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|By Arabian Post Staff| Saal, an innovative technology company based in Abu Dhabi, has launched saal.ai – a revolutionary artificial intelligence (AI) framework, an enabler, ready to transcend and redefine current practices across industries and fuel economic and social growth. Capable of cognitive tasks such as reasoning, inference and retrieval, using data collected from multi-modal sensor inputs, saal.ai uses advanced computing and machine learning techniques to perform actions in the AI […]

By James M Dorsey The Middle East has a knack for sucking external powers into its conflicts. China’s ventures into the region have shown how difficult it is to maintain its principle of non-interference in the internal affairs of other states. China’s abandonment of non-interference is manifested by its (largely ineffective) efforts to mediate conflicts in South Sudan, Syria and Afghanistan as well as between Israel and Palestine and even between Saudi […]

|By Anand Vardhan|Shaikha Hind Al Qassimi, member of the royal family of Sharjah, is a multifaceted personality with an enviable record as a painter, publisher and fashion designer. She has set up a number of businesses that reflect her interests, among them a fashion house that showcases exquisitely designed abayas, which combine luxurious functionality and style. Her signature brand, ‘House Of Hend’ retails in several countries in […]

By James M. Dorsey Saudi Arabia, in an indication that it is serious about shaving off the sharp edges of its Sunni Muslim ultra-conservatism, has agreed to surrender control of the Great Mosque in Brussels. The decision follows mounting Belgian criticism of alleged intolerance and supremacism that was being propagated by the mosque’s Saudi administrators as well as social reforms in the kingdom introduced by Crown Prince Mohammed bin Salman, including […]

|By Arabian Post Staff| DP World Ltd., the Dubai-based port operator that manages terminals from Hong Kong to Peru, and India’s National Investment & Infrastructure Fund (NIIF) plan to jointly invest up to US$3 billion in the South Asian nation, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, disclosed at the sixth World Government Summit (WGS 2018) in Dubai. During a panel discussion titled […]

While there are many ways in which medical science is using digital techniques and artificial intelligence (AI) to make life-saving decisions., the science and art of animation holds the potential to help revolutionize healthcare. Once the province of movies and cartoons, more realistic computer-generated imagery in medical science is providing solace to patients undergoing harsh treatments. And at the meeting point of movies and medicine, doctors are […]

Heart Disease – An infographic by GeriatricNursing.org   Every year over 1.2 million people suffer from a heart attack due to coronary heart disease. The probability that a person may die from heart attack is 40 out of 100. According to the latest estimations, more than 335,000 of these heart attack patients are estimated to die even before reaching the hospital or the emergency ward. In the […]

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|By Arabian Post Staff| Flight bookings for travel to the Middle East and Africa grew by 10.5 percent in 2017 and growth is set to continue in the first quarter of 2018, as bookings are currently 11.2 percent ahead of where they were at this time last year according to ForwardKeys, the company that helps forecast future travel by analysing around 17 million flight booking transactions a […]

|By Arabian Post Staff| Fujairah, which hosts the Middle East’s largest commercial storage capacity for refined oil products, has engaged S&P Global Platts in a 3-year agreement to distribute the Emirate’s weekly inventory data as part of its effort to position the Indian Ocean port-city as a global oil trading and storage hub. After a successful one-year publishing agreement, the Fujairah Oil Industry Zone (FOIZ) agreed to extend […]

|By Matein Khalid| I had projected a bloodbath in the US Treasury bond market since late 2016, when it was obvious that Trump’s tax reform would double the US budget deficit at the same time as the Federal Reserve prepared to “normalize” or shrink its balance sheet by $470 billion. Fiscal stimulus is often a policy ballast amid a depression, as in the early 1980’s or 2009, not […]

|By Arabian Post Staff|Emirates Airline has signed a Memorandum of Understanding (MoU) to acquire up to 36 additional A380 aircraft. The agreement was signed this morning at the airline’s headquarters in Dubai by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft. The commitment is for 20 A380s and an option for […]

|By Arabian Post Staff| Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to collaborate on Distributed Ledger Technology (DLT) implementation in post trade operations, as well as capital market transactions. Today, securities processing, particularly in areas requiring multi-party contact and involving extremely cumbersome manual processes carry […]

|Mark Ackerman| Automation has the ability to transform society for the better. Every day I see the powerful impact it can have, revolutionising the way business and everyday tasks are done, saving time, money and delivering game-changing economics. It will increase productivity, which is essential for future growth and prosperity. It will also see the end of employees spending time on mundane, repetitive tasks, instead freeing up […]

|By Matein Khalid| When I first started on a Treasury bond futures trading desk in New York fresh out of Wharton, a senior mentor once advised to keep track of the four heartbeats of gold finance in real time. The price of money (interest rates), the price of currency (the US dollar), the price of oil and the price of gold.   The price of money can be […]

Carillion, the British company building a number of high profile construction projects across the Gulf region, including building part of the infrastructure for Qatar 2022 World Cup, has collapsed. The implications of the development on the Qatar World Cup are yet unknown. British media reported that Carillion collapse is one of the UK’s biggest corporate failures, leaving the future of some of its Middle Eastern projects unclear. The […]

|By Matein Khalid| Dubai based Gulf Islamic Investments (GII) acquired a one million square foot Amazon logistics center in Dortmund, Germany for $144 million. This deal is a testament to the boutique global merchant bank created in Dubai by GII’s co-founder/CEO Pankaj Gupta, who I am honored to call a friend. I consciously model my own firm Asas Capial on the strategic path laid out by GII and […]

By Saifur Rahman Indian investors top the list of foreign nationals with Dh15.6 billion investment in Dubai’s real estate in 2017, according to Dubai Land Department. Although this is higher compared to Dh12 billion invested by Indian nationals in Dubai’s real estate in 2016, this is still lower compared to the peak figure of Dh20 billion invested by Indian nationals in 2015, Dubai Land Department statistics show. Indians […]

|By Arabian Post Staff| DP World’ made a capital spending of over $1 billion in 2017 for a series of acquisitions, technology tie-ups and other activities, the company said in a statement. These investments saw the global trade enabler expand its business horizons across the world during the year. The expansion at Prince Rupert in Canada opened for business, DP World Limassol in Cyprus opened a new […]

By Manish Rai Last year in June Saudi Arabia, the UAE, Bahrain and Egypt imposed a land, sea, and air blockade on Qatar for its alleged support to terror outfits and being too close to Iran. The Arab neighbours thought that by imposing this blockade they can pressurise Qatar to set aside its own ambitious foreign policy and toe the line of its bigger neighbours. But during […]

|By Matein Khalid|The rise in Brent crude to $60 a barrel and the trade volume ballast generated by the world’s first post Lehman synchronized economic recovery is hugely positive for UAE economic growth in 2018. After all, the UAE is unique because Abu Dhabi’s 100 billion barrels of proven oil reserves is complemented by Dubai’s role as the Gulf’s financial, logistics, aviation, shopping and services hub. The […]

|By Arabian Post Staff| : The UAE once again captivated the world this New Year’s Eve with a dazzling spectacle to usher in 2018. Emaar’s ‘Light Up 2018’ Downtown Dubai celebration hosted more than a million visitors from across the world and reached an estimated 2.5 billion people worldwide through live television broadcast and social media live streams. The mesmerising laser, light and musical fountain show not only […]

|By Arabian Post Staff| After posting a 10 per cent year-on-year rise in MENA region profits in 2017, Saxo Bank, the online multi-asset trading and investment specialist, has consolidated its high-performing Dubai station as its regional hub of operations. The double-digit annual profit growth across the region, which has elevated MENA to the company’s third most profitable operation this year, had led Saxo’s Head of MENA, Mario Camara, […]

|By Alaa Alghamdi| One of the most powerful ways in which individuals can understand the worldview of another culture is through art. Even if economics, politics, and lifestyles may divide different nations, art can provide a common, sympathetic connection and remind others that similarities between human beings are greater than differences. This is one of the underlying rationales for Desert to Delta, an exhibition of art and cinema […]

|By Arabian Post Staff| UAE-based multinational company, Crescent Enterprises, has announced the successful closing of its investment in ColubrisMX and XCath, two next-generation micro-robotic medical device companies through its newly launched corporate venture arm, Crescent Enterprises Venture Capital (CE-VC). Developed at the University of Texas Medical School’s Microsurgical Robotics Laboratory and incorporated in Texas, USA, both companies design and develop next-generation robotic technologies that are expected to revolutionise […]

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