Business

UAE accounts for 14 per cent of the world's desalinated water

26 Jul 2015

The United Arab Emirates is striving to capture every drop of rain it can wring from the clouds that pass over the desert nation. In the blazing sunshine at Al Ain airport, a twin-propeller Beechcraft stands ready to fly into action at a moment's notice on a cloud-seeding mission. The plane is armed with salt flares that are fired into a promising cloud to increase condensation and hopefully trigger a downpour.

The UAE, an oil-rich federation of about eight million people, ranks among... Read More

Apple has 75 per cent smartwatch market share leaving Samsung behind

26 Jul 2015

Apple Watch should be officially rolled out into retail stores in the UAE by Gitex Shopper, retailers in the country have said.

Apple launched the device in April and immediately started taking preorders. Currently, Apple Watch is officially available for sale in nineteen countries and is set to go on sale in three other markets (New Zealand, Russia and Turkey) by the end of this month. Yet there are no signs about the product rolling out into the UAE or anywhere else in the region.... Read More

UAE's new petrol price formula to be announced shortly

26 Jul 2015

A new petrol price formula to be announced within two days following a government decision to lift fuel subsidies is not ready yet and estimates published by the media are mere speculation, the CEO of Adnoc was quoted on Sunday as saying.

Abdullah Al Dahiri said the new price system for August would be announced on schedule on Tuesday after a decision by the Energy Ministry to deregulate prices following heavy government subsidies over the past decades.

“What has been... Read More

UAE wins bid to host 2020 world swimming championships

23 Jul 2015

In another achievement for the UAE and thanks to the leadership's support, Abu Dhabi has won the rights to host the World Swimming Championships for 2020.

The announcement was made Wednesday in Kazan, Russia in the presence of a UAE delegation headed by Ahmed Al Falasi, Chairman of the UAE Swimming Association.

Abu Dhabi beat competition from Peruvian capital Lima and Almaty in Kazakhstan.

The World Swimming Championships feature 44 races,¬ 22 for men and 22 for women.... Read More

Sharjah was declared the "City of Conservation" of energy

23 Jul 2015

Sharjah city has became the "City of Conservation" of energy, water and gas, according to a declaration by the Sharjah Electricity and Water Authority, SEWA, under the directives of His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, say reports published by UAE dailies.

The Chairman of SEWA, Dr. Rashid Al Leem, while announcing the ambitious decision at a press conference held at the SEWA head office in Sharjah yesterday, said that the... Read More

Masdar launches models to predict climate evolution

23 Jul 2015

The Masdar Institute of Science and Technology, MIST, has developed hydro-climatic models especially designed for the Emirates to allow weather conditions in the country to be predicted accurately, according to a report in the online journal, Nature Middle East.

Written by Louise Sarant, the report quotes Taha Ouarda, MIST's Professor of Water and Environmental Engineering, as saying that the work involved analysing available historical data from the last 80 years to help them make... Read More

UAE partakes in pre-COP21 ministerial-level meeting in Paris

22 Jul 2015

The UAE has participated in a preparatory ministerial-level meeting of the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, COP21, to be held from 30th November to 30th December, 2015, in Paris.

Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State and Special Envoy for Energy and Climate Change, who represented the UAE at the pre-COP21 meeting, told participants that all parties to the convention recognise the climate... Read More

Fuel Prices to be Deregulated with effect from 1 August, 2015

22 Jul 2015

The Ministry of Energy has announced that fuel prices would be deregulated as of 1 August, 2015. A new pricing policy linked to global prices will be adopted. The decision, related to gasoline and diesel, is aimed at supporting the national economy, lowering fuel consumption, protecting the environment and preserving national resources.

His Excellency Suhail Al Mazroui, Minister of Energy, said that in accordance with the new pricing policy that has been ratified by the UAE Cabinet, a... Read More

The Full Moon through the Eye of MBRSC

22 Jul 2015

DubaiSat-2 owned and operated by the Mohammed Bin Rashid Space Centre (MBRSC) captured a clear, high definition photo of the full moon proving the versatility of the satellite design. The full moon image was taken with the roll tilt angle of 0 degree and roll pitch angle of 79.63 degree.

“It is a measure of our achievement at MBRSC that the DubaiSat-2, which was essentially designed to take photographs of the earth from space, captured an image of the full moon. We are increasingly... Read More

Jebel Ali retains a leading position in port productivity

22 Jul 2015

Global marine terminal operator DP World’s flagship, Jebel Ali Port, has demonstrated once again that it delivers by far the world’s best productivity for ships berthed at its docks.

According to the latest JOC Port Productivity data, compiled by industry analysts Journal of Commerce, Jebel Ali recorded a world-leading 131 moves per ship per hour in 2014, up 10 percent from 119 in 2013.

The ranking is based on JOC’s analysis of more than 125,000 port calls in 2014 that placed... Read More

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