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Nick Jheng
Synology showcases its NAS, multimedia and video solutions at GITEX
DUBAI —Synology Inc. announced its participation at GITEX Technology Week 2019 at the Dubai World Trade Center. Synology will be showcasing its latest product innovations and solutions across three stations, which include storage foundation and digital workplace, smart surveillance solutions, and multimedia and networking for home."Synology is happy to announce our participation in GITEX Technology Week 2019 once again this year. It is a perfect platform for us to showcase our best-in-class innovations in Network Attached Storage (NAS), enterprise data protection, file sharing, and file syncing solutions as well as smart surveillance solutions to a niche audience attending the region’s largest technology exhibition from across the globe,” said Nick Jheng, Regional Manager of...
October 05, 2019

Synology showcases its NAS, multimedia and video solutions at GITEX

SNYY9672
GITEX Technology Week kicks off today showcasing solutions that drive growth
DUBAI – GITEX Technology Week 2019 kicks off today at the Dubai World Trade Centre. The region’s biggest tech trade show that features home-grown innovations aside from international brands, will conclude on Oct. 10.Dubai Internet City (DIC), the Middle East’s leading technology business community, is exhibiting several immersive and cutting-edge solutions from its business partners. Its participation is testimony to its vision to contribute towards Dubai’s technological growth and evolution.Under the theme of ‘Home to Great Ideas’, DIC is set to demonstrate how the community has fostered cross-collaboration and knowledge sharing; empowered start-ups through upskilling and incubation initiatives; attracted top talent; and facilitated the ideation and spread of technologies that...
October 05, 2019

GITEX Technology Week kicks off today showcasing solutions that drive growth

Peyman Al Awadhi
DIFC focuses on digital transformation to boost connectivity
DUBAI — Dubai International Financial Centre, the leading financial hub in the Middle East, Africa, and South Asia (MEASA) region, is continuing to prioritize digital adoption and transformation to enhance connectivity and accessibility in and around the financial hub. The new introductions to the infrastructure will further enable ease of doing business to and from the center, demonstrating DIFC’s understanding of the need to provide even greater convenience for the companies based in the center.A core component of the transformation will be the launch of next-generation Wi-Fi 6 in partnership with Huawei on Nov. 1, 2019, offering the fastest WLAN technology to date. The new solution will be deployed across the public areas in the DIFC, reinforcing the Centre’s position as the most...
October 05, 2019

DIFC focuses on digital transformation to boost connectivity

This combination of file pictures created on Dec. 21, 2017 shows the Boeing logo on the fuselage of a Boeing 787-10 Dreamliner test plane presented on the tarmac of Le Bourget airport near Paris on June 18, 2017, and the logo of Brazil's aircraft manufacturer Embraer also taken at Le Bourget airport, on June 23, 2013. — AFP
EU opens probe into Boeing tie-ups with Brazil's Embraer
BRUSSELS — The EU said on Friday it has opened an "in-depth investigation" into plans by US aviation giant Boeing to form joint ventures with the world's number three planemaker, Brazil's Embraer, citing competition concerns.The European Commission is "concerned that the proposed transaction may remove Embraer as the third largest global competitor in the already highly concentrated commercial aircraft industry," it said in a statement.The move by European competition authorities risked aggravating already tense US-EU commercial ties.Europe is preparing its response to billions of dollars' worth of tariffs Washington is looking to slap on its goods after the WTO gave it the go-ahead to retaliate for illegal subsidies to Boeing's rival Airbus.US...
October 04, 2019

EU opens probe into Boeing tie-ups with Brazil's Embraer

Job hunters wait to speak with Amazon recruiters at an Amazon Career Day event, where recruiters help candidates build interview skills, prepare them for job interviews and give them more information on the roles within the company, at Crystal City in Arlington, Virginia, in this Sept. 17, 2019 file photo. — AFP
US unemployment falls to 50-year low of 3.5% in September
WASHINGTON — America's jobless rate tumbled in September to its lowest level in 50 years, according to government data released on Friday, delighting the White House even though it may not assuage recession fears as President Donald Trump's trade wars persist.Meanwhile, with a strong dollar and slowing global economy, the US trade deficit widened in August, as the trade conflicts ate into export growth.Trump immediately cheered the good jobs data, claiming his economic record should shield him from efforts to impeach him, and shortly after said a trade deal with China was possible soon.But there was less-than-stellar news as well: the pace of job creation was the slowest in four months and wages fell, while the manufacturing workforce also shrank for the second time this...
October 04, 2019

US unemployment falls to 50-year low of 3.5% in September

Aircraft from Britain's third largest tour operator, XL Leisure Group, which operates XL Airways are seen parked on the tarmac at Manchester Airport in Manchester, north-west England, in this Sept. 12, 2008 file photo. — AFP
French court orders closure of XL Airways
BOBIGNY, France — A French court on Friday ordered the closure of long haul low cost airline XL Airways after it declared insolvency, the second carrier in France within a month to be wound up.The commercial court in Bobigny outside Paris rejected the sole offer for the carrier and ordered that it be placed in judicial liquidation. Its 570 staff will now lose their jobs.XL Airways had on September 30 halted all flights and had struggled to attract bids after being placed into receivership. Flag carrier Air France, which dominates the French market, said it was not interested.XL operates four Airbus jets serving mainly cities in North America, and some destinations in China, and had around 730,000 passengers last year.Its chief executive Laurent Magnin blamed in particular competition...
October 04, 2019

French court orders closure of XL Airways

ICD CEO Ayman Sejiny and IAP Integrated’s CEO Joann Maryam Enriquez sign the collaboration MoU on Thursday in Kuala Lumpur. — Courtesy photo
ICD, IAP Integrated sign MoU in Kuala Lumpur
KUALA LUMPUR — The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, on Thursday inked a collaboration Memorandum of Understanding (MoU) with IAP Integrated Sdn Bhd (IAP Integrated), the owner and operator of the Investment Account Platform or IAP. The collaboration MoU was inked during a signing ceremony held here.The MoU came as a result of an ongoing discussion about future collaboration, between ICD and IAP Integrated since the Jan. 22 during the visit of the IAP Integrated’s management team to ICD’s office in Kuala Lumpur.Ayman Sejiny, the CEO of ICD commented, “ICD is pleased to be the first organization that IAP Integrated turns to in an effort to market its crowd funding Fintech...
October 04, 2019

ICD, IAP Integrated sign MoU in Kuala Lumpur

Reserve Bank of India (RBI) governor Shaktikanta Das looks on during a press conference at the central bank's headquarters in Mumbai on Friday. India's central bank cut interest rates for the fifth time this year, revising growth forecasts as Asia's third-largest economy battles high unemployment rates and weak economic activity. — AFP
India central bank makes fifth rate cut, slashes growth forecast
MUMBAI — India's central bank on Friday cut interest rates for the fifth time this year, putting them at a near-decade low, while it also slashed its growth forecasts as authorities struggle to kickstart Asia's third-largest economy.The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends to commercial banks — would be reduced by 25 basis points to 5.15 percent, the lowest since March 2010.The RBI "decided to continue with an accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target", the Mumbai-headquartered bank said in a statement.The bank also slashed its economic growth forecast for this financial year to 6.1 percent, from 6.9 percent, noting that the global...
October 04, 2019

India central bank makes fifth rate cut, slashes growth forecast

In this file photo taken on June 02, 2015 British energy giant BP CEO Bob Dudley addresses a keynote speech during the World Gas Conference in Paris.  BP said on Friday that Chief Executive Bob Dudley, who oversaw the energy giant's response to and recovery from the devastating Gulf of Mexico 2010 oil spill disaster, will leave next year. — AFP
BP chief executive Dudley stepping down
LONDON — BP said Friday that Chief Executive Bob Dudley, who oversaw the energy giant's response to and recovery from the devastating Gulf of Mexico 2010 oil spill disaster, will leave next year.American Dudley, 64, will step down on Feb. 4, 2020 and retire at the end March, the company said in a statement, adding he will be succeeded by upstream division boss Bernard Looney, from Ireland.The announcement brings the curtain down on Dudley's 40-year career at the London-listed energy major, eventually steering it back into profit following the deadly oil spill tragedy that badly damaged its reputation.BP clocked up vast losses on clean-up and compensation costs and was forced to ax thousands of jobs and sell billions of dollars of assets to pay a total bill of $70 billion.Dudley...
October 04, 2019

BP chief executive Dudley stepping down

Almarai is No.6 world’s best regarded food company
Almarai has been ranked by Forbes among world’s Best Regarded companies for 2019. Almarai ranked sixth in the food business and 123rd on the list that included 250 companies. Forbes partnered with Statista to cull annual list of the world’s 2,000 largest public companies down to the top 250 best-regarded businesses ranked based on trustworthiness, social conduct, the strength of their products and services and how they fare as employers, by surveying 15,000 respondents from more than 50 countries. Almarai Company is the world’s largest vertically integrated dairy company and the region’s largest food and beverage manufacturing and distribution company. Headquartered in the Kingdom of Saudi Arabia, Almarai Company is ranked as the number one FMCG Brand in the MENA region and is...
October 03, 2019

Almarai is No.6 world’s best regarded food company

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