Friday 9 December 2016

ME carriers see 9pc growth in freight demand

Middle Eastern carriers saw air freight demand increase by 9.2 per cent in October year-on-year, marking an improvement over the last few months’ performance, said to a report released by the International Air Transport Association (Iata). However seasonally-adjusted growth


UAE packaging paper industry set for 5pc growth

UAE paper and packaging industry is the fastest in terms of growth in the Mena region, reaching a market valued at $ 2.3 billion and will maintain an annual growth rate of 5 per cent till 2019, said a report. In the light of the rapid growth of paper and paper related products&rs


Smart grids 'could spur green energy growth'

Smart grids can help lay the foundations for energy and cost-saving applications and renewable energy development in the Mena region, a Booz Allen Hamilton report said. The utilities sector has historically under-invested in IT, but an increasing number of utility companies in th


Siemens targets solid growth in digital businesses

Siemens wants to further strengthen its position as a digital company and achieve double-digit growth in software, digital services and cloud platforms every year through 2020.  In fiscal 2016, Siemens generated revenue of more than €1billion with digital services and a


Top ME food expo sees record visitors, $1bn deal

The seventh annual Sial Middle East exhibition, the fastest growing event for the region’s food, drink and hospitality sectors, concluded in Abu Dhabi, UAE with a record number of visitors and deals worth Dh3.8 billion ($1 billion). Major-General Staff Pilot Ishaq Al Balush


World’s largest solar power plant launched in India

India is now home to the world's largest solar power plant with the launch of its 648-megawatt (MW) facility at Kamuthi in the southern state of Tamil Nadu. Funded by Adani Green Energy, a part of India’s leading business house Adani Group, the solar power plant in Kamu


Top industry experts at Abu Dhabi Ports event

More than 100 experts and executives representing prominent local, regional and international companies and organisations yesterday (December 7) took part in a major industry conference held in Abu Dhabi. The annual International Port Community Systems Association (IPCSA) confere


NIMR vehicles enter UAE military service

UAE-based NIMR Automotive, a manufacturer of wheeled military vehicles, has announced that two of its most advanced models, designed and manufactured in the UAE, have formally entered into service with the UAE Armed Forces. NIMR is a subsidiary of Emirates Defence Industries Comp


AVK Saudi Valves secures KAEC supply contract

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast, said it has signed a long-term master supplier agreement with AVK Saudi Valves Manufacturing Company (AVK), a leading supplier of valves and fire hydrants in the kingdom. As per the d


Globe Express Services opens new office in Lebanon

Globe Express Services (GES), a leading logistics services firm, has opened its second office in Lebanon at the Middle East Airlines (MEA) Cargo Centre, a dedicated import and export facility within the Beirut-Rafic Hariri International Airport. The move comes in line with the co

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