During an interview in his office here, Mr. Omgy acknowledged that his company had provided financial services to Al Qaeda. “We had no other option but to comply with them,” he said. “They were the rulers of the city.” Continue reading the main story But he denied the Treasury Department’s charge that he was a Qaeda member, describing his ties to the group as a business relationship […]
Three global trends are reshaping GCC travel distribution business models and threaten to weaken the connection between airlines and customers Rise of digital technologies risks weakening connection between airlines and customers In the Middle East, there is growing internet penetration, with a rapid rise in the use of mobile – around 15% of internet users use only mobile for access By getting closer to […]
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 […]
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 […]
November 15, 2016 by: Peter Wells in Hong Kong Tuesday 03.35 GMT. The US dollar has retreated from recent highs, leaving counterparts across the Asia-Pacific region firmer. US Treasuries are eyeing their first rise in more than a week, while stocks across Asia have followed on from a muted lead on Wall Street. The US dollar index, a measure of the US currency against a basket of […]
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 […]
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 […]
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 […]
Giant blades of grass made from galvanised iron, a room full of rotting bananas and a spring-mounted fibreglass donkey bearing a model of a Sufi dervish are just a few of the more peculiar artworks that will go on show when the eighth edition of Abu Dhabi Art opens tomorrow. The art fair will feature booths from 35 galleries, which means the event is significantly smaller than […]
Brent crude oil dropped below $44 a barrel on Monday to hit its lowest level for three months, as a strengthening US dollar and doubts over Opec’s ability to agree supply curbs when it meets this month led to funds selling out of the market. Hedge funds and other large speculators have been paring their bets on higher oil prices for the past month, with the latest […]
While the pesh merga attacked ISIS from the north and the east, the Iraqi military was approaching from the south. The job of the battalion moving toward Bashiqa was to shore up the eastern front and extend a cordon around Mosul. The Iraqis’ next moves would depend in part on the Kurds’ success. For the moment, in other words, the progress of the central conflict in the […]
November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]
Abu Dhabi, November 14, 2016: Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters announced today the winners of the 4th edition of the Ethical Finance Innovation and Challenge Awards (EFICA). Tirad Al Mahmoud, Chief Executive Officer of Abu Dhabi Islamic Bank (ADIB) presented The EFICA Lifetime Achievement Award to the former governor of Malaysia’s Central Bank, Dr Zeti Akhtar Aziz for her pivotal role in developing the […]
Following successful launch and implementation of Invest Easy portal developed by multinational full-service strategic change and technology company Nortal, Oman made an unprecedented leap in the Ease of Doing Business Ranking of World Bank’s annual Doing Business 2017 report, jumping 127 places in category ‘Starting a Business’ compared to previous year. 14 November 2016 According to Peeter Smitt, Middle East region Managing Director at Nortal, the record […]
It may sound like science fiction, but wastewater treatment plants across the United States may one day turn ordinary sewage into biocrude oil, thanks to new research. The technology, hydrothermal liquefaction, mimics the geological conditions Earth uses to create crude oil, using high pressure and temperature to achieve in minutes something that takes Mother Nature millions of years. Source
ABU DHABI // A spate of accidents across Dubai on Monday morning caused delays to commuters, prompting police to warn drivers to take extra care. Dubai Police took to Twitter at 8.25am to report an accident on Sheikh Rashid Road, before the tunnel of the Dubai World Trade Centre, heading towards Jebel Ali. Motorists heading towards Abu Dhabi experienced heavy congestion on the E11 Sheikh Rashid Road […]
Photo Members from the Free Syrian Army take part in a battle in northern Syria last month against Islamic State fighters. Credit Nazeer Al-Khatib/Agence France-Presse — Getty Images BEIRUT, Lebanon — The hours are ticking down to what the Syrian government and its main ally, Russia, say could be the most devastating aerial assault yet on besieged rebel-held districts in the Syrian city of Aleppo. The Obama […]
Zebra and quagga mussels, the best known Great Lakes invaders, reduce the ability of native mussel species to move, feed and breed. Authorities have already come up with several means to deal with these invasive mussel species that have been spreading in bodies of water across the U.S. Officials have provided decontamination services to boat owners and resorted to using special chemicals such as liquid potash to eliminate infestation […]
Dubai, UAE – November 14, 2016 Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, today announced the successful closing of US.$145 million fund raising for “Apttus”, a Silicon valley based company delivering Enterprise Class, Software-as-a-Service (Saas) Solutions to complete the Quote-to-Cash customer process and the Procure-to-Pay supplier process. This is the fourth company out of Silicon Valley for which GII has raised funds […]
DUBAI // A sustainable house that produces its energy from the Sun, water and the atmosphere has been opened by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The house, developed by the Mohammed Bin Rashid Space Centre, is the first of its kind in the UAE, and there are plans to use it as a model for new houses across the country. The house […]
|By Arabian Post Staff|Leading UAE bank FGB has launched the UAE’s first Wealth Sentiment Index, which measures the prevailing mood of affluent investors in the UAE market, from a personal and business point of view. The index will serve as an indicator of the overall sentiment of the market, based on existing fundamental and economic factors. The new index was launched during FGB’s fourth annual Investment Conference, […]
|By Arabian Post Staff|The online shopping experience in the Middle East will forever be changed with the launch of Noon in January. The region’s largest-ever ecommerce company, Noon will be a driver of innovation which will offer a vast product selection and fast delivery across all categories. With an initial investment of US$1 billion, Noon will launch in the UAE and KSA markets and will soon cover […]
|By Arabian Post Staff|The GCC has the potential to become the world’s fastest growing e-commerce playground, according to A. T. Kearney’s ‘Getting in on the GCC E-commerce Game’ report. Despite strong economic fundamentals, the GCC is one of the most underpenetrated e-commerce markets in the world. However, with high levels of disposal income, world-leading internet and smartphone penetration, and changing consumer preferences, there is robust potential in […]
SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]
