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Updated: 7 hours 7 min ago

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

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

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

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

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

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

Pilgrim’s Pride Cooked Chicken Products Recalled over Possibility of Contamination with ‘Extraneous’ Materials

Thu, 04/28/2016 - 08:55

In an announcement on Tuesday, April 26, the U. S. Department of Agriculture said that more products of Pilgrim's Pride Corp are being recalled which will be an addition to the earlier recall of April 7.

The USDA's Food Safety and Inspection Service (FSIS) said that 4.5 million pounds or more of cooked chicken products are included in the list. The added number of recalls was initiated after authorities discovered that those night be tainted with plastic, rubber, metal, wood and other 'extraneous' material.

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Categories: UAE News

UAE’s SCA amends rules to cover financial planning

Wed, 04/27/2016 - 13:41

The Securities and Commodities Authority (SCA) of the United Arab Emirates has made some changes to extend its scope to cover full financial planning services.

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Categories: UAE News

UAE nuclear authority to focus on safety for reactors

Wed, 04/27/2016 - 13:40

The highest nuclear authority in the United Arab Emirates has indicated that it is making safety its topmost priority for the nuclear reactors in the country.

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Categories: UAE News

EBay’s First Quarter Earnings Report Beat Analysts’ Expectations; Company Raised its Full Year Revenue Forecast

Wed, 04/27/2016 - 08:24

On Tuesday, EBay Inc reported its quarterly earnings which surpassed the analysts' estimates. The company also raised its revenue forecast for the full-year. Its refurbish shopping platform has been successful in attracted more buyers which justified the growth concerns after it spun off PayPal Holdings Inc.

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Categories: UAE News

Chipotle First Quarter Revenue Drop; Company Struggling with Sales Growth

Wed, 04/27/2016 - 08:21

Denver, Colorado based fast food restaurant chain, Chipotle Mexican Grill Inc's first-quarter sales failed to keep up with the analysts' expectations. The company and reported its first loss after it went public.

In recent times, the food chain has been plagued by food- safety issues that scared away customers and it seems the company has a long way to go before it recovers fully.

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Categories: UAE News

Intel’s Global Job Cuts will Affect 784 Employees In Oregon

Wed, 04/27/2016 - 08:19

Recently Intel had announced that the company will trim 12,000 jobs this year. In Oregon, the company will lay off 784 workers. In a letter on Monday, Intel informed the state about its plans.
 

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Categories: UAE News

New "UAE B2C E-Commerce Market 2016" report released

Wed, 04/27/2016 - 03:22

Research and Markets has announced the release of its new "UAE B2C E-Commerce Market 2016" report specifically for the country.

The report showed that even as the UAE has a population of just around 9 million, the B2C E-Commerce sale volume in the country is higher than that in several countries in the region. The report includes information about characteristics and trends relating to online shopping in the United Arab Enmities (UAE).

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Categories: UAE News

Government launches ‘Youth Circles’ initiative across the UAE

Wed, 04/27/2016 - 03:19

The authorities in the United Arab Emirates have announced the launch of 'Youth Circles' initiative across the country.

Shamma bint SohailFaris Al Mazrui, Minister of State for Youth Affairs launched the initiative in the country. The initiative will hold its first meeting in Dubai on Wednesday under the theme 'Youth and future skills' and will initiative participating from a host of youth leaders and university students.

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Categories: UAE News

Goldman Sachs’s Online GS Bank is a Bank for Masses with minimum $1deposit

Tue, 04/26/2016 - 06:25

Goldman Sachs, the multinational investment banking firm launched the GS Bank. It is an FDIC-insured, online savings bank which will be a common man's bank and that means Goldman Sachs (GS) is now paving its way to be the bank for masses. The internet based bank will be available to anybody who has an internet connection and $1. That surely makes a difference from the company's minimum $10 million private wealth management accounts.

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Categories: UAE News

Families of Collapsed Rana Plaza Factory Workers Pay Tribute to the Deceased at the Site

Mon, 04/25/2016 - 06:10

It has been three years since the Rana Plaza factory complex, an eight-story factory building in Bangladesh collapsed where1, 100 or more people lost their lives and two thousand were injured. Families of victims and the union leaders say till now not enough compensation has been provided for those who were affected.

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Categories: UAE News

Maryland Port Administration Announced Royal Caribbean will Continue Year-round Cruises from Baltimore through 2020

Fri, 04/22/2016 - 08:36

On Thursday, Maryland Port Administration announced a contract that said; the Royal Caribbean International cruises will now sail all through the year out of the Port of Baltimore till June 2020.

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Categories: UAE News

In This Year’s First Technology Sector IPO, SecureWorks Raises $112 Million

Fri, 04/22/2016 - 08:34

SecureWorks Corp, Dell Inc's cyber security unit raised $112 million in this year's first initial public offering in the United States' technology sector. But it was not as much as the company had expected in the middle of investor's doubt regarding its prospects and profit margins.

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Categories: UAE News

Under Armour Turns Out to be Big Winner with Stephen Curry Signature Products

Fri, 04/22/2016 - 08:32

Stephen Curry had always been a fan of Nike and endorsed the products of the company for years till 2013. That was the time when the prime sports apparel producer lost its chance to re-sign Curry. That gave Under Armour , one of the company's rivals to nab the professional basketball player. The company launched a very successful line of signature footwear for the sportsperson.

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Categories: UAE News

US President Barak Obama visits Saudi Arabia

Thu, 04/21/2016 - 14:29

US President Barak Obama is on a visit to the Islamic kingdom of Saudi Arabia amid a wave of Islamophobia related incidences in the America.

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Categories: UAE News

Abdulla al-Ghurair Foundation launches $1.14BEducation Fund

Thu, 04/21/2016 - 14:26

The Abdulla al-Ghurair Foundation for Education has announced that it will launch a $1.14 billion education fund for Middle Eastern students.

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Categories: UAE News

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