The International Youth Nuclear Congress and the UAE Permanent Representation to the International Atomic Energy Agency co-hosted a side-event at the 62nd IAEA General Conference in Vienna, Austria Young professionals from the UAE, USA, China, Russia and France share their views on the future of nuclear energy and technology Dubai, UAE, September 20, 2018: The International Youth Nuclear Congress (IYNC) and the United Arab Emirates (UAE) Permanent Representation to the International Atomic Energy Agency (IAEA) facilitated a discussion on the role of young people in the future of the nuclear industry with representatives from around the globe. The two organizations co-hosted a side-event at the 62nd IAEA General Conference today, with opening remarks from Ambassador Hamad AlKaabi, Permanent Representative of the UAE to the ......read more
ENEC participates in 62nd Annual Regular Session of the IAEA General Conference, UAE side event and International Youth Nuclear Congress event ENEC CEO updated the attendees on the status of the Barakah Nuclear Energy Plant Project Abu Dhabi, UAE – 19 September 2018: The Emirates Nuclear Energy Corporation (ENEC) participated in the 62nd Annual Regular Session of the IAEA General Conference, taking place at the IAEA International Center in Vienna, Austria, from 17 to 21 September 2018. The ENEC delegation to the Conference is led by Eng. Mohamed Al Hammadi, Chief Executive Officer of ENEC. Eng. Mohamed Al Hammadi delivered a speech during the special event hosted by the UAE on the side-lines of the General Conference, in which he updated attending officials and representatives from IAEA member ......read more
Dubai, UAE; September 19, 2018: Hormann, a leading provider of doors and gates in the region, has introduced a new door type- V4015 SEL Alu-R, that comes with an innovative tubular drive and high-speed process, making it ideal for tight spaces. It is safe and economical as it is equipped with the standard light grille and SoftEdge profile for a high level of security, to prevent door system damage by stopping the door immediately if a person or vehicle is in the door opening. These features make the door suitable for different sectors including general stores, hotels, homes, food and beverages stores, textiles, and furniture stores. “The flexible V4015 door is a great choice for those who have a limited space. It is developed keeping our client needs in mind regardless of the size of the space they have,” said ......read more
Dubai, September 18, 2018: As residents look to enjoy their outdoor space during the cooler months, home improvement and lifestyle store, Al-Futtaim ACE has the perfect solution to refresh or revitalize their garden or balcony. The Al-Futtaim company has just launched its exciting Outdoor collection with hundreds of new products that will provide plenty of inspiration for customers to decorate their outdoor living space. Whether it is alfresco dining, barbeque parties, camping or off-roading, picnics, gardening or celebrating the festive season, the collection includes new and exclusive products that are on-trend and offer great quality and good value for money. This year’s collection features an extensive range of products from outdoor furniture, barbeques, lawn mowers, swings, camping and automotive accessories ......read more
The renowned French outdoor furniture brand for hotels and resorts will display the latest collections and innovative designs from September 16-18, 2018 - DWTC Dubai, UAE, September 15, 2018: Mousses Etoiles, a leading French manufacturer of luxurious outdoor furniture, will be exhibiting their latest range at The Leisure Show Dubai, from the 16th to the 18th September in Hall 7 stand number 7E308 DWTC. Mousses Etoiles which has already begun providing UAE’s most prestigious hotels, will be looking forward to meeting and interacting with more hospitality professionals visiting the show. Since 1992, Mousses Etoiles, a privately-owned family business, has been designing and manufacturing high quality outdoor furniture for five-star hotels, restaurants, beach clubs and luxurious villas. ......read more
Enjoy a wide variety of designs and combinations to suit every budget at one of the biggest bedroom festivals this year! PAN Emirates launches bedroom festival up to 70 per cent discounts PAN Emirates offers pre-arranged sets from cost effective Dubai, United Arab Emirates, September 12, 2018: PAN Emirates Home Furnishings, the leading home-grown indoor, patio, and outdoor furniture brand in the region, continues to offer great value to it’s loyal customers with the launch of the bedroom festival. During the festival, shoppers can enjoy discounts of 30 – 70 per cent, from a variety of Victorian, Rustic, Country, Spring, Boho, Classic, Transitional and Modern designs. In order to make the shopping experience more convenient, the store will pre-arrange the bedroom sets, so it’s ......read more
5MW Ile de Romainville Solar Park being developed with financing worth AED31 million from Abu Dhabi Fund for Development as well as funds from PUC’s own equity Solar PV project to be integrated with existing 6MW Port Victoria Wind Farm and PUC’s existing power station Abu Dhabi, United Arab Emirates; Sept 12, 2018 – Masdar, Abu Dhabi Future Energy Company, will help the Public Utilities Corporation (PUC) in building a five-megawatt (MW) solar photovoltaic (PV) power plant with battery storage in the Republic of Seychelles The project is being financed by a AED31 million loan from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, as well as funds from PUC’s own equity. The project’s engineering, procurement and construction (EPC) contract ......read more
Renowned interior designer, Perry Hanssen showcases contemporary kitchen spaces with SieMatic UAE Dubai, UAE, September 12, 2018: The kitchen is probably the most used room in any home, so why not make it a space you enjoy spending time in. Introducing innovative German designed kitchens from SieMatic UAE, which is retailed at Al Gurg Lifestyle. SieMatic offers customers a unique luxury experience to create and customise their dream kitchen, to fit any space and environment, be it sophisticated, elegant or classic. Perry Hanssen is the creative force behind SieMatic’s ‘Urban Living’ range, a contemporary collection of kitchens, premiered in 2015 and is also responsible for the new Pure and Classic Collection. Overall SieMatic kitchens are divided into three collections; Classic, ......read more
Meets every modern bathroom’s desire to balance functionality and aesthetic appeal Dubai, September 12, 2018: Ideal Standard, one of the leading providers of innovative bathroom solutions operating across Europe, Middle East and Africa, has unveiled Esedra – a classic contemporary ceramic range that ticks every box in the requirement list of a modern bathroom space, which will not compromise on practicality or aesthetics. The new line designed by Studio Levin exudes a fresh, energetic aura, clean lines and soft rounded shapes, all married together in perfect harmony. Esedra was created to meet the demands of contemporary life, offering striking design with practical levels of efficiency and unrivalled comfort right down to the smallest detail. One look at Esedra’s toilet bowls, ......read more
September 11, 2018 - Dubai UAE: A 2016 report by McKinsey & Company found that 14 percent of millennials said they would not work in the oil and gas industry because of its negative image – the highest percentage of any industry. With millennials set to comprise 75 percent of the workforce by 2025, it is imperative companies within the oil and gas industry do more to attract younger talent. In recent years, the oil and gas industry has seen the landscape in which it operates undergo significant change, marked by a West-East shift in socio-political and economic power and influence. This shift in influence is perhaps most exemplified by the long-awaited free trade agreement (FTA) between the European Union (EU) and the Gulf Cooperation Council (GCC). The six countries of the GCC represent an important ......read more
As per the latest industry recommendations to reinforce UAE’s prominent position The first event of its kind that gathers decision makers in the maritime industry to discuss methods to develop the legal and procedural framework of the UAE ports in addition to improving the efficiency of its infrastructure and technology Dubai – United Arab Emirates – 11th of September 2018: Under the patronage of the Federal Transport Authority for Land and Maritime “FTA”, Tactics Maritime Media and Marasi News have successfully arranged “The UAE Maritime Leaders Roundtable Discussion” under the theme of “To what extent do the UAE ports meet the current demands of the shipping industry?”. The event brought together prominent UAE maritime leaders from private and government sectors ......read more
Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia Dubai, UAE, September 10, 2018: Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia. This new venture combines Hughes deep expertise as the global leader in broadband satellite networks and services with Yahsat’s unique position and knowledge as the leader in satellite broadband solutions across these regions. Hughes will purchase a minority interest in the ......read more
Dubai, UAE, September 09, 2018: SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq. “We continue to build on our long-term relationship with LUKOIL and to help them realize their projects successfully. Once again, we look forward to demonstrating our expertise in the delivery of professional services and our enviable reputation that has been earned in the region for over 50 years,” said Christian Brown, President, Oil & Gas, SNC-Lavalin. “We are well established in the Middle East and have worked closely with national and international oil companies and Iraq’s Ministry of Oil on projects across the value chain, ranging from professional services to engineering and ......read more
Effective 11 September 2018, employment across four sub-sectors within the retail sector in Saudi Arabia will be restricted to Saudi nationals only. Foreign nationals will be prohibited from working in forty-three different professions. September 09, 2018: Thirteen professions across three additional sub-sectors will be subject to restrictions effective from 9 November 2018, and forty-four designations within five other sub-sectors will be affected from 7 January 2019 onwards. Affected sub-sectors Professions restricted to Saudi nationals are within the below listed sub-sectors: From 11 September 2018 onwards: Automobile and motorbike showrooms; Shops selling ready-to-wear apparel, children and men’s cloths; Shops selling ......read more
Dubai, UAE; September 06, 2018: Hormann, a leading provider of doors and gates in the region, has introduced V2012 - a specialized door for supermarkets. This fully equipped door is a safe internal door for commercial enterprises with high customer frequency. The door comes with an operator and shaft cover manufactured with standard light grille (monitoring height 350 mm) and automatic emergency opening via a counter weight. These features make the flexible plastic curtain door a safe choice for indoor areas with high customer footfall. It is also possible to print the curtain individually and customize it to match the interiors of the establishment. Darius Khanloo, Managing Director, Hormann Middle East & Africa, adds: “V2012 door is developed to meet high safety standards demanded by the industry. It is perfect ......read more
Dubai, UAE, September 05, 2018: Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia. Further to an agreement announced on 24 May 2018, Gazprom Neft has now completed its sale of a 49-percent interest in Gazpromneft-Vostok LLC, operator of 13 fields, to Mubadala Petroleum and RDIF. Following the completion of this transaction Gazprom Neft now holds a 51-percent interest in the joint venture, with Mubadala Petroleum and RDIF holding 44 percent and five percent equity, respectively. Gazpromneft-Vostok remains a subsidiary of Gazprom Neft, and will continue to operate the fields. The ......read more
Dubai, United Arab Emirates – 5th September, 2018: Eros Group, distributor of world-renowned brands like Samsung, Hitachi, Linksys, TCL, Midea, Sonos and many more unveiled exciting promotional offers for Midea products. This offer will run from the 6th of September till the 6th October 2018 only at Midea Showroom, Eros Digital Home, Level 2, Burjuman. Patrons will be able to avail a free Midea product with every purchase of a Midea product. Spend (excluding VAT) AED 200 to AED 499 and get a Midea Handheld Vacuum Cleaner worth AED 99, AED 500 to AED 999 and get a Midea Hand-blender worth AED 149, AED 1,000 to AED 1,499 and get a Midea Microwave worth AED 199, and lastly spend AED 1,500 and above and get a Midea Oven Toaster Grill worth AED 299. Mr. Niranjan Gidwani, Chief Executive Officer of Eros Group said, ......read more
Dubai, September 05, 2018: Caparol Paints, a global provider of German paint and coating solutions, provided professional training to a group of 15 Architects and Interiors stream students of Ajman University in infrastructure painting system as part of the Solar Decathlon Middle East (SDME) competition. The team of 15 students under the name “Team Aqua Green” received training lessons from experts at Caparol in innovative painting systems using Caparol’s latest range of products. They were also taught the practical lessons on how to paint their houses by themselves. Brand experts also provided information on sustainability and sustainable paints. The SDME was created through an agreement signed between Dubai Electricity and Water Authority (DEWA) and the Department of Energy of the USA, in June ......read more
Dubai, UAE, September 04, 2018: A collaboration between Masdar, Taaleri Energia and the German development finance institution DEG to develop the largest utility-scale commercial wind project in Serbia has successfully reached a number of key milestones, and is on schedule to start production early next year. Čibuk 1 in Dolovo, situated 50km outside the capital Belgrade, has completed the construction of 33 overhead pylons allowing for the energisation of the wind farm’s substation, its connection to existing transmission lines 11km away, and the handover of the transmission operation building to its operator. Comprising 57 wind turbines supplied by GE Renewable Energy, the 158-megawatt (MW) wind farm is expected to provide electricity to 113,000 homes and displace more than 370,000 tonnes of carbon ......read more
Abu Dhabi, UAE, September 04, 2018: The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the changing energy system. The conference agenda this year will focus on the future of oil, the digitization of energy, diversification in energy companies and countries, and will have a regional focus on East Asian energy demand and energy innovation. Last year’s event brought over 450 people to Abu Dhabi from around the world, including CEOs, Ministers, global media, and industry experts. The forum will ......read more
City Centre Mirdif opens with VIP event and weekend sales Dubai, UAE, 3 September 2018: Danish retail chain, JYSK, pronounced ‘yusk’, has today announced the opening of its second store located in City Centre Mirdif with a grand VIP launch and family fun activities over the weekend. Following the hugely successful opening of its debut location in Umm Suqeim earlier this year, the Scandinavian homeware pioneers are now offering consumers even more choice in their new outlet. During the opening weekend (30th August – 1st September) families are encouraged to head down and avail the brands numerous offers as well as face painting and balloon bending for the little ones. The new store caters to all your needs in making your house a home and boasts the city’s most ......read more
2XL also offers customers the chance to win 100 Swiss gold bars during the month of September Dubai, UAE; 03 September, 2018: 2XL Furniture and Home Décor, the leading luxury furniture and home accessories brand in the UAE, has launched their Hemlock corner sofa set in dark grey for modern living rooms. Hemlock corner sofa is both stylish and flexible. The polyester fabric and foam of the sofa makes for a comfortable seating experience. You can add the Hemlock ottoman to add more seating options. To create a more vibrant atmosphere, colorful cushions would be a great choice. The color of the sofa is very basic and goes very well with any wall color or wallpaper. Joining side tables is never a bad choice, Dion and Desi golden side tables from 2XL will perfectly match with Hemlock dark grey sofa set. One can ......read more
2 September 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at FANR’s headquarters by Christer Viktorsson, Director General of the Federal Authority for Nuclear Regulation, and Dr. Arif Sultan Al Hammadi, Executive Vice President of Khalifa University. According to the new agreement, FANR and KU will continue their joint work on the Advanced Thermal-hydraulic Test Loop for Accident Simulation Project Phase 2 (ATLAS-2), an international project jointly organized by the Organization for Economic Co-operation ......read more
Dubai, August 19, 2018: Caparol Paints, the German leader in the global paints industry, recently signed strategic partnership agreements with a number of contractors from Iraq to increase its market reach in the country. Caparol hosted contractors from various parts of Iraq to provide them with firsthand experience of Caparol’s paints and techniques. This is part of Caparol’s growing interest in the region and increasing its reach across the Middle East. The contractors were given insights on various Caparol paint techniques, the strength of the brand and the paints that will be ideal for the Iraqi market. With the aim to market Caparol across Iraq, Caparol will also participate in an industry event scheduled to be held in November. Caparol aims to showcase its products to a larger ......read more
Newly launched 2019 catalogue makes its way to the UAE celebrating the different ways we live at home Dubai, United Arab Emirates, 16 August 2018: IKEA, the region’s favourite Swedish home-furnishing retailer, has launched the 2019 catalogue in its 75th year, at an exclusive event at Marsa Plaza - Dubai Festival City, Residential Apartments by celebrating the many different needs that people have in their lives at home and inviting them to feel alive again. As one of the most widely distributed prints in the world, produced in 35 accessible languages, the catalogue is now available in the UAE. This year, seven homes have been created as the base for the IKEA catalogue. They each tell stories of different lives, and the catalogue invites the world to an “open house” in these homes which are ......read more
August 29th, 2018 – Emerson has recently opened its Middle East and Africa Flow Service Center at its Dubai campus. The facility will operate as a service center for customers in the Middle East and Africa. “The establishment of the Flow Service Center on Emerson’s Dubai campus reflects our ongoing commitment to the Middle East and Africa region, providing accessible local and certified services,” said Jeff Householder, president – Middle East & Africa, Emerson Automation Solutions. The National Metrology Institute of the Netherlands has provided ......read more
“As the nation prepares to celebrate the 4th Emirati Women's Day under the theme ‘Women on the Course of Zayed’ to honor the achievements of Emirati women and their contributions to the UAE’s development and prosperity through local, regional, international and leadership positions, the outstanding progress made by women across all professional and technical sectors is sure to inspire future generations to pursue excellence with confidence and pride. Thanks to the unceasing support and guidance of the wise leadership, Emirati women continues to soar to new heights ......read more
Dubai, UAE; 15 August, 2018: 2XL Furniture and Home Décor, leading luxury furniture and home accessories brand in the UAE, has launched their stylish Nicola dining table and chairs designed to make dining an experience to be cherished. The set consists of a stunning grey and golden dining table and six chairs, all made of fine beech solid wood. The chairs are cushioned and stylishly designed with golden tinge on the edges. The dining table legs are a classic style with golden colour rims. Nicola dining table and chairs are perfect for a great meal with friends and ......read more
Dubai, UAE, August 14, 2018: HireRight, a leading provider of global candidate due diligence services, has announced findings from its 2018 EMEA Employment Screening Benchmark Report. Finding, retaining and developing talent has been earmarked as a key challenge this year for more than half (52%) of EMEA businesses, according to the latest annual EMEA employment screening benchmark report from HireRight. In this year’s survey of human resource (HR) and risk professionals in Europe, the Middle East and Africa (EMEA), employee growth emerged as one of the top priorities for EMEA ......read more
Dubai, UAE, August 13, 2018: A new study from the Conservation Ecology Research Unit (CERU) at the University of Pretoria set out to unravel migration in the world’s largest terrestrial mammal - the savanna elephant. Migration, a term often associated with wildebeest in the Serengeti, is more common amongst large mammals than one might think, particularly in species that inhabit highly seasonal environments. A common assumption is that elephants also migrate but until now there has been a lack of evidence to support this notion. “We know elephants can move long ......read more
The Dubai Maritime City Authority (DMCA) announced its success in achieving advanced levels of operational efficiency in commercial anchoring operations within Dubai's territorial waters, thereby achieving significant progress in the upgradation of regulatory and marine processes and operational procedures for berths. Six berths and a special Rendezvous area for quick berthing have been allocated depending on the vessels’ lengths and the nature of their respective operations, in line with the efforts to lay the foundations for integration of maritime safety, safe navigation and ......read more
Dubai, UAE, August 11, 2018: 2XL, the homegrown luxury furniture and home décor brand, has upgraded their e-commerce services with the launch of ‘cash on delivery’ option on orders of accessories worth AED 500 to AED 2000. The user-friendly website- www.2xlme.com- features latest products from 2XL’s collections. All products are delivered in three working days within the UAE and the cash on delivery is from AED 500 to AED 2000 on accessories only. According to Amit Yadav, Marketing Manager, 2XL Furniture and Home Décor, “E-commerce is now an important ......read more
August 09, 2018 - As part of its bid to become one of the world’s major import and export hubs, King Abdullah Port - the Kingdom of Saudi Arabia’s (KSA) first fully privately owned, developed and operated port - has joined the elite list of Gold Sponsors of the premier Seatrade Maritime Middle East (SMME) 2018 in Dubai in a move that reflects its firm, unwavering support for the growth of the regional maritime industry. Seatrade Maritime Middle East 2018, the region’s premier maritime exhibition and conference, will be held at the Dubai World Trade Centre from October 29 ......read more
Reaffirming its commitment to promote, develop and regulate the maritime sector, the Dubai Maritime City Authority (DMCA) continues to oversee the improvement of the regulatory and operational procedures for berths in Dubai, in line with the strong efforts to accommodate the growing demand for marine, commercial, tourism, sports and recreational vehicles, while ensuring the maritime safety, safe navigation and operational efficiency along the coastlines. The follow-up of marine operations within Dubai's territorial waters is part of the Authority's commitment to improve maritime ......read more
Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies Dubai, United Arab Emirates, 07 August 2018: In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report by Oliver Wyman. Titled “How Public-Private Partnerships can support the Gulf’s Economic development,” the report highlights the significance of the private ......read more
Winner(s) will be announced at the “Unlocking Solar Capital: Africa 2018” conference in November Dubai, UAE, August 07, 2018: Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge. The initiative held under the theme, “Your Project, Our Expertise, For a Sustainable Future”, will be held in collaboration with Hogan Lovells, ......read more
Q2 2018 (Million KD Q2 2017 (Million KD) Variance (%) H1 2018 (MillionKD) H1 2017 (Million KD) Variance (%) Revenue 384.2 342.1 12.3% 756 662.6 14.1% Net Revenue 124.3 117.8 5.5% 248.9 228.6 8.9% EBITDA 37.1 32.6 13.6% 74.8 63.4 18 % Net ......read more
Unit 2 Hot Functional Test (HFT) completed successfully as part of testing and commissioning in preparation for operation Nawah operators benefit from unique plant operating experience Abu Dhabi, UAE – 6 August 2018: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and ......read more
A formula for styling coffee tables Dubai, UAE, August 06, 2018: Coffee tables have been a focal point of any living room for years. This piece of furniture is put to a myriad of uses every day. It can be used as a display for a fresh set of roses or an enticing book. A well-designed table can complement the look and decor of the space. However, choosing the right table is the first crucial step. A coffee table reflects the owner’s style and choice. Home and Soul Dubai, a lifestyle concept store, consists of pieces from destinations dotted around the globe that ......read more
Preparations are now underway for the coming hosting of ‘UAE Maritime Week 2018,’ a first-of -its-kind event on the regional map that is being held under the patronage of His Highness (H.H.) Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council. The event, which is being organized by the Dubai Maritime City Authority (DMCA) from October 28 to November 1, 2018, is expected to attract international attention as it serves as a strategic platform for international maritime industry leaders to explore the future of the maritime ......read more
Abu Dhabi, August 04, 2018: Abu Dhabi Smart Solutions and Services Authority (ADSSSA) announced plans to launch five new customer journeys by end of 2018, following the launch of its pioneering initiative TAMM, the Abu Dhabi government services solutions through an integrated journey focused approach and deliver integrated and personalized customer experiences. The plans were discussed during a workshop held recently in the presence of Director Generals and Executives of 10 government entities. Representatives from the Department of Health, General Directorate of Residency and Foreigners ......read more
2 August, 2018 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its consolidated financial results for the first half of 2018. The company continues to meet the region’s growing demand for district cooling and deliver solid performance and growth. Financial highlights – six months ended 30 June 2018: Net profit attributable to the parent increased by 10 per cent to AED 211.9 million (H1 2017: AED 192.7 million) Group revenue increased ......read more
Core revenues increased by 2.6% to AED 678.4m year on year Tile and sanitaryware revenues increased 2.7% in UAE, 17.2% in Saudi Arabia, 2.2% in India and 6.0% in Europe year on year. Tableware revenue increased 25.5% year on year due to growth in Europe and US markets Core gross profit margin reached an all-time high of 34.7%, increasing by 50bps Ras Al Khaimah, United Arab Emirates, 02 August 2018: RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the largest ceramics’ brands in the world, announced its financial results for the second quarter ......read more
Dubai, UAE, August 01, 2018: One cannot deny that the bathroom is one of the most used rooms in our home, so it gets difficult to keep it tidy and organized. Transforming the bathroom into an exciting and comforting space is not easy. Everyone’s bathroom is different and there’s no one-size-fits-all formula. However, the right tips to keep the bathroom organized and uncluttered, using the right mix of furniture and accessories can make all the difference in creating a sense or orderliness and space. Ideal Standard, one of the leading providers of ......read more
The Dubai Maritime City Authority (DMCA) today discussed the pilot launch of the ‘Local Cruise Ship License System’ with Major General Pilot Ahmed Mohammed Bin Thani, Acting Commander-in-Chief of Dubai Police. During the meeting, DMCA stressed the importance of the qualitative step in establishing solid foundations to promote marine leisure sector in line with Dubai’s bid to become one of the world's leading maritime destinations. The new system will allow access to services using smartphones as DMCA continues to intensify its smart transformation initiatives for easier, ......read more
Reports 2Q18 EPS of $1.71, up 8.2%; Adjusted 2Q18 EPS of $1.94, up 23% International Operating Profit up 8.4%; Adj. Operating Profit Climbed 15% Average Daily Exports Increased 9.5%, Led by Europe Supply Chain & Freight Operating Profit up 1.9%; Adjusted Operating Profit Rose 17% U.S. Domestic Revenue Increased 6.3% on Higher Base Pricing YTD Cash from Operations was $7.2B and Free Cash Flow Surged to $4.4B Reaffirms 2018 Adjusted EPS and Raises Free Cash Flow Guidance to $5B Dubai, UAE, July 30, 2018: UPS (NYSE:UPS) today announced ......read more
Dubai, UAE; 30 July, 2018: 2XL, the homegrown luxury furniture and home décor brand in the UAE, has created a grand look for the bedroom with the launch of its Florenza bed in golden hue with a tinge of cream colour. The beautiful tufted style of the bed gives the room a sophisticated, glamourous look. The artfully crafted legs add a touch of opulence to this elegant bed. The matching nightstands complete the look and are perfect for storing away essentials. According to Amit Yadav, marketing manager, 2X: “Florenza bed pulls off a look that is clean and grand at ......read more
July 28, 2018. Dubai, UAE: The Dubai Maritime City Authority (DMCA) has announced that it will participate in the 2018 edition of the Shipbuilding, Machinery and Marine Technology (SMM) Hamburg Exhibition in Germany alongside the Dubai Chamber in September. The largest technology and marine equipment exhibition will be held from September 4 to 7, 2018, in Hamburg, a major port city in northern Germany. The world’s number one trade fair for the maritime industry will provide DMCA with a global platform to showcase Dubai’s leadership and standards of excellence as one of the ......read more
Abu Dhabi, UAE – 25 July 2018: Nawah Energy Company (Nawah), the nuclear operating joint venture company established by the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), celebrated the graduation of 195 students who are specializing in nuclear energy as part of the ‘Energy Pioneers’ scholarship program. The graduates successfully completed nuclear science and technology focused courses from various institutions of higher education in the UAE and abroad, including Khalifa University (Abu Dhabi), Abu Dhabi Polytechnic, ......read more
Abu Dhabi, July 23, 2018: Ducati UAE, part of Al Masaood Group, a highly diversified group of businesses, participated in the World Ducati Week on its 10th edition held recently in Misano, Italy where thousands of Ducati bike rider champions and enthusiasts from around the world gathered for a three-day celebration featuring a wide range of exciting activities such as racing, riding courses, and Italian-style summer entertainment. The event was attended as well by this year’s Rookie Cup champion, Lara Pepler and members of the Ducati Owners Club UAE. The 10th World Ducati Week, which ......read more
