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    58 Brands in the UAE to receive Superbrands title at Annual Tribute Event

    Superbrands, the independent authority and arbiter of branding, announced it will host its annual tribute event to honour and recognize 58 of UAE’s strongest brands on June 27, 2018. At the event, Superbrands will also announce the highly awaited ‘Brand of the Year’ award and unveil the 14th edition of the much sought-after Superbrands book, which includes a two-page profile of each of the Superbrands. In its 14th edition, the Superbrands tribute event is considered the ‘Oscars of Branding’ by the corporate world and speaking about the event, Mr. Mike English, Director, Superbrands Middle East, said, “Marketers have always had to juggle two seemingly contradictory goals: making their brands distinctive and making them central in their category. Being acknowledged a Superbrands helps strengthens a ......read more

    Mubadala Petroleum completes the acquisition of a 10 percent interest in the Shorouk Concession in Egypt

    Abu Dhabi, 20 June 2018:   Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in the concession. The other partners in the concession are BP with 10 percent interest and Rosneft with 30 percent interest.  Dr. Bakheet Al Katheeri, Chief Executive Officer, Mubadala Petroleum signed a deed with Eni completing the sale to Mubadala Petroleum in the presence of the Egyptian Minister of Petroleum, HE Tarek El-Molla, in Cairo.  Dr. Al Katheeri said: “The acquisition of a 10 percent interest in the Shorouk concession with the producing Zohr gas field is a ......read more

    National Poll Shows Strong Support for UAE Peaceful Nuclear Energy Program

    The poll on nuclear energy conducted by independent global market research company Nielsen shows that 82 percent of UAE residents are in favor of using nuclear energy for generating electricity - the highest level of support globally Al Dhafra residents show highest acceptance levels in the UAE for the construction of the Barakah plant Abu Dhabi, UAE – 20 June 2018:   An independent national poll on nuclear energy shows the UAE public strongly supports the use of peaceful nuclear energy, with 82 percent of residents in favor of using nuclear energy for generating electricity and 91 percent stating that peaceful nuclear energy is important for the nation. Global figures from similar polls conducted in other countries demonstrate that the UAE Peaceful Nuclear Energy Program enjoys the highest acceptance levels in ......read more

    EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA

    Abu Dhabi, UAE: 17 June 2018:  Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy. Responding to the announcement made by the European Commission today, Mr. Amin said: “The EU’s decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030 is a move that consolidates Europe’s position at the forefront of the global energy transformation, and establishes a positive decarbonisation pathway in line with its commitments under the Paris Agreement. “It is also ......read more

    Kitchen Design from a Single Source: GROHE Sets Holistic Design Accents with Its New Kitchen Sinks and Bundles

    With kitchen faucets, water systems, kitchen sinks and more, GROHE becomes No. 1 Kitchen System brand and one-stop shop for perfect combinations Patented surface technology, easy cleaning and extremely resistant stainless steel for quality one can see and feel Four perfectly combined GROHE sink and faucet bundles as an end-to-end solution From price entry solutions to high end premium sinks Dubai, United Arab Emirates - 14 June 2018.   The kitchen is the heart of the home: a place to feel good, to cook together and to indulge. And there is one spot in the kitchen where everybody stops at countless times each day for filling pots, preparing vegetables and washing up after a big meal: the kitchen sink.   With its unique and high-quality kitchen sinks range, GROHE, the world’s leading provider of ......read more

    Hormann Introduces door type V3009 for integration in conveyor systems

    Dubai, UAE; June 13,2018:   Hormann has introduced door Type V3009, a high-speed roller door with a flexible curtain, designed for a high number of automated opening and closing cycles.  It can be fitted between the operating sections and the storage areas within a conveyor system.  Due to the low lateral space requirements, this door is specifically designed for integration in conveyor systems and their frequent automated opening and closing cycles. The door control can be integrated in existing PLC systems. A volt-free contact reports the door position (open / closed) to the control.  According to Darius Khanloo, Managing  Director,  Hormann  Middle  East,  “Hörmann high-speed doors are up to 20 times faster than conventional  industrial doors, which is why the ......read more

    Tristar Group's Jebel Ali warehouses receive DMCC's 5-star rating for second and third consecutive years

    Dubai, UAE; June 13, 2018:   Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively.   Shivananda Baikady, General Manager-Road Transport and Warehousing, Tristar, said: “Our specialized warehousing facilities are designed to accommodate and handle dangerous and non-dangerous goods with stringent adherence to health, safety and environmental standards.  We are proud to receive consecutive 5-star rating by DMCC  for our warehouses in Industrial Area 1 and 2. It is a reflection of excellence in our day- to-day operations. The rating is also a sound testament to our best-in-class warehousing service for major oil companies.”   All types ......read more

    DHL and Magento Partner to Help Online Merchants in the MENA Region Go Global

    DHL Named Premier Partner for Shipping by leading B2B and B2C cloud commerce platform, Magento Dubai, June 12, 2018:  Deutsche Post DHL Group, the world’s leading logistics company, today announced its collaboration with Magento, the worldwide leader in cloud digital commerce innovation, as Premier Partner for Shipping. The partnership enables DHL and Magento to offer a broad range of shipping services to e-commerce merchants, small and medium enterprises (SMEs), start-ups and online entrepreneurs in the Middle East and North Africa (MENA) region.    A study by Gartner reports that only 15 per cent of businesses in region have an online presence and 90 per cent of online shopping involves product imports from outside the region.    The study findings illustrate the immense growth ......read more

    IKEA takes sustainable living to a new level, with new commitments to become people and planet positive by 2030

    At the Democratic Design Days in Älmhult, IKEA announces new commitments to inspire and enable sustainable living - making it easier for people to reduce their climate impact and contribute to a world without waste.    Dubai, UAE, June 7, 2018:  “Our ambition is to become people and planet positive by 2030 while growing the IKEA business. Through our size and reach we have the opportunity to inspire and enable more than one billion people to live better lives, within the limits of the planet” says Inter IKEA Group CEO, Torbjörn Lööf.      Commitments for 2030 include:  Designing all IKEA products with new circular principles, with the goal to only use renewable and recycled materials Offering services that make it easier for people to bring home, care for and ......read more

    GCC must make the right decisions to harness the potential of renewable energy

    Renewable energy continues to attract an increasing share of global investment, with annual investments expected to grow by $130 billion, compared to 2016 figures, reaching around $370 billion in 2020.  Developing countries now account for almost half of all renewables investment, although to date there has been modest investment in the GCC Investment in GCC renewable energy could reach $16 billion in 2020 with a cumulative total of $40 billion between 2016 and 2020, provided the correct decisions and policies are adopted The GCC countries have considerable potential for renewable energy deployment Strategy& outlines six part framework for GCC to catch up  Dubai, UAE, June 5, 2018:   The Gulf Cooperation Council (GCC) states show great promise for renewable energy deployment, according to a recent ......read more

    Crude spreads widen; gold still looking for a catalyst

    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 yields lower and the dollar higher. At the same time, they also raised additional concerns about the trajectory of global growth, which is already showing signs of slowing.  Crude oil once again attracted most of the headlines as the market ......read more

    The Logistics District at Dubai South launches the Masary system to facilitate the transit of goods and vehicles

    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 services centre in the region. Masary is considered to be a smart, safe and innovative system that is digitally connected to Dubai Police, Dubai Customs and other relevant government departments. The system is characterized by its speedy process ......read more

    Topaz Energy and Marine Financial results for the quarter ended 31st March 2018

    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”).                                                                                                                                                       ......read more

    ZAJEL signs partnership deal with On Time Government Services

    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 benefit customers as it saves time and cost to complete transactions and facilitates delivery to customers at their residence or business premises without having to leave their office or residence, contributing to road safety.” OnTime Government ......read more

    New Sign From Above as UPS Unveils New Look for 747 Jet Ahead of Expo 2020 Dubai

    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 are expected to attend the Expo in the United Arab Emirates. During the event’s six month run, UPS will manage all of the logistics of the event, using a team of nearly 1,000 employees and a dedicated 290,000 square-foot ......read more

    IFAW Visiting International Schools in the UAE to Raise Awareness About Animal Welfare

    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 to also raise children’s awareness on the endangered animals in the MENA region, like the Barbary macaques - an endangered primate in the Kingdom of Morocco, and our efforts to protect them through “Born to be Wild”. A project ......read more

    100,000 Free Iftar Meals Served by Danube Group Every Ramadan

    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 five pillars of Islam the group offers an all-expense paid trip to a few lucky workers selected via lucky draw for Hajj and Umrah every year.  Mr Rizwan Sajan, Founder and Chairman Danube Group said:” This is one of many steps we take ......read more

    PAN Emirates Opens a New Store in Mizhar

    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 UAE and in the Middle East with an AED 4 Million investment towards setting up a new store spanning across 17,000 sq. ft. Apart from being accessible by the residents of Mizhar, Mirdiff and Warqa, it is looking to serve the residents of neighbouring ......read more

    Tristar Group opens new transport and warehouse facilities in Abu Dhabi and Oman

    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 connecting UAE with Saudi Arabia.   “Our new facility in Abu Dhabi reinforces our confidence in investing in the UAE economy which is expected to further strengthen with the UAE Government’s recent regulations extending visa tenure, ......read more

    Nawah Energy Company Enters Next Phase of Preparations for Barakah Unit 1 Nuclear Operations

    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 Unit 1 recently completed by the Emirates Nuclear Energy Corporation (ENEC) and Joint Venture partner, the Korea Electric Power Corporation (KEPCO), Nawah has completed a comprehensive operational readiness review to generate an updated schedule for ......read more

    Jebel Ali Port Wins Record 24th Consecutive Aflas Award

    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 logistics and trade sectors. Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said: “Winning this award confirms again our commitment to our customers, people and stakeholders. Quality of service has built a ......read more

    RDIF, Mubadala Petroleum and Gazprom Neft announce a joint venture to develop Siberian oil fields

    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 customary regulatory and internal approvals. The corresponding agreement was announced today at the St. Petersburg International Economic Forum. Proved and probable reserves of hydrocarbons in the fields are about 40 million tons (approx. 300 ......read more

    DHL Express Announces Egyptian Football Superstar Mohamed Salah as Brand Ambassador for the MENA Region

    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 initiatives that reinforce the synergies between the core values of DHL Express as a business and Mohamed Salah.   It was announced on 23 May at a press conference held in England in the presence of senior DHL Express officials, distinguished ......read more

    Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras Al Khaimah, Reveals Rakpa Chief Executive

    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 1 April 2018 to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK Licensing Round is proving to be popular, with many firms already taking advantage of the data rooms being facilitated by ......read more

    Regulatory Reform Key to Meeting Renewable Energy Targets in Panama

    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. Victor Urrutia. A central recommendation of the report calls for amendments to the country’s regulation of Power Purchase Agreements (PPAs) for variable renewable energy sources, such as solar and wind. Currently, these renewable energy ......read more

    Other Top Stories from Others
     
    Etihad ESCO signs service agreement with Jamal Al Ghurair Group for its first retrofit project in Abu Dhabi

    June 20, 2018 - Etihad ESCO, the leading energy service company, announced the signing of an agreement with Jamal Al Ghurair Group to retrofit two of their industrial facilities in Abu Dhabi- Gypsemna and Porcellan. Etihad ESCO and Jamal Al Ghurair Group formed the partnership after identifying the enormous energy savings potential of the project. Being the first retrofit program to be undertaken by Etihad ESCO in Abu Dhabi, the project is set to pave the way for increased adoption of retrofit measures in the capital. Jamal Al Ghurair Group is a diversified family-owned group with ......read more

    Gulf Craft Strengthens Their Team for Growth

    Gulf Craft has appointed Gregory Yeakle to be their new Chief Executive Officer. One of the world’s largest luxury ship builders, Gulf Craft is based in the United Arab Emirates. The group has grown into a leading global business over the course of the past 37 years. He succeeds Erwin Bamps who held the position for the past 4 years and has now moved on to a new role as advisor to the board for international matters. Gregory Yeakle joins Gulf Craft as CEO with a solid record of leadership having generated strong growth in companies such as Informix, Alexander Proudfoot Company and ......read more

    Mimecast Appoints General Manager for Middle East

    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

    NetApp Reports Fourth Quarter and Fiscal Year 2018 Results

    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

    Al Masaood Group brings together motorcycle enthusiasts during Ducati Ramadan campaign

    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

    Give the gift of artistic boldness with Georg Jensen home decor this Ramadan

    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

    Ideal Standard's Strada II Range Sets New Standards in Design

    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

    ADNEC opens its Ramadan Tent ‘Capital Majlis'

    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 Launches Flagship $163 Million Hub in Dp World London Gateway Logistics Park

        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

    MEFMA receives Silver Award at Global FM Awards 2018

    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

    Big Oil Production Is Still Growing Despite Capex Cuts

    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

    How to Turn Your Bathroom into a Relaxing Home Spa

    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

    Global Light and Power Celebrates 10 Years with the Opening of their New Showroom in Dubai

    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

    DSI Enhances Net Profit in Q1 2018

    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

    JAFZA GENERATES OVER USD 83B IN TRADE

    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

    Over 200 Senior Energy, Petrochemical and Private Sector Leaders and CEOs Tour Ruwais As Part of the ADNOC Downstream Investment Forum

    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

    “Gulf Navigation Holding” achieves AED 10 million gross profit during Q1 2018

    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

    Tristar's Eships Wins ‘Best Maritime Company' Award from DMCC

    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

    Access World Logistics Opens Facility at Jafza with AED 40 Million Investments

    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 National Takaful Co. PSC Announces a Combined Net Profit of AED 26.9 million in Q1 2018 Achieving 34% Growth in Profitability

    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

    JAFZA'S PETROCHEMICAL COMPANIES GENERATE AED 16 BILLION

    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

    Maritime Advisory Council discusses industry challenges and opportunities of Maritime sector during third periodic meeting

    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

    DMCA adopts ‘Dubai Maritime Innovation Quattro Helix Partnerships' to promote local maritime sector

    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

    H.E Sultan Al Suwaidi opens 2XL's 71000 sq.ft refurbished Sharjah flagship store

    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 Earnings Release Q1 2018

    Agility’s Financial Results for First Quarter 2018     Q1 2018 (Million KD)     Q12017(Million KD) Variance  (%) Revenue  371.8 320.5 +16% Net Revenue 124.6 110.8 +12.5% EBITDA  37.7 30.8       +22.6%  Net Profit  18.9  14.6  +29.8% EPS (fils)  15.2  11.6  +30.3%     Figures in the table above have been ......read more

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