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Alibaba wants to transform the retail sector with a US$2.6 billion buyout that it says will break down the barriers between offline and online. The Chinese e-commerce giant said its investment unit was working with Intime Retail’s founder, Shen Guo Jun, to take the department store chain private with a projected HK$19.8 billion (US$2.6 billion). The funds would be raised through internal cash and external debt financing. […]

Dubai-based Majid Al Futtaim said on Tuesday it will build a new $81.74 million (AED300 million) shopping mall in Masdar City, Abu Dhabi. Set to open by end-2018, ‘My City Centre Masdar’ will include 60 outlets across 18,000 square metres of gross leasable area (GLA), including a Magic Planet family entertainment centre, a 5,760 square metre Carrefour hypermarket and a clinic. The company said it will target […]

A groundbreaking new optical device to correct images of the Sun distorted by multiple layers of atmospheric turbulence, is providing scientists with the most precisely detailed, real-time pictures to date of solar activity occurring across vast stretches of the star’s surface. (via WSJ)

Singaporean telecommunications carrier Singtel has launched 450Mbps speeds across its entire 4G network for customers with compatible smartphones, and has also announced attaining speeds of up to 1Gbps in a trial of its 4G network with Ericsson. The network upgrade was achieved by making use of 256 Quadrature Amplitude Modulation (QAM) technology, which increases efficient use of spectrum by increasing the number of unique radio waveform shapes […]

Norway will today become the first country in the world to begin switching off FM radio and moving fully to digital in a move that has stoked controversy nationally and widespread interest abroad. The switch-off will start in the town of Bodo, northern Norway, at 11.11am and will be rolled out across the country throughout this year. Countries such as the UK, Switzerland and Denmark will be monitoring […]

Saudi Arabia plans to follow its record breaking debut on global debt markets with an Islamic bond issue in a sale that could come as early as February. The sharia-compliant sukuk will form part of a pipeline of bond sales to finance the kingdom’s budget deficit and invest in economic diversification away from oil and is likely to appeal to regional investors in the Gulf. Last year, […]

Feral cats cover over 99.8 percent of Australia’s land area, including almost 80 percent of the area of our islands. These are just some of the findings of new research which looks at the number of feral cats in Australia. The research was undertaken by over 40 of Australia’s top environmental scientists and brings together evidence from nearly 100 separate studies across the country. Source

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BAGHDAD: Iraqi Prime Minister Haider Al-Abadi said on Tuesday relations with northern neighbor Turkey could “not move forward one step” without a withdrawal of Turkish forces from a camp in northern Iraq, state television reported.Turkish forces have been stationed at Bashiqa camp near Mosul since before the start of an offensive against Daesh. Meanwhile, Iraqi forces pushed Daesh back further in Mosul on Tuesday in a renewed […]

Eneco and NS said on a joint website that some 600,000 passengers daily are “the first in the world” to travel thanks to wind energy All Dutch trains are now 100 percent powered by electricity generated by wind energy, the national railway company NS said Tuesday, calling it a world first. “Since the first of January, 100 percent of our trains are running on wind energy,” NS […]

Jan. 10, 2017 DUBAI, United Arab Emirates– (BUSINESS WIRE/ME NewsWire)  GMO GlobalSign K.K., a leading provider of trusted identity and security solutions and one of the longest established Certificate Authorities in the world, today announced the inauguration of its new office in Dubai. The local entity, GMO GlobalSign FZ-LLC, based in Dubai Internet City, is strategically located to cater to further strengthen GlobalSign’s presence in Asia, particularly […]

SEATTLE Boeing Co (BA.N) warned on Tuesday that it will conduct involuntary layoffs of engineers, part of a cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales. The reductions, disclosed in an internal memo seen by Reuters, also include dozens of job categories eligible for voluntary layoffs in Washington state, southern California and South Carolina. Boeing did not indicate the […]

The Middle East has given McLaren Automotive, the British manufacturer of luxury sports and supercars, good reason to get revved up with sales soaring last year. Its Middle East, Africa and central and South America region grew by an impressive 69 per cent last year, as the company posted another record year of sales growth. From offices in Dubai, McLaren has expanded into Abu Dhabi. “We continue […]

Uber’s policy chief David Plouffe is leaving the company to join the Chan Zuckerberg Initiative, the philanthropic group led by Facebook founder Mark Zuckerberg and his wife, at a time when Uber’s policy battles around the world continue to heat up. Mr Plouffe, who served as President Barack Obama’s campaign manager in 2008, joined Uber in 2014 and saw the company through some of its fiercest political […]

Tuesday, January 10th  2017  DUBAI, UAE: Major infrastructure projects in the Middle East and across Sub-Saharan Africa are increasingly becoming a key investment target for Islamic investors, according to Project & Infrastructure Partner at Jones Day, Nadim Khan. Billions of US dollars’ worth of project capital from the growing Islamic economy is a potential source of investment for the type of mega infrastructure that underpins economic and […]

Sony is sprucing up its console offerings, adding a new color option for its PlayStation 4 Slim: Glacier White. Finding a PS4 console in another color option besides the traditional black avatar is not easy to come by, as other options are as rare as the legendary Pokémon. Nevertheless, PS4 fans are now in luck as the company just announced a Glacier White PS4 Slim is set […]

Your daily guide to community and cultural activities across the Emirates for January 11, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Ajman Wedding fair Attend the opening of The Ajman Palace Hotel Wedding Fair, which features more than 50 vendors, designers and wedding planners from around the country catering to luxury weddings. Following the ribbon-cutting […]

Since the start of the 21st century the South American nation of Suriname, population 540,000, has been riding a commodity boom that yielded major benefits for a country rich in bauxite, gold, oil and bananas. From 2000 to 2014, annual per capita income more than quintupled to almost $10,000. Child mortality fell by a third. A child born there today can expect to live to 70, up […]

The UAE will spend AED600 billion ($163.3 billion) over the next three decades in developing the country’s energy market, with a plan for clean energy to power 50 percent of the sector by 2050. The first unified energy strategy for the UAE has been announced which aims to balance economic needs and environmental goals. In a series of tweets on the official Dubai Media Office feed, it […]

On Tuesday morning, as they have for so many mornings now, Glenn Smith, Jennifer Berry Hawes and Abigail Darlington walked into Charleston’s District Court at 85 Broad Street with the tools they would need to tell the story. Hawes brought her 8.5-by-11-inch yellow notebook and whatever pen she had grabbed from the newsroom. Smith came ready to liveblog with his laptop and phone. Darlington planned to catch […]

|By Arabian Post Staff|  Etihad Airways is in talks with banks to raise about $2.6 billion in loans to finance aircraft deliveries, Bloomberg reports quoting sources. The agency said the airline is seeking to raise $2 billion in 12-year loans for 10 Boeing Co. Dreamliner aircraft and about $600 million in financing for two Airbus Group SE A380 superjumbos. Bloomberg said low-cost carrier FlyDubai is also in early […]

To address criticism from regulators and public policy groups, Microsoft is making some changes in its privacy practices. Of all the body blows Microsoft has absorbed in the past 18 months over Windows 10, the criticisms of its privacy policies have to sting the most. Last summer, the French National Data Protection Commission (CNIL) issued a formal notice against Microsoft, ordering that the company “stop collecting excessive […]

Dubai, United Arab Emirates –  10 January 2017, ELABELZ.com, GCC’s newest trendy fashion mall is welcoming the New Year by unveiling an expansion of its operations and facilities by 200% in the wake of demand growth and wider ecommerce market penetration in the MENA region as a whole and the GCC in particular. ELABELZ state-of-the-art operations base and warehousing facilities is being tripled to accommodate the increase […]

Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]

Submitted by Soeren Kern via The Gatestone Institute, Sharia courts administering Islamic justice in Britain are run by clerics who believe some offenders should have their hands chopped off, according to Muslim scholar Elham Manea. She described the prevailing attitude as “totalitarian” and as more backward than some parts of Pakistan. Teaching children fundamental British values is an act of “cultural supremacism,” according to the National Union […]

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