Saturday 27 August 2016

Economists see ride-hailing industry as ripe for competition

Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced


Coastal land expands as construction outpaces sea erosion

The Earth has gained coastal land equivalent to the size of Jamaica in the past 30 years with man-made construction outpacing erosion caused by rising sea levels, mapping data showed on Thursday. Expansion of ports off China, construction of luxury resorts off Dubai or land recla


Mena conflicts threaten two decades of health gains

The Arab Spring uprising and subsequent conflicts in the Middle East and North Africa have lowered life expectancy in countries such as Syria, Yemen, Tunisia and Egypt, jeopardizing two decades of health gains, experts said on Wednesday. Between 2010 and 2013, Yemen, Tunisia and


The age of the aircraft carrier may be over

The United States has more aircraft carriers than any other country - depending on how you define "aircraft carrier," it's 10 times as many. Russia, a major naval power with large submarine corps and many other surface ships, has one carrier. It's from the Sovie


Arab SMEs getting a lift from social media

Popular social media channels such as Facebook, YouTube, WhatsApp and LinkedIn are becoming major business enablers for small and medium enterprises (SMEs) in the Arab World. This is among the major findings of a report titled ‘Social Media as a Business Tool for SMEs in th


Coming - edible food packaging

Scientists are developing an edible form of packaging which they hope will preserve food more effectively and more sustainably than plastic film, helping to cut both food and plastic waste. The packaging film is made of a milk protein called casein, scientists from the US Departm


Men more attached to their phones compared to women

Women can stay away from their phones for twice as long as men; however, neither can go one minute without checking their phones, according to new research. If you’re waiting for a friend, a colleague or even a doctor’s appointment, how long do you think it takes befo


Dubai: A tale in three markets

An analysis of the relationship between the Dubai real estate market, financial markets, and global oil price reveals certain trends are underway, according to Redin, leading real estate information company focusing on emerging markets. Historically there has been a low correlati


Rental returns stay strong in Dubai, Abu Dhabi

Dubai and Abu Dhabi, the UAE's leading property markets, continue to be safe havens for global realty investors despite a downward trend in prices, says a report. Though rents have seen periodic adjustments, the UAE’s unique selling propositions such as a highly smart,


Saudi Arabia shows its ability to move oil markets

Saudi Arabia demonstrated its ability to move oil markets last week with Brent crossing $50 following comments by Oil Minister Khalid Al-Falih that the kingdom was "ready to take action", said a leading analyst. Following the Brexit vote on June 23, oil dropped more tha

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