UAE power plant JV may issue project bond in 2016

<p>The offering from Emirates SembCorp Water &amp; Power could raise up to $350m</p> <p>Emirates SembCorp Water &amp; Power, a joint venture behind the Fujairah 1 independent water and power plant, is considering issuing a project bond, its chairman told Reuters on Monday.</p>.... Read more »

Posted on : 10/5/2015

UAE minister says plans to boost oil output capacity on track

The UAE is moving ahead with its oil and gas investments despite the current drop in oil prices and expects no delays in plans to boost its crude output potential by 2017, the country's energy minister said on Sunday..... Read more »

Posted on : 10/4/2015

Main Dubai Holding unit's profit up 24%

The main trading arm of Dubai Holding, Dubai Holding Commercial Operations Group, or DHCOG, on Saturday posted a 24 per cent jump in net profit to Dh2.6 billion for the first half of 2015 compared to Dh2.1 billion in the same period in 2014..... Read more »

Posted on : 10/4/2015

Chalhoub taps into growing men's bespoke footwear market in Dubai

<p>The company has added a new men’s designer section at its Level Shoe District retail space at Dubai Mall.</p> <p>United Arab Emirates-based retailer Chalhoub Group is tapping into the growing men’s fashion footwear segment, its chief executive has said.</p>.... Read more »

Posted on : 10/4/2015

Alshaya Group inks deal to open 30 stores in Mall of Qatar

<p>Collectively Alshaya’s brands will occupy around 18,000 square metres in Mall of Qatar</p> <p>Kuwait-based retail franchise operator Alshaya Group has signed a deal to open 30 retail stores and various restaurants in the upcoming Mall of Qatar development.</p>.... Read more »

Posted on : 10/4/2015

Coffee Planet invests US $2.7mn into expansion

<p>UAE home-grown brand Coffee Planet has increased its roasting production capabilities with a US $2.7 million (AED10m) investment into the expansion of its roastery in Jebel Ali.</p> <p>The roastery is now the largest in the UAE in terms of production output, with further plans to expand later into Q1 of 2016.</p>.... Read more »

Posted on : 10/3/2015

Taiwan strengthens partnership with UAE

Taiwan aims to further strengthen its relationship with the UAE by introducing global Taiwanese ICT brands in the country.As per Taiwan's Computer Association, the exports of electronics and ICT products grew 14.56 per cent annually to Dh415 billion in 2014.... Read more »

Posted on : 10/2/2015

'Huawei Watch', 'Mate S' smartphone launched in Mideast

Huawei launched its premium smartphone 'Mate S' and the much anticipated 'Huawei Watch' for the Middle East region in Dubai at an event late Wednesday..... Read more »

Posted on : 10/2/2015

Saudi Plastics Factory invests in Graphium label press tech

<p>FFEI, the global developer of award-winning digital imaging solutions, has announced the sale of two of its Graphium systems to Saudi Plastics Factory (SPF).</p>.... Read more »

Posted on : 10/2/2015

GCC petchem production rose by 8.3 per cent last year

<p>Petrochemical production in the GCC rose by 8.3 per cent in 2014, making it the second-highest growth region in the world, according to latest industry report by Gulf Petrochemicals and Chemicals Association (GPCA)</p>.... Read more »

Posted on : 10/2/2015