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 […]
TEHRAN — In a sign of further tension between regional rivals, Iran will not allow its citizens to travel to Saudi Arabia for the annual Muslim pilgrimage to Mecca in September, Iran’s state television reported on Sunday. The decision, which means that tens of thousands of Iranians cannot make their spiritual journey to the main pilgrimage site of Islam, came after several failed rounds of talks between […]
JERUSALEM — In a politically fractious country troubled by monumental security challenges, Israel’s military has long served as an equalizer and unifier, a “people’s army” that, at least in the eyes of the Jewish majority, reflected the general interest. But the Israeli people, and with them the government, have shifted to the right amid an upsurge of Palestinian stabbings and other attacks. Now the military finds itself […]
SAN FRANCISCO Billionaire media owner Pierre Omidyar is backing news and entertainment web site Gawker Media in its lawsuit against wrestler Hulk Hogan, adding a new twist to a case pitting technology money against press freedom. Omidyar, owner of The Intercept publisher First Look Media, is asking other media outlets to file legal briefs in support of Gawker, First Look said in a statement on […]
The latest acquisition by Intel could give it a big leg up in the race to develop Internet of Things (IoT) and autonomous driving technology. The chipmaker signed an agreement yesterday to acquire computer vision software company Itseez Inc. The 11-year-old San Francisco-based firm will become part of Intel’s IoT Group (IOTG). “Intel is focused on delivering end-to-end IoT solutions addressing devices, wired and wireless networks and […]
By THOMAS ERDBRINK May 27, 2016 TEHRAN — More than 30 college students were arrested, interrogated and within 24 hours were each given 99 lashes for attending a graduation party that included men and women, Iran’s judiciary has announced. The punishments, which were believed to be part of a wider crackdown by a judiciary dominated by hard-liners, were meted out in Qazvin, about 90 miles northwest of the capital, […]
By THOMAS ERDBRINK May 27, 2016 TEHRAN — More than 30 college students were arrested, interrogated and within 24 hours were each given 99 lashes for attending a graduation party that included men and women, Iran’s judiciary has announced. The punishments, which were believed to be part of a wider crackdown by a judiciary dominated by hard-liners, were meted out in Qazvin, about 90 miles northwest of the capital, […]
Prescribing certain medications on the basis of a patient’s race has long come under fire from those uneasy with using race as a surrogate for biology when treating disease. But there are multiple challenges to overcome before we can move beyond race-based treatment decisions, writes Duke University geneticist and bioethicist Charmaine Royal in a perspective piece published May 25 in the New England Journal of Medicine. In […]
Online payment service PayPal is abandoning the apps that it created for Microsoft Windows Phone, BlackBerry and Amazon Fire OS. The company announced the move this week on its blog. The news paves the way for PayPal to steer users toward the latest versions of its app for Apple’s IOS and Google’s Android. Those two platforms have come to dominate the mobile payment space. The last day […]
A new proposal by House Republicans would effectively put an end to net neutrality while slashing funding for the Federal Communications Commission (FCC). The legislation would reduce the agency’s funding by more than 17 percent, likely leaving the agency crippled and incapable of enforcing its regulations. The proposal would also explicitly prohibit the agency from making any rules regarding either cable set-top boxes or Net neutrality. “The […]
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, is briefed on the construction phases, design, building technologies and the methods used to transport the ‘artificial island’ from Finland to Dubai. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the project reflected Dubai’s vision to achieve global leadership in innovation and excellence. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of […]
An Apple store is seen in Los Angeles, California, United States, April 22, 2016. Reuters/Lucy Nicholson/Files SAN FRANCISCO Apple Inc is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, according to people familiar with the matter and a review of LinkedIn profiles. For more than a year, Silicon Valley has been buzzing about Apple’s plan to […]
A rare institution in this country, the Future Centre for Special Needs in Abu Dhabi has succeeded in integrating 100 special needs pupils into mainstream schools since it opened its doors in 2000. Children begin trickling into Abu Dhabi’s Future Centre for Special Needs at 8am. Early arrivals play or receive some individual attention. Thirty minutes later, they begin the first group session. “Circle time is different […]
|By Matein Khalid| In retrospect, 2016 will go down in German political and economic history as a significant game changer, on the scale of 1989 (fall of the Berlin Wall), 1990 (reunification) and 1999 (the Euro), even 1945 (launch of Deutschemark), 1945 (Third Reich surrenders), 1943 (Stalingrad) and 1933 (Hitler elected). Chancellor Merkel, renamed Mutti Multi kulti, allowed a million migrants to settle in Germany. The far right […]
The study found that 29 per cent of Emiratis are keen to use their Emirates ID cards to make payments, making them the highest demographic group in the GCC to want to do so. Dubai: Seventy seven per cent of residents across the GCC would opt for alternatives to cash and card payments, should they be available in their country, according to a study commissioned […]
The UAE on Tuesday announced that it would allocate 15 per cent of its projected budget to humanitarian contributions over the next four years. Dr Maytha Al Shamsi, Minister of State, made the pledge while addressing a session of the World Humanitarian Summit in Istanbul, highlighting the directives of President Sheikh Khalifa, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohammed bin Zayed, […]
MANILA More than three months have passed since $81 million was stolen in a brazen cyber-heist from Bangladesh’s central bank and sent to Manila – yet authorities in the Philippines appear no closer to nabbing those who laundered most of the money through a bank and casinos here. Nobody has been arrested, the National Bureau of Investigation (NBI) – the nation’s equivalent of the FBI – has […]
