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 […]
|By Matein Khalid|Dr. Mervyn King broke with tradition by publishing his book “The End of Alchemy: money, banking and the future of the global economy”. After all, retired governors of the Bank of England do not, as a rule, do not write/publish books, let alone write books that lambast the City of London’s culture of greed and hubris. It is no coincidence that Dr. King quotes T.S. […]
A Kurdish militant group claimed responsibility on Friday for a car bombing this week that killed 11 people and wounded dozens near a central tourist district in Istanbul. The group — Kurdistan Freedom Falcons, or T.A.K. — said the attack on Tuesday had been carried out in retaliation for Turkish Army operations in the Kurdish-dominated region of southeastern Turkey, and it warned tourists to stay away from […]
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. […]
LEBANON. Byblos Bank issued today the results of the Byblos Bank Real Estate Demand Index for the first quarter of 2016. The results show that the Byblos Bank Real Estate Demand Index posted a monthly average of 42.5 points in the first quarter of 2016, representing a decrease of 12.5% from 48.5 points in the fourth quarter of 2015. The results constitute the ninth steepest quarter-on-quarter decline […]
INTERNATIONAL. A sense of disappointment permeated through the global markets during trading on Monday following last week’s shocking NFP result of 38k that discounted expectations over the Fed raising US rates in Q2. With the number of jobs created falling to its lowest level since 2007, the Dollar was left vulnerable as concerns elevated over a potential economic slowdown in the States. Although the headline unemployment rate […]
In the days before rapid sea or air travel, it could take months to travel to Mecca. The spiritual heart of Islam lay far from its great capitals in Istanbul, Delhi and Isfahan. The devout came from distant lands on foot, by camel and in horse-drawn carriages. Bedouin tribes routinely robbed these pilgrims, who were the primary source of revenue for this ancient desert town. Now, the […]
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 Arabian Post Staff|The Saudi Arabia Monetary Agency has written to banks instructing them not to under-report Saudi Interbank Offered Rate they’re actually lending at, Bloomberg reported. The decision came after some banks were seen conducting business at higher rates than were quoted, indicating some submissions were below the real market, according to two of the people. SAMA is exerting greater control over Saudi Arabia’s banking sector as […]
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 […]
By RANA F. SWEIS June 6, 2016 AMMAN, Jordan — Three officers of the Jordanian intelligence service and two other employees of the service were killed on Monday in a Palestinian refugee camp near the capital, Amman, in what the government said was a terrorist attack. The government has opened an investigation into the assault, which took place around 7 a.m. at an intelligence office in the Baqaa refugee camp, […]
AMMAN, Jordan — Three Jordanian intelligence officers and two other employees of the service were killed on Monday in a Palestinian refugee camp near the capital, Amman, in what the government said was a terrorist attack. The government has opened an investigation into the assault, which took place around 7 a.m. at an intelligence office in the Baqaa refugee camp, which was set up after the Arab-Israeli […]
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 […]
Living cells are capable of performing complex computations on the environmental signals they encounter. These computations can be continuous, or analogue, in nature — the way eyes adjust to gradual changes in the light levels. They can also be digital, involving simple on or off processes, such as a cell’s initiation of its own death. Synthetic biological systems, in contrast, have tended to focus on either analogue […]
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 […]
In all my long days as an automotive writer, not one single car manufacturer has asked me to attend their display at an international motor show, and drape myself alluringly across the hood of one of their vehicles. Sex Sells When people (in truth, men) discovered sex sells, car makers jumped on the band wagon. They found that a seductive model adjacent to the product seemed to […]
It’s amusing that yoghurt, which originated as a way to make milk last longer before the days of refrigeration, now makes grocery shopping last longer as we try to make sense of the dizzying selection in the refrigerator case. I regularly get questions from people confused about which yoghurt to buy. Here are a few of the most commonly asked with answers to help you choose more […]
The Chevrolet Spark is designed for city dwellers who are looking for a small car that packs all the connectivity features of the big cars, but don’t require the horsepower or the proportions of a bigger vehicle. For 2016, the all-new Spark packs 17% more power than the first-generation model, so the power output increases from a measly 84 horsepower to a more acceptable 98 horsepower. What’s […]
New fatwa matches a view expressed in April by Dubai’s Islamic Affairs & Charitable Activities Department Manama: A Saudi scholar has banned the use of other people’s Wi-Fi without their knowledge, saying that Islam could not tolerate theft. “Taking advantage of the Wi-Fi service illegally or without the knowledge of other beneficiaries or providers is not allowed,” Ali Al Hakami, a […]
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 […]
