August, 2016

• 22 August

  Energy investments in MENA to reach $900bn

  

    DUBAI / WAM A new report from Arab Petroleum Investments Corporation (APICORP), owned by Organisation of Arab Petroleum Exporting Countries (OAPEC) says that the total committed and planned energy investments in the MENA region could reach US$ 900 billion over the next five years. The report reveals that planned MENA investments in the energy sector are estimated at US$ 11 ...

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• 22 August

  ZOOM plans 150% growth in UAE

  DUBAI / Emirates Business ENOC Retail, Emirates National Oil Company’s retail business segment, announced ambitious growth plans of 150 per cent for its ZOOM stores network in the UAE by 2025 to cater to increasing customer demand and population growth. The company also aims to triple its turnover in the next 15 years. ZOOM’s growth plans include the opening of ...

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• 22 August

  Empower’s mobile chiller trailers

  DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, has launched mobile chiller trailers to ensure 24/7 uninterrupted district cooling service for the company’s customers. Ahmad bin Shafar, CEO of Empower, said, “This innovative project is part of our relentless efforts to continuously enhance our customer service principles and standards.

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• 22 August

  DED appreciates ‘Sugar Factory’

  DUBAI / Emirates Business The Department of Economic Development (DED) presented a certificate of appreciation to ‘Sugar Factory,’ the newly opened celebrity favourite American Brasserie in Dubai in honour of the unique concept being brought to the city under franchise by Tablez Food Company, the F&B division of leading retailer Lulu International Group. The certificate was handed over during a ...

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• 22 August

  Nakheel repays $1.2bn bond, ending debt saga

    Bloomberg Nakheel PJSC, the developer of Dubai’s palm-shaped islands, repaid an Islamic bond, bringing an end to a debt restructuring saga that pushed the emirate to the brink of default in 2009. The Dubai government-owned company transferred funds to agent Deutsche Bank AG yesterday to cover a 4.4 billion-dirham ($1.2 billion) sukuk maturing this month, Chairman Ali Rashid Lootah ...

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• 22 August

  Senaat posts 6% hike in net profit

    Abu Dhabi / WAM Senaat, a leading industrial investment holding company in the UAE, has announced a 6 percent increase in net profit and 2 percent increase in EBITDA for the first half of this year despite a challenging business environment, compared to the second half of 2015. After a challenging 2015, the group’s EBITDA remained steady at AED946 million ...

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• 22 August

  ‘Cyber Security Centre’ launched in UAE

    Dubai / WAM Smartworld and The Kernel have announced the launch of UAE’s first-of-its-kind ‘Cyber Security Centre’, which will train UAE nationals in cyber security and provide round-the-clock advanced security monitoring along with cyber threat management to companies across the government and private sector in the UAE. A strategic partnership for setting up the centre was signed between the two ...

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• 22 August

  SBWC, UHS launch ‘Health is Key to Success’ plan

  

    Sharjah / WAM Sharjah Business Women Council (SBWC), an affiliate of NAMA Women Advancement Establishment, has launched a new wellness programme entitled, ‘Health is Key to Success’. The initiative, which is being conducted in conjunction with the University Hospital Sharjah, UHS, aims to discuss wellbeing-related issues in the workplace and to encourage women to be mindful about the effects of ...

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• 22 August

  TRA concludes second Summer Innovation Camp

  

    Dubai / WAM Over 2,000 students have participated in second Summer Innovation Camp of the Telecommunications Regulatory Authority (TRA) which was organised to support an innovation culture and urge youths to find innovative solutions as well as encourage them to speak out on their creative ideas in more than 24 activities. Most activities were focused on technical and IT skills, ...

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• 22 August

  ACTVET launches training programmes

  

    Abu Dhabi / WAM The Abu Dhabi Centre for Technical and Vocational Education and Training (ACTVET) on Sunday launched a new cycle of its “Life Skills 2016”, an initiative consisting of 20 training programmes, in collaboration with 19 educational institutions from across the UAE. The move is in line with the recent call of His Highness Sheikh Mohamed bin Zayed ...

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