}By Arabian Post Staff| Iran plans to set up its own financial center as it seeks to attract global financial institutions, Bloomberg reported. Chinese and Russian banks are seeking to set up representative offices in the area, Farhad Taghizadeh-Hesary, senior adviser to the Qeshm Investment and Development Co., was quoted as sayig in an interview. One of Japan’s largest banks is also negotiating with officials on establishing a […]
BEIRUT, Lebanon — Relief trucks delivered food aid for the first time in four years to Daraya, the rebel-held Syrian town just outside of Damascus that has come to symbolize civilian suffering in the war, the United Nations said Friday. But even as the relief convoy’s success was announced by the World Food Program, the United Nations anti-hunger agency, residents of Daraya were reporting that Syrian military […]
Global IP traffic is expected to triple over the next five years, as a result of more than 1 billion new Internet users coming online before 2020, according to Cisco. As many as 10 billion new devices may join the Internet in that time, bringing the total number of connected devices up to 26.3 billion from the 16.3 billion that were connected in 2015. The study is […]
Last bastion of financial system pays salaries on both sides of civil war as governor maintains ‘economic traduce’ Yemeni locals and secruity guards are pictured outside the Central Bank of Yemen in the capital Sana’a. Dubai: As civil war engulfs Yemen, the central bank is so committed to staying neutral that it pays salaries of soldiers on both sides. The bank […]
FILE PHOTO — A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange December 11, 2014. Reuters/Brendan McDermid/File Photo SAN FRANCISCO/NEW YORK (Reuters/IFR) – Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters. […]
ABU DHABI // Young people must be able to distinguish righteous religious leaders as those who call for peaceful tolerance, not destruction and bloodshed, Egypt’s minister of religious endowments said on Wednesday. Dr Mohammed Gomaa listed issues that need to be clarified for youth to protect society from radicalism as he spoke at the first of the Sheikh Mohammed bin Zayed Ramadan majlis series in Abu Dhabi. […]
ABU DHABI // The Cabinet approved a national programme for tolerance on Wednesday as the country marks the holy month. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, made the announcement while pledging that the country would continue to promote the principles of tolerance set by Sheikh Zayed, the Founding Father. “Tolerance is a key value of our ancestors and our Founding Fathers,” said Sheikh […]
By RICK GLADSTONE and NICK CUMMING-BRUCE June 7, 2016 Syria’s president promised to retake “every inch” of the country from his foes in a defiant speech on Tuesday that dimmed hope for a revival of talks to end the war, now in its sixth year. The speech by the president, Bashar al-Assad, was his first major address since talks in Geneva mediated by the United Nations broke down in April, and […]
By ISABEL KERSHNER June 7, 2016 JERUSALEM — The Israeli police briefly detained a leader of a Jewish women’s rights group on Tuesday for bringing a Torah scroll to the Western Wall, signaling a resumption of the battle over rituals at the holy site here. Lesley Sachs, the executive director of Women of the Wall, was detained as she exited the Western Wall plaza Tuesday after prayers to mark […]
KABUL, Afghanistan — An American journalist for NPR was killed on Sunday afternoon along with his Afghan translator in a Taliban ambush in southern Afghanistan, the Afghan military confirmed. NPR also confirmed their deaths on Sunday. The victims were identified as David Gilkey, a photographer and videographer who was part of a four-person NPR team embedded with Afghan Special Forces in Helmand Province, and his translator, Zabihullah […]
DUBAI // A Ramadan education campaign to distribute five million books to children in refugee camps and schools around the world was launched on Sunday by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The Reading Nation campaign, announced by Sheikh Mohammed on Twitter, is part of Mohammed bin Rashid Al Maktoum Global Initiatives. He said that he asks God to accept his and the […]
Ali was the most thrilling if not the best heavyweight ever, but he was more than the sum of his athletic gifts Ali faces the media at the US federal court in June 1967, while on trial for refusing to be inducted into the armed forces. New York: Muhammad Ali, the three-time world heavyweight boxing champion who helped define his turbulent times as the most charismatic […]
WASHINGTON — An exhausted and ill-equipped Iraqi Army faces daunting obstacles on the battlefield that will most likely delay for months a long-planned major offensive on the Islamic State stronghold of Mosul, American and allied officials say. The delay is expected despite American efforts to keep Iraq’s creaky war machine on track. Although President Obama vowed to end the United States’ role in the war in Iraq, […]
PARIS — With the Obama administration having effectively given up on negotiating a deal between the Israelis and the Palestinians, France tried its hand on Friday at making Middle East peace but ended the day with little to show for its efforts. Even before President François Hollande convened diplomats from 29 countries for the session — including Secretary of State John Kerry but no representatives of either […]
Iran’s top leader said Friday that trusting or cooperating with the United States would be a big mistake, an assertion that seemed to rule out any greater collaboration despite the nuclear deal reached nearly a year ago. The statement by the leader, Ayatollah Ali Khamenei, made in a nationally televised speech, was the latest in a series of signals that Iran’s senior leadership was not likely to […]
Hewlett Packard Enterprise (HPE) announced a new suite of applications and services yesterday to help businesses comprehensively manage, govern and extract actionable insights from enterprise information. The new suite, called HPE Verity, aims to offer companies a set of tools that are both integrated and modular. The objective of HPE Verity is to address the problem enterprises have trying to manage a wide variety of data types, […]
Saudi Arabia’s sovereign wealth fund made its highest-profile deal, investing $3.5 billion in U.S. ride-share company Uber Technologies Inc. as the country seeks to diversify its assets with more overseas acquisitions. Yasir Alrumayyan, managing director of the Public Investment Fund, will take a board seat at the San Francisco-based company after the deal, which values Uber at $62.5 billion, the company said in a statement. It’s the biggest […]
INTERNATIONAL. –(BUSINESS WIRE)–Shifting power relationships in the Middle East are reordering regional geopolitics, entrenching a stalemate of conflict that threatens to further destabilize the region. Wars in Syria and Yemen and against the Islamic State, combined with the balancing of supply and demand in oil markets later this year, will likely return a risk premium to oil prices in 2017, says a new special report by IHS […]
More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks. The service is available in six countries and among a limited range of banks, though in recent weeks Apple has added four banks to its sole Singapore partner American Express; […]
Dubai resident M. N. Vivekanandan with his ‘Share ‘n’ Care Library in his home. Dubai: If you’re a student based in the UAE and looking for books to rent, Dubai resident M. N. Vivekanandan has initiated an easy way to do so. The 16-year-old student has a collection of over 1,000 books in his home’s ‘Share ‘n’ Care Library’. He told […]
By ANNE BARNARD May 31, 2016 BEIRUT, Lebanon — Rescue workers pulled children and other victims from the rubble of two hospitals in a city in insurgent-held northern Syria on Tuesday morning after the latest aerial bombardments. The attacks began Monday night, and, witnesses said, they appeared to be airstrikes conducted by Syrian government forces or their Russian allies. Rescue workers and antigovernment activists said that more than 20 […]
The application icons of Facebook, Twitter and Google are displayed on an iPhone next to an earphone set in this illustration photo taken in Berlin, June 17, 2013. Reuters/Pawel Kopczynski/Files BRUSSELS – Facebook, Twitter, Google’s YouTube and Microsoft on Tuesday agreed to an EU code of conduct to tackle online hate speech within 24 hours in Europe. EU governments have been trying in recent months to get […]
By THOMAS ERDBRINK May 31, 2016 TEHRAN — A leading conservative was re-elected speaker of Iran’s Parliament on Tuesday, denying reformists a post they thought they had earned with a big win in February elections. In a mild surprise, an overwhelming majority of Iran’s lawmakers chose a conservative candidate, Ali Larijani, who has held the position since 2008. Mr. Larijani, 57, scion of a powerful Iranian family, is not […]
Basma Abdel Aziz was walking in downtown Cairo one morning when she saw a long line of people standing in front of a closed government building. Returning hours later, Ms. Abdel Aziz, a psychiatrist who counsels torture victims, passed the same people still waiting listlessly — a young woman and an elderly man, a mother holding her baby. The building remained closed. When she got home, she […]
