|By Arabian Post Staff|The coordinated militant attack on the eve of Eid is the biggest challenge yet to Saudi Arabia’s internal security since it crushed an al-Qaeda insurgency a decade ago, according to Bloomberg. With no claims of responsibility, suspicion has fallen on Islamic State, which has vowed to overthrow Gulf rulers they see as betraying Islam. One of the bombings on Monday, near the Prophet’s Mosque […]
BAGHDAD — As celebrations for the Muslim holy month of Ramadan stretched past midnight into Sunday in central Baghdad, where Iraqis had gathered to eat, shop and just be together, a minivan packed with explosives blew up and killed at least 143 people — the third mass slaughter across three countries in less than a week. The attack was the deadliest in Baghdad in years — at […]
|By Matein Khalid| David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on Friday, a 30 year low before the Plaza Accords. Britain has voted to […]
BERLIN/LAGOS When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online. Four years on, falling sales for sites like Jumia and slower growth from Nigeria to Russia and Brazil is casting doubt on Rocket Internet’s ambition to become the world’s biggest Internet company outside […]
The decision of British voters in last Thursday’s referendum to leave the European Union will have vast consequences for Britain, for Europe and for the world. For a day, the British people were the government, and by 52 per cent to 48 per cent, they took the decision to go. I was a British prime minister who believed completely that Britain’s future lay in Europe. I was […]
|By Arabian Post Staff| A fall in the value of UK pound will adversely affect the demand of Dubai property emanating from UK nationals. Additionally, the weaker currency is expected to adversely impact tourism as well, given that British and European national are one of the top tourists in Dubai, Global Ivestment House said In a report on the GCC impact of the Brexit decision. When the […]
ABU DHABI // Abu Dhabi and Dubai remain among the most expensive cities in the Middle East and the world, a global cost-of-living survey has revealed. This year, Dubai ranked the 21st most expensive city in the world, up from 23 last year, while the capital came in number 25, up from 33 last year. Hong Kong is the world’s most expensive city for expats, while the […]
It may seem like the number of hacking attempts increases every year, but the number of attacks originating from within the borders of at least one country have declined in the past year, according to a new study by network security firm FireEye. In its “Red Line Drawn: China Recalculates Its Use of Cyber Espionage,” report, FireEye said that the number of hacks coming from the Chinese […]
BAGHDAD — Long before Falluja was known the world over for deadly jihadists, it was known all over Iraq for its kebab — fatty lamb, ground and mixed with onion, grilled on a skewer over an open fire and served with a pinch of sumac — at a joint called Haji Hussein. Everyone, it seemed, ate at Haji Hussein: locals, soldiers, tourists and businessmen traveling the Baghdad-to-Amman […]
|By Matein Khalid| Sterling sell off in the world currency markets and the sheer populist appeal of Boris Johnson suggests the world should not rule out a geopolitical shock that will unnerve financial markets and lead to the mother of all rate cuts at the Bank of England. If Britain votes to leave the EU, the only currency I want to own is the Swiss franc and gold, […]
Adobe’s Flash browser plug-in has been suffering a slow death by a thousand cuts, and today it learned of yet another. A blog post by a member of Apple’s Safari development team has revealed that the version of Safari due out this fall — Safari 10, set to ship with macOS Sierra — will arrive on users’ Macs with Flash deactivated by default. The aging and vulnerable […]
The macaw has a brain the size of an unshelled walnut, while the macaque monkey has a brain about the size of a lemon. Nevertheless, the macaw has more neurons in its forebrain — the portion of the brain associated with intelligent behavior — than the macaque. That is one of the surprising results of the first study to systematically measure the number of neurons in the […]
Reuters/Kacper Pempel/files SAN FRANCISCO Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. The service will be offered at $9.99 per month, in line with major rivals, and it will offer a competitive catalog of songs, the sources said. Amazon […]
BEIRUT, Lebanon — Relief trucks delivered food aid for the first time in four years to Daraya, the rebel-held Syrian town just outside of Damascus that has come to symbolize civilian suffering in the war, the United Nations said Friday. But even as the relief convoy’s success was announced by the World Food Program, the United Nations anti-hunger agency, residents of Daraya were reporting that Syrian military […]
Fallujah: Iraq’s elite counterterrorism service moved to within three kilometres of central Fallujah on Friday and consolidated positions in the south of the city, the operation’s commander said. Speaking from the edge of the city’s Shuhada neighbourhood, Lieutenant General Abdul Wahab Al Saadi said the operation to retake one of Daesh’s most emblematic bastions was progressing well. […]
Last bastion of financial system pays salaries on both sides of civil war as governor maintains ‘economic traduce’ Yemeni locals and secruity guards are pictured outside the Central Bank of Yemen in the capital Sana’a. Dubai: As civil war engulfs Yemen, the central bank is so committed to staying neutral that it pays salaries of soldiers on both sides. The bank […]
|By Matein Khalid|Dr. Mervyn King broke with tradition by publishing his book “The End of Alchemy: money, banking and the future of the global economy”. After all, retired governors of the Bank of England do not, as a rule, do not write/publish books, let alone write books that lambast the City of London’s culture of greed and hubris. It is no coincidence that Dr. King quotes T.S. […]
INTERNATIONAL. A sense of disappointment permeated through the global markets during trading on Monday following last week’s shocking NFP result of 38k that discounted expectations over the Fed raising US rates in Q2. With the number of jobs created falling to its lowest level since 2007, the Dollar was left vulnerable as concerns elevated over a potential economic slowdown in the States. Although the headline unemployment rate […]
AMIRIYAT FALLUJA, Iraq — One of the Iraqi civilians who risked an escape from the sprawling battle for Falluja made it as far as the Euphrates River. He was there for all to see on Sunday morning: His body, tied to the side of a boat, bobbed in the muddy waters next to a rickety bridge that separates Baghdad from the violence of Anbar Province. “Sheikh, sheikh, […]
DUBAI // Specially trained teams should be available around the clock to investigate clinical findings by doctors and nurses who report suspected cases of child abuse. The new legislation to protect children’s rights that is due to become law in two weeks will make medical staff more confident about speaking out, but their reports must be thoroughly checked by professionals trained to identify abuse, doctors said. “My […]
WASHINGTON — An exhausted and ill-equipped Iraqi Army faces daunting obstacles on the battlefield that will most likely delay for months a long-planned major offensive on the Islamic State stronghold of Mosul, American and allied officials say. The delay is expected despite American efforts to keep Iraq’s creaky war machine on track. Although President Obama vowed to end the United States’ role in the war in Iraq, […]
Iran’s top leader said Friday that trusting or cooperating with the United States would be a big mistake, an assertion that seemed to rule out any greater collaboration despite the nuclear deal reached nearly a year ago. The statement by the leader, Ayatollah Ali Khamenei, made in a nationally televised speech, was the latest in a series of signals that Iran’s senior leadership was not likely to […]
A lawsuit filed last week in U.S. District Court in California has alleged that Apple, Broadcom and Avago Technologies, a Broadcom subsidiary, have infringed on several Wi-Fi-related patents held by the California Institute of Technology (Caltech). Filed Thursday in the Central District of California, the complaint claimed that the companies are wrongfully using intellectual property protected by four U.S. patents awarded to Caltech between 2006 and 2012. […]
