Wednesday 20 February 2019

DMCA to participate in Dubai International Boat Show

The Dubai Maritime City Authority (DMCA) will join its fellow elite local, regional, and international entities at Dubai International Boat Show 2019, to be held next week in Dubai, UAE. The event will take place from February 26 to March 2, at the Dubai Water Channel.


CXO 50 Awards honour GAC Group team

GAC Group, a global provider of integrated shipping, logistics and marine services, said its chief information officer and his team were among those honoured at the inaugural CXO 50 Awards presented in Dubai, UAE, last week. The GAC Group team’s was recognised for its appli


Oman plans to set up major coconut plantation

The Oman Ministry of Agriculture and Fisheries is inviting private investors to support the establishment of a 100,000 coconut tree plantation in Salalah, said a report. The plantation is integrated with a value-adding manufacturing facility that will kickstart the growth of a co


FPT Industrial partners with Egyptian firm to expand in MEA

Italy-based FPT Industrial, a leading manufacturer and seller of powertrains for industrial vehicles, said it is broadening its business in Middle East and Africa (MEA) through a partnership with a new dealer in Egypt. M Ahmed Daoud & Co, with its main office in Cairo, is now


Senaat, Tubacex form JV; to acquire Nobu Group

Senaat, one of the largest industrial investment holding companies in the UAE, has agreed the terms of a joint venture with Spain-based Tubacex, a global leader in the manufacture of stainless steel and high-alloyed tubular products (tubes and accessories). Senaat’s new par


DP World acquires P&O Ferries

DP World, a leading enabler of global trade, today announced the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for £322 million ($421 million).   This implies a 2017 enterprise value/EBITDA valuat


Tawazun Defence and Security seals Halcon funding deal

The Defence and Security Development Fund of Tawazun Economic Council has signed a Dh193 million ($52.5 million) finance agreement for Halcon Systems, a company owned by the Abu Dhabi-based Yas Holding Group, to help in its expansion activities. The Defence and Security Development Fun


Thales, Atlas to build underwater training centre in UAE

Leading European defence majors Thales Group and Atlas Elektroniks have announced plans to build a new underwater training centre in Abu Dhabi, in partnership with a major Emirati group Tawazun Economic Council.   Thales is a French multinational company that designs and buil


UAE Armed Forces award $4.59bn contracts at Idex

The UAE Armed Forces has awarded 28 deals worth Dh4.87 billion ($1.32 billion) on the third-day of the International Defence Exhibition (Idex) and the Naval Defence and Maritime Security Exhibition (Navdex). With this, the total value of deals awarded so far to national and inter


Adnec signs agreement with ADASI for two major events

Abu Dhabi National Exhibitions Company (Adnec) has signed a partnership agreement with Abu Dhabi Autonomous Systems Investments (ADASI) for two major events next year. The agreement appoints ADASI as a strategic partner of the 2020 editions of the Unmanned Systems Exhibition and

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