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By Sankalp Phartiyal and Anya George Tharakan | MUMBAI/BENGALURU MUMBAI/BENGALURU Infosys Ltd cut its annual revenue growth target for the second time in three months as India’s software service exporters feel the pinch of major Western clients holding back on spending as they wait to see how November’s U.S. presidential election and Europe’s Brexit drama play out. While it reported second-quarter net profit grew 6.1 percent, the […]

|By Matein Khalid| The Algiers pact was a game changer in the international oil markets. Crude oil prices have risen to three month highs above $50 Brent after OPEC agreed to cut output to the 32.5 – 33 MBD range, with the symbolic Saudi-Iranian deal reinforced by a sharp drop in US inventories and Hurricane Matthew’s havoc in the Caribbean. Unfortunately for OPEC, the US land rig […]

By Mai Nguyen and My Pham | HANOI HANOI Samsung Vietnam will maintain its current staff numbers and its exports target this year, the firm said on Wednesday, despite the parent company scrapping its flagship Galaxy Note 7 phone following a series of battery fires. Samsung Electronics, which employs around 110,000 people in Vietnam, finally pulled the plug on the new Note 7 phone on Tuesday, less […]

By HWAIDA SAAD and NICK CUMMING-BRUCE September 30, 2016 BEIRUT, Lebanon — An array of groups allied with the Syrian government pressed an assault on rebel-held eastern Aleppo on Friday, as the World Health Organization said heavy bombardment of the area by Russia and Syria had killed 338 people in the last week, including more than 100 children. With more of the city’s already limited hospitals destroyed in the latest offensive, […]

By PETER BAKER September 30, 2016 JERUSALEM — From across the ocean and across the Green Line, they came on Friday to the mountaintop sanctuary of Mount Herzl to bid farewell to Shimon Peres, marking what one called the “end of the era of giants.” But the question of the moment was whether it was a funeral for a man or for his dream. Twenty-three years after Mr. Peres […]

Two years ago, Meitha Al Mazrooei and Rand Abdul Jabbar, two young architects, decided to form a partnership. The decision was born of frustration. Both had spent years studying their profession, Al Mazrooei at the American University of Sharjah (AUS) and Abdul Jabbar at Dalhousie University in Nova Scotia and Columbia University in New York, but given their views on the way that architecture is understood and […]

By Edward Taylor and Eric Auchard | PARIS/FRANKFURT PARIS/FRANKFURT Alarmed by the threat posed by Silicon Valley firms to their businesses in developing autonomous driving systems, it was evident at the Paris Motor Show this week that carmakers are seeking to fight back by cooperating in areas of technology development where previously they might have tried to compete. Three big carmakers – BMW (BMWG.DE), Daimler (DAIGn.DE) and […]

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WASHINGTON — The United States’ accidental bombing of Syrian troops over the weekend has put it on the defensive, undercutting American efforts to reduce violence in the civil war and open paths for humanitarian relief. The United States had thought that if a deal to ease hostilities in Syria, struck by Secretary of State John Kerry and his Russian counterpart in Geneva nine days ago, fell apart, […]

The Interpreter By MAX FISHER You could be forgiven, after five years of Syria’s war dominating front pages, for feeling lost. It is easy to track the war’s toll: It has killed 400,000 people, displaced millions, opened space for the Islamic State, and sucked in foreign powers, including the United States. It is harder to keep track of the how and why. The basics can seem even […]

/by Arabian Post Staff/The impact of the softening global economy continues to hamper the UAE’s office market as redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the emirates, according to leading international real estate consultancy Cluttons. Cluttons’ 2016 UAE Property Market Report, highlights the consultancy’s expectation for office market performance throughout the year and expects declines of close […]

SANA, Yemen — Doctors without Borders announced Thursday that it would evacuate its staff from six hospitals in northern Yemen because it could not get assurances that its hospitals would not be bombed again. The group blamed the Saudi-led military coalition for the decision, calling its bombing “indiscriminate” and its assurances of protection for health workers “unreliable,” citing the aerial bombardment of Abs Hospital in Hajjah Province […]

By HWAIDA SAAD and ROD NORDLAND August 14, 2016 BEIRUT, Lebanon — Fighting in Aleppo, Syria, killed dozens of civilians over the weekend, a high toll even for a city that has been the scene of intense fighting recently, a monitoring group said on Sunday. Government and Russian airstrikes and artillery bombardment of opposition neighborhoods and the outskirts of the city on Saturday killed 46 civilians, according to the Syrian Observatory […]

LONDON Sage Group, a provider of accounting, payroll and payments software for businesses, said cyber attackers had used an internal login to access the data of some of its British customers. The personal details of the employees of about 280 British companies were potentially exposed in the breach, a company source said. “We are investigating unauthorised access to customer information using an internal login,” the company said […]

By ROD NORDLAND and ERIC SCHMITT August 13, 2016 CAIRO — American military drones monitored Islamic State militants loading up hundreds of cars, buses and trucks with fighters and civilians and fleeing the city of Manbij, Syria, on Friday, as Syrian rebels advanced and the extremists lost yet another stronghold. On Wednesday, the Libyan city of Surt, held by the Islamic State for more than a year, also fell to pro-government […]

BEIRUT, Lebanon — Rebel forces and their jihadist allies challenged the Syrian government’s siege of opposition-held districts of Aleppo over the weekend, seizing military facilities in the city’s southwest and tentatively opening a road to the besieged area. The government, backed in the skies by Russian jets and on the ground by fighters from the Lebanon-based Hezbollah militant group, pounded the area with airstrikes and artillery fire […]

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 […]

UAE. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Dubai Real Estate Q2 Overview report that evaluates the impact of Britain’s exit from the European Union on the Dubai Real Estate Market across office, residential, retail and hotel sectors. Dubai caters to the most open real estate market within the region and as a result is more susceptible to […]

|By Matein Khalid|Brexit will have a profound impact on international banking. It was no coincidence that the shares of UK, German, Swiss, Italian, Spanish and other banks fell 20-25% in a single trading session on news of Brexit. Even American money center banks and investment banks with a large footprint in the City of London fell 8 – 10% on Friday, June 24, 2016. As Deutsche Bank […]

ABU DHABI // One of Britain’s most wanted fugitives is believed to be hiding in Dubai. British police want to question Shane O’Brien, 28, in connection with the stabbing death of 21-year-old Josh Hanson outside a bar in London last October. O’Brien was initially believed to be in the Netherlands but police said the latest information suggests he travelled to Dubai. “While our information links O’Brien to […]

BAGHDAD — As Britain on Wednesday looked back on its decision to go to war in Iraq 13 years ago, Thamir al-Shemmary went to the funeral of his brother and two nephews, killed over the weekend in Baghdad’s deadliest terrorist attack since that war began. Mr. Shemmary had a question for Tony Blair, the former British prime minister whose decision to join the invasion came under critique […]

|By Matein Khalid| David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on Friday, a 30 year low before the Plaza Accords. Britain has voted to […]

A mobile phone shows a Facebook page promoting Hillary Clinton for president in 2016, in this photo illustration taken April 13, 2015. Reuters/Mike Segar As the U.S. presidential campaign heats up, Facebook Inc is going out of its way to show its neutrality – an increasingly urgent matter for the social network as evidence of its power continues to emerge. Recent studies have shown the site has […]

The decision of British voters in last Thursday’s referendum to leave the European Union will have vast consequences for Britain, for Europe and for the world. For a day, the British people were the government, and by 52 per cent to 48 per cent, they took the decision to go. I was a British prime minister who believed completely that Britain’s future lay in Europe. I was […]

A journalist’s account of the conflict in Afghanistan details the cascading failures of the West Farewell Kabul: From Afghanistan to a More Dangerous World By Christina Lamb, William Collins, 640 pages, $25 There is a certain subspecies of journalist who comes to feel more at home in a foreign war zone than in her native land, who gets so plugged in with power brokers and average people […]

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