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Friday August 7, 2020
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17 , Dhu al-hijjah , 1441
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August 7, 2020
UAE Dirham included as the first settlement currency in 'Buna' platform
ABU DHABI — The Central Bank of the UAE (CBUAE) has signed an agreement with the Arab Monetary Fund (AMF) to include the UAE Dirham as a settlement currency in the Arab Regional payments clearing and settlement system called "Buna"."Buna" is a multicurrency platform that provides clearing and settlement services of cross-border payments in eligible Arab and foreign currencies across the Arab region and beyond, with links to major trade ...
August 7, 2020
Asian equities fall as US extends attack on Chinese tech; gold renews record
By Ipek OzkardeskayaGENEVA — US equity indices gained for the fifth day on hope that an additional fiscal stimulus package would soon be signed, or extra measures including enhanced benefit payments, payroll-tax holiday and student loan repayment relief would be forced by President Donald Trump if the deadlock among Congressional politicians persists.But investors in Asia got cold feet this Friday, as Trump prohibited US firms from doing business with the ...
August 6, 2020
ESET: Cybercriminals cash in on users adjusting to a Covidian world
DUBAI – ESET has released its Q2 2020 Threat Report, summarizing key statistics from ESET detection systems and highlighting notable examples of ESET’s cybersecurity research, including exclusive, previously unpublished ESET research updates.Threats related to the COVID-19 crisis defined the cybersecurity landscape in the second quarter of 2020, the Q2 2020 Threat Report shows.“Our telemetry showed a continued influx of COVID-19 lures in web and email attacks, as well as an ...
August 6, 2020
Vertical video the key to reaching KSA consumers: New report
RIYADH — As consumers in KSA continue to spend more of their time online, Snap Inc. has released a new report that captures the evolving role of mobile video in next-generation consumers’ lives.Snap Inc. commissioned The National Research Group, an independent market research company, to conduct a study to learn how Gen Z and millennials are engaging with this rising form of entertainment, and what to expect as we enter ...
August 6, 2020
Five early warning signs organizations are about to be attacked by ransomware
By Peter MackenzieDUBAI — Whenever we work with ransomware victims, we spend some time looking back through our telemetry records that span the previous week or two. These records sometimes include behavioral anomalies that (on their own) may not be inherently malicious, but in the context of an attack that has already taken place, could be taken as an early indicator of a threat actor conducting operations on the victim’s ...
August 6, 2020
Mimecast acquires MessageControl
DUBAI — Mimecast Limited, a leading email and data security company, announced it has acquired eTorch Inc. (d/b/a MessageControl), a messaging security provider with solutions designed to help stop social engineering and human identity attacks with the use of machine learning technology.The acquisition of MessageControl strengthens Mimecast’s Email Security 3.0 strategy that is designed to improve cybersecurity at the email perimeter, inside the organization and beyond the perimeter.The powerful combination ...
August 6, 2020
MGD opens 2 new showrooms as part of its global expansion plan
Malabar Gold & Diamonds, one of the largest global jewelry retailer, has opened two new showrooms in India as part of its global expansion plans. The new showrooms were opened at Kumbakonam in Tami Nadu and Chandigarh in Punjab. Malabar Group Chairman M. P. Ahammed inaugurated the showrooms through an online event. Senior directors, management team members, investors, and customers of Malabar Gold & Diamonds from over 10 countries attended ...
August 6, 2020
US fiscal talks progress, US attack on Chinese apps goes beyond TikTok
By Ipek OzkardeskayaGENEVA — US stocks extended gains as investors saw progress on negotiations for the US’s next fiscal stimulus package as White House made some concessions to end the deadlock, although Democrats ask for more. A deal is not reached yet, but House speaker Nancy Pelosi said Democrats are determined to seal a deal by Friday. So, the expectation that good news will soon hit the wires keeps investors ...
August 6, 2020
HSBC arranges inaugural green ECA loan for Ministry of Finance
Saudi Gazette reportJEDDAH — HSBC, one of the largest banking and financial services institutions in the world, recently arranged a $258 million export credit agency (ECA) loan for Saudi Arabia’s Ministry of Finance, which is the first for the Kingdom.HSBC acted as a mandated lead arranger (MLA), an original lender and the agent bank for the loan.The proceeds of the loan are being used to purchase buses from Germany for ...
August 5, 2020
8 things NGOs can do to survive the pandemic
DUBAI — Before the COVID-19 pandemic, the International Labour Organization (ILO) had already predicted that global unemployment would rise to 190.3 million during 2020. Lockdown has caused the global unemployment rate to spike even more than predicted. In the US alone, unemployment increased from 3.8% in February to 13% in May according to the US Bureau of Labor Statistics.Higher unemployment figures and salary cuts mean that those who once might ...
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