News

  Dubai / Emirates Business NASA Administrator Charles Bolden visited the Mohammed bin Rashid Space Centre (MBRSC) accompanied by a number of NASA officials and representatives of the United States Embassy in the UAE and the United States Consulate in Dubai. Bolden and the accompanying delegation met His Excellency Yousuf Hamad Al Shaibani, Director General of MBRSC, project managers and ...

  Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, has revealed its innovative “smart mosque” research project that leverages advanced sensor technologies and customized mathematical algorithms to make mosques “smart” and significantly more energy-efficient. Masdar Institute has been working with the General Authority of ...

  Abu Dhabi / Emirates Business National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investment company in the UAE, organised a series of innovative financial planning seminars in the form of focus group discussions. The sessions, bringing together selected high-net-worth customers to talk about various topics related to personal finance with experts, were held in Dubai and Abu ...

  Dubai / Emirates Business The success of any business largely depends on the quality of the employees it attracts and retains. According to the recent Bayt.com “Trends in Employer Branding in the Middle East and North Africa” poll, conducted by business facilitation company Naseba and Bayt.com, the Middle East’s leading job site, 84.5% of the respondents believe that engaging ...

  CAIRO / Reuters Economists are roughly evenly split on whether Egypt’s central bank will raise interest rates at its monetary policy committee (MPC) meeting on June 16, after a jump in inflation in May. Six out of 11 economists in the Reuters poll expect the bank to hold rates while five expect a hike ranging from 25 basis points ...

  ERBIL / Reuters Iraq’s Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion, a spokesman for the Kurdistan Regional Government (KRG) said. Iraq’s central government in March stopped oil exports through a Kurdish pipeline to pressure the local ...

  Amman / Tribune News Service An international group has commended Jordan for its responsible and balanced approach to its peaceful nuclear power programme. A report by the International Advisory Group (IAG) has indicated that the Kingdom has “aggressively engaged with the IAEA in the development of its nuclear programme and has sought and obtained extensive peer reviews and this ...

  Bloomberg Solar panels and wind turbines may find a home alongside Cenovus Energy Inc.’s future low-carbon oil-sands business as the Canadian producer adjusts to changing patterns of supply and demand for energy. Cenovus has had discussions about renewable energy investments, said Chief Executive Officer Brian Ferguson, in an interview in Montreal where he spoke on a panel about the ...

  Bloomberg America’s renewed love affair with driving could reshape the U.S. ethanol industry. Green Plains Inc. said it agreed to buy two plants from Spain’s Abengoa SA, and the European company separately said it would sell two other mills — with the four sales totaling $350 million. Also at play is The Andersons Inc.’s biofuel arm, which HC2 Holdings ...

  Bloomberg Argentina is one step closer to regaining its status as an emerging market as MSCI Inc. considers the possibility of an upgrade that could lure new investors. The market in South America’s second-largest economy will be included in MSCI’s 2017 annual market review to determine if the nation is ready to leave its frontier status after seven years. ...