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Jesper Koll to Head WisdomTree Investments Inc’s Japanese Unit

UAE News - Wed, 07/01/2015 - 12:12

Jesper Koll is joining WisdomTree Investments Inc. as its Chief Executive Officer in Japan. He was leading the equity research division at JPMorgan Chase & Co. earlier.

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Categories: UAE News

Bill Veghte Executive Vice President of HP Leaves the Company

UAE News - Wed, 07/01/2015 - 12:10

On Tuesday, Hewlett Packard made an announcement saying that its executive vice president, Bill Veghte is leaving the company. However no reason was elaborated for his departure.

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Categories: UAE News

Judges of US Appeals Court Agrees Apple Violated Antitrust Law by Conspiring to Raise Price of e-books

UAE News - Wed, 07/01/2015 - 09:43

On Tuesday, a three-judge panel of a federal appeals court agreed that in 2010 Apple had violated antitrust rules by scheming with publishers and raised the prices of electronic books which was dominated mainly by Amazon.com.

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Categories: UAE News

Xiaomi to Join the Brazilian Smartphone Market from July

UAE News - Wed, 07/01/2015 - 09:40

Xiaomi is venturing out of Asia for the first time and is headed to Brazil. It will be selling its low priced smartphones in Brazil from July.

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Categories: UAE News

New York City Rent Guidelines Board in an Unprecedented Move Votes to Freeze Regulated Rents on One-Year Leases

UAE News - Tue, 06/30/2015 - 09:48

The Rent Guidelines Board is responsible for regulating greater than one million apartments that have a stabilized rent and are located in the New York. On Monday, the Board voted 7-to-2 and decided on a freeze on one-year leases. This is surely an extraordinary move even been made by the board in the last forty six years.

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Categories: UAE News

Sysco Abandons Its Plans of Acquiring US Foods Inc.

UAE News - Tue, 06/30/2015 - 09:45

Although the merger of Sysco Corp and US Foods Inc. would have been beneficial for the companies and would have cut cost for both, but that isn't happening right now.

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Categories: UAE News

More Than 1.2 million New Jersey Residents are Expected to Travel During Fourth July Weekend Holiday

UAE News - Mon, 06/29/2015 - 11:40

A huge number of people are expected to travel during the Independence Day holiday which begins on Wednesday, July 1 and will last till July 5, Sunday.

From New Jersey alone, greater than 1.2 million people are expected travel and around eight to ten percent of the people are estimated to take the road.

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Categories: UAE News

Johns Hopkins research team explores link between pancreatic cancer and multiple genetic variation

UAE News - Sun, 06/28/2015 - 04:53

A research team at Johns Hopkins has found a link between multiple genetic changes and increased risk of pancreatic cancer. The detailed results of the study have been published in Nature Genetics.

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Categories: UAE News

eBay to Spinoff PayPal With the Financial Unit Starting to Trade Under Symbol PYPL from 20 July

UAE News - Sat, 06/27/2015 - 11:58

On Friday, eBay the US online giant said that its board has approved the plan of separating PayPal, the online payments unit. PayPal will start trading as an independent identity from July 20.

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Categories: UAE News

Twitter’s Head of Mergers & Acquisition Strategies Resigns

UAE News - Sat, 06/27/2015 - 11:53

Lately, Twitter has seen some top level departures and the latest is the resignation that comes from its Vice President for Corporate Development and Strategy, Rishi Garg. The top level executive with an Indian origin resigned from the micro-blogging site.

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Categories: UAE News

‘Taxi of Tomorrow’ May Soon be a Reality in NYC as Top State Court Backs the Program

UAE News - Fri, 06/26/2015 - 10:32

The 'Taxi of Tomorrow' program initiated by the New York City may be a reality in the city soon.

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Categories: UAE News

Investigation by NYC Authorities Says Whole Foods Overcharged Customers; the “Whole Paycheck” Reputation Remains

UAE News - Fri, 06/26/2015 - 10:30

The outlets of Whole Foods in the U. SA and Britain have faced a slump in sales due to the growing competition from some of the mainstream rivals offering organic and natural food at lesser prices. That may not be the only bad news for Whole Foods as investigation by the authorities found multiple violations in the outlets of the company.

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Categories: UAE News

Box and IBM Moving into Partnership to Attract Businesses

UAE News - Wed, 06/24/2015 - 10:09

In an announcement, Box and IBM said that they were going into a partnership which will allow their technologies to be integrated and the cloud products o be mutually mingled.

As the arrangement goes, the customers of Box will  be able to store their data on cloud services of IBM which  reportedly will have forty six data centers all over the world by this year's end.

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Categories: UAE News

Australia says Along with being a Founding Member it be the Sixth Largest Shareholder of Asian Infrastructure Investment Bank

UAE News - Wed, 06/24/2015 - 10:07

On Wednesday, a statement from the government said that Australia will become one of the founding members of Chinese-led Asian Infrastructure Investment Bank and also the sixth largest shareholder of the Asian regional bank.

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Categories: UAE News

According to S&P Dubai Real Estate Prices Likely to Drop Ten to Twenty Percent 2015

UAE News - Tue, 06/23/2015 - 09:53

On Monday, Standard & Poor's said that prices of residential property in Dubai are likely to drop by ten to twenty percent in the current year due to the soft demand and a slow growth in economic activity, as the investor sentiments face a subdued phase.

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Categories: UAE News

Survey Reveals the Name of Top Arab universities; Thirteen UAE Institutes find Place Among Top Hundred

UAE News - Tue, 06/23/2015 - 09:50

Brighter futures are in most cases attributed to better education. Youngsters are always eager to get education from institutions that ensure brighter future career prospects.

Recently the list of the new 2015 QS University Rankings of the leading hundred institutions from the fifteen Arab countries was released.

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Categories: UAE News

Toyota’s Chief’s Attempt to Diversity may Lead to Trouble

UAE News - Mon, 06/22/2015 - 09:55

Akio Toyoda's move in March of promoting three non-Japanese executives at top levels at headquarters of Toyota doesn't seem to be working well. The effort was intended in making the largest automaker of the world, more representative of the worldwide markets which it serves.

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Categories: UAE News

Oil prices Remain Unchanged Over Concerns of Supply Glut and Greek Debt

UAE News - Mon, 06/22/2015 - 09:48

The price of oil in the Asian markets remained more or less unchanged on Monday, followed by an initial drop. The major reasons for this are attributed to an oversupply concern as well as about the outcome over the Greek crisis which is going to be discussed in a eurozone meeting today.

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Categories: UAE News

MERS virus Hit Again with One Dead and One Infected in UAE

UAE News - Fri, 06/19/2015 - 11:21

MERS or the Middle East respiratory syndrome is a disease caused by a virus and was first discovered 2012. The disease was discovered when a patient from Saudi Arabia died while in London.

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Categories: UAE News

Dubai Ready to for the Yoga Wave on International Yoga Day

UAE News - Fri, 06/19/2015 - 11:18

Yoga is the secret for healthy life, the old secret has been discovered in a new way!

On Sunday, to mark the beginning of the International Yoga Day, about five thousand enthusiasts will create a mass yoga wave in Dubai.

Last year, the United Nations declared June 21 as the International Yoga Day which is also coincidentally the longest day of the year.

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Categories: UAE News

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