By Ole Hansen
Head of Commodity Strategy / Saxo Bank
Commodities markets have seen big swings during the past month
Farm commodities under pressure from supply overhang and speculative selling
Precious metals surged around Easter on spike in geopolitical concerns
Gold is back testing key resistance, but could be in for short-term correction
Surprise jump in US gasoline stocks rattled oil-market bulls
Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds across both soft commodities and grains. The latter have been hit particularly hard with a net short now seen in all of the key crops.
Industrial metals are on track for a second ......read more
Ras Al Khaimah – UAE- 20 April 2017: According to a report published by the Studies & Commercial Cooperation Department at the Ras Al Khaimah Chamber, based on data from the Ras Al Khaimah Customs Department, foreign trade in the Emirate grew by 11.8% in 2016 compared to 2015.
Dr. Ahmed Rashed Al Shemaili, Assistant Director-General of Commercial Service and Business Development Sector at Ras Al Khaimah Chamber said that foreign trade in the Emirate grew by 11.8% in 2016 to reach a value of AED 10 billion compared to AED 9.04 billion in 2015. Exports had the lion’s share and reached AED 3.78 billion, or 37.4% of total foreign trade, followed by imports which reached AED 3.53 billion or 34.9% while the re-export market reached AED 2.79 billion or 27.7% of total foreign trade.
Al Shemaili added that the ......read more
• Sales: +3.5% to 18,714 million euros (organic: +3.1%)
• Emerging markets sales growth: organic +6.8%
• MEA region sales: +3.7% to 1,378 million euros (organic: +5.6%)
• Strong increase of operating profit*: +8.5% to 3,172 million euros
• Excellent earnings per preferred share*: +9.8% to 5.36 euros
• Double-digit dividend** increase: +10.2% to 1.62 euros per preferred share
20 April 2017 - Dubai, UAE: “2016 was a very successful year for Henkel. In a challenging market, we achieved again new record levels for sales and earnings and met our financial targets for the fiscal year,” said Henkel CEO Hans Van Bylen. “For the first time we reached an adjusted operating ......read more
2016 witnessed a decline in Offshore Supply Vessel (OSV) activity in all regions of the world except the Middle East. Stronger results expected in 2017, as oil prices head towards $60 per barrel
19 April 2017 - Dubai, UAE: The Middle East was the only global market to witness an increase in demand in Offshore Supply Vessel (OSV) activity in 2016 of 2.6%, indicating that regional government investment continues to support the sector’s performance since the fall of oil prices in 2014.
The positive news comes ahead of the region’s biannual Seatrade Offshore Marine and Workboats Middle East (SOMWME) event, which takes place at the Abu Dhabi National Exhibition Centre (ADNEC) on 25 – 27 September 2017.
According to Petrodata figures, demand for OSV in the Middle East region was 2.6% higher in December ......read more
Dubai, 18 April 2017: The new Art Event 2017 collection, from the Swedish home furnishing retailer IKEA, has launched across all IKEA stores this April. Introducing a limited-edition collection which features 12 posters with hand-drawn motifs from a carefully curated selection of artists from all over the world.
The 2017 collection is the third installment within the series, as IKEA strives to provide people all over the world with affordable and functional designs, and continues its mission to also make great art accessible for everyone.
The Art Event 2017 collection is created by enlisting some of the most exciting, established and up-and-coming artists from around the world to contribute to a collection of posters featuring works drawn by hand. The style of the collection is highly eclectic and diverse with ......read more
Global CO2 emission to reach 43 Billion tonnes by 2040
Hydrogen to play a key role in resolving the energy storage dilemma
UAE - 18 April 2017
Towns, cities and individuals must be held accountable for the energy they consume and should be rewarded and penalized accordingly, George Berbari, one of the world’s foremost voices on district cooling technologies told the prestigious District Cooling Stakeholders Summit, in Dubai yesterday (18 April 2017).
Berbari, founder of UAE-based district cooling consultancy DC PRO Engineering, and author of the thought-provoking ‘The Energy Budget’ – which outlines a self-financing long-term solution to tackle climate change – outlined that with CO2 emissions expected to reach 43 billion tonnes globally by 2040, it is crucial that municipal official, government ......read more
Contest promotes innovation among business and engineering students
Winning team to visit Schneider Electric’s global facilities, receive employment offers from company
Dubai-UAE: 17 April, 2017 – Schneider Electric, the global specialist in energy management and automation, has launched the seventh edition of ‘Go Green in the City,’ its annual global challenge for business and engineering students that promotes innovative energy management ideas for smart cities.
Business and engineering undergraduate and post-graduate students from all over the world can join the competition until 12 May, 2017. Teams must submit a case study illustrating their ideas for innovative energy management solutions in cities related to one of the four topics: Strategy and Technology, Cooling Solutions, Energy ......read more
Empower announced recently a saving of 1000 MW of electricity, which is equal to AED 2.6 billion, as a result of using its district cooling services in 2016
Dubai, UAE, April 17 2017: Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, underlined the importance of district cooling as an environment-friendly alternative to conventionalair-conditioning. The company emphasised the importance of district cooling to real estate developers ahead of the upcoming Cityscape Abu Dhabi2017, one of the largest and most significant real estate events, which will take place at the Abu Dhabi National Exhibition Centre (ADNEC)from April18th to 20th 2017.
"District cooling is the need of the hour. It paves the way for economic advancements. The UAE is making remarkable ......read more
The facility consolidates CPL’s foothold in UAE’s Dh86 billion logistics market
UAE logistics sector is expected to grow by 4 per cent, with a compound annual growth rate (CAGR) of 5.7 per cent between 2015 and 2020
CPL is mulling cost effective solar energy sources to reduce dependency on expensive traditional electricity supply
25 per cent of the GCC’s Dh 171 billion logistics market is spent on warehousing
Dubai, UAE, April 16, 2017
The Centre Point Logistics (CPL), Dubai’s leading provider of logistics, warehousing and storage facilities, today announced the commencement of operations of its newly built Dh60 million state of the art warehouse at Dubai Logistics Corridor in Dubai South.
With current total investments of over AED100 million in warehouse and distribution space of over 3 ......read more
Professional agency support delivered in preparation for start of commercial shipments
Dubai, UAE, 16 April 2017 – GAC Russia has marked an important milestone with its successful handling of the first LNG carrier designed to withstand harsh Arctic conditions at the icy Russian ports of Murmansk and Sabetta.
The “Christophe De Margerie” is the world’s first specialised LNG ship in the reinforced ice Arc7 class, and the first of a fleet of 15 designed to export liquefied natural gas from Sabetta to European and Asian markets.
When it arrived in Murmansk for its ice trails in the Kara Sea, GAC Russia provided the vessel with a range of services, including: obtaining its permit to operate in Russian territorial waters; boarding engineers and scientists for the trials; delivering ......read more
- Over 100 UAE Ambassadors briefed on the UAE Peaceful Nuclear Energy Program
- Delegation witnessed the exceptional progress made at Barakah
Abu Dhabi, UAE – 15 April 2017: The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) welcomed 117 of the UAE’s overseas diplomats to the Barakah Nuclear Energy Plant during a tour of the project, which included a briefing on the UAE’s Peaceful Nuclear Energy Program and the latest construction and commissioning milestones.
The UAE Ambassadors and Heads of Missions Abroad were hosted by ENEC CEO, Mohamed Al Hammadi, Acting CEO of Nawah Energy Company, Mohammed Sahoo Al Suwaidi, Barakah One Company CEO, Nasser Al Nasseri, ENEC’s Deputy CEO Ahmed Al Rumaithi, and other senior ......read more
ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications.
The 300 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
- Sultan Ahmed Bin Sulayem: 21 new British companies joined Jafza last year
- 7% year-on-year growth of British companies over the last five years
- Paul Fox: British companies benefit from Jafza for efficient access to the UAE and the region.
Dubai, United Arab Emirates, 15 April, 2017: Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa has hosted the UK Business Forum for British companies operating in the free zone to strengthen partnerships and explore opportunities in the Middle East and African region.
The forum was held in the presence of Paul Fox, British Consul General in Dubai and Northern Emirates; Mohammed Al Muallem, CEO of Jafza and Senior Vice President & Managing Director of DP World - UAE Region and senior ......read more
Engineered for excellence: the innovative range creates a new, revolutionary dimension of office seating
Dubai, UAE; 15 April, 2017:
Leading German workplace seating innovator, Interstuhl, has taken its next step in the GCC market with the launch of the new VINTAGEis5 product line. The spectacular launch event took place at Armani Hotel Dubai on 12 April, 2017, where the award-winning new seating range made its regional debut in front of a selected gathering of VIP guests, partners, stakeholders and members of the media.
Featuring an integrated design concept from designer Volker Eysing, the high-class VINTAGEis5 range combines a distinctive character with innovative features. The 2017 win of the German Design Award for design excellence is proof of the product line’s elegant aesthetics, while technical world ......read more
With a total investment of US$85 million, INL constructed a Central Distribution and Logistics Centre – one of the largest single-site warehousing complex in Dubai South
Dubai, UAE (April 13, 2017): The Integrated National Logistics (INL), a leader in total logistics solutions for companies seeking cradle to grave support for their products and services across the MENA region and beyond, has come a long way in ten years.
With a total investment of US$ 85 million, INL constructed a Central Distribution and Logistics Centre – one of the largest single-site warehousing complex in the UAE. The company offers several points of difference when it comes to the storage and handling of customer’s goods with 20,000 sqm2 of high bay multi temperature chill and frozen fully automated storage at a height of 29 meters as well ......read more
Dubai, UAE - 13 April 2017: Britain’s decision to establish a post-Brexit free trade agreement with the GCC has the potential to fast track the diversification of the UAE economy, according to Links Group, the region’s leading provider of commercial facilitation and advisory services.
Led by British Prime Minister Theresa May, Britain is paving the way for a post-Brexit deal for the whole of the Gulf. It will be only the second GCC-wide Free Trade Agreement to be signed with a non-Middle East country; the first was signed with Singapore in 2013. As a member of the European Union, Britain cannot currently sign the agreement, but according to Gulf officials a draft could be ready within months.
The GCC states are currently undertaking the most drastic reforms in their histories to prepare for a post-oil era. Boosting ......read more
Dubai, UAE - April 13, 2017: Kanoo Machinery, one of the exclusive dealers of world-class brands in the Middle East showcased its latest high-technology Massey Ferguson tractors and Bobcat Compact Loaders designed to perform a multitude of tasks in almost every farming operations around the world, at AgraME 2017 on April 10-12, 2017 at the Dubai International Exhibition Centre.
Kanoo Machinery is a Silver Sponsor of the recent AgraME. AgraME is the largest agribusiness event in the Middle East which features manufacturers and suppliers of machinery, equipment and industry advancements, to cater to the growing market and to improve agriculture practices in the region.
During the exhibition, Kanoo Machinery featured its Massey Ferguson Global Series – the new MF4708 tractors re-engineered from the ground up to meet the ......read more
- Animal Health business, following a positive 2016, is poised for strong long-term growth and industry leadership after the strategic addition of Merial
- Boehringer Ingelheim’s animal health business is now the second largest company in the global animal health market
- In the Middle East, Turkey and Africa (META), Boehringer Ingelheim provides solutions that improve health in livestock, horses and poultry
United Arab Emirates – 13 April, 2017: Three months after acquiring animal health leader Merial in a strategic transaction with Sanofi, Boehringer Ingelheim revealed its ambition to compete for industry leadership worldwide in animal health. Boehringer Ingelheim’s management recently discussed the importance of its animal health business and its ......read more
Participates for the 10th time in the Careers UAE fair
Dubai, 13 April 2017: Investing in and retaining the right people is the biggest asset for any organisation. And making significant progress in identifying and nurturing such talent through career fairs is UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand. The brand’s participation in the Careers UAE, one of the largest recruitment fairs in the country, is part of its strategic plans to expand the Emirati workforce across its various operations in the UAE.
Speaking on the occasion, Abdel Kareem Alkayed, UAE Exchange Country Head for the UAE, said: “Our continuous participation in recruitment fairs like Careers UAE is a testament of our commitment towards the vision of the UAE government in developing and empowering the ......read more
Dubai, UAE - April 12, 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling services provider, recently entered into an agreement with Dubai Trade, the premier trade facilitation entity, to utilise its ‘Rosoom’ the secured online payment gateway. The agreement was signed by HE Ahmad Bin Shafar, CEO of Empower and Eng. Mahmood Al Bastaki, CEO of Dubai Trade, in the presence of both parties’ seniors and officials,at Empower’s head office.
“At Empower we are committed to provide our customers with best-in-class services to streamline their day-to-day life. Our association with Dubai Trade is a testament to our efforts and initiatives to provide smart services to our customers and drive the UAE government’s smart vision. The e-payment gateway will ......read more
Abu Dhabi, UAE - 12 April, 2017 - Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports in the Emirate, as well as Khalifa Industrial Zone Abu Dhabi (KIZAD), announced today the introduction of a new stream of digital services in the field of import and export operations for RORO and General Cargo. This is a substantial offering that will provide customers and stakeholders the accessibility to new benefits they can now reap from the automation of operational processes and services through its Maqta Port Community System (PCS).
The new service marks the completion of the digitalization of all operational services, following the success in providing digital services for container and cruise vessels across Abu Dubai’s commercial ports in 2016.
Announcing the new digital services, ......read more
Dubai, UAE, April 11, 2017: His Highness Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum, tours Careers UAE, the UAE’s leading career fair for Emirati nationals, accompanied by His Excellency Helal Almarri, Director General of Department of Tourism and Commerce Marketing and Dubai World Trade Centre Authority.
The event, which ran from April 9 to April 11 at Dubai World Trade Centre, is held each year under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and invites UAE nationals to explore new career opportunities within the public and private sectors.
The 11th edition of Careers included Gold Sponsors Dubai Electronic Security Centre and National Bank of Abu Dhabi, Strategic Government Partner Dubai Government Human Resources, ......read more
ICLP survey finds that just 29% of UAE consumers feel that their custom and loyalty is rewarded by their chosen retailer
11th April, 2017 - Dubai, UAE – Global loyalty marketing agency, ICLP today reveals research which states that whilst Club Apparel, which comprises of over 70 international brands, is considered to be performing the most strongly in the eyes of UAE shoppers when it comes to rewarding customer loyalty, retailers in general are failing to drive devotion amongst consumers. Just 29% of UAE consumers feel that their custom and loyalty is being rewarded by their favoured retailer, while 36% said that they felt appreciated if they were a regular customer.
ICLP surveyed UAE consumers to understand how far their expectations were being met by a named retail brand that they shop with frequently and are loyal to, and ......read more
Foundation is Currently Reviewing more than 300 Applications
Dubai-UAE: 11 April, 2017 – Awqaf and Minors Affairs Foundation (AMAF) in Dubai has created nine new jobs for UAE nationals at its Family Village, the region’s first community orphanage of its kind.
The Foundation is also reviewing more than 300 applications from nationals keen to work in various disciplines and departments at the Family Village that cares for young orphans and minors. The resumes are currently being screened and sorted according to the needs of each department in the institution. Suitable training plans are also being drawn up for current and potential employees of the Family Village.
The announcements were made as part of AMAF’s participation at the three-day Careers UAE 2017 that runs until April 11 at the Dubai World ......read more
Dubai, UAE, 11 April 2017: H.E. Sultan Bin Alwan Al Habsi, Assistant Undersecretary of Regions Sector at the UAE Ministry of Climate Change and Environment, has officially inaugurated AgraME, AquaME and VetME, the region’s specialist agribusiness, aquaculture and veterinary trade events, taking place until 12 April at the Dubai World Trade Centre.
The three-day event is hosting over 300 agriculture, poultry, livestock, aquaculture, and veterinary businesses from across the world, and also features the AgraME conference, where experts will discuss the latest developments in GCC biosecurity policies and practices and water management.
H.E Sultan Bin Alwan Al Habsi opened discussion of water management on the first morning of the conference, which featured topics such as irrigation systems, urban farming and ......read more
April 19, 2017: Recent industry reports have shown that the continuously growing rate of technological change has been identified as one of the major drivers in the evolution of the global transport landscape. Looking to increase more awareness on this evolving phenomenon, TRL, the global centre for innovation in transport and mobility, is set to showcase the emerging and upcoming trends in the Future of Transport for the UAE during its participation at the coming Smart Infrastructure Summit, an event aimed at discussing and debating on the various technologies and systems that bridge the gap ......read more
April 17, 2017. United Arab Emirates: The Maritime Inspection Department of the Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating, and supervising all aspects of Dubai’s maritime sector, continues to follow-up with all owners of floating restaurants operating in the emirate to strictly adhere and comply with the DMCA’s safety and high quality operational requirements in light of the increasing maritime traffic in Dubai in order to ensure the enhancement of maritime safety and the efficiency of maritime navigation within Dubai ......read more
April 16, 2017. United Arab Emirates: The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, announced its support once again to the upcoming Middle East Offshore Journal (OSJ) Conference taking place from May 8 to 9, 2017 at the Westin Dubai Mina Seyahi Beach Resort & Marina. This year’s premier regional gathering of the international offshore support vessel industry will be held under the main theme of ‘Cost Optimization Through Technology and ......read more
Abu Dhabi, UAE, April 11, 2017: ADNOC Distribution has announced a reduction of the retail price of unsubsidised LPG cylinders for the month of April 2017 in all service stations in the UAE.
As per the announcement that is set on the 10th of every month, the new reduced retail price is as follows: AED 52 per 25lb, reduced from the earlier marked retail price of AED 58; AED 104 per 50lb, reduced from the earlier marked retail price of AED 116; and AED 208 per 100lb, reduced from the earlier marked retail price of AED 232.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ......read more
- Sultan Ahmad Bin Sulayem: CNPC’s move reinforces the company’s presence in Middle East markets and consolidates Jafza’s position as a regional hub for the oil and gas sector.
- Zhu Junfeng: New headquarters brings together 16 organisations in CNPC Group under one roof
Dubai, United Arab Emirates,11 April, 2017: Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa and the China National Petroleum Corporation ......read more
Thousands of employment opportunities on offer at UAE’s leading recruitment fair
11 April 2017 - Dubai, United Arab Emirates:
Emiratis are filling the halls of Careers UAE 2017 at Dubai World Trade Centre this week as public and private organisations reveal a wealth of job opportunities for UAE nationals across more than 15 different industries.
Taking place until 11 April, 70% of exhibitors at the UAE’s leading recruitment fair represent local government entities. Dubai Government alone report over 400 vacancies available for Emiratis and are positive they will fill at ......read more
Dubai, 11 April 2017: The UAE International Investors Council (UAEIIC) andUAE-India Business Council (UIBC) today signed a Memorandum of Understanding (MoU)for facilitating trade and investmentsincluding expansion of joint ventures, technological& industrial collaboration between UAE and India.
The MoU was signed by H.E. Mr Jamal Saif Al Jarwan, Secretary General, UAEIIC and Mr Abdul Salam, Director General, UIBC during the seventh edition of Annual Investment Meeting (AIM) in Dubai.
As per the agreement, UAEIIC and UIBC will work together to facilitate, strengthen and ......read more
Accent chairs add a homely focal point while offering up a practical seating solution whether in a living area, bedroom or hallway. Homes R Us offer an eclectic selection to suit traditional, contemporary or classical tastes.
About Homes r Us
Established in 2003, as a one-stop store for stylish home concepts, Homes r Us is a complete lifestyle destination showcasing a wide range of home furniture, furnishings and accessories. The first store opened at the Madinat Zayed Centre in Abu Dhabi. Its arrival in the capital ushered in a new era and subsequently redefined lifestyles in the ......read more
What3Words launches in Arabic with Jaguar Land Rover and Aramex adopting 3 word addresses
Dubai, UAE, April 10, 2017 – what3words, the multi-award winning location reference system, has launched in Arabic, and immediately embarked upon a host of strategic partnerships, to bring its precision addressing infrastructure to a market of over 230 million Arabic speaking people across the globe.
what3words is an address system based on a global grid of 57 trillion 3m x 3m squares, where each square has a unique pre-assigned 3-word address. The system is fast becoming an essential ......read more
Public and private companies out in full force to recruit UAE nationals as government strives to reach Vision 2021 Emiratisation goals
Dubai, UAE, April 9, 2017
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed Bin Rashid Al Maktoum Knowledge Foundation, officially inaugurated the 17th edition of Careers UAE 2017 today, as the country’s leading recruitment exhibition for Emiratis returns to Dubai World Trade Centre (DWTC) with a host of job opportunities in more than 15 different industries.
Running from 9-11 April at Dubai World Trade ......read more
Negative emotions in the workplace can have surprising positive effects, says LBS expert
Dubai, UAE, 09 April 2017 - Most of us, if asked, would opt for a harmonious office environment. Few of us regularly display anger or suspicion in the workplace, choosing instead to hide any negative feelings lest they damage our reputation or relationships. But, according to new research by a London Business School behavioural expert, too many firms have not counted the true cost of keeping the peace at work.
Michael Parke, Assistant Professor of Organisational Behaviour, London Business School, ......read more
Bank to conduct on-the-spot interviews for UAE nationals at its stand 7A-5
Dubai-UAE: 9 April, 2017 – Noor Bank is participating at the annual Careers UAE, the ultimate recruitment event for UAE nationals, as part of its strategic objective to bring on board talented Emiratis for key positions.
The event that got underway today at Dubai World Trade Centre, is held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and will run until 11 April. Careers UAE 2017 aims to ......read more
Dubai, April 9, 2017: The University of Wollongong in Dubai (UOWD) has been selected by Plantagon, the Swedish company known for its patented innovations in urban food production systems, as its academic research partner in Dubai, to jointly focus on urban agriculture related research and development of innovative solutions for the UAE.
With the world’s urban population projected to rise by 72 % in the next few decades, cities around the globe are facing numerous challenges. With noticeable climate changes and other environmental factors adding to these challenges, cities are ......read more
April 8, 2017 – Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, is planning to increase the number of its Emirati employees holding junior, middle, and senior management positions to seven per cent this year from the current five per cent in line with its commitment to the UAE Government’s ‘Emiratization’ policy. The company made this announcement ahead of its participation at the prestigious Careers UAE 2017, the latest edition of the country’s foremost recruitment, education and training event exclusively for ......read more
April 8, 2017. Dubai, United Arab Emirates: Held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the 2017 edition of the Dubai Maritime Agenda is set to kick off on October 10, 2017 in Dubai. It will provide a strategic platform for the world's elite maritime industry leaders to discuss and explore the future of the maritime sector, in line with the requirements of the ambitious development process of the UAE.
H.E. Sultan Bin Sulayem, Chairman of the Dubai Ports, Customs and Free Zone ......read more
UAE, April 6, 2017- The General Secretariat of the Supreme Legislation Committee in the Emirate of Dubai (SLC) has confirmed its participation together with other leading government entities at this year's edition of “Careers UAE,” which will be held from April 9 to April 11, 2017 at the Dubai World Trade Centre (DWTC). The SLC's presence at this exciting three-day event is aimed at attracting UAE national talents and encouraging them to be part of the legislative system in the emirate of Dubai. This participation comes in line with the SLC's commitment to supporting ......read more
• Construction in full swing on Oman’s second largest power plant
• Commercial operation to commence in less than two years
• Gas turbine project with capacity of over 1,700 Megawatts
06 April 2017 - Dubai UAE: Work is progressing fast on the construction of SOHAR III, a green-field, integrated combined-cycle gas turbine power plant located in SOHAR Port. The project is valued at over US$1 billion and is on track to commence commercial operations by January 2019. With more than enough capacity to ......read more
Empower accentuates the importance of implementing a less expensive and greener alternative to air conditioning to reduce energy consumption and carbon emissions
Dubai, UAE - 5 April, 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service provider, accentuated the importance of implementing a less expensive and greener alternative to air conditioning, such as District Cooling Solutions (DCS) tooptimise climate change and reduce energy consumption and carbon emissions. The announcement was made on the occasion of the ......read more
Purchase is significant step in firm’s global expansion
Dubai-UAE: 4 April, 2017 – The BB Energy Group (BB Energy) today announced that it has purchased Pioneer Energy, Morgan Stanley’s diesel terminal in Australia, via its wholly owned subsidiary Wala B Terminal Holding PTY Ltd. In line with BB Energy's ongoing global expansion, the acquisition is the company’s first in Australia.
Pioneer Energy owns the largest diesel terminal in Mackay, Queensland that comprises three storage tanks, each with a capacity of 25,000 cubic metres. It is the ......read more
April 4, 2017. Dubai, United Arab Emirates: In keeping with its long-standing efforts to develop, regulate, and enhance the maritime sector, the Dubai Maritime City Authority (DMCA) recently launched the ‘Maritime Signage Design and Guidelines’ available in both Arabic and English. The guidelines serve as an integrated framework for implementation of uniform standards in designing and placing of signage, safety boards, and guiding arrows off Dubai waters, including coasts and waterways, according to best international practices. By launching the guidelines, the DMCA aims to ensure ......read more
DUBAI, UAE, April 04th, 2017– Genetec Inc. (“Genetec”), a leading provider of open architecture security and public safety solutions, remains committed to instill confidence in its ability to address the Middle East region's increasing demand for state-of-the-art and highly advanced video analytics and surveillance systems. The company's upbeat attitude follows after a recent industry report from 6Wresearch, a leading IT market research firm, forecasting that the UAE video surveillance segment is poised to reach USD 200 million in the next four years—with the ......read more
LBS experts highlight tactics to help business leaders handle volatile economic climate
Dubai, UAE, 4 April 2017 - Since the financial crisis of 2007/2008, volatility has returned to new highs. When faced with turbulent times, leaders in business, politics and society tend to relay contrasting responses.
London Business School’s Adjunct Professor of Strategy and Entrepreneurship, Dominic Houlder and Executive Fellow of Strategy and Entrepreneurship, Nandu Nandkishore believe the future belongs to leaders who ignore the pressure to slash jobs, capture value and retreat, and instead ......read more
UAE, April 03, 2017 - Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAP ™), remarks the UAE’s plan to opt for clean energy sources and deploy smart grid and meter solutions that will increase the contribution of renewable energy to the total energy mix in line with the UAE Energy Plan 2050. The policy aims to increase the consumption of clean energy by 50 per cent and improve energy efficiency by 40 per cent which will contribute in saving nearly AED 700 billion.
It ......read more
Dubai, April 3, 2017: The new Stockholm collection, from the Swedish home furnishing retailer IKEA, is all about the beauty of doing things at the right pace. It is a collection of furniture and home accessories using natural material that have taken their time to come to life.
The first Stockholm collection was launched in 1984. Each new collection is different from previous ones, but they all share some common characteristics: Scandinavian modernity of the highest quality in form, function and materials — but at an affordable price.
As a carefully curated ......read more
Abu Dhabi - UAE; April 2, 2017 -- Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management.
Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain.
The MoU was signed by H.E. Dr Sultan Ahmed Al ......read more