News

ABU DHABI / WAM The third-annual Atlantic Council Global Energy Forum in Abu Dhabi, held as part of Abu Dhabi Sustainability Week, convened regional and global policymakers and industry leaders to discuss the geopolitical and economic impact on the energy agenda. This year’s forum focussed on four major themes — the future of oil, the digitisation of energy, diversification within ...

DUBAI / WAM DP World on Sunday announced that it entered into an agreement to acquire 71.3% stake in Chile port operator Puertos y Logistica SA (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group. Pulogsa is listed on the Santiago stock exchange, and the acquisition will be effected via a tender offer to acquire all outstanding ...

DUBAI / WAM The Department of Economic Development (DED) in Dubai issued 20,467 new licences during the year 2018 as the emirate continued to enhance its appeal as a destination for sustainable business growth. Overall, 248,769 business registration and licensing transactions were recorded in the ‘business map’ digital platform of DED in 2018 — an increase of 4.6% over 2017 ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy and the Department of Economic Development are reviewing electricity consumption rates of the industrial sector, to establish preferential tariffs based on specific economic criteria. All segments of sector will be reviewed, to place suitable tariffs and increase contribution to emirate’s GDP. In an interview with Emirates News Agency (WAM), Awaidha ...

Abu Dhabi / WAM Dr Khalid bin Saleh Al Sultan, President of the King Abdullah Atomic and Renewable Energy City, stated that there are plans to integrate the renewable energy network of Saudi Arabia, which aims to produce 60 gigawatts of renewable energy, including 40 gigawatts from solar energy and 20 from wind and other sources by 2030. In an ...

RIYADH / WAM Aramex, the global provider of comprehensive logistics and transportation solutions, anno-unced the acquisition of the KSA-based firm, Saudi TAL for Comm- erce and Contract Company, for approximately $80 million. Bashar Obeid, CEO of Aramex, said, “Saudi Arabia is Aramex’s largest market in the Middle East and holds significant gro-wth potential for the business. Our acquisition of Saudi ...

SHARJAH / WAM The UAE-Kosovo Economic Forum is set to take place on January 16 to coordinate efforts and establish investment partnerships that benefit the business communities of both the countries. The event will be organised by the Federation of UAE Chambers of Commerce and Industry, and the Ministry of Foreign Affairs and International Cooperation, in cooperation with the Sharjah ...

Dubai / WAM The Middle East’s largest sign and graphic imaging show (SGI Dubai 2019), was inaugurated on Sunday by Mona Ghanem Al Marri, Director General of Government of Dubai Media Office. In its 22nd year, the event is the most anticipated trade show for the printing and signage industry in the Middle East. Exhibitors from across the globe are ...

Sharjah / WAM SteelFab 2019, the region’s premier metal working event, will launch its activities at Expo Centre Sharjah on Monday. The mega event, which is largest event of its kind in the region, will bring together more than 300 companies that represent some of the world’s leading manufacturers and suppliers. Exhibitors at the 15th edition of SteelFab, which will ...

DUBAI / Emirates Business Dubai based Zaitoun Green Shipping L.L.C announced that the University of Turku has joined the international maritime consortium as the selected academic partner. The university will further leverage the consortium with the needed expertise and academic research aiming to reduce the investment risks in container ships and creating significant business models. The international consortium, led by ...