Wednesday, December 19, 2018

Most influential foreigner in the UAE, Forbes list revealed

Paul Griffith, chief executive of Dubai Airports, is the most influential foreigner 2018 in the UAE , according to Forbes Middle East. Forbes ranked its 50-member as per their impact and contribution to the country's economy. Majid...

Saudi Aramco, Malaysia’s Petronas Tap Banks for Jumbo Financing

Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.   DUBAI/HONG KONG, Aug 7 (Reuters)...

MIDEAST STOCKS-Gulf stocks slide on volatile oil, property

Gulf stocks were mostly lower, asvolatile oil prices hit petrochemical and energy firms in theSaudi market, while lower-than-expected earnings of propertyfirm Aldar Properties weighed on the Abu Dhabi market. Read More At Article Source...

Adnoc seeks to expand Japan energy ties

Adnoc Group CEO Dr Sultan Ahmed Al Jaber meets with Hiroshige Seko, Japan’s Minister of Economy, Trade and Industry.

Sika builds new specialty chemicals plant in Dubai

Leading Swiss manufacturer of specialty chemicals Sika is boosting its UAE operations with the establishment of a new factory in Dubai, UAE.Sika boasts a leading position in the development and production of systems and...

Lava, Adunic and Facts and Fiction to deliver German Pavilion at Expo 2020 Dubai

Construction Posted on August 19, 2018 Koelnmesse is organising and will run the German Pavilion at...

UK’s GSK to begin production at UAE facility in 2020

Mubasher: London-based GlaxoSmithKline (GSK) will start production at its new factory in the UAE in 2020, the company’s vice president and general manager for GCC said. The British pharmaceutical company is considering options...

Damac awards $139mln construction contract to China’s CSCEC

UAE-based Damac Properties has awarded a Dh512-million ($139 milllion) contract to China State Construction Engineering Corporation (CSCEC) for the construction of tower C at its luxury mixed-use development, Aykon City, located on Sheikh...

Light expo attracts European manufacturers

Nahdi Medical Company, a pioneer in the health care sector with the largest chain of pharmacies in the Middle East and North Africa, has announced the successful conclusion of its “Keep it at 7%”...

RTA makes 12.6 Gigawatt-Hour electric power savings in 2017

The Roads and Transport Authority – Hasan Khanjar: Dubai’s Roads and Transport Authority (RTA) announced that it had made electric power saving as much as 12.6 Gigawatt-Hour in 2017, in addition to reducing...