Tuesday 31 May 2016

Dubai group Najibi launches new firm in Australia

Diversified Dubai-based business conglomerate Najibi has opened its new investment and development company Sanad Capital on Australia’s Sunshine Coast. Sanad Capital will serve as an investment springboard for a diverse range of local projects – particularly community


DP World seals Somaliland port management deal

DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa, the Wall Street Journal reported on Sunday. Under the terms of the deal, the newspaper citing a person who h


Global air freight markets post 3.2pc growth

The global air freight markets in April reported a 3.2 per cent increase in demand measured in freight tonne kilometres (FTKs) compared to the same period last year, according to the International Air Transport Association (Iata). Yields remained pressured as April freight capaci


Russia to spend $16.7bn on arms industry in 2016-20

Russia will spend around 1.1 trillion roubles ($16.7 billion) on its military manufacturing sector in the 2016-2020 period, Tass news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Monday. Russia is currently the second-largest arms exporter in the world


Expo Centre's role in attracting German business

Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, recently emphasised the organisation’s role in helping German establishments and investors find a foothold in the country as well as the entire region. “By participating and attending trade fairs organised by Expo Centre,


Alba holds leadership course for management team

Aluminium Bahrain (Alba), an international aluminium smelter, recently held a one-day specialised leadership course titled ‘Boss versus Leader’ for its middle management team at Alba Club.   The course was designed and delivered by Alba’s chief executive off


Etihad Esco, Drydocks World sign solar energy deal

Top officials from Etihad Energy Service Company (Etihad Esco) and Drydocks World recently signed a service agreement to prepare for and evaluate the potential for on-site solar energy generation. The agreement was signed by Saeed Mohammed Al Tayer, chairman of Etihad Esco, and A


Golden Tuna to build production facility in Saudi Arabia

King Abdullah Economic City (KAEC), a special economic zone in Saudi Arabia, has leased a plot of land to Venezuela-based Golden Tuna, to build its first tuna production facility in Saudi Arabia. Construction work on the project which will be located on a 35,906-sq-m parcel of la


Automakers recall 12m US vehicles over Takata air bags

Eight automakers said on Friday they are recalling more than 12 million US vehicles for defective Takata air bag inflators, widening the largest-ever auto safety effort to more passenger-side devices. Honda Motor Co is recalling 4.5 million US vehicles while Fiat Chrysler Automob


Cyberhawk Innovations partners with Nordic Unmanned

UK-based Cyberhawk Innovations, a leader in aerial inspection and survey using unmanned aerial vehicles (UAV), has expanded its international presence by signing a partnership agreement with Nordic Unmanned, Norway’s leading UAV operator. The agreement means that customers

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