436 new firms at Dubai Investments Park

Dubai Investments Park (DIP) has attracted 436 new companies in the first five months of 2015, taking the total number of companies within the 2,300-hectare development to nearly 4,500. During the period, the new companies leased warehouses, distribution centres, office spaces and light industrial units across a total area of 580,000 square feet. The sub-tenants include well-known brands such as Splash Gulf, Majan Food Industries, Galaxy Metal Industries, Four Zone Décor, Royal Cosmetics and 4 Corner General Trading, among others. This marked a 20 per cent increase in commercial space allotments in the period compared to the last year..... Read more »

Posted on : 8/5/2015

Al Masaood to spend Dh200 million in expansion

<p>The Abu Dhabi based automobile distributor to open shows rooms in Al Sila, Al Wagan, Al Ghayati</p> <p>Abu Dhabi: Abu Dhabi-based Al Masaood Automobiles is planning to invest more than Dh200 million as part of its expansions plans in the Emirate to open more showrooms.</p>.... Read more »

Posted on : 8/4/2015

2016 Shanghai international Jeans expo

On June 12th to 14th,2014, Hosted by All-China Federation of Industry and Commerce Textile and Clothing Industry Chamber of Commerce and Guangdong textile Association, co-hosted by Shanghai clothes industry Association, Jun an Textile Garment Chamber of Commerce and Xintang Chamber of Commerce, the first Shanghai international jeans was opened at Shanghai. With the success of the first expo, the second expo successfully attracted many jeans brand companies from jeans industry center area of Hongkong, Junan, Xintang, Taiyong, Kaiping, Zhongshan and Changzhou..... Read more »

Posted on : 8/3/2015

Oman boosts oil production to record high in June

Dubai: Oman ramped up its oil production to a record high in June, adding to a global supply glut that has hit oil prices, as the Gulf Arab country compensates for the drop in its oil revenue..... Read more »

Posted on : 8/3/2015

Samsung launches slimmest, lightest tablets

Dubai: Samsung has launched two new tablets with an aim to eat into Apple’s market share and ahead of the rival’s launch of new models in October. The Galaxy Tab S2 comes in two sizes, a larger 9.7-inch (24.63cm) slate having the same screen size as the iPad Air 2 while the smaller 8-inch (20.32cm) Tab S2 is slightly bigger than the 7.9-inch (20.06cm) iPad Mini 3..... Read more »

Posted on : 8/3/2015

Iran energy projects market worth more than $160bn

Abu Dhabi: The Iranian energy projects market represents a $167 billion (Dh613 billion) opportunity for regional and international companies as the Islamic republic prepares for the lifting of sanctions. .... Read more »

Posted on : 8/2/2015

Dubai to be Guest City at Beijing Design Week

Dubai will participate in Beijing Design Week (BJDW) as the ‘Guest City’ for the upcoming 2015 edition - to be held from September 23 until October 7 in the Chinese capital. .... Read more »

Posted on : 7/31/2015

'Job cuts' reported in oil and gas industry in UAE

Dubai: A number of companies in the oil and gas industry in the UAE have shed some of its workers as they opt to reduce operational costs in the hopes of surviving the downturn, industry sources have confirmed. The job cuts have affected employees with engineering background and those who worked on a contract basis. There is no specific data on how many businesses have trimmed down their workforce but concerns are high that there could be spillover effects into other sectors such as retail and hospitality..... Read more »

Posted on : 7/30/2015

Samsung Electronics posts 8% fall in Q2 net profit

Seoul: South Korean giant Samsung Electronics posted an 8.0 per cent fall in second quarter net profit on Thursday and promised “flexible” pricing of its new flagship smartphone after less than stellar sales contributed to a slump in its mobile unit’s earnings..... Read more »

Posted on : 7/30/2015

Consumer prices not going up, says MoE

Abu Dhabi: The Ministry of Economy said that the revised fuel prices in the UAE from August 1 will not have an adverse impact or lead to any increase in the prices of consumer goods. The Ministry is also set to work with other authorities across the country to tighten control over the market, and prevent any attempt to exploit the decision to change fuel prices..... Read more »

Posted on : 7/29/2015