Friday 22 August 2014

Amid US air strikes, Iraq struggles to build own air force

President Barack Obama told a recent interviewer he did not want the US military to become Iraq's air force. But he may have little choice. Iraq had only a fledgling air force when the United States withdrew in 2011. Washington has agreed to bolster Iraqi air power by selling


ABB unveils new cable that doubles power flow

Swiss engineering group ABB has developed technology that can double the power flow of underground cables, making it cheaper to integrate electricity into the grid from distant offshore wind farms. The innovation means a single high-voltage direct current (DC) cable can now trans


Saudi oil output ‘can’t fill in for major losses’

The world is currently trailing four million barrels per day (bpd) in terms of oil supply disruptions, and with 2.4 million bpd in untested spare capacity, Saudi Arabia may not be able to accommodate the loss of Southern Iraq or another major conflict, a report said. Fluctuations


US spending millions in Iraq to destroy its own arms

The US Air Force has resumed bombing missions in what's still being called Iraq - at least for the sake of convenience. The aim of the missions is stated as being the defence of a minority group known as the Yazidis, who practice a religion unique to themselves and are under threat


Changing tides of time

While Middle Eastern investment banks and sovereign wealth funds have bought up shares in luxury brands such Louis Vuitton, Valentino and Versace, others are approaching regional investors to offer stakes. Italian fashion designer Roberto Cavalli was rumoured to have approached B


Africa’s middle class on track for bigger growth

Africa has experienced substantial growth in its middle class over the past 14 years, a report said, forecasting greater scope for future growth. The report, entitled ‘Understanding Africa’s middle class,’ by Standard Bank, the largest African bank by assets and


Damascus world’s least liveable city, Melbourne best: study

Damascus has the worst living conditions among all the cities in the world, said The Economist Intelligence Unit’s latest liveability survey, which ranked Melbourne as the most liveable city for the fourth year in a row. The liveability score of Damascus in Syria has contin


Apps put fitness fans through short, sharp workouts

Fitness buffs who can't make it to the gym but still want to exercise can turn to apps for a short, intense workout when they are pressed for time. The US Centers for Disease Control recommend that adults do at least 150 minutes of moderate aerobic activity weekly. But recent


Petroleum producers ‘shift attention from Mideast’

Following four decades of war, sanctions, nationalisation and unrest, oil and gas producers are gradually adjusting to rely less on the Middle East. The countries around the Gulf and on the Arabian Peninsula still contain the greatest concentration of giant and super-giant fields


Gap seen between social progress and GDP in Mena

Many resource-rich countries in the region do not perform as well on social and environmental indicators when compared to countries of similar per capital wealth which are not dependent on natural resources, said an expert. “Saudi Arabia, the UAE, Kuwait, Iraq, Iran, Russia

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