October, 2016

• 13 October

  EY MENA to offer new growth solutions model

    Dubai / Emirates Business EY MENA announces the launch of EY Growth Solutions — a new business model of innovative on-demand solutions, offering companies access to subscription services with inbuilt flexibility, standardization and competitive pricing. Gerard Gallagher, MENA Advisory Leader, EY, says: “Companies in the region are impacted by new taxes like VAT, digital innovations and changing customer demand. ...

  Read More »
• 13 October

  Alfred Basbous’ masterpieces on display at expo in Dubai

  

    Dubai / Emirates Business In collaboration with Artspace Dubai, The Alfred Basbous Foundation inaugurated on Thursday its fourth exhibition in Dubai. “Figurative to abstraction”, a two part exhibition of selected studies, drawings and works of the late renowned artist will stay on view until November 10, and the second part taking place on November 23, until January of next ...

  Read More »
• 13 October

  Egypt ‘gets’ $2bn Saudi deposit in IMF deal boost

  

    Bloomberg Egypt has received a $2 billion deposit from Saudi Arabia, an Egyptian central bank official said, bringing it closer to securing a $12 billion loan from the International Monetary Fund. The official, who asked not to be identified because the information isn’t yet public yet, didn’t specify when Egypt received the funds. Net foreign reserves rose by $3 ...

  Read More »
• 13 October

  Saudi Arabia tenders to buy 595,000 tonnes of hard wheat

    Bloomberg Saudi Arabia’s main state grain buyer SAGO said on Thursday it was seeking to purchase 595,000 tonnes of hard wheat from global suppliers in an international tender. The deadline for submitting offers was 2359 Saudi time (2059 GMT) on Oct. 14, with the wheat due to be shipped between Dec. 1, 2016 and Jan. 30, 2017, it said. ...

  Read More »
• 13 October

  OPEC-Russia roadshow heads to Vienna for oil-cuts talks

  

    Bloomberg OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences over sharing the burden of cuts. Russia is ready to participate in a “technical exchange” to set a road map for oil production levels in the Austrian capital ...

  Read More »
• 13 October

  Libya oil output to hit 3-year high by Dec

    Bloomberg Libya’s oil production is set to reach a three-year high by December as fields restart and ports reopen after five years of armed conflict crippled sales. Output is now 540,000 barrels a day and will reach 900,000 barrels by the end of the year, Libya’s National Oil Corp. Chairman Mustafa Sanalla said Wednesday in Istanbul. That would be ...

  Read More »
• 13 October

  Turkey, Israel to examine building gas pipeline

    Istanbul / AFP Israel and Turkey on Thursday agreed to open discussions on building a gas pipeline to pump Israeli gas to Europe, as the Israeli energy minister made the first ministerial visit since a crisis in ties. Israeli Energy Minister Yuval Steinitz met his Turkish counterpart Berat Albayrak in Istanbul, the highest level official meeting since the two ...

  Read More »
• 13 October

  Now, let robots organize your photos and videos

  

    NEW YORK / AP If you’re like many people, you have thousands of photos on your phone, long forgotten after you’ve posted a few on Instagram or Facebook. They don’t have to stay forgotten. Apple and Google are both applying a form of artificial intelligence called “machine learning” to organize your pictures and video — and along the way, ...

  Read More »
• 13 October

  Samsung integrates steam gaming gadget into TVs

  

    Relaxnews Television manufacturer Samsung is to partner with PC gaming giant Valve to integrate its Steam Link game streaming device into future TV sets. Announced during the Steam Dev Days developer event in Seattle, the partnership means that in future, owners of new Samsung TVs will be able to stream video games and other content to their televisoin set ...

  Read More »
• 13 October

  The search for virtual reality’s killer app

  

    Bloomberg Sony Corp.’s release of the PlayStation VR on Thursday brings virtual reality to the cusp of mainstream adoption. To make it a must-have home entertainment device, the gadget will need a breakaway hit like Angry Birds or Pokemon Go. A list of the challenges faced by virtual-reality developers offers hints of what a killer VR app or game ...

  Read More »