives by 2017.

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Categories: UAE News

UAEamong top ten remittance senderglobally, World Bank

UAE News - Mon, 05/02/2016 - 11:17

According to a new report by the World Bank, the United Arab Emirates is among the largest sender of remittance in the world as expatriates sent a massive $19 billion or Dh70 billion to their friends and families in a year.

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Categories: UAE News

Precious Metals Gain as Dollar Slumps

UAE News - Mon, 05/02/2016 - 09:04

All the precious metals including gold and silver marked higher as a gauge as the dollar reached its eleven months low following no interest rate hikes in the close future. The weaker than expected economic growth prospects in the United States made the Fed delay the interest rate hike which added further appeal to the non-yielding assets.

The gold market rushed ahead even with speculators moving back a step. Last week, the gold futures posted its biggest advance in the past two months. The bullion moved to its highest level in one year or more.

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Categories: UAE News

Berlin Bans Short Term Private Property Rentals through Online Platforms like Airbnb

UAE News - Mon, 05/02/2016 - 09:01

In a new move on Sunday, the authorities in the city started banning the short term private property rentals through online rental platforms like Airbnb and similar rivals.

The action is mainly aimed to provide more affordable housing for the residents in the German capital. Non compliance could draw heavy fines. The authorities are worried that the rising trend of renting out apartments to tourists via Airbnb, 9Flats, Wimdu and other numerous sites is resulting in supply deficiency and forcing up the rents.

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Categories: UAE News

Safety Concerns Lead South African Civil Aviation Authority to Suspend SA Express’s air Operator Certificate

UAE News - Mon, 05/02/2016 - 08:58

The South African Civil Aviation Authority (SACAA) suspended the operator's certificate of SA Express. The South African Express Airways SOC Ltd is a state-owned airline based which started operating in 1994. Flights of the airlines were grounded on Saturday, April 30th, as it failed to comply with the appropriate regulations for civil aviation.

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Categories: UAE News

App brings jet-sharing to the Middle East

UAE News - Sun, 05/01/2016 - 04:27

A new app has brought what is known as jet-pooling to the owners of jet airplanes in the Middle East nations allowing people to enjoy the benefits of private jet travel and not having to pay the entire expense for the flight. The new mobile app, called JetSmarter is helping jet owners in the region connect with each other for jet pooling.

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Categories: UAE News

Abu Dhabi’s Emirates Palace Hotel to serve burger with 24 carat gold flakes

UAE News - Sun, 05/01/2016 - 04:24

The ultra-luxurious Emirates Palace in Abu Dhabi is now offering a camel burger that will come with 24 carat gold flakes for the tourists.

Chef Carmine Pecoraro said that the 200-grammepatty is made with minced leg meat and includes cumin, garlic powder and onion powder. He said that the party is cooked over a gas-fired charcoal grill and is served in a sesame bun with lettuce and tomatoes. The chef uses halloumi cheese in the unique burger instead of western style cheese.

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Categories: UAE News

Q&A App Jelly Re-launches as a Modified Version

UAE News - Fri, 04/29/2016 - 05:35

Biz Stone, the cofounder of Twitter released Jelly in 2013. It was Q&A app which permitted people to crowdsource answers to questions.

However, it did not really take off well and the company decided to move away from the Q&A model and launch Super, which is a social networking app but did not get too much attention.

Stone and Jelly's other cofounder Ben Finkel after more than two years are planning to bring an entirely new version of Jelly which they believe will turn out to be highly successful.

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Categories: UAE News

S&P’s expect property prices to continue to fall in UAE

UAE News - Thu, 04/28/2016 - 13:07

Global ratings agency, Standard & Poor's said in a new report that it expects the property prices to continue to fall in the United Arab Emirates this year.

The agency cited lower hiring, softening business activity and the strong dollar as reasons for expecting a fall in property prices this year. The report, which was released on Wednesday, showed that the rating agency believes that there is no sign of market improvement in the country even as after improvements in housing affordability.

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Categories: UAE News

UAE prosecutor drops charges against six Ethiopian meat exporters

UAE News - Thu, 04/28/2016 - 13:05

The Foreign Affairs ministry of Ethiopia has announced that a prosecutor in the United Arab Emirates (UAE) has decided to drop charges against six Ethiopian meat exporters.

The prosecutor in Dubai in the UAE has sued the exporters after they were accused of exporting meat to the Arab nation that did not meet the required quality standards of the UAE. A total of Eight Ethiopian companies exported

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Categories: UAE News

Target’s New Bathroom Policy Draws Mixed Reaction

UAE News - Thu, 04/28/2016 - 09:09

How is the global smartphone market translating for Samsung, sluggish or a comeback to glory?

With Galaxy S3's launch in 2012, Samsung, the South Korean company, got to be called the smartphone king. Its immense popularity helped Samsung to earn record profits in five straight quarters. But with subsequent launches, the smartphone fortunes of the company appeared gloomy as those could not ignite the same kind of excitement among the customers. The dropping sales numbers led Samsung to seven consecutive quarters of profit decline.

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Categories: UAE News

Samsung Reported Profits of 6.68 trillion Beating Analysts’ Expectations

UAE News - Thu, 04/28/2016 - 09:03

How is the global smartphone market translating for Samsung, sluggish or a comeback to glory?

With Galaxy S3's launch in 2012, Samsung, the South Korean company, got to be called the smartphone king. Its immense popularity helped Samsung to earn record profits in five straight quarters. But with subsequent launches, the smartphone fortunes of the company appeared gloomy as those could not ignite the same kind of excitement among the customers. The dropping sales numbers led Samsung to seven consecutive quarters of profit decline.

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Categories: UAE News

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