Sharjah / WAM After a successful debut last year, Expo Centre Sharjah has announced that it will host the second edition of the ‘HIVE Furniture’ Show, the region’s first dedicated event focusing on big box retailers and wholesale traders, from June 13 to 16. The announcement was made on the sidelines of a signing ceremony between Saif Mohammed Al ...
Read More »Upgraded Saih Al Dahal Road to open in May
DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) announced that it would open this May Saih Al-Dahal Road Improvement Project which links Saih Al-Salam Road with the Mohammed bin Rashid Al Maktoum Solar Park. The old single-lane road is being removed and replaced by a dual carriageway extending 11 km comprising two lanes in each direction, along with ...
Read More »UAE-funded dates processing plant begins its operations in Pakistan
PANJGUR / PAKISTAN / WAM The UAE Pakistan Assistance Programme (UAE PAP) has announced the start of commercial production at Dates Processing Factory Punjgur in Pakistan, which was built in Panjgur district, Balochistan province by UAE PAP and funded by the Abu Dhabi Fund for Development (ADFD) at a cost of $6.36 million. The project was carried out under the ...
Read More »Sheikh Maktoum approves DIFC Courts’ 2022-24 work plan
Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and President of the Dubai International Financial Centre has approved the Dubai International Financial Centre (DIFC) Courts Strategic Work Plan 2022- 2024. Encapsulated within a four-pillar mandate, the new three-year plan outlines an ambitious drive for full ...
Read More »Future Mattress to tap UAE mattress market
Dubai / Gulf Time A leader in UAE mattress market Future Mattress, has announced its plans to capture 20% market share in the mattress sector in the UAE. This was revealed by Muhammad Adil Mirza, CEO, Phoenix Medicines LLC and Future Mattress at recently organized Iftar dinner organised by his group in a leading Dubai hotel, adding that his ...
Read More »MBRCH raises total contribution to 1Billion Meals initiative to AED31m
Dubai / WAM The Mohammed bin Rashid Al Maktoum Humanitarian & Charity Establishment (MBRCH) has increased its donation to the 1 Billion Meals initiative, the region’s largest campaign for providing food support to the disadvantaged and underprivileged in 50 nations around the world, to AED31 million. They contributed an additional AED11 million on top of the AED20 million they ...
Read More »Expo Centre Sharjah to host ‘Hive Furniture’ Show in June
Sharjah / WAM After a successful debut last year, Expo Centre Sharjah has announced that it will host the second edition of the ‘HIVE Furniture’ Show, the region’s first dedicated event focusing on big box retailers and wholesale traders, from June 13 to 16. The announcement was made on the sidelines of a signing ceremony between Saif Mohammed Al ...
Read More »Mozambique plans to establish wealth fund for $96b gas project
Bloomberg Mozambique plans to establish a sovereign wealth fund later this year as it prepares to start natural gas exports that the government says may generate $96 billion of revenue for the world’s third-poorest nation. The authorities are in the process of finalising draft legislation that will govern the management of the fund, Finance Minister Max Tonela said in ...
Read More »Poland may end Russian gas reliance by October: Shell
Bloomberg Poland could be free of its Russian gas dependency by October when a new pipeline into the country is set for completion, according to Shell. A report commissioned by the energy major’s Polish unit said that “a complete abandonment of oil from Russia is possible, but the process will lead to higher prices for fuels and other products.†...
Read More »Glencore cobalt mine scrutinised as Congo reviews deals
Bloomberg Democratic Republic of Congo added Glencore Plc’s giant Mutanda copper and cobalt operation to a list of projects that could face renegotiation, just as the key battery metals mine is in the process of restarting. The move to probe Mutanda comes as Congo President Felix Tshisekedi increases his scrutiny of extractive deals made under his predecessor, Joseph Kabila. Congo ...
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