By all accounts, the June charity gala at Skylight, a Beaux-Arts building in midtown New York, was a very glitzy affair. Whoopi Goldberg served as master of ceremonies, while Naomi Campbell and Leonardo DiCaprio were among the A-list guests. The hosts for the evening were Martin Chavez, named this week as the next chief financial officer of Goldman Sachs, and his husband, Adam Norbury. In many respects […]
With Net Profit Reaching SAR 159 Million; a 41.8% Increase Compared to the Same Period Last Year: 15 December 2016 Riyadh: Saudia Dairy and Foodstuff Company (SADAFCO) has commenced operations of the new solar project that comes in line with the Kingdom’s 2030 vision for renewable energy, offering new employment opportunities and creates economic diversification. “The new 2 SAR million solar power project at our Riyadh Regional […]
The number of passenger cars in use in the GCC region is expected to grow at 5 percent annually from an estimated 10.3 million in 2015 to 13.2 million in 2020, according to Alpen Capital. Its report said new passenger car sales are projected at 1.4 million in 2020, compared to 1.2 million in 2015. Although new sales declined in 2016 and will be under pressure in […]
By EconMatters We discuss a preview of January`s Earnings releases and how massive the gap down in most of these stocks will be when they report in a month. There have already been two earning`s guide downs from industrial companies this past week in UTX, and HON. But with the run up in financials and energies for the last month we are going to experience big $5 […]
A new theoretical framework for stabilizing high-energy accelerators has been developed by a team of scientists. (via WSJ)
When the first commercial solar photovoltaic panel was unveiled in 1954, it was only capable of converting into electricity six per cent of the Sun’s light. Efficiency has increased since then, making solar a viable option for homes and power plants alike. The gains started plateauing in the 1990s and today’s panels, which convert about a quarter of the sunlight they capture into electricity, are only slightly […]
Thursday’s exciting launch of eight microsatellites carried by Pegasus XL rocket under the Cyclone Global Navigation Satellite System mission, or CYGNSS, was special in many ways. Prime among the pull factors was the live coverage accorded by NASA’s F-18 support aircraft while chasing Orbital’s L-1011 carrier aircraft. The launch at a predetermined drop point, 39,000 feet high above the Atlantic Ocean had winged Pegasus XL rocket getting dropped […]
BP will take a 10 percent stake in Abu Dhabi’s ADCO onshore oil concession for 40 years under a deal signed on Saturday with Abu Dhabi’s Supreme Petroleum Council and the Abu Dhabi National Oil Company (ADNOC), the latter said. Under the deal signed in Abu Dhabi, BP agreed to issue new ordinary shares representing approximately 2 percent of its issued share capital (excluding treasury shares) which […]
Kuwaiti telecoms firm Zain Group has made a strategic investment in Colle Capital Partners, an early stage technology venture fund based in New York, with a presence in San Francisco. Colle Capital Partners has a diversified technology focus with an emphasis on data in energy, media, telecommunications, health IT, security, and software development. Zain said its investment in Colle Capital Partners is its fourth in technology-focused venture […]
Statistical analysis of mini-spiral galaxies shows an unexpected interaction between dark matter and ordinary matter. According to a new report, where the relationship is obvious and cannot be explained in a trivial way within the context of the Standard Model, these objects may serve as “portals” to a completely new form of Physics which can explain phenomena like matter and dark energy. Source
Dubai, 15 December 2016 At the end of October the new cryptocurrency Zcash was launched. It is positioned by its creators as a more secure alternative to Bitcoin. Soon after the launch, the price of Zcash coins skyrocketed, followed by a spike in the installation of the application used to generate Zcash on personal computers. In many of these cases, the app was disguised as something else […]
A group of intelligence experts, including a former head of MI6, has cut ties with fellow academics at Cambridge university, in a varsity spy scare harking back to the heyday of Soviet espionage at the heart of the British establishment. Sir Richard Dearlove, the ex-chief of the Secret Intelligence Service and former master of Pembroke college, Stefan Halper, a senior foreign policy adviser at the White House […]
By James Oliphant and Emily Stephenson | WASHINGTON WASHINGTON With more than 20 nominees now selected, Donald Trump’s cabinet appears much like the president-elect himself: mostly older, white males, many of them wealthy, who see themselves as risk-takers and deal-makers and prize action over deliberation. Trump, who says Washington is “broken” and controlled by special interests, has largely eschewed technocrats with long government experience. Instead, he has […]
New catalysts containing platinum and lead could improve the efficiency of fuel cells — a promising technology for producing clean energy. (via WSJ)
Low-frequency mechanical energy harvesting could provide as much as 40 percent of the power requirements for next generation smartphones and tablets. Credit: Wang Lab/Penn State A new concept in energy harvesting could capture energy that is currently mostly wasted due to its characteristic low frequency and use it to power next-generation electronic devices. In a project funded by electronics giant Samsung, a team of Penn State materials […]
If there was a way to end the year on a bright note for as many businesses as possible, a deal to cut oil production was probably the most likely news to hit the spot. Of course, there will be some sectors not sharing in the joy – those that rely heavily on oil to fuel, such as aviation, manufacturing and agriculture, may be dreading increased costs. […]
Credit: Ecole Polytechnique Federale de Lausanne A drone has been equipped with feathers to increase its precision during flight. The bio-inspired device can spread or close its wings while flying, making it easier to maneuver and more resistant in high winds. When they need to change direction, increase their speed or counter headwinds, birds alter the configuration of their wings. To steer, for example, they spread one […]
Although residential and commercial industries are widely adopting energy-efficient light emitting diodes (LEDs), the drop in LED prices is driving away manufacturers because of decreased profitability, dramatically dislocating and restructuring the solid-state lighting marketplace, says a new American report. (via WSJ)
South Korea’s IT export for November rose 3.3 percent compared to a year ago thanks to semiconductors and displays, the country’s trade ministry has said. The rise ends 14 straight months of decline caused by the rise of Chinese competitors and the global economic downturn. Total IT export for the month was $14.8 billion, a rise of 3.3 percent from a year ago, while import was $8.08 […]
TOKYO Japan’s Prime Minister Shinzo Abe and Russian President Vladimir Putin wrapped up two days of talks on Friday with numerous economic deals but no big breakthrough on a territorial row that has overshadowed ties between the countries since World War Two. The following list details energy and other alliances and agreements between Japanese and Russian companies and government enterprises announced during the summit meetings: HEALTHCARE – […]
16 December 2016 MARC has affirmed its rating of AA-IS on Jimah East Power Sdn Bhd’s (JEP) outstanding RM8.98 billion Sukuk Murabahah with a stable outlook. JEP was established to develop, design, construct and operate a 2×1,000-megawatt (MW) ultra-supercritical coal-fired power plant in Jimah, Negeri Sembilan under a 25-year power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB). As at August 31, 2016, the power plant project […]
Friday 08:00 GMT Overview Equity markets are steady, holding near recent highs, as the dollar’s bounce to a 14-year peak on expectations of a more hawkish Federal Reserve pauses for breath. Bond markets are calmer too after the recent battering that pushed yields to their richest in many months, while gold edges up. Hot topic The dollar and surging bond yields has been one of the biggest […]
Allergic reactions to peanuts cause around 500 hospitalizations and even some deaths in the United States each year. Food that contains trace amounts, because it was produced with factory equipment or kitchen tools that came into contact with peanuts, can prove fatal for allergic individuals who consume it unsuspectingly. Accidentally ingesting as little as a third of a single peanut — about 70 milligrams — can send […]
Doha, Qatar December 15, 2016 Muntajat (Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C.) signed its first international agency marketing agreement with Total. The signing ceremony took place at the K Trade Fair 2016 in Dusseldorf, Germany and was attended by senior representatives from Muntajat and Total. Total produces a range of polymers including polyethylene, polypropylene, and polystyrene. With Polymers business unit offices based in Brussels, […]
