July, 2016

• 17 July

  SpaceX to launch key ‘parking spot’ to space station

  

    Miami / AFP SpaceX is poised to launch its unmanned Dragon cargo capsule to the International Space Station on Monday, carrying a key piece of equipment that was lost last year in a rocket explosion. The international docking adapter will function as a parking spot for space taxis, enabling commercial spaceships carrying astronauts to latch on securely to the orbiting ...

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• 17 July

  US economy looks resilient as retailers, industry surge

  

    Washington / AP Americans spent more money at retailers and factories revved up production in June, offering encouraging signs of the US economy’s resilience in the face of global headwinds. Industrial production shot up 0.6 percent, fuelled by a big rebound in auto output. It was the best showing since last August. Meanwhile, retail sales also rose 0.6 percent last ...

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• 17 July

  Chicago airport plans more amenities

    CHICAGO / AP Chicago is planning a multibillion dollar effort to expand the city’s O’Hare International Airport that includes more gates, larger terminals and upgraded amenities. Mayor Rahm Emanuel announced the latest modernisation plans this week. They include new gates in O’Hare’s international terminal, which has not been expanded since it opened 23 years ago. The planning process is expected ...

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• 17 July

  Casino revenue advances at top pace in Brazil

  Bloomberg Casino Guichard-Perrachon SA, the French grocery retailer targeted by short seller Carson Block, reported second-quarter revenue that beat analysts’ estimates as Brazilian shoppers switched to its cheaper Assai cash & carry stores. Sales totalled 9.97 billion euros ($11 billion), rising 3.8 percent on an organic basis, the fastest pace in two years, Saint-Etienne-based Casino said in a statement. Analysts ...

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• 17 July

  Welcome to the elegant atelier

  

    SUNAINA RANA / Emirates Business As Fashion industry is evolving in the region, the spectrum of gorgeous has been witnessed reaching another level. The brand Nabrman, which was established in 2008, has already emerged as one of the most desired Abaya brands in the region, with an ever increasing following of trendy and stylish women. Nabrman is largely influenced by ...

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• 17 July

  Wow! Your friend with your trendy vacation selfies

  

    Our Correspondent / Emirates Business Summer has arrived and the vacation season beckons. Before we know it, millions of holidaymakers from the GCC region will be travelling the across the world, clicking countless holiday photographs with family and friends. However, few holiday photos are classics — and for good reason. When having fun with the family, many don’t want ...

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• 17 July

  Saudi among ‘top movers’ in ICT

  

    Jeddah / TNS The Kingdom ranked 33rd among 139 countries in the technology sector to be classified by the World Economic Forum as “top movers” in the field of information and communication technology. The Kingdom is trying to enter the club of top seven in the ICT world. The Ministry of Telecommunication and Information Technology said in a statement recently ...

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• 17 July

  Saudi’s National Commercial Bank Q2 net profit rises 3.2 pct

    REUTERS Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s listed largest lender, reported a 3.2 percent rise in second-quarter net profit on Sunday, at the low end of analysts’ forecasts. The bank made a net profit of 2.44 billion riyals ($665 million) in the three months to June 30, up from 2.36 billion riyals in the same period of ...

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• 17 July

  Saudi shipper Bahri agrees with APICORP launch $1.5 bln VLCCs fund

    REUTERS National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs). The fund will be seeded with $500 million on three occasions, subject to conditions, Bahri said in a bourse statement, ...

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• 17 July

  Protests delay Libyan oil shipments from Hariga

    REUTERS Guards protesting over pay shut the eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said. A unit of Libya’s Petroleum Facilities Guard (PFG) took the action because they said they had not been paid their salaries recently, the Hariga official said. He said the protest had delayed two tankers, one ...

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