At least $13.3 billion of government projects are at risk of being cancelled in Saudi Arabia this year because of fiscal pressures and changing government priorities, Zawya Projects reported, citing a study by consultants Faithful+Gould. The total value of project awards for 2017 is forecast at $27 billion, and could rise to $32 billion if the Makkah Metro project, which was originally expected to be awarded in […]
| By Arabian Post Staff| Amazon.com Inc. and India’s Flipkart Online Services Pvt have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price, Bloomberg reported quoting sources. Souq is now seeking other potential investors and is negotiating with mall-operator Majid Al Futtaim, it further said. Amazon reportedly entered talks with Souq.com last year in a deal that would have been worth about $1 billion. […]
|Arabian Post Staff| A session of the Middle East Policy Council held last week in Washington on the theme. “U.S. Commitments in the Middle East: Advice to the Trump Administration” offered viewpoints from veterans of the Obama administration and observers of the incoming Trump one on how President-elect Trump’s worldview might intersect with some of the region’s most pressing foreign policy challenges. The four-person panel had expertise […]
It’s impossible for one person to see everything on display at CES each year. I had three staffers helping me cover the show, and PCMag had a dozen people on the ground in Las Vegas for its coverage. Being at CES provides valuable hands-on time with gadgets on the floor and in closed-door briefings. Based on what I saw, it’s clear that some amazing new […]
|By Arabian Post Staff| The trend of falling real estate prices in Dubai is expected to continue throughout 2017, real estate consultancy CBRE said in an annual report. “With an expanding pipeline of new units, current deflation trends are likely to continue throughout 2017, with many new homes set to complete, Mat Green, Head of Research & Consultancy UAE, CBRE Middle East said, The residential sector experienced […]
Three years ago, The New York Times published its innovation report, an unsparing assessment of the newsroom’s many weaknesses. Nearly 100 pages long and full of words like “worrying,” “shrinking” and “upheaval,” the report described a New York Times that was in a digital standstill while competitors like BuzzFeed, Vox Media and The Washington Post were racing ahead. Today, The New York Times released the results of […]
|By Arabian Post Staff| Dubai-based leading private-equity firm Abraaj is raising an investment fund this year that will have a global focus as the company seeks opportunities in defensive industries such as health care and education, chief executive Arif Naqvi said in an interview at Davos. The firm has “a group of investors who have been supportive of us all the way through the last few years,” […]
Ken Miller Crunch Network Contributor Ken Miller is an investor, writer, and advisor to several technology companies and Venture Capital firms. Previously he was an Executive at PayPal and Intuit, and early Advisor to Square. More posts by this contributor: How to join the network Pundits and Monday morning quarterbacks have spent much of the last two months lost in a fog of speculation and assertions as […]
Celebrity photographer Anthony Horth is using his most persuasive Australian charm and flattery to keep Paula, a Brazilian model, relaxed and smiling during their first shoot together. Paula looks a picture of elegance as she sits on a “wedding throne” at Emirates Palace, surrounded by white tulips and draped in more than US$4 million (Dh14.6m) of diamonds. But it is not the jewels that former Vogue photographer […]
In a “mass layoff” event reported late last week by the Department of Labor, the Clinton Foundation announced it would lay off some 22 employees at the Clinton Global Initiative, which attained notoriety during the John Podesta leaks, when the various details of the fallout between between CGI head Doug Band and Chelsea Clinton were revealed; it also emerged that long-time Bill Clinton friend Band was soliciting […]
|By Arabian Post Staff|The Shariah Standard for Gold, introduced with the support of the World Gold Council, will open up a vast new world for gold investments, according to the Council’s Gold Outlook Report for 2017. It quotes Mark Mobius of Franklin Templeton as saying the new Shariah Standard on Gold will be a “game changer.” “The Shariah Standard on Gold will enable the foundation of what […]
Barts Health NHS Trust incorporates five hospitals in London – including St Bartholowmew’s. Image: Barts Health NHS Trust The largest hospital group in the UK has taken some of its systems offline following a cyberattack. Barts Health NHS Trust incorporates five hospitals across East London – Mile End Hospital, Newham University Hospital, The Royal London Hospital, St Bartholowmew’s Hospital and Whipps Cross University Hospital, with its workforce […]
Former New York mayor Rudy Giuliani leaves Trump Tower in November. (Image: CBSNews.com) Rudy Giuliani has been tapped to “lend expertise” and to advise the Trump administration on cybersecurity. The former New York mayor “will be sharing his expertise and insight as a trusted friend concerning private sector cybersecurity problems and emerging solutions developing in the private sector,” said a brief statement from the incoming Trump administration. […]
CNN sought to distance its reporting on President-elect Donald Trump from an article published by BuzzFeed shortly after he blasted both news organizations during his first press conference since the election. Both BuzzFeed and CNN went public with reports on Tuesday that a British intelligence official had compiled memos indicating that Russian officials might have compromising information about Trump. But while CNN merely said President Obama and […]
Green Bay will surely throw more complicated — and more dangerous — things at Prescott on Sunday when the Packers visit the Cowboys for an N.F.C. divisional playoff game, but in one way, Elliott’s antics provided a perfect snapshot of Prescott’s remarkable season. Nothing seems to faze him. Spitballs. Winning streaks. Criticism after a tough night. Praise after a great day. “I don’t know,” Prescott said when […]
BuzzFeed CEO Jonah Peretti supported Editor-in-Chief Ben Smith’s decision to publish a 35-page dossier containing damaging, unverified information about President-elect Donald Trump, saying that the company “stand(s) with Ben on his decision to publish this newsworthy document.” During his first press conference since becoming president-elect Wednesday, Trump blasted BuzzFeed for publishing the document in its entirety, calling the viral news organization “a failing pile of garbage” toward […]
|By Arabian Post Staff| Although smartphone sales growth rate is slowing down worldwide, the Middle East and North Africa (MENA) region is witnessing an increase in sales. Smartphone shipment to the MENA region reached 171.2 million in 2016, up from 157.5 million, according to Statista.com – a global portal of statistics that collects information from 18,000 sources. This also means that the Middle East mobile market is […]
It is a new year and already it is back to business on the big runways with London Fashion Week Men, in a season that is experiencing a complete shake-up in the schedule, with more designers combining their men’s and women’s lines into one presentation. Missing from the line-up are Burberry, Coach and McQueen, while Paul Smith, who often hosts an event in London, will add women’s […]
Posada made his first professional stop in Oneonta, N.Y., in the shadow of Cooperstown, in 1991. He had been drafted as a middle infielder the previous summer, in the 24th round, from Calhoun Community College in Alabama. The Oneonta manager, Jack Gillis, thought he profiled better as a catcher. Continue reading the main story “The first practice day, we were working in the bullpen on catching,” said […]
Photo James E. Cartwright, a retired Marine general, arriving at Federal District Court in Washington in October. Credit Pablo Martinez Monsivais/Associated Press PWASHINGTON — Federal prosecutors asked a judge on Tuesday to sentence James E. Cartwright, a retired Marine Corps general and former vice chairman of the Joint Chiefs of Staff, to two years in prison for lying to F.B.I. agents about his discussions with reporters about […]
Dubai-based air services provider dnata has revealed that December 23 was its busiest day in 2016 with 18,529 staff handling 281,388 passengers and 329,341 bags in the UAE. The company, a subsidiary of Emirates, said it dealt with one aircraft movement every 73 seconds on that day and closed the year with 419,133 tonnes of cargo at Dubai International Airport, up eight percent from the previous year. […]
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 […]
MANILA: A major undersea earthquake with a magnitude of 7.3 struck southeast of the Philippines on Tuesday (Jan 10), the US Geological Survey (USGS) said. The quake was measured by USGS to be at a depth of 613km and no tsunami alert has been issued. However, there have been reports of people in Sabah – including in Sandakan and the city centre – evacuating buildings after strong […]
