|By Arabian Post Staff| There is a greater national focus on achieving operational efficiency across sectors in the Middle East – and one notable area that stands to benefit immensely from embracing digitally-enabled solutions is utilities, Booz Allen Hamilton says in its energy trend forecasts for 2017. Change continues to be the defining feature of the global energy sector in 2017. In the oil and gas industry, […]
This year has been tough-going in more ways than one and, by most accounts, Singapore’s economy is expected to be heading for rougher seas in 2017. According to a survey by the Singapore Business Federation, 63 percent of local companies said the economic climate worsened in 2016 and 48 percent believed the downward spiral would continue in the new year. The Monetary Authority of Singapore also warned […]
TOKYO Shares in Toshiba (6502.T) fell more than 19 percent in morning trade on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar writedown. Late on Wednesday, Moody’s became the second rating agency to downgrade the group, pushing it deeper into “junk”, or non-investment grade territory, with a Caa1 rating, from B3. “Although […]
Sprint has revealed that it is going to hire about 5,000 personnel, and U.S. President-elect Donald Trump quickly claimed credit for purportedly negotiating the deal. Trump has lumped those figures with the 3,000 new hires planned by a startup called OneWeb, for a grand total of 8,000 new jobs, which Trump has promptly announced as very good news for the economy. Sprint is owned by Japanese firm […]
ABU DHABI // Five hundred taxis at Dubai airport will soon be equipped with free WiFi. Telecoms firm du has signed an agreement with Dubai Taxi Corporation of the Roads and Transport Authority to provide passengers with free internet and smart screens in the airport cab fleet. “Our cooperation with du to provide internet and smart screens across our Dubai Airport fleet embodies the Smart Dubai strategy […]
Chinese technology giant Tencent, along with Beijing-based mapping company NavInfo and Singapore state-owned investment firm GIC, announced this week the trio intended to jointly take up a 10 percent share of mapping company Here, with current owners Audi, BMW, and Daimler reducing their indirect holding by the same amount. As well as the share purchase, the companies announced the creation of a 50/50 joint venture between Here […]
Aliens may be communicating to us in the form of fast radio burst (FRB) signals, scientists believe. Two separate groups of astronomers have recently discovered radio bursts coming from the Auriga constellation, which is about 3 billion light years away from the Milky Way galaxy. According to a report filed in The Astrophysical Journal, the Green Bank Telescope in West Virginia discovered five radio bursts coming from the Auriga […]
Planemaker Airbus said on Tuesday it was postponing the delivery of 12 A380 planes to Emirates Airline over the next two years, and added it would step up cost cuts to minimise the impact of these delays. Airbus, whose main rival is US group Boeing, said six deliveries of the A380 would be postponed from 2017 to 2018, with another six postponed from 2018 to 2019, following an agreement […]
This July 29, 2015, file photo shows Amazon’s Echo speaker, which responds to voice commands, in New York. A prosecutor investigating the death of a man whose body was found in a hot tub wants to expand the probe to include a potential new kind of evidence: the suspect’s Amazon Echo smart speaker. Amazon has called the request “overbroad or otherwise inappropriate.” (AP Photo/Mark Lennihan, File) Authorities […]
Some of the biggest law firms on Wall Street are scrambling to shore up their defences against cyber attacks, in the wake of a raid by Chinese hackers which led to millions of dollars of profits from insider trading. Preet Bharara, US attorney for the southern district of New York, this week charged three individuals who he said infiltrated law firms over a period of about 18 […]
Starting January 1 next year, Singapore will begin including iris scans as part of the country’s registration process for citizens and permanent residents. This was part of efforts to improve the “effectiveness and efficiency” of operations undertaken by the Immigration and Checkpoints Authority (ICA), the Ministry of Home Affairs said in a statement Wednesday. The ministry said amendments to the country’s National Registration Act (NRA), enacted in […]
Gasoline and Aromatics Project will add 4.2 mtpa of gasoline supply and 1.6 mtpa of aromatics Abu Dhabi, UAE – December 28, 2016 The Abu Dhabi Oil Refining Company (TAKREER), an ADNOC Group company announced, today, the awarding of two major contracts for its Gasoline and Aromatics Project (GAP), that will significantly increase its gasoline production capacity. As part of ADNOC’s growth strategy, TAKREER plans to expand […]
By Richard Cowan | PALM BEACH, Fla. PALM BEACH, Fla. U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp (S.N) and a U.S. satellite company OneWeb will be bringing 8,000 jobs to the United States, celebrating the moves as a result of optimism associated with his election. It was unclear how the 8,000 jobs are related to a $50 billion investment announced in December by […]
Based on Samsung’s staggered announcements, it appears that the South Korean company is going to inundate CES with a host of new products. After revealing fresh projects baked in its Creative Lab, it has now confirmed three more gadgets: the H7 Wireless Speaker, a new soundbar, and a UHD Blu-ray Player. The trio is being touted as the future of audio on the strength of the so-called […]
Arguably the biggest newspaper business story of 2016 was Gannett’s failed (for now) bid to take over Tronc. What the broken deal says about the industry, however, is more than a little ambiguous. For starters, consider that 2016 was a particularly hard year financially, with advertising revenue losses that started bad and got even worse in the fall. Both Gannett and Tronc are profitable on a cash […]
By Yashaswini Swamynathan Wall Street lost ground for the first time in three days on Wednesday due to declines across sectors, slowing the Dow’s race to 20,000. The blue-chip index came within 19 points of the milestone shortly after the open, before slipping into negative territory as losses in Boeing (BA.N) offset Goldman Sach’s (GS.N) 0.86 percent gain. Boeing fell 0.8 percent to $156.26 after Delta Air […]
Sony could launch an edge-less smartphone in 2017, presumably called the Xperia XZ (2017), according to a new leak. The smartphone market has become increasingly fierce and heated competition is forcing OEMs to come up with new ways to stand out from the crowd and set their smartphones apart from rivals. Apple and Samsung still dominate the smartphone market, but Sony wants a bigger slice of the […]
Within the tech world, there is something known as a Chaos Monkey. It is a software tool that simulates chaos and uncertainty, rampaging through a system pulling at cables and kicking computers. Simulate big problems so you can prepare for them; that’s how the thinking goes. Chaos Monkeys are tame – they are a tool employed by network administrators to make their systems safer and more stable. […]
When Jack Ma criticised Hong Kong last month for having outdated stock market listing practices, the Alibaba founder hit the city where it hurts. Hong Kong’s rivalry with New York has only heightened since the billionaire chose the US for his ecommerce group’s initial public offering two years ago. And next year, the battle between the world’s two largest listing centres will only become more heated, as three […]
Noise originating from the coherent nature of laser light is the scourge of digital holography, always causing holographic images to be of lower quality than conventional photographs. Now scientists have practically eliminated this noise by using a two-stage algorithm. The output obtained exhibited both qualitative and quantitative improvement over recently developed de-noising techniques. In particular, the algorithm reduced noise in background regions by 98 percent and in […]
Time to pick the trends that will make the industry interesting—or not—next year. This is the time of year when the tech pundits discuss what happened last year and what will happen next year. Usually they miss the points from last year and mess up those for next. But let’s see if I can do any better. The Internet […]
AVATAR can detect changes in physiology and behavior during interviews with travelers. AVATAR can detect changes in physiology and behavior during interviews with travelers. Credit: Aaron Elkins When you engage in international travel, you may one day find yourself face-to-face with border security that is polite, bilingual and responsive—and robotic. The Automated Virtual Agent for Truth Assessments in Real Time (AVATAR) is currently being tested in conjunction […]
Post-Millennials in the Kingdom of Saudi Arabia call for more investment in clean energy – mirroring actions being undertaken as part of Government’s Vision 2030 Abu Dhabi, United Arab Emirates, December 28, 2016 Ambitious plans set out by the Kingdom of Saudi Arabia for the deployment of renewable energy are strongly aligned with the hopes and ambitions of the country’s young people, according to global research […]
By Se Young Lee and Stephen Nellis | SEJONG, South Korea/SAN FRANCISCO SEJONG, South Korea/SAN FRANCISCO South Korea’s antitrust regulator fined Qualcomm Inc (QCOM.O) 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. chipmaker said it will challenge in court. The fine, the largest ever levied in South Korea, marks the latest antitrust […]
