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Emirates Business GE Oil & Gas (NYSE: GE) has completed the first six high-efficiency gas compression trains manufactured in Saudi Arabia, which will be provided for Phase I of Saudi Aramco’s Master Gas System expansion project in the Kingdom. These six compression trains, which have been fully manufactured locally at the GE Manufacturing & Technology Center (GEMTEC) in Dammam, are ...

AFP World oil prices nudged higher on Tuesday as OPEC producers met to discuss a possible freeze to crude output levels in a bid to tackle a supply glut. Around 1300 GMT, US benchmark West Texas Intermediate for delivery in April was up one cent at $33.40 a barrel. Brent North Sea crude for April rose 18 cents to $34.87 ...

London / AFP The bosses of more than a third of Britain’s top companies on Tuesday urged voters to keep the country in the European Union, warning that an exit from the bloc would threaten jobs. Some 198 business leaders including Roger Carr, chairman of BAE Systems, BP CEO Bob Dudley and Ron Dennis, chief of F1 team McLaren, wrote ...

Zurich Switzerland-based reinsurance giant Swiss Re said on Tuesday its chief executive was retiring, and posted a 31-percent hike in net profit in 2015 as the costs linked to natural disasters slid. Swiss Re said its chief executive Michel Lies, 62, was set to retire after 35 years in the company and would be replaced on July 1 by the ...

Frankfurt Clouds loomed over the German economy on Tuesday as business confidence in Europe’s economic powerhouse fell to its lowest level in over a year. According to the closely-watched business climate index calculated every month by the Ifo economic institute, business sentiment slumped to its lowest level since December 2014 in February. The index fell to 105.7 points in the ...

Barcelona The European Union said on Tuesday it will launch an action plan to develop 5G mobile networks which will massively speed up Internet connections, in an effort to avoid falling behind other regions. “The Commission will work together with the industry to prepare a coordinated 5G action plan for the Europe,” EU Digital Commissioner Gunther Oettinger said at the ...

Barcelona / AFP Connecting your smartphone to the web with just a lamp — that is the promise of Li-Fi, featuring Internet access 100 times faster than Wi-Fi with revolutionary wireless technology. French start-up Oledcomm demonstrated the technology at the Mobile World Congress, the world’s biggest mobile fair, in Barcelona. As soon as a smartphone was placed under an office ...

The Indonesian government is to issue the details of a new regulation that will allow foreign investors to hold 100 per cent ownership of geothermal power plants with a capacity of 10 MW or more. For plants with a capacity of less than 10 MW, foreign investment will be capped at 67 per cent. While it represents Indonesia’s efforts to ...

In recent years, the “Occupy” movements and “Arab Spring” came to symbolize popular actions for social change across the world. In Southeast Asia, the massive gathering of citizens against an unjust political order is more widely known as an expression and legacy of “People Power.” The idea of People Power became a potent political force when it led to the ...

Tom Pu-chih Hsieh Le Cordon Bleu and Taiwan’s National Kaohsiung University of Hospitality and Tourism (NKUHT) have been trying to set up a branch of the famous French cooking school in Taiwan since 2011. However, due to protectionism sentiment and bureaucracy on the island, the French chefs cannot show Taiwanese students how to cook and instead can only teach the ...