OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to curb output. The Organization of Petroleum Exporting Countries will meet on Wednesday in Vienna to try finalize the terms of its first production decrease in eight years. Yet the group remains divided about […]
It was not just the manner in which Rosberg succeeded, and his generosity in praising his teammate, but also the contrasting style with which Hamilton lost the title, that defined this final duel of the 2016 season. Continue reading the main story With just 12 points between them before the race, and Rosberg leading the series, Hamilton, who started from the pole position — with Rosberg starting […]
By Tom Westbrook | SYDNEY SYDNEY The ability of Australian telecoms company Telstra Corporation (TLS.AX) to offset the fall in its traditional revenue streams by diversifying into a range of technology and other businesses is in doubt. So far, Telstra’s funding of 44 startups since 2013, the A$235 million ($175 million) spent acquiring 18 health-related companies, the purchase of more than 30 companies by its venture-capital division, […]
Chinese electronics company Xiaomi witnessed a clear decline in its smartphone profit lately. The company, however, is not afraid of the drop, as it announced it derives its profits from other products aside from smartphones. Furthermore, company executives believe that the regression in its smartphone trade would have no significant negative impact to the company. Despite experiencing a fallback in terms of revenue as of late, Xiaomi […]
Electrolux, the Swedish appliance maker, is exploring starting an “Uber for laundry” in which consumers would use their own washing machines to wash other people’s clothes. Jonas Samuelson, the new chief executive of the world’s second-biggest white goods manufacturer, told the Financial Times that Electrolux was trying to overcome big hurdles to make the project work. “We have a few fun ideas we are testing, like: how […]
Government of Dubai Media Office – 27 November 2016 Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid al Maktoum issued Executive Council Resolution No (63) of 2016 pertaining to Aid to Navigation (ATON) activity in Dubai. The Resolution regulates and provides a framework for the activities of installing and maintaining Aids to Navigation (ATONs) for maritime projects […]
Technology company [wsj-ticker ticker=”ISNS” onlinesignificance=”prominent” name=”Image Sensing Systems” postfix=” Inc.”] said Wednesday it is investigating itself for possible violations of anti-corruption laws in the U.S. and the U.K. (via WSJ)
A team of researchers from Baylor College of Medicine (BCM) has found that chronic jet lag may result in obesity and liver diseases including liver cancer. David Moore, the lead author of the study from BCM said that the incidence of liver cancer is increasing worldwide in recent years and it is also observed lately that individuals suffering from fatty liver disease develop liver cancer directly skipping intermediate […]
the UAE’s Ministry of Infrastructure Development (MoID) plans to construct all of its buildings using 3D technology, according to local media. “All of the buildings to be built in the future by the ministry across the UAE will be 3D-printed in line with the national agenda of the country and the UAE 2021 vision,” Munira Abdul Kareem, manager of the Ministry of Infrastructure Development’s Project Execution Department […]
By Edward Taylor and Jan Schwartz | FRANKFURT/HAMBURG FRANKFURT/HAMBURG Just as Porsche and Audi have fought for supremacy on the race track, the Volkswagen brands are now locked in a cut-throat battle to develop and manufacture the next generation of electric cars at a group embroiled in the “Dieselgate” scandal. Volkswagen Group denies that the kind of internal rivalry that it encouraged at the Le Mans 24 […]
LG is looking to redeem itself and win over consumers with its impending LG G6, the successor of the LG G5 flagship. To ensure that the LG G6 does not meet the dismal fate of the modular LG G5 smartphone, the company is pulling out all stops for upcoming handset. LG is leaving no stone unturned to ensure that the next-gen smartphone finds favor with consumers. We […]
Riyadh, Saudi Arabia, 27 November 2016 Saudi Hollandi Bank, announced today that it has rebranded to Alawwal Bank. The name change marks the start of a transformation that will see the bank build on its reputation for innovation and service excellence. The new branding highlights the bank’s commitment to supporting the growth of the country’s economy while meeting the demands of its existing customers and a new […]
DUBAI Iran may seek to set up naval bases in Yemen or Syria in the future, as distant footholds might be more valuable militarily than nuclear technology, the chief of staff of the Iranian armed forces said in remarks published on Sunday. “We need distant bases, and it may become possible one day to have bases on the shores of Yemen or Syria, or bases on islands […]
“We have lost everything, our infrastructure, and we have nothing left to lose,” he said. “Now it is a long war of attrition.” Photo A nonfunctioning cement factory in Amran, Yemen, that was bombed twice by the Saudi-led coalition. Credit Tyler Hicks/The New York Times The Houthis’ control of such key territory has made them essential to international efforts to end the conflict, leaving policy makers and […]
While the latest-gen iPhone 7 may be blowing up and causing burns, Apple fans can take some respite in the fact that the older iPhone 4 is sturdy and functions even after being exposed to harsh elements. A man from Pennsylvania who misplaced his iPhone 4 has gotten lucky and reportedly had the handset returned. Not only did Michael Guntrum retrieve his iPhone 4 unexpectedly, but the fact […]
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 […]
Submitted by Charles Hugh-Smith via OfTwoMinds blog, Don’t you think it fair and reasonable that anyone accusing me of being a shill for Russian propaganda ought to read my ten books in their entirety and identify the sections that support their slanderous accusation? I was amused to find my site listed on the now-infamous list of purportedly Russian-controlled propaganda sites cited by The Washington Post. I find […]
Dany El-Eid, a Lebanese-Canadian entrepreneur based in Dubai for more than a decade, believed in the power of augmented (AR) and virtual reality (VR) technologies much before photos of heads of state trying VR headsets could be seen, tweeted and retweeted. El-Eid is the founder and CEO of Pixelbug, a rapidly growing tech company, set up in Dubai in 2012, which specialises in developing advanced AR applications. […]
AMSTERDAM Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant’s valuation. In an interview with Dutch newspaper Het Financieele Dagblad, Ben van Beurden said the issue of “stranded” reserves – deposits in the ground that cannot be […]
The Microsoft Surface Pro and Apple iPads are some of the most popular tablets available in the market. It seems that these two tablets will soon see a new competition called Eve V, which will feature top-end specs and a reasonable price tag. Helsinki-based startup Eve Tech had aimed to raise $75,000 in its Indiegogo crowdfunding campaign for the Eve V. However, the company has already raised […]
Istanbul, 24.11.2016 The Islamic Development Bank Group (IDBG) and Borsa Istanbul have signed a Memorandum of Understanding (MoU) to provide a general framework to facilitate cooperation and collaboration among the parties in fostering Islamic Finance in Turkey and other IDB Member Countries. The MoU was signed under the auspices of the President of Republic of Turkey, H.E. Recep Tayyep ERDOĞAN during the 32nd Ministerial Session of the […]
Pokémon GO fans will probably have a delightful Christmas as rumors point to a massive update happening in December. This could include the previously announced plan to allow card trading among players. What is even more awesome is how the new update could reportedly unleash more than 100 new normal and legendary Pokémon. More Than Just A Pokémon GO Rumor Certainly, the details of the December update can […]
While it is struggling as a company, Cyanogen Inc. is effectively leading a community of developers in providing constant and timely stream of CyanogenMod updates. Take the case of the CyanogenMod 14.1 nightlies. They are already based on Android 7.1 Nougat and they just expanded support for a second batch of Android devices. CM 14.1 Supported Devices Development of CyanogenMod 14.1 was announced last August, and several days […]
