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DUBAI / WAM Dubai-based Jebel Ali Free Zone (Jafza), a subsidiary of global trade enabler, DP World, has announced the growing of its non-oil foreign trade by 17 percent from 23.9 million to 27.9 million tonnes in 2016, worth $80.2 billion. Commenting on the announcement, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said, “The value and ...

ABU DHABI / WAM Farms in Abu Dhabi have excelled in the Gulf region in adopting international good agricultural practice standards, Global GAP. The number of local farms that has now obtained the Global GAP certificate has risen to 270, compared to some 110 in 2013 and 2014, a percentage growth of around 145 percent. According to the Abu Dhabi ...

ABU DHABI / WAM Abu Dhabi Ports has signed a strategic partnership with Healthpoint, a multi-specialty hospital in Abu Dhabi, to launch a wellness-coaching programme for its employees. Healthpoint is part of Mubadala’s network of world-class healthcare providers. The agreement, signed by Captain Mohamed Juma Al Shamisi, Chief Executive Officer of Abu Dhabi Ports, and Dr Mai Ahmed Al Jaber, ...

Dubai / Emirates Business The Dubai based “Gulf Navigation Holding PJSC”, listed in Dubai Financial Market (DFM) under “GULFNAV”, has announced 33% growth in net profits by the end of the first half of 2017, compared with the same period of 2016. This announcement comes concurrently with the new phase the company is launching to strengthen its position and competitiveness ...

Dubai / WAM The 10X initiative team at the Dubai Community Development Authority (CDA) concluded a series of interactive brainstorming sessions aimed at accelerating social initiatives in the emirate and transforming them into tangible courses of action to be tested and implemented on the ground. The sessions saw the participation of an integrated team of 45 members of human resources ...

Bloomberg President Donald Trump has vowed to revive America’s dying nuclear industry. Backers of a troubled Georgia nuclear project want him to prove it. They have asked the administration to come to the aid of a project to build two reactors to the Southern Co.’s Vogtle power plant, according to people familiar with the talks. That could include increasing or ...

Bloomberg Oil and Natural Gas Corp. plans to tap the debt market for the first time, an opportunity that may be hard to pass up for bond bulls. India’s largest state-run energy producer may sell bonds and take out loans of as much as $4 billion to pay for the purchase of the government’s $5.2 billion stake in Hindustan Petroleum ...

CAIRO / Reuters Egypt is looking to reverse a series of bans on its agricultural products that has hit one of its most promising export sectors, Abdel Hamid al-Demerdash, the head of Egypt’s Agriculture Export Council told Reuters. Egyptian crops from strawberries to peppers have been hit by temporary bans on concerns over pesticides residues. Sudan introduced a blanket ban ...

Bloomberg Equis Energy, the Singapore-based developer of power projects, has asked for binding bids for its $4 billion renewable energy business by late September, people with knowledge of the matter said. A consortium led by I Squared Capital is among suitors chosen to proceed in the bidding for the portfolio of Asia Pacific assets, according to the people. The infrastructure ...

Bloomberg The billionaire founder of Sun Pharmaceutical Industries Ltd. pledged that the drugmaker would do better after reporting its first loss in at least 12 years amid regulatory headaches and a weakening market for generic drugs. “The reason why we are suffering is our inability to execute,” Dilip Shanghvi said on a conference call with analysts after the results were ...