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Representatives from Breakthrough Listen launched Nov. 7 the Parkes Radio Telescope, a $100 million project that had been going on for a decade, in the attempt to seek extraterrestrial life. The telescope is currently looking for proof in the vicinity of Proxima Centauri after the discovery of a possibly habitable planet in August 2016. Humanity’s interest in discovering alien life has gained traction along with the technological […]

UAE. In the GCC, healthcare, industrials & materials and financial services have recorded the largest fluctuations in mergers and acquisitions (M&A) activity, despite the gradual decline witnessed by the industry since 2014. According to research published today in The Boston Consulting Group’s (BCG) 2016 M&A Report, Masters of the Corporate Portfolio, companies that regularly acquire and divest businesses as part of their corporate strategy consistently outperform less […]

UAE. Middle East businesses embracing digital transformations in order to gain business advantage and drive innovation are being warned to place digital trust and cyber security at the heart of such change. The advice has been issued by two new senior experts in IT, digital transformation and cyber security appointed by PA Consulting Group Middle East and North Africa as part of an aggressive recruitment phase to […]

By Catherine Cadell | SHENZHEN, China SHENZHEN, China Chinese e-commerce giant Alibaba Group Holding Ltd said it racked up more than $5 billion in transactions in the first hour of its annual ‘Singles’ Day’ sales blitz on Friday – a third more than in the first hour of last year’s spree. The 24-hour event held annually on Nov. 11 offers a benchmark for Alibaba’s performance and an […]

Saudi Arabian stocks extended their winning streak to six days, entering a bull market as investors bet the government’s belated payments to contractors would help spur more gains. The Tadawul All Share Index added 2.3 percent to the highest level since July, taking its rally this week to 7.7 percent. The gauge has advanced more than 20 percent since a recent low on Oct. 3, crossing the […]

ABU DHABI // Abu Dhabi’s environment agency insisted that it carries out strict monitoring of water quality, after a UAE University study suggested industry in Mussaffah was causing pollution that could harm the area’s marine ecology. Scientists at UAE University had discovered that some metals were several times more common in samples collected close to industry compared with those taken from farther away. The Environment Agency Abu […]

Business-focused social network LinkedIn faces being blocked in Russia after a court ruled it broke a law on data storage. The Moscow city court rejected LinkedIn’s appeal against a ruling that it had broken a law that requires personal data on Russian citizens to be stored on servers within Russia, court spokeswoman Ulyana Solopova told The Associated Press. Solopova says LinkedIn can appeal Thursday’s ruling. The case […]

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London-based gold dealer Sharps Pixley Ltd. is running out of bars and coins as buying surges after Donald Trump won the U.S. presidency. The company’s store, a short walk from Buckingham Palace, has arranged emergency imports of Britannia coins and kilogram (2.2 pound) bars to meet demand. The frenzy began on its website overnight and continued in store this morning, Chief Executive Officer Ross Norman said by […]

Donald Trump won’t be able to undo world powers’ nuclear deal with Iran, Iranian President Hassan Rouhani said, hours after the U.S. businessman was elected president. The 2015 accord, signed between Iran and six powers including the U.S., “cannot be overturned by one government’s decision,” Rouhani told his cabinet on Wednesday, according to the official Islamic Republic News Agency. Trump told a pro-Israel lobbying group in the […]

Emirates Group first-half profit plunged 64 percent as the world’s biggest airline by international traffic struggled with a rising U.S. dollar and political and economic uncertainty that damped global travel and weighed on fares. Net income fell to 1.3 billion dirhams ($364 million) in the six months through September from 3.7 billion dirhams a year earlier, the Dubai-based carrier said Wednesday in a statement. Revenue rose 1 […]

Facebook is launching another Snapchat clone, a standalone ephemeral picture and video messaging app — complete with face-distorting masks– that looks almost identical to Snapchat. We’ve seen this play out before. Twice, in fact. In both instances — first with Poke, then with Slingshot — Facebook’s attempt to create a legitimate Snapchat competitor flopped. But this time Facebook is trying something different: Its new app, Flash, was […]

|By Arabian Post Staff| The Ministry of Finance (MoF) announced the UAE’s membership to the Global Forum on Transparency and Exchange of Information, following the UAE Cabinet’s decision in 2010 on MoF’s implementation of the G20 resolutions for the exchange of information for tax purposes. The Ministry will be responsible for coordinating with government bodies to collect financial information of international companies operating in the country. The UAE Cabinet had […]

Tech behemoth Dell EMC launched a new service to protect enterprise applications running on Amazon Web Services (AWS) yesterday called NetWorker. The company said the service will provide a complete enterprise-grade backup solution for those apps. In addition, NetWorker will run completely self-contained within an AWS environment and it will include client-side optimized backups, inline de-duplication, encryption, and compression with backup directly to Amazon S3. “The availability […]

Thanks to a new deep learning system called Caffe2Go, Facebook now lets users of its mobile app transform videos with artwork-inspired special effects in real time. The platform enables such on-the-fly style transfers by dramatically improving how efficiently artificial intelligence (AI) processes images and videos. With the help of Caffe2Go, users of Facebook’s iOS or Android app can quickly change the look of their photos or videos […]

By Abhirup Roy | MUMBAI MUMBAI Ford Motor Co is investing 13 billion rupees ($195 million) over the next five years in a technology and business centre in the Indian city of Chennai to develop new products, design mobility solutions and provide business services. Dearborn, Michigan-based Ford, which has already invested over $2 billion in India till date, will hire 3,000 people and bring in 9,000 from […]

INTERNATIONAL.  Nine out of 10 banking professionals surveyed at large U.S., European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture (NYSE: ACN). The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues. The report – Blockchain Technology: How banks are building a real-time global payment network – […]

The reality today is that most enterprise applications are well on their way to being cloud based. We’ve seen it with simple workloads such as HR and payroll, travel and expense management, and in the last decade we’ve seen the cloud as the new normal for customer relationship management (CRM) deployments. In fact, a recent Gartner report  predicts that the public cloud services market in the Mena […]

By Julia Fioretti | BRUSSELS BRUSSELS Britain’s privacy watchdog said on Monday that Facebook (FB.O) has agreed to suspend using data from UK users of its WhatsApp messaging app for advertisements or product-improvement purposes after the watchdog said consumers weren’t properly protected. The watchdog said the social media giant faces action if it uses such data without valid consent. The Information Commissioner’s Office (ICO) had said in […]

By ISABEL KERSHNER November 7, 2016 JERUSALEM — The two teenage cousins met after school, discussed the tensions surrounding the Aqsa Mosque and other issues angering the Palestinians. They decided to avenge their grievances with knives. The younger one, Ahmad Manasra, 13, took a decorative six-inch blade from a cupboard in his parents’ bedroom, according to newly released legal documents. Hassan Manasra, 15, armed himself with a large kitchen […]

Tech giant Oracle announced the completion of its deal to acquire cloud company NetSuite for $9.3 billion in cash today. Oracle said that enough NetSuite shares — 53 percent — had been tendered in favor of the vote as of midnight Friday. The completion of the deal caps off a dizzying few weeks of mergers and acquisitions activity in the enterprise tech sector. For example, semiconductor-maker Broadcom […]

Samsung discontinued its Galaxy Note 7 smartphone, which was prone to catching fire, last month. But the company’s safety problems have not ended: The manufacturer and a product safety regulator on Friday announced a recall for 2.8 million washing machines in the United States. The number of washing machines recalled, which includes 34 models of Samsung’s top-loading washers, exceeds the 1.9 million Galaxy Note smartphones that Samsung […]

Carnegie Mellon University plans to announce on Wednesday that it will create a research center that focuses on the ethics of artificial intelligence. The ethics center, called the K&L Gates Endowment for Ethics and Computational Technologies, is being established at a time of growing international concern about the impact of A.I. technologies. That has already led to an array of academic, governmental and private efforts to explore […]

By Naomi Tajitsu and Chang-Ran Kim | TOKYO TOKYO Toyota Motor Corp is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world’s top-selling automaker. Even as rivals such as Nissan Motor Co, Volkswagen AG and Tesla Motors have touted pure electric cars as the […]

By Catherine Cadell | BEIJING BEIJING A top Baidu Inc executive, widely seen as a potential successor to chief executive Robin Li, has resigned after an internal company probe found conflicts of interest involving another firm acquired by the Chinese search engine giant. Li Mingyuan, 32, known as the “prince” of Baidu within China’s tech community, stepped down following the investigation, according to an internal email seen […]

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