Recent Posts

Jafza sees 40% rise in new customer registrations in first half of this year

DUBAI / WAM DP World’s flagship Jebel Ali Free Zone (Jafza) witnessed a robust new customer growth of nearly 40 percent year-on-year in H1 2021, taking the total number of companies in Jafza to over 8,700. Some of the industry segments in Jafza observed a significant rise in figures, with machinery and equipment witnessing an increase of 188 per cent, ...

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Dana Gas payments from Egypt, Kurdistan rise 102%

SHARJAH / WAM Dana Gas announced that its collections for the first nine months of 2021 from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102 percent year-on-year to $256 million (AED938 million) from $127 million (AED466 million) in the same period the previous year. Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share ...

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Merger of Arkan, Emirates Steel complete

Abu Dhabi / WAM Arkan Building Materials Company PJSC (Arkan), a leading construction and building materials company in the UAE, announced the legal completion of its merger with Emirates Steel Industries PJSC (Emirates Steel), a leading integrated steel manufacturer in the Middle East. The merger of Arkan and Emirates Steel (the Combined Group) creates the UAE’s largest steel and building ...

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