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DC app to facilitate business with 10 Africa markets
Launched alongside the Africa Global Business Forum 2015, held at Atlantis the Palm in Dubai, the updated application is already available from both iOS and Android stores. It allows exclusive access to investment opportunities in Africa, its market Read More...
Bargain hunters lift UAE shares; Drake & Scull rebounds
Dubai: UAE shares rise in early trading as bargain hunters step in to buy from record lows, with a steady oil price supporting sentiment. Dubai's Drake & Scull rises 6.8 per cent, up from a record-low hit on Monday after reporting a third-quarteRead More...
UAE economy stays resilient despite oil fall
Low oil prices are eroding fiscal and external surpluses of oil exporters in the Middle East, but the UAE economy, underpinned by large public foreign assets and robust diversification, will be relatively resilient, the Institute of International FinRead More...
Qatar Airways wraps up successful week at Dubai Airshow 2015
Doha: Qatar Airways concluded a successful week at the Dubai Airshow, showcasing three of its latest-generation aircraft, the Airbus A350, A380 and the airline’s 25th Boeing Dreamliner, the B787. Vice President and Prime Minister of the UAE, aRead More...
Adnoc, Austria's OMV sign secondment agreement
Adnoc and OMV signed a joint collaboration and secondment agreement to establish a framework for mutual assistance in certain areas.   Scope of the agreement is the secondment of OMV technical expert staff into each other's companies. The agrRead More...
UAE to play a key role in oil market stability
Abu Dhabi: The United Arab Emirates reiterated that the country will play a key role in the stability of oil markets and will continue to invest despite several companies cancelling their projects due to the current slump in oil prices.   &lRead More...
DI buys 26.75% equity stake in King's College Hospital
Dubai: Dubai Investments will invest in a multi-disciplinary hospital and several daycare clinics in Dubai for UK's King's College Hospital London. Dubai Investments will contribute 26.75 per cent of equity for the $200 million project.   KinRead More...
Nigeria: Power - Nigeria's N4 Billion Transformer Manufacturing Plant Underway
In its bid to actualise steady power supply in the nation, the Federal Government has announced plans to commence the construction of Nigeria's N4 billion transformer manufacturing plant in Kogi State.   The executive vice chairman (EVC) of thRead More...
Geant opens latest hypermarket in Dragon Mart 2
Dubai:  The retail sector welcomed on Tuesday the launch of the latest hypermarket in Dubai that seeks to serve communities outside the city centre.   Geant, one of the top hypermarket chains in the world, opened its new  hypermarketRead More...
Road construction backlog in South Africa increases
The backlog on South Africa’s roads, which includes strengthening and regravelling of the roads, has reached USD $17.57bn. According to the CEO of South African National Roads Agency Limited (Sanral) Nazir Alli, this has gone up from USD $13.30Read More...
Dubai set for another record aviation show
Dubai looks set to retain its aviation crown by staging one of the biggest international air shows next week as the organisers and experts are confident of replicating the remarkable success of 2013 edition at the biennial event scheduled to start onRead More...
Kwikspace in South Africa constructs fire-retardant buildings at major Dam
Kwikspace in South Africa which is a leader in prefabricated modular building solutions has delivered specialised site constructed fire-proof buildings to the Clanwilliam Dam site.   The dam, owned by the Department of Water Affairs, is aRead More...
Boeing closely tracking Egyptian market
Dubai: Boeing Co. sees opportunity in Egypt for new orders of commercial passenger aircraft as the country stabilises after years of unrest and political instability.   The Egyptian economy has struggled after two revolutions since 2011 but thRead More...
Major cement plant in Kenya to be constructed
Cemtech Limited is set to commence in January the construction of a US$ 95m cement plant in Kenya in West Pokot County. The feasibility study for the project which was commissioned in 2010 by the Kerio Valley Development Authority (KVDA) sRead More...
Dubai to host Fox World theme park
Fox World Theme Park and Resort is the latest attraction to Dubai's thriving tourism and entertainment industry that will attract up to five million visitors per annum by 2020, according to a top executive of Al Ahli Holding Group.   "The consRead More...
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