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03 March 2017 Kuwait City, Kuwait: Ooredoo, Kuwait’s fastest network, attended a number of important meetings during the company delegation’s visit to the Mobile World Congress 2017 in Barcelona earlier this week. The company’s delegation, headed by CEO Sheikh Mohammed bin Abdullah Al Thani, included a number of the company’s senior managers and chief officers. During the visit, Ooredoo CEO and delegation visited Huawei’s pavilion, which displayed […]

Total Islamic banking assets in the UAE have increased to about AED520 billion ($141.5 billion), about 7 percent of the global total, it has been revealed. Saif Hadef Al Shamsi, assistant governor for Monetary Policy and Financial Stability at the UAE Central Bank, said that Islamic banking’ assets account for around 20 percent of AED2.6 trillion of the total assets of the state’s banks. He added in […]

Core inflation has returned to Japan for the first time since 2015, with consumer prices excluding fresh food rising by 0.1 per cent in January over the same month a year earlier. The return to positive territory was driven by energy — petrol prices jumped 9.2 per cent year-on-year after big drops in 2016 — but the rise will be welcome news for the Bank of Japan. […]

There was no mistaking the arrival of King Salman Abdulaziz Al-Saud of Saudi Arabia and his entourage in Malaysia on Sunday morning. Traffic stood still for 30 minutes as we waited for the 600-strong royal party to make their way from the airport to the centre of Kuala Lumpur — a near-endless stream of limos, lorries, outliers and ambulances, sirens screaming. This is King Salman’s first trip […]

Doha, Qatar; March 2, 2017 The third edition of Qumra, the industry initiative by the Doha Film Institute that aims to mentor and nurture next generation filmmakers, has received tremendous support from Qatar’s government entities, industry leaders, educational & cultural organisations and a wide spectrum of global film bodies. To be held from March 3 to 8 at Souq Al Waqif and the Museum of Islamic Art, […]

Via Michael Snyder of The End of The American Dream blog, If current trends continue, Islam is on track to become the largest religion in the entire world by the end of this century according a stunning new report that was just released by the Pew Research Center. While it is true that Christianity is still growing on a global basis, it is not growing nearly as […]

People take part in a protest against corruption in Lima, Peru after a scandal involving bribes Brazil’s Odebrecht distributed in Peru, February 16, 2017 (Guadalupe Pardo/Reuters). A wave of corruption scandals has roiled Latin America in recent years, from Chile’s campaign finance affairs, through Mexico’s Casa Blanca revelations. Most recently, the information divulged in the December Odebrecht settlement has sent a shudder of fear across regional politics […]

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BEIJING, Activity in China’s services sector expanded at the slowest pace in four months in February, with new business still growing at a solid rate but increasing competition making it harder for companies to raise prices, a private survey showed. The findings echoed a similar softening in growth in China’s official services activity survey released on Wednesday, and contrasted with an unexpected pick-up in growth in its […]

BEIJING China’s leaders are expected to telegraph their willingness at this year’s annual parliament meeting to let reforms overtake policy stimulus as their priority amid concerns over financial instability in the world’s second-largest economy. Pro-growth policies, evident by a lending binge and increased government spending last year, have fueled worries among policymakers about high debt levels and an overheating housing market. Top leaders at the National People’s […]

Leading smart mobile devices brand, InnJoo teams up with World Car Rally Driver Champion, Dani Sordo to race ahead with world class smart devices 1st March 2017  Dubai, UAE: InnJoo, smart mobile devices marker, today unveiled its new range of next-generation smartphones at Mobile World Congress 2017 in Barcelona. The company teamed up with Dani Sordo, one of the most experienced drivers in the FIA World Rally […]

By Lauren Hirsch | NEW YORK NEW YORK Snap Inc’s (SNAP.N) shares continued to defy doubts about the company’s early-stage business model and slowing user growth, jumping nearly 50 percent in their first day of trading on the New York Stock Exchange. The owner of the Snapchat messaging app raised $3.4 billion in its initial public offering on Wednesday night, more than the $3 billion Facebook (FB.O) […]

The US broke its long drought of hot technology initial public offerings on Thursday as shares in Snap soared more than 40 per cent in their market debut despite questions about corporate governance and profitability at the owner of vanishing messaging service Snapchat. A pack of traders huddled around the desk of Snap’s designated market maker for more than an hour after the opening bell at the […]

Government of Dubai Media Office – 2 March 2017 The jury of the Dubai Canvas 3D Art Award will be looking for exceptional creativity, technique and style in its evaluation of the 25 artworks shortlisted for the Award.  The shortlisted works are being displayed at the Dubai Canvas 3D Art Festival 2017, which began in City Walk on Sunday. The Award and Festival are organised by Brand […]

The Fitbit Blaze The wearables market is under constant scrutiny for its growth potential, but despite a few moments of uncertainty, 2016 turned out to be a blockbuster year for the category overall. According to the latest data from IDC, Wearable shipments globally hit an all-time high of 33.9 million units in Q4 2016, an increase of nearly 17 percent year over year. Shipments for the entire […]

Via Charles Hugh-Smith of OfTwoMinds blog, This is precisely what you’d expect of a self-serving elite that was desperate to cloak the unhappy reality that the relative few are benefiting immensely at the expense of the many. The core narrative of politics everywhere is progress, i.e. “moving forward.” If progress isn’t being made, politicos and the system are failing. In the past, “progressive” movements sought to advance […]

Image: Nv/EPA/REX/Shutterstock By Manish Singh2017-03-02 07:24:14 -0500 India’s major IT firms have long required their employees to give a three-month, “non-negotiable” notice before leaving the company, but they could be soon forced to change that.  Fed-up IT professionals from across India have reached out to the government, complaining that it is “unrealistic” for anyone to plan that far ahead.   Over 28,000 professionals have signed a petition, […]

March 2, 2017 by: Nic Fildes, Telecoms Correspondent Deutsche Telekom has taken a €2.2bn charge on its investment in BT, pushing the German group to a fourth-quarter loss in 2016. Europe’s largest telecoms company blamed the Brexit vote, a decline in the value of sterling and the collapse in BT’s share price for the write-off. It holds a 12 per cent stake in BT which has been […]

By John Ruwitch | SHANGHAI SHANGHAI The fortunes of the richest 100 members of China’s parliament and its advisory body – all dollar billionaires – grew about 64 percent in the four years since Xi Jinping rose to power, according to data from an organisation tracking wealth in China. Xi has overseen a crackdown on corruption and decadence, and made the fight against poverty a top priority […]

The Bank of Japan published detailed schedules of planned asset purchases for the first time on Tuesday as it seeks to prove its commitment to a zero per cent cap on 10-year government bond yields. Japan’s central bank said it will buy a minimum of ¥1.375tn and a maximum of ¥2.175tn of government bonds during March, giving a series of dates and estimated sizes for its planned […]

The federal government has announced that the Australian Signals Directorate (ASD) will be receiving critical infrastructure upgrades at two of its national security facilities in Canberra. The AU$75 million upgrades to the intelligence agency will be funded under the Defence Integrated Investment Program, Minister for Defence Personnel Dan Tehan said on Thursday. “The ASD is essential to Australia’s national security and these improvements will help keep Australians […]

/By Arabian Post Staff/ The success of DIFC and DMCC  has inspired a US-based group to recreate the model in the western hemisphere. The C-MCC Development Group LLC,  a US-based development group, announced that it will establish the C-MCC Worldwide Free Trade Zone on Curacao island,  patterned after the successful Dubai Multi Commodities Centre (DMCC) and the Dubai International Financial Centre (DIFC) located in the United Arab […]

Cheung Kong Infrastructure and Fosun International are among several Asian groups that have submitted bids for Q-Park, one of Europe’s largest parking lot operators, in a deal that could fetch more than $2.4bn. China Oceanwide, a Beijing-based conglomerate owned by a billionaire banking magnate, and Shougang Group, a state-owned Chinese steel company, also joined the first round of bidding on the Netherlands-based parking group, two people familiar […]

T Rowe Price’s flagship small companies fund has revealed annualised returns of nearly 35 per cent from its private investments, rebutting critics who argue that mutual funds should eschew riskier, unlisted companies.  With more companies delaying stock exchange listings due to the abundance of venture capital and onerous requirements of being a public company, asset managers have begun to invest more aggressively in private groups such as Uber and […]

Superloop has expanded its high-speed intercapital colocation network with a new point of presence (PoP) at NextDC’s C1 datacentre in Canberra. The addition of C1 connectivity sees the Asia-Pacific fibre infrastructure company complete its national footprint through NextDC, with connections already at the latter’s datacentres in Brisbane, Sydney, Melbourne, and Perth. According to Superloop, the nationwide deployment of capital city infrastructure gives the company the ability to […]

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