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  Frankfurt / AFP Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said on Wednesday. Gross domestic product (GDP) grew by 0.4 percent between April and June, adjusted for seasonal, calendar and price effects — twice as fast as analysts surveyed by Factset predicted. However, the ...

  ABU DHABI / Emirates Business Booz Allen Hamilton, the global consulting and technology firm, has highlighted the most significant threats to Industrial Control Systems (ICS) in 2016 and 2017, and the most effective measures to counter them, in a recent report titled Industrial Cybersecurity Threat Briefing. These systems control and automate significant portions of our connected lives today, and ...

  Emirates Business Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, is set to deliver Phase 3 of its Bloom Gardens master development prior to the scheduled hand-over in Q1, 2017. Consequently, home owners and investors will begin to move into the 147 housing units as early as December, 2016. Bloom Gardens Phase ...

  Bloomberg PetroChina Co., the country’s biggest oil and gas producer, posted its smallest half-year profit since it was publicly listed in 2000 as the crash in oil prices continues to drag on earnings. Net income dropped 98 percent to 531 million yuan ($80 million), the state-run explorer said in a statement to the Hong Kong stock exchange on Wednesday. ...

  Bloomberg GLM Co., a Japanese automaker backed by former Sony Corp. Chief Executive Officer Nobuyuki Idei, said it’s close to winning its first deals to supply customized vehicle frames to companies seeking to produce electric cars. The Kyoto-based automaker is close to signing deals to supply vehicle platforms for about 10 carmakers, including some in China, founder and CEO ...

  Abu Dhabi / WAM With the cost of solar energy plummeting, the World Future Energy Summit 2017 (WFES) will showcase an unprecedented range of financially profitable clean energy solutions, opening up opportunities for green tech companies as the MENA region moves to achieve ambitious sustainability targets. Figures from the International Renewable Energy Agency (IRENA) show that the installed cost of ...

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, on Tuesday announced a comprehensive redevelopment of City Centre Ajman that will see the mall almost double in size, from 29,000 to 52,000 sqm. With an estimated cost of AED 600 million, the expanded City Centre Ajman ...

  Al Ain / Emirates Business The Ministry of Climate Change and Environment and the Al Ain Zoo and Aquarium Public Institution agreed to join forces when it comes to spreading environmental awareness. The agreement came in the form of a Memorandum of Understanding (MoU) signed on Monday between Eng. Aisha Al Abdooli, Director of Environmental Awareness and Education Department ...

  Kiev / AFP Ukraine marks the 25th anniversary of its freedom from Kremlin rule Wednesday with moves to sweep away its totalitarian past and embrace a European future while grappling with its tense relations with Russia. A nation that once served as a geopolitical bridge between Moscow and the West is now the source of a deep and dangerous ...

  Dubai / Emirates Business Consumers across the Middle East would do well to wait until October to make their technology purchases this year given the extraordinary savings they will make at GITEX Shopper 2016. The region’s largest and most anticipated consumer electronics show continues to attract both the world’s top tech brands and the region’s largest power retailers. Taking ...