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|By Arabian Post Staff|Up to AED 7 billion in outstanding loans were restructured by UAE banks through negotiations with over 1700 small and medium enterprises in distress, the UAE Banks Federation has revealed. The restructuring was done under an initiative of the Federation named “Modus Operandi”. The initiative was launched by the Federation earlier in the year under which lenders to SMEs experiencing repayment difficulties agree to […]

Asian News by Media-Outreach, GCC Focus

|By Arabian Post Staff| Patent grants from the GCC in chemistry have seen a five-fold increase in the last decade, according to the World Intellectual Property Organization (WIPO). Producing up to USD102.6 billion worth of products a year, petrochemical industry is a main generator of patents from Gulf region along IT and electronics. “The petrochemical industry in the Gulf is of global standards where there is an […]

Banking & Finance

|By Arabian Post Staff| There is a growing digital divide between those wealth managers who offer engaging and client-friendly websites that are continually updated and improved, and those who are lacking in a number of key areas. The quality of the websites of the latter group is, at best, stagnating, and mobile websites in particular remain a weakness. These are the key findings of the new report […]

What's On

Unveiled at Apple’s special event in San Francisco today, the new iPhone 7 and iPhone 7 Plus can be ordered starting this Friday and are set to hit the market on September 16. The latest generation of Apple’s smartphones (pictured above) will introduce a number of new features, including water and dust resistance, an advanced 12-megapixel camera and an A10 Fusion chip architecture billed as twice as […]

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What's On

Apple Says Several Billion Dollars Set Aside for U.S. Taxes Apple’s chief executive says the company has put aside “several billion dollars” to pay tax liabilities in the United States as it repatriates some of its huge overseas earnings. Tim Cook told Irish state network RTE in an interview broadcast Thursday that the money, part of profits from 2014, should be brought back to the U.S. next […]

What's On

Set to arrive on September 30, iOS 10, the latest update of Apple’s mobile operating system, will offer a number of new features, including a redesigned lock screen, a more intelligent Siri digital assistant and new looks for other apps. One improvement to Siri will be especially welcome for at least one famous iPhone user: Barbra Streisand. In an interview over the weekend, the singer told NPR […]

What's On

Beginning “as early as next year,” Samsung may start selling refurbished smartphones directly to consumers. The new resale program is aimed at strengthening Samsung’s earnings as global phone sales slow down, according to report today citing “a person with direct knowledge of the matter.” Offering lower-cost refurbished phones could also help Samsung better compete against Chinese manufacturers whose cheap devices have cut into its sales, especially in […]

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Featured, India Takes

|ARABIAN POST SPECIAL| On April 13 this year, Emaar Properties disclosed to the Dubai Financial Market (DFM) that the company has agreed to take steps for a demerger of Emaar and Emaar MGF, the premier Dubai developer’s Indian joint venture. Beginning next week, the Arabian Post launches an investigative series on Emaar’s botched India experiment, which has cost the company billions in write-offs, embarrassing prosecution of the […]

What's On

Just months after its public launch, the self-driving truck startup Otto has been purchased by the ride-hailing giant Uber for an undisclosed amount. According to a Bloomberg estimate, the deal could be valued at about $680 million. Uber, whose “anyone-can-be-a-cabbie” business model has already shaken up the taxi industry, is also looking to provide autonomous car services in cities. Later this month, the company plans to begin […]

What's On

Just months after its public launch, the self-driving truck startup Otto has been purchased by the ride-hailing giant Uber for an undisclosed amount. According to a Bloomberg estimate, the deal could be valued at about $680 million. Uber, whose “anyone-can-be-a-cabbie” business model has already shaken up the taxi industry, is also looking to provide autonomous car services in cities. Later this month, the company plans to begin […]

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What's On

Just months after its public launch, the self-driving truck startup Otto has been purchased by the ride-hailing giant Uber for an undisclosed amount. According to a Bloomberg estimate, the deal could be valued at about $680 million. Uber, whose “anyone-can-be-a-cabbie” business model has already shaken up the taxi industry, is also looking to provide autonomous car services in cities. Later this month, the company plans to begin […]

What's On

Just months after its public launch, the self-driving truck startup Otto has been purchased by the ride-hailing giant Uber for an undisclosed amount. According to a Bloomberg estimate, the deal could be valued at about $680 million. Uber, whose “anyone-can-be-a-cabbie” business model has already shaken up the taxi industry, is also looking to provide autonomous car services in cities. Later this month, the company plans to begin […]

What's On

Just months after its public launch, the self-driving truck startup Otto has been purchased by the ride-hailing giant Uber for an undisclosed amount. According to a Bloomberg estimate, the deal could be valued at about $680 million. Uber, whose “anyone-can-be-a-cabbie” business model has already shaken up the taxi industry, is also looking to provide autonomous car services in cities. Later this month, the company plans to begin […]

Featured Blogs

INTERNATIONAL.  Nearly all of the Chief Strategy Officers (CSOs) surveyed by Accenture (NYSE: ACN) around the world acknowledge that digital disruption will reshape their industries, but very few are equipped to navigate the change. Those who feel most prepared are embracing new strategic alliances, devising more collaborative ways of operating with partners, and making themselves indispensable within a broader ecosystem.  For the report ‘Thriving on Disruption’, the Accenture […]

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What's On

As more and more enterprises give up license-based software in favor of faster, more convenient cloud services, the software industry itself is changing dramatically, according to a recent report from the advisory firm PwC (formerly known as PricewaterhouseCoopers). Although legacy software companies that have moved into the cloud are reaping the benefits of the growing “as-a-service” ecosystem, they are also facing some risks. The “PwC Global 100 […]

What's On

Has Samsung finally come up with a giant killer of a mobile device that can give it genuine leverage against Apple in that market? If the early reviews of the Galaxy Note 7 are any indication, that just might be the case. The Samsung Galaxy Note 7, set for release this week, has drawn almost unanimously positive reviews from technology media outlets. The Galaxy Note 7 is […]

What's On

Apparently, Google is working on a new operating system called Fuchsia but not much is known about it. Early evidence indicates that the new operating system might be a catchall OS that can run on computers, mobile devices and even Internet of Things devices. So far, Fuchsia consists of some work on Google’s code repository and on the GitHub code-sharing Web site. News of the new OS […]

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Featured

|Arabian Post Special| Sale of gold jewellery for cash is emerging as one of the major sources of gold supply and is accounting for almost a third of total supplies to the market this year. According to the World Gold Council, the high price level of gold in recent times has taken its toll on the jewellery sector and conversely recycling has sparked into life. Jewellery consumers […]

What's On

A federal appeals court yesterday ruled that the Federal Communications Commission (FCC) overstepped its bounds when it issued an order to preempt state rules limiting the development of municipal broadband networks in Tennessee and North Carolina. The decision was welcomed by the telecom industry, which has in some places fought against city-led efforts to expand broadband services to more people. Supporters of local broadband expressed disappointment and […]

What's On

Users like the convenience of Google’s Drive suite of applications, but the Docs, Sheets and Slides apps haven’t received high ratings from mobile users, especially when it comes to using them to make tables and charts. However, an update to the Docs, Sheets and Slides apps for Android released this week aims to make them easier to use than ever. For instance, when users copy a body […]

Middle East

Bomb-blasted roads, frequent blackouts, shortages of basic equipment and an untested consumer market are hardly conditions that make for natural entrepreneurial opportunities. But three Army veterans and one civilian who all served in Afghanistan have taken on those challenges in their new venture. Their company, Rumi Spice, buys saffron from Afghan farmers and sells it to international customers. Their business is part of a small crop of […]

Biz Tech

SYDNEY Australia’s first online national census was in chaos on Wednesday after the survey website crashed overnight due to a possible cyber attack, raising concerns over the country’s cyber security and criticism of its slow internet services. “It was an attack and we believe from overseas,” Australia’s chief statistician, David Kalisch told Australian Broadcasting Corp radio. Kalisch said that no data from the 2.3 million forms already […]

Asian News by Media-Outreach

|By Arabian Post Staff| Marya Group, headquartered in Abu Dhabi, announced an increase to its investment portfolio, bringing the total invested to more than $ 1 billion. Marya Group focuses on making private and public equity investments in cash-generating business with strong fundamentals across core economic sectors that are resilient: education, health care, food and beverage processing as well as real estate. Its investments are centered on […]

What's On

Despite recently weakening consumer sales for both the iPhone and iPad, Apple devices and software have enjoyed a growing presence in business enterprises. Out of net sales of nearly $234 billion in 2015, some $25 billion came through sales to large business customers, according to Apple’s most recent annual report, released in October. While those sales were just a small fraction of the company’s overall revenues, they […]

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What's On

A reported data breach affecting retailers using Oracle’s Micros point-of-sale systems could be linked to a Russian hacking group that stole up to $1 billion from banks in 2014. The attack on Oracle’s computer systems and Micros customer portal first came to light on July 25, according to IT security writer Brian Krebs. That’s when a Micros customer contacted the KrebsOnSecurity blog to report “a potentially large […]

What's On

Online business software provider Zoho has come out with new offerings for multichannel commmunication and marketing-focused email management. The tools are designed to help companies build better relationships with customers who communicate with them in a wide variety of ways. Released last week, the latest version of Zoho’s software for customer relationship management (CRM) features what the company said is the first email client designed specifically for […]

What's On

Today, Facebook officially took the wraps off what co-founder and CEO Mark Zuckerberg called the “biggest and most advanced hardware lab” in the company’s history. Designed for Facebook engineers and designers working on everything from improved data center equipment to virtual-reality cameras, the Area 404 lab covers 22,000 square feet, “the size of half a football field,” at the company’s offices in Menlo Park, Calif., Zuckerberg said. […]

Middle East

WASHINGTON — A cash payment of $400 million delivered to Iran in January became part of the presidential campaign on Wednesday, as Donald J. Trump seized on the money transfer as a sign of what he called the administration’s failed foreign policy — prompting a forceful White House rejection. Josh Earnest, the White House press secretary, said the payment to Iran was part of the resolution of […]

Middle East

BREMEN, Germany — Believing he was answering a holy call, Harry Sarfo left his home in the working-class city of Bremen last year and drove for four straight days to reach the territory controlled by the Islamic State in Syria. He barely had time to settle in before members of the Islamic State’s secret service, wearing masks over their faces, came to inform him and his German […]

Featured

|By Arabian Post Staff|Iran is exploring a return to international debt markets for the first time since 2002, a senior government official said, as the Islamic Republic seeks to finance an economic recovery a year after a historic nuclear deal that offered it a route out of isolation, Bloomberg reported. It quoted Economy Minister Ali Tayebnia, whose ministry is at the forefront of securing Iran’s access to […]

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