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Jack Ma, founder and Executive Chairman of Alibaba Group speaks during the inaugural ”Xin” Philanthropy Conference in Hangzhou, Zhejiang Province, China, July 9, 2016. China Daily/via Reuters A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for $4.4 billion in cash, the […]

SAUDI ARABIA. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports assessing the latest trends in the office, residential, retail and hotel sectors. With Saudi Vision 2030 pivotal to the diversification and restructuring of the economy in lieu of decreasing oil prices, this report highlights that both Riyadh and Jeddah continue to maintain […]

Faster, higher, stronger: those are the three qualities captured in the official Olympic Games motto “Citius, altius, fortius”– to which some will want to add “dubious”. With doping seemingly rife in sport generally and the Russian Olympic team in trouble, it’s hard to see the Rio Games as the embodiment of the famous dictum of Pierre de Coubertin, founder of the modern Olympics, that it’s not the […]

Scientists in Singapore have made a big leap on research on the ‘mini-brain’. These advanced mini versions of the human midbrain will help researchers develop treatments and conduct other studies into Parkinson’s Disease (PD) and aging-related brain diseases. These mini midbrain versions are three-dimensional miniature tissues that are grown in the laboratory and they have certain properties of specific parts of the human brains. This is the […]

|Mary-Ann Russon|IBNTimes|The President of the United Arab Emirates (UAE) has issued a series of new federal laws relating to IT crimes, including a regulation that forbids anyone in the UAE from making use of virtual private networks (VPN) to secure their web traffic from prying eyes. The new law states that anyone who uses a VPN or proxy server can be imprisoned and fined between Dh500,000-Dh2,000,000 ($136,000-$545,000, […]

|By Arabian Post Staff| First Gulf Bank reported a lower Group net profit for the first half of this year, recording AED 2.64 billion for the six-month period ended 30 June 2016, compared to AED 2.87 billion for the first half of 2015 FGB, one of the leading banks in the UAE, reported second quarter 2016 Group revenue growth of 3%, while Q2’2016 net profits were recorded at AED […]

Astronomers at the University of Michigan’s College of Literature, Science, and the Arts (LSA) discovered for the first time that the hot gas in the halo of the Milky Way galaxy is spinning in the same direction and at comparable speed as the galaxy’s disk, which contains our stars, planets, gas, and dust. This new knowledge sheds light on how individual atoms have assembled into stars, planets, […]

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New discoveries about spider silk could inspire novel materials to manipulate sound and heat in the same way semiconducting circuits manipulate electrons, according to scientists at Rice University, in Europe and in Singapore. A paper in Nature Materials today looks at the microscopic structure of spider silk and reveals unique characteristics in the way it transmits phonons, quasiparticles of sound. The research shows for the first time […]

Solar Impulse 2 has taken off for the final time, but its crossing of the Saudi desert – managing no-fly zones, wind and heat – could make its last flight the most difficult. Swiss pilot Bertrand Piccard, who took off from Cairo on Sunday and is expected to land in Abu Dhabi on Tuesday, will be navigating a region riven by tensions and conflicts that prevented him […]

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, December 12, 2012. Reuters/Denis Balibouse/File photo Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal […]

The good news is that most of the people who buy the Apple Watch like the product. The bad news is that not as many are buying the device as last year. Although the Apple Watch is still the leader in the new world of smart watches, holding a 47 percent market share in 2016, that figure is down from the 72 percent share it held in […]

INTERNATIONAL. Even before the failed military coup, Turkey’s President Erdogan governed like a dictator who had the last word on all state matters. The botched coup was nothing but, as he put it, “a gift from God” to purge what is left of Turkey’s democracy and cleanse the army and judiciary in order to ensure the total subordination of all institutions to his whims. For Erdogan, being […]

EGYPT. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Cairo Real Estate overview report determining the factors affecting all sectors in the real estate market. In March, Cairo’s Central Bank announced the devaluation of the Egyptian pound from EGP7.78:US$1 to EGP8.85:US$1 in order to boost the banking system to attract foreign investment and finance major projects, as well as […]

INTERNATIONAL. Following the vote to leave the EU, the UK economy is expected to face challenges in the short term, with high levels of uncertainty leading to a slowdown in business investment and lower GDP growth.  UK: In light of this, PwC has revised down its main scenario real GDP growth projection for the UK to 1.6% and 0.6% per annum in 2016 and 2017 respectively, down […]

The culmination of the world’s first tournament of automated computer security systems is set to take place in Las Vegas, Nevada on August 4. The Cyber Grand Challenge (CGC) will be hosted by DARPA (Defense Advanced Research Projects Agency) in the Paris Hotel, where seven security teams will put their automated systems to the test for a chance to win almost $4 million in prizes. “Today’s approach […]

For the past few years, scientists around the world have been studying ways to use miniature robots to better treat a variety of diseases. The robots are designed to enter the human body, where they can deliver drugs at specific locations or perform precise operations like clearing clogged-up arteries. By replacing invasive, often complicated surgery, they could optimize medicine. EPFL scientist Selman Sakar teamed up with Hen-Wei […]

A federal judge sentenced a man to six months in federal prison Thursday for hacking into hundreds of Apple and Google accounts and stealing scores of personal photos, including some belonging to celebrities. U.S. District Judge John A. Kronstadt also issued a $3,000 fine to Andrew Helton, who pleaded guilty to a federal hacking charge in February, according to the U.S. attorney’s office in Los Angeles. Helton, […]

The death of King Albert I of Belgium in 1934 — officially a climbing accident — still fuels speculation. Forensic geneticist Maarten Larmuseau and his colleagues at KU Leuven (University of Leuven, Belgium), have now compared DNA from blood found on the scene in 1934 to that of two distant relatives. Their analysis confirms that the blood really is that of Albert I. This conclusion is at […]

Centipedes move quickly. And when one is coming directly at you, you might not care to spend a moment pondering its agility. So perhaps our lack of understanding about just why centipedes move with such dexterity, even over obstacles, has been related to fear. But undeterred, researchers at Kyoto University have asked precisely this question, and have turned to computer simulations and ultimately robotics to find an […]

DUBAI // Weekend road closures at main exits on Sheikh Zayed Road have been announced by the Roads and Transport Authority. The closures will effect the Al Meydan and Al Hadiqa exits and will last from midnight on Thursday to 5am on Sunday. Drivers headed towards Al Hadiqa Street are advised to use the Umm Al Sheif Road exit as an alternative, while those going towards Al […]

DHAKA/NEW YORK Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion (£757 million) to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident. When hackers broke into the computers of Bangladesh’s central bank in February and sent fake payment orders, the Fed was tricked into […]

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada in this January 7, 2014, file photo. Reuters/Robert Galbraith/Files SAN FRANCISCO Former Yahoo executive Dan Rosensweig has not worked at the pioneering internet company in nearly a decade. But last week, as Yahoo Inc (YHOO.O) prepared to sell its core internet business, he was sporting a Yahoo T-shirt […]

|By Arabian Post Staff|Iran is exploring a return to international debt markets for the first time since 2002, a senior government official said, as the Islamic Republic seeks to finance an economic recovery a year after a historic nuclear deal that offered it a route out of isolation, Bloomberg reported. It quoted Economy Minister Ali Tayebnia, whose ministry is at the forefront of securing Iran’s access to […]

By transitioning Skype from a peer-to-peer architecture to a cloud-based one, Microsoft aims to enable the messaging and file-sharing service to better keep up with changing technologies and user habits. While the move hasn’t been completed yet, changes made so far have already helped support a number of new features on Skype, including mobile group video calling, near-real-time translations of conversations and bots for automated, artificial intelligence-powered […]

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