Sunday 16 December 2018

UAE investment group buys key stake in Gulf Navigation

UAE-based Goldilocks Investment Company said it has reached an agreement with Gulf Navigation Holding, a leading maritime and shipping company based in Dubai, to acquire a 18.32 per cent stake in the company. This includes 4.68 per cent held through a share finance facility, said


Mideast’s fire safety systems market to hit $3bn

The Middle East’s market for firefighting systems, fire detection and alarm systems, and emergency exit and lighting, is poised for solid growth and is likely to hit $3 billion by 2024, growing at a compound annual growth rate of nearly 8 per cent in the next six years, said a report, rel


Renault Megane R S model launched in UAE

Arabian Automobiles, the flagship company of the AW Rostamani Group and the exclusive dealer for Renault in Dubai, Sharjah and the Northern Emirates, has launched the new Renault Megane R S across its network. Created for those who value style and performance, the new Megane inte


5G network will be a game changer; says expert

New age mobile technologies and the future of the 5G network will be a game changer for the industry opening doors to innovation and providing customers a unique digital experience, said an expert. Hatem Dowidar, chief executive officer, Etisalat International made that statement


Agility to launch $100m digital logistics platform

Agility, one of the world’s largest logistics companies, said it will invest $100 million over three years to launch, a digital logistics platform that lets businesses, entrepreneurs and consumers manage their freight, e-commerce, and urban deliveries online. Agil


Cosco Shipping Ports opens Abu Dhabi terminal

Cosco Shipping Ports and Abu Dhabi Ports have inaugurated CSP Abu Dhabi Terminal at Khalifa Port, positioning Abu Dhabi as the regional hub for Cosco’s global network of 36 ports. The terminal further connects the emirate to the major trade hubs along the Belt and Road Init


Retail sales across four Gulf states to grow by $24bn

Retail sales across four Gulf countries are projected to increase by more than $24 billion over the next five years, with the UAE expected to lead this trend with an estimated growth rate of 16 per cent, according to new research from Euromonitor International. The report reveals


Schneider strengthens 'carbon neutral' commitment

Schneider Electric is strengthening its commitments to become carbon neutral by 2030 using solutions that will help accelerate the transition towards a low carbon economy, to mark the occasion of COP24 in Katowice, Poland. COP24 will bring together around 20,000 participants (pol

More… Group to invest $100m in Kizad projects

Dubai-based Group plans to invest Dh365 million ($100 million) in Khalifa Industrial Zone Abu Dhabi (Kizad), to develop an inland container depot (ICD), a third-party container freight station (CSF) and other port-related services over the next five years. Kizad is


Saudi ports handle 22.6m tonnes of cargo in November

The total tonnage of cargo handled in Saudi ports during the month of November reached 22.67 million tonnes, marking an increase of 6.14 per cent compared to the figures recorded during the same period in the previous year, said a report. The number of handling containers reached

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