Friday 29 July 2016

Turkey dismisses military, shuts media outlets

Turkey on Wednesday deepened a crackdown on suspected followers of a US-based cleric it blames for a failed coup, dismissing nearly 1,700 military personnel and shutting 131 media outlets, moves that may spark more concern among its Western allies. So far, tens of thousands of pe


Twitter toils to boost users as income stalls

Twitter reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator's shares fell 11 percent in extended trading to


Verizon to buy Yahoo's core business for $4.8bn

Verizon Communications said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash, marking the end of the line for a storied Web pioneer and setting the stage for a big new internet push by the telecom giant. Verizon will combine Yahoo's se


New digital platform for film industry launched

Media Konnect, the first-of-its-kind digital social platform for the global media and entertainment industry, established by Krian Media, was launched today in the UAE. The platform aims to provide end-to-end solutions for the film fraternity, bridging the knowledge and connectio


Quest Arabiya expands online distribution network

Quest Arabiya, a Pan-Arab ‘free to air’ factual entertainment channel,  is building an impressive list of Internet Protocol Television (IPTV) partners allowing it to reach a huge online audience across the Mena region. Quest Arabiya is now working with InVision a


Verizon set to announce $5bn deal to buy Yahoo

Verizon Communications will announce an agreement on Monday to buy Yahoo for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months of uncer


Sovereign Art Prize for Mena launched

The Sovereign Art Foundation has announced the launch of its coveted Art Prize in the Mena region, the most prestigious art prize for contemporary artists, in association with Start, a non-profit organisation.   Having executed 12 successful years of Art Prize events in Asia,


Etihad backs Arab film fest in Australia

Etihad Airways and Arab Film Festival Australia are joining forces again in 2016 to bring the best of contemporary Arab cinema to Australian audiences. The 13th annual Arab Film Festival Australia opened in Sydney showcasing diverse films from Australia, Lebanon, Egypt, Iraq, Pal


Singapore bans newspaper linked to Islamic State

Singapore on Friday banned the distribution and possession of Al Fatihin, a newspaper linked to the Islamic State militant group, after government officials repeatedly warned against terror threats. The wealthy city-state saw its first case of terrorism financing this month, with


Verizon emerges as front-runner in Yahoo auction

Yahoo is focusing on US telecom company Verizon Communications as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday. A deal would boost Verizon's AOL internet business, which the company acquir

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