Mohammed bin Rashid Al Maktoum Solar Park completes financing for phase three

The transaction marks the latest significant milestone for the Masdar-led consortium, with EDF Group's subsidiary, EDF Energies Nouvelles, which is developing the 800-megawatt (MW) project in partnership with Dubai Electricity and Water Authority (DEWA)..... Read more »

Posted on : 6/20/2017

Middle East and Africa a lure for General Electric

General Electric is looking at opportunities to invest in transportation in the Middle East and Africa after signing a $575m railway deal in Egypt and expects growth in all sectors there..... Read more »

Posted on : 6/19/2017

Dubai imported hardware and tools worth $980m in 2016

The emirate's hardware and tools trade was valued at $1.38bn (AED5.07bn) in 2016, with exports and re-exports into neighboring countries found to be worth $408.3m (AED1.5bn)..... Read more »

Posted on : 6/17/2017

Dubai cosmetics trade up 23pc to $5.6bn

Dubai’s total trade in cosmetics and fragrances hit Dh20.68 billion ($5.6 billion) during 2016, representing a growth of 23 per cent from 2012, said organisers of the ongoing Beautyworld Middle East 2017 – the leading trade event for beauty and wellbeing..... Read more »

Posted on : 6/17/2017

Gems, jewellery exports may hit $41-42 billion this fiscal

Higher demand in the Middle-East and South-East Asia could help India’s gems and jewellery export grow this fiscal to about $42 billion, an export promotion body said on Monday. In 2016-17, the export totalled at around $36 billion..... Read more »

Posted on : 6/17/2017

Daimler invests in ride-hailing firm Careem's latest funding round

Dubai-based ride hailing firm Careem will step up expansion into new markets after raising$150 million from investors, including German carmaker Daimler and Saudi Arabia's Kingdom Holding..... Read more »

Posted on : 6/16/2017

Dubai's date trade amounts to $221.7m in 2016

Total date trade in Dubai amounted to $221.7 million in 2016, $85.1 million of which were exports, while $72.1 million were imports, and $64.5 million were re-exports..... Read more »

Posted on : 6/16/2017

Al-Futtaim launches Exhibition Logistics arm in Dubai

Al-Futtaim Logistics has officially launched its Exhibition Logistics services in Dubai, making its exhibition expertise, already well-known among Al-Futtaim group companies, open to the entire Middle East market..... Read more »

Posted on : 6/15/2017

Ahmed Bin Sulayem takes part in trade mission to Canada to bolster UAE trade ties

DMCC (Dubai Multi Commodities Centre) Executive Chairman Ahmed Bin Sulayem took part in a UAE trade delegation organised by Dubai FDI to Canada where UAE Officials visited the cities of Montreal and Toronto, in a bid to enhance further bilateral trade between the countries. .... Read more »

Posted on : 6/13/2017

QDB, Dubai Exports sign deal to promote trade, support SMEs

Qatar Development Bank (QDB), through its export arm, Tasdeer, signed a memorandum of understanding (MoU) for cooperation with Dubai Exports to facilitate business transactions, promote trade, and foster opportunities for greater commerce between the two countries..... Read more »

Posted on : 6/13/2017