News

Dubai / Emirates Business The food and beverages (F&B) sector operating out of Jebel Ali Free Zone (Jafza), a subsidiary of global trade enabler DP World, grew by 12 percent in 2017. The number of companies in the sector rose to 570 from 507 in 2016, employing 8,600 people and underlining Jafza’s reputation as an attractive destination for companies seeking ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has met the Investors in Excellence (IiE) standard for the fourth year in a row, in yet a new international testament to its track record of achievements. The Investors in Excellence certificate is awarded to organisations that achieve remarkable results in corporate excellence, following a thorough and comprehensive assessment by Investors ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, signed a partnership agreement with the Jaguar Land Rover Limited Middle East and North Africa (JLR), the regional branch of Jaguar Land Rover Limited, to establish its new regional headquarters at the hi-tech park. Dr Mohammed Alzarooni, ...

Abu Dhabi / Emirates Busines Autoterminal, a member of the Noatum Maritime Group, and Abu Dhabi Ports, have signed a shareholder agreement for the creation of a joint venture company called Autoterminal Khalifa Port, to manage the roro/car terminal in Khalifa Port under a 15 year concession. Autoterminal is the leading multimodal car terminal in the Mediterranean, located in the ...

Abu Dhabi / Emirates Busines Qantas and Emirates welcome the Australian Competition and Consumer Commission’s (ACCC) draft determination that proposes to grant authorisation for their partnership for another five years. The continuation of the joint business, announced in August 2017, will see the airlines deliver expanded services to better leverage each other’s networks, offering travellers improved schedule choice, increased frequent ...

Dubai / Emirates Busines Al Habtoor Motors – Mitsubishi, the official distributor of Japanese automobile giant in UAE brings back one of the biggest and most popular promotions. The ‘Big Bigger Biggest Offer’ which gave customers bigger deals and greater savings on the entire range of Mitsubishi cars is now back by popular demand. Once again, customers now have chances ...

Dubai / Emirates Business SGH Dubai received the certificate of excellence as recognition from JCI for the high level of care provided for AMI patients. JCI surveyors assessed the hospital for a period of two days where they looked at the hospital’s processes, policies and measures, while comparing them to the best practices worldwide. The hospital succeeded to prove excellence ...

Bloomberg Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices. Domestic Nigerian producers are aiming to pump almost 250,000 barrels a day more crude by 2020 as part of a wider plan for the nation to ...

Bloomberg While TransCanada Corp. continues to weigh whether to build its long-delayed Keystone XL oil pipeline, the company announced another major expansion of its natural gas system in Alberta. TransCanada will spend C$2.4 billion ($1.9 billion) to expand its NGTL System, adding 1 billion cubic feet of daily shipping capacity, according to a statement. The company struck binding agreements with ...

Bloomberg SunPower Corp. is willing to sell about $1.4 billion in long-term solar leases to raise $200 million now. The 45,000 contracts stretch out for as long as two decades, generating monthly payments from customers that altogether installed 400 megawatts of rooftop panels. SunPower took a non-cash charge of $474 million in the fourth quarter as a result, the San ...