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Apple to dole out $100bn to shareholders after profit drop

Wednesday, 24 April 2013

Apple reported Tuesday that its quarterly profit dipped for the first time in nearly a decade as it squeezed less money from its champions in the competitive smartphone and tablet markets. The maker of iPhones, iPads, iPods, and Macintosh computers stepped in to bolster its stock price by announcing a plan to more than double to $100 billion the amount it will spend to buy back its stock and pay out dividends to shareholders. Apple raised a coming stock dividend by 15 percent to $3.05 per common ...

Iranian robots do battle on the football pitch

Saturday, 20 April 2013

Students at Tehran's Computer Science Faculty of the Science and Technology University are putting their robotic creations through their paces ahead of this month's RoboCup event. Their strength they say is in their programming skills because they have serious problems accessing necessary parts for their robots due to international sanctions. The international community fears Iran is developing a nuclear weapon; Iran insists its work is for peaceful purposes. Many parts needed for building ...

China's ZTE says it halted Iran business despite ‘unfair’ restrictions

Thursday, 18 April 2013

ZTE Corp, China's second-largest telecoms equipment maker, has essentially stopped doing business in Iran after a U.S. investigation into alleged sales of embargoed equipment, the company's chairman told Reuters on Thursday. ZTE said in March 2012 that it would curtail business in Iran following a report by Reuters that it sold Iran's largest telecoms firm a powerful surveillance system capable of monitoring telephone and Internet communications. The company is now facing a U.S. criminal ...

Skype officially blocked in UAE: telecoms authority

Wednesday, 10 April 2013

Skype, which offers free video, audio and text communication via the internet, is officially banned in the United Arab Emirates, said the Telecommunications Regulatory Authority. Neither of the country’s service providers - the Emirates Telecommunications Corporation (Etisalat), and the Emirates Integrated Telecommunications Company - had submitted a request to the authority to lift the ban, said TRA General Manager Mohamed Nasser al-Ghanem. “Skype is still blocked, and will remain ...

Etisalat unblocks Skype website in UAE despite risk to revenues

Monday, 8 April 2013

The United Arab Emirates' top telecoms operator Etisalat has stopped blocking the website of Skype, the world's number-one internet-based phone call provider, although the move could put further pressure on the state-controlled firm's revenue. Voice over Internet Protocol (VoIP) providers such as Skype allow for free internet-to-internet phone calls and messaging, while tariffs for internet-to-mobile or landline phone calls are dramatically cheaper than by conventional means. Skype is owned by ...

Kuwait’s Zain says Iraq unit to complete IPO by end of 2013

Sunday, 7 April 2013

Kuwait's number-one telecom operator Zain on Sunday said its Iraqi unit would complete an initial public offering by the end of 2013, signaling a further delay in the sale process. Zain's 2012 earnings release states Zain Iraq would likely launch an IPO in the first half of 2013, but the company's chairman now appears to have extended that target date. "We are now taking the legal procedures and we think by the end of the year we will finish the public offering," Asaad Ahmedal-Banwan ...

Apple tipped to launch new iPhone this summer

Wednesday, 3 April 2013

Apple is planning to begin production of a new iPhone similar in shape and size to its latest version, the Wall Street Journal reported today. Sources told the newspaper that the latest model would be launched this summer. Apple however refused to comment on the matter, the WSJ said. Apple is also continuing its work to produce a cheaper iPhone with its partners in Asia, the business daily reported. The new four-inch device will be likely ready by the second half of this year and will "use ...

Skype, WhatsApp, Viber not blocked in Saudi Arabia despite threat

Sunday, 31 March 2013

Saudi Arabia’s telecommunications regulator didn’t block messaging applications despite an ultimatum it gave to telecom companies if they failed to monitor these applications. Al Arabiya correspondent said messaging applications, such as Skype, WhatsApp and Viber were not blocked in Saudi Arabia, and an agreement is expected to take place between Saudi Telecommunications and Information Technology Commission and telecom companies . On Monday, the commission urged telecom companies to ...

BlackBerry wins dismissal of U.S. shareholder lawsuit

Saturday, 30 March 2013

A U.S. shareholder lawsuit accusing smartphone manufacturer BlackBerry of seeking to fraudulently obscure its falling market position was dismissed on Friday. U.S. District Judge Richard Sullivan in Manhattan granted the company's motion to dismiss the proposed class-action lawsuit, finding the plaintiffs failed to adequately allege that the company or various executives had made deliberate and material misstatements. Sullivan said BlackBerry clearly had failed to keep pace with rivals in ...

Spam blocker falls victim to ‘one of the largest’ cyber-attacks

Thursday, 28 March 2013

One of the largest ever cyber-attacks is slowing global internet services and the disruption could get worse, experts said on Wednesday, after an organization blocking “spam” content became a target. The attacks targeted Spamhaus, a Geneva-based volunteer group that publishes spam blacklists which are used by networks to filter out unwanted email, and led to cyberspace congestion which may have affected the overall Internet, according to Matthew Prince of the US security firm ...

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