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    Concentrated solar power projects to accelerate in the Mena region: BMI report

    Falling costs in the concentrated solar power (CSP) sector is likely to accelerate projects deploying the technology in markets with high solar irradiation such as the UAE and Oman, according to a report by BMI.

    CSP differs from photovoltaic (PV) technology in that the energy it produces can be more easily stored but PV has historically been cheaper and easier to use.

    'The technology's ability to store power"...

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    Xiaomi opens second Mi Store in the UAEDecember 10, 2017

    Global technology leader Xiaomi has opened its second authorised Mi Store at Deira City Centre in Dubai, UAE, in partnership with its local distributor Task FZCO less than four months after the launch of the first store.

    This highlights Xiaomi’s unwavering efforts to bring more innovative products at accessible prices to Mi Fans in the Middle East and North Africa (Mena) region, said a senior official.

    Located at"...

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    Aldar to launch more Water’s Edge homes for saleDecember 10, 2017

    Aldar, a leading property developer in Abu Dhabi, UAE has announced that due to strong demand it will release more apartments for sale in Water’s Edge, the company’s waterfront development on Yas Island.

    Sales will commence on Tuesday (December 12) at the Aldar Sales Centre on Yas Island.

    The new release will comprise studios to three-bedroom apartments, with prices starting from Dh500,000 and Escrow accounts with Union National Bank utilised for all purchases.

    Aldar said demand has soared for the waterfront homes, with the units launched to date already sold out.

    Located"...

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    V8 versus: downsized Aston and Ferrari do battle

    One word: understated. It defines the very best British sports cars to come out of Jaguar, Bentley and Aston Martin. Why else would James Bond, whose legend was built around the suave sophistication of understatement, choose Astons as his cars of choice? Usually in gunmetal grey, with simple, clean lines and calm interiors, but with bulldozing V8s and extraordinary V12s under their skins, Astons have remained the car of choice for those who prefer not to shout about their wealth. Old money versus new money, if you like. Unlike your average Ferrari owner. Look at the curlicues, the side gills, on the GTC4Lusso. Then look at the plain silhouette of the DB11, a car that even lacks bonnet vents because the turbos rely on hot"...

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    UAE adopting technology with more gusto than West, HSBC study shows

    The UAE is embracing technology at a faster pace than the West as the government promotes an ecosystem supportive of innovation, according to a study by HSBC.

    'HSBC's Trust in Technology report indicates that 84 per cent of people in the UAE expect technology to make life easier,' said Marwan Mohd Hadi, head of retail banking and wealth management in the UAE.

    The study, which polled 12,000 people in 11 countries, found that 77 per cent of UAE residents prefer to do most things with new technology when they can, the third highest after India and China compared"...

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    Abu Dhabi authorities 'acquired' $450m Da Vinci, says museum

    The Louvre Abu Dhabi said Friday that local Emirati authorities had 'acquired' a $450-million painting by Renaissance master Leonardo Da Vinci, as reports swirled about the original source of funding.

    'Louvre Abu Dhabi is looking forward to displaying the Salvator Mundi by Leonardo Da Vinci. The work was acquired by the Department of Culture and Tourism - Abu Dhabi,' the museum said in tweets in both English and Arabic.

    The Wall Street Journal reported Thursday that Saudi Crown"...

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    Air Arabia becomes latest UAE carrier to build on African routes

    Air Arabia has announced it will commence fights to Eritrea on 10 December.

    Situated in the Horn of Africa, Asmara in Eritrea will be Air Arabia’s seventh destination to Africa from its hub in Sharjah.

    Air Arabia will fly once a week on Sundays from Sharjah International Airport at 10pm.

    Eritrea is quickly becoming “an important market for the UAE,” Adel Al Ali, Group Chief Executive Officer of Air Arabia said in a statement.

    “Through"...

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