GCC food services sector to reach $24.5b in 2018

<p>The Gulf Cooperation Council (GCC) countries’ food services market is expected to have a compound annual growth rate (CAGR) of 6.8 per cent to reach $24.5 billion (Dh89.9 billion) in 2018, up from $18.8 billion in 2014, according to a statement on Thursday from investment firm Al Masah Capital .</p>.... Read more »

Posted on : 12/17/2015

Dubai-China trade hits Dh500b in 4 years

Bilateral trade relations between the UAE and China are seeing more growth and prosperity, as leaders of both countries are paying utmost attention to enhancing economic cooperation, according to the Dubai Customs..... Read more »

Posted on : 12/16/2015

Abu Dhabi utility embarks on renewable energy with solar project - sources

Abu Dhabi's power utility is building a 350 megawatt (MW) solar plant, two sources said on Tuesday, its first renewable project and part of a plan to produce seven percent of the emirates' power from renewables by 2020..... Read more »

Posted on : 12/16/2015

Manama's $2.5bn Bahrain Bay development starts to take shape

<p>Work has started on more sections of the $2.5 billion Bahrain Bay development in Manama.</p> <p>Gulf Daily News reported that the ten-year-old project will see a number of projects completed in 2016, following the opening of the Four Seasons Hotel Bahrain Bay in March this year.</p>.... Read more »

Posted on : 12/16/2015

Construction starts on Kuwait renewable energy park

<p>Construction work has started on Kuwait’s Shagaya renewable-energy park, starting with a photovoltaic plant.</p>.... Read more »

Posted on : 12/16/2015

Qatar expects to start $10bn Barzan gas project in 2016

<p>Qatar expects to start operations at its Barzan gas project in 2016 with full output the following year, the Ministry of Development Planning and Statistics said on Wednesday.</p>.... Read more »

Posted on : 12/16/2015

Dow and DuPont to merge

<p>Dow and DuPont have agreed to consolidate as equals, creating three new firms, including a materials science giant that will cover packaging.</p> <p>Under a deal announced on 11 December, the companies will combine in an all-stock merger of equals, creating a combined company to be named DowDuPont</p>.... Read more »

Posted on : 12/16/2015

Zulekha Hospital signs memorandum of understanding with Sharjah Charity International

<p>Taher Shams, Zulekha Hospital and Abdulla Sultan Bin Khadim, Sharjah Charity International sign an MoU to provide healthcare facilities to those in need</p>.... Read more »

Posted on : 12/16/2015

GCC builds $1.65 trillion economy on real estate

Hinting at positive growth rates for the real estate markets in the GCC, Al Masah Capital published its report announcing a booming GCC economy at $1.65 trillion in 2014 compared to $535.7 billion a decade ago..... Read more »

Posted on : 12/15/2015

UAE Ministry of Health to reduce price of 142 new drugs

<p>Health ministers are to reduce to prices of 142 innovative drugs, including cancer treatments, in the United Arab Emirates from January 1.</p>.... Read more »

Posted on : 12/15/2015