News

  Abu Dhabi / Emirates Business ADNOC Distribution on Saturday announced the re-opening of Al Saada service station, located on Sheikh Rashid Bin Saeed Al Maktoum Street in Abu Dhabi. The service station had been temporarily closed to complete the replacement of ground fuel tanks, carry out routine maintenance work, and install the new ADNOC SMART service technologies. Prior to ...

  Dubai / Emirates Business Investments in themeparks, infrastructure and retail in UAE will further boost the billion dollar printing industry, according to International Expo Consults (IEC), part of Falak Holding. The sector is expected to grow exponentially across the MENA region, thanks to the investment by governments in various sectors especially infrastructure. As per the Smithers Pira report, the ...

  Dubai / Emirates Business Dubai-based commodities trading company Citigate Commodities Trading Limited announced the signing of head of terms with Stellar Diamonds plc (AIM: STEL), the London Stock Exchange listed diamond development company focused on West Africa. The agreements include a Baoulé kimberlite mining project in Guinea that has a resource estimation of approximately 3 million carats and two ...

  Dubai / Emirates Business Dubai’s Jumeirah Golf Estates, host of the DP World Tour Championship, has taken home two major awards at Indian-based real estate awards ceremony — the World’s Best Realty Brand Awards 2016 Asia, as India is revealed as Dubai’s largest real estate investor group outside of the Arab world. Jumeirah Golf Estates’ high-end collection of villas ...

  Bloomberg When commodity prices crashed in late 2014, oil executives could look at their mining counterparts with a sense of superiority. Back then, the world’s biggest oil companies enjoyed relatively strong balance sheets, with little borrowing relative to the value of their assets. Miners entered the slump in a very different state and some of the world’s largest — ...

  Bloomberg A revolution in south Australia is wresting power from utility-owned grids and putting it inside batteries installed inside the homes of electricity consumers. Billed as the world’s biggest “virtual power plant,” AGL Energy Ltd. is installing 1,000 batteries in and around Adelaide at a cost of about A$20 million ($15 million), according to a statement on Friday. The ...

  Dubai / WAM A delegation from the Dubai Supreme Council of Energy and the Road and Transport Authority (RTA) visited the Los Angeles Bureau of Street Lighting in the US as part of a series of mutual visits aimed to enhance cooperation and become acquainted with the best international practices. The delegates included Faisal Ali Rashid, Director of Demand Side ...

  Dubai / WAM Under the umbrella of the United Nations Development Group’s UNDAF Design Innovation Facility, the UNCT along with the UNDP programme team, recently organised a two-day Social Innovation Camp under the theme, “Tackling Youth Unemployment and Encouraging Youth Entrepreneurship in the UAE”. This event was hosted by the University of Wollongong in Dubai and served as a launch ...

  Dubai / WAM The UAE General Civil Aviation Authority (GCAA) said that an international investigation team led by the Air Accident Investigation Sector (AAIS) of the GCAA, and accredited representatives of the states of manufacture of the aircraft, United States, and the engines, United Kingdom, will probe the cause of the accident of the Emirates Airline Boeing 777-300 aircraft flight ...

  Dubai / Emirates Business RAK Ceramics, one of the world’s largest hi-tech manufacturers of lifestyle ceramics solutions, on Thursday announced its results for the second quarter ended June 30. Despite a slowdown in construction activity in the GCC and the impact of geopolitical uncertainty in some of the regional export markets, RAK Ceramics continued to successfully deliver on its ...