BBM Channels service, an extension of the Canadian company’s popular service, was launched globally late last month. Lefteris Pitarakis / AP Photo
BBM Channels service, an extension of the Canadian company’s popular service, was launched globally late last month. Lefteris Pitarakis / AP Photo

Etisalat and du pull plug on new BlackBerry service



UAE telecoms operators have abruptly pulled the plug on BlackBerry's newly launched BBM Channels social media service, only two weeks after its launch.

The mobile operator du said yesterday the service was no longer available, in response to guidelines from the Telecommunications Regulatory Authority (TRA).

“In accordance with the internet management policy issued by the TRA to regulate internet content that is not in line with moral, social and cultural values that the UAE stands for, the BBM Channel application is unavailable to du customers until further notice,” the company said yesterday. “We count on the support and understanding of our customers in this regard.”

Etisalat yesterday said on its Twitter feed that the service was not supported by the operator, eight days after insisting it was.

BBM Channels service, an extension of the Canadian company’s popular service, was launched globally late last month.

The service – supplied on BlackBerry 10 and BlackBerry OS devices – enables BlackBerry users, be they companies or individuals, to create channels linked to their profiles, that other users can subscribe to for updates.

"I updated the BlackBerry software on my phone and the service worked fine, and there was quickly quite a lot of local Arabic content generated," said Sameh Ahmed, a Dubai-based pharmaceuticals manager. "Then all of a sudden it stopped working."

The TRA declined to comment on the issue.

jeverington@thenational.ae

thamid@thenational.ae

selgazzar@thenational.ae

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Specs%3A%202024%20McLaren%20Artura%20Spider
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Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

COMPANY%20PROFILE
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Specs

Engine: 2-litre

Transmission: Eight-speed automatic

Power: 255hp

Torque: 273Nm

Price: Dh240,000

The Freedom Artist

By Ben Okri (Head of Zeus)

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

UAE currency: the story behind the money in your pockets
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company%20Profile
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.