Bahrain LNG, the developer of the Gulf state’s receiving and regasification terminal for liquefied natural gas (LNG), has closed a $741 million syndicated loan for the platform’s construction, according to a company statement on Monday. “The project is being developed to supplement local gas production in Bahrain and ensure capacity to meet peak seasonal gas demand and industrial growth,” the statement said. While the Gulf region is […]
Tuesday 02:10 GMT Overview Stocks around Asia were on the back foot after Wall Street fell back from record highs while the dollar softened and oil prices struggled to extend gains. Hot topic China has popped back on to investor radars, with mainland stocks falling on Monday by the most in months in the wake of authorities ramping up efforts to crack down on risky equities investments. […]
SHANGHAI China will appoint “river chiefs” to prevent pollution in the nation’s waterways, the official Xinhua news agency reported on Monday, in the latest step taken by Beijing to rein in environmental damage. With the evolution of China from an agricultural nation to an industrial one, toxic pollutants from factories have increasingly seeped into the environment, leading to health problems among the population. A detailed system for […]
Trading volumes across markets have soared following the US presidential election, a boon to Wall Street investment banks as money managers prepare for a new environment under the future Trump administration. Since the November election result, there have been seven days when more than $20bn of investment grade debt has traded hands — a level that had previously only been breached 18 times since data has been […]
· Chamber organised study mission to explore trade and investment opportunities in St. Petersburg · Delegation discussed Dubai-Russia trade ties with key stakeholders from the city’s public, private sectors 12 December 2016As part of its efforts to explore new business opportunities for its members and promote Dubai as a global business hub, Dubai Chamber of Commerce and Industry recently conducted a study […]
DUBAI // A 30-year-old tourist confessed to working as a prostitute when she appeared at Dubai Criminal Court. The Nigerian woman was caught by a security guard inside a men’s accommodation block in the Al Quoz industrial area where she had sex with several men for Dh150 each in October this year. “The security guard told me that he caught the woman after she got out of […]
The recent deal to keep Carrier jobs in the United States is not at all unusual. It only received so much press because Trump made it a campaign issue and saw an opportunity to record a big early PR victory before he even took office. Government and corporations cooperate, negotiate deals, scratch each others backs, kickback ill-gotten gains, and function as a career advancement funnel for corrupt […]
Monday 02.15 GMT Overview Markets around Asia were mostly higher, buoyed by a surge in oil prices and following on from another set of records for Wall Street on Friday. Hot topic Ahead of the Federal Reserve’s policy meeting on Wednesday, government bond yields are hovering at their highest levels in months. Of note, the yield (which moves inversely to price) on the benchmark 10-year US Treasury […]
11 December 2016 Dubai: Dubai SME, the agency of the Department of Economic Development mandated to develop the Emirate’s small and medium enterprise (SME) sector, and Al Tamimi & Company, the largest law firm in the Middle East which specialises in patents and innovations, have signed a memorandum of understanding (MoU) to support entrepreneurial innovations and patents. The MoU reflects both parties’ commitment to achieving the UAE’s vision […]
Combining silicon with an optically active material enables tiny lasers compatible with industrial fabrication techniques, report scientists. (via WSJ)
Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports as well as Khalifa Industrial Zone, has hailed the opening of the new Mohammed bin Rashid Road as a “major milestone”. Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said in a statement that the new highway, which opened on Tuesday, will enable Khalifa Port’s expansion and growth plans. Al […]
10 December 2016 Dubai, UAE: Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. The project uses the Independent Power Producer (IPP) procurement model on a Build Own Operate (BOO) basis and is supported by a 25-year Power Purchase Agreement (PPA) with DEWA. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the […]
Ghana re-established its reputation as one of Africa’s cleanest democracies on Friday when authorities proclaimed opposition leader Nana Akufo-Addo, 72, a British-educated lawyer and veteran statesman, as the next president. The victory by Mr Akufo-Addo’s centre New Patriotic party, after eight years of rule by the left-leaning National Democratic Congress, triggered wild celebrations across much of the country. It follows the surprise electoral defeat last week of […]
Submitted by Nomi Prins via TomDispatch.com, Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally? It’s […]
Electronic storage detection canine Iris of the New Jersey FBI helps investigators search the home of New York City terror suspect Ahmad Khan Rahami, who set off bombs in Manhattan and on the Jersey Shore, in September 2016. Image: Connecticut State Police This article originally appeared on TechRepublic. The call came at 5:30 am on a hot July morning in 2015. The Indianapolis Metropolitan Police Department told […]
Friday 06:00 GMT Overview Markets across Asia were mostly higher as investors reflected on record highs for Wall Street and the European Central Bank’s decision to tweak its asset purchase programme. European bourses are expected to open little changed, with spreadbetters predicting the UK’s FTSE 100 will be flat at 6,932 and Germany’s Dax to add 7 points to 11,186. US index futures suggest the S&P 500 […]
Evolution is working hard to rescue some urban fish from a lethal, human-altered environment, according to a study. Atlantic killifish living in four polluted East Coast estuaries have adapted to levels of highly toxic industrial pollutants that would normally kill them. Source
Brisbane-based Oventus Medical has opened a new 3D printing facility at the Commonwealth Scientific and Industrial Research Organisation’s (CSIRO) Clayton, Victoria campus. The facility builds on an existing partnership between Oventus and CSIRO, and will see the publicly-traded company produce its O2Vent device, a customisable, 3D-printed titanium mouthguard designed ensure optimal airflow and reduce the effects of snoring for sleep apnoea sufferers. Oventus has been developing O2Vent […]
08 December 2016 “The power and energy landscape in Africa is undergoing significant change” says Evan Schiff, African Utility Week event director, adding that current trends include “the availability of private investment for power and energy projects, the fast development of energy storage, renewable energy is becoming cheaper, gas that is an increasingly attractive mode of power generation in Africa, and that in the next 10 years, […]
Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump’s Nov. 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations. Supporting the upbeat sentiment on Thursday was a report that showed the number of Americans filing for unemployment benefits […]
Thursday 21:00 GMT Overview The European Central Bank’s latest policy surprise fuelled a volatile session for the euro and government bonds as participants appeared, initially at least, to struggle to assess its implications. But European stocks rose to 11-month highs while Wall Street overcame an early bout of fatigue to set yet more record peaks. Oil prices resumed their upward path, even as a stronger dollar unsettled […]
I spot the ship long before the car pulls up to the cruise terminal at Abu Dhabi’s Mina Zayed. Part of the Celebrity Cruises fleet, the stately Celebrity Constellation – dark blue and white, and marked with a distinctive “X” logo at the top – stands 13 decks tall. Orange lifeboats hang high on Deck 5, and the shaded gangplank looks like a tunnel boring into the […]
Now is an exciting time in the tech world due to the insane pace of its development. This narrative has just been reinforced with the introduction of Bluetooth 5, which features double than its predecessor’s speed and an incredible quadrupled network range. Bluetooth 5 Launch The technology was announced early this year and is being touted as one of the enabling mechanisms that will support the emergence […]
US stocks hit fresh highs on Tuesday led by transportation, as investors solidified their bets on an improving economy under the Trump administration. The benchmark S&P 500, Dow Jones Industrial Average and Nasdaq Composite each clinched their best daily performances since the day before the US election, with the first two also setting new records. Stock markets have been invigorated by the possibility of a wave of […]
