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October 27, 2016 Technology
NEW YORK / AP Microsoft wants to bring life to common computing experiences by adding a third dimension to widely used software such as Windows and Office. The new tools, part of a free “Creators Update†to Windows 10 early next year, promise to make it easy for people to create and share photos, drawings and other images in …
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October 27, 2016 Technology
WASHINGTON / AP A next-generation artificial hand is letting two amputees tell the difference between a soft or firm touch — like holding a child without squeezing too tightly. It’s another step toward developing prosthetics that can feel. Implanted electrodes allowed the men to feel the same intensity of pressure in the artificial hand as they could in their …
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October 27, 2016 Regional News
ALGIERS / Reuters Algeria is preparing to speed up the diversification of its oil-reliant economy in the coming year after starting to cut state subsidies to offset a fall in energy earnings, the head of parliament’s finance committee said. In the past, the OPEC member took advantage of high prices for oil and gas, which account for 60 percent …
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October 27, 2016 Regional News
Cairo / Emirates Business The World Bank has announced, during a ceremony to celebrate the release of its 14th Doing Business Report, that Egypt moved up nine places compared to last year. The country now ranks 122, which represents a significant improvement on its previous ranking of 131. The ceremony was attended by Dr. Mohamed Khodeir, the CEO of …
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October 27, 2016 Energy
Reuters Iran’s crude oil exports are set to decline 5 percent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza. Iran’s oil exports typically hit a low around October or November each year, reflecting peak refinery maintenance seasons …
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October 27, 2016 Energy
Reuters Kuwait has begun operating its first-ever solar power plant at the Umm Gudair oil field, a landmark for the OPEC member country as it seeks to diversify its sources of energy to meet fast-rising local demand. The 30-million Kuwaiti dinar ($99 million) project, Sidrah 500, will produce 10 megawatts (MW) of electricity, half of which will be supplied …
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October 27, 2016 Regional News
Jeddah / Emirates Business JLL, the world’s leading real estate investment and advisory firm, released its Q3 2016 Jeddah Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotel sectors. The latest market summary report discusses the opening of two internationally branded hotels — the Movenpick City Star Hotel (228 keys) and …
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October 27, 2016 International News, Uncategorized
AFP Samsung Electronics on Thursday reported an expected 30 percent profit plunge on the back of a highly damaging recall crisis that hammered the reputation of the world’s largest smartphone maker. The third quarter earnings were announced just hours before the start of an annual shareholder meeting which was set to approve the latest step in a complex generational …
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October 27, 2016 International News
Bloomberg Stresses among Singapore’s oil and gas companies are deepening, the head of Southeast Asia’s second-largest lender said, signaling that more firms grappling with the slump in energy prices may face difficulties repaying their debts. “I don’t think the oil and gas sector is in a situation where it is in a recovery mode yet, and continues to be …
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October 27, 2016 International News
Bloomberg Profits of China’s industrial corporations are holding up this year thanks to a boost from steel and refining, even as last month’s earnings slowed from a three-year high. Industrial profits in January-September rose 8.4 percent from a year earlier to 4.64 trillion yuan ($685 billion), the National Bureau of Statistics said Thursday. Earnings last month rose 7.7 percent …
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