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|By Arabian Post Staff| An estimated $100 billion has been involved in the systematic corruption and embezzlement |that plagued Saudi Arabia over several decades, Saud Al Mojeb, the kingdom’s Attorney General and member of the Supreme Anti-Corruption Committee, announced. The disclosure came in a statement on the status of the anti-corruption proceedings, which are moving forward There is strong evidence that confirms initial suspicions, which led Saudi […]

|By Arabian Post|For the first time since 2008, off-plan property sales now account for more than half of total real estate transactions in Dubai, according to a real estate broker in the city. While the gap between off-plan transactions and sales of ready property for the first 3Q of 2017 is only minor – 19,915 (50.45%) against 19,564 (49.55%) – fäm Properties, one of Dubai’s largest real […]

|By Arabian Post Staff|Foreign direct investment (FDI) inflows to West African countries increased 12% to $11.4 billion in 2016, supported by recovering investment in Nigeria, an analysis conducted by the Dubai Chamber of Commerce and Industry revealed. The analysis, based on data from United Nations Conference on Trade and Development (UNCTAD), was released by the Chamber as it prepares to host the 4th Global Business Forum on […]

|By Arabian Post Staff| Dubai-based Azizi Developments has announced the launch of a new mega community project in the heart of Dubai at an estimated cost of AED25 billion. The new mega project, whose name is yet to be announced, will have a distinctly British feel, with themes and elements influenced by contemporary British culture and way of living, thge company announced. The development will comprise residential, […]

|By Arabian Post Staff| The UAE Federal Tax Authority (FTA) announced that it will open online registration for tax purposes for businesses in mid-September 2017. The announcement was made at a media briefing by the FTA to familiarise with various aspects of the FTA’s work. The briefing also covered the implications of the tax procedures for boosting the momentum of the UAE’s sustainable economic development. Khalid Ali […]

|By Arabian Post Staff| Chinese operators are on track to launch commercial 5G networks by 2020 and are expected to establish China as the world’s largest 5G market by 2025, according to a new study by GSMA Intelligence and the China Academy of Information and Communications Technology (CAICT). The new study ‘5G in China: Outlook and Regional Comparisons’, which was published today at GSMA Mobile World Congress Shanghai, […]

By Vicki Krueger • May 17, 2017 Innovations can be analyzed so you can evaluate whether they will work at your organization. Here are some questions to ask when you are in the first phase of innovation: gathering ideas. Have you established realistic goals for this idea? Even if this idea had a positive outcome elsewhere, will it work at your organization? Is there a downside to […]

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Authored by Charles Hugh-Smith via OfTwoMinds blog, The system is disintegrating, and slapping a “reformist” coat of paint over the dryrot cannot renew the structural timbers that have rotted to their very core. I confess to being amused by the mainstream media’s implicit view that everything would be peachy if only Trump wasn’t president. Memo to MSM: the nation is fragmenting for reasons that have nothing to […]

TOKYO U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the U.S. president’s ability to push through an aggressive stimulus program that investors had […]

SINGAPORE — Although Singapore and China are different in size, they face common challenges in innovation and governance, noted Deputy Prime Minister Teo Chee Hean yesterday as he kicked off a high-level bilateral forum on leadership. Delivering the keynote address during the 6th China-Singapore Forum on Leadership, Mr Teo said the common obstacles faced by both countries included an ageing population, a slower-growing workforce, rising expectations of […]

The timing, intensity and public announcement of the accusations suggested that the Trump administration was signaling a tougher political line on Syria, as well as seeking to embarrass Russia and Iran, all in an effort to put pressure on Damascus at the Geneva talks. Continue reading the main story Five previous rounds of negotiations in Geneva have yielded little progress. The war is now in its seventh […]

Dubai’s Roads & Transport Authority (RTA) has announced the introduction of traffic diversions on internal roads of the Dubai Investment Park (DIP) and Discovery Gardens. The diversions are being put in place because of the emirate’s construction works on the Route 2020 Project. Eng. Maitha bin Adai, CEO of RTA’s Traffic and Roads Agency, said the traffic diversion will be put in place over two phases on […]

As part of a project dedicated to modeling how single-celled purple bacteria turn light into food, a team of computational scientists simulated a complete ATP synthase in all-atom detail. The work builds on the project’s first phase—a 100-million atom photosynthetic organelle called a chromatophore—and gives scientists an unprecedented glimpse into a biological machine whose energy efficiency far surpasses that of any artificial system. (via WSJ)

Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and start two new venture capital funds to build its technology holdings. The SoftBank fund will be “wrapped up” in two to three weeks with about $95 billion of commitments, according to Ibrahim Ajami, head of venture capital at Mubadala Capital, the sovereign wealth fund’s investment arm. Mubadala plans to […]

BAGHDAD U.S.-backed Iraqi forces pushed deeper into the last pocket of Mosul controlled by Islamic State militants on Sunday as the battle for the city approaches an end after seven months of gruelling urban combat. The militants have now been dislodged from all but a handful of districts in the western half of Mosul including the Old City, where Islamic State is expected to make its last […]

The Federal Reserve is actively considering a profound change in US monetary policy, in effect the reversal of quantitative easing (QE). In its March meeting, the FOMC discussed its strategy for the future run down of its balance sheet, and said that further debate would take place in upcoming meetings. The FOMC has already concluded that “a change in the Committee’s reinvestment policy would likely be appropriate […]

State-owned utility Qatar General Water & Electricity Corporation (Kahramaa) has awarded Siemens its largest contract to-date in Qatar for the expansion of the country’s power transmission network. As part of the deal, valued at QR3.1 billion ($851 million), Siemens will deliver 35 turnkey super and primary substations for phase 13 of the Qatar Power Transmission System Expansion project. This marks a significant milestone for Siemens, which has […]

As computer chips become smaller, faster and more powerful, their insulating layers must also be much more robust — currently a limiting factor for semiconductor technology. A research team says this new phase of hafnia is an order of magnitude better at withstanding applied fields. (via WSJ)

Sharjah Investment and Development Authority (Shurooq) has announced the launch of a new brand of hotels – Sharjah Collection.       In its first phase of development, Sharjah Collection has unveiled its first three properties, including Kingfisher Lodge, a collection of tented lodge-style accommodations surrounded by mangroves and diverse ecological zones.  Al Badayer Lodge will also be included and will be developed against the backdrop of a prominent natural […]

By John McCrank | NEW YORK NEW YORK Goldman Sachs Group Inc (GS.N) will launch a new private stock-trading venue, known as a “dark pool,” on Friday, that is run by exchange operator Nasdaq Inc (NDAQ.O), according to a note to clients obtained by Reuters. Goldman has been refreshing its trading technology to become more competitive in its electronic stock execution business, and hired Nasdaq last year […]

Ericsson has launched its “dynamic orchestration” solution, which the networking giant said will allow mobile telecommunications carriers to migrate to 5G and Internet of Things (IoT) applications by virtualising their networks. Ericsson’s self-professed “ambition to lead IT transformation services” led it to develop the solution, which delivers cloud-based software and professional services on demand and in real time, with the solution working across hybrid networks and multiple […]

CERN is stepping up the game in the field of nuclear research. The European physics research center inaugurated its newest particle accelerator, Linac 4, during a May 9 ceremony in the Swiss city of Geneva. This latest acquisition marks the first step of an extensive hardware upgrade, which aims to gather even more data from the Large Hadron Collider or LHC — CERN’s 17-mile-long circular accelerator, which scientists […]

Manama, 10 May 2017 GFH Financial Group (GFH) announced today that Islamic International Rating Agency (IIRA) has upgraded its national scale ratings by a notch to ‘BBB-(bh)/A3(bh)’ (TripleB Minus/ A Three) with a ‘Stable’ outlook and maintained its international scale ratings at ‘BB/B’ (Double B / Single B),  1`. According to the agency’s report, the rating action recognizes recent positive developments that have reinforced the Group’s balance […]

Flock’s Bhavin Turakhia: “Good software should follow the principle of, ‘don’t make the user think’.” Image: Flock Helping teams communicate and share information better has been a challenge that many different enterprise messaging apps have tried to solve, from Slack and Microsoft’s Yammer, to Cisco’s Spark and Facebook’s Workplace. Another new entrant to this space is Flock, which boasts customers Whirlpool, Tim Hortons, and Victorinox. ZDNet recently […]

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