There are few things like a bull market to turn an investor’s head. Just look at China. Having slumped almost 50 per cent from its peak last June to a low in early January, the benchmark CSI 300 Index is now up 20 per cent. The memory-erasing qualities of this year’s rally in Shanghai will soon be given a real test as a trading link between Hong […]
ABU DHABI // Parents can play a role in promoting science education by accompanying their children to the Abu Dhabi Science Festival. As he led officials on a tour of the festival grounds on Monday, Abu Dhabi Education Council director general Dr Ali Al Nuaimi encouraged visitors to make the science festival a family affair. “I urge parents to come and participate with their kids,” said Dr […]
Samsung has announced it has entered into a definitive agreement to acquire Harman, the designer and maker of connection products for automakers, in a bid to expand and accelerate its growth in connected technologies. On Monday, Nov. 14 the Korean company confirmed that it will buy Harman for $112 per share, which brings the cost of acquisition to about $8 billion. Harman has a strong presence in […]
Dubai – 14 November 2016 GFH Capital, a subsidiary of Bahrain based GFH Financial Group, today announced an investment in AMA Group for its growing operations in the Kingdom of Bahrain and beyond. The investment will be in the form of a Shari’a compliant convertible Murabaha facility. The AMA Group manages the largest network of educational institutions across Asia. The AMA Group also has various other business […]
|By Arabian Post Staff|Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, Bloomberg reported quoting people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as it seeks to diversify its assets, […]
|By Arabian Post Staff|Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, Bloomberg reported quoting people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as it seeks to diversify its assets, […]
BRUSSELS: The European Union extended its sanctions on Syria on Monday, banning the country’s central bank chief and its finance minister from traveling in Europe and freezing their assets in a further step to isolate President Bashar Assad.The decision to target Central Bank Gov. Duraid Durgham and Finance Minister Maamoun Hamdan, along with 16 other government ministers, made good on the EU’s threat last month to increase […]
New London office construction activity has fallen 42 per cent from a year ago as Brexit and other uncertainties cast a shadow over the property market. Work began on 40 new office developments totalling 2.8m square feet over the past six months, down from a record 4.8m square feet recorded a year earlier, according to Deloitte Real Estate’s Crane Survey. Total development activity rose slightly from a […]
By Julia Love and Kristina Cooke | SAN FRANCISCO SAN FRANCISCO Alphabet Inc’s Google said on Monday it is working on a policy change to prevent websites that misrepresent content from using its AdSense advertising network, a move aimed at halting the spread of “fake news” and other types of misinformation on the internet. The shift comes as Google, Facebook Inc and Twitter Inc face a backlash […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
Microsoft officially revealed its Black Friday 2016 deals, cutting deep into the price of various Surface devices, Xbox consoles and Windows 10 PCs. With Black Friday just around the corner, deals are starting to pile up and exciting offers can be found at nearly all reputable retailers and online shops, including the Microsoft Store. For this year’s Black Friday, Microsoft has prepared an assortment of discounted devices […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
With US president-elect Donald Trump’s governing priorities slowly starting to take shape, the US steel industry emerged on Monday as one sector where investors are placing their bullish bets. Three companies — US Steel, AK Steel and iron-ore producer Cliffs Natural Resources — saw their stock ratings upgraded by Morgan Stanley analysts in the wake of last week’s election, pushing their share prices up. Mr Trump’s election […]
A guide of things to do today in the UAE. newslide Abu Dhabi Tennis Get tickets now for the Mubadala World Tennis Championship and see top players, including Jo-Wilfried Tsonga, Tomáš Berdych, Rafael Nadal, Andy Murray, Milos Raonic and David Goffin, who will be in the capital for the championship. • December 29 to 31, from 4pm on December 29 and 30; from 1am on December 31, […]
MOSCOW — A Russian fighter jet crashed off the Syrian coast on Monday while trying to land on an aging aircraft carrier in the Mediterranean, Russian military officials said. The Russian Defense Ministry blamed a technical failure for the crash of the jet, a MIG-29, according to a ministry statement carried by the Interfax news agency. The pilot, who was the only one in the jet, ejected […]
14 November 2016 The Middle East and Africa (MEA) will experience the fastest rate of digitization in the world according to analysts IHS Markit. Shipments of LTE technologies* increased by more than 300 per cent in 2015, and the MEA region is projected to be one of the world’s fastest growth markets for TETRA critical communications technology Led by TETRA, the MEA PMR market was the fastest […]
By Hugh Bronstein | BUENOS AIRES BUENOS AIRES Donald Trump’s election as U.S. president raises concern that Washington may increase the intrusiveness of domestic intelligence gathering, former U.S. spy agency contractor Edward Snowden said on Monday, warning that democratic checks and balances were losing ground to authoritarianism. Snowden lives in Moscow under an asylum deal after he leaked classified information in 2013 that triggered an international furore […]
MARRAKECH // After completing the adventure of flying around the world powered only by the Sun, Bertrand Piccard embarked on another, connecting organisations, politicians and people with climate change solutions. The Solar Impulse team launched the World Alliance for Clean Technologies at the Conference of Parties 22 in Marrakech. International politicians gathered to set targets addressing climate change by following the Paris Agreement. The project is aimed […]
Ever wanted to have some aspect of your deceased loved ones with you wherever you go? Swiss company Algordanza can make that happen. Algordanza is a Swiss company that specializes in turning deceased loved ones into diamonds, a service that begins at $5,000 and can go as high as $20,000. ( Algordanza ) When we die, our lifeless body is buried in the ground, mummified or turned […]
MARRAKECH // When Majid was able to connect the final wire on his solar-powered light, it was hard to tell what lit up the room more – the light or the nine-year-old’s eyes. He was one of 30 children at Centre Fiers and Forts orphanage, located half an hour’s drive from Marrakech, who learnt on Monday how to assemble the lights donated by Beacon of Hope, a […]
Jeddah, Kingdom of Saudi Arabia, 14 November 2016 The Board of Executive Directors of the Islamic Development Bank (IsDB) has approved US $592.2 million in financing for new development projects in several member countries and some Muslim communities in non-member countries. The major approvals include: US $105 million, for the Fadhili Combined Heat and Power Project (FCHPP), Saudi Arabia Advertisement US $338.5 million, for the High-Speed Train […]
Supermoons occur when a full moon or new moon coincides with the Moon’s closest approach to the Earth on its orbit. Monday’s supermoon, technically know as a perigee-syzygy of the Earth-Moon-Sun system, was the biggest and the brightest since 1948, with the Moon appearing 14 per cent bigger and 30 per cent brighter, astronomers said. At a distance of 356,509 kilometres from Earth, the Moon was also […]
The UAE is to join with the World Economic Forum (WEF) to establish the first permanent policy unit to study and implement measures regarding the “Fourth Industrial Revolution” – the transformation of business and society brought about by technological advances. Mohammed Al Gergawi, UAE Minister for Cabinet Affairs and the Future, announced the initiative at the WEF summit of Global Future Councils in Dubai. He promised full […]
If you are envious of those who own the Android 7.1 Nougat-powered Google Pixel or Pixel XL smartphones because of the fingerprint gestures feature, there’s no need to turn green. You can now get the same on your Android Marshmallow smartphone too! How you ask? Thanks to a new app called Fingerprint Gestures that enables the nifty feature on handsets powered by Android 6.0 Marshmallow. So courtesy of […]
