By John Miller | ZURICH ZURICH Swiss voted in a referendum on Sunday to reject a speedy exit from the nation’s five nuclear power plants, as concerns over losing energy independence outweighed safety worries raised by the measure’s proponents. Nearly 55 percent of voters turned down the initiative, with 45 percent favouring it in a vote that was part of the Swiss system of direct democracy giving […]
|By Arabian Post Staff|DP World, which already has a tie-up with Hyperloop One for conducting a feasibility study on moving containers from ships docked at DP World’s flagship Jebel Ali Port via the Hyperloop system to a new inland container depot in Dubai, is now keen to join China’s multi-trillion dollar One Belt One Road (OBOR) project. DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem […]
OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output. The Organization of Petroleum Exporting Countries will meet on Wednesday in Vienna to try finalize the terms of its first production decrease in eight years. Yet the group remains divided about […]
By Michael Georgy, Isabel Coles and John Davison | MOSUL, Iraq MOSUL, Iraq Iraq’s sectarian political leaders have plunged back into a dispute over the status of Shi’ite armed groups, undermining efforts to reunite the country as its troops press on with the assault of Mosul, Islamic State’s biggest stronghold. Forty days into the biggest ground offensive in Iraq since the U.S.-led invasion of 2003, about a […]
A selection of films from around the world are to be showcased next week at the 13th annual Dubai International Film Festival (DIFF), its organisers have announced. Held at the Madinat Theatre at Dubai’s Souk Madinat Jumeirah, the festival runs from December 7-14 and includes numerous cinema screenings and red carpet gala events. On December 8, festival goers will experience the world premiere of ‘Befikre’, a Hindi […]
It was not just the manner in which Rosberg succeeded, and his generosity in praising his teammate, but also the contrasting style with which Hamilton lost the title, that defined this final duel of the 2016 season. Continue reading the main story With just 12 points between them before the race, and Rosberg leading the series, Hamilton, who started from the pole position — with Rosberg starting […]
By Tom Westbrook | SYDNEY SYDNEY The ability of Australian telecoms company Telstra Corporation (TLS.AX) to offset the fall in its traditional revenue streams by diversifying into a range of technology and other businesses is in doubt. So far, Telstra’s funding of 44 startups since 2013, the A$235 million ($175 million) spent acquiring 18 health-related companies, the purchase of more than 30 companies by its venture-capital division, […]
Chinese electronics company Xiaomi witnessed a clear decline in its smartphone profit lately. The company, however, is not afraid of the drop, as it announced it derives its profits from other products aside from smartphones. Furthermore, company executives believe that the regression in its smartphone trade would have no significant negative impact to the company. Despite experiencing a fallback in terms of revenue as of late, Xiaomi […]
NAIROBI A plane from Somalia landed on its belly and veered off the runway at Nairobi’s international airport on Sunday, causing no casualties but prompting the authorities to temporarily close the runway. Kenya Airports Authority said on Twitter that the plane had four people on board when it made the emergency landing at 4.55 p.m. (1355 GMT) at Jomo Kenyatta International Airport. “As a result the runway […]
Electrolux, the Swedish appliance maker, is exploring starting an “Uber for laundry” in which consumers would use their own washing machines to wash other people’s clothes. Jonas Samuelson, the new chief executive of the world’s second-biggest white goods manufacturer, told the Financial Times that Electrolux was trying to overcome big hurdles to make the project work. “We have a few fun ideas we are testing, like: how […]
By Isabel Coles | GOGJALI, Iraq GOGJALI, Iraq Until three weeks ago, many of Abu Osama’s customers were Islamic State militants who brought their wives and children to his pharmacy on the eastern edge of Mosul for injections and treatment. Now, most of them are Iraqi security forces who recaptured the Gogjali neighborhood earlier this month and are pushing further into the city, which has been under […]
The UAE’s Ministry of Finance (MoF) has begun establishing committees to start collecting tax data on any US citizen living in the UAE from 2017, it has announced. The moves are required under the Foreign Account Tax Compliance Act (FATCA), a US federal law that aims to combat offshore tax evasion by US persons. The ministry will coordinate with various government authorities to collect financial data in […]
JERUSALEM Israel’s security cabinet on Sunday approved the purchase of an additional 17 Lockheed Martin F-35 stealth fighter jets, bringing its total number on order to 50. Prime Minister Benjamin Netanyahu said in a statement the decision to increase the order was unanimous. Lockheed is developing three versions of the F-35 Lightning II jets for the U.S. military and nine countries that have already placed orders – […]
BEIJING Chinese websites have again blocked searches for “Fatty Kim the Third”, as many Chinese mockingly call North Korean leader Kim Jong Un, with China’s foreign ministry saying it did not approve of ridiculing foreign leaders. Chinese internet users began reporting last week that searches on the Twitter-like microblogging site Weibo and search engine Baidu for the expression returned no results, the normal sign that something is […]
By Nelson Acosta and Ana Isabel Martinez | HAVANA HAVANA Cuba’s most prominent dissident group called off its weekly protest march for the first time in 13 years on Sunday following the death of its nemesis Fidel Castro, the revolutionary leader whose passing has cast a pall over the island. Castro, a world figure who built a communist state on the doorstep of the United States and […]
JERUSALEM — The Israeli military said it had killed four militants linked to the Islamic State on Sunday after they attacked Israeli forces in the Golan Heights. The confrontation appeared to be the first of its kind between Israel and Islamic State-affiliated forces based in Syria. It was not immediately clear if the militants’ attack was spontaneous or if it signaled a possible change of policy by […]
FRANKFURT German pilots union VC said on Sunday it was open to further talks with Lufthansa (LHAG.DE) to try to find a compromise over a long-running pay dispute that caused a four-day strike last week, adding the airline needed to present a new offer. “It will become clear in the course of the day how the dispute will continue,” a spokesman for VC told Reuters. Lufthansa said […]
ABU DHABI // An online National Day campaign in which Emiratis and expats can express their feelings for the UAE and its flag has generated almost two million responses. The Raise it High campaign, organised by the Ministry of Culture and Knowledge Development, was launched at the start of this month to strengthen belonging, loyalty and unity in the country. It asked social media users to log […]
DUBAI, June 10 (Reuters) – The malls unit of Dubai’s Emaar Properties has set initial price thoughts on a debut Islamic bond issue of ten years duration, which is set to be sold this week, a document from lead managers said on Tuesday. Pricing guidance for the benchmark-sized transaction has been given in the area of 200 basis points over midswaps, the document said. Benchmark size is […]
By Thomas Mukoya and Ben Makori | NAIROBI NAIROBI Aviators flying vintage planes the length of Africa were showing them off in the skies over a Kenyan game park on Sunday, a day after one of the aircraft was wrecked in a forced landing. The Vintage Air Rally, including biplanes built in the 1920s and 1930s, has flown from Europe past Egypt’s pyramids and through Sudan and […]
What are the differences between a regular car and a racing car? What is it like to be in a high-speed accident on a race track? How do you master corners without losing control of your car when you are driving at breakneck speeds? A series of short programmes from the free-to-air Quest Arabiya channel attempts to answer these questions and more besides, as they explore everything […]
November 27, 2016 by: Kiran Stacey in New Delhi and David Keohane in Mumbai Indian banks will have to deposit as cash all the extra money they have been given as a result of demonetisation with the Reserve Bank of India, the central bank announced this weekend. The RBI made its sudden move after the country’s banks, flush with cash, went on a bond-buying spree, bringing down […]
By Jacob Gronholt-Pedersen | COPENHAGEN COPENHAGEN Denmark’s Prime Minister Lars Lokke Rasmussen said on Sunday he had agreed to form a new government with the Liberal Alliance and the Conservative Party, reducing the risk of snap elections. The deal, announced on Twitter, allows Rasmussen to cling to power after threats by political allies in recent months to overthrow his minority government due to conflicting demands on tax […]
PRAGUE Czech humanitarian organisation Clovek v Tisni (People in Need, PIN) has been banned from the Doneck area in eastern Ukraine by separatist authorities, the aid group said in a statement. It said it was one of two international aid groups in the Doneck area, and was helping residents with water and food supplies as well as home repairs ahead of winter. “Local authorities have taken immediate […]
