September, 2016

• 13 September

  Fintech venture targets Hedge funds with big-data research

  

    Bloomberg A Japanese startup is entering the equity-research business in a bid to challenge the dominance of securities firms by using computers to crunch vast troves of information and predict companies’ earnings. Nowcast Inc., a financial-technology venture formed last year out of the University of Tokyo, will begin providing automated earnings estimates of consumer goods makers as soon as ...

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• 13 September

  When tourism takes its toll

  

    DPA The lanes, squares and bridges of Venice are crammed with people — the Italian city’s hotels play host to 10 million people each year, and that’s not including the 14 million day-trippers. But Venice itself only has a population of 260,000 people. Tourists come to experience the beautiful cobble-stoned streets, the waterways plied by gondolas, the romantic light. ...

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• 13 September

  Wheels that mow down stereotypes

  

    AFP Faith Lawson carefully backs a large silver pick-up truck through cones placed on the red soil of a military camp in Ghana’s capital, Accra. As she checks her mirrors and slowly reverses, 14 young women standing in military formation look on. Two months ago, the 24-year-old had never even gripped a steering wheel and was frightened by the ...

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• 8 September

  Britons woo Middle East real estate investment

  

    Dubai / EMIRATES BUSINESS British representation at Cityscape Global this week almost doubled year on year, as developers compete for Middle Eastern investment amid the post-Brexit vote and a period of uncertainty. With the three-day real estate exhibition drawing to close on Thursday, UK developers reported good levels of interest across the board from GCC investors. Underlining the increased ...

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• 8 September

  Caracal signs MoU with S Korean Dong In Optical

    DUBAI / WAM Caracal International, an Abu Dhabi-based arms manufacturing company, has signed a Memorandum of Understanding, MoU, with Dong In Optical (DI Optical) of South Korea to establish close technical cooperation between two manufacturers. Hamad Salem Al Ameri, CEO of Caracal, and Jung In, CEO of DI Optical, signed the agreement during their participation at the DX Korea ...

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• 8 September

  Foreigners buy shares worth AED862.8million on DFM

    DUBAI / WAM Foreign investors purchased AED862.8 million worth of shares on the Dubai Financial Market (DFM) and sold AED880 million over the week, DFM said on Thursday. Net foreign investment on the market reached AED17.2 million as aggregate sale. Value of shares bought by foreigner investors comprised 42 percent of the total value of stocks traded during the ...

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• 8 September

  Dubai Future Accelerators lures international experts

    Dubai / EMIRATES BUSINESS The Dubai Future Accelerators Programme has attracted international experts John Bradford and Paul Smith. Both amassed extensive experience and boast an impeccable track record in managing the biggest business accelerators around the world. Saif Al Aleeli, CEO of Dubai Future Foundation said, “Selecting them to be a part of the team is a testament to ...

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• 8 September

  Petroleum sector must look at new energy landscape

    ABU DHABI / WAM Oil and gas giants are calling for greater industry collaboration and an increased focus on operational efficiency, as global energy leaders prepare to gather in the UAE capital for the upcoming Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016) in November. Established as the world’s most influential exhibition and conference for the oil and ...

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• 8 September

  DEWA takes part in Photovoltaica 2016

    CASABLANCA / WAM Dubai Electricity and Water Authority (DEWA) is participating in the 2nd International Solar Energy Exhibition and Conference, Photovoltaica, which is organised under the patronage of H M King Mohammed VI of Morocco from September 7-9. In his speech at the conference, Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “Today, UAE-Moroccan relations are growing ...

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• 8 September

  UAE and Egypt discuss ways to bring peace, security to region

  

    Cairo / WAM President of the Arab Republic of Egypt, Abdel Fattah El Sisi, received on Thursday at Al-Ittihadiya Palace, HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and his accompanying delegation. During the meeting, they discussed cooperation between the UAE and Egypt, issues of mutual concern, and the latest regional and international developments. ...

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