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Dubai Foundation, WeRobotics partner on ‘robotics solutions’

  Dubai / Emirates Business Dubai Future Foundation announced the collaboration with WeRobotics to accelerate the transfer of appropriate robotics solutions to scale the impact of aid, development and environmental projects in developing countries. To do this, WeRobotics is co-creating a global network of local innovation labs “Flying Labs” where local partners are trained to use robotics solutions safely, responsibly ...

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Emaar records AED2.475bn H1 profit

  Dubai / Emirates Business Global developer Emaar Properties recorded a robust increase of 12 percent in net profit to AED 2.475 billion (US$ 674 million) in the first six months (January to June) of 2016, compared to the net profit of AED 2.205 billion (US$ 600 million) during the same period last year. The half-year 2016 revenue is AED ...

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China’s N-ambitions in troubled waters

  AP China’s ambitions to become a pioneer in nuclear energy are sailing into troubled waters. Two state-owned companies plan to develop floating nuclear reactors, a technology engineers have been considering since the 1970s for use by oil rigs or island communities. Beijing is racing Russia, which started developing its own in 2007, to get a unit into commercial operation. ...

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Chinese investors buy Caesars’ games unit for $4.4bn

  Bloomberg Investors led by Chinese online games developer Shanghai Giant Network Technology Co. agreed to buy Caesars Entertainment Corp.’s online casino-style games unit Playtika Ltd. for $4.4 billion in cash, even as gambling remains illegal in the Asian country. The consortium includes Yunfeng Capital, the private equity company founded by Alibaba Group Holding Ltd. Chairman Jack Ma, China Oceanwide ...

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Spaniards chased away by crisis attempt return home

  Madrid / AFP Luis Lag is one of thousands of Spaniards who went abroad during the crisis. This “very good decision” allowed him to find a better job when he eventually came back. But many others who left their country in search of work are still unable to return home due to Spain’s sky-high unemployment. Before leaving in 2011, Lag ...

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Wireless carrierAmerica Movil falls to 7-year low as Mexico woes continue

  Bloomberg America Movil SAB, the Latin American wireless carrier controlled by billionaire Carlos Slim, sank to a seven-year low after reporting disappointing profit with its Mexican unit under siege from competitors and regulators. Earnings before interest, taxes, depreciation and amortization fell 11 percent from a year earlier to 61 billion pesos ($3.23 billion), the Mexico City-based company said Thursday ...

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Tensions as tens of thousands rally for Erdogan in Germany

  Cologne / AFP Tens of thousands of supporters of Turkish President Recep Tayyip Erdogan rallied in the German city of Cologne on Sunday as tensions over Turkey’s failed coup put authorities on edge. Waving the Turkish flag and chanting “Turkey”, the demonstrators turned the rally site next to the River Rhine into a sea of red as they began ...

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UAE construction sector afloat

Dubai / Emirates Business An increase in soil testing frequency is pointing to a buoyant construction sector in the UAE, according to the top official of Geoscience Testing Laboratory (GTL), a subsidiary of Prime, the region’s leading quality and compliance solutions provider. The Chief Executive Officer of GTL, Mary Jane Alvero Al Mahdi said, “There is an increase in frequency ...

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Corporations must play vital role in improving road safety, says expert

  Dubai / Emirates Business The ambitious targets of the UAE government’s ‘UAE Vision 2021’ with regards to road fatalities demand the support of the entire nation and UAE’s corporations must play a vital role in achieving those targets. In this context, more corporations are rising to the challenge, becoming ever more aware of their critical role. Thought-leading corporations and ...

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Dubai set to become top global hub for 3D printing

  Dubai / WAM Dubai’s active initiatives towards encouraging 3D printing are set to make it the world’s leading destination in this additive manufacturing technology, a leading 3D printing expert has said. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, recently launched the ‘Dubai 3D Printing Strategy’, a unique global initiative ...

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