News

  Abu Dhabi / WAM UAE-based construction company DuBox, a specialist in off-site construction and modular, single or multi-storey building designs, is showcasing the country’s first locally 3D printed concrete element. The 3D printed part is on display at the GMIS 2017. DuBox realised the 3D printed concrete element in partnership with the University of Eindhoven and Witteveen+Bos, a Dutch engineering ...

  Dubai / WAM Dubai Investments achieved consistent growth in its manufacturing business with total assets in the sector increasing to AED3.05 billion, constituting 19 percent of the company’s total assets worth AED16.11 billion as on December 31, 2016. The company’s manufacturing business continues to play a major role in the growth of the manufacturing and industrial sector across the UAE, ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, has expanded its presence in the Kingdom of Saudi Arabia with the opening of a new representation office in the country’s capital, Riyadh. Marking its sixth international representation office, the Riyadh opening will ...

  Ajman / Emirates Business Ajman Tourism was awarded with the prestigious GCC Food and Travel award for Rising Star Destination at a gala dinner hosted by Food and Travel magazine at Palazzo Versace Hotel in Dubai, in the presence of a group of dignitaries and senior officials from the tourism and hospitality sector in the UAE. The Ajman Tourism ...

  Dubai / Emirates Business His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), earlier this week welcomed His Excellency Nursultan Nazarbayev, the President of the Republic of Kazakhstan, as a high level delegation from Kazakhstan visited DIFC for a series of meetings and presentations, in presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) on Tuesday announced that the number of its customers has increased to reach 65,000 by the end of 2016. Empower underscored that the number of its clients continues to rise in 2017. According to Empower, the main reason behind this increase is the customers’ growing trust in the district cooling service, ...

  Bloomberg India is likely to give Bangladesh a credit line of at least $3.5 billion for infrastructure projects during Prime Minister Sheikh Hasina’s state visit in April, as Beijing and New Delhi jostle for geopolitical influence in South Asia. The credit line, which would be India’s third to its neighbour, would go toward a variety of projects ranging from ...

  Bloomberg India’s wheat imports are likely to remain near the highest in a decade as the world’s second-biggest producer seeks to replenish stockpiles slashed by El Nino-induced drought, according to one of the nation’s largest buyers. Imports may reach 3 million metric tons in 2017-18, S. Sivakumar, the chief executive officer of ITC Ltd.’s agriculture business division, said in ...

  Bloomberg Qatar’s sovereign wealth fund plans to expand in the UK and the US, as top officials said long-term commercial opportunities would outweigh political uncertainty roiling the two countries. The gas-rich Gulf emirate will add 5 billion pounds ($6.3 billion) to its UK portfolio in the next three to five years, and will set up an office soon in ...

  Bloomberg Saudi Aramco could have a market value of more than $1 trillion, Sanford C. Bernstein & Co. estimates, after the government slashed the oil producer’s tax burden to attract investors ahead of what may be the world’s biggest initial public offering. The tax cut will increase Aramco’s net income by 300 percent, putting its per-barrel income in a ...