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HuaweiRAS AL KHAIMAH - Ras Al Khaimah Free Trade Zone (RAK FTZ) has continued to prove its leading edge in innovation and technology as it tops the list of fDi Magazine’s best free zones list in the Middle East.
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DUBAI - DP World’s flagship Jebel Ali Port has recently welcomed the highest capacity container vessel in the world, the MSC Daniela, with a nominal capacity of 14,000 TEU (twenty foot equivalent container units).
DUBAI - Petrochemicals company Borouge, a joint venture between Abu Dhabi National Oil Company and European plastics giant Borealis, has signed a $1.39 billion revised contract with Technicas Reunidas for the expansion of its Ruwais petrochemical complex in Abu Dhabi.
DUBAI - With $30 billion in Middle East franchise industry already growing at 25 per cent per annum, the UAE and the rest of the GCC region is a fertile market for franchise companies to expand into, according to Abdul Rehman Falaknaz, President of International Expo Consults (IEC), the organisers of Franchising Middle East (FME).
DUBAI - The Dh16 billion ($4.4 billion) Abu Dhabi government capital injection into five Abu Dhabi-based banks will strengthen the recipient’s capitalisation but leaves other UAE banks looking more vulnerable in the event of a significant domestic downturn, said Fitch Ratings agency.
DUBAI - Carrefour and BinSina have teamed up to launch in-store pharmacies in Carrefour outlets.
DUBAI - Bucking global economic recession and a downward spiral in the tourism industry worldwide, Middle East travellers visiting Sri Lanka surged by 24 per cent in 2008, according to the Sri Lanka Tourism Promotion Bureau’s (SLTPB) Middle East Office.
DUBAI - Dubai-based DP World, one of the world’s largest port operators is expected to perform better than expected said Standard Chartered which expects the company to post operating profits in 2009.
DUBAI - One of gold’s most admirable traits is to adapt itself to the demands of the period. This is aptly evident from its innate properties as one of the most malleable and also most ductile metal of all time, says the World Gold Council.
SHARJAH - More than 700 buyers from nearly 43 countries have pre-registered for the Expo Riva Schuh Middle East, to be held at Expo Centre Sharjah from February 9 to 11, 2009.