By Yashaswini Swamynathan The S&P 500 and the Dow Jones Industrial Average were slightly lower on Monday as gains in financials shares – ahead of a widely expected interest rate hike – were weighed down by losses in drug stocks. The Federal Open Market Committee, the central bank’s policy-setting board, is expected to lift interest rates by a quarter point to 0.75 percent-1.00 percent after a two-day […]
ARADA, the UAE-based developer started by Prince Khaled bin Alwaleed bin Talal, the only son of Saudi billionaire Prince Alwaleed, has announced the launch of its first project in Sharjah. With an expected completion date for late 2018, Nasma Residences will offer more than 800 homes plus community facilities, a statement said. In January, Prince Khaled’s KBW Investments (KBW) and Basma Group unveiled ARADA, a partnership enterprise […]
Manila Bulletin Senate passes bills on free Wi-Fi, college educationBusinessWorld Online EditionTHE BILLS for free Wi-Fi access in public places and free college education were among the key bills the Senate passed on third and final reading on Monday. “The truth is, mass Wi-Fi services form part of the Information Communication Technology (ICT) …Free wifi bill gets Senate nodMalayaSenate approves free public Wi-Fi bill on final readingInquirer.netSenate okays […]
Doha, Qatar – 13 March, 2017 In recognition of the creative efforts it made throughout the year, First Finance Company (FFC), a subsidiary of Barwa Bank Group, has earned the title of ‘Most Innovative Finance Company’ in Qatar 2016, at the International Finance Magazine (IFM) Awards, which was held at the JW Marriott Marquis Hotel in Dubai. FFC claimed the sought-after title in honor of its leading role […]
/By Arabian Post Staff/ The board of directors of the mega bank being created by the merger of FGB and the National Bank of Abu Dhabi (NBAD) has met to approve key items ahead of the legal completion of the merger in the coming weeks. During the meeting, the Board decided on the Group’s corporate governance structure and finalised the nomination of Board committees and delegation of […]
Robots will soon be teaching and assisting children across several schools in the UAE, according to tech firm ATLAB, which is planning to roll out a new system later this year. The technology-based learning solutions company has announced that it will be introducing the ATLAB TeachAssist in schools across Dubai and the UAE and the rest of the GCC by the end of 2017. The robot can […]
By Tova Cohen and Ari Rabinovitch | JERUSALEM JERUSALEM U.S. chip giant Intel (INTC.O) has agreed to buy Israeli driverless technology firm Mobileye (MBLY.N) for $15.3 billion, the largest ever acquisition of an Israeli high-tech company. The $63.54 per share cash deal is the world’s biggest purchase of a company solely focused on the autonomous driving sector. Mobileye accounts for 70 percent of the global market for […]
● First Global Manufacturing and Industrialisation Summit to open doorways to encourage public-private sector dialogue ● Inter-sector cooperation to be a key topic of discussion between representatives of government, companies, and NGOs at Global Manufacturing and Industrialisation Summit 13 March 2017 Abu Dhabi, UAE – The Global Manufacturing and Industrialisation Summit (GMIS) has signed a Memorandum of Understanding (MoU) with the General Confederation of Moroccan Enterprises […]
Business Social media superstar and CEO of the company that bears her own name, Joelle Mardinian, headlined the ITP Live: Influencer Marketing Summit on the 20th of February 2017. In her keynote speech, she told an audience of journalists, editors and advertising and social media professionals why social media is integral to her brands, including ways to boost your own social media. (Source: CEO Middle East YouTube […]
By James Pomfret | NANSAN, China NANSAN, China Within earshot of mortar fire echoing from beyond a ring of hills, a sprawling relief camp in Southwestern China is swelling steadily after fighting erupted last week between a rebel ethnic army in Myanmar and government troops just across the border. In a recent Reuters visit to the rugged area in southwestern Yunnan province, aid workers and those displaced […]
BOSTON BlackRock Inc(BLK.N), which wields outsized clout as the world’s largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity. The move by BlackRock, a powerful force in Corporate America with $5.1 trillion under management, could bolster efforts like climate-risk disclosure practices developed by the Financial Stability […]
Stuart Gulliver has told the HSBC board he will quit as chief executive next year, making the search for his successor a priority for Mark Tucker, who has decided to leave Asian insurer AIA to become the bank’s chairman. The appointment of Mr Tucker was announced before the Hong Kong market opened on Monday by AIA and HSBC, which first approached the insurer’s president and chief executive last […]
Transport Volkswagen has pleaded guilty in the US to criminal conduct over its diesel emissions scandal, as part of a $4.3 billion (4.02 billion euros) settlement. The German carmaker admitted fraud, obstructing justice and falsifying statements. Describing it as a “very, very, very serious crime”, the judge in Detroit set a date for sentencing next month. (Source: euronews (in English) YouTube channel) Source link
SEOUL Ousted South Korean leader Park Geun-hye faced criticism on Monday over a defiant vow that the truth of her impeachment would be revealed, with the main opposition party urging prosecutors to investigate her quickly. The Constitutional Court dismissed Park from office on Friday when it upheld a parliamentary impeachment vote over an influence-peddling scandal that has shaken the political and business elite. Park has denied any […]
Zain Group held its annual Ordinary General Assembly in a gathering that constituted a quorum of 66.79% and approved a cash dividend of 35 fils Vice-Chairman Bader Al Kharafi: “Investments in emerging technologies will diversify our revenue streams.” New Board of Directors elected for three years; Scott Gegenheimer given new role as CEO of Operations Advertisement Kuwait – 12 March, 2017 Zain Group, a leading mobile telecom […]
SEOUL Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 35 cents, or 0.68 percent, to its lowest since Nov. 30 at $51.02 per barrel by 0231 GMT. It closed the previous session down 1.6 percent at $51.37. U.S. West Texas Intermediate crude (WTI) CLc1 […]
In November of last year, Samsung announced that it was purchasing Harman International Industries for $112 per share, equivalent to around $8 billion. The company’s biggest ever acquisition, which was an uncharacteristic one for the South Korean conglomerate as it mostly preferred to develop its own technology or buy smaller startups, has now been completed after four months. Samsung Closes Harman Acquisition “Today is a historic moment for […]
HPE and SUSE, a top Linux distributor, have a complex relationship. First, HPE spun and merged its non-core software assets with Micro Focus. Micro Focus owns SUSE, a major Linux provider. Now, SUSE has finished acquiring cloud assets of HPE’s OpenStack Infrastructure-as-a-Service (IaaS), Cloud Foundry Platform-as-a-Service (PaaS), and Stackato, HPE’s Cloud Foundry implementation. SUSE will develop clouds while HPE will sell, support, and maintain them in their […]
Leisure This is Ferrari’s new supercar – the 812 Superfast. It’s powered by a 6.5-liter V12 engine (that’s 200 cc larger than the unit found in the LaFerrari). It produces 789 horsepower. That makes it the most powerful non-hybrid model ever made by Ferrari. It goes from zero to 2.9-seconds in just 2.9 seconds. Its top speed is 340kph (or 211 miles per hour). The Superfast is […]
By Mark Hosenball and Ayesha Rascoe | WASHINGTON WASHINGTON Two days before U.S. Attorney Preet Bharara was fired, President Donald Trump tried to call the high-profile New York prosecutor in what a White House official said was an effort to “thank him for his service and to wish him good luck.” But a U.S. law enforcement official said Bharara declined to take the call, placed on Thursday, […]
Chefs Chris and Jeff Galvin have found success the old-fashioned way – through sheer talent and hard work. The British brothers, who opened Demoiselle by Galvin in Dubai’s City Walk this past week, have built a small, family-run restaurant empire with a focus on high-quality French cuisine. The Galvins grew up in Essex, surrounded by woods and fields.”Our mother taught us about hard work and good manners. […]
Tim Berners-Lee, Web Foundation founder and the inventor of the world wide web, has published his take on what needs to be done to ensure the future of the web fulfils his vision of an equalising platform that benefits all of humanity, including tackling fake news, political advertisement, and data sovereignty. Marking 28 years since Berners-Lee submitted his original proposal for the world wide web, the now-53 […]
Top ten electric vehicles set to transform the way we drive Source link
By Jeremy Wagstaff | SINGAPORE SINGAPORE In today’s so-called smart home, you can dim the lights, order more toothpaste or tell the kids to go to bed simply by talking to a small Wifi-connected speaker, such as Amazon’s (AMZN.O) Echo or Google’s (GOOGL.O) Home. This voice-first market – combining voice with artificial intelligence (AI) – barely existed in 2014. This year, Voice Labs, a consultancy, expects 24.5 […]
