|By Arabian Post Staff| Dubai-based Shaikhani Group announced a major foray in Dubai’s property market with 11 real estate projects with a collective value exceeding Dh3.5 billion (US$950 million) that are in various stages of development. Shaikhani Group’s 11 projects will deliver 2,100 residential and commercial units in Dubai Sports City, Jumeirah Village Circle and Dubai Silicon Oasis. Of these, the company is at an advanced stage of […]
By Ankur Banerjee Samsung Electronics Co Ltd (005930.KS) formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the Korean powerhouse. Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it […]
September 2016: Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, meets Pope Francis during a visit to Vatican City. June 2016: President Sheikh Khalifa officially invited Pope Francis to visit the UAE. Sheikha Lubna Al Qasimi, Minister of State for Tolerance, presented the invitation during a visit to the Vatican. May 2016: A delegation of more than 300 […]
VATICAN CITY // Sheikh Mohammed bin Zayed and Pope Francis held discussions on strengthening existing links and promoting the acceptance of others’ beliefs. “We are working together on promoting and enabling, for peace and stability to prevail throughout the world,” said Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, after the meeting at the Vatican on Thursday. He said that […]
|By Arabian Post Staff| DEWA has awarded the contract for Independent Power Producer (IPP) Advisory Services for the 200MW Concentrated Solar Power (CSP) Plant to a consortium led by KPMG Lower Gulf Limited (Financial), alongside Mott MacDonald (Technical) and Ashurt (Legal). This is part of DEWA’s efforts to increase the percentage of renewable and clean energy in the energy mix, and support the Dubai Green Energy Strategy […]
|By Arabian Post Staff| Abu Dhabi’s Masdar City without light switches or water taps has much to teach people around the world about saving energy and precious resources. With its low-rise and energy efficient buildings, smart metering, excellent public transport and extensive use of renewable energy, the 2,000 citizens of Masdar City are living in a place which is a ‘green’ example to city planners around the […]
|By Steve Austin| At first sight it appears that low oil prices are good for society. A low oil price helps us save dollars at the pump, acts as an economic catalyst making exchanges cheaper and thereby stimulating the economy. However, there are downsides as well, often out-of-sight-out-of-mind and we will address these today. Change in economic model For the first time we have entered an era […]
UAE. Asteco, the Middle East’s largest full service real estate company has released a special Cityscape report on the current status of the UAE real estate market revealing a general slowdown in all emirates, but highlighting marked differences between Abu Dhabi and Dubai. Dubai experienced a slow first six months, but for different reasons, with developers slowing the pace of project completions and handovers due to the […]
SAUDI ARABIA. Saudi Arabia’s non-oil private sector continued on its upward trajectory in August, with business conditions improving to the greatest extent in a year. Output and new business remained the key growth drivers – both rose sharply and more quickly than in July. Employment and input stocks also increased, with a number of companies looking to expand capacity in line with rising workloads. Meanwhile, price pressures […]
Despite dark conspiracy theories in Turkey linking the United States government to the military coup attempt on July 15, Turkish leaders see no signs of American complicity with the plotters, Deputy Prime Minister Numan Kurtulmus said on Tuesday. But Mr. Kurtulmus also said it was “the expectation of the people of Turkey” that the American judicial process would lead to the extradition of the person they regard […]
/By Matien Khalid/I have been bullish on emerging market debt as an asset class since last autumn. Even though the Chinese yuan devaluation was toxic, this asset class is up 12% in 2016, thanks to almost $5 billion in cash inflows. The tax amnesty in Indonesia, the political changes in Brazil after President Dilma’s impeachment, the election of a center-right pro-business government and $16 billion sovereign debt […]
ABU DHABI // Fish prices are expected to fall next month as the summer heat subsides after increasing by as much as 50 per cent over the past few months. Ali Al Mansouri, president of Abu Dhabi Fishermen Cooperative Society and the UAE Fishermen Cooperative Association, acknowledged the increased prices but said they would soon start to decrease. “Due to the summer heat the catch is very […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber’s rivals in other markets had a slim chance […]
FUJAIRAH // Commuters are contending daily with roadworks, diversions and traffic jams as the emirate proceeds with upgrading its road infrastructure. As part of the Fujairah 2040 Plan, busy streets and motorways are being refurbished, uneven surfaces relaid, and lanes and traffic signals added to cope with the population growth and the increase in the number of vehicles that accompanies it. Although the work meant short trips […]
By Eveline Danubrata and Glenys Kirana | JAKARTA JAKARTA Asian fans of smartphone game Pokemon Go are hunting out the best telecom providers and network gear to overcome the hurdle posed by patchy network signals in their race to capture virtual cartoon characters. From Indonesia to Hong Kong and Cambodia, the wild popularity of Nintendo’s (7974.T) augmented reality app is also driving lifestyle changes for many gamers, […]
SINGAPORE Singapore will make regulatory changes to facilitate the use of electronic payments, the central bank said on Friday, as the city-state aims to become a major centre for financial technology (fintech). “Our vision is to make Singapore an electronic payments society, a society that spurs innovation in payments technology, that gives consumers maximum convenience and confidence in making payments,” said Ravi Menon, Managing Director of the […]
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 […]
CAIRO — Seven people were killed in Saudi Arabia when a missile fired from Yemen struck a commercial district in the city of Najran, the kingdom’s official news media confirmed on Wednesday. The attack, on Tuesday evening, appeared to have been carried out by Houthi militias in northern Yemen in retaliation for a series of deadly airstrikes by the Saudi-led military coalition on Monday and Tuesday. Those […]
Scientists sponsored by the Office of Naval Research (ONR) have genetically modified a common soil bacteria to create electrical wires that not only conduct electricity, but are thousands of times thinner than a human hair. As electronic devices increasingly touch all facets of people’s lives, there is growing appetite for technology that is smaller, faster and more mobile and powerful than ever before. Thanks to advances in […]
CAIRO — An airstrike on a residential area near the Yemeni capital, Sana, on Tuesday killed 17 civilians, most of them women and children, as international criticism continued to build over a deadly bombing the day before of a hospital run by Doctors Without Borders. Residents of a village in Nehem District, northeast of the capital, said that warplanes from the Saudi Arabia-led military coalition fighting on […]
For more than 120 years the Venus Table of the Dresden Codex — an ancient Mayan book containing astronomical data — has been of great interest to scholars around the world. The accuracy of its observations, especially the calculation of a kind of ‘leap year’ in the Mayan Calendar, was deemed an impressive curiosity used primarily for astrology. But UC Santa Barbara’s Gerardo Aldana, a professor of […]
Biologists studying a small, colorful fish in the Mediterranean Sea have discovered a new way in which a female can choose the best father for her offspring. The animal kingdom is full of elaborate traits and behaviors by which females choose mates. Even in species in which the female mates with multiple males, biologists have found evidence of “cryptic female choice” involving mechanisms in the reproductive tract […]
While it already offers several ways for users to make video calls over various platforms, Google today launched a new phone-based app called Duo that’s designed for simplicity. Available for both Android and iOS smartphones, Google Duo doesn’t require anything more than a phone number to launch once the app is downloaded. Unlike Google’s Hangouts messaging, voice and video calling tool, people don’t even need Google accounts […]
UAE. Based on a new report by The Boston Consulting Group (BCG) titled Self-Driving Vehicles, Robo-Taxis, and the Urban Mobility Revolution—and prepared in collaboration with the World Economic Forum—consumers around the world are surprisingly knowledgeable about Self-Driving Vehicles (SDVs) and their potential benefits, and, by and large, they are more than willing to give them a try. In fact, the study shows that 70% of consumers in […]
