Using solar energy, researchers have developed a new method for safely and efficiently producing hydrogen in a centralized manner, miles away from the solar farm. It could greatly reduce the cost of producing hydrogen and shipping it to customers. (via WSJ)
Agricultural traders and investors are watching the debut of a new derivative product that will allow them to bet on the benchmark price of Black Sea wheat. Wheat is the largest traded grain on the international markets and Russia became the leading exporter last year. Russia, Kazakhstan and Ukraine — collectively known as the Black Sea region among grain traders — accounted for just under a third […]
|By Arabian Post Staff| Kuwait announced it has successfully issued its inaugural dual-tranche $8 billion bond offering into the international debt markets. Notes due in 2022 (the five-year bonds) and for the value of $ 3.5 billion and notes due in 2027 (the 10-year bonds) for the value of $ 4.5 billion. The five-year bond was successfully priced on March 13 2017 at a yield of 2.887%, the 10-year bond […]
It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the […]
Shares in Cathay Pacific fell as much as 6.9 per cent on Wednesday after the Hong Kong flag carrier swung to its first annual loss since 2008. The airline reported a net loss of HK$575m ($74m) for 2016 in the face of increased competition from mainland Chinese airlines and falling demand for its premium class seats. The net loss compares with a HK$6bn profit reported in 2015, […]
As the UAE continues to evolve, Standard Chartered is at the forefront of innovative financial services. By investing heavily in the digital space, not only does Standard Chartered future-proof investments, but continue to explore new and exciting opportunities, as Julian Wynter, chief executive officer of Standard Chartered UAE, explains. What macro-economic fundamentals make the UAE such a good market for Standard Chartered? For us, the UAE continues […]
Oil prices have fallen almost 10 per cent in the past week to their lowest level since Opec agreed to cut output in November. Here are five factors contributing to the renewed bout of selling that could dictate whether Brent crude can hold above $50 a barrel. 1. Shale The US shale industry has come back with a bang, with oil prices back above $50 a barrel. […]
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 […]
As consumers gear up for the arrival of the Galaxy S8, an analyst has dampened expectations by forecasting that the sales of the new Samsung flagship will be lower than that of the predecessor Galaxy S7. The analyst in question is KGI Securities’ Ming-Chi Kuo who has a fantastic track record when it comes to predictions, especially for Apple products. In a note to investors, the analyst […]
Tuesday 15:10 GMT What you need to know ● Pound under pressure amid Brexit and Scottish secession worries● Sterling drops below $1.22 and euro edges up towards 88p● S&P 500 down 0.5 per cent as sliding oil hits energy stocks● Treasury yields little changed ahead of Fed decision——————- Hot topic The UK pound is back under pressure as traders become concerned that Edinburgh’s demand for a another […]
DUBAI A Bahraini court on Tuesday delayed a ruling in the trial of the spiritual leader of the country’s Shi’ite Muslim majority on charges of collecting funds illegally and money laundering, local media reported. Ayatollah Isa Qassim, who is in his mid-70s, faces up to 15 years in jail if convicted in the trial that has ratcheted up tensions in the Western-allied Gulf Arab state where the […]
14 March 2017 Dubai, United Arab Emirates, March 14, 2017-(ME NewsWire)- Inaugurating its office in Dubai, Seoli Innovations revealed its smart glass products catering to developers, home owners, hospitals and industry professionals, allowing them to adopt energy and cost efficient solutions that transform their spaces into flexible and smart living or work experiences. Manufactured according to the highest international standards and adapting to today’s rising design challenges, […]
To investors still betting — either by choice or technical necessity — that Toshiba can pull off a miracle escape act, Monday night produced yet another dispiriting blow. With just hours left before the troubled Japanese conglomerate was due to submit its audited third-quarter earnings — an already overdue document critical to its continued status as a listed entity — sources close to the company confirmed that […]
LONDON British Prime Minister Theresa May is preparing to reject Scottish First Minister Nicola Sturgeon’s demand for an independence referendum on the eve of the United Kingdom’s exit from the European Union, the Times newspaper reported. “The prime minister has said this would mean a vote while she was negotiating Brexit and I think that can be taken pretty clearly as a message that this timing is […]
Turkish president Recep Tayyip Erdogan has loomed over European politics for more than a decade, entangled in the awkward embrace of reluctant allies. This weekend he burst into the middle of a fraught electoral season. The Dutch were behaving like Nazis, the Germans too, he said, by banning his foreign minister from speaking at rallies in their countries and setting police dogs on Turks who protested the […]
By Kylie MacLellan and William James | LONDON LONDON British Prime Minister Theresa May cleared the final hurdle standing between her and the start of Brexit negotiations on Monday after parliament passed legislation giving her the power to start the EU exit process. Members of the lower house of parliament voted to throw out changes to the bill made by the upper house earlier this month, after […]
Monday, March 13, 2017 Alwaleed Philanthropies (AP), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, announced an innovative new partnership with Thomson Reuters Foundation focused on empowering Saudi female journalists, during the first of its kind conference titled “The evolving role of women in Saudi Arabia” held in Riyadh on Saturday March 11, 2017. In partnership with Luxury KSA, and Smaat Company, the conference took […]
Leonardo Maugeri of Harvard University, who in 2012 predicted a glut in oil supplies and a steep fall in prices, has warned that there is again a prospect that the market is heading for “a substantial fall”. Strong growth in global supply, he argues in a new paper, is outpacing the increase in demand, in spite of the production cuts agreed by Opec and 11 non-Opec countries […]
ARADA, the UAE-based developer started by Prince Khaled bin Alwaleed bin Talal, the only son of Saudi billionaire Prince Alwaleed, has announced the launch of its first project in Sharjah. With an expected completion date for late 2018, Nasma Residences will offer more than 800 homes plus community facilities, a statement said. In January, Prince Khaled’s KBW Investments (KBW) and Basma Group unveiled ARADA, a partnership enterprise […]
EDINBURGH Scottish First Minister Nicola Sturgeon has demanded a new independence referendum be held in late 2018 or early 2019, once the terms of Britain’s exit from the European Union have become clearer. To do so, she needs authorisation from Britain’s parliament, which is sovereign. The Brexit referendum last June called the future of the United Kingdom into question because majorities in England and Wales voted to […]
ARADA, the UAE-based developer started by Prince Khaled bin Alwaleed bin Talal, the only son of Saudi billionaire Prince Alwaleed, has announced the launch of its first project in Sharjah. With an expected completion date for late 2018, Nasma Residences will offer more than 800 homes plus community facilities, a statement said. In January, Prince Khaled’s KBW Investments (KBW) and Basma Group unveiled ARADA, a partnership enterprise […]
Nicola Sturgeon has called for a second Scottish independence referendum to be held by spring 2019, throwing the constitutional future of the UK into question just as it begins the process of leaving the EU. In a speech at her official residence in Edinburgh, the first minister accused Theresa May of having “not moved an inch” in response to calls for a special deal on Brexit for […]
Norway’s salmon producers are turning to radical farming techniques in the face of multiple threats to their industry. From futuristic egg-shaped enclosures that bob in the water to supertanker-like structures submerged in the ocean, the Norwegian government is trying to counter increasing challenges in the form of sea lice, fish escapes and the shortage of suitable coastline for aquaculture. One of the big problems for salmon farmers […]
By Mark Hosenball and Ayesha Rascoe | WASHINGTON WASHINGTON Two days before U.S. Attorney Preet Bharara was fired, President Donald Trump tried to call the high-profile New York prosecutor in what a White House official said was an effort to “thank him for his service and to wish him good luck.” But a U.S. law enforcement official said Bharara declined to take the call, placed on Thursday, […]
