Wednesday 18 July 2018

Renault-Nissan-Mitsubishi alliance posts $6.6bn synergies

Renault - Nissan - Mitsubishi alliance has reported a 14 per cent increase in annualised synergies to €5.7 billion ($6.67 billion), up from €5 billion in 2016, as members of the world’s largest automotive alliance benefited from growing cost savings, incremental revenues


Hyundai's Kona SUV to arrive in Mideast next month

Hyundai has revealed that Kona, a premium subcompact SUV, will officially arrive in Middle East and Africa (MEA) markets from early August, with the company expecting the model to attract strong sales among younger and more style-conscious customers. First launched in Europe duri


US completes review of Gulftainer's Port of Wilmington deal

UAE-based Gulftainer, an independent port operator and logistics company, has revealed that the US Federal Government has completed a review of the agreement that grants Gulftainer’s subsidiary GT USA Wilmington the rights to operate and develop the Port of Wilmington in the US state of D


Commvault unveils programme enhancements for partners

Commvault, a global leader in enterprise backup, recovery and data management, has unveiled broad programme enhancements to help partners simplify, streamline and scale their businesses. Through significant commitments to personnel, programmes and resources, all of which put part


Kone in Forbes Top 100 innovative companies list

Kone, a global leader in the elevator and escalator industry, said it has once again been ranked as one of the world's most innovative companies in 2018, by business magazine Forbes. It is the eighth annual list of its kind, which demonstrates creative disruption and innovati


Exechon sells industrial robotic manufacturing tool to UAE firm

Exechon Enterprises, a joint venture (JV) company, has sold an XMini industrial robotic manufacturing tool to Refco Metals, a UAE-based manufacturer of aluminium assemblies for luxury automobiles. Exechon Enterprises JV comprises US-based global security and aerospace company Loc


Dubai among top five in international shipping index

Dubai has scored a new milestone in its bid to cement its leadership in the international maritime sector after it was selected as one of the world's top five in the International Shipping Centre Development Index (ISCD). The International Shipping Centre Development Index us


Ajman Media City woos SMEs with lucrative offers

The Ajman Media City Free Zone (AMCFZ) has announced a range of customer-friendly, cost-effective packages for potential business owners including the landmark decision to abolish all security deposits related to the visa process for new companies. As a first step, the AMCFZ is e


China's gross domestic product up 6.8pc in H1

China's gross domestic product (GDP) expanded 6.8 per cent year-on-year in the first half of 2018 to about 41.90 trillion yuan ($6.27 trillion), revealed data from the National Bureau of Statistics (NBS). The pace was well above the government's annual growth target of ar


Russia unveils new portal for manufacturing summit

A new online portal has been officially launched by Denis Manturov, Minister of Industry and Trade of the Russian Federation, for the second edition of the Global Manufacturing and Industrialisation Summit (GMIS), to be held next year in Russia, said a report. GMIS is the pioneer

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