Japanese electronics giant Sony has said that its latest Xperia Z3 series is now available for sale at all the retail units in the UAE. Sony’s new series, which consists of Xperia Z3 Dual and Xperia Z3 Compact, was unveiled at the IFA Technology Show in September.
Updated 5 Years ago

Nakheel’s Ibn Battuta Mall in Dubai welcomed over 313,000 visitors during the Eid Al Adha long weekend – double its usual footfall, the developer revealed on Tuesday. Visitor figures at the mall averaged 78,300 per day during the four-day break (Friday-Monday), with 87,000 people visiting on Saturday, October 4.
Updated 5 Years ago

Abu Dhabi fund Mubadala announced that it has acquired Hewlett-Packard’s (HP) 40 per cent stake in UAE-based IT firm Injazat Data Systems for an undisclosed sum. Following the acquisition, Mubadala now has complete ownership of Injazat, which built the region’s first Tier IV Data Center, it said in a statement.
Updated 5 Years ago

Reducing reliance on home sales and diversifying offerings is not a new strategy for most of theproperty firms in China. But with sales falling rapidly and inventory pressures going up, most ofthe Chinese developers have started to speed up their diversification strategies with an eye onsustained, long-term growth, said industry experts. In August, the Guangzhou-based real estate company Evergrande Group, already famous forowning a soccer team, established three subsidiaries for grain and oil products, dairy productsand cattle farming. That marked a continuation of the diversification it had started in November,when it launched its first consumer product－bottled water.
Updated 5 Years ago

Samsung Electronics, the world's largest maker of chips, smartphones and flatscreens, saw its operating profit drop 60 percent in the third quarter from a year earlier,regulatory filing showed Tuesday. Preliminary figure for Samsung's operating profit was 4.1 trillion won ($3.85 billion) in the threemonths ending Sept. 30, down 59.65 percent from the same period of last year. From threemonths before, the profit was down 42.98 percent.
Updated 5 Years ago

Online health is shaping up to be a hot new industry in China, as an increasingnumber of hospitals begin providing cyber services. According to Alibaba, as of October a total of 15 hospitals across China have joined the "FutureHospital" scheme initiated by the tech giant's third-party online payment platform Alipay fourmonths ago.
Updated 5 Years ago

Argentina's cooperatives association (Aca-Bio) officially launched a US$130mn ethanol plant outside the city of Villa María, which will produce 125,000M3/y of biofuel. The plant will process 380,000t/y of corn, according to a release from the Córdoba provincial government, with the majority coming from nearby producers.
Updated 5 Years ago

Presidential candidate Aécio Neves of Brazil's center-right PSDB opposition party is expected to push public-private partnerships for urban transport and prisons during his campaign leading to the runoff with incumbent Dilma Rousseff of the workers' party this month. Neves received 33.5% of the 143mn votes cast during the first round on Sunday, while frontrunner and incumbent Dilma Rousseff won 41.6%. The two will face off in the second on October 26.
Updated 5 Years ago

US-based miner Freeport-McMoRan announced it has entered into a definitive agreement to sell its 80% stake in the Candelaria/Ojos del Salado copper mine in northern Chile to Canadian miner Lundin Mining for US$1.8bn plus US$200mn in contingencies. Rumors of the deal had been floating around for months, and at its second quarter results conference call Freeport CEO Richard Adkerson said the company was considering selling assets that did not have the growth potential of some of its other assets, but did not identify Candelaria as a potential candidate.
Updated 5 Years ago

Hewlett-Packard Co. (HPQ) is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal-computing businesses it pioneered. Chief Executive Officer Meg Whitman will lead Hewlett-Packard Enterprise, a new company focusing on corporate hardware and services, while Dion Weisler, the vice president in charge of personal-computer and printer operations, will become CEO of that business, called HP Inc., Hewlett-Packard said in a statement today.
Updated 5 Years ago