|Arabian Post Research|The Middle East geopolitics is set to enter a new flashpoint over the US legislation that will ultimately allow families of the victims of 9/11 to sue Saudi Arabian for responsibility for the terrorist attack. Both the US House of Representatives and Senate have passed a bill to this effect unopposed, but President Barack Obama is expected to veto the legislation, although Congress could override […]
|By Matein Khalid|I had written a column two weeks ago outlining my view that US equities faced a dangerous autumn and the S&P 500 index was set for a fall of 150 points. However, even I did not expect the S&P500 index to fall 52 points on Friday (the Dow dropped 394 points and NASDAQ 133 points), its worst performance since the Brexit shock. It was even […]
|By Luzi-Ann Javier| Central bankers are putting gold investors and traders on the defensive. More than 2,500 lots exchanged hands Friday for a put option giving owners the right to sell October futures at $1,300 an ounce, making it the most-traded option for the second straight day. The most active contract on the Comex slipped as much as 0.6 percent to $1,334.10. Holdings in exchange-traded funds backed by […]
/By MAYA KOSOFF/Vanity Fair/Apple, which reportedly spends more than a billion dollars a year to outsource its cloud infrastructure to Amazon, Google, and Microsoft, is working on a secret project to ditch its competitors. The internal initiative, code-named “McQueen”— yes, like that Steve McQueen—is Apple’s attempt to break its reliance on other cloud providers by creating its own platform,Re/code reports. Sources said Apple could break even on […]
DUBAI // Car dashboard cameras can play a key role in gathering evidence after an accident and help to prevent crashes, experts say. Open-Eye Security Systems and Installation has joined forces with Dubai Police to launch the region’s first registry of car owners with such cameras. That will allow them to show video footage to the authorities should accidents occur. Thomas Edelmann, Road Safety UAE’s founder, said […]
|By Arabian Post Staff| There is a growing digital divide between those wealth managers who offer engaging and client-friendly websites that are continually updated and improved, and those who are lacking in a number of key areas. The quality of the websites of the latter group is, at best, stagnating, and mobile websites in particular remain a weakness. These are the key findings of the new report […]
SAUDI ARABIA. Saudi Arabia’s non-oil private sector continued on its upward trajectory in August, with business conditions improving to the greatest extent in a year. Output and new business remained the key growth drivers – both rose sharply and more quickly than in July. Employment and input stocks also increased, with a number of companies looking to expand capacity in line with rising workloads. Meanwhile, price pressures […]
UAE. Change is the new normal for the global health care sector, according to Deloitte’s recent report entitled “2016 Global health care sector outlook – Battling costs while improving care”. As providers, payers, governments, and other stakeholders strive to deliver effective, efficient, and equitable care, they do so in an ecosystem that is undergoing a dramatic and fundamental shift in business, clinical, and operating models. This shift is […]
By Adam Jourdan and Paul Carsten | SHANGHAI/BEIJING SHANGHAI/BEIJING Judging by the volume of online chatter, there’s a lot less buzz in China ahead of this week’s expected launch of the new Apple Inc iPhone, and people on the street say they’re more likely to “wait and see” what the latest device offers than rush out to buy. Posts on China’s popular Sina Weibo microblogging site show […]
MasterCard Inc said on Tuesday it had expanded its deal with payment processor PayPal Holdings Inc, which would allow customers to use PayPal’s payment services in stores. PayPal’s partnership follows a similar deal with MasterCard’s larger rival Visa Inc in July as the company looks to expand its payments network. PayPal will allow users to select a credit or debit card as the default payment method and […]
/By Arabian Post Staff/The UAE moved a step closer to a federal bankruptcy law when the country’s Cabinet approved the final draft of the new law. The law, which will help companies facing financial difficulties to restructure and avoid arbitrary liquidation and criminal proceedings by the state. Companies and individuals are now able to restructure their debt while avoiding bankruptcy liquidation. The law contributes to strengthening the […]
/by Arabian Post Staff/The global growth of asset management stalled as the industry in 2015 recorded its worst year since the 2008 financial crisis, according to a report by The Boston Consulting Group (BCG). Growth in assets under management (AuM) stalled—or in the case of the Middle East declined 10%—and net new flows of assets, revenue growth, and revenue margins all dipped lower in 2015, according to […]
Any Dropbox users who haven’t updated their passwords over the past four years should do so immediately because more than 68 million records from Dropbox accounts hacked in 2012 have now appeared online, the file sharing and online storage company said. First reported by Motherboard yesterday, the Dropbox files showing up online included both user email addresses and hashed passwords. The information appears to have stemmed from […]
BRUSSELS The European Commission rejected on Thursday Apple’s criticism that an EU order to the company to pay back taxes to Ireland was political, noting the calculations were based on facts and Apple’s own data. In an interview with the Irish Independent, Apple Chief Executive Tim Cook on Thursday described the EU’s imposition of a 13 billion euro ($14.5 billion) back tax bill as “total political crap” […]
/By Matien Khalid/I have been bullish on emerging market debt as an asset class since last autumn. Even though the Chinese yuan devaluation was toxic, this asset class is up 12% in 2016, thanks to almost $5 billion in cash inflows. The tax amnesty in Indonesia, the political changes in Brazil after President Dilma’s impeachment, the election of a center-right pro-business government and $16 billion sovereign debt […]
James Cook University, University of Sydney and Queensland University of Technology scientists working with laser data from the Royal Australian Navy have discovered a vast reef behind the familiar Great Barrier Reef. JCU’s Dr Robin Beaman says the high-resolution seafloor data provided by LiDAR-equipped aircraft have revealed great fields of unusual donut-shaped circular mounds, each 200-300 metres across and up to 10 metres deep at the centre. […]
Using the world’s most powerful telescopes, an international team of astronomers has found a massive galaxy that consists almost entirely of dark matter. The galaxy, Dragonfly 44, is located in the nearby Coma constellation and had been overlooked until last year because of its unusual composition: It is a diffuse “blob” about the size of the Milky Way, but with far fewer stars. “Very soon after its […]
By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber’s rivals in other markets had a slim chance […]
In-depth review charts the scientific understanding of rainbows and highlights the many practical applications of this fascinating interaction between light, liquid and gas. There’s more to rainbows than meets the eye. Knowledge gained from studying these multicoloured arcs of scattered light can be incredibly useful in ways that may not immediately spring to mind. Rainbow effects can warn of chemical contamination in the atmosphere, help to develop […]
In a paper presented today at the Association for Computing Machinery’s special interest group on data communication (SIGCOMM) conference in Florianópolis, Brazil, a team of computer science researchers at the University of Massachusetts Amherst led by professor Deepak Ganesan introduced a new radio technology that allows small mobile devices to take advantage of battery power in larger devices nearby for communication. Ganesan and his graduate students in […]
Two years after being acquired by Facebook, the messaging service WhatsApp said it will coordinate more with its parent company to make it easier for businesses to communicate with its users. However, WhatsApp said it’s rolling out those changes in a way that doesn’t expose users to third-party banner ads and spam. WhatsApp revealed the coming changes in a blog post today centered around updating its terms […]
By Ben Gruber | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. NASA scientists are putting the finishing touches on a spacecraft designed to rendezvous with Asteroid Bennu in 2018 to find clues about the origins of life. “We are days away from encapsulating into our rocket faring and lifting this spacecraft on to the Atlas V vehicle and beginning the journey to Bennu and back,” Dante Lauretta, the […]
T-Mobile and Sprint began yet another duel yesterday by unveiling rival wireless plans with unlimited data usage. Their announcements came just one day after AT&T unveiled new wireless service plans it said will eliminate data overage charges for customers. Starting at $70 per month for one line, the new T-Mobile One plan comes with several caveats, including slower data speeds after customers exceed 26 GB in a […]
By Eveline Danubrata and Glenys Kirana | JAKARTA JAKARTA Asian fans of smartphone game Pokemon Go are hunting out the best telecom providers and network gear to overcome the hurdle posed by patchy network signals in their race to capture virtual cartoon characters. From Indonesia to Hong Kong and Cambodia, the wild popularity of Nintendo’s (7974.T) augmented reality app is also driving lifestyle changes for many gamers, […]
