August, 2016

• 1 August

  Glaxo, Alphabet to make bio-electronic medicines

  

    Bloomberg GlaxoSmithKline Plc, the UK’s biggest drugmaker, is forming a joint venture with Google parent Alphabet Inc.’s life-sciences business to explore using electrical signals to treat diseases. Glaxo will hold a 55 percent stake in the venture, called Galvani Bioelectronics, and Alphabet’s Verily Life Sciences LLC will hold 45 percent, according to a statement on Monday. The companies will ...

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• 1 August

  The VCR bows out in 2016

  

    Relaxnews Funai Electric Company, the last remaining Japanese manufacturer of VCR devices — sold under various brand names, such as Sanyo in North America — has announced an end to production this summer. The manufacturer reported sales of 750,0000 video recorders worldwide in 2015. This latest nail in the coffin for the VCR spells the end of a technological ...

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• 1 August

  Trawlers hit fishermen hard

  

    DPA The day doesn’t start too badly for fisherman Celmo Mantovani. His patch, the Copacabana, is at its best at 5.30 in the morning, the rising sun streaks the sky with red and gold, and the Sugarloaf mountain rears up black against it. Mantovani and a couple of colleagues push their 23-year-old boat, the El Shaday, into the water ...

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• 1 August

  Passion for the classics

  

    AFP Thomas Kurz strokes the hood of his Plymouth Road Runner almost affectionately with a cloth. “It’s a 1970 model,” he says, alluding to the fact that this highly polished muscle-car with 335 horsepower under the hood is exactly as old as its owner. Kurz is a trained vehicle mechanic who specializes in US classics. Late last year, he ...

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July, 2016

• 31 July

  Abu Dhabi’s support of Solar Impulse a positive message about success of partnership, says Jaber

    ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State of the UAE and Chairman of Abu Dhabi’s Masdar, has stressed that Abu Dhabi’s support of the first solar-powered flight around the globe by Solar Impulse 2 (Si2), a cooperative venture between the UAE and Switzerland, sends a positive message about the success of partnership ...

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• 31 July

  Dubai South issues AED 300mn infra contract to Tristar

    DUBAI / WAM Master developer Dubai South awarded a contract worth AED300 million for infrastructure works at its flagship Residential District. Central to the contract, which was awarded to Tristar Engineering & Construction LLC, is the delivery of the completed infrastructure works of Phase 1 and 2 of the Residential District in Dubai South by Q4 2017. The contract ...

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• 31 July

  Aramex bucks slide in Gulf stocks in record winning streak

    Bloomberg Aramex PJSC advanced for an 11th day as stock markets across the Gulf languished amid lower-than-normal trading volumes. The Dubai-based logistics company extended its longest rising streak since it began trading more than a decade ago, climbing 2.8 percent as of 11:43 am. local time to the highest level since 2006. Every major equity index across the six-nation ...

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• 31 July

  UAE ranks 8th worldwide in UN’s e-smart services index

  

    ABU DHABI / WAM The UAE moved up four places in its position in the e-smart services index of the E-Government Development Index (EGDI), issued by the United Nations Department of Economics and Social Affairs (UNDESA) ranking in joint 8th place globally with the Republic of Estonia. The EGDI is an important component in the overall index used to ...

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• 31 July

  du offers AED594.3 million dividends at 13 fils per share

  

    Dubai / WAM The Emirates Integrated Telecommunications Company, known as du, has said it plans to distribute AED594.3 million of interim dividends to its shareholders for the first half of 2016 at 13 fils per share, subject to approval at the General Meeting in September 2016. In its published financial results for the second quarter of 2016, du delivered AED ...

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• 31 July

  TDIC awards enabling works contract for Saadiyat Lagoons

  

    ABU DHABI / WAM The Tourism Development and Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Sunday that it has awarded the enabling works contract for Phase 1 of the Saadiyat Lagoons District to the Western Bainoona Group for General Contracting. The six-month contract covers ground improvements in addition ...

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