Wednesday 25 April 2018

Mubadala takes minority stake in US investment firm

Mubadala Investment Company (Mubadala), the Abu Dhabi-based investment company, has acquired a minority stake in the general partner of Phoenician Capital, a New York-based investment management company.   The investment was made through Mubadala Capital, Mubadala’s fin


UAE University to deploy Avidbots' cleaning robot

Canada-based Avidbots Corp said that United Arab Emirates University (UAEU) will be deploying its Neo floor cleaning robot to improve the productivity of their cleaning teams, reduce costs, and promote robotics and innovation throughout the UAE. Avidbots Corp is a developer and m


Al Hilal Group terminates media deal with Mepec organiser

Al Hilal Group, the publisher of Oil & Gas News and a number of leading pan-regional trade publications in the GCC, has terminated its media relationship with ME3, the organiser of the Middle East Process Engineering Conference (Mepec) held in Bahrain every two years.


90,000 UAE firms to pay VAT by month-end

The UAE’s Federal Tax Authority (FTA) has revealed that approximately 90,000 businesses registered for value-added tax (VAT), VAT, are required to submit their tax returns and pay their taxes no later than April 29. Over 85,000 of these companies had their first quarterly t


Alba teams win at the Annual Raft Race

Aluminium Bahrain (Alba) revealed that its raft racing teams emerged winners in the 42nd Annual Raft Race, with the teams scoring the second place in the Lagoon (Mixed teams) category and fourth position in the Open Sea (Mens) category. The event was held on April 20, at Al Bande


Latest IT offerings to be showcased at Oman expo

A wide range of new features and attractions within the ever-changing world of information technology will be showcased at the 28th edition of the Comex Technology Week, which opens tomorrow (April 23) in Oman. Being held under the patronage of the Information Technology Authorit


Jumbo names new offshore vessel

Netherlands-based Jumbo, a leading and family owned heavy lift shipping company, has revealed the winner of the competition for naming its new DP2 heavy lift crane vessel (HLCV), which will be delivered in the first quarter of 2020. Last month the company launched an internal nam


BGC Partners unit launches graduates training programme

BGC Brokers LP Bahrain, an entity within BGC Partners group of companies - a leading global brokerage company servicing the financial and real estate markets, has launched its graduates training programme for Bahrain.   The launch took place at an event for Bahraini Universit


Scientechnic seals partnership deal with Swiss cable firm

UAE-based Easa Saleh Al Gurg Group said its flagship company Scientechnic has partnered with Datwyler Middle East for the exclusive distribution of its fire cables in the region. The Swiss manufacturing company provides system solutions and services for future-proof ICT networks,


300 experts discuss new trade order at DMCC event

More than 300 experts from the global trade and investment industries discussed the emerging world trade system at an event organised by Dubai-based DMCC, a global leading free zone and Asia House today (April 22). The New Global Trade Order conference at Almas Tower in Dubai, UA

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