News

  Abu Dhabi / WAM Abu Dhabi Polymers Company (Borouge), demonstrated its Borstar technology at the 4th Gulf Petrochemicals and Chemicals Association’s,GPCA, Research and Innovation Summit in Bahrain. The technology enables the company to provide a broad range of polyethylene (PE) and polypropylene (PP) grades that contribute significantly to the quality of the plastics end products. Ahmed Omar Abdulla, CEO of ...

  Sharjah / WAM Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, on Wednesday announced its Full Year Financial Results for the year ended December 31, 2016. Amlak reported net profits of AED 107 million at the end of December 2016, a decrease of 20% compared to AED 135 million in 2015. The company’s total revenues, ...

  Abu Dhabi / Emirates Business Etihad Rail been participating in the region’s largest rail exhibition and conference, Middle East Rail (MER), held at Dubai International Convention and Exhibition Centre over the March, 7-8. During the two-day event, the national rail network has showcased an Etihad Rail Virtual Reality experience, planned network maps and an insight into the future passenger ...

  Abu Dhabi / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) launched a series of awareness lectures at a number of Abu Dhabi Majlises. The first lecture titled “From Waste to Resources” was held at Majlis Al Bateen, and was attended by His Excellency Jaber Mohammed Ghanem Al Suwaidi, the General Director of the Crown Prince ...

  Dubai / Emirates Business On International Women’s Day, healthcare leaders from across the region pledged to take action in closing the workplace gender gap while attending the 3rd MENA MedTech Forum in Dubai. The commitment comes following local survey results which revealed very few women in senior leadership roles within the corporate healthcare environment in MENA, mirroring global numbers ...

  Reuters A partnership of US agribusiness giant Archer Daniels Midland Co and Saudi foods group Almarai is among potential bidders for Saudi Grains Organisation’s milling operations, the kingdom’s sole supplier, sources aware of the matter said. Italian wheat supplier Casillo Group and a partnership of Turkey’s TAV Group, a construction and airports conglomerate, and Saudi Arabia’s Al Rajhi Holding ...

  Reuters The number of tourists visiting Egypt this year could come close to levels seen before its 2011 uprising, encouraged by investments in airport security and a cheaper Egyptian pound, the country’s tourism minister said. Egypt’s tourism industry, a crucial source of hard currency, has suffered in the years of turmoil that followed the mass protests, as well as ...

  Reuters Hundreds of Egyptians protested around the country, blocking roads and surrounding government offices, after a change to the way bread rations are managed raised fears that the government was cutting food subsidies by the back door. Bread subsidies are an explosive issue in Egypt, where more than 70 million people receive state rations. Core inflation in the country ...

  Bloomberg Indian stocks are leading gains in Asia this year, the rupee has recouped almost all its losses since Donald Trump’s US election win and foreigners have pumped $2.4 billion into the country’s bonds and equities. As investors wait for the results of one of Narendra Modi’s biggest electoral tests since he came to power in 2014, there’s a ...

  Bloomberg Pakistani tycoon Arif Habib said Asia’s best stock market rally in the past year may extend a further 20 percent led by banks, fertilizer and energy compa- nies, rejecting concerns that the market has been supported by speculators. As industries and the economy grow, Habib, the Karachi-born financier who has seen his fortune swell after his start as ...