By Catherine Cadell | SHENZHEN, China SHENZHEN, China Alibaba Group Holding Ltd (BABA.N) Singles’ Day festival posted a record 120.7 billion yuan ($17.73 billion) worth of sales on Friday, though the gala shopping day saw growth slow as Chinese shoppers searched for deeper discounts and lower pricetags. Amid fanfare and celebrity razzmatazz, sales on Alibaba’s platforms had raced to a billion dollars in less than five minutes […]
DUBAI // About 2,300 children from 30 countries – including 900 youngsters from the emirates – took part in a mental arithmetic challenge on Friday at Hamdan Sports Complex in Dubai. The UCMAS International and 13th National Abacus and Mental Arithmetic Competition was the first time the competition was held in the Middle East, demanding all sorts of mental gymnastics from children as young as four. Universal […]
What the heck is a Haval? I can already hear you asking the question before I have even begun my spiel. I don’t blame you, because the marque was a mystery to me, too, before testing the H8 Luxury. I had barely laid eyes on a Haval, much less driven one. So let’s establish its credentials before going any further. Haval was created in 2006 as a […]
Donald Trump has appointed Mike Pence, his running mate, to head his transition team as he prepares to start naming people to fill top posts in his administration. Mr Trump also appointed four members of his family, including his daughter Ivanka and her husband Jared Kushner, along with the financiers Anthony Scaramucci and Steven Mnuchin. The team will also include Stephen Bannon, his campaign chief executive, Reince […]
ABU DHABI // Thousands of people marked the 10th Abu Dhabi Walk on its return to Yas Marina Circuit by putting on their training shoes and stepping out to raise awareness of diabetes. Last year, more than 21,000 took part. At Walk 2016, friends and family got together while mothers pushed prams to kickstart a healthier lifestyle and help reverse a long-term diabetes trend in the UAE. […]
ABU DHABI // Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, congratulated Donald Trump on winning the United States presidential election, wishing him success. In a phone call, Sheikh Mohammed stressed the strong and historic relations with the United states. He also wished relations at all levels would continue to improve and that the UAE and US would […]
By Tim Baysinger Twitter Inc (TWTR.N) said it was able to deliver more viewers than promised to advertisers on a U.S. election night livestream, good news for the microblogging site as it tries to ward off growing competition for ad dollars from Snapchat and Instagram. Twitter partnered with BuzzFeed to host an election night broadcast on Tuesday and attracted major advertisers, including Paramount Pictures, Amazon.com Inc’s (AMZN.O) […]
As he ran for India’s highest office, Prime Minister Narendra Modi wooed voters with a promise to crack down on those who had accumulated troves of “black money” — cash earned through illegal means or corruption, or simply never declared to tax authorities. Mr Modi made good on his pledge on Tuesday with a shock declaration that so-called “high value currency notes” — denominations of Rs500 and […]
LOS ANGELES // Leonard Cohen, the baritone-voiced Canadian singer-songwriter who seamlessly blended spirituality and human relationships in songs like Hallelujah, Suzanne and Bird on a Wire, has died at age 82, his son said Thursday. “My father passed away peacefully at his home in Los Angeles,” Adam Cohen said in a statement. “He was writing up until his last moments with his unique brand of humour.” Cohen, […]
For an American public that relies on data for everything from where to find the best taco to the likely victor in a baseball game, Election Day offered a jarring wake-up: The data was wrong. Donald Trump’s stunning electoral win came despite prognosticators’ overwhelming insistence he would lose. And it has forced many to question not just political polling, but other facets of life that are being […]
By Vladimir Soldatkin | MOSCOW MOSCOW Russia’s top oil producer Rosneft reported strong cashflow on Friday, strengthening its position for a continuing acquisition drive despite a worse than expected 77 percent decline in third-quarter net profit. Rosneft, which bought a controlling stake in mid-sized oil company Bashneft for 323 billion rubles ($4.9 billion) last month, has been looking for ways to increase its global exposure and become […]
Apple CEO Tim Cook has been relatively quiet on the topic of his own personal political inclination in the lead up to the 2016 U.S. presidential election. But the unprecedented win of Republican candidate Donald Trump after such a tumultuous campaign has now prompted Cook to address his employees and the entire company in an effort to unite the people. How To Conduct Business After 2016 U.S. Elections […]
The Android 7.1-based CyanogenMod 14.1 (CM14.1) nightlies have landed. Technically, CM14.1, the latest version of the community-built Android distribution was already launched a few days ago with an experimental build roll out for the OnePlus 3. Now, more devices can get a taste of CyanogenMod 14.1 as handful of nightly builds get pushed out. In a blog post Tuesday, Nov. 8, CyanogenMod project founder Steve Kondik announced […]
Staples is looking to cash in on some Black Friday 2016, and it aims to do that with some smashing deals. Folks who are looking to pick up a new Surface laptop and or other Windows 10 devices should be pleased by what Staples is offering. We know of what Staples is planning because of a recently leaked advertisement. From what we can tell, these deals are more […]
LONDON A “hard” Brexit in which Britain loses its free access to the European Union market now looks like the most likely outcome of the country’s plan to leave the bloc, ratings agency Standard & Poor’s said on Friday. Britain will suffer the brunt of the economic impact of Brexit and the effects on the world economy will be more limited, S&P said in its latest update […]
UAE. In the GCC, healthcare, industrials & materials and financial services have recorded the largest fluctuations in mergers and acquisitions (M&A) activity, despite the gradual decline witnessed by the industry since 2014. According to research published today in The Boston Consulting Group’s (BCG) 2016 M&A Report, Masters of the Corporate Portfolio, companies that regularly acquire and divest businesses as part of their corporate strategy consistently outperform less […]
By Catherine Cadell | SHENZHEN, China SHENZHEN, China Chinese e-commerce giant Alibaba Group Holding Ltd said it racked up more than $5 billion in transactions in the first hour of its annual ‘Singles’ Day’ sales blitz on Friday – a third more than in the first hour of last year’s spree. The 24-hour event held annually on Nov. 11 offers a benchmark for Alibaba’s performance and an […]
Saudi Arabian stocks extended their winning streak to six days, entering a bull market as investors bet the government’s belated payments to contractors would help spur more gains. The Tadawul All Share Index added 2.3 percent to the highest level since July, taking its rally this week to 7.7 percent. The gauge has advanced more than 20 percent since a recent low on Oct. 3, crossing the […]
ABU DHABI // A 24-year-old Emirati women’s football player died in a car accident on Wednesday. The UAE Football Association said that it mourned Khadijah Al Balooshi and offered condolences to her family The 24-year-old was buried in Bani Yas Grave in Abu Dhabi on Thursday afternoon. Al Balooshi’s friend Maitha Al Thaheri said many in Abu Dhabi are upset following her death. “Khadijah is my friend […]
ABU DHABI // Abu Dhabi’s environment agency insisted that it carries out strict monitoring of water quality, after a UAE University study suggested industry in Mussaffah was causing pollution that could harm the area’s marine ecology. Scientists at UAE University had discovered that some metals were several times more common in samples collected close to industry compared with those taken from farther away. The Environment Agency Abu […]
BEIRUT, Lebanon — Crossing from Syria into Lebanon on Tuesday night proved to be a parable for the diametrically opposed ways the world sees the election of Donald J. Trump. At the passport counter, a Syrian officer’s face lit up when he saw an American traveler. “Congratulations on your new president!” he exclaimed, giving an energetic thumbs up. Mr. Trump, he said, would be “good for Syria.” […]
|By Arabian Post Staff| It might be possible in the not too distant future to travel between Dubai and Abu Dhabi in 12 minutes if plans announced today materialise without any major hitch. Hyperloop One, which is reinventing transportation by developing the world’s first Hyperloop, an integrated structure to move passengers and cargo between two points immediately, safely, efficiently, and the Dubai Roads and Transport Authority (RTA) agreed […]
|By Kalyani Shankar| The US election results have surprised many who were batting for the Democratic candidate Hillary Clinton. This is more so in India where many Indians felt Hillary would be good for India. She is known to many Indians because she was the First Lady for eight years, US Senator for another eight years, and Secretary of State for four and all the time she had […]
By Abhirup Roy | MUMBAI MUMBAI Ford Motor Co is investing 13 billion rupees ($195 million) over the next five years in a technology and business centre in the Indian city of Chennai to develop new products, design mobility solutions and provide business services. Dearborn, Michigan-based Ford, which has already invested over $2 billion in India till date, will hire 3,000 people and bring in 9,000 from […]
