|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 […]
Facebook on Wednesday announced a new program of training, products and tools aimed at further solidifying the social network’s relationship with publishers, which view the Silicon Valley giant as both a firehose of referral traffic and an at-times fearsome adversary. The program’s debut comes days after Facebook hired former TV journalist Campbell Brown to be its head of news partnerships. The initiative (which includes a partnership with […]
Airbus posted an eight percent rise in deliveries last year, beating its own forecasts by a comfortable margin to set a company record, and pulled off a last-minute surge in orders to beat arch-rival Boeing in the race for new orders. Confirming an estimate published by Reuters, the European planemaker said on Wednesday it delivered 688 aircraft in 2016, compared with an official company forecast of more […]
By Andreas Cremer | BERLIN BERLIN Volkswagen’s (VOWG_p.DE) supervisory board is meeting on Wednesday to approve a draft $4.3 billion settlement with the U.S. Justice Department, marking a milestone in its attempts to recover from its emissions test cheating scandal. Shares in Europe’s biggest carmaker rose as much as 4 percent as investors welcomed the latest move to draw a line under the biggest business scandal in […]
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 […]
Donald Trump angrily denied claims that Russia sought to cultivate and compromise him, after unverified allegations about his personal conduct and ties to Moscow spilled out into the open, just 10 days before his inauguration. US media reported that intelligence agency officials shared a written synopsis of a dossier containing lurid but unsubstantiated personal claims about Mr Trump, allegedly compiled by Moscow, when they met the president-elect […]
Withings’ Kérastase Hair Coach analyses the health of your locks as you brush. Image: Withings/Nokia When Nokia said it had no plans to make mobile handsets again, that wasn’t the end of its hardware ambitions: last year it bought Withings, a health devices company headquartered in France, for €170m as its way into the health and fitness market. The deal concluded in June last year, bringing together […]
It would be premature to decide whether an agreement among OPEC and non-OPEC oil producers to cut output, reached late last year, needs to be extended beyond six months, the United Arab Emirates’ energy minister said on Wednesday. Speaking at an oil industry conference, Suhail bin Mohammed al-Mazroui said there needed to be competition in the oil market and trying to fix the market to achieve a […]
As CNN reported on a private intelligence report claiming that Russia has dirt on President-elect Donald Trump Tuesday night, BuzzFeed published the basis of the report, a 35-page dossier, online. Both CNN and BuzzFeed pointed out that the documents have been circulating since at least October and that its claims are unverified. BuzzFeed Editor-in-Chief Ben Smith explained his choice to publish the dossier in a memo to […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL A South Korean special prosecutor’s office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in a widening influence-peddling scandal that may force President Park Geun-hye from office. Prosecutors have been looking into whether Samsung payments of about 30 billion won ($25 million) for a business and foundations backed by Park’s friend, Choi Soon-sil, […]
Alibaba wants to transform the retail sector with a US$2.6 billion buyout that it says will break down the barriers between offline and online. The Chinese e-commerce giant said its investment unit was working with Intime Retail’s founder, Shen Guo Jun, to take the department store chain private with a projected HK$19.8 billion (US$2.6 billion). The funds would be raised through internal cash and external debt financing. […]
The saga of Housing.com, once a red-hot tech startup in India, has reached a conclusion of sorts after the company was sold to rival PropTiger in a deal announced this week. Housing.com was once heralded as a trailblazer for its efforts to digitize the sale and rental of property in India. But a fall from grace, which included the ejection of its outspoken CEO and the removal of […]
Dubai-based Majid Al Futtaim said on Tuesday it will build a new $81.74 million (AED300 million) shopping mall in Masdar City, Abu Dhabi. Set to open by end-2018, ‘My City Centre Masdar’ will include 60 outlets across 18,000 square metres of gross leasable area (GLA), including a Magic Planet family entertainment centre, a 5,760 square metre Carrefour hypermarket and a clinic. The company said it will target […]
By Engen Tham and Samuel Shen | SHANGHAI SHANGHAI China’s forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan’s prospects to themselves, several bankers said. Both demands are seen as an attempt by the authorities to prevent alarm that could trigger further declines in the yuan, the bankers from […]
State-owned budget carrier flydubai said on Tuesday it is in talks with banks for a club financing facility to fund future “infrastructure requirements”. Lenders Emirates NBD, Noor Bank and Union National Bank are involved in the preliminary discussions, the Dubai-based carrier said in an emailed statement to Reuters. A flydubai spokesperson declined to provide further details on the loan. Source link
By Jonathan Landay and John Walcott | WASHINGTON WASHINGTON Classified documents that the heads of four U.S. intelligence agencies presented last week to President-elect Donald Trump included claims that Russian intelligence operatives have compromising information about him, two U.S. officials said Tuesday evening. They told Reuters the claims, which one called “still unsubstantiated,” were contained in a two-page memo appended to a report on Russian interference in […]
Tata Group plans to set up a regional office in South Korea and build a datacentre, reports ChosunBiz. India’s biggest conglomerate is likely preparing for the rise of the connected cars industry in Korea, the report said. Tata Teleservices will set up the office within the month and register as a telco business by March, it said. Tata Group, dubbed “India’s Samsung” by the Korean press, has […]
Jan. 10, 2017 DUBAI, United Arab Emirates– (BUSINESS WIRE/ME NewsWire) GMO GlobalSign K.K., a leading provider of trusted identity and security solutions and one of the longest established Certificate Authorities in the world, today announced the inauguration of its new office in Dubai. The local entity, GMO GlobalSign FZ-LLC, based in Dubai Internet City, is strategically located to cater to further strengthen GlobalSign’s presence in Asia, particularly […]
Economic growth will slow in Bahrain throughout 2017 and the government will continue to post large deficits as social instability limits opportunities for effective spending cuts, according to new research. In two separate reports this week, BMI Research warns that domestic instability in Bahrain will cause revenues to remain low by historical standards, even as oil prices start to recover. BMI forecasts Bahrain’s budget deficit to come […]
SEATTLE Boeing Co (BA.N) warned on Tuesday that it will conduct involuntary layoffs of engineers, part of a cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales. The reductions, disclosed in an internal memo seen by Reuters, also include dozens of job categories eligible for voluntary layoffs in Washington state, southern California and South Carolina. Boeing did not indicate the […]
An Apple virtual reality gear seems far from Apple’s focus at this point especially when rumors are mostly pointing to the way the Cupertino company is more interested in augmented reality technology. Apple And Carl Zeiss AG Partnership This last has been underscored when a Carl Zeiss AG employee disclosed that Apple is purportedly partnering with his company to develop AR optics. The source’s claim was first […]
The Middle East has given McLaren Automotive, the British manufacturer of luxury sports and supercars, good reason to get revved up with sales soaring last year. Its Middle East, Africa and central and South America region grew by an impressive 69 per cent last year, as the company posted another record year of sales growth. From offices in Dubai, McLaren has expanded into Abu Dhabi. “We continue […]
The list grows longer. The names sometimes come via police posts like Police Station 3, and Sagpang described how he compiled them. “A confidential informant came, to say drugs are very prevalent in such-and-such area,” he told me. “We have to dig deeper. We deploy detectives and intelligence operatives” to verify that “Mr. So-and-So is fiddling drugs in the community.” In other words, the police counted on […]
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. […]
