Tuesday 21 August 2018

Gulftainer plans new road to link key Sharjah ports

Gulftainer, a leading UAE-based port operator, is set to start the construction of a 2-km-long permanent access road that will connect the company's strategically located leasehold initiative Saja’a Industrial Investment Park to three major seaports in Sharjah, UAE - Port Khalid, Hamr


Higher US tariffs on steel imports from Turkey take effect

The additional US tariffs on steel imports from Turkey announced on August 10 will take effect today (August 13), said a report. US President Donald Trump had earlier announced doubling of the already substantial Section 232 steel tariffs on imports from Turkey to 50 per cent.


Adnoc Distribution net profit up 18pc in H1

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) compared with the same period last year. The company’s EBITDA grew by 30 per


Grundfos Forum to go 'virtual'

Water, environment and sustainability professionals from around the world will have the opportunity to learn more about the future of water solutions, as leading pump manufacturer Grundfos opens up its global customer forum to the world, virtually. A first for the event, the Grun


BMW Group keeps focus on mobility of future

The BMW Group invested substantially in the mobility of the future during the first half of the year, while at the same time firmly continuing on its course of profitable growth. Rigorous implementation of the group’s Strategy Number One > Next is playing a key role, as


Zahid Group buys into top European solar project developer

Saudi-based Zahid Group said one of its subsidiaries Omas has reached an agreement with The Greencells Group, one of the biggest providers of solar photovoltaics (PV) power plants in Europe, to acquire a 50 per cent stakee in the company. A leading player in the solar PV plant se


Saudi Aramco, Air Products, Acwa to set up $8bn JV

Saudi Aramco, Air Products, and Acwa Power have announced the signing of a term sheet to form a gasification/power joint venture (JV) located at Jazan Economic City (JEC) in Saudi Arabia.   The JV will purchase the gasification assets, power block and the associ


UAE’s leadership highlights importance of youth empowerment

The UAE’s leadership considers youth empowerment utmost priority and spares no efforts to ensure their development and contribution to placing the country on the global competitiveness map, said a report. HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and


Nestlé schemes help youth develop skills, get jobs

Nestlé, a leading food and beverage company, said that as a global company it is determined to help young people develop their skills so that they can find jobs or create their own businesses. Nestlé believes that communities cannot thrive if they fail to offer a fu


‘Doing Business in the UAE Guide’ launched in London

The second edition of ‘Doing Business in the UAE Guide,’ a handbook covering basic information about the country and how to start your business in the area, was recently launched in London, UK. The book was launched with the support of the UAE Ministry of Economy and

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