AMMAN, Jordan — Jordan’s national census takers made something of a stark discovery earlier this year when they found that nearly a third of the country’s 9.5 million residents are not, technically speaking, Jordanians. For decades, the country has absorbed successive waves of people fleeing war and chaos. Lately it has been the Syrians, but before them came Iraqis, Sudanese and Palestinians, not to mention those from […]
Deal Professor By STEVEN DAVIDOFF SOLOMON It’s hard to get one’s head around it: An initial public offering that would value a company in the trillions of dollars. That’s trillions, with a T. Saudi Arabia is considering selling shares in its state oil company. With 261 billion barrels of oil in reserves and a yearly output of over three billion barrels of oil, the company, Saudi Aramco, […]
}By Arabian Post Staff| Iran plans to set up its own financial center as it seeks to attract global financial institutions, Bloomberg reported. Chinese and Russian banks are seeking to set up representative offices in the area, Farhad Taghizadeh-Hesary, senior adviser to the Qeshm Investment and Development Co., was quoted as sayig in an interview. One of Japan’s largest banks is also negotiating with officials on establishing a […]
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 […]
Light and matter are typically viewed as distinct entities that follow their own, unique rules. Matter has mass and typically exhibits interactions with other matter, while light is massless and does not interact with itself. Yet, wave-particle duality tells us that matter and light both act sometimes like particles, and sometimes like waves. Harnessing the shared wave nature of light and matter, researchers at the University of […]
LONDON — After years of international isolation under the rule of Col. Muammar el-Qaddafi, Libya sought to emulate its Middle Eastern neighbors by creating a sovereign wealth fund in 2006 to invest the proceeds from its sale of oil. The North African nation soon turned to Goldman Sachs to help it invest some of the more than $35 billion in funds it had available in late 2007. […]
At its Tech World event in San Francisco yesterday, Lenovo unveiled a prototype of a phone that can bend around your wrist, as well as a concept tablet that can fold to act as a regular smartphone. The devices, not yet ready for market but rather “a sign of things to come,” add Lenovo to the small but growing list of companies, led by LG and Samsung, […]
Global IP traffic is expected to triple over the next five years, as a result of more than 1 billion new Internet users coming online before 2020, according to Cisco. As many as 10 billion new devices may join the Internet in that time, bringing the total number of connected devices up to 26.3 billion from the 16.3 billion that were connected in 2015. The study is […]
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. […]
FILE PHOTO — A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange December 11, 2014. Reuters/Brendan McDermid/File Photo SAN FRANCISCO/NEW YORK (Reuters/IFR) – Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters. […]
In the days before rapid sea or air travel, it could take months to travel to Mecca. The spiritual heart of Islam lay far from its great capitals in Istanbul, Delhi and Isfahan. The devout came from distant lands on foot, by camel and in horse-drawn carriages. Bedouin tribes routinely robbed these pilgrims, who were the primary source of revenue for this ancient desert town. Now, the […]
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, […]
INTERNATIONAL. As companies move to catch up with the digital future, they are taking a close look at what kind of executive they need to lead the way. In a new report, “The Right CDO for Your Company’s Future”, Strategy&, PwC’s strategy consulting business, defines five Chief Digital Officer (CDO) “archetypes” – descriptions of typical roles CDOs might play within an organisation. The Five Archetypes of a […]
Ali was the most thrilling if not the best heavyweight ever, but he was more than the sum of his athletic gifts Ali faces the media at the US federal court in June 1967, while on trial for refusing to be inducted into the armed forces. New York: Muhammad Ali, the three-time world heavyweight boxing champion who helped define his turbulent times as the most charismatic […]
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, […]
Living cells are capable of performing complex computations on the environmental signals they encounter. These computations can be continuous, or analogue, in nature — the way eyes adjust to gradual changes in the light levels. They can also be digital, involving simple on or off processes, such as a cell’s initiation of its own death. Synthetic biological systems, in contrast, have tended to focus on either analogue […]
Saudi Arabia’s sovereign wealth fund made its highest-profile deal, investing $3.5 billion in U.S. ride-share company Uber Technologies Inc. as the country seeks to diversify its assets with more overseas acquisitions. Yasir Alrumayyan, managing director of the Public Investment Fund, will take a board seat at the San Francisco-based company after the deal, which values Uber at $62.5 billion, the company said in a statement. It’s the biggest […]
1. What is Ramadan? Ramadan is the ninth month in the Islamic (Hijri) calendar. It is the most holy month in the calendar for Muslims as it is believed the Quran was revealed to Prophet Mohammed during Ramadan. During this month, Muslims do not consume any food or liquid between fajr and maghrib prayers (at dawn and sunset), not even water. You can check the exact prayer […]
More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks. The service is available in six countries and among a limited range of banks, though in recent weeks Apple has added four banks to its sole Singapore partner American Express; […]
In all my long days as an automotive writer, not one single car manufacturer has asked me to attend their display at an international motor show, and drape myself alluringly across the hood of one of their vehicles. Sex Sells When people (in truth, men) discovered sex sells, car makers jumped on the band wagon. They found that a seductive model adjacent to the product seemed to […]
One of Widad Majid’s brothers had to stay in Turkey for treatment of leukaemia, and her marrow could be the only hope for his survival Along with more than a dozen members of her extended family, Widad Majid spent last summer sleeping in sweltering refugee camps, open fields, train stations and a jail cell as she traversed Europe en route from Syria to Sweden, one small girl […]
It’s amusing that yoghurt, which originated as a way to make milk last longer before the days of refrigeration, now makes grocery shopping last longer as we try to make sense of the dizzying selection in the refrigerator case. I regularly get questions from people confused about which yoghurt to buy. Here are a few of the most commonly asked with answers to help you choose more […]
The Chevrolet Spark is designed for city dwellers who are looking for a small car that packs all the connectivity features of the big cars, but don’t require the horsepower or the proportions of a bigger vehicle. For 2016, the all-new Spark packs 17% more power than the first-generation model, so the power output increases from a measly 84 horsepower to a more acceptable 98 horsepower. What’s […]
