Sunday 27 May 2018

Sabic wins carbon credits from UN

Saudi Arabia’s Sabic has received the second issuance of carbon credits from the United Nations for a Clean Development Mechanism (CDM) project at its Al-Bayroni manufacturing affiliate. The achievement makes Sabic  the only organization in Saudi Arabia to receive the


UAE in top 10 for global competitiveness: study

The UAE came in first rank regionally and seventh rank globally in global competitiveness, according to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss based Insatiate of Management Development (IMD). According to the report, the UAE out-perf


QDB's Tasdeer takes part in Singapore food show

Qatar Development Bank (QDB), in its endeavour to support the food and beverages SMEs, recently participated in the Food and Hotel Asia (FHA) 2018, through its export development agency 'Tasdeer'. The event was held from April 24 to 27, at Singapore Expo and Suntec Singap


Dubai Chamber welcomes new govt moves

The Dubai Chamber of Commerce and Industry has welcomed UAE's plan to allow 100 per cent foreign ownership of firms and issue 10-year visas for foreign investors. The plan was discussed at a recent meeting, held at Dubai Chamber's headquarters, where board members discuss


Blaze hits steel factory in Bahrain industrial city

A  huge fire ripped through a steel factory at Salman Industrial City in the Hidd area of Bahrain yesterday, but was quickly put out by Civil Defence personnel, reported BNA, citing a senior official. Director-General of Civil Defence Brigadier Abdulaziz Al Ammer sa


Trade finance digitisation grows, but results slow

More than 60 per cent of banks have implemented or are in the process of implementing technology solutions to digitalise their trade finance operations, according to a new study.    However, only 9 per cent of banks reported that the solutions implemented h


Airbus’ Tactilon Dabat recognised with award

Airbus’ Tactilon Dabat has been awarded “Best evolution to future broadband” during the annual International Critical Communications Awards, which took place recently at the Critical Communications World (CCW) in Berlin, Germany. Tactilon Dabat is the world&rsqu


US tariffs on steel, aluminium imports from China to stay

China will remain subject to the US tariffs on steel and aluminium imports, despite the White House announcing this week that the US would hold off on implementing a series of tariffs against the country, said a report. The steel and aluminium tariffs against China will remain in


Seatrade Maritime unveils new awards, category

The Seatrade Maritime Awards, a major awards body for the maritime sector, has introduced several new award categories to showcase the outstanding achievements within the maritime and shipping industries and across regions. The new awards include Shipyard of the Year and Maritime


Samsung launches Galaxy A6, A6+ in UAE

Samsung Gulf Electronics has launched the Galaxy A6 and A6+ in the UAE, the devices combine everyday convenience and stylish design with an advanced camera. Featuring a powerful front and rear camera, a sleek premium design, super Amoled screens and Samsung’s signature Infi

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