|By Arabian Post Staff| It might be possible in the not too distant future to travel between Dubai and Abu Dhabi in 12 minutes if plans announced today materialise without any major hitch. Hyperloop One, which is reinventing transportation by developing the world’s first Hyperloop, an integrated structure to move passengers and cargo between two points immediately, safely, efficiently, and the Dubai Roads and Transport Authority (RTA) agreed […]
|By Kalyani Shankar| The US election results have surprised many who were batting for the Democratic candidate Hillary Clinton. This is more so in India where many Indians felt Hillary would be good for India. She is known to many Indians because she was the First Lady for eight years, US Senator for another eight years, and Secretary of State for four and all the time she had […]
|By Arabian Post Staff| The Ministry of Finance (MoF) announced the UAE’s membership to the Global Forum on Transparency and Exchange of Information, following the UAE Cabinet’s decision in 2010 on MoF’s implementation of the G20 resolutions for the exchange of information for tax purposes. The Ministry will be responsible for coordinating with government bodies to collect financial information of international companies operating in the country. The UAE Cabinet had […]
Wearable camera maker GoPro Inc said on Tuesday it would recall about 2,500 of its recently introduced Karma drones because they lost power during use. GoPro’s shares were down 4.7 percent at $10.35 in extended trading. The recall comes less than a week after GoPro downgraded holiday forecasts to $600 million to $650 million in revenue for the fourth quarter, below analysts average estimate of $666.14 million […]
DUBLIN Ireland’s government will this week formally submit its appeal against the European Commission’s multi-billion-euro demand for back taxes from Apple (AAPL.O), Finance Minister Michael Noonan said on Tuesday. Ireland’s cabinet agreed in September to join the iPhone maker in appealing the Commission’s order that the U.S. tech giant pay up to 13 billion euros to Dublin after ruling the firm had received illegal state aid. [nL8N1BE1ZT] […]
Thanks to a new deep learning system called Caffe2Go, Facebook now lets users of its mobile app transform videos with artwork-inspired special effects in real time. The platform enables such on-the-fly style transfers by dramatically improving how efficiently artificial intelligence (AI) processes images and videos. With the help of Caffe2Go, users of Facebook’s iOS or Android app can quickly change the look of their photos or videos […]
Print newspapers may be disappearing like the home telephone, but not after Election Day. Remembering the frenzy for old-fashioned papers the morning after Barack Obama’s historic win in 2008, newspapers are printing extra copies and setting up temporary retail stands this year, regardless of whether the nation elects the first woman or reality TV star as president. The Los Angeles Times is also selling a commemorative printing-press […]
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” […]
INTERNATIONAL. Nine out of 10 banking professionals surveyed at large U.S., European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture (NYSE: ACN). The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues. The report – Blockchain Technology: How banks are building a real-time global payment network – […]
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,” […]
Gulfnews.com Republican candidate launches marathon final day of campaigning in attempt to win crucial votes U.S. Republican presidential nominee Donald Trump gestures as he speaks at a campaign rally in Raleigh, North Carolina. Raleigh, United States: Donald Trump launched a final marathon Monday as the wildest US presidential campaign in memory drew to a close, desperate to persuade Americans they would be better served by a political […]
ABU DHABI // Sheikh Mohammed bin Zayed welcomed Prince Charles and Camilla in Al Ain to celebrate a year-long collaboration between the UAE and the UK in the arts. The UK-UAE Year of Cultural Collaboration was launched at Al Jahili Fort under the patronage of Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the Prince of Wales. The evening […]
The University of Birmingham has delivered an interactive digital version of what is very likely the world’s oldest surviving fragment of the Quran to the UAE. It is the first time that this version, which offers the touch sensitivity of a tablet and has become known as the Birmingham Quran, has been seen outside of the UK. Two versions will form permanent centrepieces of next year’s UK-UAE […]
Tech giant Oracle announced the completion of its deal to acquire cloud company NetSuite for $9.3 billion in cash today. Oracle said that enough NetSuite shares — 53 percent — had been tendered in favor of the vote as of midnight Friday. The completion of the deal caps off a dizzying few weeks of mergers and acquisitions activity in the enterprise tech sector. For example, semiconductor-maker Broadcom […]
DUBAI // Investors who say they have lost millions of dirhams in a Dubai foreign exchange scam have turned to private investigators from the UK to help to recover their funds. More than 240 people have contacted Carlton Huxley, a private firm of legal and law enforcement consultants specialising in complex fraud investigations. Experts from the firm visited Dubai this week to interview those claiming to have […]
The next flagship phone from Samsung, the Galaxy S8, is expected to arrive early next year with a major new feature: a built-in intelligent digital assistant. The artificial intelligence will be made possible by Samsung’s acquisition of Viv Labs, which was announced last month. Founded by two of the creators of Siri, Apple’s signature digital assistant, Viv Labs said its technology represents a “new paradigm” for how […]
Alphabet Inc (NASDAQ:GOOGL) subsidiary Google has revised its search engine rules so that it can prioritize mobile searches. Google has launched an initiative called “mobile first” whose aim is to rank websites based on whether they are mobile-friendly. However, it does not mean that support for desktop sites will be thrown out the window. Google will still support desktop orientation but it plans to shift towards a […]
|By Arabian Post Staff|Emaar Malls recorded a net profit of AED 1.42 billion during the first nine months (January to September) of 2016, an increase of 16 per cent over the same period last year at AED 1.22 billion. The total revenue for the first nine months of the year was AED 2.39 billion, which is 10 per cent higher than the revenue of AED 2.17 billion […]
By Naomi Tajitsu and Chang-Ran Kim | TOKYO TOKYO Toyota Motor Corp is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world’s top-selling automaker. Even as rivals such as Nissan Motor Co, Volkswagen AG and Tesla Motors have touted pure electric cars as the […]
By Catherine Cadell | BEIJING BEIJING A top Baidu Inc executive, widely seen as a potential successor to chief executive Robin Li, has resigned after an internal company probe found conflicts of interest involving another firm acquired by the Chinese search engine giant. Li Mingyuan, 32, known as the “prince” of Baidu within China’s tech community, stepped down following the investigation, according to an internal email seen […]
|By Arabian Post Staff| The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops, Bloomberg reports. Money managers increased bets on lower West Texas Intermediate oil for the first time in five weeks as Iraq joined Iran, Nigeria and Libya in seeking to be excluded from OPEC’s first agreement to reduce output in eight years. The deal was reached […]
Major DDoS Attack Causes U.S. Outages on Twitter, Reddit, Others Early this morning, a large distributed denial of service attack (DDoS) directed at the Internet performance management company Dyn caused Web site outages for a number of its customers, including Twitter, Reddit, Spotify and SoundCloud. Services were restored to normal by 9:20 a.m. Eastern Time, the company said. In a status update shortly after 7 a.m., New […]
|By Matein Khalid| The fall in oil prices since 2014 has triggered a liquidity crunch and higher funding costs in the UAE banking system. EIBOR is almost double the London interbank rate LIBOR. Non-performing loan (NPL) have begun to rise as property prices have fallen 20% from their peak and corporate/SME borrowers are hit by a sharp downturn in the business cycle. DIB shares reflect these macro […]
|By Arabian Post Staff| The UAE has started the process of staffing the Federal Tax Authority, which will be responsible for the implementation of the proposed federal tax system, beginning with the introduction of VAT. The Ministry of Finance is scouting around for a Compliance and Enforcement Director, who will help maximise Federal tax revenues through the development and implementation of compliance and enforcement strategies. Deloitte LLP […]
