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Israel harnesses sunshine with world’s tallest solar tower

  AP In sunny Israel, solar energy supplies only a small percentage of the nation’s power needs, leaving it far behind countries with cloudier and colder climates. Now the fledgling solar industry is trying to make a leap forward with a large-scale project boasting the world’s tallest solar tower, as a symbol of Israel’s renewal energy ambitions. With Israel traditionally ...

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Saudi body rules on insider trading in Mobily shares

  Reuters A special Saudi Arabia committee has found a number of individuals guilty of providing insider information and insider trading in shares of telecoms operator Mobily, leaving them facing potential jail terms of between one and two years, the kingdom’s Capital Market Authority (CMA) said. The findings of Saudi Arabia’s Committee for the Resolution of Securities Disputes (CRSD) are ...

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Samsung business sound despite Galaxy Note 7 fiasco

  Bloomberg Samsung Electronics Co. underscored the resilience of its business when it reported its best operating profit in three years, weathering the death of its fire-prone Galaxy Note 7 with the help of its workmanlike chip and display divisions and cheaper smartphones. The world’s largest maker of mobile devices posted a 50 percent surge in quarterly operating profit after ...

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