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NO THREAT FROM DHAKA-MOSCOW NUCLEAR BONHOMIE

ENERGY-HUNGRY BANGLADESH SAW DECADES-LONG WAIT

By Ashis Biswas

KOLKATA: Diplomacy may have won the day for Russia more than financial/technological reasons, in bagging the order to build two nuclear power generating stations in Bangladesh by 2022-23.

This would enable Bangladesh to become the third country in South Asia to generate nuke power, after India and Pakistan. However, Sri Lanka could join the list soon according to present indications.

A proposal to build nuclear power plants in East Pakistan had been put forward as early as 1961 and approved in 1963, according to open source information. Therefore, neither Awami League (AL) leader Sheikh Hasina, nor Bangladesh Nationalist Party (BNP) leader Khaleda Zia, can be rightfully accused of harbouring illusions of grandeur in going nuclear. Bangladesh has pledged to observe non-proliferati

Google files patent for drone "delivery receptacle"

A remote-controlled Parrot AR.Drone 2.0 Quadricopter is seen during a flight demonstration at the Google I/O Conference at Moscone Center in San Francisco, California June 28, 2012. Reuters/Stephen Lam/Files SAN FRANCISCO Google’s secretive drone delivery project could include a component designed to store packages securely. A patent filed Tuesday in the United States by the company, a unit of Alphabet Inc, describes a “delivery receptacle” designed to […]

Saudi brave face: no spending cuts

The world’s biggest oil producer is spending as much now as it did before the crash in crude prices, signaling no surrender in Saudi Arabia’s battle with rivals. Saudi Arabian Oil Co. is maintaining investment in oil and natural gas projects and has formulated a new strategy in response to cheaper crude as it studies options to sell shares in its parent company and downstream refining and chemical […]

EY predicts six major investment opportunities for GCC health care market by 2025

UAE.  To coincide with the annual Arab Health Exhibition & Congress this week, six major investment opportunities in the GCC’s health care market in 2016 have been predicted by EY as being areas of high demand and growth in the region. According to the EY ‘Investment Big Bets – Healthcare and Life Sciences in the GCC’ report launched today, specialized centers of excellence (CoEs), home health care […]

Millennials and their employers: Can this relationship be saved?

UAE. Businesses must adjust how they nurture loyalty among Millennials or risk losing a large percentage of their workforces, according to Deloitte’s fifth annual  Millennial Survey. Forty-four percent of Millennials say, if given the choice, they expect to leave their current employers in the next two years. That figure increases to 66 percent when the time frame is extended to 2020. The findings were revealed through a […]

Twitter management departures unnerve investors

People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in Warsaw September 27, 2013. Reuters/Kacper Pempel/Files An exodus of top Twitter Inc executives has raised concerns about the company’s plans to win more users. Media head Katie Jacobs Stanton, product head Kevin Weil, the head of the engineering division, Alex Roetter and HR head Brian “Skip” Schipper […]

Reliance Communications expects to seal mobile tower deal in 2 weeks

A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai, India, November 3, 2015. Reuters/Shailesh Andrade/Files MUMBAI India’s Reliance Communications Ltd (RCom) expects to reach a deal to sell its mobile phone masts business to a group of companies led by buyout firm TPG Capital Management LP in the next two weeks, its chief executive said on Monday. RCom last […]

Employment law : New fines applicable in Saudi Arabia

SAUDI ARABIA. Since August 2011 the Ministry of Labour in the Kingdom of Saudi Arabia (KSA) has focused on promoting employment for KSA nationals and updating labour legislation to produce a more dynamic labour market. Recently these measures culminated in the amendment of the KSA Labour Law (Labour Law) with the amendments coming into effect on 18 October 2015 and the introduction of new fines to support […]

Is Apple Getting Ready for Virtual Reality?

Compared to rival tech companies like Google and Facebook, Apple doesn’t say much publicly about its virtual-reality ambitions. Occasionally, though, the company’s aspirations are revealed through a business acquisition or a new hire. This time, speculation is being fueled by Apple’s recently revealed hiring of Doug A. Bowman, a leading VR researcher who has until now been director of Virginia Tech’s Center for Human Computer Interaction. Bowman’s […]

China says will step up regulation of internet finance

BEIJING Chinese authorities are planning to tighten regulation of its fast-growing internet finance industry and crack down on illicit transactions, state media reported on Saturday, as the country works to rein in fraud on its online lending platforms. China’s unregulated online peer-to-peer (P2P) industry has been dogged by reports of fraud in recent years, underscoring growing financial risks and increasing the potential for social unrest. More than […]

Best Stock For 2016 – Arista Networks

Lioness captured after three-hour prowl in Dubai’s Al Barsha

DUBAI // A young lioness that escaped from her owner is believed to have roamed the streets for more than three hours before she was captured by a team of Dubai Municipality animal welfare officers. Dubai Police said they received reports of the lioness prowling the streets of Al Barsha neighbourhood, one of the newer residential developments on the city’s west side, at about 7pm on Thurday. […]

Ethiopians top Dubai Marathon as hundreds cheer them on

DUBAI // Enduring an 18-hour flight from Colombia to take part in the Standard Chartered Dubai Marathon yesterday was worth it, says Juan Carlos, a physical training teacher. “The first few kilometres were difficult, but I wanted to take part because it’s a long course and for me, it’s good for my health,” the 28-year-old said about his first marathon. He completed the 42-kilometre course in two […]

Why Sacramento Wants To Ban Smartphone Encryption

Did you know that over 20 million people a year are victims of human trafficking? That’s according to the National Human Trafficking Resource Center. What if banning smartphone encryption could stem the rising tide of human trafficking, a form of modern-day slavery from which perpetrators force victims to engage in commercial labor services or sex acts against their will? Sacramento County Assembly member Jim Cooper just introduced […]

Microsoft Now Hides IP Addresses on Skype by Default

Microsoft‘s latest update to Skype now hides a user’s IP address by default. The change is likely to be noticed most by gamers who in the past have been targeted for online harassment and distributed denial of service (DDoS) attacks via user details found through their Skype accounts. Skype recently rolled out the ability for users to hide their IP address from others they communicated with using […]

Iran eyes $50b investment annually

The removal of sanctions on Iran may trigger at least $50 billion a year in foreign investment to finance a rebound in an economy hit by the oil slump, the country’s central bank governor said. “Our country can absorb a great deal of foreign investment, considering its potential,” Valiollah Seif said in an interview Wednesday at his office in Tehran, days after the trade and financial curbs […]

Crude target price achieved

|By Matein Khalid| I had called for Brent crude to fall to $30 in successive columns since the November 2014 OPEC conclave in Vienna, when Saudi Arabia abandoned its traditional role as the “swing producer” the central bank of black gold. The world oil markets now face a supply shock, a demand shock, epic volatility and the loss of the “swing producer”. The world is running out […]

Iran oil impact unparalleled

As Iran emerges from a decade of international sanctions, its Gulf Arab rivals are facing their toughest economic predicament since the global financial crisis. Governments across the six-nation Gulf Cooperation Council are taking unprecedented measures to counter the slump in oil prices, curtailing some of the world’s most generous welfare systems to plug widening budget deficits. In some countries, contractors are facing delays in government payments, while […]

Iran is back in business

After a decade of unprecedented economic sanctions, Iran is about to be back in business. The Islamic Republic curbed its ability to make a nuclear bomb as required under a deal with world powers, clearing the way for it to resume global commerce, the International Atomic Energy Agency said Saturday. The European Union, United Nations and U.S. agreed in July to lift sanctions simultaneously once compliance was verified. […]

Oil trades below $30; 1st time in 12 years

Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. The day’s near 4 percent drop marks a seventh day of losses for oil. Traders have all but given up attempting to predict where the new-year rout will end, with momentum-driven […]

Aramco IPO may be limited to refining

|By Arabian Staff| Additional information forthcoming from state-owned Saudi oil giant Aramco suggests that the proposed IPO may be restricted to refining and other similar activities rather than the parent company as a whole. Aramco clarified in a statement the other day that while the company was studying options including a full initial public offering, one of the options under consideration is “listing of a bundle” of […]

2015 ended on a low note for UAE

|By Arabian Post Staff| The UAE’s non-oil private sector ended the year on a low note, with business conditions improving at the slowest rate in 40 months, the headline Emirates NBD UAE Purchasing Managers’  Index  for December  showed. A key factor weighing on the sector as a whole was relatively muted growth of new work – the pace of expansion was the weakest since August 2011. Output, […]

Oil crash hits UAE insurance industry

|By Arabian Post Staff| The UAE insurance industry has recently started to show signs of impact due to lower oil price and the challenging economic environment. The shifting regulatory landscape, increased competitiveness and light regulatory enforcement were some of the key topics of discussion at the recent Business Breakfast organized by EY, attended by key insurers and market players in the UAE insurance industry. “The UAE insurance […]

Wi-Fi HaLow To Power Internet of Things

Lower power. Longer range. That’s the story behind Wi-Fi HaLow, a new technology the Wi-Fi Alliance has just introduced to help tap into the momentum around low power Wi-Fi solutions that cater specifically to the Internet of Things (IoT). The Wi-Fi HaLow designation, which aims at products leveraging IEEE 802.11ah technology, works at and below the one gigahertz frequency band without sacrificing range. In fact, HaLow promises […]