Shares of Goldman Sachs Group Inc (GS.N) on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post U.S. presidential election rally. The stock reached $220.77 in late morning trading, returning to a point not seen since December 2007. Goldman was the biggest driver for the Dow Jones Industrial Average .DJI adding 56.2 points out of a net gain of […]
/By Maxwell Wessel/The term “big data” is ubiquitous. With exabytes of information flowing across broadband pipes, companies compete to claim the biggest, most audacious data sets. And businesses of all varieties — old and new, industrial and digital, big and small — are getting into the game. Masses of social, weather, and government data are being leveraged to predict supply chain outages. Enormous amounts of user data are being […]
Muscat, November 30, 2016 As part of its on-going support of Small and Medium Enterprises (SME) and in line with the Government’s initiatives to boost the SME sector within the country, Bank Sohar recently participated and sponsored as a bronze sponsor in the fourth edition of the Ebda‘at Omaniya SME Expo; marking its second consecutive year of support for the event. As part of its participation, the […]
A project by a group of schoolgirls has turned into their mission to have microbeads, small pieces of plastic that are found in exfoliants and household cleaners, banned in the UAE as a matter of urgency. ABU DHABI // A UAE school project raising awareness of the impact of microbeads might pale into insignificance in comparison to a US government ban and an impending one in the […]
A new $571 million 62km highway between Abu Dhabi and Dubai has been inaugurated, it was announced on Tuesday. Named the Sheikh Mohammed bin Rashid Al Maktoum Road, the highway is one of the biggest infrastructure projects implemented under Abu Dhabi 2030 Urban Structure Framework Plan, news agency WAM reported. Falah Al Ahbabi, Urban Planning Council director-general said: “The road represents a model for all future roads […]
Graphene is currently one of the most extensively studied materials in the world, both on a scientific and industrial level. The world’s first two-dimensional material, this single layer of carbon atoms arranged in a hexagonal lattice has a series of unique and outstanding properties. As well as being the thinnest, strongest and lightest known material, graphene is flexible, impermeable and extremely electrically and thermally conductive. All properties […]
The Chicago Stock Exchange, which is seeking to win approval for a controversial takeover deal by Chinese investors, on Monday said that two companies controlled by the Lu family would own a combined 39 per cent of the exchange, but their voting power would be limited to 20 per cent. In a filing with the Securities and Exchange Commission, the Chicago exchange detailed the underlying investors in […]
By Sue-Lin Wong | DANDONG, China DANDONG, China A labour agent sat in his bus on a recent frigid morning, waiting to cross the “Friendship Bridge” at China’s main border post with North Korea. He had come to pick up migrant workers and take them to jobs in factories and restaurants in China. The single-lane bridge in the border city of Dandong is the main gateway for international trade […]
Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]
Photo Syrians fleeing rebel-held parts of eastern Aleppo moved on Sunday toward an area controlled by Kurdish fighters. Credit Rumaf, via Associated Press BEIRUT, Lebanon — Thousands of people were sent fleeing for their lives on Monday as rebel fighters lost a large stretch of territory in the northern Syrian city of Aleppo to government forces and Kurdish fighters, in what could prove to be a turning […]
BEIJING Chinese police have formally detained nine people involved in a power plant construction project in the east of the country which collapsed last week killing 74 people, state news agency Xinhua said on Monday. The accident happened on Thursday morning in Fengcheng, in Jiangxi province, during work on a cooling tower for a coal-fired power plant. A tower crane collapsed, triggering the collapse of the entire […]
JOHANNESBURG The new head of South Africa’s anti-graft unit, which this month alleged influence-peddling in President Jacob Zuma’s cabinet, has laid a complaint against her predecessor for leaking a recorded interview with the president, newspaper Sunday Times reported on Sunday. Former watchdog Thuli Madonsela has said she had the right to make public the audio recording after Zuma accused her of not giving him an opportunity to […]
Dubai, November 27, 2016: Al-Futtaim has announced the appointment of Dr. Hayan Sayed as Chief Executive Officer of Al-Futtaim Engineering and Technologies. Part of Al-Futtaim Group Real Estate, Al-Futtaim Engineering is a multi-disciplinary engineering organisation operating across UAE, Qatar and Saudi Arabia with over 30 years of successful operations. Al-Futtaim Technologies is a leading Converged Systems Integrator and provides complete business solutions to large, medium and small […]
When Ioan Gornic suddenly starts blasting out 1990s dance hit “No Limits”, the assembled group of about 20 European factory managers shift nervously in their seats and try to avoid eye contact. “Don’t worry, I’m not going to sing,” says the Shenzhen-based general manager for Zobele, an Italian maker of air freshener and insect repellent. “I just want to make the point that the only limits are […]
Abu Dhabi Terminals (ADT) has announced that on it recently set a new daily record by handling 5 million containers, a milestone achievement for Khalifa Port Container Terminal (KPCT). The record number was achieved on October 28 serving the CMA CGM, a vessel belonging to ADT’s long-term customer, CMA CGM Pegasus. The new throughput milestone follows terminal operator ADT’s success in the first half of 2016, which […]
newslide Marianne Faithfull pays homage to Paris attack victims at Bataclan British singer and 1960s icon Marianne Faithfull paid homage to the victims of last year’s Paris attacks in a concert at the Bataclan on Friday (November 25) singing a song she wrote about the tragedy. “For me, this is an important concert, there are lots of things which I must mourn – through music and through […]
By Lisa Lambert | WASHINGTON WASHINGTON Lender GE Capital asked the U.S. government on Thursday to stop designating it as “too big to fail,” saying it had shrunk to the point where it would not pose a major threat to the nation’s financial stability if it experiences distress. Chief Executive Officer Keith Sherin said in a statement that the General Electric Co (GE.N) unit no longer met […]
WHEREVER you are right now, there’s a very good chance the weather is much nicer in San Diego. California’s second most populous city has long used its relentlessly pleasant climate to lure travelers to attractions like the USS Midway, SeaWorld, more than 90 golf courses and roughly a bazillion miles of beaches and hiking trails. Rarely does a sneak attack of cold or wetness ruin a weekend […]
By Sam Forgione | NEW YORK NEW YORK Key stock indexes on Wall Street swept to record intraday and closing highs on Black Friday thanks to gains in consumer staple and technology shares, while European stocks climbed and a stabilization in U.S. Treasury yields promoted investors to sell the dollar. The Dow, S&P 500 and Nasdaq indexes, as well as the small cap Russell 2000 , hit […]
As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
Speaking at the UAE Innovation Week 2016 celebration in Sharjah, University of Sharjah academician said that 3D Printing has been shaping the future. In the next five years, it will become much more accessible SHARJAH/Sharjah Media Centre, November 24, 2016 The 3D Printing technology is becoming fast popular due to ease of use. In the next five years it will become much more popular as cost will […]
Doha, 24 November 2016 Muntajat, Qatar Chemical and Petrochemical Marketing and Distribution Company, will be part of ArabPlast 2017 as a sponsor. The Qatari company aims at promoting Qatar’s chemicals, polymers and fertilisers during the most important international petrochemicals, plastics and rubber forum in Middle East region, which will take place from 8th to 10th of January 2017 at the Dubai Exhibition and convention Centre. The event […]
A Malaysian businessman and his partner have been charged with orchestrating the single biggest fraud in the history of Singapore’s stock exchange, which wiped out S$8bn in value and triggered a lasting loss of investor confidence. Soh Chee Wen, also known as John Soh, faced charges in a Singapore court on Friday in relation to an alleged fraud in which three publicly listed stocks soared in valuation […]
Global Manufacturing and Industrialisation Summit will enable discussion on standardising new technologies for industry-wide applications Current lack of standardisation means developing Internet of Things technologies are unable to communicate universally, limiting their potential Abu Dhabi, UAE, November 25, 2016 The Global Manufacturing and Industrialisation Summit (GMIS) will further global discussions and spur international action on emerging technology standardisation, said Ludovica Alcorta, Director of the Development Policy, […]
