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BuzzFeed CEO Jonah Peretti supported Editor-in-Chief Ben Smith’s decision to publish a 35-page dossier containing damaging, unverified information about President-elect Donald Trump, saying that the company “stand(s) with Ben on his decision to publish this newsworthy document.” During his first press conference since becoming president-elect Wednesday, Trump blasted BuzzFeed for publishing the document in its entirety, calling the viral news organization “a failing pile of garbage” toward […]

By Emily Chow | SUNGKAI, Malaysia SUNGKAI, Malaysia The Malaysian plantation district of Sungkai has become an initial – and unlikely – battleground for an election that embattled Prime Minister Najib Razak is expected to call this year. Sungkai is home to ethnic Malays who work for the national palm plantation operator, Federal Land Development Authority (Felda). Known as “Felda settlers”, they have long been among the […]

Musa and Adenan KOTA KINABALU: Sabah leaders have expressed their sadness at the passing of Sarawak Chief Minister Tan Sri Adenan Satem. They also paid tribute to the late Adenan whom they described as a good leader who was an inspiration to the people of Sabah and Sarawak. Sabah Chief Minister Datuk Seri Panglima Musa Haji Aman in a statement said Malaysia had lost a good man […]

We have frequently written about the underwhelming performance of hedge funds over the last several years and continue to be perplexed by the seemingly misinformed decisions of the largest pensions and endowments to pay ridiculous fees for consistently lackluster performance (for example, see “Why Hedge Funds Remain The Worst Performing Asset Class Of 2016“).  As Bloomberg recently noted, long-short funds tracked by Credit Suisse returned negative 4.3% […]

ABU DHABI // The relationship between the UAE and Afghanistan goes back for more than a decade, with the Emirates involved in the country’s military stabilisation since the collapse of the Taliban regime. Since 2003, it has had an effective presence in Afghanistan, ensuring stability as the country continues to suffer attacks from Taliban militants, and delivering aid while helping it to rebuild. “Afghans appreciated UAE officers […]

Photo Sue Fulton Credit Andrew T. Warman for The New York Times You were a member of the first co-ed class at West Point, then you served in the Army for five and a half years, but it’s safe to say that you’ve spent more time on a different battle: fighting for civil rights within the military. Do you think there are any similarities between what drew […]

Turkish president Recep Tayyip Erdogan’s attempt to take control of all levers of power and a mounting terrorist threat has begun to alarm investors, sending the Turkish lira down 4 per cent to an all-time low on Wednesday. The lira traded at 3.93 to the dollar, down 12 per cent since the beginning of January, clocking its worst performance since a failed coup in July which prompted […]

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Lebanon’s President Michel Aoun said his country’s ties with Saudi Arabia were recovering, after tensions linked to the regional rivalry between Saudi Arabia and Iran led Riyadh to cancel $3 billion of military aid to Beirut last year. Aoun, an ally of the Iranian-backed Lebanese Shi’ite group Hezbollah, visited Saudi Arabia this week, trying to mend relations with the Sunni Muslim monarchy which has traditionally backed Hezbollah’s […]

|ARABIAN POST SPECIAL| Abu Dhabi’s much-fancied plan to set up the first SeaWorld marine life park outside the US on the Yas Island has run into a controversy, with the animal cause organisation PETA shooting off a letter of appeal to Abu Dhabi Tourism and Culture Authority to scrap the project. The theme park is set to be run by Miral Asset Management, which is the development […]

Minister implicated in Panama Papers says audit on his tax affairs to be published soon but refused to give any details or answer questions related to scandal Minister Konrad Mizzi addresses a press conference at Delimara Konrad Mizzi dodges journalists’ questions on Panama company The minister without portfolio Konrad Mizzi has promised that tax audits on his personal offshore company launched back in 2016 in the wake […]

President-elect Donald Trump on Wednesday claimed he recently turned down a $2 billion deal with Dubai developer Damac Properties as he separates himself from his far-flung global business empire. Trump, who is to be sworn in on January 20 and has been under pressure to transfer his business assets into a trust before he enters the White House, said he turned down the offer from Damac chairman […]

By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump is separating himself from his far-flung global business empire by transferring all assets into a trust and putting his two sons in charge, a Trump lawyer said on Wednesday. Along with plans to hire an ethics adviser, Trump is taking the steps to avoid inevitable questions about a potential conflict of interest between his businesses and the office […]

|By Arabian Post Staff| Although smartphone sales growth rate is slowing down worldwide, the Middle East and North Africa (MENA) region is witnessing an increase in sales. Smartphone shipment to the MENA region reached 171.2 million in 2016, up from 157.5 million, according to Statista.com – a global portal of statistics that collects information from 18,000 sources. This also means that the Middle East mobile market is […]

Turkey’s lira cemented its reputation as the most fragile of emerging market currencies on Wednesday, falling 4 per cent against the dollar to a fresh record low after the country’s current account deficit took a turn for the worse. Turkey’s currency has plunged 11.5 per cent so far this year and depreciated nearly 30 per cent in the last three months. The lira’s travails eclipse the South […]

To an outsider, it looked preposterous. The archaeologists were cataloging and storing absolutely everything, treating this physical material as though it were digital information — JPEGs of itself. And yet they couldn’t afford not to: Everything a Neanderthal came into contact with was a valuable clue. (In 28 years of excavations here, archaeologists have yet to find a fossil of an actual Neanderthal.) “This is like putting […]

CAIRO Islamic State supporters posted a video on Wednesday showing an elderly German man believed to have been kidnapped by Filipino Islamist Abu Sayyaf rebels last November. The video shows the German man in an orange jumpsuit standing in a freshly dug grave as black-clad and masked militants behind him spoke Arabic and threatened the German government in English while the Islamic State black flag stood in […]

Airbus posted an eight percent rise in deliveries last year, beating its own forecasts by a comfortable margin to set a company record, and pulled off a last-minute surge in orders to beat arch-rival Boeing in the race for new orders. Confirming an estimate published by Reuters, the European planemaker said on Wednesday it delivered 688 aircraft in 2016, compared with an official company forecast of more […]

Donald Trump angrily denied claims that Russia sought to cultivate and compromise him, after unverified allegations about his personal conduct and ties to Moscow spilled out into the open, just 10 days before his inauguration. US media reported that intelligence agency officials shared a written synopsis of a dossier containing lurid but unsubstantiated personal claims about Mr Trump, allegedly compiled by Moscow, when they met the president-elect […]

On Wall Street, Donald Trump’s election win spelt pain for the dollar and stock markets right up until the moment he began his acceptance speech in the early hours of November 9 at the New York Hilton. Then the dollar began a trough-to-peak surge that would leave it up almost 3 per cent, a performance only bettered in 2016 on the day after the Brexit vote. S&P […]

BEIJING China is set to consolidate five state media companies to create a “modern financial media group” to increase the state’s voice in economic and financial news coverage, the state-run Xinhua news agency said on Wednesday. Since taking power in 2012, President Xi Jinping, who has called for Beijing to take a bigger role in a global governance system, has stepped up media control and scrutiny to […]

KABUL Afghan security officials began investigating Tuesday’s attacks in the capital Kabul and the southern city of Kandahar as the death toll climbed to at least 50. The Ministry of Public Health raised the death toll from the Kabul attack to 37, with 98 wounded, while 13 people were confirmed dead in Kandahar. One security official said the death toll from the Kabul incident alone could reach […]

As CNN reported on a private intelligence report claiming that Russia has dirt on President-elect Donald Trump Tuesday night, BuzzFeed published the basis of the report, a 35-page dossier, online. Both CNN and BuzzFeed pointed out that the documents have been circulating since at least October and that its claims are unverified. BuzzFeed Editor-in-Chief Ben Smith explained his choice to publish the dossier in a memo to […]

By Se Young Lee and Ju-min Park | SEOUL SEOUL A South Korean special prosecutor’s office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in a widening influence-peddling scandal that may force President Park Geun-hye from office. Prosecutors have been looking into whether Samsung payments of about 30 billion won ($25 million) for a business and foundations backed by Park’s friend, Choi Soon-sil, […]

US Defense Secretary Ash Carter, a technophile and former Harvard professor, created the Strategic Capabilities Office when he was deputy defense secretary in 2012 The Pentagon may soon be unleashing a 21st-century version of locusts on its adversaries after officials on Monday said it had successfully tested a swarm of 103 micro-drones. The important step in the development of new autonomous weapon systems was made possible by improvements in […]

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