Abu Dhabi / WAM A team of researchers from the Masdar Institute of Science and Technology and the Massachusetts Institute of Technology (MIT) have developed a novel, low-cost solar thermal energy conversion system that can easily generate steam from sunlight. The solar conversion system can help make technologies that rely on steam, like seawater desalination, wastewater treatment, residential water heating, ...

  Sharjah / WAM Sheraa, the Sharjah Entrepreneurship Centre, recently conducted a training workshop for young girls engaging more than 200 students between the ages of eleven and eighteen belonging to the Sharjah Girl Guides and Sajaya Young Ladies of Sharjah, focusing on business planning, product branding, effective leadership, and tricks of the trade in pitching new ideas. Najla Al-Midfa, General ...

  Abu Dhabi / Emirates Business The mega winning opportunity at Joyalukkas Summer Winnings received an overwhelming response from customers across GCC. The campaign concluded on August 6 and the winner was announced on August 7. Audi was presented to winner Aleena, on August 30 by Thomas Scaria, Head of Corporate Finance, Joyalukkas group in the presence of Joyalukkas officials ...

  AFP France said on Tuesday it wanted to halt thorny EU-US trade talks as President Francois Hollande said there would be no deal at least until after President Barack Obama leaves office in January. Junior trade minister Matthias Fekl said there was “no more political support in France” for the talks because US negotiators were offering “nothing or just ...

  Bloomberg UK mortgage approvals slumped to an 18-month low in July and consumer borrowing slowed following the decision to leave the European Union. Banks and mutually owned lenders signed off on 60,912 home loans, the fewest since January 2015, the Bank of England said on Tuesday. Unsecured lending rose by 1.2 billion pounds ($1.6 billion), the least in almost ...

  Bloomberg Volkswagen AG Chief Executive Officer Matthias Mueller is pushing forward with a technological and organizational revamp of Europe’s largest carmaker despite internal opposition and expects his efforts to begin bearing fruit in two to three years. “Some believe this will pass eventually, that Mueller will only be there for five years, then there’s a new boss and when ...

  AFP US industrial snacks giant Mondelez International said Monday it had dropped plans to merge with chocolatier The Hershey Company. The announcement came nearly two months after Hershey, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, rejected a $23 billion takeover offer from Mondelez. “Following additional discussions, and taking into account recent shareholder developments at Hershey, we ...

  AFP Internet entrepreneur Kim Dotcom was on Tuesday granted his wish to live-stream his bid to avoid extradition to the United States where he is wanted on online piracy charges. Attempts by the United States to block the live-streaming request were rejected by Judge Murray Gilbert in the Auckland High Court. Lawyers for the US argued live-streaming could pollute ...

  Bloomberg Banco Santander SA, Spain’s biggest bank, hired Morgan Stanley as an adviser to help it buy Citigroup Inc.’s retail assets in Brazil for $350 million to $450 million, according to three people with knowledge of the matter. Santander, whose Brazil unit generates about 19 percent of the Madrid-based company’s revenue, also is working with Credit Suisse Group AG, ...

  Bloomberg Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, reported the first decline in its bad-loan ratio since 2012 in the second quarter, while eking out 1 percent profit growth. ICBC’s non-performing loans fell 4 percent to 196.3 billion yuan ($29.4 billion) at the end of June from three months earlier, according an earnings ...