ABU DHABI // They may sound like the stuff of science fiction, but driverless cars could be key to reducing the number of accidents in the UAE, experts say. More than 90 per cent of accidents involve driver error and machines have been proven to drive more reliably than humans, said Lee Woodcock, global product director for intelligent mobility at the engineering consultancy Atkins. “The potential is […]
ABU DHABI // Love the idea of Pokemon Go, but can’t be bothered putting in the leg work? There is a solution – but it doesn’t come cheap. Players at advanced levels are selling their accounts for up to Dh15,000 on classified websites. Omar Moued, 29, decided to try his luck on dubizzle.com after watching a video about a player in the UK who sold his account […]
A worker climbs outside an Apple store in Hong Kong April 10, 2013. Reuters/Bobby Yip/File Photo HONG KONG Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm’s biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats. A handful of unofficial Apple stores were picketed and social media users […]
The good news is that most of the people who buy the Apple Watch like the product. The bad news is that not as many are buying the device as last year. Although the Apple Watch is still the leader in the new world of smart watches, holding a 47 percent market share in 2016, that figure is down from the 72 percent share it held in […]
INTERNATIONAL. Even before the failed military coup, Turkey’s President Erdogan governed like a dictator who had the last word on all state matters. The botched coup was nothing but, as he put it, “a gift from God” to purge what is left of Turkey’s democracy and cleanse the army and judiciary in order to ensure the total subordination of all institutions to his whims. For Erdogan, being […]
EGYPT. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Cairo Real Estate overview report determining the factors affecting all sectors in the real estate market. In March, Cairo’s Central Bank announced the devaluation of the Egyptian pound from EGP7.78:US$1 to EGP8.85:US$1 in order to boost the banking system to attract foreign investment and finance major projects, as well as […]
The culmination of the world’s first tournament of automated computer security systems is set to take place in Las Vegas, Nevada on August 4. The Cyber Grand Challenge (CGC) will be hosted by DARPA (Defense Advanced Research Projects Agency) in the Paris Hotel, where seven security teams will put their automated systems to the test for a chance to win almost $4 million in prizes. “Today’s approach […]
For the past few years, scientists around the world have been studying ways to use miniature robots to better treat a variety of diseases. The robots are designed to enter the human body, where they can deliver drugs at specific locations or perform precise operations like clearing clogged-up arteries. By replacing invasive, often complicated surgery, they could optimize medicine. EPFL scientist Selman Sakar teamed up with Hen-Wei […]
The death of King Albert I of Belgium in 1934 — officially a climbing accident — still fuels speculation. Forensic geneticist Maarten Larmuseau and his colleagues at KU Leuven (University of Leuven, Belgium), have now compared DNA from blood found on the scene in 1934 to that of two distant relatives. Their analysis confirms that the blood really is that of Albert I. This conclusion is at […]
DHAKA/NEW YORK Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion (£757 million) to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident. When hackers broke into the computers of Bangladesh’s central bank in February and sent fake payment orders, the Fed was tricked into […]
Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada in this January 7, 2014, file photo. Reuters/Robert Galbraith/Files SAN FRANCISCO Former Yahoo executive Dan Rosensweig has not worked at the pioneering internet company in nearly a decade. But last week, as Yahoo Inc (YHOO.O) prepared to sell its core internet business, he was sporting a Yahoo T-shirt […]
People play the mobile phone game Pokemon GO in a park in Central Jakarta, Indonesia July 21, 2016. Reuters/Iqro Rinaldi JAKARTA Avid players of smash-hit mobile phone game Pokemon GO in Indonesia, home to the world’s largest Muslim population, are not letting religious decrees or security warnings get in the way of their mission to catch their next cartoon creature. Nintendo’s augmented reality app, in which players […]
|By Arabian Post Staff|Iran is exploring a return to international debt markets for the first time since 2002, a senior government official said, as the Islamic Republic seeks to finance an economic recovery a year after a historic nuclear deal that offered it a route out of isolation, Bloomberg reported. It quoted Economy Minister Ali Tayebnia, whose ministry is at the forefront of securing Iran’s access to […]
Well that didn’t take long. Just two years after its debut as a standalone app, Facebook is reporting that Messenger has reached more than 1 billion active monthly users. That’s in addition to the more than 1 billion users on WhatsApp, the company’s other popular messaging app. Facebook’s main app, with 1.5 billion active monthly active users, is believed to be the single most popular iOS app […]
Data centers are notorious for how much energy they require. Now, however, Google thinks it has found a way to mitigate that problem. Over the last few months, the tech giant has been using an artificial intelligence (AI) system built by DeepMind to control certain parts of its data centers to make its vast server farms more environmentally friendly. DeepMind is the British AI company that Google […]
|By Arabian Post Staff|Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Bloomberg reported quoting Energy Minister Khalid Al-Falih. The country, the world’s largest oil-producing nation, eventually will have a shipping fleet that will match its oil capabilities, Al-Falih said in Riyadh. Saudi Arabian Oil Co., or Aramco, will need more tankers to meet global […]
UAE. JLL, the world’s leading real estate investment and advisory firm, today has released its Q2 2016 Dubai Real Estate Q2 Overview report that evaluates the impact of Britain’s exit from the European Union on the Dubai Real Estate Market across office, residential, retail and hotel sectors. Dubai caters to the most open real estate market within the region and as a result is more susceptible to […]
Until quite recently, creating a hologram of a single photon was believed to be impossible due to fundamental laws of physics. However, scientists have now successfully applied concepts of classical holography to the world of quantum phenomena. A new measurement technique has enabled them to register the first ever hologram of a single light particle, thereby shedding new light on the foundations of quantum mechanics. (via WSJ […]
A self-driving car by Google is displayed at the Viva Technology event in Paris, France, June 30, 2016. Reuters/Benoit Tessier BERLIN Germany plans new legislation to require manufacturers of cars equipped with an autopilot function to install a black box to help determine responsibility in the event of an accident, transport ministry sources told Reuters on Monday. The fatal crash of a Tesla Motors Inc Model S […]
|By Matein Khalid|Brexit will have a profound impact on international banking. It was no coincidence that the shares of UK, German, Swiss, Italian, Spanish and other banks fell 20-25% in a single trading session on news of Brexit. Even American money center banks and investment banks with a large footprint in the City of London fell 8 – 10% on Friday, June 24, 2016. As Deutsche Bank […]
Elton John, Selena Gomez, Major Lazer and All Saints are among the raft of international stars to perform in the UAE before the year is out. The names have been revealed as part of the upcoming autumn season of concerts at Dubai’s new Autism Rocks Arena. John will perform at the purpose built venue, at Dubai Outlet Mall, on December 15. Appearing as part of the next […]
INTERNATIONAL. The Bloomberg Commodity Index, which tracks the performance of 20 major commodities split evenly between energy, metals and agriculture, continues to show a gain of more than 10% in the year to date. Some softness, however, has crept in during the past few weeks with some sectors, most notably energy, pausing after rallies in oil and natural gas ran out of steam. Industrial metals found support […]
INTERNATIONAL. Stock markets received a welcome boost during trading on Thursday following the Bank of England’s decision not to change interest rates which eased the ongoing Brexit fears, consequently lifting risk sentiment. Asian markets were elevated in the early sessions of Thursday after China’s better than expected GDP results alleviated concerns over slowing economic growth in the world’s second largest economy. Although European markets initially tumbled after […]
UAE. Implementing change strategies to reinvent the value proposition of the Islamic financial services industry is high on the agenda of industry leaders, according to Deloitte’s new whitepaper entitled “The catalysts for change: Strategic priorities in governance and regulation in Islamic Finance practice.” This necessity is fueled by recent global economic downturn coupled with geopolitical risks that have put more pressure on industry strategists and policymakers. The […]
