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Beauty & personal care market in MEA set to reach $35.9bn in 2018

DUBAI / Emirates Business The rise of natural and niche brands coupled with increasing digital engagement will be among the key trends at Beautyworld Middle East 2018, as the countdown begins to the 23rd edition of the region’s largest trade fair for beauty products, hair, fragrances, and wellbeing. According to analysts Euromonitor International (EMI), the retail value of the Middle ...

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UNB profit up 5% to AED1,657mn

ABU DHABI / WAM Union National Bank (UNB) recorded a net profit of AED1,657 million for the year 2017, up by five percent compared to the previous year. The net profit for the fourth quarter of the year was AED289 million, higher by 15 percent as compared to the same quarter of 2016. The Board of Directors has recommended a ...

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DEWA awards AED1.1bn contract for power station

DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) has awarded a contract for work on the 4th phase of H-Station at Al Aweer, worth AED1.1 billion, to a consortium comprising Siemens and ELSEWEDY Power. “The project aims to test, supply, and commission three gas turbines with a total capacity of 815 megawatts (MW). The turbines are expected to ...

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