In London last month, Arabian Business was treated to a behind-the-scenes explanation of how in March Google’s AlphaGo computer programme thrashed the world’s best player at the ancient board game Go. The match represented a breakthrough in artificial intelligence (AI) research being undertaken by Google’s DeepMind since the start-up was acquired for a reported $400m in 2014. Go involves two contestants moving black and white stones on […]
It has been a bad week for Conservative Eurosceptics, their worst since their EU referendum victory in June. The sight of Zac Goldsmith, a leading Brexiter, losing his 23,000 majority in a by-election to the pro-European Liberal Democrats capped it. “The result doesn’t change anything,” said a Conservative spokesman, pointing out that Theresa May was still committed to starting Brexit by the end of March 2017, whatever […]
ALEPPO, SYRIA: Syrian government forces have recaptured half the former opposition stronghold of east Aleppo, a monitor said, with the UN now facing a “race against time” to aid children forced out by the bloody offensive.President Bashar Assad’s forces have made swift gains since their offensive against Aleppo — once Syria’s commercial powerhouse — began on November 15.Tens of thousands of civilians have streamed out of the […]
By Emma Farge | BANJUL BANJUL Gambians reacted with joy and stunned disbelief on Saturday to the defeat of President Yahya Jammeh, one day after he conceded that he lost an election set to end his 22 years in power. Jammeh’s government is accused of crushing dissent and torturing opponents and he had said he would rule for a “billion years”. As a result, few believed he […]
An international team of researchers led by Gaia Novarino, a scientist at the Institute of Science and Technology, Austria, discovered a new genetic cause for autism spectrum disorder. Autism Spectrum Disorder In Humans About 1 percent of the population in the world is currently suffering from autism and experiences a range of debilitating symptoms including difficulties in communication and interaction with people. Novarino said that autism is caused […]
By Abdiqani Hassan | BOSASSO, Somalia BOSASSO, Somalia Soldiers allied to the Western-backed Somali government said they killed seven insurgents from a faction loyal to the Islamic State group in a clash in northern Somalia on Saturday. The soldiers from the semi-autonomous region of Puntland are part of a force headed to the port town of Qandala, which has been under the control of the insurgents since […]
For months we’ve been warning that real estate markets in NYC and San Francisco, among others, are getting ready to rollover as the market is about to be flooded with new supply of luxury apartments (see here and here). Real estate in both markets are just starting to show signs of cracking as the apartments sales cycle is getting stretched out and pricing growth has stalled. Now, […]
By Sinead Carew and Chuck Mikolajczak | NEW YORK NEW YORK The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump’s surprise Nov. 8 victory, […]
ANKARA The Turkish military killed 20 fighters from the outlawed Kurdistan Workers Party (PKK) after they tried to attack army bases in the southeastern Hakkari province, the military said on Saturday. The fighters crossed into Turkey from northern Iraq and attempted to launch attacks on military bases in the mountainous border region, the military said, without giving further details. Turkey’s mainly Kurdish southeast has been rocked by […]
Opec’s production cut this week to bolster oil prices may strike many as a throwback to an earlier era, but it hinged on a very modern method of communication: a messaging group between the smartphones of Saudi Arabia’s delegation in Vienna and Prince Mohammed bin Salman al-Saud. For a royal priding himself on being a tech savvy moderniser in the kingdom, the use of a popular encrypted messaging service may […]
Virginia-based Kryptowire said that it had discovered the problem in a number of Android-based phones using firmware from the Chinese company Shanghai ADUPS Technology A US security company says a Chinese-made smartphone popular in the United States forwarded detailed user data and user texts back to a Chinese server without the phone owner’s knowledge. Virginia-based Kryptowire, which provides mobile security services to government agencies and private businesses, […]
AJMAN// A time capsule that sums up the UAE’s history with videos, pictures and writings, was the highlight of Ajman’s celebrations for 45th National Day. The capsule, an initiative from the Ajman Tourism Department, was launched on November 25 and will be on display until December 3 before being placed underground for a period of five years. People from across the country were invited to participate with […]
Successful SMEs set to become part of the supply chain for Qatar Shell and Pearl GTL 03 December 2016 Doha: As part of a nationwide strategy to support Qatari small and medium-sized enterprises (SMEs), Qatar Development Bank (QDB) and Qatar Shell will award contracts for five business opportunities; four will be awarded at a special ceremony on 5th December, and a fifth contract will be signed and announced […]
BANGKOK Thai police arrested an anti-junta activist on Saturday for defaming the monarchy in what rights groups said was the first case of lese-majeste brought under Thailand’s new king. King Maha Vajiralongkorn formally ascended the throne on Thursday following the death of his father, revered King Bhumibol Adulyadej, who died aged of 88 in October. Police Colonel Jaturon Trakulpan, a superintendent in northeastern Chaiyaphum province, said Jatupat […]
Businesses operating in GCC countries should brace themselves for further government action to raise non-oil revenues, according to a new ICAEW report. The accountancy and finance body said that given the weak outlook for oil prices, imposing tax measures, along with subsidy reforms, spending cuts, and a freeze on public sector recruitment and pay, will help to close the fiscal gap. Its Economic Insight: Middle East Q4 […]
Frequent tornadoes and thunderstorms that kill people and destroy property have become a matter of grave concern. In the United States alone, the insured losses caused by severe thunderstorms have been put at $8.5 billion from the period between January to June 2016. A new study has tried a linkage between climate change and the increasing incidents of tornadoes. Calling for a deeper study on some meteorological factors, […]
Photo Residents whose home was destroyed by a fire in the Jewish settlement of Halamish in the West Bank. Credit Menahem Kahana/Agence France-Presse — Getty Images NATAF, Israel — When Rama’s Kitchen, an earthy and much-loved restaurant in the small Israeli village of Nataf, was burned last week by one of the wildfires that raged in the area, the last civilians who stayed to fight the blaze […]
BEIJING U.S. President-elect Donald Trump’s call with Taiwan President Tsai Ing-wen was a “petty action” by Taiwan, Chinese Foreign Minister Wang Yi said on Saturday, Hong Kong-based Phoenix Television reported. The conversation was the first such contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter switched diplomatic recognition from Taiwan to China in 1979, acknowledging Taiwan as part of “one China”. “This is […]
US President Barack Obama has blocked a Chinese company’s purchase of German chip equipment manufacturer Aixtron on national security grounds in a move that highlights the growing hostility towards Chinese cross-border investment in western countries. In a presidential order issued on Friday, Mr Obama said “there is credible evidence” that Chinese investors Fujian Grand Chip “might take action that threatens to impair the national security of the […]
Asks Imran to stop vilifying others LAHORE: The Pakistan Muslim League-Nawaz (PML-N) lawmaker Hamza Shahbaz Friday said air is leaking out the balloon of Panama Papers issue and the Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan should stop vilifying others. Talking to media, Hamza said the PTI has nothing to say except for allegations, adding that one should not compromise on ethics in politics. Hamza urged that ethical […]
Europe’s financial markets are bracing for Italy to reject the government’s constitutional reforms in Sunday’s referendum, with investors warning that an emphatic No vote risks a sharp sell-off in Italian assets. Although there has not been panic ahead of the vote, there are signs of some nerves among money managers and traders whose attention in recent weeks has been dominated by the reflation trade unleashed by Donald […]
By David Brunnstrom and Emily Stephenson | WASHINGTON WASHINGTON U.S. President-elect Donald Trump spoke by phone on Friday with Taiwanese President Tsai Ing-wen, a transition team spokeswoman said, in a move likely to infuriate China and expected to complicate relations. The call, confirmed by Trump transition spokeswoman Hope Hicks, was the first such contact with Taiwan by a president-elect or president since President Jimmy Carter adopted a […]
SANA, Yemen — The Houthi movement and its allies formed a new government in Yemen on Monday, a surprise that angered their Saudi-backed rivals and complicated United Nations efforts to end a conflict that has ravaged the Arab world’s poorest country for much of the past two years. The announcement of the new government, reported by the Houthi-run state television and Saba news agency, said it was […]
Private equity firm Gulf Capital plans to sell some of its investments towards the end of 2017 and early 2018 as market sentiment and the regional economy improve, its chief executive told Reuters. Karim El Solh declined to say which stakes the Abu Dhabi-based company, one of the biggest private equity firms in the region, was considering offloading but said that they would be appealing to global […]
