WASHINGTON For artificial intelligence and smart machines to really take off, computers are going to have to be able to think more like people, according to experts in the field. Researchers are now making important progress toward that goal. Scientists said on Thursday they had created a computer model, or algorithm, that captures the unique human ability to grasp new concepts from a single example in a […]
|By Arabian Post Staff| Dubai-based Landmark Group said it was pulling Donald Trump products off its shelves in response to the Republican presidential front-runner’s call for a ban on Muslims entering the United States. Landmark and DT Home Marks International LLC have an exclusive deal to sell Trump Home products – including lighting, mirrors, and jewellery boxes – in their Lifestyle department stores in Kuwait, the UAE, […]
INDIA IS NOT MAKING ENOUGH FOR ITSELF
By Nantoo Banerjee
Notwithstanding the GDP growth projection of 7.5 per cent for the current fiscal, India’s $350-billion export manufacturing is fast shrinking. The export downtrend continued for 11 months in a row toll October. There is no immediate sign of improvement. Making in India does not seem to make much sense at least for Indian exporters at this moment. With export orders shrunk and prices falling in the global market, India’s export manufacturers are in a quandary. The loss of exports during this financial year could be close to $80-90billion. The export earnings could at best reach $270 billion. This could mean a massive loss of production and jobs in the export sector. The country would be lucky if it ends 2015-16 with a 20 per cent loss of export earnings compared to the last year.
Unfortunately, around 4
OPEC has seemingly dropped any attempt at trying to fulfill its founding mission and manage the global oil market. For Saudi Arabia’s Ali al-Naimi, the most powerful and longest-serving of the group’s oil ministers, it may have seemed like history was repeating itself. There are several striking parallels between the Organization of Petroleum Exporting Countries’ current situation and the period from 1997 to 1999, when the group lost […]
|By Arabian Post Staff| The UAE’s growth in new business was the weakest since April 2012, according to the purchase manager’s index (PMI) data for November. Companies also saw their pricing power diminish while input costs rose further. But competitive pressures meant that charges fell regardless. The UAE’s non-oil private sector expansion strengthened in November, having eased to a two-and-a-half year low during October. Business conditions improved […]
|By Alaa Alghamdi| Tragedies in Mecca recently were shocking and devastating to witness, for everyone in the world, and most particularly for us in Saudi Arabia. This stronghold of our traditions and faith, during which we host the world in allowing access to our most sacred places, has a unique and central spot in the hearts of our people. Over the years it has been marred by […]
|By Arabian Post Staff| Opec’s ability to control the oil market suffered its worst debacle when the organization failed to agree on a ceiling for production. This meant that Saudi Arabia prevailed over other members to continue the policy of excess production as to force non-OPEC players, such as the US and Russia, out of the market by making their output uneconomical. “Lots of people said that […]
Docker support. OpFlex backing. A stronger focus on layer 4-7 service. These are among the upgrades Cisco is rolling out with the new software release for its Application Centric Infrastructure, or ACI. Cisco’s bigger picture goal is to improve its Software Defined Networking (SDN) portfolio built on open APIs, open standards and a flexible ecosystem. The move could appease some Cisco critics that have accused the firm […]
|By Arabian Post Staff|Analysts are consistently arguing in favour of a pickup in Dubai’s economic prospects in the wake of a possible boost in trade with Iran following the lifting of sanctions. Low oil price, which cast a shadow over the Gulf’s oil economies, has also affected Dubai, with its real estate sector, a key determinant of the emirate’s economic performance, showing signs of a clear slowdown. […]
In a move to help more companies adopt hybrid cloud infrastructures, IBM is beefing up its Direct Link service that allows customers to set up dedicated network connections from their IT infrastructures to the SoftLayer private network and cloud services. Big Blue just inked new collaboration deals with a number of new partners, including Equinix, Verizon and Digital Realty. IBM is focusing on the bigger picture: Organizations […]
|By Arabian Post Staff| Emirates and Malaysian Airlines agreed a huge code-share deal, allowing the airlines to sell tickets to more long-haul destinations. The accord covers more than 90 locations in the U.S., Europe, the Middle East and Africa served via Emirates’s Gulf hub, according to the airline, which will sever 10 code-share agreements with existing partners and drop its own direct flights to Paris and Amsterdam next […]
Gold prices rebounded off five-year lows on Monday as some investors rushed to grab a bargain while others closed out bets on weaker prices to lock in gains on the recent slide. The most actively traded gold-futures contract, for February delivery, was recently up $6.10, or 0.6%, at $1,062.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices slid to $1,056.20 an […]
Saudi Arabian banks are feeling the squeeze from falling oil prices. The rate at which banks in the biggest Arab economy lend overnight to each other jumped the most in seven years in November, the fifth straight month of increases, following a slump in deposits the previous month that forced lenders to seek more funds from each other. “The drop in deposits in October, in absolute amount, […]
Chinese electronic toymaker (pictured: VTech Tote ‘n Go Laptop) VTech, has been hacked, revealing the information of 5 million customers. The database of the company’s Learning Lodge app store, which allows customers to download apps, e-books and learning games, was breached on November 14 HKT (Hong Kong Time). The hack was discovered on November 24 and customers were notified on November 27. The customer database holds a […]
|By Lawrence Williams| Let’s face it, the gold price seems to bear little correlation to global physical metal demand. In the face of reducing supply (low gold prices keep scrap sales depressed, new mined gold supply is plateauing and beginning to fall and sales out of the big gold ETFs this year are a fraction of those seen back in 2013) and increasing demand – China, India […]
|By Arabian Post Staff| The price of gold futures hit their lowest levels since October 2009, below what Goldman called a crucial level and at current prices half of the gold coming from mines may not be viable, industry sources warned. “The more we continue to produce unprofitable gold, the more pressure we put on the gold price,” said Randgold Resources Ltd. Chief Executive Officer Mark Bristow. […]
|By Arabian Post Staff| It is a double whammy for gold this Thursday. The metal was trading near its lowest in nearly six years while Reuters reported from Mumbai that third-quarter gold buying in India, the world’s biggest consumer, is likely to fall to the lowest level in eight years. Gold is hurt by poor investment demand as the dollar held at multi-month highs after U.S. economic […]
Starwood Hotels & Resorts Worldwide Inc. is the latest known hotel target of cyber attackers. The company on Friday announced that hackers had injected malware into point of sale systems at some of its hotels in North America. That malware ultimately made it possible for unauthorized parties to tap into the payment card data of some hotel guests. Starwood, which operates brands including Four Points by Sheraton, […]
Kevin Collier/dailydot/Hacktivists operating under the Anonymous banner say they’ve gotten more than 5,000 Twitter accounts affiliated with the Islamic State knocked off the site since Friday. We report that more than 5500 Twitter account of #ISIS are now #down! #OpParis #Anonymous #ExpectUs — #OpParis (@opparisofficial) November 17, 2015 Anonymous’s anti-ISIS campaign is part of a broad attempt to make using the Internet harder for members of the terrorist group […]
|By Arabian Staff| Loan defaults and business owners fleeing the country leaving behind huge debts are becoming a routine affair in Dubai and other parts of the UAE, observers point out. According to EmiratesNBD, an increasing number of SME owners are being forced to flee and somewhat draws a parallel with the situation in the aftermath of the 2009 financial crisis. The problems of a slowing economy […]
In the wake of the ISIS terror attacks in Paris, many technology companies are looking ahead and preparing for the worst. Disaster recovery is a new focus for some, while others have had their eye on the target for much longer. IBM, for example, announced a contest today that gives developers access to its cloud to encourage disaster response-related app development. Just days after Friday evening’s attacks […]
|By Arabian Post Staff| The latest appendix to the Ericsson Mobility Report for the Middle East and North East Africa reveals that mobile data traffic will experience 16 times growth by 2021. This massive growth will be driven by availability of affordable smartphones, coupled with availability of mobile broadband networks in highly populated countries, increased number of subscribers moving to faster networks and growth of the video […]
CEO Satya Nadella (pictured) today revealed Microsoft‘s plans to enhance enterprise security and help its customers have stronger protection for what he referred to as the “mobile-first, cloud-first world.” Addressing the Microsoft Government Cloud Forum in Washington, D.C., Nadella said that Microsoft already invests $1 billion in security research and development each year, but despite that the company is creating a new Cyber Defense Operations Center. Nadella […]
|By Arabian Post Staff| The United Arab Emirates may cut government spending as a result of the slump in oil prices, Central Bank Governor Mubarak Rashed Al Mansoori indicated. The decline in the government’s oil revenue “may trigger further fiscal consolidation, albeit at a gradual pace, to preserve priority spending in support of non-oil growth,” Al Mansoori said at a conference in Dubai on Monday. Oil accounted […]
