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MENLO PARK, Calif.-Friday, January 13th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Matrix Industries first unveiled the Matrix PowerWatch, a thermoelectric-powered smartwatch that never requires charging on Indiegogo in November 2016. After an overwhelming response from consumers, raising nearly 10 times its goal, Matrix announced its new PowerWatch X model and won CES’s prestigious Last Gadget Standing Competition.

With a larger, more aggressive design, the new X model has greater thermoelectric generating capability and is able to support added features, including a much requested vibration motor for alerts and notifications. Also, with the more substantial body, the PowerWatch X is four times stronger and sports a 200 meter water resistance rating, making it the toughest smartwatch in the world.

PowerWatch and PowerWatch X use thermal engineering and the latest in low power electronics to enable being powered exclusively off body-generated ... Read more »

January 15, 2017 07:25 AM Eastern Time

DOHA, Qatar--(BUSINESS WIRE)--QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the year ended 31 December 2016.

For the twelve months ended 31 December 2016, Net Profit reached QAR12.4 billion (USD 3.4 billion), up by 10% from last year. Total assets reached QAR720 billion (USD198 billion), up by 34% from December 2015, the best absolute results in QNB Group’s history.

The Board of Directors have recommended to the General Assembly, the distribution of a cash dividend of 35% of the nominal share value (QAR 3.5 per share) and a bonus share of 10% of the share capital (1 share for every 10 shares). The financial results for 2016 along with the profit distribution are subject to Qatar Central Bank (QCB) approval.

The growth in assets was driven by loans and advances which grew by 34% to reach QAR520 billion (USD143 billion). At the same t ... Read more »