News

  Bloomberg France pledged $2.6 billion in investments for Indonesia and affirmed deepening ties with Southeast Asia’s biggest economy during a visit on Wednesday by President Francois Hollande. Indonesian President Joko “Jokowi” Widodo welcomed the new commitment by French investors to increase their involvement in the energy, infrastructure and retail industries. Jokowi and Hollande witnessed the signing of five memorandums ...

  ABU DHABI / WAM Dividends suggested by board of directors of 71 companies listed in Abu Dhabi and Dubai financial markets for the fiscal year 2016 have grown substantially to AED 33.83 billion. The dividends have already been approved by some of the general assemblies of the companies. The per share dividends are reckoned the highest in the Gulf ...

  Abu Dhabi / WAM Abu Dhabi-based Mubadala Development Company, the Dubai Future Foundation and GEAdditive are uniting their collective expertise behind the establishment of the first Microfactory in the region, seeking to accelerate revolutionary additive design, customer innovation, digital manufacturing technologies and access to global problem solving within the United Arab Emirates. The Microfactory is expected to play a crucial ...

  Abu Dhabi / WAM ZonesCorp unveiled plans for the development of ‘Rahayel City’, a new, world class, integrated ‘Auto Hub’ in Abu Dhabi. This major development, which was unveiled on Tuesday at the Global Manufacturing and Industrialisation Summit (GMIS), comes in response to a mandate by the Abu Dhabi Government to implement strategic plans to develop the automotive industry in ...

  Dubai / Emirates Business Saudi Arabia’s leading logistics service provider – NAQEL has signed a Memorandum of Understanding with Dubai Trade, the premier trade facilitation entity in the UAE, to collaborate on education and training for the GCC Trade and logistics industry. Both organisations aim to provide training programmes and events to develop best practice and knowledge in the ...

  Abu Dhabi / WAM A landmark pilot project between Siemens, Strata, the UAE’s advanced composite aerostructures manufacturing company, and Etihad Airways Engineering has successfully developed the first aircraft interior part to be designed, certified and manufactured with 3D printing technology in the Middle East, where the process will include training and skills development for UAE citizens. The part, a plastic ...

  Abu Dhabi / WAM Julphar Gulf Pharmaceutical Industries expressed its intention to develop and expand in more than 34 countries around the world, consolidating its prominent position in the global pharmaceutical industry. Emirates News Agency (WAM) met with Dr Hosam Badr, Marketing Director at Julphar, on the sidelines of the Global Manufacturing & Industrialisation Summit (GMIS), where he spoke about ...

  Abu Dhabi / WAM The United Arab Emirates reduced its oil production by nearly 200,000 barrels per day this month due to maintenance works, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said in a statement on Tuesday. Al Mazrouei, who was speaking on the sidelines of the Global Manufacturing and Industrialisation Summit (GMIS 2017) in Abu Dhabi ...

  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, ...