By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.44 per barrel at 0137 GMT, up 36 cents from their […]
NEW DELHI // Sheikh Mohammed bin Zayed on Wednesday held official talks with Narendra Modi, the prime minister of India. The leaders discussed boosting ties between the two countries as well as several regional and international issues, including terrorism and violence. Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme commander of the Armed Forces, met Mr Modi at Hyderabad House in the capital. Mr Modi […]
Polyhedral boranes, or clusters of boron atoms bound to hydrogen atoms, are transforming the biomedical industry. These humanmade materials have become the basis for the creation of cancer therapies, enhanced drug delivery and new contrast agents needed for radioimaging and diagnosis. Now, a researcher has discovered an entirely new class of materials based on boranes that might have widespread potential applications, including improved diagnostic tools for cancer […]
Tthe Block Island Wind Farm off the shores of Rhode Island Local authorities approved the largest offshore wind farm in the United States on Wednesday, to be located near Long Island and capable of powering some 50,000 households. Construction on the site, which could begin by 2019, is set to install an initial 15 turbines with a capacity of 90 megawatts. The South Fork Wind Farm […]
Konrad Mizzi offered no new information on his involvement in the Panama Papers scandal today when he briefed a European Parliament committee on the Maltese EU presidency’s priorities for the energy sector. Only one non-Maltese MEP, Reinhald Butikofer of the Greens, mentioned the scandal, despite several MEPs asking technical questions about Dr Mizzi’s energy portfolio. The only other Panama Papers-related questions came from Nationalist MEPs David Casa […]
Writing today in The National, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Narendra Modi, India’s prime minister, pledge new and enhanced cooperation on defence, trade, investment, food security, renewable energy and space research: India and the UAE are linked by our common desire to build a resilient modern strategic partnership. This desire has become more manifest […]
Contemporary dance, live music, affordable art and specialised tours of some of Dubai’s leading galleries are all part of this weekend’s Quoz Arts Fest. Taking place in Alserkal Avenue and the surrounding areas, the event is back for its fifth edition, with more than 30 venues participating in the free festival. Alserkal Avenue director Vilma Jurkute says the fact that the event has grown since its inception […]
Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]
All but one of the students were enrolled in the Deferred Action for Childhood Arrivals program, also known as DACA. Created in 2012 by an Obama-administration executive action, DACA allowed teenagers and young adults who came to the United States illegally as children with their parents to register with the government and in turn receive a two-year renewable protection against deportation, along with work permits and Social […]
After Trump’s executive order to accelerate the Keystone XL and Dakota Access pipelines, angry environmental groups reacted quickly by denouncing Trump’s actions, and promising legal action and White House protests. “Donald Trump has been in office for four days, and he’s already proving to be the dangerous threat to our climate we feared he would be,” said Michael Brune, the executive director of the Sierra Club. He […]
Jan 25, 2017 11:55 am IST India will put its military hardware on display Thursday, as the country celebrates its 68th Republic Day in New Delhi. A parade along the city’s ceremonial boulevard Raj Path, which starts at 9 a.m. India time (10.30 p.m. ET), will showcase Indian culture and the country’s achievements in the fields of science and technology. The celebrations, which mark the day the […]
President Donald Trump has quickly moved to reverse another of Barack Obama’s signature policies, backing two multibillion-dollar oil pipeline projects that became test cases for Washington’s commitment to addressing climate change. Mr Trump said the Keystone XL and Dakota Access pipelines would help to meet his campaign promise of producing new blue-collar jobs at home, insisting that any portions built in the US would have to use […]
By Steve Holland and Valerie Volcovici | WASHINGTON WASHINGTON U.S. President Donald Trump signed two executive orders on Tuesday to move forward with construction of the controversial Keystone XL and Dakota Access oil pipelines, rolling back key Obama administration environmental policies in favor of expanding energy infrastructure. While oil producers in Canada and North Dakota are expected to benefit from a quicker route for crude oil to […]
Of the many quandaries investors must grapple with this year, high on their list is Donald Trump’s relationship with Vladimir Putin. Not far behind is this — should they throw off their instinctive caution about Russia and its president, and push the rouble a lot higher? The turnround in the Russian rouble’s fortunes largely reflects the recovery in the price of oil, the country’s biggest export. That […]
A wave of about 25 African, European and South American countries is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald Trump rails against the ills of economic globalisation. Jin Liqun, president of the AIIB, said on Monday that an expanded membership would help boost lending by the $100bn multilateral organisation, which […]
Scientists have introduced a new way to increase energy efficiency of metal-air batteries. (via WSJ)
23 January 2017 Foursan Group, a leading Middle Eastern private equity firm, announced today the successful exit by its fund, Foursan Capital Partners (“FCP”), of its investment in Jordan Dubai Islamic Bank (“JDIB”), a premier Islamic banking institution listed on the Amman Stock Exchange. FCP was the second largest shareholder of JDIB and sold its stake to Bank Al-Etihad, a leading, publicly-listed financial services institution, realizing a […]
Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Dammam, Saudi Arabia, 23 January 2017 Petrotechnics, the developer of Proscient – the hazardous industries’ first software platform for Operational Excellence – has been selected by Accenture […]
In my 35 years covering the tech market, I have heard from executives—over and over—how their inventions will change the world. And while at times, this is true—the semiconductor, PC, and smartphone come to mind—I have been wondering lately if Silicon Valley should take stronger aim at solving the world’s major healthcare dilemmas. On cancer, Silicon Valley has been pretty active already. Nvidia, for example, […]
The discovery of a new type of quantum phase transition has been announced by researchers. This unique transition happens at an elastic quantum critical point, or QCP, where the phase transition isn’t driven by thermal energy but instead by the quantum fluctuations of the atoms themselves. (via WSJ)
Doha Bank, Qatar’s fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to Reuters calculations, missing analyst expectations. The bank earned a net profit of 35 million riyals ($9.61 million) in the three months to Dec. 31 against 231.4 million riyals in the same period of the previous year, Reuters calculations showed, using financial statements in lieu of a quarterly […]
Samsung’s 8-point battery safety check. Samsung has unveiled the results of its inquiry into why its flagship Galaxy Note 7 smartphones began exploding shortly after launch, and the company has put in place measures to stop this happening again. All of this is welcomed, but it needs to be put into perspective – lithium ion batteries used in smartphones, tablets, laptops, and countless other devices have an […]
By Naveen Thukral | SINGAPORE SINGAPORE Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November […]
Abu Dhabi’s government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion. The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors across the world. The new […]
