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Intellectual cities: a model to follow in Egypt

Lydia Elewa, director of the research department at the Ministry of Environment, discussed main environmental challenges in Egypt during the Intelligent Cities Exhibition and Conference 2017 which took place on Monday Oct. 23. She also shed the light on the sustainable city in Sheikh Zayed and pointed to the importance of

Lloyds profits up as PPI costs recede

Lloyds Bank has announced pre-tax profits for the third quarter of £1.95bn, a rise of 141% on the same period last year. However, last year's result included a big provision to cover claims for mis-sold payment protection insurance (PPI). Underlying profit for the period was £2.08bn, up 9% on 2016. The bank did

BMW headquarters searched by EU investigators

BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. reported on BBC EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions technology. BMW said EU staff had inspected

Dubai Investments profit declines in Q2

Dubai Investments said yesterday its second-quarter net profit dropped 12.6 percent owing to one-off gains from divestments amounting to Dh186 million in the first half of last year. Net profit attributable to equity owners reached in the three months to the end of June reached Dh190.9m compared with Dh218.3m a

US stocks end higher on retail data

Stocks on Wall Street ended the week higher as investors reacted to the latest retail sales and inflation data. The Dow Jones Industrial Average rose 31 points to 22,871.72, and the S&P 500 edged up 2 points to 2,553.17. The Nasdaq index finished the final day of the week up 14 points