Wednesday 22 October 2014

Maritime experts to share key insights at Dubai forum

Renowned international experts will present a series of technical papers on the latest maritime industry-leading topics at a forum in Dubai next week. The second annual Global Workboats Technology forum will be held on October 29 at the Dubai International Convention and Exhibiti


Glass LLC showcases at global trade fair

Glass LLC, a subsidiary of Dubai Investments, is unveiling the latest industry innovations at Glasstec 2014, the largest international trade fair for the glass industry currently under way at Dusseldorf, Germany. At the exhibition, which has brought together 1,175 exhibitors from


Mideast to be ‘fastest growing region’ for air cargo

The Middle East is set to be the fastest growing region between 2014 and 2018, with a average air cargo growth rate of 4.7 per cent, according to a recent International Air Transport Association (Iata) Airline Industry Forecast 2014-2018. The UAE, which will replace Germany as th


UAE plant imports hit $16m in H1

The UAE holds an estimated 14 per cent of the Gulf’s blossoming Dh970 million ($264 million) flowers and plants business and is has imported Dh60 million ($16.3 million) worth of plants in the first half of the year, according to a recent report. The latest 2014 UN Comtrade


GCC food imports to top $53bn by 2020

Food import bill of GCC region will rise to over $53 billion by 2020 as soaring population and up to 90 per cent reliance on imported products foster long term supply concerns, according to a study. GCC governments must focus on strategic diversification and domestic initiatives


Gulf Craft to invest $100m in new DMC facility

The UAE-based Gulf Craft, one of the top 10 manufacturers of superyachts globally, plans to invest $100 million in developing a state-of-the-art shipyard to manufacture high-end luxury yachts at the Dubai Maritime City (DMC). The facility will also have a service centre with cutt


GCC major player in $3.8 trillion petchem market

More than 10 per cent of the global petrochemical and chemical production worth over $3.8 trillion came from Gulf nations, said a top industry expert. "During 2012, the Gulf’s production capacity of petrochemicals and chemicals, excluding pharmaceuticals, exceeded 129


Saudi Cement records small growth in Q3 profit

Saudi Cement reported a slight increase in third-quarter net profit on Tuesday, beating analysts' forecasts who had expected the company's profit to decline. Saudi Arabia’s largest cement producer by market value made a net profit of SR232 million ($61.8 million) in


Alba backs top women empowerment expo in Bahrain

Aluminium Bahrain (Alba) has provided bronze sponsorship for the ‘Second Exhibition for Women and Labour - Opportunities and Choices.’ The three-day exhibition will run till October 23 at the Bahrain International Exhibition and Convention Centre, said a statement.


First Dubai Maritime Summit kicks off next week

The first edition of Dubai Maritime Summit, that aims to fortify Dubai’s efforts to become a first-class international maritime hub, will take place on October 27 at The Address Dubai Marina. Dubai Maritime City Authority (DMCA), the government authority charged with regula

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