Dubai, 7 May 2017 Dentons has advised DAMAC Real Estate Development Limited, a leading developer of high-end and luxury residential property in the Middle East, on its tender offer in respect of the outstanding US$650 million Trust Certificates, due 2019, and a simultaneous new debt issuance of a US$500 million five year Regulation ‘S’ senior unsecured sukuk, maturing in April 2022, which completed on 20 April 2017. […]
By Irene Klotz | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. The U.S. military’s experimental X-37B space plane landed on Sunday at NASA’s Kennedy Space Center in Florida, completing a classified mission that lasted nearly two years, the Air Force said. The unmanned X-37B, which resembles a miniature space shuttle, touched down at 7:47 a.m. EDT (1147 GMT) on a runway formerly used for landings of the now-mothballed […]
Amid talks of more space travel, California has drafted a plan that would tax the state’s thriving rocket industry. The tax plan is still just a proposal, and the public can still have their say on the matter until June. Taxing By Mileage In an attempt to solidify California’s rocket industry, the state’s Franchise Tax Board has released a draft of their proposed tax plan for private […]
RAS AL KHAIMAH // A man was killed in a car accident when his vehicle veered off the road on Sunday morning in RAK. The 37-year-old Asian man was a passenger in the car of his friend, 27, who is from the same Asian country. The driver lost control of his car and hit a lamppost at 8am on Al Shuhada Road. Brig Hassan Ibrahim Ali, deputy […]
Volkswagen bought back hundreds of thousands of emissions-cheating cars. We just discovered what it has done with them all… As Bloomberg reports, the German automaker agreed last year to buy back about 500,000 diesels that it rigged to pass U.S. emissions tests if it can’t figure out a way to fix them. Except for a handful of 2015 models, VW dealers can’t sell the cars until […]
By Anthony Esposito | MONTERREY, Mexico MONTERREY, Mexico Engineers from across Mexico streamed into a cramped hotel lobby in the industrial city of Monterrey for a chance of a job with the U.S. electric vehicle maker Tesla Inc (TSLA.O), which is looking south of the border for talent in short supply at home. The fair was held at a delicate time for American firms hiring abroad as […]
Authored by Daniel Lang via SHTFplan.com, For several weeks Venezuela has been rocked with protests and riots as the Maduro regime increasingly tightens its grip on the population. It seems as if security forces are brutally cracking down on dissidents on a daily basis now. Wednesday in particular, saw some incredibly tense clashes between protesters and government forces in the capital city of Caracas. According to Bloomberg: […]
By Jonathan Stempel | OMAHA, Neb. OMAHA, Neb. Warren Buffett on Saturday faulted Wells Fargo & Co’s (WFC.N) previous management for failing to take action immediately upon learning that its employees were signing up customers for bogus accounts, causing a national scandal. Buffett spoke at the annual meeting of Berkshire Hathaway Inc (BRKa.N), which he chairs, and where he and Vice Chairman Charlie Munger are fielding five […]
The German luxury car maker BMW saw its net profit rise by nearly a third in the first three months of the year as sales increased, helped by profitable 4x4s and the 7-Series large saloon. The Munich-based firmr said Thursday that it made €2.15 billion (Dh8.62bn) in the first quarter, up 31 per cent on the €1.64bn in the year-earlier quarter. Profits were also boosted by a […]
NASA engineers have come up with a highly creative solution to improving the functionality and durability of materials used in space. It’s called “space fabric,” and it’s not only fashionable but also extremely versatile — soon to be an interstellar must-have. Shielding spacecraft from the harshness of deep space and protecting astronauts in their exploratory missions on alien planets has just gotten a lot easier thanks to this […]
By Isabel Coles | HULAYLA, Iraq HULAYLA, Iraq Iraqi forces pushed further into Mosul from the north on the second day of a new push to speed up the nearly seven-month attempt to dislodge Islamic State, commanders said on Friday. Islamic State tried to block the troops’ northerly advance into their de facto Iraqi capital with suicide car bombs and sniper fire, Brigadier General Walid Khalifa, deputy […]
By Mike Stone | WASHINGTON WASHINGTON Washington is working to push through contracts for tens of billions of dollars in arms sales to Saudi Arabia, some new, others in the pipeline, ahead of U.S. President Donald Trump’s trip to the kingdom this month, people familiar with the talks told Reuters this week. Saudi Arabia is Trump’s first stop on his maiden international trip, a sign of his […]
Call it a ‘kid’-napping. When St. Paul, Minnesota, police early Friday searched a GMC Yukon Denali that had crashed following a chase, they found an unlikely victim in the cargo area. Four people fled the sports-utility vehicle, but Gordy the goat was found lying down with an orange electrical cord around his neck. Police said Gordy had been abducted at Indian Mounds Park from a herd of […]
By Mathieu Rosemain and Andrew Callus | PARIS PARIS Centrist French presidential candidate Emmanuel Macron extended his lead in the polls over his far-right rival Marine Le Pen on Friday, the final day of a tumultuous election campaign that has turned the country’s politics upside down. The election is seen as the most important in France for decades with two diametrically opposed views of Europe and France’s […]
It’s been two years since rumors about an “Apple car” first emerged. Not surprisingly, the notoriously secretive company hasn’t divulged any details about its plans. But if a car is on the horizon, Cupertino can’t stay quiet for too long. You can hide a smartphone in a lab, but it’s difficult to not have a public presence when developing a vehicle, which requires road testing, typically in […]
FUJAIRAH // Budding young scientists on the east coast are being urged to get help bringing their innovative ideas to life through the Fujairah Science Club. The club, which opened in 1998, has played a major role in introducing young people to the latest technologies and help them acquire technical skills in computers, robots, electronics, mechanics, turnery and innovative thinking. About 50 members aged between 12 and […]
Researchers have found that the unusual properties of graphane — a two-dimensional polymer of carbon and hydrogen — could form a type of anhydrous ‘bucket brigade’ that transports protons without the need for water, potentially leading to the development of more efficient hydrogen fuel cells for vehicles and other energy systems. (via WSJ)
WOLFSBURG, Germany Volkswagen (VOWG_p.DE) is targeting fixed productivity gains at its troubled core division through 2020 by pushing cost savings, stemming overseas losses and launching more higher-margin cars as the carmaker battles to overcome its emissions scandal. Positive development at Volkswagen’s namesake VW brand may continue throughout 2017, the carmaker said on Friday, building on a strong rebound in the first quarter when cost cuts helped operating […]
Uber’s self-driving venture might not be doomed after all. Many have weighed in on Uber’s alleged intellectual property theft case, predicting that the upshot of this legal turmoil might be Uber retracting its self-driving efforts altogether. For those who don’t know, here’s a brief backgrounder of the situation: Google’s self-driving division, Waymo, accused Uber late February of stealing thousands of documents that it claims Uber used to […]
BOGOTA A member of a United Nations team working on a project in Colombia to substitute illegal crops was kidnapped by dissident former FARC rebels who have rejected the peace process, U.N., police and military sources said on Thursday. The U.N. official Arley Lopez, a Colombian, was seized on Wednesday by gunmen close to Miraflores in southern Guaviare province, where coca cultivation has long formed a big […]
ABB string inverters deliver power for the residents of Dubai’s first all-electric city. 04 May 2017 Dubai’s first city to be powered completely by solar energy relies on ABB string inverters to harness the power of the sun for residents. Inverters convert the direct current (DC) output from the panels in to the alternating current (AC) needed in homes. ABB has supplied 400 string inverters to […]
Intel has shuffled its executive ranks again, announcing that long-time executive Diane Bryant is stepping down from her role as GM of the Data Center Group (DCG). Intel CEO Brian Krzanich said in an email to employees that Bryant would be stepping away for six to eight months to tend to a personal family matter. Navin Shenoy, formerly GM of the Client Computing Group (CCG), will be […]
China has rapidly emerged as the leading issuer of green bonds, spurring excitement among the green finance community that they will help the world’s largest emitter reduce its choking pollution. But although the amount raised is carefully tracked, how the money is being spent is less clear. China issued $36bn of green bonds in 2016, up from almost none the year before, and analysts expect it to […]
Tesla boss Elon Musk surpassed even his own lofty standards of both hubris and humility on Wednesday, as he looked ahead to a day when the electric carmaker will be worth more than Apple — but also admitted he had confused his customers with a bad product-naming decision. “I want to preface this by saying I could be delusional,” Mr Musk told Wall Street analysts on his […]
