Thursday 23 March 2017

Gates stays richest; number of billionaires jumps

Microsoft founder Bill Gates is the richest in the world for the fourth year in a row, according to the latest Forbes billionaires list. Gates has a fortune of $86 billion, up from $75 billion last year. The number of billionaires jumped 13 per cent to 2,043 in 2017 from 1,810 la


Renewable energy costs on ‘rapid decline’

Wind and solar PV technologies have seen rapid cost reductions and can now provide electricity at or below the cost of traditional sources in a growing number of countries, the International Energy Agency (IEA) said in a new report. This makes them more appealing for countries se


Global CO2 emissions flat for third straight year

Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signalling a continuing decoupling of emissions and economic activity. This was the result of growing renewabl


Bosch teaches cars how to learn and take action

Bosch, the supplier of technology and services, presented an onboard computer for automated vehicles at the international Bosch ConnectedWorld 2017 conference in Berlin. Thanks to artificial intelligence (AI), the computer can apply machine learning methods. The AI onboard comput


Oil market likely to slide into deficit in H1: IEA

If Opec maintains its current production levels to June when the Vienna output deal expires, there will be a market deficit of 0.5 million barrels per day (bpd) for the first half of 2017, assuming, of course, nothing changes elsewhere in supply and demand, said an International Energy Agency (


'Privatising airports will drive growth'

As passenger volumes continue to grow and airlines worldwide expand their fleets, airport infrastructure is fast becoming a growth bottleneck. Privatisation has an important role to play in eliminating this barrier to growth, according to Oliver Wyman’s ‘Leveraging th


Six trends changing the GCC mobile landscape

Mobile phones have evolved considerably over the past two decades from being just simple communication devices to becoming the most innovative compact entertainment systems empowering people to view content on demand whilst having the ability to share their most intimate moments all from the pa


GCC hiring activity stable, to pick up in H1

A recent survey conducted among 176 recruiters showed only 49 per cent of the recruiters expected new jobs to be created this year, a slight drop from the 51 per cent of recruiters who predicted the creation of new jobs six months ago. This is because hiring activity in the GCC r

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