Tuesday 25 June 2019

UAE moves up in FDI ranking; placed 27th

The United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2019 has ranked the UAE 27th globally in terms of attracting foreign direct investment (FDI), three positions up from 2017. According to the report, the UAE attracted $10.4 billion FDI i


Sanad signs $6.5bn Rolls-Royce Trent 700 AMC deal

Abu Dhabi-based Aerospace Turbine Services & Solutions (TS&S), now rebranded as Sanad Aerotech, has concluded a landmark agreement worth Dh23 billion ($6.5 billion) with Rolls-Royce to become a Rolls-Royce Trent 700 Authorised Maintenance Centre (AMC). Sanad Aerotech is a


Honeywell unveils new approach to control systems

Honeywell has unveiled Experion PKS Highly Integrated Virtual Environment (HIVE), a fundamentally new approach to engineering and maintaining industrial control systems. This is an evolution of the company’s flagship Experion Process Knowledge System (PKS). E


Geze unveils new building automation product

Geze, a leading developer of construction systems for doors, windows and safety technology with its headquarters in Baden-Württemberg, Germany, unveiled its new building automation product, Geze Cockpit, at ZAK World of Facades Cairo, Egypt. Zak World of Façades is an


Dubai to host World Chambers Congress in 2021

Dubai was in the spotlight at the 11th World Chambers Congress (WCC) in Rio de Janeiro, the world’s largest gathering of chambers of commerce, as the Brazilian city officially handed over the baton to the emirate as the host city of the next WCC in 2021. A delegation led by


Dubai RTA Call Centre wins lifestyle, transport awards

Dubai’s Roads and Transport Authority (RTA) has won the Best Government Call Centre (Lifestyle) Award as well as the Best Industry Call Centre (Transport) Award of INSIGHTS Middle East. The awards saw intense competition between scores of public entities, private companies


Dewa sets world record for gas turbine overhaul

Dubai Electricity and Water Authority (Dewa) has broken the world record in major inspection outages by re-engineering the Gas Turbine SGT-4000F overhaul process at the Jebel Ali Power and Desalination Complex. Dewa succeeded the completion of its major inspection outage within 1


Abu Dhabi bourse names Al Ramz as RAKCC liquity provider

UAE-based Al Ramz Capital has been appointed as a liquidity provider for Ras Al Khaimah Cement Company, RAKCC, shares, after obtaining the approval of Abu Dhabi Securities Exchange (ADX). The agreement with Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Devel


Top speakers to participate in Dubai tanker conference

A top-class line-up of speakers and panellists have been confirmed to attend The Maritime Standard Tanker Conference, which will take place later this year in Dubai, UAE. The event will take place on October 22, at The Atlantis, the Palm. The theme of this year&rsq


Experts to discuss global investments at Sharjah forum

Top financial experts and business leaders will discuss an array of topics encompassing the realities of regional and global investments within the context of fast-changing commercial and geopolitical developments at a forum in Sharjah, UAE, later this year. The Sharjah FDI Offic

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