Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the world’s major economies. On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of successive administrations, declaring that the currency was too high and that this was preventing […]
HH Sheikh Mansour Bin Zayed: “The UAE is playing an active role in driving research in science and technology to identify solutions to tackle global water security challenges. This comes in support of the ambitious innovation and energy strategies of our country” Abu Dhabi-UAE: 17 January, 2017 Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs […]
|By Arabian Post Staff| The trend of falling real estate prices in Dubai is expected to continue throughout 2017, real estate consultancy CBRE said in an annual report. “With an expanding pipeline of new units, current deflation trends are likely to continue throughout 2017, with many new homes set to complete, Mat Green, Head of Research & Consultancy UAE, CBRE Middle East said, The residential sector experienced […]
New images have revealed otherwise invisible details of our Sun, including a new view of the dark, contorted center of a sunspot that is nearly twice the diameter of the Earth. The images are the first ever made of the Sun with a facility where ESO is a partner. The results are an important expansion of the range of observations that can be used to probe the […]
Canceling nearly 90% of cash in circulation cost India the mantle of world’s fastest-growing large economy in 2016, the International Monetary Fund said, though it categorized the slowdown as temporary. India’s growth slowed to 6.6% last year from 7.6% in 2015, according to the fund’s latest World Economic Outlook, which estimates that China’s economy grew by 6.7% in 2016. The fund expects India’s expansion to bounce back […]
Seldom have such small chips carried such a heavy load. China’s fledgling semiconductor industry, after a messy birth, now finds itself in the crosshairs of conflicting political goals in Beijing and Washington. Chips are a key plank of China’s industrial plans, attracting a massive $150bn government subsidy. This reflects national angst over reliance on overseas markets — it spends more on importing semiconductors than oil — and […]
Optus has announced extending mobile coverage along the Highway 1 route in Western Australia by using nine small cells that utilise Optus’ satellite services rather than having to build out additional mobile towers. The small cells will be located at the Billabong Roadhouse, Overlander Roadhouse, Wooramel Roadhouse, Minilya Roadhouse, Nanutarra Roadhouse, Fortescue River Roadhouse, Pardoo Roadhouse, Sandfire Roadhouse, and 80 Mile Beach, Western Australia. “We are investing […]
BRUSSELS The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. The accord has been under negotiation for more than a year and follows an agreement last year on derivatives. U.S. and EU representatives said in a joint statement they had reached a deal “that will ensure ongoing robust insurance consumer […]
Yazan Mohamad Al Nasser appointed CFO bringing more than 30 years of financial experience Experience in property and retail will benefit DIFC with expansion of the district underway 14 January 2017 Dubai, UAE – Yazan Mohamad Al Nasser has been appointed as the new Chief Financial Officer for the Dubai International Financial Centre Authority, the body overseeing the leading financial centre in the Middle East, Africa and […]
Photo President Recep Tayyip Erdogan of Turkey on Saturday. Legislation under debate could possibly allow him to remain in power until 2029. Credit Yasin Bulbul/Presidential Palace, via Reuters The Turkish Parliament began debating legislation on Monday that would effectively rewrite the Constitution, vastly expanding the powers of Turkey’s president, Recep Tayyip Erdogan, and possibly allowing him to remain in power until 2029. Mr. Erdogan, the dominant figure […]
By Sinead Carew and Lewis Krauskopf | NEW YORK NEW YORK U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co. (WFC.N), JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) kicked off […]
Panasonic has outed a new Android-powered tablet in its Toughbook family, which will look to entice consumers despite its hefty price tag. The company launched its Toughpad FZ-A2 in the U.S. on Jan.12, 2017. The Android-powered Toughpad is the latest addition to the company’s Toughbook family. “The FZ-A2 is the ultimate tablet for mobile field work that will continue to evolve with our customers’ needs and work requirements,” […]
Crystal Lagoons, the patented technology developer of giant crystalline lagoons, has announced it has held a series of meetings with prominent Qatari real estate developers as the country looks to capitalise on a growth in tourism numbers and revenues. Designed to be self-cleaning, the lagoons only require topping up in response to evaporation and use up to 100 times less chemicals than traditional pool systems, and only […]
Video is now deemed essential for any media organization. But do consumers really like it as much as, say, advertisers? A new report suggests not. For sure, journalism had a huge moment in 2016. In a few short months, Facebook launched a live video offering (and began paying publishers to use it), Snapchat expanded its advertising options, and several news organizations undertook ambitious forays into virtual reality. […]
Donald Trump’s upcoming presidency has led many investors to size up oil, coal and gold trades that could benefit from the sweeping changes he has promised. But a growing band of specialist commodity traders think investors may be overlooking the one raw material in line for bigger price gains than others when the US president-elect takes office: uranium. While interest in the key fuel for nuclear power […]
Josh Benson and Tom McGeveran, who founded the politics, culture and media site Capital New York in 2010 before selling it to Politico in 2013, are leaving the company. The departures were announced in a memo to staff from Politico Editor-in-Chief John Harris, who also said Politico’s statewide operations would be consolidated in Rosslyn. Launched in 2015, Politico States has established a presence in states across America, […]
Image: HTC HTC continues to struggle financially and after the recent release of the Google Pixel and Pixel XL, made by HTC, I thought we might see them go back to being a silent ODM once again. With today’s news of the HTC U Ultra and U Play, HTC is showing that it will continue to fight for market share in today’s competitive smartphone environment. The HTC […]
By Patricia Zengerle and Yeganeh Torbati | WASHINGTON WASHINGTON Secretary of State nominee Rex Tillerson expressed views on Wednesday at odds with President-elect Donald Trump’s positions on key foreign policy issues like nuclear proliferation, trade deals, climate change and relations with Mexico. In a nine-hour Senate confirmation hearing, the former chief executive of oil company Exxon Mobil (XOM.N) said he favoured maintaining U.S. sanctions against Russia for […]
Abu Dhabi Fund for Development (ADFD) has announced it will provide a AED735 million ($200 million) grant to help fund the expansion of King Hussein Medical City in Jordan. The contribution is in line with the 2013 UAE government grant contribution of AED4.6 billion to the Gulf Development Fund, a five-year grant programme to finance development projects in Jordan. The grant will fund the first phase of […]
For more evidence that central bank intervention in the foreign exchange market is increasingly becoming an exercise in futility – look no further than Mexico. The peso briefly sank to a fresh all time low against the dollar on Tuesday, dropping by as much as 1.1 per cent to MXN 21.6227, as concerns continue to mount over incoming US president Donald Trump’s trade rhetoric towards Mexico, report […]
Dubai, United Arab Emirates – 10 January 2017, ELABELZ.com, GCC’s newest trendy fashion mall is welcoming the New Year by unveiling an expansion of its operations and facilities by 200% in the wake of demand growth and wider ecommerce market penetration in the MENA region as a whole and the GCC in particular. ELABELZ state-of-the-art operations base and warehousing facilities is being tripled to accommodate the increase […]
10 January 2017 Dubai, UAE – The Awqaf and Minors Affairs Foundation (AMAF) announced the expenditure of the entire amount of its five endowment funds estimated at AED49 million in 2016. AMAF’s endowment funds are categorized under Islamic affairs, social affairs, healthcare, education, and righteousness and piety. The Islamic affairs endowment fund ranked first in expenditure – disbursing AED41.3 million during 2016, representing approximately 84 percent of […]
09 January 2017 Etihad Etisalat (Mobily) announced today that its Board of Directors had approved the appointment of Eng. Ahmed Abdulsalam Abdulrahman as Mobily Chief Executive Officer and the acceptance of the resignation of Mr. Ahmad Farroukh. The Chairman and Board of Directors offered their sincere thanks and appreciation to Mr. Ahmad Farroukh for all his efforts in stabilizing the company and wished him the very best […]
“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow.” So Henry Temple, the third Viscount Palmerston, described British foreign policy in 1848, at the height of its imperial pomp. “England is a power sufficiently strong, sufficiently powerful to steer her own course.” It is more than fanciful to imagine US […]
