Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction deal to a record high of more than 90 percent. The Organization of the Petroleum Exporting Countries is curbing its output by about 1.2 million barrels per day (bpd) from Jan. 1. Russia and 10 other non-OPEC […]
Schematic of a bio-bot: Engineered skeletal muscle tissue is coupled to a 3-D printed flexible skeleton. Optical stimulation of the muscle tissue, which is genetically engineered to contract in response to blue light, makes the bio-bot walk across a surface in the direction of the light. Credit: Janet Sinn-Hanlon, University of Illinois I’ll bet you don’t have one of these at home. For the past several years, […]
13 February 2017 Full year revenues stood at AED 173.8 million (2015: AED 178.2 million) Group losses reduced by 30% year on year as firm continues with stringent cost control and gears up for 2017 long term strategy implementation Real Estate Investment Management and Investment Banking business lines recorded systematic increase in profits Turnaround of the Group’s operations expected during 2017 Advertisement SHUAA Capital today reports results […]
The merger of the National Bank of Abu Dhabi and First Gulf Bank will be official from April 1, with shares in the new company trading from the next day, it was announced on Monday. The Abu Dhabi Securities Exchange said that it had completed the procedures for the unification of the records of the stakeholders in both banks, state news agency WAM reported. The indicative market […]
The highly anticipated Samsung Galaxy S8 and S8 Plus are not official yet, but Samsung India has already launched what looks like a support page for the larger smartphone. Samsung had a bit of a mixed year in 2016, tasting both success and failure with its flagships. While the Galaxy S7 and Galaxy S7 edge proved popular and raised plenty of interest, the Galaxy Note 7 was […]
newslide Members of George Michael’s family say they are “extremely upset” that a recording of the emergency call reporting his death was leaked to the press. Lawyers for the family on Sunday said relatives want an investigation and “will expect the culprit(s) to be dealt with appropriately”. They said family and friends are appalled “that such a personal, painful and clearly confidential recording has been leaked”” On […]
February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]
TEHRAN — European governments are protesting Iran’s treatment of an Iranian-born scientist, now a resident of Sweden, who was arrested last year in Iran and who could now face the death penalty. The scientist, Ahmadreza Djalali, a physician who specializes in disaster medicine and has taught at universities in Belgium, Italy and Sweden, was arrested in April while driving to his family’s house after arriving in Iran […]
February 13, 2017 by: Anjli Raval, Oil and Gas Correspondent Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies and bolster prices came into effect. After more than two years of allowing market forces to balance supply and demand, Opec in November agreed to again influence […]
Netflix has the kind of content deals Facebook needs to truly make its mark in video. I have been watching with amusement Twitter’s push to provide video feeds of things like NFL games and other special events. Personally, I’d never consider watching the game, or any other significant TV event, on a social media app. But this type of TV-social […]
A model of EHang 184 and the next generation of Dubai Drone Taxi is seen during the seconde day of the World Government Summit in Dubai, United Arab Emirates, Monday, Feb. 13, 2017. Dubai hopes to have a passenger-carrying drone buzzing through the skyline of this futuristic city-state in July. Mattar al-Tayer, the head of Dubai’s Roads & Transportation Agency, made the surprise announcement Monday at the […]
For a long time TruePublica has consistently reported that Britain is the centre of the global money laundering business with its London Headquarters and network of off-shore tax havens. We have challenged reports and studies that have protected ‘The City’ and its army of suited mobsters that openly defy both domestic and international financial legislation whilst it administers the global looting machine. (Read our piece: Enemies of the State: […]
Dubai’s Roads and Transport Authority (RTA), in collaboration with the Chinese EHANG Company, on Monday announced that it had carried out the first test run of an autonomous aerial vehicle (AAV) capable of carrying a human, a world first. RTA said in a statement that it is set to start the operation of the AAV, named EHANG184 – effectively a driverless flying car – as early as […]
Muscat, February 14, 2017 Bank Sohar, continuing to invest in the capabilities and growth of its Executive Management members, has announced the appointment of Mr. Pieter De Witt, as the Bank’s new Chief Financial Officer and Mr. Khalid Khalfan Rashid Al Subhi, as the new AGM and Head of Compliance. Both; Mr. Pieter De Witt and Mr. Khalid Al Subhi are highly qualified individuals in their respective […]
Markets have started this week feeling much relieved, notes Bloomberg’s Richard Breslow, as the understandable fears that U.S.-Asia strategy might continue their lurch toward direct economic confrontation were given a respite. The phone call with Chinese President Xi went better than feared. And once the picture of the Japanese Prime Minister and American President high-fiving on the golf course was passed around, the sighs of relief were […]
|By Arabian Post Staff| Tesla founder Elon Musk described Dubai as a city of opportunity and achievements, and a beacon for tolerance and happiness, while announcing the launch of the company’s regional office. He was received by Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. .Shaikh Mohammad and Musk discussed the company’s activities around the world and its […]
Almost 20 US banks have been specifically targeted by Lazarus hackers. Image: iStock An aggressive campaign of malware attacks against dozens of banks across the globe has been linked to the notorious cybercriminal group known as Lazarus. The hacking gang, active since 2009, has been involved in a number of aggressive cyberattacks against financial institutions, including the theft of $81m from the Bangladesh Bank’s US Federal Reserve. […]
La La Land was the big winner at the 70th British Academy of Film and Television Arts (Bafta) film awards on Sunday night, the last big awards ceremony before the Oscars on February 26. The main Bafta nominations closely followed the Oscars’ list, with La La Land leading the pack with 11 nods (compared with 14 at the Oscars). Arrival had nine nods and Manchester by the […]
Photo The Jewish settlement Ma’ale Adumim, in the West Bank. Credit Dan Balilty for The New York Times WASHINGTON — President Trump, who presented himself as a staunch supporter of Israel during last year’s campaign, took a harder line on settlements in an interview published on Friday and indicated that he was rethinking his promise to move the United States Embassy to Jerusalem. Mr. Trump told an […]
|By Arabian Post Staff| Leading UAE bank FGB has successfully concluded one of Abu Dhabi’s first Special Purpose Vehicle (SPV) aircraft financing deals, in collaboration with Abu Dhabi Global Market (ADGM). The financing deals were part of ADGM’s innovative SPV regime, and were arranged to refinance two Etihad A380 aircraft bridge financings which were maturing in December 2016 and originally financed by FGB. Natixis Leasing secured the […]
US President Donald Trump’s two sons Eric and Donald Jr are set to attend the launch of The Trump International Golf Club in Dubai this month as guests of honour, it has emerged. It has yet to be confirmed whether the sons will formally launch the facility, a spokesperson for the club told Arabian Business. However, a spokesperson for Damac Properties, the developer behind the $6 billion […]
Nokia has unveiled its 4,5G Pro AirScale base station, as well as fleshing out its 4.9G portfolio. Image: Nokia If you’re expecting the next generation of mobile network technology to be 5G, you might need to think again: Nokia is betting there’s room for one more iteration of LTE before fifth-generation tech goes mainstream. Nokia last year announced its initial 4.9G products, saying it expects the first […]
The cost to upgrade the US electrical grid so it could cope with peak demands may be on the order of $180 billion, said the report in the Proceedings of the National Academy of Sciences As the planet warms due to climate change and hot days become more common, the US electrical grid could be unable to meet peak energy needs by century’s end, researchers warned Monday. […]
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