News

Dubai / Emirates Business Mohammed bin Rashid Space Centre (MBRSC) has launched the first edition of Mohammed bin Rashid Space Centre Science Event (MBRSC Science Event), that will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on October 21, at Etihad Museum under ...

Dubai / Emirates Business Etisalat on Sunday announced the official launch of the first IPX Exchange platform in the Middle East and Africa (MEA) region to support IPX traffic exchange; an integral part of Smart Hub services. The official launch of the first IPX Exchange platform will be made in the presence of senior Etisalat executives at the 13th Telecoms ...

­­­­­­­­­­­Bloomberg The world’s largest digital advertising companies reined in their automated money-making machines after the systems were shown to spit out ads based on racist and other offensive information. Facebook Inc. shut off a key self-service ad tool, while Google stopped its main Search ad system automatically from suggesting offensive phrases for targeting. The moves are the latest sign of ...

Bloomberg Seven years worth of Ford Motor Co.’s most-popular SUV model are a step closer to recall in the US over mounting reports of exhaust fumes leaking inside. The National Highway Traffic Safety Administration (NHTSA) has taken an interim step towards prompting the recall of 1.3 million 2011-2017 Ford Explorers, including 2016-2017 Explorer Police Interceptor models, according to a posting on ...

Bloomberg Portuguese Finance Minister Mario Centeno expects greater demand for his nation’s debt from a broader array of investors to spur lower borrowing costs both for the government and corporations, after the country’s credit rating was restored to investment grade status by S&P Global Ratings. “This has a very significant impact,” Centeno said in a telephone interview. “It allows a ...

Bloomberg Anthem Inc. reversed course and said it will offer Obamacare plans in Virginia, after a pullback by another insurer threatened to leave the state with large gaps in coverage. Anthem revised its 2018 offerings, saying in a statement that it would now offer plans in 68 cities and counties in Virginia. Around the US, insurers face deadlines at the ...

Bloomberg Consumer spending in Miami and Fort Lauderdale plunged more than 57 percent from a year earlier as Hurricane Irma caused residents to evacuate or take shelter, according to a report from First Data Corp. Information released by the Atlanta-based company, which tracks shopping activity through the transactions it processes, shows consumption peaked September 5 and then cratered September 8, ...

Bloomberg Could a Cardiff, Wales-based wafer company be the next big thing for UK technology investors? Investors trying to sniff out hidden Apple Inc. suppliers are betting on it, sending the shares of IQE Plc up more than 300 percent this year. The company is the second-best performer in the FTSE AIM 100 Index year-to-date and has also beaten every ...

KHOBAR / Reuters Saudi Arabia is expected to launch a tender process for its first nuclear reactors as early as next month and will reach out to potential vendors from countries including South Korea, France and China, industry sources said. The world’s top oil exporter wants to start construction next year on two plants with a total capacity of up ...

Bloomberg A dearth of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, even as demand growth is expected to slow over the next five years, a senior International Energy Agency (IEA) official. The worldwide cushion of spare production capacity will shrink without further investment in exploration and output, Neil Atkinson, the head ...