|By Arabian Post Staff| Dubai ports operator DP World Ltd. has selected more than a dozen banks for its sale of Islamic bonds in a deal that may be announced as early as Monday, Bloomberg reported quoting two people familiar with the issue. A benchmark-sized issue usually raises at least $500 million. The agency said 15 lenders have been hired for the offering of dollar-denominated, benchmark-sized securities, said […]
WASHINGTON // Researchers dived hundreds of times into a sinkhole in Florida’s Aucilla River and retrieved some of the oldest evidence of human presence in the Americas, including stone tools apparently used to butcher a mastodon. Scientists said the tools, animal bones and mastodon tusk found at the site showed that people had occupied the American south-east 14,550 years ago – about 1,500 years earlier than previously […]
Reuters/Denis Balibouse/File photo SAN FRANCISCO Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc’s Internet assets. The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo’s online portfolio, Reuters reported […]
Radio-frequency identification (RFID) tags have proved useful for things like tracking inventory, but they haven’t worked in games and other applications that require fast information processing — until now. A team of researchers from Disney and Carnegie Mellon University have developed a way to use RFID tags for near-real-time interactions with a wide variety of objects. The new system, called RapID, uses probabilistic models to enable computers […]
SAN FRANCISCO Apple Inc’s (AAPL.O) $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. Apple’s investment comes as auto and technology industry executives and investors are placing bets that self-driving car systems, electric vehicles and ride sharing will eventually converge to allow companies to sell rides in self-driving vehicles, […]
In the latest salvo of the battle of the note-taking apps, Google and Evernote announced this week that Google Drive content will now be available in Evernote. In the world of mobile note-taking apps, Evernote is the primary competitor of Microsoft’s OneNote. Evernote had also been competing with Google’s own note-taking app, Google Keep, but Evernote said that integrating with Google Drive content is a natural next […]
A new study from Microsoft has found that organizations now rely more on digital infrastructures than they do on physical infrastructures. The findings indicate that cloud deployment models have now overtaken any other type of deployment in the technology sector, according to the company, which asked tech research firm 451 Research to conduct the study. “As organizations prepare for major business and technology changes, they will depend […]
ABU DHABI // Solar Impulse 2 landed in safely in Tulsa, Oklahoma on Friday, completing the 11th leg of its round-the-world flight using only solar energy. Piloted by Swiss co-founder Bertrand Piccard, the 1,570-kilometre leg took 18 hours and 10 minutes. It was the project’s third mission flight this year after crossing the Pacific Ocean from Hawaii to California, and then from San Francisco to Phoenix, Arizona. […]
|By Arabian Post Staff|The heads of governments of two tax havens, under spotlight for disclosures of corruption and black money, advised major world players including the US to set their own houses in order before bullying small territories like theirs. Addressing an anti-corruption summit in London on Thursday, Allan Bell, chief minister of the Isle of Man, and Cayman Islands Premier Alden McLaughlin called on the U.S. and […]
The latest developer version of Opera Software’s browser features a power-saving mode the company said can extend a laptop’s battery life by almost 50 percent, compared to previous versions of the browser as well as Google Chrome. Opera 39 includes a feature that activates when a laptop is unplugged from a power source. When that happens, a battery icon appears next to the browser’s search and address […]
German tech giant SAP said that it will be expanding the enterprise offerings available on its HANA Cloud Platform for Internet of Things (IoT). Making the announcement at the IoT World 2016 conference being held in Santa Clara, Calif., this week, SAP said the new offerings will be focused on helping enterprises provide new customer outcomes. “SAP is helping customers map their journeys through digital transformation, and […]
A long-rumored app from Google aims to make browsing with a mobile device easier than ever. The company today launched Gboard, a new application for iOS that enables Google search directly from a mobile device’s keyboard. The app makes searches simpler and also offers swipe-based typing and access to GIFs and such commonly used keyboard functions as emojis and word predictions. And the keyboard integrates directly with […]
UAE. According to a new survey released by PwC Middle East, capital projects and infrastructure has been greatly impacted by slowdowns and deferrals of government spending as a result of ‘lower for longer’ oil prices. PwC Middle East’s survey titled “Delivering during change” includes responses from over 130 owners and developers across the region from a range of sectors including transport, cities and urban development, social infrastructure, […]
UAE. The Middle East and North Africa (MENA) region witnessed only two IPOs raising US$615.0m in Q1 2016, representing another quarter with limited IPO activity, according to EY. Capital raised through MENA firms in Q1 2016 increased by 141%, while the number of IPOs were consistent (2 IPOs), compared with Q1 2015. Phil Gandier, MENA Transactions Leader, EY, says: “Q1 2016 witnessed limited IPO activity, in line […]
The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo FRANKFURT SWIFT’s payment network was not hacked in the $81 million heist on the Bangladesh central bank earlier this year, SWIFT’s chief executive said on Thursday, adding it was unlikely to be the last such attack on a bank. Gottfried Leibbrandt said SWIFT’s network, used by firms and institutions across the […]
A man is seen next to a Firefox logo at a Mozilla stand during the Mobile World Congress in Barcelona, February 28, 2013. Reuters/Albert Gea Mozilla Corp has asked a federal judge to order the U.S. government to disclose a vulnerability in its Firefox web browser that the company says the FBI exploited to investigate users of a large and secretive child pornography website. Mozilla filed papers […]
|By Matein Khalid| The April payrolls data demonstrated that US economic growth has hit a soft patch. The US economy only added 160 jobs in April, less than the expected 203,000 average in the first three months of 2016. One disappointing data point does not imply a macroeconomic trend reversal since the US economy added 2.8 million jobs between March 2015 and March 2016. Statistical and measurement errors […]
Facebook CEO Mark Zuckerberg speaks on stage during the Facebook F8 conference in San Francisco, California April 12, 2016. Reuters/Stephen Lam A U.S. Senate committee launched an inquiry on Tuesday into how social media website Facebook selects its news stories after a report that company employees blocked news about conservative issues from its “trending” list. The Senate Committee on Commerce, Science and Transportation asked Facebook […]
A 3D printed Android logo is seen in front of a displayed cyber code in this illustration taken March 22, 2016. Reuters/Dado Ruvic/Illustration/Files SAN FRANCISCO Oracle Corp and Google faced off on Tuesday in a $9 billion intellectual property retrial, with Oracle accusing Google of stealing programming to become the world’s leading smartphone player and Google saying it acted legally as a true innovator. Oracle claims Google’s […]
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. Reuters/Mike Segar/File Photo Amazon.com Inc launched a service on Tuesday that allows users to post videos and earn royalties from them, setting up the world’s biggest online retailer to compete directly with Alphabet Inc’s YouTube. The service, called Amazon Video Direct, will make the uploaded videos available to rent […]
Separate investigations by the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC) have been launched into how smartphone makers and wireless service providers handle device security updates for their customers. Following a resolution adopted by FTC commissioners Friday, the agency is ordering eight mobile device companies to submit information about how and when they decide to issue security patches for vulnerabilities. The companies that must […]
One of the creators of the artificial intelligence (AI) behind Siri, the digital assistant acquired by Apple in 2010, today demonstrated a next-generation AI called Viv that he said could eventually let people “converse” with any smart device in the Internet of things. Siri creator Dag Kittlaus currently runs a San Jose startup called Viv Labs, founded with fellow Siri creator Adam Cheyer. (Another Siri creator, Tom […]
|By Arabian Post Staff| The UAE has earned the distinction of being the fastest growing market in the world for card transactions. The UAE is a clear front runner in a rapidly expanding regional payment environment as card transactions experienced an estimated 10 percent growth in 2015 compared to the previous year, amid a total 24 per cent growth in the MEA region, making it the fastest expansion rate in card transactions in […]
|By Arabian Post Staff|In further signs of consolidation by pro-reform Saudi Deputy Crown Prince Mohammed bin Salman, Saudi Arabia’s King Salman ordered the replacement of his central bank chief and Oil Minister Ali Al-Naimi, the most influential personality of the oil industry yet. The moves are understood to be influenced by the sweeping economic changes spearheaded by the Deputy Crown Prince as part of his visionary plan […]
