Bloomberg Energous Corp. has seen its share price more than double this year, largely on the promise of a smartphone future without electrical outlets or charging mats. San Jose, California-based Energous is one of a handful of companies racing to introduce technologies that may allow our phones, tablets and smartwatches to be powered from across a room —all at …
Read More »
Los Angeles / AFP Festering alongside mountains of stinking trash under the sweltering South American sun, Cateura is a long way from the conservatories of Prague or Vienna. Yet the township which grew out of Paraguay’s largest dump is gaining an unlikely reputation as a hothouse for musical talent — and for its youth orchestra that plays instruments made …
Read More »
Hitra / AFP In a peaceful bay off Norway’s Hitra island, massive nets teem with salmon destined for dinner tables worldwide — an export boon for the Nordic nation that comes with a long list of environmental side-effects. As an industry, the ocean-farming of salmon is only about 40 years old. But the harm it causes has been widely …
Read More »Geneva / AFP The World Trade Organization on Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal between the European Union and United States battle stiff opposition and as Britain’s EU exit causes …
Read More »Abu Dhabi /Â WAM The Abu Dhabi-Sino Investment Forum, organised by the Abu Dhabi Department of Economic Development (ADDED) at Crown Plaza Hotel in Abu Dhabi on Tuesday, attracted more than 250 businessmen and investors. The event was also attended by Sheikh Nahyan bin Hamdan bin Mohammed and Chinese officials. The Acting Under-Secretary of the ADDED, Khalifa bin Salem Al …
Read More »
SHARJAH / WAM Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, HFZA, and Sharjah Airport International Free Zone, SAIF Zone, recently inaugurated a US$100 million petroleum storage terminal for Sharafco Group at the Hamriyah Free Zone. With 16 storage tanks, the new facility has a capacity to store 80,000 cubic metres of oil. It is equipped with …
Read More »DUBAI / WAM The Ministry of Climate Change and Environment will sponsor the Sustainable Agriculture Container, a project developed by the second batch of the Carbon Ambassadors Programme, the Dubai Electricity and Water Authority (DEWA) has announced. The project aims to transform used service containers into sustainable agricultural containers, to spread environmental awareness, and encourage people to adopt an …
Read More »ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate M1, increased by 0.7%, from AED469.8 billion at the end of July 2016 to AED473.3 billion at the end of August 2016. The Money Supply aggregate M2, decreased by 0.6%, from AED1191.2 billion at the end of July 2016 to AED1183.9 billion at the …
Read More »
DUBAI / WAM HE Sultan bin Saeed Al Mansouri, Minister of Economy, and New Zealand’s Trade Minister Todd McClay discussed ways to enhance co-operation and economic relations between the two countries, especially in renewable energy, agriculture, food and innovation fields. A special trade delegation from New Zealand was accompanying McClay. The meeting was attended by senior officials including Mohammed …
Read More »
Dubai /Â WAM Crown Prince of Dubai and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued Executive Council Resolution No. (49) of 2016, regarding the regulation of pay-by-the-hour car rental activity in Dubai. The resolution aims to provide alternative low-cost public transportation solutions that meet the needs of people in Dubai. As …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.