Thursday 25 May 2017

Dafza holds India forum; eyes investments

The Dubai Airport Freezone Authority (Dafza) has organised a special forum for Indian businesses under the theme ‘India: A Strategic Partner for Growth in an Evolving Global Economy’.   The forum was attended by Dr Mohammed Al Zarooni, director gener


Grid inter-connectivity to net $33bn savings for GCC

Grid inter-connectivity between the GCC countries will generate $33 billion in investments, economic and energy savings for the bloc over the next 25 years, reported The Gulf Times, citing data from leading global consultant Dun & Bradstreet. The GCC Interconnection


New hub to drive SME, start-up growth in Saudi

The Small and Medium Enterprises General Authority of Saudi Arabia has announced the establishment of HUB1006, an operating entity for a series of entrepreneurial hubs focused on growing the SME and start-up sectors across the Kingdom. HUB1006 was launched during the Impact to In


Tanzanian group makes debut at Index

Tanzania’s luxury furniture brand Molocaho by Amorette is making its debut at the Index Design Series 2017 expo in Dubai in a big way with the launch of M-Luxury Chair, the world’s only Tanzanite encrusted hardwood chair worth $98,000. A leading interiors and design t


Lanxess to focus on new halogen-free polyesters, polyamides

Specialty chemicals company Lanxess will inroduce its new halogen-free, flame-retardant polyesters and polyamides the upcoming Plastics in E&E Applications conference at Marienberg Fortress in Würzburg, Germany, on May 30 and 31. Participants at the event range from plas


Siemens completes extensive service at Dewa plant in record time

Siemens has completed extensive service operations on the gas turbines at Jebel Ali K-station in a record time of only 29 working days, a notable accomplishment for a project of this scale, the company said. The power plant is located in Dubai and owned by Dubai Electricity and W


GAC Dubai Contract Logistics ops win ISO certification

GAC Dubai’s commitment to quality and food safety has earned it ISO 22000:2005 accreditation. The certification comes after a stringent DNV audit which confirmed the company’s compliance with the internationally recognised standard, the company said. It builds on the


Oman’s PEIE inks $129m facility with BankDhofar

Oman’s Public Establishment for Industrial Estates (PEIE) has signed financial facility worth RO50 million ($129 million) with Bank Dhofar for several infrastructure projects undertaken by the PEIE in its industrial estates, a report said. “Moreover, the agreement rep


Oman to call proposals for major solar project

Oman is likely to issue a Request for Proposals (RfP) in the fourth quarter of this year to set up its first large scale solar Independent Power Project (IPP), a report said. Oman Power and Water Procurement Co (OPWP) plans to procure several IPPs providing around 2,400 MW of new


Bahrain business confidence index gains in Q2

The business confidence index in Bahrain has amounted to more than 19.91 positive points in the second quarter of 2017, according to a survey conducted by the Information & eGovernment Authority (iGA). The survey measures indexes of investors’ confidence, evaluate the c

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