|By Matein Khalid| The fall in oil prices since 2014 has triggered a liquidity crunch and higher funding costs in the UAE banking system. EIBOR is almost double the London interbank rate LIBOR. Non-performing loan (NPL) have begun to rise as property prices have fallen 20% from their peak and corporate/SME borrowers are hit by a sharp downturn in the business cycle. DIB shares reflect these macro […]
Google, Hewlett Packard Enterprise and IBM are among nine tech giants coming together to promote a new standard for data center servers. Designed to speed up server performance, the OpenCAPI specification is aimed at helping businesses better handle today’s increasingly data-intensive workloads. Working together as part of the new OpenCAPI Consortium, the industry partners said they expect that the first products based on the new standards will […]
DUBAI // City authorities plan to make Dubai fully accessible to the disabled. Surveys in hospitals, hotels, mosques, malls, schools and transport hubs will determine what needs to be done. Finding a way for disabled people to get from their homes to any destination by public transport is a challenge, but it is not impossible, planners say. Senior officials from transport authorities, the municipality and disability support […]
By HWAIDA SAAD and NICK CUMMING-BRUCE September 30, 2016 BEIRUT, Lebanon — An array of groups allied with the Syrian government pressed an assault on rebel-held eastern Aleppo on Friday, as the World Health Organization said heavy bombardment of the area by Russia and Syria had killed 338 people in the last week, including more than 100 children. With more of the city’s already limited hospitals destroyed in the latest offensive, […]
UAE. The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst on-going global uncertainty, according to the H1 2016 UAE Industrial & Logistics MarketView, by global real estate consultancy firm CBRE. The softening of crude oil prices over the past 18 months has had mixed effects on the UAE industrial sector, and on the markets in Dubai and […]
Two years ago, Meitha Al Mazrooei and Rand Abdul Jabbar, two young architects, decided to form a partnership. The decision was born of frustration. Both had spent years studying their profession, Al Mazrooei at the American University of Sharjah (AUS) and Abdul Jabbar at Dalhousie University in Nova Scotia and Columbia University in New York, but given their views on the way that architecture is understood and […]
MUMBAI/HONG KONG Wal-Mart Stores Inc is in talks to buy a minority stake in India’s largest e-commerce firm Flipkart, two people familiar with the matter said, as the world’s biggest retailer aims to break into a fast growing but highly competitive online retail market. One of the sources said the U.S. retailer was looking to invest between $750 million and $1 billion in Flipkart, but the final […]
UAE. Dubai’s residential and hospitality markets have rebalanced towards a “new normal” in the first six months of 2016, according to Deloitte’s new report “Deloitte Real Estate Predictions 2016 – H1 Review.” The report predicts that residential sale prices will decline further in Dubai for the balance of 2016, but that this rate of decline will slow, as value and affordability returns to the market. “Our real […]
Sending a password or secret code over airborne radio waves like WiFi or Bluetooth means anyone can eavesdrop, making those transmissions vulnerable to hackers who can attempt to break the encrypted code. Now, University of Washington computer scientists and electrical engineers have devised a way to send secure passwords through the human body — using benign, low-frequency transmissions generated by fingerprint sensors and touchpads on consumer devices. […]
By ERIC SCHMITT, MICHAEL R. GORDON and SOMINI SENGUPTA September 20, 2016 Russia was probably responsible for the deadly bombing of a United Nations humanitarian aid convoy in Syria, American officials said Tuesday, further shredding what remained of a severely weakened agreement between the United States and Russia aimed at halting the war. Aghast at the attack on Monday night, United Nations officials on Tuesday suspended all aid convoys in Syria, describing the […]
Research led by Johns Hopkins University astrophysicists using information from a NASA space telescope breaks new ground in ways to observe a star swallowed by a black hole, promising to help paint a clearer picture of this cosmic phenomenon. The results, published online in the Astrophysical Journal, are based on two methods that are new in the study of this sort of star destruction: the first infrared […]
The Interpreter By MAX FISHER You could be forgiven, after five years of Syria’s war dominating front pages, for feeling lost. It is easy to track the war’s toll: It has killed 400,000 people, displaced millions, opened space for the Islamic State, and sucked in foreign powers, including the United States. It is harder to keep track of the how and why. The basics can seem even […]
By Mark Hosenball and Joseph Menn | WASHINGTON/SAN FRANCISCO WASHINGTON/SAN FRANCISCO The Federal Bureau of Investigation is intensifying efforts to find enough evidence to enable the Justice Department to indict some of the Russians that U.S. intelligence agencies have concluded are hacking into American political parties and figures, U.S. law enforcement and intelligence officials said on Thursday. Building legal cases is difficult, largely because the best evidence […]
ABU DHABI // The Ministry of Interior has increased traffic patrols to ensure drivers are complying with the law and traffic is flowing smoothly during the Eid Al Adha holidays. Brigadier Ghaith Hassan Al Zaabi, director general of the Traffic Coordination Department at the ministry, urged motorists to abide by traffic police’s instructions and to drive carefully, especially near malls and markets. He also urged motorists to […]
/by Arabian Post Staff/The impact of the softening global economy continues to hamper the UAE’s office market as redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the emirates, according to leading international real estate consultancy Cluttons. Cluttons’ 2016 UAE Property Market Report, highlights the consultancy’s expectation for office market performance throughout the year and expects declines of close […]
DUBAI Iran has detected and removed malicious software from two of its petrochemical complexes, a senior military official said on Saturday, after announcing last week it was investigating whether recent petrochemical fires were caused by cyber attacks. The official said the malware at the two plants was inactive and had not played a role in the fires. “In periodical inspection of petrochemical units, a […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber’s rivals in other markets had a slim chance […]
By Ben Gruber | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. NASA scientists are putting the finishing touches on a spacecraft designed to rendezvous with Asteroid Bennu in 2018 to find clues about the origins of life. “We are days away from encapsulating into our rocket faring and lifting this spacecraft on to the Atlas V vehicle and beginning the journey to Bennu and back,” Dante Lauretta, the […]
Associate Professor Dr Joan Vaccaro, of Griffith’s Centre for Quantum Dynamics, has solved an anomaly of conventional physics and shown that a mysterious effect called ‘T violation’ could be the origin of time evolution and conservation laws. “I begin by breaking the rules of physics, which is rather bold I have to admit, but I wanted to understand time better and conventional physics can’t do that,” Dr […]
MOSCOW — Russia launched a fleet of bombers bound for Syria on Tuesday from an Iranian air base, becoming the first foreign military to operate from Iran’s soil since at least World War II. Russian use of the base, with Iran’s obvious support, appeared to set back or at least further complicate Russia’s troubled relations with the United States, which has been working with Russia over how […]
Scientists sponsored by the Office of Naval Research (ONR) have genetically modified a common soil bacteria to create electrical wires that not only conduct electricity, but are thousands of times thinner than a human hair. As electronic devices increasingly touch all facets of people’s lives, there is growing appetite for technology that is smaller, faster and more mobile and powerful than ever before. Thanks to advances in […]
As more and more enterprises give up license-based software in favor of faster, more convenient cloud services, the software industry itself is changing dramatically, according to a recent report from the advisory firm PwC (formerly known as PricewaterhouseCoopers). Although legacy software companies that have moved into the cloud are reaping the benefits of the growing “as-a-service” ecosystem, they are also facing some risks. The “PwC Global 100 […]
Engineers at the A. James Clark School of Engineering at the University of Maryland (UMD) demonstrate in a new study that windows made of transparent wood could provide more even and consistent natural lighting and better energy efficiency than glass. In a paper just published in the peer-reviewed journal Advanced Energy Materials, the team, headed by Liangbing Hu of UMD’s Department of Materials Science and Engineering and […]
The long hindwing tails sported by many moths have long been suspected as a strategy to confound predators. The moths are active mainly at night, so they don’t need a visual disguise — they need to avoid nocturnal hunters that navigate by sound. Researchers at the University of Washington and Johns Hopkins University took a detailed look at the acoustics of the common luna moth, to see […]
