June, 2017

• 11 June

  Public-private partnership in focus at DCCI meet on ‘Year of Giving’

  

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted its annual Dubai Dialogue conference at its premises which focused on the UAE’s Year of Giving and highlighted the important role that public-private partnerships can play in achieving the objectives of the national initiative. The event, organised by the Chamber’s Centre for Responsible Business, was attended by 150 ...

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• 11 June

  UAE companies urged to secure IoT alongside IT

  

  Dubai / Emirates Business The Internet of Things (IoT) continues to gain a strong footing in the GCC across different sectors ranging from manufacturing and transportation to energy. The vulnerability of IoT to external cyber threats remains high – in fact even higher than traditional IT – a Booz Allen Hamilton report highlighted. The Booz Allen Hamilton IoT Field Guide ...

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• 11 June

  UAE’s SANAD launches largest lifestyle destination in Australia

  

  Dubai / Emirates Business The Dubai-based Najibi Investments announced on Sunday that its Australian development arm, SANAD Capital, revealed the brand of its AED 1 billion active lifestyle destination, which has so far been code named ACTVE. ACTVENTURE, will become the first and largest active lifestyle destination in Australia, bringing families and active sports enthusiast together in one extraordinary location. ...

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• 11 June

  Dubai Properties announces sale of Casa Viva townhouses

  

  Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, announced the launch of sales of Casa Viva, marking phase 3 of its family-friendly Serena community at Dubailand from Monday at the newly opened Dubai Properties Sales Gallery on the 9th floor in Vision Tower, Business Bay. The launch of the well-appointed and affordable ...

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• 11 June

  DEWA awards Hatta hydroelectric contract to EDF

  Dubai/ WAM Dubai Electricity and Water Authority (DEWA), awarded the AED 58 million consultancy contract for the pumped-storage hydroelectric power station at Hatta Dam to France’s EDF. The project is the first of its kind in the Arabian Gulf, with a total capacity of 250MW, and is expected to last between 60 and 80 years. The consultancy contract covers design, ...

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• 11 June

  Eagle Hills to build its second 5-star hotel in Fujairah

  

  Dubai / Emirates Business Eagle Hills has announced plans to build its second 5-star hotel in Fujairah in a bid to attract tourists and investment into the Northern Emirates. Located centrally in ‘Eagle Hills Fujairah Beach,’ the master-planned development by Eagle Hills in the city, the new ‘Palace Fujairah Beach,’ is a premium luxury hotel to be managed by Address ...

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• 11 June

  UAE markets free from salmonella contaminated chocolate: Ministry

  

  Dubai / WAM UAE markets are free from salmonella contaminated chocolate products, and not affected by the latest recall by chocolate maker Mars of certain batches of Galaxy, Maltesers Teasers and bags of Minstrels, the Ministry of Climate Change and Environment, MOCCAE, on Sunday said in a statement. Majd Mohamed Al Herbawi, Director of Food Safety Department at MOCCAE, said, “In ...

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• 11 June

  Gas boom seen snarling traffic at America’s Houston port

  

  Bloomberg A boom in natural gas exports from the US Gulf Coast is raising the prospect of traffic jams at one of America’s busiest ports. Weather delays from fog and storms are nothing new at the Houston Ship Channel, which links the prolific oil and gas fields of Texas and Louisiana to the rest of the world. But as more ...

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• 11 June

  Russia sees oil market balancing in first quarter as prices slip

  

  Bloomberg A deal among oil-producing countries to curb production and balance an oversupplied market will achieve its objective in the first quarter of next year, Russian Energy Minister Alexander Novak said, after prices slipped on news of a build-up in US inventories. The Organization of Petroleum Exporting Countries and other crude producers including Russia agreed on May 25 to extend ...

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• 11 June

  Oil from cut-exempt producers a threat for OPEC’s battle against crude glut

  

  LONDON / Reuters OPEC’s battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exempt from a global production-cutting deal, is swamping the Atlantic Basin. Nigeria has more than 60 million barrels of unsold crude, traders of its oil said, surpassing the level reached when global oversupply peaked two years ago. More ...

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