By RANA F. SWEIS June 21, 2016 AMMAN, Jordan — Four Jordanian soldiers, a police officer and a civil defense officer were killed on Tuesday after a car bomb exploded on the Jordanian border with Syria, according to a statement by the Jordanian Armed Forces. The attack took place around 5:30 a.m. on the sand berm across from a camp for Syrian refugees in Rukban with more than 55,000 people […]
Beijing’s patent regulator has ordered Apple to stop selling its iPhone 6 and iPhone 6 Plus in the city because their design too closely resembles that of a Chinese phone. Apple is appealing the ruling, which marks the latest challenge to the tech company in its second-largest market. The two iPhone models violated design patents held by Chinese device maker Shenzhen Baili because of similarities in external […]
|By Matein Khalid| Sterling sell off in the world currency markets and the sheer populist appeal of Boris Johnson suggests the world should not rule out a geopolitical shock that will unnerve financial markets and lead to the mother of all rate cuts at the Bank of England. If Britain votes to leave the EU, the only currency I want to own is the Swiss franc and gold, […]
|By Arabian Post Staff|Malaysia’s state-owned oil corporation and Saudi Arabian Oil Co. are asking banks for proposals to finance about $7 billion for a planned refinery and a petrochemical complex in the Southeast Asian nation, Bloomberg reported. The lenders would provide financing for the two projects worth a total of $12 billion to be constructed by Petroliam Nasional Bhd. and Saudi Aramco under a memorandum of understanding that […]
AMMAN, Jordan — Jordan’s national census takers made something of a stark discovery earlier this year when they found that nearly a third of the country’s 9.5 million residents are not, technically speaking, Jordanians. For decades, the country has absorbed successive waves of people fleeing war and chaos. Lately it has been the Syrians, but before them came Iraqis, Sudanese and Palestinians, not to mention those from […]
Deal Professor By STEVEN DAVIDOFF SOLOMON It’s hard to get one’s head around it: An initial public offering that would value a company in the trillions of dollars. That’s trillions, with a T. Saudi Arabia is considering selling shares in its state oil company. With 261 billion barrels of oil in reserves and a yearly output of over three billion barrels of oil, the company, Saudi Aramco, […]
}By Arabian Post Staff| Iran plans to set up its own financial center as it seeks to attract global financial institutions, Bloomberg reported. Chinese and Russian banks are seeking to set up representative offices in the area, Farhad Taghizadeh-Hesary, senior adviser to the Qeshm Investment and Development Co., was quoted as sayig in an interview. One of Japan’s largest banks is also negotiating with officials on establishing a […]
Last bastion of financial system pays salaries on both sides of civil war as governor maintains ‘economic traduce’ Yemeni locals and secruity guards are pictured outside the Central Bank of Yemen in the capital Sana’a. Dubai: As civil war engulfs Yemen, the central bank is so committed to staying neutral that it pays salaries of soldiers on both sides. The bank […]
|By Matein Khalid|Dr. Mervyn King broke with tradition by publishing his book “The End of Alchemy: money, banking and the future of the global economy”. After all, retired governors of the Bank of England do not, as a rule, do not write/publish books, let alone write books that lambast the City of London’s culture of greed and hubris. It is no coincidence that Dr. King quotes T.S. […]
A Kurdish militant group claimed responsibility on Friday for a car bombing this week that killed 11 people and wounded dozens near a central tourist district in Istanbul. The group — Kurdistan Freedom Falcons, or T.A.K. — said the attack on Tuesday had been carried out in retaliation for Turkish Army operations in the Kurdish-dominated region of southeastern Turkey, and it warned tourists to stay away from […]
FILE PHOTO — A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange December 11, 2014. Reuters/Brendan McDermid/File Photo SAN FRANCISCO/NEW YORK (Reuters/IFR) – Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters. […]
ABU DHABI // Young people must be able to distinguish righteous religious leaders as those who call for peaceful tolerance, not destruction and bloodshed, Egypt’s minister of religious endowments said on Wednesday. Dr Mohammed Gomaa listed issues that need to be clarified for youth to protect society from radicalism as he spoke at the first of the Sheikh Mohammed bin Zayed Ramadan majlis series in Abu Dhabi. […]
ABU DHABI // The Cabinet approved a national programme for tolerance on Wednesday as the country marks the holy month. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, made the announcement while pledging that the country would continue to promote the principles of tolerance set by Sheikh Zayed, the Founding Father. “Tolerance is a key value of our ancestors and our Founding Fathers,” said Sheikh […]
In the days before rapid sea or air travel, it could take months to travel to Mecca. The spiritual heart of Islam lay far from its great capitals in Istanbul, Delhi and Isfahan. The devout came from distant lands on foot, by camel and in horse-drawn carriages. Bedouin tribes routinely robbed these pilgrims, who were the primary source of revenue for this ancient desert town. Now, the […]
KABUL, Afghanistan — An American journalist for NPR was killed on Sunday afternoon along with his Afghan translator in a Taliban ambush in southern Afghanistan, the Afghan military confirmed. NPR also confirmed their deaths on Sunday. The victims were identified as David Gilkey, a photographer and videographer who was part of a four-person NPR team embedded with Afghan Special Forces in Helmand Province, and his translator, Zabihullah […]
AMIRIYAT FALLUJA, Iraq — One of the Iraqi civilians who risked an escape from the sprawling battle for Falluja made it as far as the Euphrates River. He was there for all to see on Sunday morning: His body, tied to the side of a boat, bobbed in the muddy waters next to a rickety bridge that separates Baghdad from the violence of Anbar Province. “Sheikh, sheikh, […]
By RANA F. SWEIS June 6, 2016 AMMAN, Jordan — Three officers of the Jordanian intelligence service and two other employees of the service were killed on Monday in a Palestinian refugee camp near the capital, Amman, in what the government said was a terrorist attack. The government has opened an investigation into the assault, which took place around 7 a.m. at an intelligence office in the Baqaa refugee camp, […]
AMMAN, Jordan — Three Jordanian intelligence officers and two other employees of the service were killed on Monday in a Palestinian refugee camp near the capital, Amman, in what the government said was a terrorist attack. The government has opened an investigation into the assault, which took place around 7 a.m. at an intelligence office in the Baqaa refugee camp, which was set up after the Arab-Israeli […]
WASHINGTON — An exhausted and ill-equipped Iraqi Army faces daunting obstacles on the battlefield that will most likely delay for months a long-planned major offensive on the Islamic State stronghold of Mosul, American and allied officials say. The delay is expected despite American efforts to keep Iraq’s creaky war machine on track. Although President Obama vowed to end the United States’ role in the war in Iraq, […]
Saudi Arabia’s sovereign wealth fund made its highest-profile deal, investing $3.5 billion in U.S. ride-share company Uber Technologies Inc. as the country seeks to diversify its assets with more overseas acquisitions. Yasir Alrumayyan, managing director of the Public Investment Fund, will take a board seat at the San Francisco-based company after the deal, which values Uber at $62.5 billion, the company said in a statement. It’s the biggest […]
A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. Reuters/Benoit Tessier/File Photo LONDON The price of the web-based digital currency bitcoin soared to its highest in almost two years on Tuesday, rising to more than $500 per unit, as worries about a further weakening of the […]
By DIAA HADID May 31, 2016 JERUSALEM — Three Palestinians convicted of murder were executed in the Hamas-controlled coastal territory of Gaza on Tuesday, less than a week after Hamas lawmakers called for the resumption of capital punishment. The three men had exhausted their appeals, and the families of the victims refused a last-minute request to spare the men, who were executed at police headquarters in Gaza City, according […]
