Yahoo Makes Over Mobile App, Home Page in the U.S. Google long ago overshadowed Yahoo, but the company is still working to acquire and retain new users to its network of sites. To that end, Yahoo has just updated its mobile app and home page in the United States. Simply stated, Yahoo is giving prominence to news, content and video on its home page. Viewers will see […]
|By Arabian Post Staff| UAE real estate developers will have to look for alternative funding mechanisms such as joint ventures, refinancing, public private partnerships (PPPs) and co-investment vehicles as conventional project financing such as bank lending or IPOs will become more difficult in view of the tightening liquidity conditions, real estate investment and advisory firm JLL said in a report. A by-product of the slowing market conditions […]
The world’s biggest oil producer is spending as much now as it did before the crash in crude prices, signaling no surrender in Saudi Arabia’s battle with rivals. Saudi Arabian Oil Co. is maintaining investment in oil and natural gas projects and has formulated a new strategy in response to cheaper crude as it studies options to sell shares in its parent company and downstream refining and chemical […]
UAE. UAE. Hays GCC 2016 Salary & Employment Report, published today by recruiting experts Hays, found that 49 per cent of employers feel positive about 2016 compared to a higher 69 per cent who felt the same in 2015. The survey, which was completed by over 2,400 employees and 200 employers, forecasts mixed fortunes for job candidates and salaries over the next 12 months. In 2015, 48 […]
Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency. The IEA trimmed 2016 estimates for global oil demand as China’s economic expansion weakens and raised forecasts for supplies outside the Organization of Petroleum Exporting Countries. While non-OPEC supply is set to drop 600,000 barrels a day […]
|By Matein Khalid| This was the ghastliest week for global risk assets since September 2011. Not even 290,000 new US jobs in December could negate the raw fear on Wall Street generated by the 10% fall in Shanghai, a yuan depreciation, market meltdowns of 6 – 7% in Tokyo, Hong Kong, Frankfurt, Mumbai and New York. Four months ago, I had published a KT article titled “History’s […]
Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. The day’s near 4 percent drop marks a seventh day of losses for oil. Traders have all but given up attempting to predict where the new-year rout will end, with momentum-driven […]
|By Arabian Staff| Additional information forthcoming from state-owned Saudi oil giant Aramco suggests that the proposed IPO may be restricted to refining and other similar activities rather than the parent company as a whole. Aramco clarified in a statement the other day that while the company was studying options including a full initial public offering, one of the options under consideration is “listing of a bundle” of […]
|By Arabian Post Staff| Etihad Airways will replace the leased Jet Airways Boeing 777-300ER aircraft for its daily flight to and from San Francisco with its own Boeing 777-200LRs from April 25, 2016. The daily EY101 flight from Abu Dhabi to New York’s JFK airport and the return EY100 service will also see leased Jet Airways Boeing 777-300ER aircraft replaced by Etihad Airways Boeing 777-300ERs from June […]
At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in oil prices. That the rally this time couldn’t be sustained shows just how abnormal things are in the oil market. Brent crude has fallen 0.5 percent this week as a global supply glut and the slowest Chinese growth in a generation trumped mounting strife between the […]
|By Hanan Alsuraihi| “Hezbollah and the Iranian regional strategy” is considered one of the hottest themes debated today in the Arabic and Islamic world. It focuses on the role of Hezbollah in the Iranian scheme of things. The Iranian strategy is cloaked in secrecy and disguised in an Islamic dress. It is a project that draws on the intelligence, political skill, publicity and media so as not […]
|By Arabian Post Staff|The 2016 Saudi budget marks a transformation, signaling the end of material overspending, introduces a medium-term fiscal strategy and sweeping subsidy changes, Bank of America-Merrill Lynch said in a special report. However, the budget does not signal any near-term changes to energy or Fx policy, in its view. The report says the 2016 budget announcement is a significant one for the Saudi Arabian economy. […]
|By Matein Khalid| In retrospect, the last six years were a unique period in global central banking, an epic monetary experiment that averted a Great Depression after Lehman’s failure and interbank/credit contagion plunged the world into recession in 2008-9. Yet the Fed (and later Bank of Japan, ECB and even PBOC) quantitative easing also led to asset bubbles, credit market excesses, currency wars and the mispricing of […]
The use of broadband Internet in U.S. homes is starting to drop, according to a report released Monday by the Pew Research Center. In fact, just 67 percent of U.S. homes have broadband connectivity, down from 70 percent in 2013 — the first significant decline in the number of homes with broadband connections, according to Pew’s new Home Broadband report. The reasons? Mobile technology, to name one. […]
Foreign Hackers Accessed U.S. Power Grid ‘Dozens of Times’ Recently, a private security researcher hot on the trail of hackers who stole information from a California university’s housing files discovered something far more nefarious: the attackers had found a way into networks running America’s power grid. That security researcher was Brian Wallace. Those attackers appear to be based in Iran. According to his research, these bad actors […]
By Nora Chopra
The Congress party is divided on the Congress strategy on the National Herald issue. While Rahul is adamant to go to jail, there are senior leaders who feel that it is not the correct strategy to be adopted at this time. According to a Congress general secretary, this is not the same time and neither is Rahul Gandhi an Indira Gandhi, while she had no charges of corruption against her. There are umpteen charges against the erstwhile UPA government. The Morarji government had been harassing Indira Gandhi. Thus when she went to jail there was a wave of sympathy in her favour. Congress senior leaders claim that Indira Gandhi was a mass leader which Rahul is not. Besides the Congress leaders are extremely concerned about the health of the 90 plus Motilal Vora and also ailing Sonia Gandhi
MAHARASHTRA PCC CHIEF GETTING CLOSE WITH STATE CHIEF MINISTER
Resentment is brewing within the Maharashtra Congress agains
SNDP BOSS’S LOSS IS CHIEF MINISTER CHANDY’S GAIN
By P. Sreekumaran
THIRUVANANTHAPURAM: There is no mistaking it. Narendra Modi’s maiden visit to Kerala as the Prime Minister was a damp squib though the State BJP unit would have us believe that it was a roaring success.
Despite the strenuous efforts of the BJP to put a positive spin on the controversy-marred Modi visit, the stark reality is that it has defeated the very purpose for which Modi undertook the much-hyped visit.
The main purpose of the Modi mission was to unveil at Kollam the statue of former Congress Chief Minister R Shankar with the avowed objective of appropriating the legacy of Shankar like the way the BJP tried to hijack Sardar Vallabbhai Patel. However the effort came a cropper in a most resounding manner. The most visible sign of the failure of the visit was the snu
Every office around the world has its share of good and bad. More than anything, when we sit down to discuss work with friends (from the workplace or outside) we tend to discuss people. It did sound like gossip when I re-read the previous line, but hey… it is what it is. There is nothing to be surprised about as it is only natural. At work, we […]
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds a 65 percent stake in the complex. Taking a controlling interest last year in South Korea’s third-largest refinery highlights the shifting dynamics of the oil business. With crude prices down by more than half in the past two […]
Alleged VTech Hacker Arrested in the U.K. Police in the United Kingdom believe they have caught the culprit behind a massive cyberattack against leading electronic toy maker VTech that compromised the information of nearly 5 million adults and over 6 million children. The South East Regional Organized Crime Unit, or SEROCU, in Bracknell, a town about 30 miles west of London, arrested a 21-year-old man yesterday for […]
|By Arabian Post Staff| Dubai headquartered global conglomerate Transworld Group and Yokohama-based Suzue Corporation of Japan announced the formation of a joint venture for exploring business opportunities in logistics in the Indian Sub-continent, Middle East and Japan. A Memorandum of Understanding in this respect was signed by Ramesh S. Ramakrishnan, Chairman and Ritesh S. Ramakrishnan, Director – Strategy and Business Planning of Transworld Group, and Takahiro Suzue […]
|By K Raveendran| With the new Public-Private Partnership law having come into being last month, Dubai is set to witness a new phase in its development, as private investments begin to flow into further development of the emirate’s infrastructure. This would mean the private sector directly getting involved in projects like airport expansion, extension of the Dubai Metro and similar infrastructure projects and sharing the risks in […]
Oil declined to the lowest level since 2008 in London amid estimates that OPEC’s decision to scrap production limits will keep the market oversupplied. Brent futures capped the biggest weekly decline in more than a year. The global surplus will persist at least until late 2016 as demand growth slows and the Organization of Petroleum Exporting Countries shows “renewed determination” to maximize production, the International Energy Agency said Friday. […]
POLITICS HOLDS PARLIAMENT TO RANSOM
By Kalyani Shankar
After a cordial meeting between the Congress President Sonia Gandhi and Prime Minister Narendra Modi last week, it was expected that the Winter Session of Parliament might run smoothly and the reform bills might go through. Modi began with a conciliatory note not only in his speeches in Parliament but also made a rare gesture of inviting the Congress President Sonia Gandhi and former Prime Minister Manmohan Singh for tea to break the ice. The Congress too climbed down and showed signs of supporting the Goods and Services Tax (GST) Bill, which the Modi government desperately wants to push through this session. A week later, the Congress leaders are now talking of a “touch and go” scenario even though the government has responded positively to the Congress demands.
So what has happened to change this scena
