TAIPEI Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans, which would be carried out with its unit Sharp Corp (6753.T), still depend on many factors such as investment conditions that would have to be negotiated at the […]
After more than 10 years, how did “An Inconvenient Truth” change the conversation on climate change? Tech Times looks back at the climate crisis in the decade that followed the award-winning film. ( Christopher Furlong | Getty Images ) When the documentary first premiered, An Inconvenient Truth presented data and information that were, in fact, inconvenient. The world back then was complacent about the massive usage of fossil […]
Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. “I am satisfied, I am optimistic and, as I said, the markets are on their way to rebalance and it’s happening,” Saudi energy minister Khalid al-Falih said. Compliance […]
For some living in Singapore soon to be banned 2G phones are the only affordable or practical option When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal—digital have-nots left behind by the relentless march of technology. From technophobic pensioners to cash-strapped migrant workers, some 140,000 people in highly-wired Singapore still use the city-state’s second […]
BEIRUT The Syrian army and its allies on Sunday drove Islamic State from the village of Soran, east of Aleppo, state media and a military media unit run by Hezbollah reported, bringing them closer to territory held by Turkey-backed rebels. Several overlapping conflicts are being fought in Syria, dragging in regional and global powers as well as the government and local groups, complicating the battlefield in the […]
By Rania El Gamal and Vladimir Soldatkin | VIENNA VIENNA A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. The committee is expected to discuss how to best monitor compliance with the deal reached late last year as well as what level of compliance would […]
Kuwait is well positioned to mitigate the impact of lower oil prices on the economy despite a deterioration in the country’s fiscal position, according to the International Monetary Fund. It said in a new report that Kuwait’s nonhydrocarbon growth has moderated from 5 percent in 2014 to about 3.25 percent last year as a result of the drop in oil prices. However, large financial buffers and low […]
Middle East stands out as a key growth area for food providers in global packaged F&B, with market tipped to reach USD2.2 trillion by 2020 22 January 2017 Dubai, UAE: The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands […]
TAIPEI The head of Foxconn, the world’s largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of Foxconn, formally known as Hon Hai Precision Industry Co, warned that uncertainties for this year make it tough to have a very clear analysis and outlook, but he said it was clear politics would […]
21 January 2017 Dubai – LABTEC LLC, a leading player in design, manufacturing, installation and commissioning of laboratory furniture and a part of Masharie LLC – a subsidiary of Dubai Investments PJSC, has won projects worth AED 11 million in the UAE and Eritrea to supply and installation of laboratory furniture and fire-rated doors. The new projects won by LABTEC include an AED 6.6 million contract for […]
For hundreds of years, fishing and pearl diving were vital to the people who lived around the Arabian Gulf. Along with trade, it was these two activities that allowed communities to flourish in the days before the discovery of oil. While pearl diving is largely a thing of the past, fishing remains a major industry – perhaps too major. Like many other seas, the Arabian Gulf is […]
TOKYO, A day after Donald Trump became U.S. President and vowed to put “America First”, Asian media decried his isolationist policies, fearing they will chill the global economy and sow widespread international discord. In a defiant inaugural address, Trump said U.S. workers have been devastated by an outflow of jobs overseas, one of the main themes of a divisive campaign that emphasized making America strong again. In […]
The head of Dubai’s Roads and Transport Authority (RTA) has inaugurated its new smart rental service, described as the first of its kind in the Middle East. The service enables customers, especially public transport users, to rent cars for short periods not exceeding six hours via smart apps. The RTA said it has contracted with U drive and ekar to operate 200 vehicles (100 each) at a […]
Beware the delusions of an aggravated man. Of all the fantasies perpetrated in Donald Trump’s joyless rant of an inaugural speech, none was more preposterous than the self-casting of the man in the golden elevator as Defender of the People. The president’s crusade for Joe and Jane Sixpack will commence with an immense tax cut for the rich and, should Family Sixpack have any pre-existing health problems […]
Dubai Chamber of Commerce and Industry saw its network of members grow by 9 percent, or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The increase strengthens the Chamber’s position as one of the largest membership-based chambers of commerce in the world, it said in a statement. It said the total value of members’ exports and re-exports amounted […]
21 January 2017 Abu Dhabi, UAE: Middle East Sulphur 2017, a new conference held from February 12-16, will highlight the ever-growing value of the commodity regionally and beyond. Often viewed as a by-product of the oil and gas industries, sulphur is now coming to the fore as its versatility and potential is realised by business leaders around the world. Sulphur is also the primary source in producing sulphuric […]
Microsoft is poised to lay off 700 people the week of January 22, according to a Business Insider report. While Microsoft officials declined to comment on the report, I’ve heard from my contacts that it is correct. The 700 employees who are in line to be let go this coming week — the same week Microsoft is reporting its fiscal 2017 second quarter earnings — are part […]
Almost 40 years ago, German audio specialist Sennheiser set its engineers an ambitious task: to create the world’s best headphones, irrespective of cost. By 1991, the task was complete and the legendary Orpheus HE90 launched for sale with a price tag of $16,000 – about $28,000 in today’s currency. Fast-forward two decades, and Sennheiser has done it again. Its updated version of the HE90, the Orpheus HE1, […]
While the rest of the developed world woke up in a cold sweat on the first official morning of the Trump presidency, the Kremlin said that Russia’s Vladimir Putin was ready to meet President Trump but preparations for the possible meeting may take months, not weeks, according to Putin spokesman Dmitry Peskov. “This will not be in coming weeks, let’s hope for the best – that the […]
But not everywhere. Pockets of celebration broke out here and there, in places where Mr. Trump’s nationalist message matched local stirrings, and his promise of friendlier relations with President Vladimir V. Putin of Russia and a harsher approach to Islamic terrorism were eagerly embraced. Photo A participant at the European Trump Society event reading “The Trump Doctrine” by Borislav Cekov, a founder of the group. Credit Boryana […]
· Global security and fire safety leader to showcase solutions from recently-acquired Xtralis, a pioneer in early fire and intrusion detection technologies · Honeywell to host seminars and workshops for industry stakeholders, experts to discuss market trends, latest technologies and regional best practice 21 January 2017 Dubai, United Arab Emirates – In response to growing demand for smarter, more connected security systems across the Middle East, Honeywell (NYSE: HON) will […]
While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]
When it comes to gourmet food, you can find all manner of creations in Dubai – from camel stir fry to truffle ice cream. Yet there is one thing missing – a Michelin star. That may be about to change, if recent rumours are to be believed. The prestigious 126-year-old French ratings guide recently expanded to Singapore, another expatriate-dominated hotspot. Last April, the international director of Michelin […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]
