ABU DHABI // Expatriates will have to pay their traffic fines before they can leave the country for business or holidays, under a plan being considered. The idea has been put forward by the Federal Traffic Council and, if approved, expats will be told to pay their fines at airports and land borders or miss their trip. Road-safety experts say the move could make motorists think twice […]
INTERNATIONAL. – Higher GDP per capita alone does not determine real quality of life. This is according to the Social Progress Index (SPI) 2016 published recently by US-based nonprofit, the Social Progress Imperative. The Index ranks Finland the world’s most socially progressive country, Canada in second place tops the G7 nations. Economic growth is not the sole determinant of quality of life The 2016 Index finds that whist […]
INTERNATIONAL. Despite significantly increasing investment in compliance and being continuously under the scrutiny of regulators, economic crime in financial services has increased, showing new thinking is needed to make investment in compliance deliver more value and tackle economic crime. The views are published in a new paper by PwC examining how the financial services sector (including Banking & Capital Markets and Insurance) responds to economic crime. Financial […]
LIBYA. A multi-million redevelopment of Tripoli International Airport is getting ready for take-off following the Libyan Local Investment & Development Fund’s (LLIDF) appointment of PwC as its strategic advisor. The LLIDF is supporting the redevelopment of Libya through its new Investment Programme which includes the redevelopment of Tripoli International Airport into a world-class international airport. Based within a secure hub on the former airport site, the ambition […]
A new research replication project, involving 24 labs and over 2100 participants, failed to reproduce findings from a previous study that suggested that self-control is a depletable resource. The findings are published as part of a Registered Replication Report in Perspectives on Psychological Science, a journal of the Association for Psychological Science. Over the last twenty years, numerous studies have provided evidence supporting the idea that our […]
|By Arabian Post Staff| First Gulf Bank reported a lower Group net profit for the first half of this year, recording AED 2.64 billion for the six-month period ended 30 June 2016, compared to AED 2.87 billion for the first half of 2015 FGB, one of the leading banks in the UAE, reported second quarter 2016 Group revenue growth of 3%, while Q2’2016 net profits were recorded at AED […]
ABU DHABI // Love the idea of Pokemon Go, but can’t be bothered putting in the leg work? There is a solution – but it doesn’t come cheap. Players at advanced levels are selling their accounts for up to Dh15,000 on classified websites. Omar Moued, 29, decided to try his luck on dubizzle.com after watching a video about a player in the UK who sold his account […]
EGYPT. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Cairo Real Estate overview report determining the factors affecting all sectors in the real estate market. In March, Cairo’s Central Bank announced the devaluation of the Egyptian pound from EGP7.78:US$1 to EGP8.85:US$1 in order to boost the banking system to attract foreign investment and finance major projects, as well as […]
INTERNATIONAL. Following the vote to leave the EU, the UK economy is expected to face challenges in the short term, with high levels of uncertainty leading to a slowdown in business investment and lower GDP growth. UK: In light of this, PwC has revised down its main scenario real GDP growth projection for the UK to 1.6% and 0.6% per annum in 2016 and 2017 respectively, down […]
DUBAI // Around 130 residents of Sulafa Tower took shelter at a nearby hotel after their apartments were damaged or destroyed in Wednesday’s fire. A blaze broke out in the 75-storey tower in Dubai Marina on Wednesday afternoon, spreading quickly around the residential building and damaging apartments on at least eight floors. Management at the nearby Westin Dubai Mina Seyahi Beach Resort & Marina tweeted an offer […]
Data centers are notorious for how much energy they require. Now, however, Google thinks it has found a way to mitigate that problem. Over the last few months, the tech giant has been using an artificial intelligence (AI) system built by DeepMind to control certain parts of its data centers to make its vast server farms more environmentally friendly. DeepMind is the British AI company that Google […]
By transitioning Skype from a peer-to-peer architecture to a cloud-based one, Microsoft aims to enable the messaging and file-sharing service to better keep up with changing technologies and user habits. While the move hasn’t been completed yet, changes made so far have already helped support a number of new features on Skype, including mobile group video calling, near-real-time translations of conversations and bots for automated, artificial intelligence-powered […]
UAE. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Dubai Real Estate Q2 Overview report that evaluates the impact of Britain’s exit from the European Union on the Dubai Real Estate Market across office, residential, retail and hotel sectors. Dubai caters to the most open real estate market within the region and as a result is more susceptible to […]
The flight to Europe’s sixth-largest city was business travel as it ought to be – on time, comfortable and efficient, with plenty of room to work and relax. Emirates has a very reliable chauffeur service in Dubai to get you to the airport without any fuss. It takes you straight to the dedicated first- and business-class terminal in Terminal 3. Here you will find a spacious check-in […]
INTERNATIONAL. The Bloomberg Commodity Index, which tracks the performance of 20 major commodities split evenly between energy, metals and agriculture, continues to show a gain of more than 10% in the year to date. Some softness, however, has crept in during the past few weeks with some sectors, most notably energy, pausing after rallies in oil and natural gas ran out of steam. Industrial metals found support […]
Turkish policemen cordon up around a military vehicle in Ankara, Turkey July 16, 2016. Reuters/Stringer SAN FRANCISCO The attempted military coup in Turkey exploded across social media late on Friday despite restricted access to Twitter, Facebook and YouTube during the first hours of the putsch. Turkish President Tayyip Erdogan, an avowed enemy of social media who has frequently made Twitter and Facebook a target, addressed the country […]
PARIS // The UAE embassy in Paris said on Friday that there were no Emiratis among the casualties in Thursday night’s lorry attack in Nice, according to the latest reports from French police. At least 84 people were killed when a large lorry ploughed through revellers gathered for the Bastille Day fireworks on the French Riviera. In a statement via Twitter, the embassy urged Emiratis to fully […]
The vast majority of cases of autism spectrum disorder (ASD) are idiopathic — the cause is unknown. In a paper published this month in the journal Molecular Psychiatry, researchers at the University of California San Diego School of Medicine, with colleagues across the nation and world, have created a “mini-brain” model, derived from persons with a particular form of idiopathic ASD characterized by over-sized brains, revealing a […]
Using folded DNA to precisely place glowing molecules within microscopic light resonators, researchers at Caltech have created one of the world’s smallest reproductions of Vincent van Gogh’s The Starry Night. The reproduction and the technique used to create it are described in a paper published in the advance online edition of the journal Nature on July 11. The monochrome image — just the width of a dime […]
It is said that good things come to those who wait. If so, then the European Union’s (EU) new Global Strategy on Foreign and Security Policy, more than a decade overdue, must be a very good thing. Actually, it is exactly what Europe needs. But the timing of its release — in the immediate aftermath of the United Kingdom’s (UK) vote to leave the EU — could […]
KEFLAVIK, Iceland Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins. In the world of the web-based digital currency, it is not central banks that add new money to the system, but rather computers […]
Scientists with NASA’s Dawn mission have identified permanently shadowed regions on the dwarf planet Ceres. Most of these areas likely have been cold enough to trap water ice for a billion years, suggesting that ice deposits could exist there now. “The conditions on Ceres are right for accumulating deposits of water ice,” said Norbert Schorghofer, a Dawn guest investigator at the University of Hawaii at Manoa. “Ceres […]
Tech giant Google made a bid to expand its cloud services offerings to big media companies yesterday with the announcement that it has acquired Anvato. The company provides a software platform that automates the encoding, editing, publishing, and distribution of video content across multiple platforms. The Mountain View, Calif. startup has already won over some major media companies on its own, including NBC Universal, Fox Sports, and […]
Acura released details on the exotic NSX GT3 before it campaigns North America next year. The NSX GT3 is slated for homologation as an FIA GT3 class racer this fall, upon completing a round of development circuits in the United States. The twin-turbocharged beauty was undergoing testing recently at GingerMan Raceway in South Haven, Michigan. “Building on the very solid foundation of the production NSX, we’re making steady […]
