Business

DEWA, Stanford University collaborate for solar energy R&D

DEWA, Stanford University collaborate for solar energy R&D

07 Aug 2019

WAM – The Dubai Electricity and Water Authority, DEWA, announced its cooperation with Stanford University in numerous research and development fields involving researchers at its Research and Development Centre through its membership in the university’s 'Energy 3.0 Programme'.

The fields of research include radiation cooling to improve the efficiency and performance of solar panels, utilisation of autonomous robots in monitoring and maintaining solar power plants, and the use of... Read More

World's richest lose $117 billion in one-day market meltdown

World's richest lose $117 billion in one-day market meltdown

07 Aug 2019

Bloomberg – Twenty-one members of the Bloomberg Billionaires Index lost $1 billion or more as investors reacted to stepped-up tensions between the U.S. and China. Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion as shares of the online retailer tumbled. But he’s still the richest person on the planet with $110 billion.

Among others with steep losses were Bernard Arnault, who lost $3.2 billion; Mark Zuckerberg, down $2.8 billion; Mukesh Ambani, who dropped $2... Read More

Abu Dhabi's hotel guest numbers reach 1.2 million in Q2 2019

Abu Dhabi's hotel guest numbers reach 1.2 million in Q2 2019

06 Aug 2019

Abu Dhabi’s hotels have posted remarkable year-on-year growth in the 2nd Quarter of 2019, with hotel guest numbers reaching a record 1.2 million for the April to June period, a 6.8% increase from the same period in 2018.

The latest report from the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) also shows that total hotel revenues for the 2nd Quarter were up to AED 1.2 billion, a rise of 3.7% from the previous year.

Year-to-Date (YTD) metrics for 2019 also show... Read More

Emirati food on ISS for the first time in history

Emirati food on ISS for the first time in history

06 Aug 2019

(WAM) -- The Mohammed bin Rashid Space Centre, MBRSC, has announced that Hazzaa AlMansoori, the UAE’s first astronaut to travel to the International Space Station, ISS, on 25th September, will host a traditional Emirati food night at the station.

AlMansoori will be dressed in the traditional Emirati clothes, and will offer his fellow astronauts three Emirati foods - 'madrooba', 'saloona', and 'balaleet'. The event will be the first of its kind, and for the first time they would taste... Read More

Ahmed Seddiqi & Sons announces the participation of Rolex at Dubai Watch Week

Ahmed Seddiqi & Sons announces the participation of Rolex at Dubai Watch Week

06 Aug 2019

Building on a long-standing partnership with Rolex, Ahmed Seddiqi & Sons is pleased to announce the brand’s participation at Dubai Watch Week, set to take place from 20 to 24 November 2019

This is the first time that Rolex will participate at a watchmaking event in the Middle East, with a dedicated exhibition exploring the universe of the Oyster Perpetual Submariner. Through panels and interactive displays, the Submariner exhibition tells the story of how the celebrated divers’... Read More

9 killed in Dayton, Ohio, in second U.S. mass shooting in 24 hours

9 killed in Dayton, Ohio, in second U.S. mass shooting in 24 hours

05 Aug 2019

(CNN) – The gunman's sister was one of nine people killed in a shooting early Sunday in downtown Dayton, Ohio, police said.

At least 27 others were injured when Connor Betts, 24, fired an assault rifle in a popular nightlife district about 1 a.m., authorities said.

Betts fired for less than a minute from a ".223 high-capacity" gun, and he had additional magazines with him, Mayor Nan Whaley said. The .223 caliber is used in rifles like the AR-15 assault rifle used in previous... Read More

Prince Charles invited to star in new James Bond film during visit to set

Prince Charles invited to star in new James Bond film during visit to set

05 Aug 2019

The Sun – The heir to the throne was asked if he would take a cameo role when he visited the film set just a few weeks ago and met 007 star Daniel Craig.

Charles, 70, would follow in the foosteps of his mother The Queen, now 93, who played a starring role in Danny Boyle’s homage to the movie for the opening ceremony of the 2012 Olympics in London.

This saw Bond, played by Craig, heading to Buckingham Palace to collect her Majesty.

They then took a helicopter to the... Read More

President pardons 669 inmates ahead of Eid Al Adha

President pardons 669 inmates ahead of Eid Al Adha

05 Aug 2019

WAM -- President His Highness Sheikh Khalifa bin Zayed Al Nahyan has ordered the release of 669 prisoners - serving various sentences - on the occasion of Eid Al Adha.

Sheikh Khalifa has also pledged to settle the financial obligations of the released prisoners.

The gesture is part of President Khalifa's keenness to provide prisoners with an opportunity to start a new life and alleviate their families hardships.

Read More
Campari sells ‘most expensive home on Earth’ at 43% discount

Campari sells ‘most expensive home on Earth’ at 43% discount

04 Aug 2019

Davide Campari-Milano SpA reached a preliminary agreement to sell the historic Villa Les Cedres on the French Riviera for 200 million euros ($221 million) to an unspecified buyer for private use.

The villa was among the assets that the Italian distiller acquired with its 2016 purchase of Grand Marnier Group. The transaction is expected to close at the end of October, though there are conditions, including the departure from the house of one member of the family that controlled Grand... Read More

Up to 20 feared dead in rampage at Texas shopping mall

Up to 20 feared dead in rampage at Texas shopping mall

04 Aug 2019

Up to 20 people have been killed after a shooting at a mall in Texas.

Officials in the city of El Paso said multiple people had been killed and many injured after the incident at the Cielo Vista Mall. Police said one suspect – a man – had been detained, after earlier reports said up to three had been seized. 

Police urged people to stay away from the scene as armed officials conducted a complete search, but said the incident was no longer “active”.

“Right now we’re... Read More

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