Monday 6 April 2020

Citizens’ Debt Settlement Fund postpones instalment payments

The Citizens' Debt Settlement Fund announced that it will postpone the payment of monthly instalments for three months, starting in April and ending in June, 2020.   This comes in implementation of the directives of Sheikh Mansour bin Zayed Al Nahyan, Deputy


Emerson unveils new DataManager software for refiners

Emerson, a global automation technology and engineering company, has launched its new software, DataManager v8.2, that will help refiners to better secure health, safety of operations and surrounding communities.   The new DataManager software v8.2 helps refiner


Grundfos Dubai facility secures Leed Platinum recognition

Danish pump manufacturer Grundfos said its regional headquarters in Dubai, Grundfos Gulf Distribution (GGD) has been awarded the LEED Platinum certification, an internationally recognised mark of excellence for green buildings.   The 4,456-sq-m multi-purpose com


Kizad signs $15m deal with India’s largest plastics packager

Shrinath Flexipack, India’s leading manufacturer of plastic packaging materials, has finalised an agreement to build its first factory in the Middle East at Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, in Abu Dhabi .   In a s


Saudi Amlak posts 11pc revenue growth, net income soars

Saudi Arabia’s leading non-bank real estate lender, Amlak International said its revenue rose 11 per cent to hit SR296 million ($78.5 million), while the group's real estate financing portfolio surged to SR3.2 billion ($892 million) across the individual and corporate book.


Acwa consortium reaches deal for $400m Oman solar project

Saudi-based Acwa Power said its consortium with Gulf Investment Corporation (GIC) and Alternative Energy Projects Company (AEPC) has achieved the financial closure for the 500 MW Ibri II solar project in Oman.   This $400-million Independent Power Project (IPP),


Abu Dhabi extends temporary closure of commercial centres

The Abu Dhabi Department of Economic Development (ADDED) has issued a new circular extending the temporary closure of commercial centres, shopping malls, cinemas, electronic game halls (arcades) and other entertainment destinations in the emirate until further notice.  


Caparol Arabia launches new hygienic paint to secure walls

Caparol Arabia, a leading German-quality paint manufacturer, has launched an innovative and sustainable solution that provides better protection against harmful micro-organisms in the UAE. Called CapaCare Protect, the new solution is an anti-microbial product that secures walls a


Pure Harvest Smart Farms set for big UAE expansion

UAE-based Alliances for Global Sustainability (AGS) said it has entered into a strategic land, capital and advisory partnership with Pure Harvest Smart Farms, a leading tech-enabled agribusiness.    This strategic partnership will pave way for acquisition o


Global construction output growth revised to 0.5pc in 2020

Prior to the coronavirus (Covid-19) outbreak, leading data and analytics company GlobalData had predicted that there would be an acceleration in the pace of growth in the global construction industry, but given the severe disruption in China and other leading economies worldwide following the

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