Facebook’s Zuckerberg breaks silence, admits mistakes, outlines fixes

Thursday, 22 March 2018

Breaking more than four days of silence, Facebook CEO Mark Zuckerberg admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a data-mining firm. Zuckerberg saidon Wednesday that Facebook has a “responsibility” to protect its users’ data and if it fails, “we don’t deserve to serve you.” Zuckerberg and Facebook’s No. 2 executive, Sheryl Sandberg, have been quiet since news broke Friday that Cambridge Analytica ...

Dubai completes $2.45 bln project financing for metro extension

Wednesday, 21 March 2018

The government of Dubai has completed a project financing worth about $2.45 billion for the extension of the city's metro rail system, Dubai's Department of Finance said on Wednesday. The project envisages a 15 kilometre (9 mile) extension of the Dubai Metro's Red Line, from Nakheel Harbour and Tower station up to the site of the World Expo, which the city will host in 2020. The metro extension is one of a number of significant infrastructure projects linked to the ...

Saudi Arabia signs Cyber Security MoU with Booz Allen Hamilton

Wednesday, 21 March 2018

During Saudi Crown Prince Mohammed bin Salman’s visit to the US, the Saudi Federation for Cybersecurity and Programming concluded today a memorandum of understanding with Booz Allen Hamilton, a company specialized in Cyber Security. The MoU aims to organize national competitions in cybersecurity judged by international juries, reported Saudi Press Agency. The first competition will be held on April 7, providing educational and training content in cybersecurity and the establishment of a ...

Tunisair looks to African routes as European battle brews

Wednesday, 21 March 2018

Tunisair is counting on new African routes to drive passenger growth as it prepares for increased competition for flights to and from Europe under an “Open Skies” agreement with the EU. The Tunisian state-owned airline will launch two new routes by the end of this year, to Sudan and Cameroon, the company told Reuters. That will bring the number of its African routes to 10, after it began flights to Guinea and Benin last year. New paths to growth could be vital for the survival of ...

Kuwait plans $6.6 bln industrial city

Wednesday, 21 March 2018

Kuwait’s Public Authority for Industry (PAI) plans to set up a multi-purpose industrial city in the Gulf Arab state with total expected investments of $6.6 billion, an official said on Wednesday.PAI Acting General Manager Abdulkareem Taqi told Reuters that the government would put in place the infrastructure for the city at an estimated cost of $600 million and would target around $6 billion in investments from the private sector to develop the bulk of the project.The industrial city, to ...

Dubai’s Future Blockchain Summit to unlock multibillion dollar opportunities

Wednesday, 21 March 2018

In line with the Dubai Blockchain Strategy, announced by Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum, crown prince of Dubai and chairman of The Executive Council, which mandates that Dubai becomes the world’s first-ever government to execute all applicable transactions using blockchain technology by 2020, the first official Dubai government-hosted event, the inaugural Future Blockchain Summit, was announced Tuesday.Taking place from May 2-3 at the Dubai World Trade Centre (DWTC), the ...

US arrests Iranian over alleged $115 mln sanctions evasion scheme

Wednesday, 21 March 2018

An Iranian who chairs a Maltese bank has been arrested on U.S. charges that he participated in a scheme to evade U.S. sanctions and funnel more than $115 million paid under a Venezuelan construction contract through the U.S. financial system, federal prosecutors said on Tuesday.Ali Sadr Hashemi Nejad, 38, was charged in a six-count indictment filed in federal court in Manhattan accusing him of a role in a scheme to evade U.S. economic sanctions against Iran, prosecutors said.Prosecutors said ...

Trump praises US military sales in talks with Saudi crown prince

Wednesday, 21 March 2018

President Donald Trump on Tuesday praised US defense sales to Saudi Arabia as a boost to American jobs.In Oval Office talks, Trump and Saudi Crown Prince Mohammed bin Salman discussed an agreement last year for $200 billion worth of Saudi investments with the United States, including large purchases of US military equipment. Trump said the military sales contributed to the creation of 40,000 American jobs.The talks were part of the first visit by the prince to the United States since he became ...

How Saudi-US trade relations have progressed over 85 years

Wednesday, 21 March 2018

Trade relations between Saudi Arabia and the US are considered a critical component of the relationship between the two countries. These relations date back to 1933 when the American Standard Oil Company of California discovered oil in Saudi Arabia. Since then, leaders of both countries have demonstrated keenness to develop trade and investment relations by establishing joint councils, committees and exchange trade delegation visits. According to preliminary 2017 data released by the General ...

Following protests, Uber and Careem asked to cease operations in Egypt

Tuesday, 20 March 2018

Egypt’s administrative court issued a ruling on Tuesday stopping the operations of ride sharing apps Uber and Careem, state media reported. Both services had sparked protests by taxi drivers who complained that the drivers did not need to pay the hefty fees to operate transportation vehicles. The court accepted a petition by a lawyer demanding the government stop licensing Uber and Careem activities in Egypt, including their online applications, state-owned newspaper al-Ahram reported on ...

How are we doing?

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed