September, 2016

• 29 September

  du wins MoE award for tapping Emirati talent

  

    DUBAI / Emirates Business The Ministry of Economy recognised du as a pioneer in training and qualifying Emirati nationals in the profession, either for employees or the community with an award for The Emiratis in the Accounting, Auditing and Financial Management professions. du representatives, Amer Kazim, Chief Financial Officer, and Mohamad AlSaabri, Senior Director for National Development, received the ...

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• 29 September

  Iraq’s OPEC revolt shows Saudi-Iran oil deal fragility

  

    ALGIERS / Reuters For years, debates in the OPEC conference room were dominated by clashes between top producer Saudi Arabia and arch-rival Iran. But as the two managed to find a rare compromise on Wednesday— with Riyadh softening its stance towards Tehran— a third OPEC superpower emerged. Iraq overtook Iran as the group’s second-largest producer several years ago but ...

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• 29 September

  Oil holds near $47 after OPEC agrees first output cut in 8 years

  Bloomberg Oil held near $47 a barrel after advancing the most since April as OPEC agreed to reduce production for the first time in eight years, surprising traders who had expected members to maintain output. Futures slipped 0.5 percent in New York after surging 5.3 percent Wednesday. The Organization of Petroleum Exporting Countries agreed to cut production to a range ...

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• 29 September

  OPEC deal lifts more than oil, drives gains across commodities

  

    Bloomberg OPEC’s surprise deal to reduce crude production isn’t only supporting oil prices, it’s helping drive gains across commodities and the companies that produce them. The Bloomberg Commodity Index, a measure of returns from 22 raw materials, extended gains after the biggest jump in almost three weeks on Wednesday, when OPEC agreed to cut output for the first time ...

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• 29 September

  Mena Angel Investor Summit to be held in Bahrain

  

    Manama / Emirates Business Tenmou, Bahrain’s first ‘Business Angels’ organisation, in strategic partnership with the Economic Development Board (EDB) is preparing to host the third Middle East North Africa (MENA) Angel Investors Summit at the Ritz Carlton Hotel , Bahrain on November 22-23. More than 40 start-ups are expected to attend the event. The Summit aims to provide a ...

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• 29 September

  Peugeot targets 150,000 vehicle sales in Iran in second half

  

    PARIS / Reuters PSA Peugeot Citroen said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country. Peugeot, the biggest-selling European automaker in pre-sanctions Iran, suspended sales in 2012 when an international boycott due to ...

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• 29 September

  Amazon’s plan to infiltrate homes this season

  

    Bloomberg The race is on to get more consumers hooked on Amazon ahead of the holidays, and music is the latest lure. Amazon.com Inc. is working on a stand-alone music-streaming service and will release more details in the coming weeks, according to a person with knowledge of the matter. With a price tag reported to be about $5 a ...

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• 29 September

  Automakers show off electrics at Paris show

  

    AFP Global automakers are showing off new electric vehicles at the Paris auto show as they look ahead to a world of tighter environmental standards on emissions. Volkswagen on Thursday displayed the I.D, a battery-powered compact it says will sell for about what a fully equipped Golf diesel does when a production version eventually goes on the market in ...

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• 29 September

  Developers face challenges capturing wave energy

    AFP Although wave-generated power could meet a quarter of America’s energy needs, the technology lags other renewables such as wind and solar. But the U.S. Navy has established a test site in Hawaii, where power from floating devices travels a mile through undersea cables to Oahu’s power grid — the first wave-induced electricity online in the US. Some things ...

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• 29 September

  Gamer leaves Sony behind to bring eye-tracking to VR

  

    Bloomberg Virtual reality is on the cusp of becoming mainstream, but one startup in Japan is betting the technology won’t really succeed unless it cracks one critical piece of the puzzle: human eyeballs. Fove Inc. is introducing the world’s first commercially available VR goggles equipped with tiny infrared cameras to follow eye movements. By tracking human irises, the gadget ...

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