|By Matein Khalid| I had written an article titled “six reasons to be bullish Saudi equities in 2018, published in the KT on January 28. Yet I was surprised to see Saudi Arabian equities become the world’s second best performing stock market in 2018 after Egypt. The Saudi equity index fund (KSA) I recommended in my column is up 18% at a time when the MSCI emerging markets […]
By James M. Dorsey Stepped up Saudi efforts to forge close diplomatic, economic and cultural ties to Shia-majority Iraq in a bid to counter significant Iranian influence in the country appear to be paying off. The Saudi initiative demonstrates the kingdom’s ability to engage rather than exclusively pursue a muscular, assertive and confrontational policy towards the Islamic republic and its perceived allies. It raises the question whether […]
|By Arabian Post Staff| Abu Dhabi Commercial Bank reported net profit of AED 3.206 billion for the nine month period ended 30 September 2017. The figure was 2% higher than the the previous level. Total net interest income and Islamic financing income of AED 4.983 billion was up 8% while operating income of AED 6.585 billion was up 4%, and operating expenses of AED 2.147 billion was […]
|By Matein Khalid| Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus J.P. Morgan did not mince his words. He called Bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the seventeenth century and declared he would fire any trader at his bank trading in the cryptocurrency “in a second” for “stupidity”. This has only reinforced the […]
|By Arabian Post Staff| Xanadu Real Estate Development, a Dubai-based property developer, announced the delivery of nearly 200 luxury villas and townhouses with a development value exceeding Dh750 million, part of the Dh8 billion worth of projects it helped deliver with its partners over the last six years. These include 130 Townhouses at Jumeirah Village Circle, worth Dh300 million and 68 luxury villas at Jumeirah Golf Estates, […]
By Stephanie van den Berg | AMSTERDAM AMSTERDAM The World Court ordered Pakistan on Thursday not to execute Indian citizen Kulbhushan Sudhir Jadhav, convicted of spying, until it hears a case brought by India arguing that Islamabad violated a treaty guaranteeing diplomatic assistance to foreigners accused of crimes. The court, formally known as the International Court of Justice (ICJ), is the top United Nations legal body for […]
A recent poll put Mr. Raisi in second place in the race for the presidency, with 27 percent of the projected vote. The same poll, by the Iranian Students Polling Agency, projected that the incumbent president, Hassan Rouhani, will get around 42 percent, depending on the turnout on Friday. Continue reading the main story On Monday, though, the second-most-popular conservative in the race, Mohammad Bagher Ghalibaf, the […]
PHNOM PENH Hundreds of people gathered at one of Cambodia’s most notorious “Killing Fields” on Thursday to remember victims of the Khmer Rouge genocide of at least 1.8 million Cambodians in the 1970s. Most of the victims died of starvation, torture, exhaustion or disease in labour camps or were bludgeoned to death during mass executions. At Choeung Ek, some 15 km (9 miles) from the Cambodian capital, […]
We all know — or, well, we should all know — how to block malware attacks. You don’t install unknown applications. You don’t open dodgy email attachments. And you don’t download files from strange websites. But then, there’s WannaCrypt, aka WannaCry. It starts by infecting you the old-fashioned way, but once it makes it on your network, it uses an out-of-date version of Windows’ Server Message Block […]
Members for presentation of Dawn Leaks report Zahid Chaudhary Islamabad The National Assembly on Tuesday rejected the Panama Papers Inquiries Bill 2016 tabled by the opposition.Minister for Law Zahid Hamid strongly opposed the bill saying there is no need for such proceedings as the Supreme Court has already given its judgment on the matter.He maintained that the bill, framed by the opposition, is discriminatory in nature and […]
By Parisa Hafezi | ANKARA ANKARA Iranians vote for president on Friday in a contest likely to determine whether Tehran’s re-engagement with the world stalls or quickens, although whatever the outcome no change is expected to its revolutionary system of conservative clerical rule. Seeking a second term, pragmatist President Hassan Rouhani, 68, remains the narrow favourite, but hardline rivals have hammered him over his failure to boost […]
Dubai, 16 May 2017 At ICM Capital LTD, we’re committed to helping our clients transform the way they trade. We know that simply being good for ICM Capital is not enough. We must also be good for our partners and the communities in which we live and work. We’re in a great position to make sure that we set an example in our world of trading. As […]
Martin Draper, technology director at luxury retailer Liberty, says his big priority for 2017 is business intelligence. The firm gathers information from various sources and Draper wants to create a data-driven strategy that helps executives at the firm make smarter decisions quickly and effectively. He joined the world-famous retailer in March last year, having completed a 13-year IT leadership stint at Harrods. Throughout his career, Draper has […]
In one episode from the series, a Yazidi slave is sent to clean an Islamic State fighter’s room, where his bored wife asks if the woman is hungry or would like to watch a movie. The captive woman is outraged. Video Scene From ‘Black Crows’: The Women of ISIS A Yazidi slave kept prisoner by an Islamic State fighter confronts his wife in a scene from “Black […]
Fully-fledged services included pre-building design development, construction and transportation Abu Dhabi, UAE 15May 2017 GAC Abu Dhabi has completed the preparation, construction and relocation of a logistics base dedicated to supporting Paragon Offshore’s operations. The global drilling services provider entrusted the handling of the entire project to establish the new base to GAC. That included: designing the plot and layout of the base; obtaining all necessary approvals […]
Photo The Sednaya Prison complex outside Damascus, Syria. Credit Amensty International/Forensic Architecture WASHINGTON — The State Department released satellite images on Monday that officials said showed that President Bashar al-Assad of Syria has built a crematory at a military prison outside Damascus to hide a large number of executions. Stuart E. Jones, the acting assistant secretary of state for Near Eastern Affairs, said officials believed that the […]
Romero Rodrigues Contributor Romero Rodrigues is a managing partner at Redpoint eVentures, the Brazilian-focused arm of the Silicon Valley venture firm Redpoint. More posts by this contributor: Fintech is booming around the world. Global investments in fintech companies have continued to rise during the last two years. After international financing for fintech startups hit $19 billion in new funding rounds at the end of 2015, the volume […]
But conservatives have targeted Mr. Rouhani for what they regard as his softness toward the United States and tolerance of Western culture. They also have sharply criticized him for what they call his misleading prediction that the nuclear agreement would herald an economic boom in Iran, where joblessness remains pervasive and the economy is the most pressing campaign issue. Still, Mr. Rouhani is considered the front-runner. Photo […]
By Parisa Hafezi | ANKARA ANKARA President Hassan Rouhani will defend his efforts to open up Iran to the world on Friday in a final televised debate against the hardline challengers who aim to topple him in an increasingly acrimonious election next week. Rouhani, swept into office in a landslide four years ago on promises to reduce Iran’s international isolation, is seeking a second term after negotiating […]
Manama Bahrain, 11th May 2017 Bahrain Cinema Company, market leaders in the entertainment industry in the Kingdom of Bahrain, announced the launch of the second branch of the authentic Indian and Chinese cuisine restaurant, Takatak, along with a first of its kind Indian street food cuisine restaurant, Chaat & Chai, at Lulu Mall, Hidd on 11th May 2017. A number of exclusively invited VIPs attended the launch […]
By John McCrank | NEW YORK NEW YORK Goldman Sachs Group Inc (GS.N) will launch a new private stock-trading venue, known as a “dark pool,” on Friday, that is run by exchange operator Nasdaq Inc (NDAQ.O), according to a note to clients obtained by Reuters. Goldman has been refreshing its trading technology to become more competitive in its electronic stock execution business, and hired Nasdaq last year […]
BEIRUT Iran’s Supreme Leader Ayatollah Ali Khamenei warned on Wednesday that any attempts to disrupt the presidential election on May 19 would be dealt with harshly. The vote has shaped up to be primarily a contest between incumbent president Hassan Rouhani, a pragmatist who has campaigned on a platform of opening up the country to the West and easing social restrictions, and hardline rival Ebrahim Raisi, who […]
Adobe has patched a number of vulnerabilities in Flash Player and Adobe Experience Manager (AEM) Forms in the company’s latest round of patch updates. According to the tech giant’s latest security advisory, seven critical issues (CVE-2017-3068, CVE-2017-3069, CVE-2017-3070, CVE-2017-3072, CVE-2017-3073, CVE-2017-3074) have now been resolved in Flash. Six of the bugs are memory corruption issues and the seventh problem (CVE-2017-3071) is a use-after-free vulnerability. All of the […]
Deloitte has announced that it has acquired Strut Digital, a Sydney-based professional and managed services firm, to fill the DevOps gap in its cloud implementation service. Kevin Russo, lead partner in Deloitte’s Technology, Strategy, and Architecture division, told ZDNet that Strut was the next logical acquisition for Deloitte, complementing the purchases of Plenary Networks, Sixtree, and Cloud Solutions Group over the last couple of years. He added […]
