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Bloomberg Saudi Telecom Co. is exploring options for its indirect stake in billionaire T. Ananda Krishnan’s Maxis Bhd., the second-largest Malaysian wireless carrier by market value, people with knowledge of the matter said. The Gulf kingdom’s biggest telecommunications operator is gauging interest in its 25 percent holding in Binariang GSM Sdn., which is the controlling shareholder of Maxis, according ...
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September, 2016
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19 September
Saudi Aramco plans maintenance at two refineries in Nov-Dec
Bloomberg Saudi Aramco plans to shut two refineries towards the end of this year for scheduled maintenance, four sources close to the matter said, which could free up more of the state oil company’s crude for export. Saudi Aramco has scheduled maintenance at its refinery in Yanbu and its largest refinery in Ras Tanura in November and December, the ...
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19 September
Samsung battery crisis began with rush to beat iPhone
Bloomberg Few things motivate Samsung employees like the opportunity to take advantage of weakness at Apple Inc. Earlier this year, managers at the South Korean company began hearing the next iPhone wouldn’t have any eye-popping innovations. The device would look just like the previous two models too. It sounded like a potential opening for Samsung to leap ahead. So ...
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19 September
DiCaprio unveils free technology to spy on global fishing
Relaxnews American movie star Leonardo DiCaprio recently unveiled a new, free technology that allows users to spy on global fishing practices, in a bid to curb illegal activity in the oceans. The technology, known as Global Fishing Watch, was officially released to the public during the Our Oceans Conference hosted by US Secretary of State John Kerry in Washington ...
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19 September
New PlayStation models change the lifecycle of gaming consoles
Bloomberg Sony Corp. recently released two new versions of its PlayStation 4 gaming consoles: the PS4 Pro, a powerful device designed to run virtual reality games and display high-quality video, and a slimmer, more efficient version of the PS4, an incremental improvement on the original, which was first released in November 2013. The PS4 Pro will go on sale ...
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18 September
ADX market capitalisation records AED30bn increase
ABU DHABI/ WAM Market capitalisation of the Abu Dhabi Securities Exchange (ADX) reached AED441 billion during the first eight months of 2016, registering an increase of AED30 billion in the market value of shares of listed companies. Rashid Al Baloushi, CEO of ADX, noted that the increase in market capitalisation is a result of the positive performance of its listed ...
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18 September
UAE’s first VLCC berth to be inaugurated in Fujairah
FUJAIRAH / WAM The UAE’s first berth for very large crude carriers (VLCC) will be inaugurated in the Indian Ocean sea port of Fujairah on Wednesday, September 21, by H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah. Fujairah’s oil terminal, considered the world’s largest bunkering facility in terms of operational capacity, is set ...
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18 September
Economy Minister honours Mawarid Finance for supporting Emiratis
DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has recognised the Mawarid Finance Group of Companies for supporting the emiratisation of jobs in auditing, financial services and financial management, with a focus on hiring Emirati women. The honour recognises an initiative of the Accountants and Auditors Association’s financial services committee to determine the number of Emiratis ...
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18 September
‘Science, arts key pillars of progress’
Abu Dhabi / WAM Science and arts are key pillars of development, and education should pay attention to them through the adoption of best international practices, H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, has noted. “If technology contributes to push the development wheel forward, arts – including music – serve as a mirror ...
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18 September
VP issues new law to replace Dubai Transport Corporation with Dubai Taxi Corporation
Dubai /Â WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. (9) of 2016 replacing Dubai Transport Corporation with Dubai Taxi Corporation. Dubai Crown Prince and Chairman of Dubai Executive Council H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has ...
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