/By Arabian Post Staff/ The board of directors of the mega bank being created by the merger of FGB and the National Bank of Abu Dhabi (NBAD) has met to approve key items ahead of the legal completion of the merger in the coming weeks. During the meeting, the Board decided on the Group’s corporate governance structure and finalised the nomination of Board committees and delegation of […]
In the tech industry, it’s easy to get caught up in the minutiae. But we should all step back and witness an industry in transition. Here are a few things I believe will shape the next few years. Smartphone Hardware Runs its Course As my colleague Carolina Milanesi recently wrote, it’s becoming increasingly difficult to innovate in the smartphone space. After a decade […]
By Tova Cohen and Ari Rabinovitch | JERUSALEM JERUSALEM U.S. chip giant Intel (INTC.O) has agreed to buy Israeli driverless technology firm Mobileye (MBLY.N) for $15.3 billion, the largest ever acquisition of an Israeli high-tech company. The $63.54 per share cash deal is the world’s biggest purchase of a company solely focused on the autonomous driving sector. Mobileye accounts for 70 percent of the global market for […]
Investors are primed for a more aggressive policy stance from the Federal Reserve, setting the stage for an escalation in the selling of Treasury bonds. With the US central bank expected to raise its overnight interest rate by a quarter-point on Wednesday, scrutiny will focus on Fed chair Janet Yellen’s press conference and policymakers’ projections for official interest rates over the coming years, known as the dot […]
A major Nor’easter threatens to shut down travel due to heavy snow and strong winds from Washington, D.C., to New York City and Boston early this week, as weather forecasters on Sunday put the U.S. East Coast on a blizzard watch, warning some 50 million people of potential snowfall from 12 to 18 inches, coupled with wind blasts in some areas from Monday night into Wednesday. New […]
BOSTON BlackRock Inc(BLK.N), which wields outsized clout as the world’s largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity. The move by BlackRock, a powerful force in Corporate America with $5.1 trillion under management, could bolster efforts like climate-risk disclosure practices developed by the Financial Stability […]
Stuart Gulliver has told the HSBC board he will quit as chief executive next year, making the search for his successor a priority for Mark Tucker, who has decided to leave Asian insurer AIA to become the bank’s chairman. The appointment of Mr Tucker was announced before the Hong Kong market opened on Monday by AIA and HSBC, which first approached the insurer’s president and chief executive last […]
Photo Babies are carried away away from destroyed buildings following an air strike in Aleppo, Syria, in 2016. Credit Ameer Alhalbi/Agence France-Presse — Getty Images Children suffered a “drastic escalation” in violence from the Syrian civil war in 2016, the United Nations said Sunday in a report that showed child deaths jumped at least 20 percent from the year before and recruitment of child combatants more than […]
March 13, 2017 by: Hudson Lockett in Hong Kong and Michael Hunter in London Monday 07:15 GMT What you need to know US West Texas Intermediate crude is at $48.33 a barrel, having fallen under $48 for the first time in more than three months. The pound is holding above $1.22 as speculation mounts that the UK government is poised to trigger Article 50 of the Lisbon […]
Transport Volkswagen has pleaded guilty in the US to criminal conduct over its diesel emissions scandal, as part of a $4.3 billion (4.02 billion euros) settlement. The German carmaker admitted fraud, obstructing justice and falsifying statements. Describing it as a “very, very, very serious crime”, the judge in Detroit set a date for sentencing next month. (Source: euronews (in English) YouTube channel) Source link
Zain Group held its annual Ordinary General Assembly in a gathering that constituted a quorum of 66.79% and approved a cash dividend of 35 fils Vice-Chairman Bader Al Kharafi: “Investments in emerging technologies will diversify our revenue streams.” New Board of Directors elected for three years; Scott Gegenheimer given new role as CEO of Operations Advertisement Kuwait – 12 March, 2017 Zain Group, a leading mobile telecom […]
HPE and SUSE, a top Linux distributor, have a complex relationship. First, HPE spun and merged its non-core software assets with Micro Focus. Micro Focus owns SUSE, a major Linux provider. Now, SUSE has finished acquiring cloud assets of HPE’s OpenStack Infrastructure-as-a-Service (IaaS), Cloud Foundry Platform-as-a-Service (PaaS), and Stackato, HPE’s Cloud Foundry implementation. SUSE will develop clouds while HPE will sell, support, and maintain them in their […]
The anti-Dutch remarks from Turkey inflamed tensions among the Turkish community in the Netherlands, who protested in Rotterdam until the early hours of Sunday, when they were dispersed by police officers wielding batons and water cannons. The police arrested 12 people, and seven were injured, including a policeman, whose hand was broken. Continue reading the main story Though Turkish law technically bars the practice, Turkish ministers are […]
PARIS The French foreign ministry condemned a deadly bombing in Damascus and called on truce guarantors, especially Russia and Iran, to ensure a ceasefire in Syria is fully respected. The death toll from a double bomb attack on Saturday targeting Shi’ites visiting a pilgrimage site in Damascus has climbed to 74, the Syrian Observatory for Human Rights reported on Sunday. “There is more than ever urgency to […]
Government of Dubai Media Office – 12 March 2017 Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum today launched the Dubai Public Diplomacy and Communication Network at the Public Diplomacy and Government Communication Forum. The Network is a new initiative led by the Government of Dubai Media Office (GDMO) that creates a platform for communication officials in government and semi-government organisations, […]
LONDON HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe’s biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signaled they will approve the appointment, one of the sources said, paving the way for Tucker to take up the role in the autumn. […]
Charlie Osborne | ZDNet Neural networking could pave the way for AI systems to be given a capability which we have, until now, considered a human trait: the possession of common sense. While some of us may have less of this than others, the idea of “common sense” — albeit a vague concept — is the general idea of making fair and good decisions in what is […]
Photo Ahmed Daqamseh, in sunglasses, was welcomed home in the village of Ibdir in northern Jordan after being released from prison, where he served 20 years. Credit Numan Alquzaa/European Pressphoto Agency The fragile treaty between the two former enemies was not even three years old when a Jordanian soldier went on a shooting rampage and killed seven Israeli schoolgirls visiting a park in a border area known […]
DAVAO CITY , Philippines – The government and communist rebels have agreed to resume peace talks and restore the truce following an escalation of deadly clashes. Presidential Adviser on the Peace Process Jesus Dureza yesterday said the government and rebel negotiators would resume talks early next month and discuss the terms of a broader ceasefire. Dureza said the decision to resume the peace talks came after backchannel […]
BERLIN Germany’s interior minister said on Sunday there were “clear limits” if Turkish ministers want to campaign among immigrants in Germany, striking a tougher tone than the previous line from Berlin as a row between Ankara and EU states escalates. Thomas de Maiziere told broadcaster ARD he did not support ministers campaigning in Germany. “You have to carefully consider whether one imposes a ban on entry. But […]
Speaker Paul Ryan on Sunday said he agrees with President Trump that 2018 will be a “bloodbath” for Republicans if Congress does not pass legislation repealing and replacing ObamaCare. “I do believe that if we don’t keep our word to the people who sent us here, yeah,” Ryan told CBS News’s “Face the Nation,” when asked if he agreed with Trump’s reported comments about the 2018 midterm […]
newslide Pakistani actress Veena Malik, known for her stint in reality television show Bigg Boss 4, has been granted divorce from her husband Asad Khattak. The couple were married for three years and have a son and a daughter together. A Lahore court passed a decree in favour of Veena after Khattak failed to proceed with the case, says lawyer Ali Ahmed. Veena filed for the divorce […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]
THE stalled peace negotiations between the National Democratic Front and the government will resume in April, Presidential Adviser on the Peace Process Jesus G. Dureza announced last Sunday. “I am pleased to announce that the peace negotiations between the government and the Communist Party of the Philippines-New People’s Army-National Democratic Front [CPP-NPA- NDF], which broke down weeks ago, are now back on track.” Dureza said. The talks […]
