News

  Bloomberg Iran will seek international investors for a $3 billion refinery project in the country’s south as the Persian Gulf nation looks to boost sales of its oil and natural gas products in Asia. The refining complex on Iran’s Persian Gulf coast will seek to raise as much as 80 percent of the capital needed from international partners or ...

  Emirates Business Morocco’s Casa Transports has awarded Turkey’s Yapi Merkezi an €83m ($94m) contract for the construction of Line 2 of the Casablanca tram line. The line will feature 20 stations, with construction expected to take a two-and-a-half years, according to a rail industry publication. Line 2 will start where the western branch of Line 1 terminates, at Boulevard ...

  Ritika SHARMA / Emirates Business As the scope for horizontal growth in the real estate takes backseat, there is a huge demand for vertical structures with smart designs that make optimal use of the space. Experts believe that the trend of smart vertical structures is poised to grow manifold in the coming years. “In Middle East region, some countries ...

  Dubai / Emirates Business A new online shopping platform in the UAE is breaking through the clutter in the world of e-commerce by offering customers industry-leading standards for warranty support and aftersales care. YallaShop.com offers almost 10,000 consumer electronics lines, from mobile phones and tablets, to televisions and cameras, from more than 400 brands. But while most similar platforms ...

  ALKESH SHARMA / Emirates Business Backed by zooming economy and diverse communities, the GCC cafe and bakery industry is all set undergo a robust growth in the next couple of years. This particular segment, out of the overall food industry, has registered an annual billing of nearly $1.9 billion, exhibiting strong growth during 2012-14. “Food market, especially cafe and ...

  Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada) announced that it has completed 40 percent of the upgraded road network and interchange at Abu Dhabi International Airport, as part of its efforts to realise the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and to implement the directions of His Highness Sheikh Mohamed ...

  Dubai / WAM The Road and Transport Authority (RTA) Licensing Agency has recently launched the second phase of its ‘Online Vehicle Mortgage Addition’ service, the ‘Vehicles Mortgage Addition/Redemption’ scheme. The first phase of the scheme, ‘Online Vehicles Mortgage Redemption,’ was launched in 2013. Ahmed Bahrozyan, CEO of the RTA Licensing Agency, said, “The RTA constantly seeks to adopt the world’s ...

  Dubai / Emirates Business The Telecommunications Regulatory Authority (TRA) participated in the recently concluded 25th GCC Ministerial Committee for Post and Telecommunications, chaired by Dr Mohamed Bin Ibrahim Al-Swail, Minister of Communications and Information Technology of Saudi Arabia, held in Riyadh, Kingdom of Saudi Arabia. The meeting focused on the recommendations raised by the GCC Committee for Undersecretaries of ...

  Dubai / Emirates Business The Kempinski Hotel Mall of the Emirates, a leading luxury destination for fine dining and leisure, was recognised for its excellence in guest comfort at the Middle East Hotel Awards 2016, winning the trophies for the Best Room Refurbishment and the Best Hotel Suite. Taking place at Palazzo Versace Hotel in Dubai, the awards gala ...

  Dubai / Emirates Business Global shipping, logistics and marine services provider GAC announced an exclusive partnership between its bunker fuels trading arm GAC Bunker Fuels (GBFL) and ENOC Global Marine. Under the agreement, which was announced during the Posidonia international shipping event in Athens, GBFL has been appointed as ENOC’s exclusive sales agent and distributor, for marine lubricants in ...