Thursday 27 October 2016

Coalesse launches new 'ultra lightweight' chair in Dubai

US-based Coalesse, a leading furniture company, has collaborated with Michael Young to design the LessThanFive Chair, which is currently being showcased at Downtown Dubai exhibition, in Dubai, UAE. Coalesse is a brand which is part of Steelcase, a leading office furniture solutio


Maritime sector contributes $7.32bn to Dubai GDP

The maritime sector significantly improved its contributions to Dubai’s GDP in 2015, accounting for Dh26.9 billion ($7.32 billion) or seven per cent of the total, according to latest figures. Shipping had the largest share, followed by ports, maritime engineering, and marit


UK’s Vemotion to participate in Milipol Qatar

UK-based Vemotion, a wireless video transmission specialist, said that it will participate in Milipol Qatar 2016, to be held in Doha, Qatar, with an aim of further building on its global expansion strategy. The event takes place at the Doha Exhibition and Convention Center from O


Investcorp to buy 3i's debt management business

Investcorp, a leading provider and manager of alternative investment products, said it has reached an agreement with UK-based 3i Group to acquire its debt management business, 3iDM, for £222 million ($271 million). Announcing the deal, the Bahrain-based company said the pro


German railway firm plans to use NSTC for trade to Iran

Deutsche Bahn, a leading German railway company, plans to use the International North-South Transport Corridor (NSTC) and begin delivering goods from Europe to Iran via Azerbaijan Republic, said a report. Representatives of the German railway operator said that they were interest


Emerson opens expanded facility in Iraq

Emerson, a global leader in technology and engineering, has officially opened its expanded facility in Al Majal Business Park in North Rumaila, Iraq. The company moved from its existing facility in Albradheya, Basrah, to the new facility to increase its capabilities and address t


DP World gross container volumes up by 2.2pc

Dubai-based DP World Limited handled 47.5 million twenty-foot equivalent units (TEU) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2 per cent on a reported basis, and up 1.0 per cent on a like-for-like basis.


Tata removes chairman in major shake-up, Ratan at helm

In a shocking move, Tata Group, a $108 billion business house, has removed Cyrus Mistry from the chairman's post and appointed Ratan Tata as the interim chief. Mistry, born in Ireland, was the sixth chairman of the 150-year-old group. He had been in the post of the chairman s


Emirates Steel takes part in top industry event

Emirates Steel, the only integrated steel plant in the UAE, owned by Senaat, successfully participated in the recent Arab Steel Summit 2016 and the associated International Iron and Steel Exhibition 2016, held in Dubai, UAE.   Emirates Steel participated in the summit along w


UK exports rise as manufacturers benefit from weaker pound

The UK manufacturing output and orders grew over the last quarter, with export volumes growth the strongest for two and half years, according to the latest quarterly Confederation of British Industry (CBI) Industrial Trends Survey. The survey of 459 manufacturers reveals that com

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