business

Why Pakistan’s bank loans will remain flat

Loans from commercial banks will stay at 6 per cent on the back of continuing economic uptick and low inflation, a cheerful central bank says. The State Bank of Pakistan (SBP) is buoyed with what it described as prospects of strong economic growth and inflation staying “within comfortable bounds” as it unveiled its monetary policy for the next 2 months. ...

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Snapchat is finally releasing its special Lenses for iPhone X users

Apple teased iPhone X-exclusive AR Snapchat Lenses at the phone’s launch event last year, and today (April 6), Snapchat is finally releasing them. Only iPhone X users will be able to see the three lenses that are available today, thanks to the TrueDepth front-facing camera of the devices. Those lenses include a Mardi Gras-esque mask, a Day of the Dead ...

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UAE banks maintain robust performance

Banks in the UAE recorded a healthy profit growth of 4.6 per cent in 2017 while maintaining a close to zero revenue growth for the second year in a row, latest annual banking data shows. The revenue growth stagnation for the UAE banks stems from a tighter risk appetite as well as portfolio optimisation initiatives of banks which seek to ...

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Here’s how to find out if your Facebook account was one of 87 MILLION harvested in Cambridge Analytica scandal

The Facebook accounts of up to 87 million people may have been “improperly shared” with shadowy data firm Cambridge Analytica, the social network admitted today. The admission came as Facebook announced plans to tighten up privacy on their platform in the wake of the scandal. Political strategists firm Cambridge Analytica was originally thought to have harvested around 50 million user ...

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VAT has not taken shine off gold-buying sentiment

Despite concerns that value added tax (VAT) will result in shoppers being overly cautious about buying gold jewellery, retailers say that the tax has not had much of an effect on customers’ buying sentiment. Speaking to Khaleej Times at the 44th edition of the MidEast Watch and Jewellery Show in Sharjah, Sajith Kottayan, regional manager of sales at Devji Aurum, said: “I think ...

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Beware: Fake WhatsApp app can steal data from your phone

A fake version of popular instant messaging application WhatsApp is floating across the internet. Used by over 1.5 billion monthly active users worldwide, WhatsApp has become a way of life and has made its way even into the remotest of areas on the planet. However, the fake version of WhatsApp is called WhatsApp Plus, luring people to download it instead ...

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Amazon India sacks 60 employees, more may follow: Report

Just when the Indian job market was starting to revive after years of consolidation, Amazon has reportedly announced a reduction in its workforce. Amazon India sacked nearly 60 employees last week and more employees could be asked to leave following annual appraisals, The Economic Times reported. There may be more layoffs across teams as the company had put 25 percent ...

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