President Obama arrived in New York City on Sunday evening for three days that will mix election-year politics with a farewell to the world stage at the United Nations. But the visit comes against a suddenly tense backdrop, after a powerful explosion rocked a Manhattan street and a man claiming fealty to the Islamic State stabbed several people in a Minnesota shopping mall. The president’s diplomatic schedule […]
The Interpreter By MAX FISHER You could be forgiven, after five years of Syria’s war dominating front pages, for feeling lost. It is easy to track the war’s toll: It has killed 400,000 people, displaced millions, opened space for the Islamic State, and sucked in foreign powers, including the United States. It is harder to keep track of the how and why. The basics can seem even […]
Sometimes, things don’t turn out like we expect. This is the case with Chevrolet and the Chevelle. It started as a conventional car but evolved into a road warrior, carrying the muscle car torch for a new generation. The Chevelle had a body-on-frame design that, while basic, really unlocked its potential as a muscle machine. There was a time when the LS6 Chevelle was the fastest American car […]
By Adam Jourdan and Tom Westbrook | SHANGHAI/SYDNEY SHANGHAI/SYDNEY Apple Inc fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on Friday brandishing their purchases, flanked by applauding sales staff. But underneath the usual fanfare, the crowds of enthusiasts and overnight campers were smaller than in past years. Some customers complained after the […]
By Mark Hosenball and Joseph Menn | WASHINGTON/SAN FRANCISCO WASHINGTON/SAN FRANCISCO The Federal Bureau of Investigation is intensifying efforts to find enough evidence to enable the Justice Department to indict some of the Russians that U.S. intelligence agencies have concluded are hacking into American political parties and figures, U.S. law enforcement and intelligence officials said on Thursday. Building legal cases is difficult, largely because the best evidence […]
|By Arabian Post Staff| Dubai-based Shaikhani Group announced a major foray in Dubai’s property market with 11 real estate projects with a collective value exceeding Dh3.5 billion (US$950 million) that are in various stages of development. Shaikhani Group’s 11 projects will deliver 2,100 residential and commercial units in Dubai Sports City, Jumeirah Village Circle and Dubai Silicon Oasis. Of these, the company is at an advanced stage of […]
By Ankur Banerjee Samsung Electronics Co Ltd (005930.KS) formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the Korean powerhouse. Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it […]
September 2016: Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, meets Pope Francis during a visit to Vatican City. June 2016: President Sheikh Khalifa officially invited Pope Francis to visit the UAE. Sheikha Lubna Al Qasimi, Minister of State for Tolerance, presented the invitation during a visit to the Vatican. May 2016: A delegation of more than 300 […]
VATICAN CITY // Sheikh Mohammed bin Zayed and Pope Francis held discussions on strengthening existing links and promoting the acceptance of others’ beliefs. “We are working together on promoting and enabling, for peace and stability to prevail throughout the world,” said Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, after the meeting at the Vatican on Thursday. He said that […]
|By Arabian Post Staff| DEWA has awarded the contract for Independent Power Producer (IPP) Advisory Services for the 200MW Concentrated Solar Power (CSP) Plant to a consortium led by KPMG Lower Gulf Limited (Financial), alongside Mott MacDonald (Technical) and Ashurt (Legal). This is part of DEWA’s efforts to increase the percentage of renewable and clean energy in the energy mix, and support the Dubai Green Energy Strategy […]
|By Arabian Post Staff| The generations of Millennials, meaning people between the ages of 19 and 35, as well as Centennials, denoting young people aged up to 18, will most probably end up poorer than their parents and grand parents, a Bank of America-Merrill Lynch report titled Thematic Investing: The New Kids on the Block has predicted. Gen Y (“Millennials”, 19-35Y) and Gen Z (“Centennials”, 0-18Y) are […]
|By Arabian Post Staff| Patent grants from the GCC in chemistry have seen a five-fold increase in the last decade, according to the World Intellectual Property Organization (WIPO). Producing up to USD102.6 billion worth of products a year, petrochemical industry is a main generator of patents from Gulf region along IT and electronics. “The petrochemical industry in the Gulf is of global standards where there is an […]
|By Arabian Post Staff| Switching from conventional ‘Western’ financial practices to Islamic banking gives distinct advantages to banks, with the change improving the liquidity and value of stocks, a study of the merger between a Bahrian Islamic bank and a conventional bank revealed. Researchers at the Universities of Birmingham and Brighton studied a merger that took place in Bahrain, between an Islamic bank and a conventional bank […]
|By Arabian Post Staff| Abu Dhabi’s Masdar City without light switches or water taps has much to teach people around the world about saving energy and precious resources. With its low-rise and energy efficient buildings, smart metering, excellent public transport and extensive use of renewable energy, the 2,000 citizens of Masdar City are living in a place which is a ‘green’ example to city planners around the […]
|By Matein Khalid|I had written a column two weeks ago outlining my view that US equities faced a dangerous autumn and the S&P 500 index was set for a fall of 150 points. However, even I did not expect the S&P500 index to fall 52 points on Friday (the Dow dropped 394 points and NASDAQ 133 points), its worst performance since the Brexit shock. It was even […]
By Se Young Lee | SEOUL SEOUL Samsung Electronics Co Ltd’s shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries. Investors had wiped 15.9 trillion won (14.3 billion) off the South Korean firm’s market capitalisation as of 0303 GMT, as […]
FRANKFURT Volkswagen’s luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world’s largest car market. Audi and FAW-Volkswagen, VW’s joint venture with FAW Car Co Ltd, have signed letters of intent with Alibaba, Baidu and Tencent, Audi said on Sunday. Financial terms were not disclosed. Parent Volkswagen has been hobbled by a scandal over the […]
/By MAYA KOSOFF/Vanity Fair/Apple, which reportedly spends more than a billion dollars a year to outsource its cloud infrastructure to Amazon, Google, and Microsoft, is working on a secret project to ditch its competitors. The internal initiative, code-named “McQueen”— yes, like that Steve McQueen—is Apple’s attempt to break its reliance on other cloud providers by creating its own platform,Re/code reports. Sources said Apple could break even on […]
By Se Young Lee and Jeffrey Dastin | SEOUL/NEW YORK SEOUL/NEW YORK A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. Following reports that the phones’ batteries have combusted during charging and normal use, the U.S. Consumer Product Safety Commission […]
By Terje Solsvik and Yasmeen Abutaleb | OSLO/SAN FRANCISCO OSLO/SAN FRANCISCO Facebook Inc on Friday reinstated a Vietnam War-era photo of a naked girl fleeing a napalm attack, after a public outcry over its removal of the image including harsh criticism from Norway’s prime minister.In a clash between a democratically elected leader and the social media giant over how to patrol the Internet, Norway Prime […]
|By Steve Austin| At first sight it appears that low oil prices are good for society. A low oil price helps us save dollars at the pump, acts as an economic catalyst making exchanges cheaper and thereby stimulating the economy. However, there are downsides as well, often out-of-sight-out-of-mind and we will address these today. Change in economic model For the first time we have entered an era […]
|By Arabian Post Staff| There is a growing digital divide between those wealth managers who offer engaging and client-friendly websites that are continually updated and improved, and those who are lacking in a number of key areas. The quality of the websites of the latter group is, at best, stagnating, and mobile websites in particular remain a weakness. These are the key findings of the new report […]
/By Matein Khalid/The oil market has been a rollercoaster in 2016. A global financial panic triggered by China’s yuan depreciation caused Brent crude to fall below $30 a barrel in late January. I was amazed at the sheer scale of the speculative short positions accumulated by oil traders and hedge funds in both West Texas and Brent futures markets, the highest since the oil crash of 2008. The […]
|By Arabian Post Staff|Nearly half of the travellers believe losing money is one of the top-three threats they may face abroad, and credit card compromise is considered to be a top-three threat by 35% of users, according to research by Kaspersky Lab. The research also highlighted that there is a real danger when it comes to losing money when traveling: 22% of respondents have experienced such a […]
