Amid his display cases of gold coins and jewellery, Suresh Jain was in bullish spirits as he considered Indian households’ traditionally strong demand for the precious metal. “There is no change,” said the 55-year-old owner of BJ Jain Jewellers, in Mumbai’s Zaveri gold bazaar. “Gold is a need of the people. It is not a luxury item; it is essential.” Indian prime minister Narendra Modi is putting […]
|By Matein Khalid| Donald Trump’s shock win will have a profound impact on the GCC economic constellation via multiple feedback loops. His economic policies mean a much higher US dollar, anathema to GCC economies since it correlates with stock/property market crashes, banking stress and oil slumps. This is the macroeconomic linkage due to the GCC US dollar peg whose lessons the region learnt the hard way in […]
By Elias Glenn and Kevin Yao | BEIJING BEIJING China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook. Fixed-asset investment quickened slightly and beat expectations in January-October as the government stepped up infrastructure spending to support growth, official data showed on Monday. But […]
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 […]
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 […]
UAE. Low natural gas and electricity prices have created a tough competitive environment for renewable energy, but this has remarkably had little impact on the momentum of alternative energy growth, finds a new Deloitte report entitled, “Alternative Thinking 2016: Five game-changers that are powering the future of renewable energy.” The report identifies the important trends and opportunities in the renewable energy industry. It also presents “what if” […]
The next flagship phone from Samsung, the Galaxy S8, is expected to arrive early next year with a major new feature: a built-in intelligent digital assistant. The artificial intelligence will be made possible by Samsung’s acquisition of Viv Labs, which was announced last month. Founded by two of the creators of Siri, Apple’s signature digital assistant, Viv Labs said its technology represents a “new paradigm” for how […]
Alphabet Inc (NASDAQ:GOOGL) subsidiary Google has revised its search engine rules so that it can prioritize mobile searches. Google has launched an initiative called “mobile first” whose aim is to rank websites based on whether they are mobile-friendly. However, it does not mean that support for desktop sites will be thrown out the window. Google will still support desktop orientation but it plans to shift towards a […]
|By Arabian Post Staff| GE marked a new milestone in its operational presence in Kuwait with the opening of the GE Kuwait Technology Center (GEKTC), a flagship facility that will foster localized research, provide hands-on training and build an innovation ecosystem specifically for the power sector. Approved by the Kuwait Direct Investment Promotion Authority (KDIPA) for a Foreign Investment License last year, the 6,000 sq meter GEKTC, […]
|By Matein Khalid| The Algiers pact was a game changer in the international oil markets. Crude oil prices have risen to three month highs above $50 Brent after OPEC agreed to cut output to the 32.5 – 33 MBD range, with the symbolic Saudi-Iranian deal reinforced by a sharp drop in US inventories and Hurricane Matthew’s havoc in the Caribbean. Unfortunately for OPEC, the US land rig […]
6-7 February 2017 Advanced Conferences & Meetings (ACM) is launching Future Landscape & Public Realm UAE conference in its third successful edition, on 6-7 February 2017 in Abu Dhabi. This focused conference will once again provide a unique platform for business professionals to discuss the latest challenges and opportunities covering the landscape and public realm industry in Abu Dhabi and the wider UAE, bringing together a broad […]
Fourteen months after Microsoft released Windows 10, its “last” Windows version ever, the company said the new operating system is now running on more than 400 million devices around the world. That’s an increase of more than 50 million since Microsoft last updated its usage figures earlier this year. Calling the OS “the most secure Windows,” Yusuf Mehdi, corporate vice president of Microsoft’s Windows and Devices Group, […]
|By Arabian Post Staff| Dubai-based Shaikhani Group announced a major foray in Dubai’s property market with 11 real estate projects with a collective value exceeding Dh3.5 billion (US$950 million) that are in various stages of development. Shaikhani Group’s 11 projects will deliver 2,100 residential and commercial units in Dubai Sports City, Jumeirah Village Circle and Dubai Silicon Oasis. Of these, the company is at an advanced stage of […]
UAE. Asteco, the Middle East’s largest full service real estate company has released a special Cityscape report on the current status of the UAE real estate market revealing a general slowdown in all emirates, but highlighting marked differences between Abu Dhabi and Dubai. Dubai experienced a slow first six months, but for different reasons, with developers slowing the pace of project completions and handovers due to the […]
By Charlotte Greenfield | WELLINGTON WELLINGTON An appeal by flamboyant German tech entrepreneur Kim Dotcom over a decision to extradite him to the United States began in New Zealand on Monday, with the Megaupload founder’s legal team arguing the hearing should be livestreamed on YouTube. The High Court hearing opened in Auckland nine months after a lower court ruled Dotcom could be sent to the United States […]
Set to arrive on September 30, iOS 10, the latest update of Apple’s mobile operating system, will offer a number of new features, including a redesigned lock screen, a more intelligent Siri digital assistant and new looks for other apps. One improvement to Siri will be especially welcome for at least one famous iPhone user: Barbra Streisand. In an interview over the weekend, the singer told NPR […]
With the clock ticking toward Apple’s scheduled fall release of the iPhone 7, iOS 10, macOS Sierra and more, the rumor mill about new products and changes by the company is switching into high gear. Several outlets are reporting leaked images purporting to show the iPhone 7 Plus in new colors, including black and rose gold. There are also reports that Apple is in talks that could […]
Apparently, Google is working on a new operating system called Fuchsia but not much is known about it. Early evidence indicates that the new operating system might be a catchall OS that can run on computers, mobile devices and even Internet of Things devices. So far, Fuchsia consists of some work on Google’s code repository and on the GitHub code-sharing Web site. News of the new OS […]
A man uses a mobile phone in front of an advertisement board bearing the image of Pokemon Go at an electronic shop in Tokyo, Japan, July 27, 2016. Reuters/Kim Kyung-Hoon/File Photo SAN FRANCISCO Top video game companies, caught off-guard by the runaway success of Pokemon Go, are wrestling with how to play catch-up to the augmented reality app that has become a worldwide phenomenon. Nearly a dozen […]
SAUDI ARABIA. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports assessing the latest trends in the office, residential, retail and hotel sectors. With Saudi Vision 2030 pivotal to the diversification and restructuring of the economy in lieu of decreasing oil prices, this report highlights that both Riyadh and Jeddah continue to maintain […]
Well that didn’t take long. Just two years after its debut as a standalone app, Facebook is reporting that Messenger has reached more than 1 billion active monthly users. That’s in addition to the more than 1 billion users on WhatsApp, the company’s other popular messaging app. Facebook’s main app, with 1.5 billion active monthly active users, is believed to be the single most popular iOS app […]
UAE. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Dubai Real Estate Q2 Overview report that evaluates the impact of Britain’s exit from the European Union on the Dubai Real Estate Market across office, residential, retail and hotel sectors. Dubai caters to the most open real estate market within the region and as a result is more susceptible to […]
ABU DHABI // Pet owners are being advised to keep an eye on their cats and to get them microchipped after claims that a number of animals have been mistaken for strays and rounded up by pest-control services. Warnings have been issued by animal welfare groups in Dubai and Abu Dhabi. In the capital owners have desperately been calling around more than 70 pest controllers to try […]
Typing PIN numbers and passwords into a smartwatch or similar wearable can leave you vulnerable to hackers, according to researchers from Binghamton University and the Stevens Institute of Technology. The researchers found that it’s possible for attackers to figure out secret access codes by tracking and measuring “fine-grained” hand movements used when inputting security information into wearable devices. In 5,000 key-entry tests for three different security systems […]
