Archive for the ‘NEWS’ tag

Alfa Romeo’s Centennial Anniversary – What’s it all about, Alfa?

Alfa Romeo’s Centennial Anniversary – What’s it all about, Alfa?

Alfa Romeo plans to unveil the 4C, a compact, lightweight sports car concept this summer. Here’s the scoop.

This August, Alfa Romeo will celebrate its centennial at Pebble Beach, where it is a featured marque at the Concours d’Elegance. Rumor has it that the Italians will cap off the festivities by unveiling the 4C, a compact, lightweight sports car concept. Says one insider from parent company Fiat’s headquarters: “The 8C has been a very successful halo car. What we need next is a more affordable follow-up model that spreads the message over a wider customer base.”inline_mediumwraptextright28091446/features/news/1004_alfa_romeos_centennial_anniversary1004_02_z+alfa_romeo_4c+front_three_quarter_view.jpgTrue

Photo Gallery: Alfa Romeo’s Centennial Anniversary – 4c, Giulia, Giulietta, Crossover – Automobile Magazine

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Toyota’s Intended Rebuttal

Embattled Automaker Calls in the Engineers to Help Refute ABC News Report

Abu Dhabi’s ATIC to raise stake in AMD

Ibrahim Ajami, chief executive of Abu Dhabi government-owned Advanced Technology Investment Co has unveiled plans to raise the firm’s stake in Global Foundries to 70% soon, as part of its plans to take over the entire AMD stake in the chip maker, Reuters has reported. ‘ATIC’s stake now is 68%. It will go up to 70% in two to three months,’ Ajami told the news service, adding that ATIC plans to buy the rest stake through a capital call process over a period of three to four years. ‘The intent is to make sure that Global Foundries is well capitalised and AMD is a buyable player,’ he said.

News Corp unit and twofour54 announce joint project

Abu Dhabi’s twofour54 has entered into a strategic partnership with Fox International Channels, a wholly owned subsidiary of News Corporation, across three major projects. Under the agreement, FIC’s global online advertising network business, .FOX, will headquarter its Middle East operations in Abu Dhabi and in co-operation with twofour54. Furthermore, FIC will move the playout and operations of some of its channels available in the Middle East from Hong Kong and other locations to a new centralized facility in Abu Dhabi operated by twofour54. It will also establish a production office in Abu Dhabi for NHNZ, a division of FIC and one of the world’s leading documentary filmmaking companies, in co-operation with twofour54, to manage Middle East specific productions, with an emphasis on building up the 3D production capabilities and expertise.

Bentley sales rise 41% in Saudi Arabia

Bentley has said that its exclusive dealer in Saudi Arabia, Al-Ghassan Motors, posted a 41% rise in sales last year compared to 2008, making it the most successful dealer in the Middle East and second most successful worldwide, Arab News has reported. The overall performance for the Bentley Middle East, Africa and India region decreased by 6% for the 2009 in the Middle East, but the overall growth of the region in terms of the share of worldwide volume has grown from 6% in 2007 to 12% of the worldwide total in 2009.

Saudi mulls draft law to curb smoking

Saudi Arabia: A draft law aimed at curbing smoking in Saudi Arabia is being considered by the kingdom’s Shoura Council, Arab News has reported. The proposed legislation includes a penalty of SR500 for smoking inside airports; a ban on the cultivation of tobacco and the production of products that contain tobacco; designating public places like mosque courtyards and sports venues as no-smoking zones; increasing tariffs on imported tobacco products adding warning labels to tobacco products; and banning sale of tobacco to minors. [AMEInfo.com]

Kuwait Finance House eyes US, China markets

Kuwait: Bader al-Mukhaizeem, Chairman of Kuwait Finance House, has said the lender plans to expand in international markets including the US, Canada and China, Reuters has reported. Overseas markets contributed 43% of the earnings for the lender, which is Kuwait’s largest Islamic bank. Al-Mukhaizeem also said that 2010 earnings are expected to be in line with those in 2009. ‘I don’t expect them to be up by much from 2009. Maybe in the second half things will improve,’ he told the news service. [AMEInfo.com]

Essar Oil stock zooms 6 4 per cent

Essar Oil stock rose 6.4 per cent on Monday on news of the international listing of Essar Group’s power and energy business. The stock emerged as the top gainer among the BSE 100 companies, ending the day at Rs 149 reports Sandeep Singh.

GPS Guides Blind Man on Appalachian Trail

The Scripps Howard news service is reporting that a blind Minnesota man is hiking the 2,174-mile Appalachian Trail using a GPS-equipped cell phone. According to Mike Hanson, 44, of St. Louis Park, Minnesota, his GPS-equipped cell phone “gives me everything I would need to know about the trail but the view.”

Looking to the future of the Corvette, and a test drive of the 2011 Ford Super Duty, in News Brake for Monday, March 8:

In News Brake: We look ahead to the future of the Chevrolet Corvette, Audi ponders an A2, and a test drive of the 2011 Ford Super Duty . . . But Wait, There’s More!

Gates in Kabul, cautions against over-optimism (Yahoo – World)

Reuters – Defense Secretary Robert Gates cautioned against over-optimism despite bits and pieces of good news from Afghanistan, warning of hard days ahead as he arrived on Monday to meet generals and President Hamid Karzai.

We’re Live-Blogging The Academy Awards Red Carpet! (MTV)

MTV News is live-bloggin the Academy Awards red carpet! Get all the latest updates right here!

New mall to be built in Makkah

Saudi-based Aqari Investment Holding plans to build a shopping mall in the Al-Rusaifah district of Makkah, Arab News has reported. The four-storey mall will have two floors dedicated for retail outlets, a floor for a food court, in addition to an exclusive floor for children with rides and games, the company said.

Ajman bans smoking in public areas

A smoking ban in public areas has been imposed by the municipality of Ajman in the UAE, in line with a presidential decree on banning smoking and the sale of tobacco and its products in public areas, Gulf News has reported.

Dubai World to ask for loan rollover, bankers say

Dubai World will ask banks to roll over loans for years when it presents a restructuring proposal to creditors this month in a bid to renegotiate terms on about $26bn of debt, Bloomberg has reported, citing three bankers familiar with the plan. Banks may be able to avoid a so-called haircut if they are prepared to wait for years to be repaid, and they also may be provided a guarantee by the Dubai government, the sources told the news service.

Bank Sharjah eyes JV with BNP Paribas

Varouj Nerguizian, general manager of the Bank of Sharjah, has unveiled plans to form a joint venture aimed at tapping the fast-growing Middle-Eastern market for the very rich, Reuters has reported. The bank is also considering establishing a European footprint, either by acquiring a small bank or obtaining a licence, he said. ‘I think we are going to pursue that shortly … there is a lot of a business between Europe and the UAE that you can capture through that entity,’ Nerguizian told the news service.

TechNet 2.0 Episode 7: The Homepage

The TechNet 2.0 release is nearly here. In this installment, Keith Combs describes the changes you can expect on the TechNet homepage, including frequent content updates and news from real people. The new face of TechNet will include real faces.

Try out the new TechNet Widget

Version 2 of the TechNet Widget is now live. Get the latest TechNet content and news directly on your desktop. You can create your own widget and customize it with your own logo, and easily incorporate it on a blog page or website with the embed code provided.

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