News

  Dubai / WAM The Masdar Institute of Science and Technology (MIST) on Wednesday announced that 19 UAE national undergraduates engaged in scientific exploration at its research laboratories as part of its Ektashif summer programme this year. The Ektashif Summer 2016 programme offered undergraduates majoring in science, engineering or information technology, an opportunity to experience the advanced technology environment at Masdar ...

  Sharjah / WAM The Big Heart Foundation (TBHF) a Sharjah-based humanitarian charity dedicated to helping refugees and people in need worldwide, is funding a medical clinic at the Zaatari camp in Jordan which when completed, will provide refugees living there 24-hour access to essential healthcare services. Launched in collaboration with the United Nations Refugee Agency, UNHCR, and the Jordan Health ...

  Dubai / WAM Expo 2020 Dubai joined the Hamdan Bin Mohammed Bin Rashid Al Maktoum International Photography Award (HIPA) to launch an exciting new photography competition for young people across the GCC, aged 16 to 25. The competition will run until September 30 and the winners will be announced at the 2016 edition of YouthConnect, to be held in Dubai ...

  Bloomberg EON SE posted a first-half loss after taking 3.8 billion euros ($4.2 billion) in charges linked to the listing next month of its Uniper unit. Its shares slumped the most in more than six weeks. The impairments and contingency losses for its power stations burning fossil-fuel and natural gas storage assets led to a net loss of 3.03 ...

  London / AFP British workers on the Eurostar cross-Channel rail service will strike for seven days this month, including over a public holiday weekend, in a dispute over hours, a union said on Wednesday. Fifty-five members of the Rail, Maritime and Transport (RMT) union will begin the action this Friday, which the company said would see a maximum of ...

  Prague / AFP European energy heavyweight CEZ said its net profits for the first half of 2016 had fallen by 10 percent against a year ago due to a drop in energy prices. The Czech state-run power group, which ranks among Europe’s top electricity exporters, earned 13.8 billion koruna (511 million euros, $566 million) on sales of 98.9 billion ...

  Paris / AFP French industrial production dropped for a second straight month in June, statistics bureau Insee said Wednesday, alarming analysts who had been looking for a modest increase. Output fell 0.8 percent in June, after dropping 0.5 percent in May, with oil refining posting the largest single decline after strikes in France’s oil industry. Connor Campbell, an analyst ...

  Bloomberg As loss-laden power distribution companies delay millions of dollars in payments for clean-energy capacity, India is looking to create a dedicated green energy trading platform in a bid to give the renewable sector more selling options. The country’s largest power exchange, Indian Energy Exchange Ltd., is looking to roll out a dedicated platform for the trade of clean ...

  Bloomberg As Chinese companies go on a record $157 billion overseas buying binge, they’re collecting their corporate trophies at the cheapest levels in four years. The median price they’re paying this year amounts to 14 times the Ebitda — or earnings before interest, taxes, depreciation and amortization — of the target companies, down from a multiple of 16 in ...

  Bloomberg Palm oil stockpiles in Malaysia declined in July as exports from the world’s second-largest producer surged to the highest this year. Inventories fell 0.2 percent to 1.77 million metric tons at the end of July from a revised 1.775 million tons a month earlier, according to data released by the Malaysian Palm Oil Board on Wednesday. That compares ...