|By Arabian Post Staff|ADNOC plans to explore and appraise Abu Dhabi’s unconventional gas resources, as the company seeks to enable future value creation from its untapped gas resources, the company announced. ADNOC will spend over AED 400 billion over the next five years, as it embarks on its Upstream and Downstream expansion and growth projects, the company announced. The Supreme Petroleum Council (SPC) approved ADNOC’s key strategic […]
|By Matein Khalid|Emaar Properties will sell 20% of its UAE development portfolio in an initial public offering in November. This is the first IPO in the UAE capital markets in the last three years and follows bellwether offerings such as Emaar Malls and Emaar Misr. Emaar’s Dubai development’s adjusted net value is 24.1 UAE dirhams and I would not be surprised if the post IPO revalues the […]
|By Arabian Post Staff|Saudi Arabia is holding one of its most important investment summits ever, named the Future Investment Initiative (FII), considered to be game-changing forum in Riyadh. The landmark event is being attended by more than 2,500 delegates and internationally-renowned business and investment leaders from over 60 countries. The three-day event will explore new trends, opportunities, challenges and emerging industries that will shape the world economy and […]
|By Arabian Post Staff| The United Nations is set to consider a proposal by the US Federal Aviation Administration to ban laptop computers and other large electronic devices from checked bags on international flights. It remains yet unclear whether the ban would be extended to domestic airlines. Gulf airlines including Emirates and Qatar Airways were removed from the ban last August after these airlines suffered a huge […]
|By Arabian Post Staff| TV is the most popular news medium in Middle East and North Africa (MENA) region, a recent study by the Northwestern University in Qatar has revealed that. When asked about how they stay informed about the latest news in Egypt, Jordan, Lebanon, Qatar, Saudi Arabia, Tunisia and United Arab Emirates, more than 75% of nationals reported watching television each day rather than relying […]
|By Arabian Post Staff| ABB has won an order worth around $45 million from Dubai Hills Estate, a joint venture between Emaar Properties PJSC and Meraas Holding, to construct a substation that will boost distribution capacity and feed power to a new integrated lifestyle project being constructed in Dubai. The order was booked in the third quarter of 2017. Dubai consumes over 37,000 gigawatt hours of electricity […]
|By Matein Khalid| Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus J.P. Morgan did not mince his words. He called Bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the seventeenth century and declared he would fire any trader at his bank trading in the cryptocurrency “in a second” for “stupidity”. This has only reinforced the […]
|By Arabian Post Staff| Dubai’s DIFC Courts witnessed sustained growth in the first six months of 2017, with the English-language, common law judiciary continuing to help global businesses resolve their largest and most complex disputes while becoming the increasingly preferred forum for settling the smaller claims of corporations, SMEs and individuals. The workload of the main Court of First Instance (CFI), including arbitration-related cases and counter claims, […]
|By Arabian Posr Staff| The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement to expand both ADNOC and Borealis downstream petrochemicals business and support the delivery of ADNOC’s integrated smart growth and partnership strategy. Under the agreement, ADNOC and Borealis will move to the pre-feed (front end engineering and design) stage for the construction of the Borouge 4 complex, which encompasses a world-scale, mixed […]
|By Arabian Post Staff| Starz Play, MENA region’s fast growing on-demand video streaming service has raised a total of US$125 million since inception, including new 2017 commitments from leading global industry investors Starz, a Lionsgate company, State Street Global Advisors (SSGA), in its capacity as an advisor and manager of private equity, and media and technology investment firms SEQ Capital Partners and Delta Partners. The new investment funds […]
Acquisition Positions JumpStart for International Growth & Expansion of its Mobile Game Offerings for Consumers and Educational Institutions Worldwide TORRANCE, CALIF. (July 6, 2017) – NetDragon Websoft Holdings Limited (“NetDragon”; Hong Kong Stock Code: 777), a global leader in building internet communities, announced that it has acquired JumpStart, the leader in learning-based games for kids. A major player in the global online and mobile learning space, NetDragon […]
|By Arabian Post Staff| Chinese operators are on track to launch commercial 5G networks by 2020 and are expected to establish China as the world’s largest 5G market by 2025, according to a new study by GSMA Intelligence and the China Academy of Information and Communications Technology (CAICT). The new study ‘5G in China: Outlook and Regional Comparisons’, which was published today at GSMA Mobile World Congress Shanghai, […]
This glimpse of the future was crafted by: Kate Yoxall When Nicolaus Copernicus proved in the 16th century that the earth actually revolved around the sun, he did more than inflict a breathtaking blow to the human ego. He threw a new paradigm into the atmosphere. Soon brows began to furl with questions around the way that society was configured; if the earth itself was not the centre of […]
Researchers pave way towards integration of 3-D holography into electronics like smart phones, computers and TVs, with development of nano-hologram 1,000 times thinner than a human hair. Source
Google Home was announced a year ago as an Alexa competitor that would serve as the foothold for the company’s new ambient search experience. The Home seemed likely to be a powerful competitor for Amazon Echo given the resources at Google’s disposal. That didn’t happen. When the Home launched, it was indeed stylish and produced well-rounded sound. But we at PCMag were confounded by its seemingly obvious […]
Young Indonesians, frustrated by the country’s lack of progress (or even perceived regression in development) often invoke a refrain along the lines of, “While other countries are focusing on things like getting people to Mars, we are fighting over (religion / blasphemy / corruption etc).” It seems President Joko Widodo feels similarly. Yesterday, while speaking with the editorial heads of several major Indonesian media outlets, Jokowi mentioned that […]
Dubai-based Fetchr, a delivery-business and consumer technology app, has secured $41 million in a Series B financing round led by New Enterprise Associates Inc. (NEA), the start-up announced. The app addresses the “no address problem” in emerging markets, typically encountered by traditional companies delivering packages to customers. In a region where more than 80% of users have smartphones, fetchr is tackling delivery challenges by going directly to […]
Google chief executive Sundar Pichai delivers the keynote address at the 2017 Google I/O Conference, where he stressed the importance of artificial intelligence Google announced Wednesday it was bringing its digital assistant to Apple iPhones as part of its effort to win the battle with tech rivals on artificial intelligence. At its annual developers conference at an outdoor concert-venue near its main campus in Mountain View, California, […]
Google has unveiled a new kind of standalone virtual reality headset that does not need to be wired to a PC or external sensors to offer more realistic graphics and movement tracking, in the hopes of kick-starting what has been sluggish consumer adoption of the technology. Device makers HTC and Lenovo are working with Google and chipmaker Qualcomm to launch the headsets starting later this year, Google […]
Google CEO Sundar Pichai delivers the keynote address of the Google I/O conference, Wednesday, May 17, 2017, in Mountain View, Calif. Google provided the latest peek at the digital services and gadgets that it has assembled in the high-tech tussle to become an even more influential force in people’s lives. (AP Photo/Eric Risberg) Google announced a lot of new bells and whistles Wednesday—several of which, it turns […]
With Hitachi Video Analytics, ordinary municipal cameras become smart sensors that provide a variety of information and real-time alerts for public safety. May 17, 2017 — 21:32 GMT (14:32 PDT) | Topic: Infographic (via PCMag)
To say the legal battle between Apple and Qualcomm has been tense would be an understatement. The two companies have been after each other since January of this year, and it looks like the two are not showing signs of backing off or reaching a settlement. Qualcomm Fires Back On Wednesday, May 17 Qualcomm filed lawsuits against four Taiwan-based companies with ties to Apple. The companies in […]
A selfie-app company learned the value of index membership on Wednesday, when shares in Meitu Inc dropped 9 per cent after MSCI said the Hong Kong listed stock would not, as previously announced, enter its China index in June. MSCI had included Meitu in a list of planned index changes published Monday evening, and the sudden reversal highlights the power of index providers to direct money and […]
One minute I’m in an office in Dubai’s Jumeirah Lakes Towers; the next, I have been transported to the grounds of a villa in the Sheikh Zayed Housing Programme. I scan the garden – there’s a ball by my feet, so I pick it up and toss it out of the way. Next, I teleport myself just inside the front door. I take a wander around the […]
