|By Arabian Post Staff| Gold plunged after trading volume hit 1.8 million ounces in just one minute and gold traders were shaken by the plunge, Bloomberg reported. Gold traders shaken awake by Monday’s rapid price plunge said the move probably won’t mean an end to the sleepy pace that’s characterized the market in recent months. Bullion sank at 9 a.m. in London on Monday after a huge spike […]
|By Arabian Post Staff| Cancer tumours manipulate a natural cell process to promote their survival suggesting that controlling this mechanism could stop progression of the disease, according to new research by the Universities of Birmingham and Oxford. Non-sense mediated decay (NMD) is a natural physiological process that provides cells with the ability to detect DNA errors called nonsense mutations. It also enables these cells to eliminate the mutated […]
|By Arabian Post Staff| Dubai Government is developing a new project development company that will manage projects by Dubai Holding and Meraas Holding, according to a media statement issued on Monday (May 29, 2017). The move is a reflection of the economic reality marked by lower oil price and lower growth outlook that is encouraging governments to consolidate their state-owned businesses to cut costs by creating synergies. It […]
|By Arabian Post Staff| Consumer confidence in the UAE remained uncertain in 2016 resulting in the Dubai retail market experiencing further softening in Q1 2017, according to a latest report by Knight Frank. “Well-established malls with higher footfall continue to maintain healthy occupancy rates; however the delivery of additional retail supply is expected to put pressure on overall occupancy rates. UAE shopping malls are also expected to […]
|By Arabian Post Staff|The London High Court has upheld the injunction granted to ICICI Bank UK against leading diamond merchant family of Mehtas, considered legends in the diamond trading business and pioneers in Indian industry’s inroads to Antwerp. This means that the well-known Mehta family of Belgium lost their bid in London’s High Court to unfreeze certain of their family members’ assets, as they continue to be […]
|By Arabian Post Staff| Xanadu Real Estate Development, a Dubai-based property developer, announced the delivery of nearly 200 luxury villas and townhouses with a development value exceeding Dh750 million, part of the Dh8 billion worth of projects it helped deliver with its partners over the last six years. These include 130 Townhouses at Jumeirah Village Circle, worth Dh300 million and 68 luxury villas at Jumeirah Golf Estates, […]
|By Arabian Post Staff| Abu Dhabi Fund for Development (ADFD) dispensed AED3.9 billion in concessionary loans to support four projects and AED1.7 billion in government grants to finance 13 projects last year. Since inception in 1971 till end-2016, ADFD’s total development funding and investment portfolio registered AED80 billion, with the number of beneficiary countries reaching 83. Of this, concessionary loans totalled AED35 billion, while UAE government grants […]
|By Arabian Post Staff| The Saudi Arabian Public Investment Fund has announced the creation of a new national military industries company. Saudi Arabian Military Industries (SAMI) will manufacture products and provide services across four business units: Air Systems, which includes maintenance and repair of fixed-wing aircraft as well as manufacturing and repair of unmanned air vehicles; Land Systems, which includes manufacturing and repair of military vehicles; Weapons & […]
Journalism is still overwhelmingly White. But that won’t change if news organizations don’t talk about it. It was in that spirit that Gizmodo Media Group on Wednesday sent a report to employees that included a detailed breakdown of racial and gender diversity across the company. Gizmodo Media Group, a subsidiary of Univision that owns all of the former Gawker Media brands plus Fusion and The Root, broke […]
The welcome Traffic is terrible when I leave the airport, but half an hour into the drive, the pretty side of Prague starts to emerge, a show that’s continued until I’m in the vibrant lobby of the hotel, on a quiet side street. There’s enough time to drink a tall glass of juice as forms are filled in, passports scanned and keys handed over. These keys, by […]
Yet another nail was hammered into the coffin of clickbait on Wednesday when Facebook announced it was tweaking its News Feed (again) to reduce the reach of made-you-look stories. The change, which comes on the heels of a similar tweak made by Facebook last year, is aimed at penalizing inauthentic stories that deliberately omit important information. The latest change penalizes two signals — exaggeration and omission — […]
DUBAI // The lowest ranked schools will “wither on the vine” until they raise more money for the good of their pupils, educators say. Ten schools, catering for about 15,500 pupils, have been rated “weak” and altogether 94,000 attend schools that are acceptable or below, Dubai’s education regulator said this week. The bottom 10 can only raise fees by 2.4 per cent, about the level of inflation, […]
One minute I’m in an office in Dubai’s Jumeirah Lakes Towers; the next, I have been transported to the grounds of a villa in the Sheikh Zayed Housing Programme. I scan the garden – there’s a ball by my feet, so I pick it up and toss it out of the way. Next, I teleport myself just inside the front door. I take a wander around the […]
President Trump asked former FBI Director Jim Comey to lock up journalists for publishing classified information during a February Oval Office meeting, according to a memo written by Comey shortly after the meeting summarized Tuesday by The New York Times. Trump urged Comey to imprison journalists at the beginning of an exchange during which he also asked the former FBI chief to back off an investigation into […]
The timing, intensity and public announcement of the accusations suggested that the Trump administration was signaling a tougher political line on Syria, as well as seeking to embarrass Russia and Iran, all in an effort to put pressure on Damascus at the Geneva talks. Continue reading the main story Five previous rounds of negotiations in Geneva have yielded little progress. The war is now in its seventh […]
BuzzFeed News announced on Monday the addition of Forbes staff writer Ryan Mac to its expanding team of reporters in San Francisco who cover Silicon Valley. Mac, who’s already based in San Francisco, joins a BuzzFeed News tech team of 20. He’ll be covering “the intersection of wealth, tech and power” under BuzzFeed San Francisco Bureau Chief Mat Honan and technology editor John Paczkowski. Rather than focus […]
As the UAE Pavilion was readied for the opening of the Venice Biennale, paper aeroplanes were strewn across a brick floor with yellow markings. To the untrained eye, they might have looked like the result of some celebratory fun and games from the young members of staff who had just finished the week-long installation work at the Sale d’Armi (Weapons Room) in the Italian city’s old fort, […]
DUBAI // Schools need to strike a better balance between preparing pupils to pass exams and providing a holistic education, a new report by Dubai’s education regulator says. The Future of Education report published by the Knowledge and Human Development Authority said the best schools prepared pupils for the future, not just tests. The research was conducted in partnership with the Education Development Trust, a non-profit education […]
The cyberattack crippled IT systems and forced doctors and nurses to work with pen and paper notes. Image: iStock NHS hospitals are still struggling in the fight against a global ransomware attack, with computer systems in several hospitals locked three days after the initial outbreak and previously unaffected hospitals revealed to have fallen to WannaCrypt ransomware. During the weekend more than 200,000 victims in over 150 countries […]
Abu Dhabi // Sheikh Mohammed bin Zayed will hold talks at the White House with Donald Trump on Monday to discuss enhancing cooperation on counterterrorism, confronting Iran and other core issues in the increasingly close relationship. Over the course of what is expected to be a two-day visit to Washington, Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is also […]
Oman Air, the country’s national carrier, has announced a new initiative to support its employees during hard times. Wings of Support is an employee fund which offers and maintains financial support to staff, the airline said in a statement. It added that staff who fall under financial crisis due to various reasons can now be aided after becoming a member of Wings of Support. The fund will […]
An exterior view shows the main entrance of St Bartholomew’s Hospital, in London, one of the hospitals whose computer systems were affected by a cyberattack, Friday, May 12, 2017. A large cyberattack crippled computer systems at hospitals across England on Friday, with appointments canceled, phone lines down and patients turned away. (AP Photo/Matt Dunham) Teams of technicians worked “round the clock” Saturday to restore hospital computer systems […]
2017: The year of the Linux desktop on the Windows desktop. Yes, Microsoft is making it much easier to run the Bash shell, based on Ubuntu, and soon SUSE or Fedora, on Windows 10. No, hell hasn’t frozen over. True, Carmen Crincoli, Microsoft’s Storage independent hardware vendor partner manager, tweeted: “2017 is finally the year of Linux on the Desktop. It’s just that the Desktop is Windows.” […]
In a mini-tweetstorm Friday that combined references to alleged unfair treatment of his spokespeople and the firing of FBI Director James Comey, President Trump raised the possibility of canceling regular briefings with the White House press corps. The Fake Media is working overtime today! — Donald J. Trump (@realDonaldTrump) May 12, 2017 …Maybe the best thing to do would be to cancel all future “press briefings” and […]
