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Dubai, UAE, 17 March 2017 For over five decades, Dubai Electricity and Water Authority (DEWA) has played a significant role in supporting the social, economic, and environmental development of Dubai, using a set of pioneering programmes and initiatives. This has contributed to the leading position DEWA enjoys today, and has reinforced the concept of Corporate Social Responsibility (CSR) to be more inclusive and effective. DEWA has launched […]

Retail stocks were once again heading straight for the discount bin on Wednesday. Struggling department store operator Macy’s was the day’s biggest decliner on the S&P 500, dropping 2 per cent to $30.32 following news that one-time suitor Hudson’s Bay now has its eyes on upmarket retailer Neiman Marcus instead. Shares in Macy’s, which have been languishing at six-year lows amid falling sales and profits, had rallied […]

Underlying net profit up 7.3%, driven by continued margin expansion Aamal Company Board recommends a cash dividend of 6% (QAR 0.60 a share) Doha, 15 March 2017  The Board of Directors of Aamal Company QPSC (“Aamal”), one of the GCC’s fastest growing diversified companies, today announces the financial results for the year ended 31 December 2016 Financial Highlights Group revenue marginally down, by 1.8%, to QAR 2,829.1m […]

In this Monday, March 13, 2017 photo, a Uniti employee works on prototype steering controls, at the startup’s temporary production facility in Lund, Sweden. A group of Swedish students that raised 1.2 million euros in crowdfunding for their startup to build electric cars has caught the attention of German industrial heavyweight Siemens. The two sides said Wednesday that they were starting a partnership that will see them […]

15 March 2017 Dubai, UAE – Al Shafar General Contracting Company (ASGC), a leading and award-winning UAE construction group, was the recipient of the Roads and Transport Authority’s Best Mega Construction Projects Contractor Award. The award was presented by Mohammed Obaid Al Mulla, Board Member of the RTA’s Board of Directors, and received by Abdul Aziz Mohamed Bin Shafar, Vice President and Executive Director of ASGC, during […]

Researchers have demonstrated a new bonding technique for surface mounted devices that uses an inkjet printer with ink that incorporates silver nanoparticles. The technique was developed in response to the industrial necessity for a fast, reliable and simple manufacturing process, and with an eye to reducing the environmental impact of the standard fabrication processes. (via WSJ)

Toyota Motor Corp signed a memorandum of understanding (MOU) on Tuesday with a Saudi Arabian government agency to conduct a feasibility study into producing vehicles and parts in the Middle Eastern nation. The move, if firmed up, would be a big step for the Saudi economy as the government tries to diversify beyond oil exports and create jobs as part of the kingdom’s 2030 Vision. So far, […]

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Authored by Charles Hugh-Smith via OfTwoMinds blog, Those urban regions that pursue decentralized, networked, localized solutions will likely prosper as the adaptive advantages of these principles pay self-reinforcing dividends. In yesterday’s entry, I suggested that rather than bemoan the inevitable failure of centralized “fixes,” let’s turn our efforts to the real solutions: decentralized, networked, localized. To commentators such as Richard Florida, decentralized, networked, localized describes cities. He […]

NEW YORK U.S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the U.S. northeast. The Dow Jones Industrial Average .DJI fell 43.76 points, or 0.21 percent, to 20,837.72, the S&P 500 .SPX lost 8.04 points, or 0.34 percent, to 2,365.43 and the Nasdaq Composite .IXIC dropped 18.97 points, or 0.32 percent, to […]

When Strata + Hadoop World comes around in the US, once a year in New York and once a year, as it is now, in San Jose, CA, it’s a bit of a news feeding frenzy. I’m not even at the event; I was merely pre-briefed by four vendors, last week and yesterday, with announcements they’re making this morning. And still, it’s a lot. Cloudera told me […]

Hackers can exploit the insecurity of IoT devices for the purposes of espionage or DDoS attacks Image: iStock Cyberattacks exploiting the insecurity of the Internet of Things and hackers increasingly attempting to compromise industrial connected devices represent some of the biggest threats to the UK, those responsible for ensuring national security have warned. Citing incidents including the internet crippling Mirai botnet cyberattack and vulnerabilities in a children’s […]

ADDIS ABABA Bereaved families tussled with rescue workers on Tuesday at the site of an Ethiopian rubbish dump where a landslide killed 65 people this weekend. Relatives pushed and shoved the handful of emergency workers, angrily accusing them of delays and saying dozens of people were still missing after Saturday’s disaster at the Reppi dump in the capital of Addis Ababa. Hundreds of people live on the […]

Nervousness in the US stock market has climbed to the highest level since the aftermath of the presidential election, even as equities have charted a mostly smooth path to further all-time highs in recent weeks. Credit Suisse’s fear barometer rose at the end of last week to 35.6, an increase of almost 10 points from the previous week and the highest reading since November 9, the day […]

SEATTLE Aspiring property moguls take note – the town of Tiller, Oregon, is for sale, asking price just $3.5 million. For an extra $350,000, you can have the old school too. The mostly uninhabited, unincorporated town about 225 miles (362 km) south of Portland originally went up for sale in 2015, but that did not include the building that used to house the school, said Garrett Zoller, […]

By Yashaswini Swamynathan The S&P 500 and the Dow Jones Industrial Average were slightly lower on Monday as gains in financials shares – ahead of a widely expected interest rate hike – were weighed down by losses in drug stocks. The Federal Open Market Committee, the central bank’s policy-setting board, is expected to lift interest rates by a quarter point to 0.75 percent-1.00 percent after a two-day […]

ADDIS ABABA Desperate parents scrabbled through a towering pile of fetid garbage in the Ethiopian capital on Monday, screaming the names of missing children buried in a landslide after a mound of trash collapsed on an informal settlement killing at least 50. “My babies, my babies, my little daughter,” cried one man wandering through the site, tears streaming down his face. Neighbors said he had lost four […]

● First Global Manufacturing and Industrialisation Summit to open doorways to encourage public-private sector dialogue ● Inter-sector cooperation to be a key topic of discussion between representatives of government, companies, and NGOs at Global Manufacturing and Industrialisation Summit 13 March 2017 Abu Dhabi, UAE – The Global Manufacturing and Industrialisation Summit (GMIS) has signed a Memorandum of Understanding (MoU) with the General Confederation of Moroccan Enterprises […]

March 13, 2017 by: Lucy Hornby and Archie Zhang in Beijing and Jane Pong in Hong Kong Sceptics about China’s economic statistics have taken a special pleasure in revelations of faked data in the north-eastern province of Liaoning dating at least to 2011. Along with an officially reported contraction in its economy last year, they have given the impression that Liaoning’s economy is unusually troubled. That impression may be […]

Doha, Qatar – 12th March 2017 Nakilat held its Annual General Meeting (AGM) for the financial year 2016 and Extraordinary General Meeting (EGM). During the AGM, Nakilat’s Board of Directors stated that the company achieved a net profit of QR 955 million compared to QR 984 million for the year 2015. The General Assembly reviewed and approved all its agenda. The Board of Directors stated that despite […]

When it comes to renewable energy in Saudi Arabia, there still remains more than a hint of scepticism. Multi-billion dollar plans have come and gone and the kingdom has made little progress developing renewable energy capabilities to harness its advantageous climatic conditions. In 2010, the King Abdullah Centre for Atomic and Renewable Energy (KA-Care) was established to develop the country’s renewable and nuclear capabilities, as the country […]

Saudi King Salman’s stop in the Maldives on his month-long tour of Asia brings into focus how this tiny archipelago – best known for high-end tourism and an existential battle against climate change – has emerged as a key player in a regional struggle for influence. Both Riyadh and Beijing are currying favour with the strategically located 820km-long chain of Indian Ocean atolls, in efforts analysts believe […]

Everspin has shipped over 60 million MRAM chips in the last eight years. So why haven’t you heard of them? MRAM is a different type of nonvolatile memory, with unlimited durability, good speed – 35nsec reads and writes – 20+ years of data durability, lower power consumption than flash, byte addressability, and the ability to endure extreme temperatures. It also costs much more than flash. As such […]

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Saturday, opens Oumolat Security Printing, a banknote printing company in Khalifa Industrial Zone Abu Dhabi. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, is briefed by the Governor of the UAE Central Bank Mubarak Rashed Al Mansoori about the facility’s production machinery. Wam Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on […]

UK and Gulf scientists will be working together on eight cutting edge research projects, thanks to $3.4 million in UK government funding allocated to research projects in areas ranging from nanotechnology to cyber-security. The funding will strengthen scientific ties between the UK and the Gulf region in order to find solutions to shared global challenges, a statement said. The project is led by the Department for Business, […]

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