Blog Layout

Emircom wins ‘Best Growth of the Year’ award at Fortinet confab

  Dubai / Emirates Business Emircom, one of the UAE’s leading systems integrators, recently won ‘Best Growth of the Year’ during the first Middle East Partner Conference organized by Fortinet in Dubai. Fortinet’s inaugural regional channel conference gathered more than 100 partners from across the GCC and Levant regions. During the event’s special Top Partner Awards ceremony, Emircom – a ...

Read More »

India’s Radiant Group to construct $10mn oil distillation plant in HFZ

  Sharjah / Emirates Business India’s Radiant Group will start an oil distillation plant in Hamriyah Free Zone by the middle of next year. “We have leased 107,639 square feet of land in phase-two of Hamriyah Free Zone and the construction of our factory will start soon”, Vibhor Gupta, Managing Director of Radiant Overseas FZC said after signing the lease ...

Read More »

Royal Academy, Ajman organises ‘read-a-thon’ campaign

  Ajman / Emirates Business The Royal Academy, Ajman, part of the Lazar group of schools, held a read-a-thon ‘Educators at Heart’ recently. The programme was organised as part of the Reading Nation campaign initiative by Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum to mark 2016 as ...

Read More »

UK CEOs seek access to EU trade, workers after historic exit vote

  Bloomberg The vote is over but the campaign continues. With financial markets reeling from the Brexit vote, U.K. companies are stepping up lobbying to maintain access to the EU’s single market and labor, deepening potential rifts with British “Leave” voters who want to curb immigration. Prime Minister David Cameron has called an emergency meeting on Thursday of his Business ...

Read More »

Rolls-Royce sticks to forecast as no Brexit ballot effect seen

  Bloomberg Rolls-Royce Holdings Plc, the U.K.’s biggest manufacturer, said business this year is in line with expectations and reiterated that the country’s vote to leave the European Union will have no immediate effect on the company, offering investors a rare bit of good news after days of turmoil in the markets. Underlying profit before financing charges and tax is ...

Read More »

Maersk oil intensifies search for M&A

  Bloomberg A.P. Moeller-Maersk A/S is intensifying its search for acquisitions to build up its oil unit as the Danish shipping and petroleum conglomerate loses Qatar, the biggest field in its portfolio. “We’re getting some resources freed up now,” Maersk Oil Chief Executive Officer Jakob Thomasen said in an interview. “We appreciate the clarity that we now have after Qatar ...

Read More »

Spanish economy grew 0.7% in second quarter: Bank of Spain

  Bloomberg The Spanish economy probably grew 0.7 percent in the second quarter as increased employment and favorable financing conditions supported consumption, the Bank of Spain said. Most recent data continued to show “robust growth” even as expansion of business investment showed a certain slowdown, the regulator said in its monthly economic bulletin published on Tuesday, citing preliminary data from ...

Read More »

Venezuela’s oil output decline accelerates as drillers go unpaid

  Bloomberg Venezuela’s oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments. The Latin American nation’s oil production, which generates 95 percent of export revenue, will decline by about 11 percent to 2.1 million barrels a day by ...

Read More »
Send this to a friend