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    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

    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, streamlined curves and svelte shapes fit the order of the day.  So whether you opt for the smooth yet playful complexity of the Indulgence Strawberry Bowl, add the functional minimalism of a Koppel clock to your walls, or opt for the timeless ......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 offering a softer, lighter design in line with current tastes and trends. Today’s consumers want flexible products to fit any bathroom design. That’s why all products in this range perfectly complement each other to fashion a perfectly ......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 inter-connected world of commerce. And we are delighted that UPS continues building upon its relationship with Dubai-based DP World to explore new international opportunities,” commented Rami Suleiman, newly appointed UPS President of the ......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) help upstream performance recover. Nonetheless, one of the concerns arising from the industry downturn has been whether the largest oil companies have been underinvesting, as a result of the huge capex cuts since 2014. In our view, ......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 foremost, the easiest way to make improvements to your bathroom is to upgrade the visuals. Decorating is vital for getting a spa-like style for your bathroom space; most spas tend to go for a ‘less is more’ approach since a minimal style can ......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 were we able to open our doors to the public as per the scheduled date, but we also managed to simultaneously work on designing new products and creating a brand new premium catalogue highlighting our capabilities and extensive range of ......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 year-on-year.The total traded volume of 29.4 million MT is the highest since 2013. Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “This is a proud moment for Jafza as our free zone continues to lead Dubai’s trade sector ......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 a number of future development plans.   The expansion of the Ruwais Industrial Complex and Ruwais City is at the heart of ADNOC’s strategy to deliver a more valuable downstream business. Located in the strategically important Al ......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 Navigation compliant with the Islamic Sharia laws listed in the Dubai Financial Market.  The company has released its recent financial reports representing continuous growth in its financial performance. Gross profit has reached AED10.15 ......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 company’s achievements and the technical and safety standards by which we operate.” Eships owns and operates a modern fleet of products/chemical tankers and LPG vessels. The company strives to deliver safe, reliable and environmentally ......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 open-storage yard of about 7,500 m2. The fast-track project was completed in less than 10 months from the ground-breaking, which was held in July 2017. The logistics company is also in the process of commissioning a 1 MWp roof-top PV Panel system to meet ......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 better supply chains depends on industry collaboration and sharing of knowledge to help the sector identify and resolve inefficiency. Real-time data is now the norm and the need for collaboration grows as well. we understand the value it offers and are ......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 opened the new outlet in the presence of VIP guests and customers. Mr. Suood Al Sadi, General Manager, 2XL Furniture and Home Décor, said: “Our Sharjah store was one of our first outlets when we established 2XL to cater to a demand for ......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 rounded    Dubai, United Arab Emirates, May 8, 2018:  Agility, a leading global logistics provider, today announced its Q1 2018 financial results, reporting a net profit of KD 18.9 million, or 15.2 fils per share, an increase of 29.8% over Q1 ......read more

    H.E. Sheikh Nahyan bin Mubarak Al Nahyan inaugurates Biggest Danube Home Showroom in Abu Dhabi

    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 furnishing and improvement products and 200 parking slots. The design, colour, product categories, clearly marked signage and friendly sales staff will definitely provide you with an exceptional shopping experience. The store is poised to cater to ......read more

    nVent Announces Completion of Separation from Pentair

    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 electrical enclosures, electric heat tracing solutions, complete heat management systems, and electrical and fastening solutions that connect and protect critical systems across the globe where the cost of failure is high. Its innovative electrical ......read more

    Progress on Global Energy Goals Slow, but Strong Gains in Countries Show Promise

    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 consumption.  While global trends are disappointing, recent national experiences around the world offer encouraging signs. There is mounting evidence that with the right approaches and policies, countries can make substantial in clean ......read more

    Introducing the Bali Collection at Home and Soul Dubai

    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, cotton, coconuts, wood and bamboo, that are all sourced from all over the island. Offering an array of beautiful furniture from vintage-looking chandeliers, contemporary dining chairs and gorgeous woven home accessories and textures, all to ensure to ......read more

    Al-Futtaim Logistics opens cold storage facility

    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 attributes of the products combined with double-deep storage which optimises space and enables high throughput. The new facility has been designed for piece and pallet picking for speed-to-market orders. Customers utilizing the cold storage facility can ......read more

    FMS Tech has been approved as an official in-vehicle monitoring system (IVMS) supplier in Oman

    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 Oman. This is due to several high-risk operations, that are potentially dangerous, if not managed and regulated properly. OPAL has also created an advanced set of criteria for various Oil & Gas operating standards. One of these is solely ......read more

    UAE Partakes in First Jordan International Agricultural Forum and General Assembly Meeting of the Arab Organization for Agricultural Development

    April 28, 2018 United Arab Emirates:  The UAE, ably deputized by the Ministry of Climate Change and Environment (MOCCAE), participated in the first Jordan International Agricultural Forum and the 35th session of the General Assembly of the Arab Organization for Agricultural Development (AOAD) in the Dead Sea region, Jordan on April 25 and 26.  The UAE’s deputation was presided by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, and comprised of high-level officials from the Ministry as well as representatives of the private sector. His Excellency Dr Al Zeyoudi attended the Forum and associated exhibition and held bilateral meetings with several Arab ministers concerned with environment and climate change to discuss further areas of cooperation in agriculture, livestock ......read more

    Other Top Stories from Others
     
    Government of Ras Al Khaimah Makes Key Appointments to Ras Al Khaimah Petroleum Authority

    - Nishant Dighe Chief Executive Officer of RAKPA Ras Al Khaimah, United Arab Emirates, 19 April 2018:   After the recent announcement of the Government of Ras Al Khaimah appointing His Highness Sheikh Ahmed Bin Saud Bin Saqr Al Qasimi as Chairman of Ras Al Khaimah Petroleum Authority (“RAKPA”), Nishant Dighe is appointed as Chief Executive Officer of RAKPA. Nishant Dighe, also the Chief Executive Officer of RAK Gas, is appointed to RAKPA on an interim basis until completion of the award of the petroleum rights under RAK’s 2018 petroleum licensing round ......read more

    2XL Launches Special Edition Collection for the Holy Month of Ramadan

    Dubai, UAE; April 19, 2018: 2XL, the leading luxury furniture and home décor brand in the UAE, has launched a limited-edition décor collection for the month of Ramadan. Beautiful collection of serving bowls with lunar motifs and decorative Ramadan lanterns will be ideal for get together events with family and friends during Ramadan.  According to Amit Yadav, Marketing Manager of 2XL, “Visiting family and friends, gifting and dining together are part of the month of Ramadan. At 2XL, our creative team of designers have put together a thoughtful collection for the season, ideal for ......read more

    Caparol Paints introduces advanced German technology spray plasters in the UAE

    Dubai, April 17, 2018:   Caparol Paints, a leading player in the global paints industry, has expanded its portfolio with the launch its own line of advanced generation SprayPlaster system. Caparol has been at the forefront of adopting new technologies, which complement the local market conditions. Caparol SprayPlaster system, works as a rectifier and leveler for irregularities in buildings.  Caparol SprayPlaster is a pre-mix acrylic-copolymer based, high-build, all-purpose filler/skim coating which is semi-smooth plaster for concrete surfaces. The SprayPlaster can be used ......read more

    Mumzworld Announce Recruitment Drive To Empower Women in the Middle East

    Multiple Full & Part Time Jobs with Flexible Working Hours Available, Helping Mothers to Return to the Workplace  Dubai, UAE, April 16, 2018:  Mumzworld, the region’s leading e-commerce platform for all things mother, baby and child, has taken yet another innovative step in helping to empower mothers with the re-introduction of their pioneering and highly successful ‘return to work’ programme for qualified and professional mums who are looking to return to the workplace. The initiative introduced by the leading award-winning company that was founded by ......read more

    Robust IT infrastructures to aid UAE businesses in ensuring compliance with GDPR

    April 16, 2018 - The widespread adoption of digitization initiatives across the Middle East has also resulted in the growing vulnerability to cyber-attacks. The Telecommunications Regulatory Authority (TRA) alone foiled a total of 86 cyber-attacks against government, semi-government and private sector entities in the UAE during the first two months of 2018. If adequate measures are not taken to mitigate the risk, cyber-attacks will continue to disrupt the progress of digital transformation, which can in turn slow down economic growth. In the light of continuing cyber threats, immediate ......read more

    Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds

    DUBAI – April 16, 2018:   Dubai-based Al Kasir Group launched three Crypto assets backed by certified diamonds. Al Kasir Jewellery Trading and Al Kasir portal, a joint venture under the private office of His Highness Sheikh Ahmed Bin Obaid Al Maktoum, announced the launch of the innovative diamond trading model using the blockchain technology for the first time in the world.  Al Kasir Group, a joint venture under the private office of His Highness Sheikh Ahmed Bin Obaid Al Maktoum and Dr. Amit Lakhanpal, Indian entrepreneur, property developer and director of the Al ......read more

    ADNEC hosts Abu Dhabi familiarization trip for North American delegation

    Abu Dhabi National Exhibitions Company (ADNEC) hosted an international delegation from North America with the aim of familiarizing them with Abu Dhabi National Exhibition Centre as a preferred destination for meetings, incentives, conferences and exhibitions (MICE) and creating more awareness about its world-class facilities, cutting edge infrastructure and strategic location. During the visit, which was organized in cooperation with the Abu Dhabi Convention Bureau and Etihad Airways, Khalifa Al Qubaisi, the Acting Chief Commercial Officer of ADNEC, highlighted the immense potential of the ......read more

    Dubai's diverse food scene takes centerstage at Waterfront Market

    What could make the highlight of your weekend better than celebrating Dubai’s diverse food cultures? Indulge in gastronomic heights that no other city in the world can offer at the upcoming Waterfront Market Food Festival hosted by the Waterfront Market, the latest fresh food marketplace and eating joint along the Deira Corniche.   The rich variety of cuisines and innovative twists to tease your palates will take place starting April 27, 2018, featuring exotic Asian choices - from the authentic Filipino fusion to the truly stirring Chinese dishes and lip-smacking Indian ......read more

    Awaidha Al Marar applauds success of operating Taweelah A2 by UAE Nationals

    UAE, April 10, 2018 – H.E. Engineer Awaidha Murshed Al Marar, Chairman of the Department of Energy - Abu Dhabi, lauded the Emirates CMS Power Company’s (ECPC) initiative aimed at managing and operating Taweelah A2 in Abu Dhabi by UAE Nationals for one month, noting that its success in achieving its objectives further boosts Emirati employees to handle leading roles in the future within Abu Dhabi’s energy sector.  Al Marar’s statement came after the success of ECPC’s recent initiative to handover the full management and operations of Taweelah A2 to UAE ......read more

    Ideal Standard's latest innovation CONNECT AIR offers contemporary design and unmatched water efficiency

    Ideal Standard’s latest innovation CONNECT AIR offers contemporary design and unmatched water efficiency Connect Air mixers significantly cuts down on water consumption with no loss of flow – the perfect solution to coincide with Earth Day Ideal Standard, which has carved a niche as one of the leading providers of innovative bathroom solutions operating across Europe, Middle East and Africa, has taken its trend-setting innovation and water expertise to a new level with CONNECT AIR range of mixers, offering a perfect mix of form and function - exquisite design and ......read more

    Final Dome Structure Completed at Barakah Nuclear Energy Plant

        Construction of Reactor Containment Building Dome Structure for Unit 4 successfully completed; the final unit of the Barakah Plant     Unit 4 Reactor Coolant Loop (RCL) pipe welding and setting of key equipment also completed Abu Dhabi, United Arab Emirates, 10 April 2018:  Reaching another milestone in the development of the Barakah Nuclear Energy Plant, the Emirates Nuclear Energy Corporation (ENEC) has successfully completed the Reactor Containment Building (RCB) dome for Unit 4, the final unit of the Barakah Nuclear Energy Plant, located in the ......read more

    Mubadala Petroleum Signed Andaman I PSC in Indonesia

    Abu Dhabi, 09 April, 2018:  Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round.  Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed last week. The Andaman I and II PSCs are adjacent and located in the underexplored but proven North Sumatra basin offshore Aceh, a region that Mubadala Petroleum has been involved in since 2011 through joint study agreements.  The ......read more

    Etihad Energy to host the 4th Annual RetrofitTech Dubai Summit and Awards

    April 8, 2018 - In line with their collective efforts to make Dubai a leading example of energy efficiency for the region and the world, Etihad Energy Service Company (Etihad ESCO) and TAQATI- the dedicated program management office for the Dubai Demand Side Management (DSM) strategy - are hosting and strategically endorsing the 4th Annual RetrofitTech Dubai Summit and Awards on April 10 and 11, 2018. The event, scheduled to take place at Roda Al Bustan Hotel, Dubai, will showcase some of the latest innovation and retrofit technology being introduced to the market and shed the light on more ......read more

    Global Renewable Generation Continues its Strong Growth, New IRENA Capacity Data Shows

    Sector adds record 167 gigawatts (GW) of generating capacity, expands 8.3% in 2017 Abu Dhabi, UAE, 07 April 2018:   By the end of 2017, global renewable generation capacity increased by 167 GW and reached 2,179 GW worldwide. This represents a yearly growth of around 8.3%, the average for seven straight years in a row, according to new data released by the International Renewable Energy Agency (IRENA).  Renewable Capacity Statistics 2018 is the most comprehensive, up-to-date and accessible figures on renewable energy capacity statistics. It contains nearly 15,000 ......read more

    Agility Wins Prestigious Sheikh Khalifa Excellence Award

    Award Recognizes Business Excellence and Best Practices in the UAE ABU DHABI, UAE – April 4, 2018 –   Agility, a leading global logistics provider, received the Silver Award for business excellence at the Sheikh Khalifa Excellence Award (SKEA), held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.  The award was presented to Agility at a ceremony held at the Emirates Palace, Abu Dhabi. Agility Abu Dhabi was recognized for its excellence in quality and ......read more

    Ensuring water security for future generations is the biggest challenge, says Suhail Al Mazrouei

    Dubai, United Arab Emirates, April 3, 2018:  The biggest challenge for the UAE’s Minister of Energy and Industry is ensuring water security for the country’s future generations.  Speaking at the inaugural edition of the Global Leaders Forum, held in Dubai on April 3, 2018, His Excellency Suhail Al Mazrouei, the UAE’s Minister of Energy and Industry, said, “The UAE has already put in place a strategy to reduce water consumption. This is the priority for everyone to look at now for the sake of future generations.” “We need to stop ......read more

    DHL launches cargo bike delivery service in the UAE

    An initiative of DHL’s ‘GoGreen’ program, the cubicycle will help reduce emissions by minimizing mileage and time spent on the road by standard delivery vehicles Dubai, United Arab Emirates, April 03, 2018:  DHL, the world’s leading international delivery services provider, is transforming its approach to delivery services by piloting a kinetic energy based cargo bicycle program for inner-city deliveries in the UAE.  The DHL cubicycle is a customized four-wheel bike that is designed and able to carry containers with a load of 125 kilograms. The ......read more

    Government of Ras Al Khaimah Launches Petroleum Licensing Round

    Ras Al Khaimah, United Arab Emirates, 2 April 2018:  The Government of Ras Al Khaimah has announced the official launch of RAK’s 2018 petroleum licensing round (the “Licensing Round”) and the establishment of the new Ras Al Khaimah Petroleum Authority – the regulator responsible for the Licensing Round tendering process and ongoing management of petroleum rights.   These actions reflect the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, regarding the development of the Emirate and its ......read more

    Artisan wood collection to add a classic touch

    Dubai, April 02, 2018:   United Furniture, a leading furniture and furnishings brand in the UAE has launched the perfect wooden furniture and décor. Wooden furniture and accessories have sustained the changing times and trends of contemporary interior design and room decorating with various offerings that add a rustic feel to a room.  United Furniture’s new collection consists of beautifully carved centerpieces, attractive lamps, funky wooden mirrors, frames, wooden accent chairs, stylish units, wooden frames for beds and fancy wooden vases.  Commenting on the ......read more

    HBMSU's Board of Governors holds 2nd meeting & praises the launch of school of Artificial Intelligence

    UAE, March 31, 2018 - H.E. Lieutenant General Dhahi Khalfan Tamim, Deputy Chief of Police and Public Security in Dubai and Chairman of Hamdan Bin Mohammed Smart University’s (HBMSU) Board of Governors (BOG), headed the 2nd meeting of the university’s BOG for 2017/2018. The meeting held recently in Dubai discussed the three agreements entered into by the university with three government bodies as well as launch of the ‘Entrepreneur Club.’ It was also an opportunity to showcase the university’s efforts to promote smart education, digital transformation within the ......read more

    SUC Organized a Seminar on Case Studies and Research

    Dubai, UAE, March 31, 2018:  Skyline University College hosted the National Seminar on Case Studies and Research on March 26, 2018 at SUC campus. The Chief Guest of the event was Dr. Faisal Ali Mousa, Chairman of FAM Holding. Dr. Mousa delivered a motivational speech where he shared his experiences of a journey starting from 3000 dirhams to 3 billion dirhams. He talked about the challenging times of his career as well as the strategies and the principles he always adhered to.  SUC Professor, Dr. Gouher Ahmed was the first speaker of the seminar who discussed the topic, ......read more

    DSI announces the appointment of Group Chief Executive Officer

    Dubai, UAE – March 29 2018 – The Board of Directors of Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, announced the appointment of Dr. Fadi Feghali as the Group Chief Executive Officer, with effect from 1st of April 2018. Dr. Fadi currently manages DSI’s international business units since joining the company in October 2017, and he will be overseeing all aspects of strategy and business implementation for the global DSI Group of companies in his new role. Dr. Fadi is widely ......read more

    Torresol Energy Celebrates Ten Years of Solar Thermal Power Generation

    Collaborative Masdar- and SENER-backed solar company has paved the way for the development of more efficient concentrated solar power (CSP) technologies Dubai,UAE, March 29, 2018: In the ten years since it was established through a collaboration between Masdar, Abu Dhabi’s renewable energy company, and SENER, the Spanish engineering and technology specialist, Torresol Energy has steadily pursued its mission to improve the competitiveness of large-scale concentrated solar power (CSP) plants. Since 2008, the 60/40 joint venture between SENER and Masdar has demonstrated that the ......read more

    Gulf Oil Middle East partners with Al Naboodah Group Enterprises to enhance its UAE distribution network

    DUBAI – March 29, 2018:   Gulf Oil Middle East Ltd (GOMEL), a part of Hinduja Group and a wholly owned subsidiary of Gulf Oil International Ltd (GOI), announced its strategic partnership with Al Naboodah Group Enterprises (ANGE), one of the leading conglomerates in the UAE. Under the agreement, ANGE will distribute Gulf Oil’s entire range of automotive and industrial lubricants in the UAE, in both B2B and B2C market segments.    Gulf Oil is an iconic global brand with presence in more than 110 countries, producing and marketing a comprehensive range of high ......read more

    DSI to Issue a Convertible Sukuk in Q2 2018 in Succession of the Recapitalization Program

    Dubai, UAE – March 28, 2018 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, announced today that it is targeting to issue a sukuk convertible into equity in Q2 2018. On 27 March 2018, the DSI Board of Directors approved plans for the issuance of convertible sukuk with an indicative value of minimum AED 450 Million or the equivalent in other currencies, as private placement or public issuance to be converted to shares over a maximum period of 5 years, at a price of AED 3 per ......read more

    Renish Group officially launches Alaska International with higher storage capacity

    March 27, 2018 - Renish Group, a growing company in oil space, has officially launched its Hamriyah port-based storage facility in the UAE, the Alaska International FZE, with higher capacity at 22 tanks as part of its continuing efforts to boost its storage ability and expand its operations in the Middle East.   Renish Group acquired Alaska International in 2013 with just 60,000 m3 capacity for petroleum products. In just a few years, the company has increased its storage capacity to 125,000 m3 spread across its 22 tanks in light of expanding its operations in the region for base ......read more

    Alliance for Youth Launches in Saudi Arabia, Plans to Impact 50,000 Youth and Employ 3,000 by 2020

    Dubai, 27 March 2018:   An Alliance for Youth bringing together companies and other entities interested in helping young people in the region enhance their skills and develop their careers is launching in Saudi Arabia, contributing to the regional commitment to impact 50,000 and employ 3,000 local youth by 2020.    The Alliance in Saudi Arabia, coming two years after the regional launch based on a model created by Nestlé Middle East; is starting off with partnership between Alawwal Bank, Ikea, Mayar (Muhaidib Foods), Nielsen, Savola, Tamer Group, and the University of ......read more

    ENEC Showcases Opportunities in the UAE Peaceful Nuclear Energy Program at National Service Career Fair

    ENEC’s wide range of technical scholarships offer talented students the opportunity to develop nuclear-related skills and acquire hands-on experience Abu Dhabi, UAE – 27 March 2018:   The Emirates Nuclear Energy Corporation (ENEC) and its operating subsidiary Nawah Energy Company (Nawah) have offered a wide range of scholarships and showcased unique career opportunities to Emiratis at the National Service Career Fair, that took place at the Abu Dhabi National Exhibition Centre (ADNEC) between 25 and 27 March 2018. ENEC and Nawah presented a wide range of ......read more

    Dream Job Alert: Airbnb Is Looking for A Luxury Home Consultant on LinkedIn

    Abu Dhabi, 27th March, 2018:   Do you pride yourself on being a connoisseur of all things luxury? Airbnb is looking to hire a luxury home consultant based in Abu Dhabi. The hospitality brand posted a job description for the role on global careers site LinkedIn earlier this month.  The job posting states that the role is for the Luxury Retreats arm of Airbnb and would involve the candidate going through detailed inspections of the Luxury accommodation, being Airbnb’s eyes on the ground in terms of ensuring the standards and quality of homes. The position is only for ......read more

    Masdar and Korea Energy Agency to explore renewable energy collaboration and investment

      Abu Dhabi, United Arab Emirates, 27 March 2018:  Masdar, Abu Dhabi Future Energy Company, announced the signing of a memorandum of understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the Republic of Korea and the United Arab Emirates (UAE).  Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer (CEO), and Dr. Nam Hoon Kang, President and CEO of KEA, signed the MoU, which coincided with the President of the Republic of Korea Moon Jae-in’s four-day visit to the UAE and his first to the Middle East ......read more

    ADNEC's Internet Excellence Program ‘The Capital Awards' to further adopt excellence as a culture

    The Abu Dhabi National Exhibitions Company (ADNEC) has announced the launch of the second edition of its ‘Internal Excellence Program – The Capital Awards,’ an ideal and strategic platform designed to help encourage its employees to adopt principles and concepts of excellence while also creating an environment that seeks to promote innovation in support of the development and growth of the company. The latest edition of the award reflects Abu Dhabi Award’s Excellence model, which can be seen across its different categories comprising the Ideal Department category, ......read more

    Dubai Customs offers 132 jobs at 3rd National Service Fair 2018

    Dubai – 26 March 2018:   Following the wise directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan of empowering UAE citizens and providing them with jobs within a holistic strategy and approach that supports the UAE Vision 2021, Dubai Customs is participating in the 3rd National Service Career Fair 2018.  The 3-day event is organized by the National Service (NSR) from 25th March to 27th March 2018 at the Abu Dhabi National Exhibitions Centre (ADNEC) in Abu Dhabi. It intends to open communication channels between graduates of the National Service ......read more

    Software AG & IDC partnership to discuss ‘Smart Services Transformation in the Public Sector'

    March 25, 2018 - Software AG, a global leader in enterprise architecture, IT & business transformation, agile processes, IoT and big data, has announced that it has partnered with IDC to hold the ‘Smart Services Transformation in the Public Sector’ aimed at helping government organizations implement scalable smart services. The one-day event to be held at the Burj Al Arab in Dubai on March 27, 2018, will explore the latest trends in smart services transformation and present case studies and best practices by the public sector in the UAE and other countries. Leading UAE ......read more

    LinkedIn Data Reveals Skills Mismatch for Sales Professionals in the UAE

    UAE sales professionals list more relationship-based sales skills in their LinkedIn profiles  Data reveals Skills Mismatch between sales skills UAE employers are seeking and skills being listed on LinkedIn In addition, data shows an increase in social selling through the platform  Dubai, United Arab Emirates, 25 March 2018:  An in-depth analysis by LinkedIn about sales professionals in the UAE has revealed key supply and demand issues within the UAE sales job market, stressing the need for UAE sales professionals to develop more ‘hard ......read more

    Geopolitics lift oil and gold while hurting copper

      US places $50 billion worth of tariffs on Chinese goods     Sanctions in focus on appointment of Iran hawk John Bolton     Crude oil trades higher, industrial metals retreat Dubai, UAE, March 25, 2018:   Global growth is in the crosshairs as the US and China square off in a trade war.  By Ole Hansen The geopolitical stage looks increasingly awful following President Trump's decision to slap tariffs on $50 billion of China-made goods. China immediately responded by targeting $3bn of US exports while contemplating additional ......read more

    Multisource Security Analytics on AI: Your Solution to the Modern Cyber Threat Landscape

    Written by Vinod Vasudevan, co-founder & CTO at Paladion The increasingly-complex, data-flooded threat landscape has created new challenges for cyber security. Attacks and attackers are no longer known, and must be uncovered in near real-time. The threat landscape has changed. Organizations have more vulnerability points than ever—and these will only grow as organizations increasingly embrace the cloud, mobile, and the IoT. Cybercriminals now exploit this wealth of vulnerability points through sophisticated, high-volume, multi-dimensional attacks that produce a flood of threat ......read more

    IRENA to Help Deliver Low-Carbon 2022 Winter Olympics in Zhangjiakou, China

    International Renewable Energy Agency to support Zhangjiakou, in Hebei Province,  become China’s first energy transition pilot city Dubai, United Arab Emirates, 24 March 2018:  The International Renewable Energy Agency (IRENA) has today signed a co-operation agreement with the People’s Government of Hebei Province, China to provide the city of Zhangjiakou with a renewable energy roadmap that will support its ambition to deliver a low-carbon Winter Olympics in 2022. The agreement will also help the city become China’s first energy transition pilot city. ......read more

    Masdar celebrates fifth anniversary of flagship Middle East solar energy project Shams 1

    Abu Dhabi, United Arab Emirates, March 22, 2018:  Shams Power Company, the developer, owner and operator of the UAE’s first large-scale solar power project, Shams 1, is celebrating five years of uninterrupted electricity generation at the plant this month.  Located in Al Dhafra, Abu Dhabi’s western region, the 100 megawatt-capacity (MW) Shams 1 was the largest concentrated solar power plant in the world at the time of its inauguration in 2013 and the first plant of its kind in the Middle East & North Africa. It also represented the world’s largest ......read more

    Pegaga Gas Development in Malaysia Approved

    Abu Dhabi, 21 March 2018:  Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia. The project will now proceed to the construction and installation stage. Mubadala Petroleum is Operator of Block SK 320 with 55 percent interest, PETRONAS Carigali holds 25 percent, and Sarawak Shell Berhad 20 percent interest respectively. Mubadala Petroleum and its partners are expected to invest in excess of USD 1 billion into the ......read more

    Caparol Paints unveils colours for the season

    The leading German paint brand has introduced colours and textures to redefine homes and other spaces this summer Dubai, March 21, 2018:   Caparol Paints, a leading player in the global paints industry, has introduced its summer shades for 2018. The summer colours are inclusive of a wide palette of pastel and bright shades. Caparol Paints has gone big with colours that create soothing and stylish effects while adding aesthetically to the most inclusive quality of a space - paint. Caparol has aptly named the shades according to the colours and are categorized under core shade ......read more

    CEO of Etihad ESCO Ali Al Jassim Statement on International Happiness Day 2018

    Dubai, 19 March 2018 - “The UAE has been ranked in the 20th place of the World Happiness Report, in addition to being listed as the happiest country in the Arab World for the fourth consecutive year in the UN Sustainable Development Solutions Network's 2018 World Happiness Report, ahead of the United Nations International Day of Happiness. True happiness arises from self-compassion as well as compassion towards others and the importance of happiness and wellbeing of communities cannot be overlooked in the context of sustainable development.  Advocates of sustainable development ......read more

    Dubai launches an Integrated Energy Efficiency Training Program

    TAQATI, the dedicated Program Management Office for the Dubai Demand Side Management (DSM) strategy and which is set up under Etihad Energy Service Company (Etihad ESCO), entered into a partnership with the British University in Dubai (BUiD) for the Dubai Energy Efficiency Training Program as part of its mandate. Etihad ESCO CEO Ali Al Jassim signed the agreement with BUiD Vice Chancellor Prof. Abdullah Al Shamsi during a ceremony organized at Etihad ESCO’s headquarters on 18 March 2018 to formally seal the deal.   The Dubai Energy Efficiency Training Program is an ......read more

    HMBSU partners with Dubai Committee of Military Human Resources to boost human resources development

    UAE, March 19, 2018 - Hamdan Bin Mohammed Smart University (HBMSU) recently hosted a delegation from the Dubai Committee of Military Human Resources led by Major General Muhammad Saad Al Sherif, Assistant Commander for Administrative Affairs, Chairman of Dubai Committee of Military Human Resources, in line with its efforts to promote cooperation in human resources (HR) development, following the nation’s wise leadership which sees its national human resources the real wealth of the nation.  Dr. Mansoor Al Awar, Chancellor of HBMSU, welcomed the delegation and presented the ......read more

    Mums with top notch sleuthing skills wanted at Dragon Mart

    Are you a full time mum but a big kid at heart? We have the perfect job for you Dubai, 18 March 2018:  Think your powers of observation and deduction could rival those of the great Sherlock Holmes? If so, your services could be in demand at Dragon Mart as it launches a massive job hunt for a Toy Detective to explore the mall for the coolest kids’ toys on the market. This unconventional job – open to all mothers over 21 years old living in the UAE – requires oodles of passion and commitment as well as a keen eye for the best children’s toys at Dragon Mart. ......read more

    MEFMA steps up efforts to strengthen corporate sectors' role in regional facilities management

    March 15, 2018: The Middle East Facility Management Association (MEFMA) has announced that it has formed a new category for its members, the Strategic Corporate Members, and established the Strategic Corporate Members Committee, which would include MEFMA’s pioneering members. MEFMA said it reflects the Association’s focus on developing new opportunities for strategic engagements by the corporate sector and enhance their role in developing the FM industry. The recent development, announced during a reception held on March 14, 2018 at The Viewing Deck, The Palace Downtown Hotel ......read more

    Awqaf and Minors Affairs Foundation Attracts 1200 Emirati Job Seekers at Careers UAE 2018

    Dubai-UAE: 15 March, 2018 –   Awqaf and Minors Affairs Foundation (AMAF) witnessed significant interest from Emiratis seeking job opportunities in the charity and social work domain at Careers UAE 2018.    During its participation in the leading job fair for UAE nationals that concluded today at the Dubai World Trade Centre, AMAF’s representatives introduced job seekers to the Foundation’s work, objectives and initiatives. In addition, they offered the Emirati youth advice on how to build a successful career in humanitarian work. Over the course of ......read more

    ABB records steady growth in the UAE

    Digitalization and clean energy integration transforming the energy landscape in the country Dubai, UAE, March 15, 2018:   ABB, the pioneering technology leader, has recorded steady and sustained growth in the United Arab Emirates in 2017.  “ABB is seeing profitable growth and a huge opportunity in this market as we are partners to both the energy and industrial revolution that is taking place in the country and around the world,” said Mostafa Al Guezeri, Managing Director, ABB. The company has been a stable partner to the country’s development and is ......read more

    UAE becomes first country globally to launch DHL's global shipping platform MyDHL+

    MyDHL+ simplifies and streamlines the international shipping process    Dubai, 14th March 2018 –   DHL, the world’s leading international express delivery services provider, has unveiled MyDHL+, an industry-leading global shipping application in the UAE, which will bring new levels of speed and simplicity to the cross-border shipping process.   Shippers ranging from small businesses to large global corporations will be able to benefit from MyDHL+ and its intelligent, streamlined interface – which means fewer steps and considerably greater ......read more

    Supreme Legislation Committee attracts young national talent with promising career opportunities during Careers UAE 2018

    Dubai, UAE, March 13, 2018 -  The General Secretariat of the Supreme Legislation Committee in the Emirate of Dubai (SLC) continues to attract qualified national cadres to promote legal and legislative excellence during its successful participation in Careers UAE 2018, which is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. The SLC’s booth at the event has attracted a great number of young professionals and has garnered appreciation for its achievements in terms of creating an ......read more

    Khalifa Fund holds forum to strengthen UAE's SME industry

    Khalifa Fund for Enterprise Development (KFED) hosted recently a forum on ‘Strategic Alignments – Connections 2018’ which brought together top-level officials from federal and local entities within the legislation and banking sector, as well as development institutions that support and fund local, small and medium enterprises (SMEs) and entrepreneurs in the UAE. The event formed part of KFED’s efforts to promote domestic SMEs and support their growth, and implement innovative plans to help foster an entrepreneurial spirit in the country. H.E. Abdullah Saeed Al ......read more

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