An average rate increase of 4.9%, effective January 1, 2019
Dubai, UAE September 24th, 2018: DHL Express, the world’s leading international express services provider, announced today its annual price increase of 4.9% for shipments, effective January 1, 2019.
“DHL Express has been significantly investing in our international network to meet highest expectations and to offer an even better service for our customers globally,” said Geoff Walsh, UAE Country Manager, DHL Express. “Our aim is to deliver continuous improvement in quality to meet our customers’ needs even more. The annual price adjustment allows us to further strengthen our infrastructure, ensuring best-in-class customer solutions by using innovative technologies and individual delivery processes. Particularly ......read more
By Ole Hansen, Head of Commodity Strategy at Saxo Bank
Dubai, UAE, September 23, 2018: The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports.
The broad-based recovery that followed in global stocks and currencies was driven by a combination of the US tariffs coming in at the lower 10% bracket and China, while responding with its own counter tariffs, announcing plans to cut taxes, lift consumption, and lowering its average tariff rate on imports from most of its trading partners as soon as October.
While these developments may have helped sentiment, a proper de-escalation in China / US relations has yet to ......read more
The International Youth Nuclear Congress and the UAE Permanent Representation to the International Atomic Energy Agency co-hosted a side-event at the 62nd IAEA General Conference in Vienna, Austria
Young professionals from the UAE, USA, China, Russia and France share their views on the future of nuclear energy and technology
Dubai, UAE, September 20, 2018: The International Youth Nuclear Congress (IYNC) and the United Arab Emirates (UAE) Permanent Representation to the International Atomic Energy Agency (IAEA) facilitated a discussion on the role of young people in the future of the nuclear industry with representatives from around the globe. The two organizations co-hosted a side-event at the 62nd IAEA General Conference today, with opening remarks from Ambassador Hamad AlKaabi, Permanent Representative of the UAE to the ......read more
ENEC participates in 62nd Annual Regular Session of the IAEA General Conference, UAE side event and International Youth Nuclear Congress event
ENEC CEO updated the attendees on the status of the Barakah Nuclear Energy Plant Project
Abu Dhabi, UAE – 19 September 2018: The Emirates Nuclear Energy Corporation (ENEC) participated in the 62nd Annual Regular Session of the IAEA General Conference, taking place at the IAEA International Center in Vienna, Austria, from 17 to 21 September 2018. The ENEC delegation to the Conference is led by Eng. Mohamed Al Hammadi, Chief Executive Officer of ENEC.
Eng. Mohamed Al Hammadi delivered a speech during the special event hosted by the UAE on the side-lines of the General Conference, in which he updated attending officials and representatives from IAEA member ......read more
Dubai, UAE; September 19, 2018: Hormann, a leading provider of doors and gates in the region, has introduced a new door type- V4015 SEL Alu-R, that comes with an innovative tubular drive and high-speed process, making it ideal for tight spaces. It is safe and economical as it is equipped with the standard light grille and SoftEdge profile for a high level of security, to prevent door system damage by stopping the door immediately if a person or vehicle is in the door opening. These features make the door suitable for different sectors including general stores, hotels, homes, food and beverages stores, textiles, and furniture stores.
“The flexible V4015 door is a great choice for those who have a limited space. It is developed keeping our client needs in mind regardless of the size of the space they have,” said ......read more
Dubai, September 18, 2018: As residents look to enjoy their outdoor space during the cooler months, home improvement and lifestyle store, Al-Futtaim ACE has the perfect solution to refresh or revitalize their garden or balcony.
The Al-Futtaim company has just launched its exciting Outdoor collection with hundreds of new products that will provide plenty of inspiration for customers to decorate their outdoor living space.
Whether it is alfresco dining, barbeque parties, camping or off-roading, picnics, gardening or celebrating the festive season, the collection includes new and exclusive products that are on-trend and offer great quality and good value for money. This year’s collection features an extensive range of products from outdoor furniture, barbeques, lawn mowers, swings, camping and automotive accessories ......read more
The renowned French outdoor furniture brand for hotels and resorts will display the latest collections and innovative designs from September 16-18, 2018 - DWTC
Dubai, UAE, September 15, 2018: Mousses Etoiles, a leading French manufacturer of luxurious outdoor furniture, will be exhibiting their latest range at The Leisure Show Dubai, from the 16th to the 18th September in Hall 7 stand number 7E308 DWTC. Mousses Etoiles which has already begun providing UAE’s most prestigious hotels, will be looking forward to meeting and interacting with more hospitality professionals visiting the show.
Since 1992, Mousses Etoiles, a privately-owned family business, has been designing and manufacturing high quality outdoor furniture for five-star hotels, restaurants, beach clubs and luxurious villas. ......read more
Enjoy a wide variety of designs and combinations to suit every budget at one of the biggest bedroom festivals this year!
PAN Emirates launches bedroom festival up to 70 per cent discounts
PAN Emirates offers pre-arranged sets from cost effective
Dubai, United Arab Emirates, September 12, 2018: PAN Emirates Home Furnishings, the leading home-grown indoor, patio, and outdoor furniture brand in the region, continues to offer great value to it’s loyal customers with the launch of the bedroom festival.
During the festival, shoppers can enjoy discounts of 30 – 70 per cent, from a variety of Victorian, Rustic, Country, Spring, Boho, Classic, Transitional and Modern designs. In order to make the shopping experience more convenient, the store will pre-arrange the bedroom sets, so it’s ......read more
5MW Ile de Romainville Solar Park being developed with financing worth AED31 million from Abu Dhabi Fund for Development as well as funds from PUC’s own equity
Solar PV project to be integrated with existing 6MW Port Victoria Wind Farm and PUC’s existing power station
Abu Dhabi, United Arab Emirates; Sept 12, 2018 – Masdar, Abu Dhabi Future Energy Company, will help the Public Utilities Corporation (PUC) in building a five-megawatt (MW) solar photovoltaic (PV) power plant with battery storage in the Republic of Seychelles The project is being financed by a AED31 million loan from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, as well as funds from PUC’s own equity.
The project’s engineering, procurement and construction (EPC) contract ......read more
Renowned interior designer, Perry Hanssen showcases contemporary kitchen spaces with SieMatic UAE
Dubai, UAE, September 12, 2018: The kitchen is probably the most used room in any home, so why not make it a space you enjoy spending time in. Introducing innovative German designed kitchens from SieMatic UAE, which is retailed at Al Gurg Lifestyle.
SieMatic offers customers a unique luxury experience to create and customise their dream kitchen, to fit any space and environment, be it sophisticated, elegant or classic.
Perry Hanssen is the creative force behind SieMatic’s ‘Urban Living’ range, a contemporary collection of kitchens, premiered in 2015 and is also responsible for the new Pure and Classic Collection. Overall SieMatic kitchens are divided into three collections; Classic, ......read more
Meets every modern bathroom’s desire to balance functionality and aesthetic appeal
Dubai, September 12, 2018: Ideal Standard, one of the leading providers of innovative bathroom solutions operating across Europe, Middle East and Africa, has unveiled Esedra – a classic contemporary ceramic range that ticks every box in the requirement list of a modern bathroom space, which will not compromise on practicality or aesthetics.
The new line designed by Studio Levin exudes a fresh, energetic aura, clean lines and soft rounded shapes, all married together in perfect harmony. Esedra was created to meet the demands of contemporary life, offering striking design with practical levels of efficiency and unrivalled comfort right down to the smallest detail. One look at Esedra’s toilet bowls, ......read more
September 11, 2018 - Dubai UAE: A 2016 report by McKinsey & Company found that 14 percent of millennials said they would not work in the oil and gas industry because of its negative image – the highest percentage of any industry. With millennials set to comprise 75 percent of the workforce by 2025, it is imperative companies within the oil and gas industry do more to attract younger talent.
In recent years, the oil and gas industry has seen the landscape in which it operates undergo significant change, marked by a West-East shift in socio-political and economic power and influence. This shift in influence is perhaps most exemplified by the long-awaited free trade agreement (FTA) between the European Union (EU) and the Gulf Cooperation Council (GCC).
The six countries of the GCC represent an important ......read more
As per the latest industry recommendations to reinforce UAE’s prominent position
The first event of its kind that gathers decision makers in the maritime industry to discuss methods to develop the legal and procedural framework of the UAE ports in addition to improving the efficiency of its infrastructure and technology
Dubai – United Arab Emirates – 11th of September 2018: Under the patronage of the Federal Transport Authority for Land and Maritime “FTA”, Tactics Maritime Media and Marasi News have successfully arranged “The UAE Maritime Leaders Roundtable Discussion” under the theme of “To what extent do the UAE ports meet the current demands of the shipping industry?”.
The event brought together prominent UAE maritime leaders from private and government sectors ......read more
Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia
Dubai, UAE, September 10, 2018: Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia. This new venture combines Hughes deep expertise as the global leader in broadband satellite networks and services with Yahsat’s unique position and knowledge as the leader in satellite broadband solutions across these regions. Hughes will purchase a minority interest in the ......read more
Dubai, UAE, September 09, 2018: SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq.
“We continue to build on our long-term relationship with LUKOIL and to help them realize their projects successfully. Once again, we look forward to demonstrating our expertise in the delivery of professional services and our enviable reputation that has been earned in the region for over 50 years,” said Christian Brown, President, Oil & Gas, SNC-Lavalin. “We are well established in the Middle East and have worked closely with national and international oil companies and Iraq’s Ministry of Oil on projects across the value chain, ranging from professional services to engineering and ......read more
Effective 11 September 2018, employment across four sub-sectors within the retail sector in Saudi Arabia will be restricted to Saudi nationals only. Foreign nationals will be prohibited from working in forty-three different professions.
September 09, 2018: Thirteen professions across three additional sub-sectors will be subject to restrictions effective from 9 November 2018, and forty-four designations within five other sub-sectors will be affected from 7 January 2019 onwards.
Professions restricted to Saudi nationals are within the below listed sub-sectors:
From 11 September 2018 onwards:
Automobile and motorbike showrooms;
Shops selling ready-to-wear apparel, children and men’s cloths;
Shops selling ......read more
Dubai, UAE; September 06, 2018: Hormann, a leading provider of doors and gates in the region, has introduced V2012 - a specialized door for supermarkets. This fully equipped door is a safe internal door for commercial enterprises with high customer frequency. The door comes with an operator and shaft cover manufactured with standard light grille (monitoring height 350 mm) and automatic emergency opening via a counter weight. These features make the flexible plastic curtain door a safe choice for indoor areas with high customer footfall. It is also possible to print the curtain individually and customize it to match the interiors of the establishment.
Darius Khanloo, Managing Director, Hormann Middle East & Africa, adds: “V2012 door is developed to meet high safety standards demanded by the industry. It is perfect ......read more
Dubai, UAE, September 05, 2018: Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.
Further to an agreement announced on 24 May 2018, Gazprom Neft has now completed its sale of a 49-percent interest in Gazpromneft-Vostok LLC, operator of 13 fields, to Mubadala Petroleum and RDIF. Following the completion of this transaction Gazprom Neft now holds a 51-percent interest in the joint venture, with Mubadala Petroleum and RDIF holding 44 percent and five percent equity, respectively. Gazpromneft-Vostok remains a subsidiary of Gazprom Neft, and will continue to operate the fields.
The ......read more
Dubai, United Arab Emirates – 5th September, 2018: Eros Group, distributor of world-renowned brands like Samsung, Hitachi, Linksys, TCL, Midea, Sonos and many more unveiled exciting promotional offers for Midea products. This offer will run from the 6th of September till the 6th October 2018 only at Midea Showroom, Eros Digital Home, Level 2, Burjuman.
Patrons will be able to avail a free Midea product with every purchase of a Midea product. Spend (excluding VAT) AED 200 to AED 499 and get a Midea Handheld Vacuum Cleaner worth AED 99, AED 500 to AED 999 and get a Midea Hand-blender worth AED 149, AED 1,000 to AED 1,499 and get a Midea Microwave worth AED 199, and lastly spend AED 1,500 and above and get a Midea Oven Toaster Grill worth AED 299.
Mr. Niranjan Gidwani, Chief Executive Officer of Eros Group said, ......read more
Dubai, September 05, 2018: Caparol Paints, a global provider of German paint and coating solutions, provided professional training to a group of 15 Architects and Interiors stream students of Ajman University in infrastructure painting system as part of the Solar Decathlon Middle East (SDME) competition.
The team of 15 students under the name “Team Aqua Green” received training lessons from experts at Caparol in innovative painting systems using Caparol’s latest range of products. They were also taught the practical lessons on how to paint their houses by themselves. Brand experts also provided information on sustainability and sustainable paints.
The SDME was created through an agreement signed between Dubai Electricity and Water Authority (DEWA) and the Department of Energy of the USA, in June ......read more
Dubai, UAE, September 04, 2018: A collaboration between Masdar, Taaleri Energia and the German development finance institution DEG to develop the largest utility-scale commercial wind project in Serbia has successfully reached a number of key milestones, and is on schedule to start production early next year.
Čibuk 1 in Dolovo, situated 50km outside the capital Belgrade, has completed the construction of 33 overhead pylons allowing for the energisation of the wind farm’s substation, its connection to existing transmission lines 11km away, and the handover of the transmission operation building to its operator.
Comprising 57 wind turbines supplied by GE Renewable Energy, the 158-megawatt (MW) wind farm is expected to provide electricity to 113,000 homes and displace more than 370,000 tonnes of carbon ......read more
Abu Dhabi, UAE, September 04, 2018: The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week.
The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the changing energy system. The conference agenda this year will focus on the future of oil, the digitization of energy, diversification in energy companies and countries, and will have a regional focus on East Asian energy demand and energy innovation. Last year’s event brought over 450 people to Abu Dhabi from around the world, including CEOs, Ministers, global media, and industry experts.
The forum will ......read more
City Centre Mirdif opens with VIP event and weekend sales
Dubai, UAE, 3 September 2018: Danish retail chain, JYSK, pronounced ‘yusk’, has today announced the opening of its second store located in City Centre Mirdif with a grand VIP launch and family fun activities over the weekend.
Following the hugely successful opening of its debut location in Umm Suqeim earlier this year, the Scandinavian homeware pioneers are now offering consumers even more choice in their new outlet.
During the opening weekend (30th August – 1st September) families are encouraged to head down and avail the brands numerous offers as well as face painting and balloon bending for the little ones.
The new store caters to all your needs in making your house a home and boasts the city’s most ......read more
2XL also offers customers the chance to win 100 Swiss gold bars during the month of September
Dubai, UAE; 03 September, 2018: 2XL Furniture and Home Décor, the leading luxury furniture and home accessories brand in the UAE, has launched their Hemlock corner sofa set in dark grey for modern living rooms.
Hemlock corner sofa is both stylish and flexible. The polyester fabric and foam of the sofa makes for a comfortable seating experience. You can add the Hemlock ottoman to add more seating options. To create a more vibrant atmosphere, colorful cushions would be a great choice. The color of the sofa is very basic and goes very well with any wall color or wallpaper.
Joining side tables is never a bad choice, Dion and Desi golden side tables from 2XL will perfectly match with Hemlock dark grey sofa set. One can ......read more
2 September 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals.
The agreement was signed during a ceremony held at FANR’s headquarters by Christer Viktorsson, Director General of the Federal Authority for Nuclear Regulation, and Dr. Arif Sultan Al Hammadi, Executive Vice President of Khalifa University.
According to the new agreement, FANR and KU will continue their joint work on the Advanced Thermal-hydraulic Test Loop for Accident Simulation Project Phase 2 (ATLAS-2), an international project jointly organized by the Organization for Economic Co-operation ......read more
By Ole S Hansen, Head of Commodity Strategy at Saxo Bank
Dubai, UAE, June 3, 2018: Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the unfolding political crises in both Spain and Italy, together with Donald Trump’s decision to slap duties on imports of steel and aluminium from US allies while also preparing a range of tariffs on goods from China.
Both events helped increase stock market volatility while sending core bond ......read more
Dubai, UAE, June 2, 2018: The Logistics District at Dubai South has launched Masary, a new smart electronic system that reduces the transit time of goods and vehicles. The new system is considered the first of its kind in the region and will positively impact the traffic of goods and vehicles that move through the district.
The Masary system is part of the district’s efforts to adopt new technologies to facilitate businesses, which is in line with Dubai’s government policy on digital transformation that aims to enhance the emirate’s status as a leading logistics ......read more
Q1 2018 Revenues Increase 14% to US$66 million
Dubai, UAE, Wednesday 31 May 2018: Topaz Energy and Marine (“Topaz”), a leading offshore support vessel and marine logistics company, today announces its results for the three months ended 31 March 2018 (“the period”).
Dubai, UAE, May 30, 2018: ZAJEL, one of the fastest growing courier companies in the UAE, has signed a partnership agreement with OnTime Government Services to provide logistics services to various transactions at the OnTime centres.
The agreement was signed by ZAJEL CEO, Khawla Kabanji, and Waleid Abdulkareim, CEO and Founder of OnTime Group.
Khawla commented: “The agreement is important for us as it contributes to the expansion of the logistics we provide to our customers and enhances our role as a reliable company both locally and internationally. This agreement will ......read more
Dubai, UAE, May 30, 2018: One of UPS’s 747 jumbo jets dedicated for long-haul international use is sporting a modified paint scheme highlighting the company’s role as official logistics partner for Expo 2020 Dubai. UPS has only modified the livery of an aircraft four other times in the airline’s 30-year history. Each of those times signifies a major news event – this time, it’s to mark UPS’s unique role in delivering one of the world’s most complex logistics challenges at the upcoming Expo 2020 Dubai. Millions of visitors from around the world ......read more
Dubai, UAE, May 29, 2018: The International Fund for Animal Welfare (IFAW) is visiting the schools in the UAE to raise awareness on the importance of animal welfare through lively and interactive context-related presentations and activities.
The activity aims to address the negative impacts of raising wild animals as exotic pets, which is practiced in some of the Arab countries, and explains the difference between Animal Welfare and Animal Rights - teaching the students on ways to assess the welfare of the animals at home, community, or even in the wild. The program is outlined ......read more
May 29, 2018; Dubai, UAE: The act of giving is highly treasured in the UAE, and Ramadan enhances the giving spirit. Keeping the same spirit in my mind, Danube Group the UAE's largest diversified conglomerate is offering 100,000 free iftar meals during Ramadan from last 13 years to the underprivileged labourers as part of its humanitarian initiative.
The yearly initiative has been a huge success among the blue-collar workers, whose hard work often goes unnoticed, despite their diligent performance of duties while adhering to religious obligations. Additionally to fulfil one of the ......read more
PAN Emirates invests AED 4 Million on its new store spanning across 17, 000 sq. ft.
PAN Emirates Mizhar store is looking to reach out to residents of neighbouring localities with its distinct, stylish furnishing collection.
Dubai, United Arab Emirates – May 28, 2018: PAN Emirates Home Furnishings, the leading home-grown indoor, patio and outdoor furniture brand in the region, has launched a new store in Mizhar. The store that was officially launched on 27th May 2018 is its 11th store in the UAE.
The home-grown furniture brand is looking to enhance its presence in the ......read more
New facilities are located in Industrial City of Abu Dhabi and Rusayl Industrial Estate
Dubai, UAE; May 28, 2018: Tristar Group has opened two new facilities aimed at enhancing its integrated logistics services to the downstream petroleum industry in the GCC.
The new truck staging and workshop facility at Industrial City in Abu Dhabi 2 (ICAD 2) has 50,000 square meters of area offering tailor-made logistics service options to customers for transport, warehousing, storage and distribution services. It is strategically located near Khalifa Port, and the main highway ......read more
Dubai, UAE – May 28, 2018 – Mimecast Limited (NASDAQ: MIME), a leading email and data security company, has appointed Jeff Ogden as general manager for the Middle East. In his new role, Jeff will oversee the company’s UAE operations and growth in the region, and will be responsible for educating organisations about evolving cyberattacks and how to build a cyber resilience strategy for email.
Jeff has been working in technology for over 35 years, 17 of which have been in IT security. Under Jeff’s leadership, Mimecast will continue to build a strong and loyal channel ......read more
All efforts focused on preparations for safety-led nuclear operations of the UAE’s first nuclear reactor in accordance with the highest standards of a nuclear safety culture and quality assurance
Comprehensive schedule review points to start-up of nuclear operations for Unit 1 between the end of 2019 and early 2020
Abu Dhabi, UAE – 26 May 2018: Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has entered the next phase of preparation for nuclear operations. With construction of ......read more
Dubai, United Arab Emirates, 26 May 2018: DP World, UAE Region’s flagship Jebel Ali Port has underlined its position as the leading port in the region by winning the “Best Seaport – Middle East” award at this year’s Asian Freight, Logistics and Supply Chain Awards in Shanghai, China.
This is the 24th consecutive year Jebel Ali Port has won the coveted honour, a record achievement in the history of AFLAS Awards.
The award was received by DP World Officials at a ceremony attended by leading businesses in the maritime transportation, supply chain and ......read more
Dubai, UAE, May 24, 2018: The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala Petroleum will acquire a 49 percent equity stake in LLC Gazpromneft-Vostok, the operator of the fields. Mubadala Petroleum will hold a 44 percent interest and RDIF will hold the remaining 5 percent interest. Completion of the transaction is subject to ......read more
May 24, 2018 – NetApp (NASDAQ: NTAP) today reported financial results for the fourth quarter and fiscal year 2018, ended April 27, 2018.
“The fourth quarter marked a great finish to a strong year. We successfully pivoted to the growth areas of the market, expanded our opportunity with HCI and new cloud partnerships, and improved operational discipline to deliver sustained and profitable growth,” said George Kurian, chief executive officer. “Clear innovation leadership, coupled with strong go-to-market execution, has enabled us to gain share in all key product ......read more
The partnership is a testament to the synergy of core values DHL Express and Mohamed Salah share; leadership, commitment, teamwork, precision, agility, determination and service
Dubai, UAE, May 24, 2018: DHL Express, the world’s leading express logistics provider, has signed a strategic partnership for the Egyptian football superstar Mohamed Salah to become its brand ambassador for Middle East and North Africa (MENA) region for the next two years.
The new collaboration will see the parties working together on a series of marketing activities and CSR ......read more
UAE, May 23, 2018: Al Masaood Group, the official distributor of Ducati motorcycles in the UAE, has announced its latest Ducati Ramadan campaign, offering a month-long series of activities exclusively for owners and fans of the iconic Italian sport bike brand. Ducati is distributed throughout the UAE by Revolution Accessories LLC.
Al Masaood Group has lined up a series for Ducati fans and motorcyclists in the UAE such as a test ride event during the first week of Ramadan, the annual Ramadan promotional offers of up to 50 per cent discounts store wide during the second week, from May 20 to ......read more
The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer
Ras Al Khaimah, United Arab Emirates, 23, May 2018: With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale.
Launched on ......read more
70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA
Dubai, UAE, May 23, 2018: Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy Plan, per a Renewables Readiness Assessment Panama report released by the International Renewable Energy Agency (IRENA). The report was launched at high-level event in Panama City today and presented to the country’s Secretary of Energy, Dr. ......read more
Dubai, UAE, May 22, 2018: Ramadan and Eid are traditionally seasons of giving, but that doesn’t mean that gifts themselves need to be traditional. This Ramadan, it’s out with the old and in with the new as Georg Jensen presents a superbly crafted line of sleek cutlery, silverware and homeware products designed for connoisseurs.
With over a century of craftsmanship to call upon, the Danish design house creates iconic products for house and home. With minimal Scandinavian aesthetics very much en vogue, Georg Jensen’s sublime creations with smooth finishes, ......read more
Dubai, UAE, May 21, 2018: Ideal Standard, one of the leading providers of innovative bathroom solutions operating across Europe, Middle East and Africa, has released its latest stylish and versatile ceramic range, Strada II. Building on the success of the original Strada range, this collection of vessels, vanities, basins, toilets and bidets offers soft angles, fine edges and contemporary curves to help bring to life modern, beautiful bathrooms.
Created by leading industrial designers at Studio Levien, this range maintains the simplicity of the original Strada collection, while ......read more
Abu Dhabi, May 17, 2018/ADNEC/ Abu Dhabi National Exhibitions Company (ADNEC) has revealed the opening of its traditional tent, the ‘Capital Majlis’ to welcome guests for Iftar and Suhoor throughout the Holy Month of Ramadan. Now on its third year, the Ramadan Tent, which can accommodate a total of 700 people, takes up an innovative design that best reflects the significance of the Holy Month and features specific spaces for VIPs. During the Holy Month of Ramadan, the ‘Capital Majlis’ will showcase a series of events that include contests, exciting raffle draws and ......read more
UPS, DP World collaborate to enhance trade flow processes, improve customer experience
Acts as key gateway to growth in UPS’s smart global logistics network
Dubai, United Arab Emirates, May 16, 2018: UPS (NYSE:UPS) officially opened its new 32,000 square metre package sorting and delivery facility in the south east of England.
At $163 million, the new London Hub is one of UPS’s largest single infrastructure investments outside of the United States in the company’s history.
“Every single day, we see evidence of a more ......read more
May 16, 2018: The Middle East Facility Management Association (MEFMA), a non-profit association that provides a dedicated platform for facilities management (FM) professionals, wider construction industry stakeholders, and owner associations, has revealed that one of its founding members, Enova, has won a Silver Award at the recently concluded Global FM Awards 2018. The company was recognized for its excellent performance and key contributions to the FM industry--particularly its exceptional business processes and procedures. Enova, a smart integrated energy and facilities management (FM) ......read more
May 16, 2018, United Arab Emirates: Since mid-2014, the harsh cyclical downturn in oil prices has tested, and proved, the resilience of international oil majors' integrated business models. S&P Global Ratings recognizes the majors' downstream refining and petrochemical assets provided them with a cushion as cash flows from the upstream businesses, especially straight exploration and production businesses, plunged.
Those downstream businesses have since taken a backseat as higher oil prices, lower costs, and capital expenditure (capex) ......read more
After a long week at work, there’s nothing better for your body and mind than relaxing at a visit to the spa. Unfortunately, regular spa visits can quickly add up in cost, and during the colder months, most people would rather stay and relax at home. But, the good news is that you don’t have to miss out on your soothing spa visits, even if it’s freezing outside or you’re on a tight budget. There are several things that you can do to turn your bathroom into a calming, spa-like sanctuary right there in your own home.
#1. Improve the Visual Appeal:
First and ......read more
May 15, 2018 - Dubai, UAE: Established in 2008 with their first office in Al Quoz, Global Light and Power (GLP) offer bespoke lighting design solutions with upscale qualities and ideal functionality.
The locally grown company’s 1000 sq. foot showroom showcases both indoor and outdoor LED lighting solutions which include a range of existing and newly designed and manufactured products, displayed to highlight the techniques, applications and effects of each lighting fixture.
Founder and Managing Director of GLP: “It has been a great year for the team. Not only ......read more
Q1 2018 Highlights
Revenue stood at AED 693 Million
Gross Profit reported at AED 101 Million
Operating Profit reported at AED 45 Million
Achieved Net Profit of AED 7 Million
Total Projects Backlog stood at AED 5.4 Billion
UAE – 15 May 2018 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, reported today the results for Q1 2018. The overall revenue in the first quarter stood at AED 693 Million, as ......read more
Dubai, United Arab Emirates, 15 May 2018: DP World, UAE Region including Jebel Ali Free Zone (Jafza) has reaffirmed its position as the region’s top trade and logistics hub by generating 29.4 million Metric Tonnes (MT) of trade, valued at $83.1 billion in 2017.
The figures contribute 23% to the total value of trade in Dubai, 70% of the value of all Dubai’s free zone trade combined and has increased 4% year on year.
The volume of trade amounts to 97% of Dubai’s total free zone trade, 32% of Dubai’s total trade and has seen a 6% increase in trade ......read more
Visit included a tour of Ruwais Industrial Complex and Ruwais City
Investment and expansion of Ruwais to form centrepiece of ADNOC’s Downstream Strategy
Abu Dhabi, United Arab Emirates, May 15, 2018: As part of the launch of the Abu Dhabi National Oil Company’s (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, over 200 senior energy, petrochemical and private sector leaders and CEOs toured the Ruwais Industrial Complex and Ruwais City, where they viewed existing facilities and key assets and were briefed on ......read more
The company also has successfully launched the "Young Arab Cadet Program" to train and qualify Arab and National cadres in the maritime field
Dubai, United Arab Emirates, May 15, 2018: Gulf Navigation Holding PJSC, headquartered in Dubai and listed in the Dubai Financial Market entitled with “GULFNAV”, announced a 5% increase in its gross profits by the end of first quarter 2018 in comparison to the first quarter 2017.
This announcement comes consequently with the company’s successful completion of the requirements needed to make the Gulf ......read more
Dubai, UAE; May 15, 2018: Eships, a subsidiary of UAE-based Tristar Group was announced as the ‘Best Maritime Company’ at DMCC Member Awards 2018. The award celebrates successful companies operating from the DMCC freezone.
Shailesh Bildikar, Chief Operating Officer, and Sanjay Sachdev, Technical Director, received the award on behalf of Eships.
According to Balaji Nagabhushan, Group Chief Administrative Officer, Tristar Group: “DMCC is one of the leading free zones in the world and we are proud to receive this honour from them. It is a recognition of the ......read more
Dubai, United Arab Emirates, 14 May 2018:
Access World Logistics L.L.C. – a joint venture between RHS Group, Dubai and Switzerland-based Access World, inaugurated a state-of-the-art 3rd party logistics & warehousing facility on Wednesday, 09 May 2018 in the Jebel Ali Free Zone. The facility, with a storage capacity in excess of 100,000 freight tons of multiple products, has a 15,200 m2 covered warehouse with Very Narrow Aisle (VNA) racking systems as well as bulk-stowage space, and air-conditioned (220C’) as well as ambient-temperature warehousing space, plus an ......read more
Abu Dhabi: Thursday, 10 May 2018: Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the region and one of the most progressive insurers in the UAE, has released its financial results for the first quarter of 2018 ending on 31 March 2018, announcing a combined net profit of AED 26.9 million (for policyholders & shareholders before Qard Hasan provision) achieving a growth of 34% compared to AED 20.1 million for the same period last year.
The technical profit reached AED 33.5 million showing an increase of 24 % compared to AED 27 and the underwriting profit ......read more
DP World, UAE Region highlights sector-wide collaboration at GPCA Supply Chain Conference
Dubai, United Arab Emirates, 12 May 2018: Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED 16 billion in 2017.
Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting its services in the petrochemical sector at the 10th GPCA Supply Chain Conference in Dubai.
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said: “Creating ......read more
09 May 2018. Dubai, UAE: The Maritime Advisory Council, one of the initiatives under the umbrella of the Dubai Maritime City Authority (DMCA), held its third periodic meeting under the chairmanship of Mark Gistebrich, Chairman and Chief Executive Officer of Maersk in West and Central Asia, to monitor, discuss and study the challenges facing the maritime sector in Dubai for appropriate and effective solutions. The meeting forms part of the efforts to integrate and establish constructive cooperation between public and private industry leaders to push for Dubai’s transformation into a ......read more
May 8, 2018. Dubai, UAE: In line with Dubai Plan 2021 to make Dubai a leading hub in the global economy and in support of the Dubai Industry Strategy, the Dubai Maritime City Authority (DMCA) has held recently the important and exclusive “Dubai Maritime Innovation Quattro Helix Partnerships” workshop to reinforce its coordination with Government, Academicians, private sectors and research and development (R&D) institutions in Dubai to build a leading and pioneering maritime cluster, help diversify the economy, and meet the needs of the future.
Amer Ali, Executive Director ......read more
Sharjah, UAE; May 08, 2018: 2XL, the leading luxury furniture and home décor brand in the UAE, has relaunched its flagship store in Sharjah with a new look, wider selection and larger space. The 71000 square feet outlet is now one of UAE’s largest home and décor space, spread across three floors. Lavish spaces are dedicated to carefully designed living spaces, bedrooms and dining areas, making customers feel like they are walking through a palatial home.
H.E Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, officially ......read more
Agility’s Financial Results for First Quarter 2018
Q1 2018 (Million KD)
Figures in the table above have been ......read more
GAAP EPS from Continuing Operations of $0.47; Adj. EPS Increases 7% to $1.12
GAAP Net Income from Continuing Operations of $1.1B; Op. EBITDA Up 6% to $4.9B
Net Sales Rise 5% to $21.5B, driven by Segments Within the Materials Science and Specialty Products Divisions
Cost Synergy Savings of >$300MM; Run-Rate Ahead of Plan and Now on Pace to Achieve 75% Run-Rate of $3.3B Commitment by the End of the Third Quarter of 2018
DWDP Expects Op. EBITDA up ~15% in 1H18; 2Q Op. EBITDA up in all Divisions: Ag high-30s percent; Materials Science mid-teens percent; Specialty Products ......read more
May 6, 2018 - Al Falak Electronic Equipment & Supplies Co. recently extended support to the highly successful 6th East Coast Heritage Festival in Dammam, as a form of its full commitment to help promote the Kingdom’s rich traditions and lasting legacy. Al Falak was a sponsor of this year’s edition of the annual festival held at the King Abdullah Park in the waterfront of Dammam.
Various activities and events were staged to feature the province’s traditions, cultural identity, and heritage in relation with its maritime environment in a bid to attract visitors from all ......read more
6 May 2018; Dubai, UAE: UAE's leading home furnishing and improvement brand launched its biggest Danube Home Showroom on 3rd of May at Cubes Park, Mussafah, Abu Dhabi. Present at the launch were His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Mr Rizwan Sajan Chairman and Founder Danube Group, Mr Adel Sajan, Director Danube Group along with senior management of the Group. The group invested AED 50 million on this project, and this grand opening marks the 9th store in UAE.
The new store spans across 75,000 square feet of retail space, with a huge assortment of 30,000 home ......read more
Dubai Maritime City Authority (DMCA) has recently held a coordination meeting with Nakheel Marine Group to explore areas of common interest in the field of marinas, boats, waterways and sailing permits in order to provide an integrated framework to ensure compliance with the highest maritime safety standards and international best practices that would enhance competitive advantages of the maritime sector globally and regionally and strengthen Dubai’s status as a leading international maritime center. The meeting was chaired by Amer Ali, Executive Director of Dubai Maritime City ......read more
The Khalifa Fund for Enterprise Development (KFED) has joined a workshop on the implementation of Abu Dhabi National Oil Company’s (ADNOC) new In-Country Value (ICV) strategy that was launched to help stimulate socio-economic value, promote locally-made content and products, and nurture government and private partnerships in the UAE. The participation was in keeping with Fund’s vision to be at the forefront of promoting entrepreneurship among UAE citizens and enhancing the competitiveness and growth of small and medium enterprises (SMEs). During the workshop attended by a number ......read more
Independent, $2.1 billion company focuses on electrical connection and protection
DUBAI, UAE – May 3, 2018 – nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the completion of its separation from Pentair plc (“Pentair”) and its launch as an independent, publicly traded company. nVent shares will begin “regular way” trading on the New York Stock Exchange on May 1, 2018, under the symbol “NVT.”
The company has a leading portfolio of ......read more
Dubai, United Arab emirates, May 2, 2018: The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, but real progress is being made in certain areas – particularly expansion of access to electricity in least developed countries, and industrial energy efficiency, according to a new report from five international agencies.
Renewable energy is making impressive gains in the electricity sector, although these are not being matched in transportation and heating – which together account for 80% of global energy ......read more
Hand-crafted and custom-made home accessories
Dubai, UAE, May 01, 2018: Bali is the perfect destination for fans of bohemian art and design, many travel far-and-wide to the popular place in Indonesia to get their hands on the unique and hand-crated pieces. Luckily, Home and Soul have scoured the island’s furniture scene for you, offering you the best sustainable, unique and custom-made pieces here in Dubai making it easier for you to add a touch of ethnic flair to your home.
The beautiful hand-made products are made from a combination of natural materials such as rattan, ......read more
May 1, 2018- Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), threw the spotlight on the energy and cost savings achieved through successful implementation of retrofit programs by Etihad ESCO in the emirate, during his participation as a keynote speaker at the 8th MEFMA CONFEX, which was recently held in Dubai. The two-day event, organized under the theme ‘Sustainable FM Industry through Creative Value-based Innovations,’ included participation of over 500 industry stakeholders that included government representatives, developers, service providers and ......read more
New warehouse offerings for Food and Beverage clientele
Dubai, April 29, 2018: Al-Futtaim Logistics, a leading integrated logistics and supply chain solutions provider, has announced the expansion of its services with the opening of a state-of-the-art cold storage warehousing facility in Dubai.
Located at Jebel Ali South Free Zone, the multi-temperature facility has space for more than 1,600 pallets with full temperature control ranging from +18°C to -22°C. The facility incorporates world-class warehouse management technology including capturing all the ......read more
FMS Tech is now one of seven exclusive suppliers approved in OPAL’s first round of approvals
29 April 2018, Dubai, United Arab Emirates: Oman Society for Petroleum Services (OPAL) recently announced Fleet Management Systems & Technologies (FMS Tech) as one of its seven approved in-vehicle monitoring systems (IVMS) suppliers for Oil and Gas Transportation Safety Technology in its first round of approvals.
Oil & Gas Safety Standards and Regulations require multiple qualifications and approvals to be met before a company can supply to the Oil & Gas industry in ......read more
April 26, 2018- Redington Gulf, the leading distributor of technology, telecom and lifestyle products, launched the latest edition of Microsoft Surface - the Surface Laptop – for its channel partners during an exclusive event held in Dubai today (Thursday, 26th April, 2018). Along with a demonstration of the Laptop, which is now available for distribution in the UAE, Redington Gulf also provided latest business updates for Microsoft Surface Pro with LTE Advanced and Surface Book 2 to its partners at the event.
Redington Gulf had launched the new line-up of Microsoft Surface products ......read more