U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. The Fed could raise rates “relatively soon”, Yellen said in a congressional testimony on Thursday, adding that she would serve out her term. Traders are pricing in an 83 […]
According to the researchers, a third pyramid was found within the Kukulkan pyramid in Mexico. The construction is approximately 33 feet, and it was found between other two structures that were formerly discovered. As the data suggests, the pyramid seems to have been built in three different phases, showing an entire perspective on the ancient civilization. In 2015, a team of archaeologists used electrical imaging to find […]
WOLFSBURG, Germany Volkswagen (VOWG_p.DE) unveiled plans to cut 23,000 jobs in Germany to help achieve 3.7 billion euros ($3.92 billion) in annual savings by 2020 to turn around its core brand and help fund a shift to electric and self-driving cars following its emissions scandal. The agreement foresees a 25 percent improvement in productivity at German plants, the company said at a news conference on Friday. The […]
From the moment we step into a doctor’s office or hospital ward, technology is used to test, diagnose and treat us. It ranges from things we consider basic, such as the stethoscope and thermometer, to some incredibly advanced technologies that tell us the intricacies of our brains or what’s going on inside a small joint. At Cleveland Clinic Abu Dhabi, a 24-hour epilepsy-monitoring unit is revolutionising the […]
Apple has acknowledged a recurring defect in its two-year-old iPhone 6 Plus, offering customers a cut-price touchscreen repair after months of mounting complaints. The supersized smartphone, launched in September 2014, has a tendency to develop what has been dubbed “touch disease” when dropped or pressured, rendering its touchscreen unresponsive or causing a flickering black line at the top of the display. The term was coined by iFixit, […]
By Alexandria Sage and Nichola Groom | LOS ANGELES LOS ANGELES Tesla Motors Inc Chief Executive Elon Musk won approval on Thursday from the electric luxury automaker’s shareholders for an acquisition of SolarCity Corp, the solar energy system installer in which he is the largest shareholder. The stock swap deal, worth about $2 billion, caps a tumultuous year for Musk and Tesla. The proposed acquisition of SolarCity, […]
“When the economic crisis hits the elite, it means the suffering is all over the place,” said Malak Rostom, the vice president of the student union. “If we can’t afford it, we can tell how much other people are suffering.” Continue reading the main story Some Egyptians may sneer at the problems of the children of middle- and upper-class families, worried about tuition increases that dwarf the […]
DUBAI // Indian expatriates appealed to their government for enough time to get home and deposit the now-defunct 500 and 1,000-rupee notes. Last week the government of prime minister Narendra Modi scrapped high-denomination banknotes in an attempt to tackle corruption and tax evasion, setting a December 30 deadline to exchange old bills. India’s central bank, the Reserve Bank of India, said those unable to deposit banknotes in […]
Samsung has announced it has entered into a definitive agreement to acquire Harman, the designer and maker of connection products for automakers, in a bid to expand and accelerate its growth in connected technologies. On Monday, Nov. 14 the Korean company confirmed that it will buy Harman for $112 per share, which brings the cost of acquisition to about $8 billion. Harman has a strong presence in […]
BRUSSELS: The European Union extended its sanctions on Syria on Monday, banning the country’s central bank chief and its finance minister from traveling in Europe and freezing their assets in a further step to isolate President Bashar Assad.The decision to target Central Bank Gov. Duraid Durgham and Finance Minister Maamoun Hamdan, along with 16 other government ministers, made good on the EU’s threat last month to increase […]
After months of sending government troops to battle militants blowing up oil pipelines in the Niger Delta, Muhammadu Buhari tried a different tack. The Nigerian president invited the region’s community leaders and traditional rulers to his villa this month for talks — a step energy sector executives hoped could halt a wave of sabotage since January that has cost the country billions of dollars in damages and […]
Over 300 senior professionals and 20 experts at summit on best manufacturing practices Dubai, United Arab Emirates, 14 November 2016 Under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline & Group, President Civil Aviation Authority, Chairman Dubai Airports and along with the support of Department of Economic Development (DED) and Dubai Economic Council (DEC), the GCC Manufacturing Excellence […]
Following successful launch and implementation of Invest Easy portal developed by multinational full-service strategic change and technology company Nortal, Oman made an unprecedented leap in the Ease of Doing Business Ranking of World Bank’s annual Doing Business 2017 report, jumping 127 places in category ‘Starting a Business’ compared to previous year. 14 November 2016 According to Peeter Smitt, Middle East region Managing Director at Nortal, the record […]
DUBAI // A sustainable house that produces its energy from the Sun, water and the atmosphere has been opened by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The house, developed by the Mohammed Bin Rashid Space Centre, is the first of its kind in the UAE, and there are plans to use it as a model for new houses across the country. The house […]
Photo Members of the Iraqi police tried to pull a body from a mass grave discovered in Hamam al-Alil on Monday. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images GENEVA — Islamic State militants have summarily killed scores of civilians in the Iraqi city of Mosul in recent days, sometimes using children as executioners, and have used chemical agents against Iraqi and Kurdish troops, United Nations officials said […]
Photo An Egyptian street vendor in Cairo on Friday. The country is struggling with soaring inflation and shortages of staple foods. Credit Amr Nabil/Associated Press CAIRO — The International Monetary Fund approved a $12 billion loan for Egypt on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages […]
GREENSBORO, United States Honda Motor Co (7267.T) expects to ramp up production of business jets as part of its plan to expand in the growing industry, the head of the Japanese automaker’s aircraft operations said in the United States. The firm hoped to produce 80 business jets annually by March 2019, from up to 36 currently, Honda Aircraft Company CEO Michimasa Fujino told reporters at its plant […]
DUBAI // A smart autonomous vehicle is being tested on Dubai’s Business Bay District by the Roads and Transport Authority (RTA) and Dubai Properties. The electric-powered vehicle is 100 per cent environmentally friendly and can travel for up to eight hours before needing a recharge. The vehicle can accommodate 10 people (six seated and four standing) and can travel at 10 kilometre per hour. The trial is […]
What the heck is a Haval? I can already hear you asking the question before I have even begun my spiel. I don’t blame you, because the marque was a mystery to me, too, before testing the H8 Luxury. I had barely laid eyes on a Haval, much less driven one. So let’s establish its credentials before going any further. Haval was created in 2006 as a […]
ABU DHABI // As both of Hasna Al Blooshi’s parents were in the energy industry it was perhaps natural that she too should eventually work in the field. “My father served at the Abu Dhabi Company for Onshore Petroleum (Adco) for 40 years and my mother for 27 years,” she said. “So I grew up in a house where we talked about science, technology and new projects […]
|By Arabian Post Staff| Dubai Electricity and Water Authority (DEWA) has confirmed that the ACWA Power and Harbin Electric consortium has begun construction of the 2,400 megawatt (MW) Hassyan clean coal power station, based on the Independent Power Producer (IPP) procurement model.The plant will be the first-of-its-kind in the region and is fully-compliant with set international standards, adopting the use of ultra-supercritical technology. In June, DEWA and the […]
UAE. Low natural gas and electricity prices have created a tough competitive environment for renewable energy, but this has remarkably had little impact on the momentum of alternative energy growth, finds a new Deloitte report entitled, “Alternative Thinking 2016: Five game-changers that are powering the future of renewable energy.” The report identifies the important trends and opportunities in the renewable energy industry. It also presents “what if” […]
Facebook Inc said on Monday, it was testing a feature that would let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn Corp’s recruiting business. “Based on behaviour we’ve seen on Facebook, where many small businesses post about their job openings on their Page, we’re running a test for Page admins to create job postings and receive applications from candidates,” […]
By Jack Kim and Ju-min Park | SEOUL SEOUL South Korean prosecutors raided the offices of Samsung Electronics on Tuesday as part of a probe over a political scandal involving President Park Geun-hye and her friend who is alleged to have exerted improper influence in state affairs. A prosecution official told Reuters the search is related to the scandal involving the president’s friend, Choi Soon-sil, but declined […]
