Engineer Atsushi Shimizu, founder and CEO of the Japanese venture company Challenergy, stands next to his bladeless wind turbine in Tokyo Most people look for a place to hide when a typhoon is on the horizon, but Atsushi Shimizu hopes that the fury of nature may one day help resource-poor Japan tackle its energy woes. As thousands of Australians seek shelter from a “monster” cyclone battering the […]
TOKYO Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.2 percent higher in early trade, pushing against its loftiest levels since June 2015. Japan’s Nikkei stock index .N225 was down 0.2 percent, while […]
The commodities trading house Trafigura and a bank are testing blockchain as a way to settle deals in the US oil market, a sign of the potential for digital technology to change how barrels of crude are bought and sold. Blockchain is the electronic ledger originally built to underpin bitcoin markets. Promoters say it will lead to cheaper, more secure ways of settling all kinds of transactions, […]
Oman is most likely to face a “forced currency devaluation” in coming years due weak oil prices and low financial buffers, according to a new report. In its report issued on Wednesday, BMI Research, a Fitch Group Company, said that the “probability of such a move is rising.” Oman’s crude oil price have declined to $45.9 per barrel driven by weakness in global energy markets since early-2017, […]
Prime Minister’s Spokesperson Dr Musadik Malik has said that Prime Minister Nawaz Sharif will accept the decision of Apex court regarding Panama Case. In an interview with a TV channel on Tuesday night, he said that the opponents have no any manifesto and agenda for general elections other than Panama issue. He said PML-N led government has fulfilled all its promises which it made in previous general […]
New photovoltaic plant will add 61.3 MWp of installed energy capacity to Risha, Jordan Lowest tariff for solar energy ever presented for a Jordan-based photovoltaic project The plant marks ACWA Power’s strategy of continuous investment Jordan, and its second Solar Photovoltaic Plant The new PV plant will bring the installed capacity in Jordan as controlled by ACWA Power to 1,665 MW further consolidating ACWA […]
HE Khalifa Al Mansouri, Undersecretary of the Abu Dhabi Department of Economic Development, delivers welcome note on day one of the Global Manufacturing and Industrialisation Summit Global Manufacturing and Industrialisation Summit held at the Paris-Sorbonne in Abu Dhabi from March 27-30, 2017 Abu Dhabi, UAE, March 28, 2017 HE Khalifa bin Salem Al Mansouri, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED), said that […]
Spring offers ideal sightseeing weather, with destinations ranging from Japan and Rome to Cuba and Australia. David Whitley rounds up where to go this Spring. newslide April 2017 Japan The spring months are when Japan turns pink, with the famous cherry blossom trees bursting into life across the country. April is the peak of cherry blossom season and hits that sweet spot where temperatures are comfortable for […]
Wednesday 04:40 GMT Overview Asian markets were mixed, with energy stocks benefiting from a recovery in crude oil prices, while the UK pound dropped after Prime Minister Theresa May dispatched the letter that will trigger Britain’s exit from the EU. Hot topic The pound weakened 0.3 per cent to $1.2409 in Asia trade, bringing its losses over the past two sessions to 1.2 per cent, in response […]
Even 10 minutes of daily high-intensity physical activity could help some children reduce the risk of developing heart issues and metabolic diseases such as diabetes, according to a new study. The research found that by replacing low-intensity activity with short periods of vigorous exercise could be beneficial for young overweight people who report a higher insulin level in the blood. The international study was carried out by a […]
By Valerie Volcovici and Jeff Mason | WASHINGTON WASHINGTON President Donald Trump on Tuesday signed an order to undo Obama-era regulations to curb climate change, keeping a campaign promise to support the coal industry while calling into question U.S. support for an international deal to fight global warming. Flanked by coal miners, Trump enacted his “Energy Independence” executive order at the Environmental Protection Agency. A coalition of […]
ABU DHABI // Rising temperatures and an increase in air pollution will put the lives of outdoor workers at risk in the coming years. The UAE Climate Change Risk and Resilience report published by the Emirates Wildlife Society with the WWF, predicted that higher heat and humidity will endanger health and decrease productivity. The report forecast global economic losses through decreased productivity of up to US$2 trillion, […]
New photovoltaic plant will add 61.3 MWp of installed energy capacity to Risha, Jordan Lowest tariff for solar energy ever presented for a Jordan-based photovoltaic project The plant marks ACWA Power’s strategy of continuous investment Jordan, and its second Solar Photovoltaic Plant The new PV plant will bring the installed capacity in Jordan as controlled by ACWA Power to 1,665 MW further consolidating ACWA […]
ABU DHABI // With globalisation threatening to erode the national identities of students across the GCC, experts and academics gathered in the capital on Tuesday to discuss how to promote Khaleeji culture and bonds. The two-day Strengthening Gulf Citizenship conference hosted by the Ministry of Education sought to address how technology and communications can be harnessed to promote a shared regional identity among youths, rather than allowing […]
“The new tax rate will bring Saudi Aramco in line with international benchmarks,” Saudi Aramco’s chief executive officer, Amin H. Nasser, said in a statement. Continue reading the main story The tax cut was announced a couple of months after intensive discussions with international bankers in Riyadh about how the offering should be structured. Bankers and independent specialists said the cut would help increase the cash flow […]
Tuesday 08:45 GMT What you need to know ● Markets recovering their poise after “Trump trade” wobble● S&P 500 futures higher and helping European to open on the front foot ● Energy stocks underpinning bourses as oil prices gain ground● Dollar steadies after sliding to four-month lows, Treasury yields nudge up● Gold prices ease back as haven flows dwindle——————- Hot topic Investors are rediscovering their risk appetite […]
By Tom Westbrook and Benjamin Weir | SYDNEY SYDNEY Howling winds, heavy rain and huge seas pounded Australia’s northeast on Tuesday, damaging homes, wrecking jetties and cutting power to thousands of people as Tropical Cyclone Debbie tore through Queensland state’s far north. Wind gusts stronger than 260 km per hour (160 mph) were recorded at tourist resorts along the world-famous Great Barrier Reef as the powerful storm, […]
ABU DHABI // Two teams of UAE researchers are among the first to receive grants from a total of Dh45 million being awarded by the British government in the Arabian Gulf to tackle global challenges. Researchers at Masdar Institute of Science and Technology and Khalifa University are each receiving Dh1.8m for work on sustainability, in desalination and algae control. Eight grants are being given. Clare Grundy, deputy […]
To meet skyrocketing demand for electricity, African countries may have to triple their energy output by 2030. While hydropower and fossil fuel power plants are favored approaches in some quarters, a new assessment has found that wind and solar can be economically and environmentally competitive options and can contribute significantly to the rising demand. (via WSJ)
The location and energy potential, in terawatt hours, of eastern and southern African renewable resources (wind, solar photovoltaic and concentrating solar power). Credit: UC Berkeley As Africa gears up for a tripling of electricity demand by 2030, a new Berkeley study maps out a viable strategy for developing wind and solar power while simultaneously reducing the continent’s reliance on fossil fuels and lowering power plant construction costs. […]
Raya Abirached is familiar to local movie fans as the face of MBC’s Hollywood coverage, and Arabic cinema as host of her own show Scoop. This weekend, however, Abirached takes a break from interviewing the stars of the silver screen and becomes one herself – she is the voice of Smurf Willow in the Arabic version of the Smurfs latest big screen outing, The Lost Village. This […]
When brain cells don’t get enough energy, caused by a stroke or trauma, they can start swelling rapidly. New mathematical models of this mechanism show a critical tipping point: at lower energy levels, there is no way back. (via WSJ)
By Ron Bousso and Ernest Scheyder | LONDON/HOUSTON LONDON/HOUSTON Royal Dutch Shell Plc (RDSa.L) and Anadarko Petroleum Corp (APC.N) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. The divorce and re-parceling of acreage would let each company drill and develop new wells at its own pace […]
WASHINGTON President Donald Trump will sign an order on Tuesday aimed at making it easier for companies to produce energy in the United States, administration officials said on Sunday. Under Trump, the U.S. Environmental Protection Agency is aiming to aggressively roll back Obama-era environmental regulations. Trump plans to sign the executive order at the EPA to reduce “unnecessary regulatory obstacles that restrict the responsible use of domestic […]
