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KUWAIT.  On Aug 12, S&P Global Ratings affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Kuwait. The outlook is stable. The affirmation indicates that our ratings on Kuwait continue to be supported by the sovereign’s high levels of accumulated fiscal, external, and household wealth, despite the low oil price environment. The ratings are constrained by the concentrated nature of the economy […]

INTERNATIONAL. What would your ideal robot be like? One that can change nappies and tell bedtime stories to your child? Perhaps you’d prefer a butler that can polish silver and mix the perfect cocktail? Or maybe you’d prefer a companion that just happened to be a robot? Certainly, some see robots as a hypothetical future replacement for human carers. But a question roboticists are asking is: how […]

ABU DHABI // The rising cost of living is preventing many parents from buying school equipment for the new term as well as gifts for their children for Eid Al Adha. Parents say that because of increases in the cost of school supplies and school fees, buying Eid treats will have to be put on hold and in some cases postponed indefinitely. “This month is going to […]

DUBAI // A man who raped a 32-year-old British teacher in her flat in the early hours of New Year’s Day will spend the next 10 years in jail. The woman was returning home at 3am when she met the Nigerian salesman, 30, near the lift of the building. “At first I thought he was a tenant,” said the woman, who added that he asked which floor […]

SHARJAH // More than 1,100 fines were issued to taxi drivers in the emirate in the first six months of the year for offences such as failing to turn the meter on and poor personal hygiene. The Sharjah Road and Transport Authority levied 1,179 fines between January and June, up from 801 for the same period last year. Cabbies’ offences included improper parking, dirty uniforms, and failing […]

LONDON Sage Group, a provider of accounting, payroll and payments software for businesses, said cyber attackers had used an internal login to access the data of some of its British customers. The personal details of the employees of about 280 British companies were potentially exposed in the breach, a company source said. “We are investigating unauthorised access to customer information using an internal login,” the company said […]

By ROD NORDLAND and ERIC SCHMITT August 13, 2016 CAIRO — American military drones monitored Islamic State militants loading up hundreds of cars, buses and trucks with fighters and civilians and fleeing the city of Manbij, Syria, on Friday, as Syrian rebels advanced and the extremists lost yet another stronghold. On Wednesday, the Libyan city of Surt, held by the Islamic State for more than a year, also fell to pro-government […]

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|Arabian Post Special| Sale of gold jewellery for cash is emerging as one of the major sources of gold supply and is accounting for almost a third of total supplies to the market this year. According to the World Gold Council, the high price level of gold in recent times has taken its toll on the jewellery sector and conversely recycling has sparked into life. Jewellery consumers […]

While the more than 5 meter long Greenland shark is one of the world’s largest sharks, it is also one of the least understood animals on our planet. The Greenland shark’s general biology and way of life have been a mystery to biologists for many years. However, marine biologists at the University of Copenhagen have now deployed an epoch-making method to unveil one of the greatest of […]

Humans have evolved a disproportionately large brain as a result of sizing each other up in large cooperative social groups, researchers have proposed. A team led by computer scientists at Cardiff University suggest that the challenge of judging a person’s relative standing and deciding whether or not to cooperate with them has promoted the rapid expansion of human brain size over the last 2 million years. In […]

While Salesforce didn’t shout from the rooftops about its recent decision to acquire the “living document” platform provider Quip, it clearly sees big potential in integrating Quip’s offerings into its own. Quip, a four-year-old San Francisco-based tech firm with just about 40 employees, is on track to become a wholly owned subsidiary of Salesforce, which is paying an estimated $750 million for the company. Since news of […]

INTERNATIONAL. A KPMG report finds that the global Political Risk and Crisis Management insurance market looks set to exceed $10bn by 2018 A KPMG report, out today, finds that the that the global Political Risk and Crisis Management insurance market looks set to exceed $10bn by 2018, an anticipated $2bn of growth. The challenging macroeconomic environment, recent terrorist attacks, growing cyber threats and global political uncertainties are […]

Bomb-blasted roads, frequent blackouts, shortages of basic equipment and an untested consumer market are hardly conditions that make for natural entrepreneurial opportunities. But three Army veterans and one civilian who all served in Afghanistan have taken on those challenges in their new venture. Their company, Rumi Spice, buys saffron from Afghan farmers and sells it to international customers. Their business is part of a small crop of […]

SYDNEY Australia’s first online national census was in chaos on Wednesday after the survey website crashed overnight due to a possible cyber attack, raising concerns over the country’s cyber security and criticism of its slow internet services. “It was an attack and we believe from overseas,” Australia’s chief statistician, David Kalisch told Australian Broadcasting Corp radio. Kalisch said that no data from the 2.3 million forms already […]

People visit a Tesla Model S car during the Auto China 2016 in Beijing, China, April 25, 2016. Reuters/Jason Lee/File Photo BEIJING Tesla said on Wednesday that one of its cars had crashed in Beijing while in ‘autopilot’ mode, with the driver contending sales staff sold the function as ‘self-driving’, overplaying its actual capabilities. Tesla said it had reviewed data to confirm the car was in autopilot […]

|By Arabian Post Staff| Residential batteries, together with battery applications in commercial, industrial and utilities, are considered to be the next big opportunity in batteries besides electric vehicles. Indeed, this will become a $6 billion market by 2026 as predicted by the new IDTechExResearch report “Batteries for Residential, Commercial, Industrial and Utility Applications 2016-2026: Technologies, Markets, Players and Opportunities”. On April 30, 2015, Tesla officially launched its residential and commercial/utility-scale […]

A security guard stands guard outside a branch of Rizal Commercial Banking Corporation (RCBC) in Paranaque city, Metro Manila, Philippines August 2, 2016. Reuters/Erik De Castro/File Photo MANILA Rizal Commercial Banking Corp (RCBC) officials say they have preserved ties with major U.S. banks despite the use of one of its branches in Manila by cyber criminals to funnel $81 million stolen from the Bangladesh central bank’s account […]

Despite recently weakening consumer sales for both the iPhone and iPad, Apple devices and software have enjoyed a growing presence in business enterprises. Out of net sales of nearly $234 billion in 2015, some $25 billion came through sales to large business customers, according to Apple’s most recent annual report, released in October. While those sales were just a small fraction of the company’s overall revenues, they […]

Normally, individual molecules of genetic material repel each other. However, when space is limited DNA molecules must be packed together more tightly. This case arises in sperm, cell nuclei and the protein shells of viruses. An international team of physicists has now succeeded in artificially recreating this so-called DNA condensation on a biochip. Recreating important biological processes in cells to better understand them currently is a major […]

A solar storm that jammed radar and radio communications at the height of the Cold War could have led to a disastrous military conflict if not for the U.S. Air Force’s budding efforts to monitor the sun’s activity, a new study finds. On May 23, 1967, the Air Force prepared aircraft for war, thinking the nation’s surveillance radars in polar regions were being jammed by the Soviet […]

A reported data breach affecting retailers using Oracle’s Micros point-of-sale systems could be linked to a Russian hacking group that stole up to $1 billion from banks in 2014. The attack on Oracle’s computer systems and Micros customer portal first came to light on July 25, according to IT security writer Brian Krebs. That’s when a Micros customer contacted the KrebsOnSecurity blog to report “a potentially large […]

A general view of a Wal-Mart store in Mexico City, April 24, 2012. Reuters/Edgard Garrido/Files Wal-Mart Stores Inc (WMT.N), vying to better challenge Amazon.com Inc (AMZN.O), will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup. The deal disclosed on Monday follows a five-year e-commerce acquisition spree in which Wal-Mart, the world’s biggest traditional retailer, […]

TOKYO Nick Johnson, who claims to be the first person to capture all 145 creatures now available in the “Pokemon Go” mobile gaming phenomenon, says he is not ready to put away his smartphone just yet and hopes for new features. The 28-year-old tech employee from Brooklyn, New York, who refers to himself as the “world-first Pokemon Go master” on his Twitter account, announced last week he […]

Software security firm Symantec has identified a group called Strider that’s aiming spying-related malware at individuals and organizations in Belgium, China, Russia and Sweden. Apparently active since at least late 2011, Strider has kept a low profile and could be a nation-state attacker, Symantec said. Strider uses “stealthy,” hard-to-detect malware called Remsec that provides backdoor access to infected computers for stealing data, logging keystrokes and other actions, […]

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