Albaddad Capital has announced plans to expand its factory space in Dubai to 500,000 sq ft to enable growth in the production of temporary buildings and relief units. Albaddad said in a statement that it expects to triple its growth during the next five years to meet the Emirati market needs and customers’ requirements in the GCC, Africa and Middle East markets, in addition to expanding into […]
Lego is undertaking the biggest organisational shake-up in its 84-year history, in a move aimed at exploiting its toy brand more broadly after a decade of strong growth for the maker of plastic bricks. Under the Danish toymaker’s new structure, its current chief executive, Jorgen Vig Knudstorp — who rescued the brand from near financial collapse in 2004 — will become chairman, taking over from Niels Jacobsen. […]
Submitted by Brian Cloughley via Strategic-Culture.org, Britain, China, France, Russia and the United States are the world’s five «nuclear weapons states», a description officially recognised in the Nuclear Non-Proliferation Treaty (NPT), which lays down that «each nuclear-weapon State Party to the Treaty undertakes not to transfer to any recipient whatsoever nuclear weapons or other nuclear explosive devices…» It is apparent that the word ‘transfer’ involves ownership and not location, […]
Microsoft HoloLens is finally heading to seven new countries in addition to the United States and Canada. As of Dec. 2, the device became available for preorder in Australia, Ireland, France, Germany, New Zealand and the United Kingdom. Customers living in Japan can also avail of the preorder but they will have to wait a little longer since the device will ship in that location next month. Microsoft […]
The federal government has handed out the first round of its AU$8 million Women in STEM kitty in a bid to encourage more female involvement in science, technology, engineering, and mathematics (STEM)-based careers. The AU$3.9 million in funding will be spread across 24 organisations to roll out projects aimed at building interest in STEM for primary school age students, supporting post-graduates and women already pursuing STEM careers, […]
U.S. President-elect Donald Trump said on Monday he would name retired neurosurgeon Ben Carson as secretary of the Department of Housing and Urban Development. The following is a list of Republican Trump’s selections for top jobs in his administration. All the posts but that of national security adviser require Senate confirmation: DEFENCE SECRETARY: JAMES MATTIS Mattis is a retired Marine Corps general known for his tough talk, […]
20 years, to the day, after Greenspan’s iconic speech that warned of the unintended consequences of “irrational exuberance,” we find ourselves, yet again, in the midst of perhaps the largest asset bubble in history. In fact, Greenspan’s warning, previously made in a speech on Dec. 5, 1996, eerily reflects many of the same concerns surrounding the market today with low interest rates and lower risk premiums driving […]
SHANGHAI Chinese trainmaker CRRC (601766.SS)(1766.HK) plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on Monday. CRRC expects a total of $8 billion worth of orders from overseas customers this year, and was also open to teaming up with competitors to win bids in some markets, company executives […]
December 05, 2016 Aluminium Bahrain B.S.C. (Alba), the Bahrain-based leading international aluminium smelter, announced the appointment of Waleed Tamimi today on Sunday December 4, 2016 as the new Director of Administration. A Lean Six Sigma Master Black Belt, Waleed comes from a business management background with a stronghold on operational excellence. He joined Alba in 2011 as a Master Black Belt Specialist in the Operational Excellence Department. […]
Abu Dhabi has revamped the boards of two key state-owned entities, Abu Dhabi Airports and the Tourism Development Investment Company (TDIC), which are handling some of the emirate’s biggest development projects. Company sources gave no reason for the changes, which occurred last month and replaced Ali Majed al-Mansouri, who had served as Abu Dhabi Airports chairman since 2012 and TDIC chairman since 2014. Like other governments in […]
Futuristic racing franchise Wipeout, which has been a part of the PlayStation library since the first game was launched in 1995 has been notably absent on the PlayStation 4, with the last installment in the series being Wipeout 2048 for the PlayStation Vita handheld console. When Shuhei Yoshida, the President of Sony Worldwide Studios, was asked in September last year on whether Wipeout will be making a […]
Small wind farm with several turbines. Credit: sprisi /www.pixelio.de Wind energy has been remarkably successful in providing an increasing share of cheap renewable energy. But can this trend continue to supply more and more renewable energy for decades to come? A new study published by scientists from the Max Planck Institute for Biogeochemistry in Jena, Germany, lowers the expectations of wind energy when used at large scales. […]
Bizarrely enough, it’s difficult to determine what constitutes a “small business” in the United States. The US Small Business Administration has a table of standards [PDF] that ranges from about 250 to over a thousand employees. On the other hand, the Affordable Care Act kicks in certain requirements for businesses with over 50 employees. So, what exactly is small? When I researched my book, How To Save […]
Emirates National Oil Co (ENOC) has announced plans to build 54 new service stations over the next four years. The expansion plan kicked off with the opening of a gas station in the Dubai International Academic City area, the company said in a statement. Saif Humaid Al Falasi, Group CEO of ENOC, said: “Our service station expansion programme is part of ENOC’s wider growth strategy over the […]
By Arno Schuetze | FRANKFURT FRANKFURT Deutsche Bank’s Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, […]
Dubai-based Careem, the app based car booking service, has announced that it is expanding operations into 15 more cities within the next few weeks, with Istanbul, Turkey the latest city to be added. Initially, Careem will operate as an airport service in Turkey, available to customers going to and from the airport, in Mercedes VITO and Volkswagen car models. Within the GCC, Careem said it is answering […]
03 December 2016 Gulf Navigation announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The eastern […]
Dubai-based air services provider dnata has reached an agreement with Canada’s GTA Aviation to purchase a 50 percent stake in its cargo and ground handling operations at Toronto Pearson International Airport. The unit of Emirates Group said the investment marks dnata’s first step into the Canadian market and is a “significant development in the company’s expansion into the Americas”, less than a year after announcing investments in […]
03 December 2016 Abu Dhabi: The food production sector in the Abu Dhabi has enjoyed continued growth in recent years, due to flourishing internal markets and growing export markets. The Emirate’s ability to produce high-quality, competitive and value-added goods, accompanied by a strong logistics network and its strategic geographic location has seen it emerge as one of the most important regional food production and processing centres. As […]
Successful SMEs set to become part of the supply chain for Qatar Shell and Pearl GTL 03 December 2016 Doha: As part of a nationwide strategy to support Qatari small and medium-sized enterprises (SMEs), Qatar Development Bank (QDB) and Qatar Shell will award contracts for five business opportunities; four will be awarded at a special ceremony on 5th December, and a fifth contract will be signed and announced […]
Mr. Mater is now publishing these photos, and more than 600 others, in a book that aims to showcase often-hidden aspects of the holy city. Continue reading the main story The book, “Desert of Pharan: Unofficial Histories Behind the Mass Expansion of Mecca,” provides an unvarnished photographic catalog of the city: labor camps for foreign workers; slums where undocumented residents live; aerial views of scores of construction […]
Service launches in Turkey with more cities to go live in Pakistan, Saudi Arabia and Egypt Dubai, December 1, 2016 Fueled by its market expansion strategy to broaden the reach of its services within the Middle East, North Africa and South Asia, Careem, the region’s leading app based car booking service, recently launched operations in Istanbul Turkey. Within the GCC itself, Careem is answering the high demand […]
App-based service now covers six cities Egypt – offering more local residents a convenient, reliable way to get around town Cairo, Egypt, December 1, 2016 Careem, the region’s leading app-based car booking service, launches today in three new cities in Egypt, extending access to its services to a total of six destinations across the country. The app is now live in Mansoura, Tanta and Hurghada, adding to […]
As a microcosm of the wrenches and stresses enterprise services are experiencing, Cognizant‘s week has been pretty fascinating. Last weekend Elliott Management took an activist controlling role in Cognizant, one of the most strategic services firms, with an open public letter to Cognizant’s management essentially chastising them for too much investment in the future and for not squeezing enough money out of the IT services world as […]
