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Amazon picks New York City and Virginia for $5 bln new headquarters

Tuesday, 13 November 2018

Amazon.com picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for up to 25,000 people in New York City and close by Washington, D.C.Amazon plans to spend $5 billion on the two new developments and expects to get more than $2 billion in tax credits and incentives, with plans to apply for more.Its move ends a frenzied year-long bidding war among cities across North America, splitting the location among two finalists. In ...

Walmart Indian venture Flipkart loses CEO Binny Bansal after misconduct probe

Tuesday, 13 November 2018

The Chief Executive and co-founder of Walmart’s Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal misconduct, Walmart Inc said in a regulatory filing on Tuesday. Bansal has strongly denied the allegations, the company said in a statement. Bansal and his representatives could not be reached for comment. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other ...

Saudi Arabia confiscates illegal broadcast devices, protecting sports’ rights

Monday, 12 November 2018

Saudi Arabia’s authorities continued their campaign to eliminate pirated broadcast devices airing football leagues’ games and international sports’ championships. The government campaign, led by the Ministry of Trade and Investment, resulted in the confiscation of more than 3,780 pirated devices, which are sold in a number of markets. The government campaign which was launched weeks before the start of Russia 2018 World Cup comes from the keenness of the Saudi government to ...

Apple finds quality problems in some iPhone X and MacBook models

Saturday, 10 November 2018

Apple Inc. said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge. The repair offers are the latest in a string of product quality problems over the past year even as Apple has raised prices for most of its laptops, tablets and phones to new heights. Its top-end iPhones now sell for as much as $1,449 and its best iPad goes for as much as $1,899. Apple said displays on iPhone X, which came out in ...

Chinese state media debuts ‘AI’ news anchors

Friday, 9 November 2018

China’s state-controlled news broadcasters have long been considered somewhat robotic in their daily recitation of pro-government propaganda and a pair of new presenters will do little to dispel that view. Calling it a “world first”, Xinhua news agency this week debuted a pair of virtual news anchors amid a state-directed embrace of advanced technologies such as artificial intelligence (AI). Based on the appearances of two flesh-and-blood Chinese news presenters, the ...

What role SWIFT plays in re-imposition of US sanctions on Iran

Tuesday, 6 November 2018

The SWIFT system has quietly become the backbone of international finance, as its role in the re-imposition of US sanctions on Iran demonstrates.On Monday, it announced it had suspended several Iranian banks from its service, after the United States re-imposed nuclear sanctions on Tehran.The Belgian company is largely unknown to the general public and it rarely makes headlines, but its secure messaging system is key to banks transferring money among themselves, thus giving it a crucial position ...

Bridging knowledge gap in Mideast on IoT, industrial cybersecurity

Tuesday, 6 November 2018

“The Middle East region’s investment in Internet of Things (IoT) technology is set to reach $12.6 billion in 2021, up from $6.99 billion in 2018,” according to Norm Gilsdorf, president, Honeywell, High Growth Regions, Middle East and Russia. Gilsdorf on Monday announced the official opening of Honeywell’s innovation hub at the company’s regional headquarters in Dubai - the first of its kind in the Middle East. The Honeywell Technology Experience Center is designed ...

Saudi Arabia builds first house using 3D printing technology in the Middle East

Monday, 5 November 2018

As part of the wider Saudi Vision 2030, the country’s Ministry of Housing has announced the success of building the first house using 3D printing technology in the Middle East. “The aim of this experiment is to compete with the technological progress in the world of future construction, to benefit from the latest technologies in the world, and to be a pioneer in promoting the adoption of innovative construction techniques in the construction sector and the localization of its ...

Saudi justice minister launches e-notarization, aiming to drop paperwork

Monday, 5 November 2018

Saudi Arabia’s Justice Minister Waleed al-Sama'ani, has launched e-notarization, starting a new phase in the ministry’s digitization efforts. Starting November 18, e-notarization will provide several services that dispense of paperwork and spare clients the need to visit notarial offices for low-risk powers of attorney (PoAs). “The Saudi Ministry of Justice (MoJ) is continuing its efforts to achieve the objectives of the National Transformation Program 2020 and Vision 2030, ...

Emirates seeks Rolls-Royce A380 engine deal, nothing finalized

Sunday, 4 November 2018

Emirates is edging towards a deal with Rolls-Royce to power its latest Airbus A380 superjumbos but has not yet reached a final agreement, the Dubai-based airline said on Sunday. The fate of a lifeline order for up to 36 of the double-decker aircraft, of which Emirates already has over 100 in operation, has been widely questioned due to inconclusive talks over a separate deal between Emirates and engine makers. “We are getting closer (to a deal with Rolls-Royce) ...

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