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Farnek expands with new acquisitions

  Emirates Business Leading UAE based total facilities management company, Farnek, announced that it has acquired multi award-winning specialist hygiene cleaning company Smashing! Cleaning Services. Smashing! which was formed in 2004, is one of the UAE’s leading hygiene cleaning services providers, with an annual turnover in excess of AED 10 million. Its 65 highly skilled technicians manage 2,500 customers, many ...

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Mideast region climbs up the ‘hygiene’ ladder

  ABU DHABI / Emirates Business The demand for tissue products, especially in the away-from-home (AfH) sector, in the Near and Middle East remains robust, a recent study reveals. According to the ‘Outlook for World Tissue Business Forecast’ by RISI, the region will witness a surge in the sector at an average annual rate of 6.5 per cent from 2013 ...

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Oil trades near $40 after retreat into bear market

  Bloomberg Oil traded near $40 a barrel before weekly U.S. government stockpile data and after falling into a bear market on concern the global supply glut will persist. Futures added 0.4 percent in New York after dropping below $40 on Monday for the first time since April. While crude and gasoline inventories are forecast to have declined, they will ...

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