Gemini Property Developers has announced that Gemini Splendor, the first of a series of luxury residential projects in the GCC over the next few years, is on track for completion in early 2018. Gemini Splendor is being built in the Hartland community in Dubai’s Mohammed Bin Rashid (MBR) City, with a built-up area of over 320,000 sq ft. The project is expected to be completed in early […]
Wearable electronics are here — the most prominent versions are sold in the form of watches or sports bands. But soon, more comfortable products could become available in softer materials made in part with an unexpected ingredient: green tea. Researchers report a new flexible and compact rechargeable energy storage device for wearable electronics that is infused with green tea polyphenols. (via WSJ)
Friday 04.40 GMT Overview Market volatility dissipated in Asia trade on Friday as the dollar’s downward momentum eased and US Treasuries steadied, but equities in the region were led lower by heavyweights including Toshiba and Samsung. Hot topic Shares in Japan’s Toshiba dropped as much as 12.2 per cent, bringing the company’s market capitalisation nearly 25 per cent lower for the week with a cumulative loss of […]
By Dan Levine | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump will replace his executive order suspending travel from seven Muslim-majority countries “in the near future,” according to a Justice Department court filing on Thursday. Given the upcoming executive order, the Justice Department said a federal appeals court should not reconsider a ruling that suspended Trump’s Jan. 27 order. “In so doing, the President will clear […]
SMEs are going to dominate the renewables space, especially in emerging markets, such as the GCC, with the private sector playing a key role in driving adoption. UAE SMEs driving adoption and growth of the renewables sector The UAE’s cleantech industry is today buzzing with several start-ups and medium sized firms investing huge amounts of time and resources to identify better, more efficient and sustainable ways to […]
The likes of France and the Netherlands have long been staple destinations for cycling enthusiasts, but the growth of riding a bike for sport has seen cycling-holidays spring up all over the world. And there are some new destinations that are going to special lengths to burst onto the scene Yorkshire, England Yorkshire has thrown itself into road cycling with almost unnerving gusto. Since hosting the opening […]
It is not just equities that are rebounding this month. The dollar is up almost 2 per cent against a basket of its peers as it resumes an upward path that most in the foreign exchange market believe is the natural consequence of the economic policies Donald Trump has vowed to deliver. Given the US president has suggested he prefers a weaker dollar, its fresh strength has […]
Thursday 05.10 GMT Overview The dollar was on the back foot in afternoon Asia trading on Thursday as US Treasuries steadied and oil prices found their footing after dipping on news of growing US stockpiles. Hot topic The dollar index tracking the greenback against a basket of peers was off as much as 0.3 per cent, as a rally spurred by US Federal Reserve chair Janet Yellen’s […]
For the tattered Rashidiya neighborhood here, the recent battle never ended. It just shifted course along the river. Rashidiya was the last district in eastern Mosul declared liberated in late January, but army officers say Islamic State sleeper cells remain entrenched. Continue reading the main story And those are not the only troubles here. Even as American-backed Iraqi forces prepare an offensive against the Islamic State stronghold […]
By Babak Dehghanpisheh | BEIRUT BEIRUT Iran’s president must do more to improve the economy, Ayatollah Ali Khamenei said on Wednesday in a rare public criticism from the supreme leader three months before Hassan Rouhani runs for re-election. Unemployment, recession and inflation – issues that could win or lose an election – all remain major problems in the final month’s of Rouhani’s first four-year term, Khamenei said […]
Munich mayor Dieter Reiter: “Employees are not satisfied with our IT. More than half are not happy.” Image: ZDNet/Munich City Council Munich’s city council has resolved to draw up a plan for abandoning LiMux, a Linux distribution created especially for its use, which the mayor wants ditched in favor of Microsoft’s Windows 10 by the end of 2020. Despite heavy criticism from opposition parties, the city’s governing […]
AJMAN // In a bid to spread happiness and optimism, Ajman Municipality has added smiley faces to traffic lights in the emirate. The aim was to give drivers a few seconds of happiness as they waited at a signal and the hope is that it also puts them in a better mood and thus improves their driving, said Marwan Obaid Al Muhairi, director of the project management […]
A couple of years ago, in the midst of its bankruptcy proceedings, we posted a series of stunning pictures illustrating the “Death And Decay Of Detroit.” Once a beacon of America’s manufacturing prowess, a series of time lapsed pictures revealed how, in just a few years following the ‘great recession’ of 2008, the once vibrant metropolis became the poster child for urban decay. Unfortunately, at least according […]
ABB collaborates with DEWA to integrate solar energy and support UAE’s clean energy ambition Zurich, Switzerland, February 14, 2017 ABB has successfully energized a major substation that will help evacuate power from the Mohamed Bin Rashid Al Maktoum (MBR) Solar Park, a key element of the vision to generate 7 percent of Dubai’s power from clean energy sources by 2020; 25 percent by 2030, and 75 percent […]
The US economy and fiscal policy face an uncertain path under the administration of Donald Trump, Janet Yellen warned on Tuesday as she declared “monetary policy is not on a preset course” but said it would be “unwise” to raise rates too slowly. Testifying before Congress on Tuesday, the Federal Reserve chair painted a picture of an economy with accelerating growth, higher inflation and a robust labour […]
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Tuesday announced the Mars 2117 project which aims to build a miniature city on the Red Planet within 100 years. Sheikh Mohammed, also Vice President and Prime Minister of the UAE, said the UAE was currently among the world’s top nine investors in space science. In a series of tweets accompanied by photos of what it describes as […]
By Shadia Nasralla | VIENNA VIENNA An Austrian opposition lawmaker accused Turkey on Tuesday of operating an informer network via its embassy in Vienna that he said targets critics of President Tayyip Erdogan, promotes his policies and receives payments from Ankara. Peter Pilz, from the Austrian Greens, said he had sent documents to the police detailing the activities of the ATIB, an umbrella organisation headed by the […]
People ride Ofo-bicycles in Shanghai Unlock them with an app, drop them off anywhere, and nip past lanes of stationary car traffic: the humble bicycle is seeing a revival in China as a new generation of start-ups help tackle urban congestion and pollution with fleets of brightly coloured two wheelers. The bike-share concept has attracted huge venture capital as fledgling firms wrestle for market share. Such has […]
US markets regulators have delayed enforcement of new derivatives rules due to come into effect in two weeks’ time because few of the hundreds of pension funds, insurers and asset managers affected would be ready in time. There were fears that the widespread lack of readiness to comply could have caused market disruption if they were enforced as planned on March 1. The rules require some derivatives […]
14 February 2017 Manama, Bahrain – SAH Global conducted the MENA region’s first-ever Proton Therapy Patient Reunion in the Kingdom of Bahrain. Founded in 2005, SAH is the only company in the MENA region that is already treating patients from the area, while establishing a network of Proton Therapy centers globally, with the first center slated to be in the GCC. The event was held under the […]
Tuesday 04:40 GMT. Overview Equities in Asia were struggling ahead of comments by Federal Reserve chair Janet Yellen and as oil prices climbed back from a drop spurred by a report indicating output from the US was set to pick up. Hot topic Stock markets in the region deteriorated in afternoon trading, with Australia’s S&P/ASX 200 flat after giving up an early gain of 0.4 per cent, […]
By Svetlana Reiter and Pavel Miledin | MOSCOW MOSCOW Moscow city authorities have given the green light for construction of an exclusive health clinic which, according to technical plans seen by Reuters and medical sources, is designed to treat President Vladimir Putin and senior officials. A Reuters special report published last month described how the planned unit was to be fitted with communications systems that under Russian […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Major Garrett of CBS News is rising to the defense of the extravaganza that is the White House Correspondents’ Association Dinner — and he is nearly convincing. Garrett is a very good, no B.S. reporter who adeptly made the print-to-TV […]
|By Matein Khalid| The US Dollar Index has now fallen 3.5% since it peaked on January 3. Donald Trump and his White House aides broke the 20 year taboo against speaking out against the “strong dollar” policy platitudes. The Federal Reserve did not raise interest rates and signaled no rate hike is imminent at the March FOMC. It is significant that the US dollar has fallen against […]
