A map of China is seen through a magnifying glass on a computer screen showing binary digits in Singapore in this January 2, 2014 photo illustration. Reuters/Edgar Su/Files SINGAPORE Security researchers have many names for the hacking group that is one of the suspects for the cyberattack on the U.S. government’s Office of Personnel Management: PinkPanther, KungFu Kittens, Group 72 and, most famously, Deep Panda. But to […]
Humans will be extinct in 100 years because the planet will be uninhabitable, according to Australian microbiologist Frank Fenner, one of the leaders of the effort to eradicate smallpox in the 1970s. He blames overcrowding, denuded resources and climate change. Fenner’s prediction is not a sure bet, but he is correct that there is no way emissions reductions will be enough to save us from our trend […]
For an earnest young Christian named Ben Lowe, revelation came on the shores of Lake Tanganyika, in Africa. A relentless warming of the lake was reducing the catch of fish, the people were going hungry — and he had learned of scientific evidence that climate change was to blame. For the Rev. Brian Sauder, who grew up attending a small Anabaptist church in rural Illinois, the moment […]
|By TAP Staff| The shale industry boom, which was instrumental in oil producers like Gulf countries losing control of the market, is facing the risk of being sunk by the weight of debt. That should bring some reassurance to Gulf countries, who are now struggling to cope with the impact of lower oil prices. According to a Bloomberg report, drillers are devoting more revenue than ever to […]
Smartphone users can now access data on the potential for renewable energy around the world. The free app, called The Global Atlas pocket, has been launched by the International Renewable Energy Agency, and combines 1,000 maps from 67 governments and 50 data centres to provide information on renewable energy resources anywhere in the world. The app can tell users the renewable energy potential of a certain area, […]
VATICAN CITY — Pope Francis on Thursday called for a radical transformation of politics, economics and individual lifestyles to confront environmental degradation and climate change, as his much-awaited papal encyclical blended a biting critique of consumerism and irresponsible development with a plea for swift and unified global action. The vision that Francis outlined in the 184-page encyclical is sweeping in ambition and scope: He described a relentless […]
INTERNATIONAL. Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.11 million barrels per day (b/d) in May, up 180,000 b/d from April and the group’s highest monthly volume since October 2012, according to the latest Platts survey of OPEC and oil industry officials and analysts. “OPEC’s communique after the June 5 meeting mentioned that members had been urged to adhere to its production […]
Reliance eyes Dec start for 4G phone service MUMBAI, 13 hours, 47 minutes ago After five years and more than $15 billion of investments, Mukesh Ambani said his Reliance Industries could be ready to begin 4G phone services in December. Reliance, India’s second-largest company by market value and led by India’s richest man, derives most of its revenue from its sprawling energy empire, but has over the […]
UAE. Economic Insight: Middle East Q2 2015 is produced by Cebr, ICAEW’s partner and economic forecaster. Commissioned by ICAEW, the report provides a snapshot of the region’s economic performance. The report undertakes a quarterly review of the Middle East, focusing on the Gulf Cooperation Council (GCC) member countries (United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait), as well as Egypt, Iran, Iraq, Jordan and Lebanon […]
Al Hilal Bank opens new branch in Masdar City ABU DHABI, 6 days ago Al Hilal Bank has inaugurated its new brand in the Masdar City, a mixed-use project being developed in Abu Dhabi which is envisioned to emerge as a sustainable eco-city. The branch aims at highlighting Al Hilal Bank’s commitment to introducing products, services and facilities that are environmentally friendly and powered by state-of-the-art technology. […]
As consumer demand for online data, streaming content and mobile services continue to grow, Apple is reportedly looking to boost its high-speed networkinfrastructure to provide more of those services in-house. Citing “people familiar with the plans,” Bloomberg on Monday reported that Apple’s new network ambitions are aimed at helping it better compete with rivals like Amazon, Facebook, Google and Microsoft. While Apple already operates its own data […]
Adams … master-planning is important for sustainable developments. Master-planning key to sustainable mixed-use projects DUBAI, 3 days ago The Middle East has a unique set of challenges and opportunities with regard to creating large, mixed-use developments, says Louise Adams, former country manager UAE at Aurecon, an engineering, planning, project management and consulting company. Adams describes the importance of investing in master-planning, some of the current opportunities and […]
QATAR. Risk, governance, globalization and technology are among the many risks currently facing companies. Internal Audit plays a critical role in addressing these issues while contending with the challenge of complying with the updated Committee of Sponsoring Organizations’ (COSO) Internal Control-Integrated Framework, which is a widely used framework around the world, in which internal control is broadly defined as a process, effected by an entity’s board of […]
The UAE has launched a comprehensive review of its environmental achievements in time for today’s World Environment Day. The UAE State of Environment Report 2015 was launched in the country’s pavilion at the Milan Expo yesterday by Dr Rashid bin Fahad, Minister of Environment and Water. Clean energy – led by Abu Dhabi company Masdar – sustainable transport, green architecture and efficient use of resources are among […]
By RICK GLADSTONE June 3, 2015 The adjourned espionage trial of Jason Rezaian, the Washington Post correspondent incarcerated in Tehran since last July, will resume on Monday, Mr. Rezaian’s brother said Wednesday. The brother, Ali Rezaian, confirmed via email a report by the Iranian Students’ News Agency quoting the defense lawyer, Leila Ahsan, as saying that said she had been informed of the date for the next hearing in […]
UAE. On managing the work/life complexity Richard Jolly, Adjunct Professor of Organisational Behaviour, London Business School comments: “The demands from work and personal life have never been greater in the GCC. I see two reasons senior managers should take a closer look at the way the complexities of work and personal life are handled in their companies. “It’s what we call the ‘Double Crunch’ a stage where […]
|By Fiona Maharg-Bravo |Big Oil is too confident about crude prices. After a 40 percent rally from January’s six-year low, the momentum has been on the upside. But the current prices – $65 a barrel for Brent and $60 for WTI – look more like a ceiling than a floor. That is not what many insiders seem to think. Some oil service companies expect mid-$70s Brent by […]
Pakistani volunteers tried to identify the bodies of some of the 22 people killed Friday night in attacks in Baluchistan. By SALMAN MASOOD and ZIA ur-REHMAN May 30, 2015 ISLAMABAD, Pakistan — Tensions were running high on Saturday in southwestern Pakistan after dozens of heavily armed gunmen, wearing the uniforms of security forces, stopped two buses, singled out ethnic Pashtuns and fatally shot at least 22 of them on Friday night. […]
Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well as due to the driving season in the United States is being met by near record output, especially from the Organization Of Petroleum Exporting Countries (OPEC), although […]
Iran is likely to abolish subsidised fuel allowances for motorists, an Oil Ministry adviser said on Saturday, in a move that will cut state spending but could also drive inflation and cause protests. The government is trying to curb subsidies that have led to profligate energy consumption and put a strain on public finances, already squeezed by international sanctions and last year’s drop in oil prices. “The […]
