Tuesday 17 July 2018

Al Basel Group to launch jewellery business in Saudi Arabia

Al Basel Group, one of the leading groups of companies in the UAE that offers a range of specialised services for high-profile clients, revealed plans to launch a new jewellery business in Saudi Arabia in line with its expansion plans in the region. Albairaq for Diamonds and Jewe


Dubuc Motors, Xnergy join to commercialise Tomahawk cars

Dubuc Motors, a low-volume automobile manufacturer of high performance electric vehicles, has partnered with Xnergy Financial, a multi-faceted investment banking firm, to secure the Tomahawk sports car’s commercialisation around the globe. Tomahawk is one of the world's


Foxcom solution enables indoor avionics testing

Foxcom, a subsidiary of Global Invacom— a global provider of satellite communications equipment, has launched a solution that enables aircraft ground engineers to undertake 24/7 avionics testing of Inmarsat, Iridium and GPS satellite signals indoors. Established in 1993, Fo


Sadafco approves $52m in dividend

Saudia Dairy and Foodstuff Company (Sadafco) has approved a total dividend distribution of SR195 million ($52 million) for the 2017-18 financial year, at its extraordinary general meeting (EGM) held in Jeddah, Saudi Arabia. The board of directors approved the audit report for the


Dubai RTA handles over 1m calls during H1

Dubai Roads and Transport Authority’s (RTA) Call Centre has received 1,022,421 calls during the first six months of 2018, with the average response time per call clocking 14 seconds; which compares well with the targeted period of 20 seconds.  The calls handled were va


Dubai to host World of Perishables expo

Dubai Municipality and planetfair Dubai have signed a memorandum of understanding (MoU) on Wednesday to sponsor the 10th edition of the World of Perishables (WOP) Dubai 2018, to be held later this year in Dubai, UAE. The 2018 edition of the exhibition, an event dedicated to the r


Licence must for e-commerce activities in Sharjah

The Sharjah Executive Council (SEC) has issued a resolution regulating the electronic commerce activity in Sharjah. According to a decision taken at the SEC's meeting yesterday, chaired by HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and deputy c


Damen delivers two ASD 3212 tugs to Smit Lamnalco

Netherlands-based Damen, a leading shipyard company, has delivered two ASD 3212 tugs to Smit Lamnalco. The tugs will be deployed for service in Oman. The tugs are part of the four vessels ordered by Smit Lamnalco, a leading provider of safe and efficient towage and associated mar


Alba holds ‘Pool Safety’ awareness drive

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, in line with its on-going ‘Safety Selfie’ Summer Campaign, held a one-day ‘Pool Safety’ event at Al-Ramli Mall in Bahrain, last week. This event, which focussed on the importance of protecting


Senior Bahrain team attends China startup summit

A high-level Bahrain business delegation, led by the Startup Bahrain initiative - Bahrain Economic Development Board (EDB), Tamkeen (Labour Fund), Ministry of Industry Commerce and Tourism, are currently attending the RISE Hong Kong Summit, in China. The summit, a leading busines

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