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Microfinance case trouble for Vellappally // UK air traffic outage inflicted £33m financial losses // Oil advances towards $100 as tanker attacks persist // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Private varsities bill all set to face the axe // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Dubai details five-year visa benefits for returning visitors // Technology shares plunge as Nasdaq enters correction // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // OpenAI introduces GPT-6 Cyber with restricted security access // OpenAI abandons secrecy agreements for future data centres // Excise chief shunted out in bar licence dispute // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Millions Of Indians May Soon Be Deprived Of Government Assistance // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Motorola introduces Signature 27 flagship priced at $1,599 // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Emaar approves Development buyout ahead of planned delisting // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion //

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UAE. The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst on-going global uncertainty, according to the H1 2016 UAE Industrial & Logistics MarketView, by global real estate consultancy firm CBRE. The softening of crude oil prices over the past 18 months has had mixed effects on the UAE industrial sector, and on the markets in Dubai and […]

By Edward Taylor and Eric Auchard | PARIS/FRANKFURT PARIS/FRANKFURT Alarmed by the threat posed by Silicon Valley firms to their businesses in developing autonomous driving systems, it was evident at the Paris Motor Show this week that carmakers are seeking to fight back by cooperating in areas of technology development where previously they might have tried to compete. Three big carmakers – BMW (BMWG.DE), Daimler (DAIGn.DE) and […]

By ERIC SCHMITT, MICHAEL R. GORDON and SOMINI SENGUPTA September 20, 2016 Russia was probably responsible for the deadly bombing of a United Nations humanitarian aid convoy in Syria, American officials said Tuesday, further shredding what remained of a severely weakened agreement between the United States and Russia aimed at halting the war. Aghast at the attack on Monday night, United Nations officials on Tuesday suspended all aid convoys in Syria, describing the […]

|By Matein Khalid| When Ben Bernanke uttered the word “taper” in May 2013, he triggered a bloodbath in emerging markets and a free fall in “fragile five” currencies that included the Indian rupee and the Indonesian rupiah. However, Asian equities markets, while not immune to a Fed rate hike, are far better positioned for higher US dollar interest rates than in 2013, let alone 2007 or 1998. […]

|By Arabian Post Staff| The global oil market will most likely remain oversupplied for the rest of 2016 and well into 2017, rating agency Standard & Poor’s has forecast. The view has been attributed to global oil production remaining in excess of demand, and the resulting persistently high crude oil and product inventories putting spot prices and near-term futures under significant pressure. Members of the Organization of […]

|By Arabian Post Staff| Platts, independent provider of information and benchmark prices for the commodities and energy markets, announced that it will publish independent, outright price assessments for a range of oil products for the Middle East market on a Free-On-Board Fujairah basis starting October 3, 2016. The new assessments are for gasoline, diesel/gasoil, jet fuel and fuel oil. They will be published alongside existing physical netback […]

President Obama arrived in New York City on Sunday evening for three days that will mix election-year politics with a farewell to the world stage at the United Nations. But the visit comes against a suddenly tense backdrop, after a powerful explosion rocked a Manhattan street and a man claiming fealty to the Islamic State stabbed several people in a Minnesota shopping mall. The president’s diplomatic schedule […]

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The Interpreter By MAX FISHER You could be forgiven, after five years of Syria’s war dominating front pages, for feeling lost. It is easy to track the war’s toll: It has killed 400,000 people, displaced millions, opened space for the Islamic State, and sucked in foreign powers, including the United States. It is harder to keep track of the how and why. The basics can seem even […]

|By Matein Khalid|I had written a column two weeks ago outlining my view that US equities faced a dangerous autumn and the S&P 500 index was set for a fall of 150 points. However, even I did not expect the S&P500 index to fall 52 points on Friday (the Dow dropped 394 points and NASDAQ 133 points), its worst performance since the Brexit shock. It was even […]

FRANKFURT Volkswagen’s luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world’s largest car market. Audi and FAW-Volkswagen, VW’s joint venture with FAW Car Co Ltd, have signed letters of intent with Alibaba, Baidu and Tencent, Audi said on Sunday. Financial terms were not disclosed. Parent Volkswagen has been hobbled by a scandal over the […]

|By Steve Austin| At first sight it appears that low oil prices are good for society. A low oil price helps us save dollars at the pump, acts as an economic catalyst making exchanges cheaper and thereby stimulating the economy. However, there are downsides as well, often out-of-sight-out-of-mind and we will address these today. Change in economic model For the first time we have entered an era […]

SAUDI ARABIA.  Saudi Arabia’s non-oil private sector continued on its upward trajectory in August, with business conditions improving to the greatest extent in a year. Output and new business remained the key growth drivers – both rose sharply and more quickly than in July. Employment and input stocks also increased, with a number of companies looking to expand capacity in line with rising workloads. Meanwhile, price pressures […]

BEIRUT, Lebanon — As Muslims from around the world head toward Mecca for the annual hajj pilgrimage, Saudi Arabia and Iran have escalated their sectarian rivalry over which country represents the true Islam. Iran unleashed the first barb Monday, when the country’s supreme leader, Ayatollah Ali Khamenei, accused Saudi Arabia of deliberately killing pilgrims during last year’s hajj. He called for the world’s Muslims to reconsider Saudi […]

/by Arabian Post Staff/The global growth of asset management stalled as the industry in 2015 recorded its worst year since the 2008 financial crisis, according to a report by The Boston Consulting Group (BCG). Growth in assets under management (AuM) stalled—or in the case of the Middle East declined 10%—and net new flows of assets, revenue growth, and revenue margins all dipped lower in 2015, according to […]

By David Shepardson | WASHINGTON WASHINGTON Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 U.S. dealers for their losses from the German automaker’s diesel emissions scandal, two sources briefed on the matter said on Thursday. The company and a lawyer for VW dealers announced a tentative settlement at a court hearing in San Francisco, but declined to disclose the amount. The […]

By Jessica DiNapoli U.S. internet publisher Gawker Media Group Inc said on Thursday that it would shut down its news and gossip website Gawker.com next week after Univision Holdings Inc successfully bid for the internet publisher’s six other websites. The decision to end Gawker.com’s 14-year run comes two days after Univision (UVN.N) won a bankruptcy auction to acquire Gawker Media for $135 million, outbidding media company Ziff […]

By Tom Bergin | LA HULPE, Belgium LA HULPE, Belgium More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have told Reuters that the organisation for years suspected there were weaknesses in the way smaller banks used its messaging terminals – but did not address such vulnerabilities. […]

MOSCOW — Russia launched a fleet of bombers bound for Syria on Tuesday from an Iranian air base, becoming the first foreign military to operate from Iran’s soil since at least World War II. Russian use of the base, with Iran’s obvious support, appeared to set back or at least further complicate Russia’s troubled relations with the United States, which has been working with Russia over how […]

Recent findings indicating the possible discovery of a previously unknown subatomic particle may be evidence of a fifth fundamental force of nature, according to a paper published in the journal Physical Review Letters by theoretical physicists at the University of California, Irvine. “If true, it’s revolutionary,” said Jonathan Feng, professor of physics & astronomy. “For decades, we’ve known of four fundamental forces: gravitation, electromagnetism, and the strong […]

|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 […]

UAE.  While cybersecurity is one of the most prevalent issues of our time, the resulting impact of a cyber incident is still largely unproven. Recognizing the need of business leaders to have clarity around the enterprise-wide effect of such events, Deloitte the global leader in cyber risk advisory services, released: “Beneath the surface of a cyberattack: A deeper look at business impacts,” a risk-based report outlining the […]

INTERNATIONAL. The future for many young people across the Middle East and North Africa looks bleak. The World Bank records that 54% of the working age population in the Middle East and North Africa is unemployed with little prospect of any positive immediate change. An average of 28.7% of 15 to 24-year-olds in the Middle East and 30.6% of those in North Africa are unemployed according to […]

BAGHDAD — If there were one safe place in Iraq, it should be a hospital nursery, locked down for the night with dozens of babies nestled inside. But here, not even that is a given. When a fire started late Tuesday night in the maternity wing of one of Baghdad’s main hospitals, it quickly engulfed the babies’ room. And then, in another Iraqi tragedy in a horrifying […]

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 […]

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Just in:
Excise chief shunted out in bar licence dispute // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Dubai details five-year visa benefits for returning visitors // Oil advances towards $100 as tanker attacks persist // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // TVM –Mangaluru Vande Bharat claims top spot // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // APT29-linked campaign exploits outdated Apple and Android software // Private varsities bill all set to face the axe // OpenAI abandons secrecy agreements for future data centres // CM disputes Vijayan’s claims // Ousted top Kochi cop gets IG post // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Technology shares plunge as Nasdaq enters correction // Kochi police detain two actors over bid to honey trap doctor // Motorola introduces Signature 27 flagship priced at $1,599 //