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Technology

China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval fails

BEIJING - Almaghrib Today

Ant Financial, an affiliate of Chinese Internet titan Alibaba, has been forced to abandon a $1.2 billion (SR4.5 billion) deal to buy US remittances firm MoneyGram after failing to get approval from regulators in Washington. The decision by the Committee on Foreign Investment (CFIUS) will deal a blow to Alibaba boss Jack Ma’s push into the world’s biggest financial marketRead more

India’s new ‘driverless’ metro train keeps driver for now

New Delhi - Al Maghrib Today

India’s capital launched a metro train with driverless technology Monday, though officials said it would operate with a driver for at least a year or two. Prime Minister Narendra Modi took an inaugural ride on a short section of the 12.6-kilometer (7.8-mile) Magenta Line, which connects the southern part of New Delhi with the satellite city of Noida, an ITRead more

Saudi king orders $19 bn stimulus for private sector

Riyadh - Al Maghrib Today

Saudi King Salman on Thursday issued a decree allocating 72 billion riyals ($19.2 billion) of stimulus funds to support the Saudi private sector. The package aims to boost the role of the private sector in light of economic reforms to diversify the Saudi economy away from oil following a slump in crude prices. The funds will be used to financeRead more

Christmas Gift Guide

London - Al Maghrib Today

Luxury lifestyle consumer title The Glossary is calling in images and products for a Christmas gift guide feature. The magazine is looking for standout products across fashion, beauty, perfumes, wellness, fitness, art, food & drink, travel, interiors, design, books, pets, mens and technology. The Glossary features solely luxury brands, and there is with no price point restriction. Please send allRead more

Mars surface 'more uninhabitable' than thought

Paris - AFP

Hopes of finding life on Mars, at least on the surface, were dealt a blow Thursday by a study revealing that salt minerals present on the Red Planet kill bacteria. In lab tests on Earth, the compounds known as perchlorates killed cultures of the bacteria Bacillus subtilis, a basic life form, a research duo from the University of Edinburgh’s SchoolRead more

Dutch invent phone app to stop kids texting on bikes

Hague - AFP

In the bike-mad Netherlands, the national phone company is developing a smart way to stop kids texting while cycling -- a growing cause of teenage accidents. A new app from phone company KPN will block internet and phone signals to a cyclist's smartphone while they are in the saddle. "This system is part of a broad campaign to highlight toRead more

Apple opens new round in battle with Qualcomm

California - AFP

Apple has expanded its legal battle against Qualcomm, accusing the US chip maker of charging for invalid patents in the latest twist in the clash between the two tech giants. In legal filings in a federal court in California on Tuesday, Apple claimed that several Qualcomm patents were invalid because they conflict with existing patents, while other patents were notRead more

Smart Dubai Office Board of Directors review implementation

Dubai - WAM

The Board of Directors of Smart Dubai Office held its 10th meeting to review updates on the implementation of its Smart Dubai Strategy 2021. During the meeting, which was presided over by Saeed Mohammed Al Tayer, Chairman of the Board, board members discussed further steps for strategy implementation and management. Smart Dubai Strategy 2021 was launched by H.H. Sheikh HamdanRead more

ISNR Abu Dhabi 2018 to feature second edition of Infosecurity Middle East

Abu Dhabi - WAM

Reed Exhibitions has confirmed that the second edition of Infosecurity Middle East, the Gulf’s specialist event securing vital government and critical data against cyber threats, will once again run as a co-located event on the side-lines of the eighth International Exhibition for National Security and Resilience, ISNR Abu Dhabi 2018. The announcement came during the participation of representatives from ReedRead more

Dutch firm aims to deliver first flying car in 2018

Raamsdonksveer - AFP

From "The Jetsons" to "Chitty Chitty Bang Bang", flying cars have long captured the imagination. While several futuristic projects are under way in different countries, a Dutch design may be the first one sold and soaring into the skies. After years of testing, the PAL-V company aims to pip its competitors to the post. It is poised to start productionRead more