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China signs US$930m in business deals with Africa ahead of President Xi Jinping's visit
China boosted its economic ties with Africa yesterday by signing 23 business deals totalling US$930 million, while a fresh round of economic aid is being planned before President Xi Jinping starts his visit to the continent on Tuesday.   MainlRead More...
Dubai Quality Group recognises Emirati inventors
Dubai Quality Group, or DQG, organised the fourth UAE Ideas Conference & Award 2015, which encouraged innovative and creative practices through the various keynote presentations and panel discussions by experts in the field of innovation.  Read More...
Big 5 show concludes after overwhelming response
Visitors thronged to Dubai World Trade Centre on the last day of the The Big 5 International Building and Construction Show, Middle East Concrete, and PMV Live as the Middle East's largest construction show concluded on Thursday.   Millions ofRead More...
NTDCL gets Rs17b loan from UBL for power line project
National Transmission and Despatch Company Limited (NTDCL) and United Bank Limited (UBL) have signed a syndicated term finance facility of Rs17 billion for the construction of a 270km transmission line for the Neelum-Jhelum Hydro Power Project. Read More...
Kenya: GE confirms second distribution agreement in Africa
US multinational conglomerate, General Electric (GE) has partnered with Kenyan firm, Simba Corporation, with efforts to tap into the diesel power generation market. The agreement stipulates that the local firm will be the authorised distributor for GRead More...
UAE Central Bank's digital payment project reviewed
The Central Bank of the UAE's board of directors reviewed a presentation on the Digital Payments Project. The meeting also reviewed a legal opinion on the project's regulatory framework.   The board reviewed several reports including on the reRead More...
African exchanges need innovation to seduce business
THE continent’s stock exchanges are a hard sell to African companies. Of more than 1.5-million businesses registered in Africa, only 1,600 are listed on the stock exchanges of the 23 states that make up the African Securities Exchanges AssociatRead More...
Dubai Chamber launches MRM Business Award 2015
Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of the Award Panel of Judges of Mohammed Bin Rashid Al Maktoum Business Award, has stated that the UAE is seeking to transform into an innovation economy by adopting best global organRead More...
Dubai investor eyes takeover of Saudi flour mills in expansion
Dubai: Dubai’s Essa Al Ghurair Investment Co. is considering bidding for flour mills that Saudi Arabia is preparing to sell to private investors.   The plants would add to flour mills it has in Oman and Lebanon, Essa Al Ghurair, chairmanRead More...
Africa: Lighting African Households With Smartphones
Households in Senegal could soon be able to light their homes using their mobile phones. Two French start-up companies have come up with a new streetlighting system using a smart card which will allow Africans to prepay their electricity. The productRead More...
Global stock market rally seen continuing as focus turns to Fed
Dubai: A global stock market rally could continue despite concerns over the likelihood of the US Federal Reserve raising rates for the first time since 2006, even as investors ignore bullish forecasts on the American economy.   On Friday, the Read More...
Govt to ease issuance of construction permits in Kenya
A special committee involving construction regulators has been formed to help look into challenges surrounding issuance of construction permits in Kenya that have been dragging the country down in global business competitiveness.The committee will loRead More...
Oil price plunge may weigh on Gulf markets
Dubai:  Renewed declines in oil prices could weigh on Middle East stock markets on Sunday. Oil made its biggest weekly loss in eight months last week and U.S. Light Crude fell 5.1 percent on Thursday and Friday alone, after Middle East bourses Read More...
Africa ripe for business
Africa offers a lot of investment opportunities, but investors' challenges need to be addressed. This was stated by the UAE's top government officials at the third Africa Global Business Forum in Dubai on Tuesday.   "One of the issues is lawsRead More...
Dubai index posts biggest daily gain in 3 months
Dubai: Dubai stocks jumped nearly 3 per cent on Thursday, its highest daily gain in more than 3 months, as traders continued to resort to bargain buying in the backdrop of positive leads from global peers.   The Dubai Financial Market General Read More...
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