Tuesday 26 September 2017

UAE's Visionscape acquires Belgian group's assets

Visionscape, a UAE-based environmental utility group providing turnkey solutions in areas of sanitation, energy and wastewater treatment, said it has completed the purchase of the business and assets of Belgian recycling plant leader Soreplastic. This transaction will enable Visi


Tata, thyssenkrupp to create steel giant

Thyssenkrupp and Tata Steel have signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture and create a leading European flat steel player to be positioned as quality and technology leader.    The new entity is


New UAE-Iraq team aims to boost bilateral trade

Senior government officials of the UAE and Iraq have agreed to form a joint working team or technical committee to enhance investment cooperation and to identify related priorities in key sectors of the Iraq as it undergoes reconstruction. Sultan bin Saeed Al Mansoori, UAE Minist


Seatrade summit to highlight fall in ship finance

A capital shortfall of billions of dollars in the shipping sector, this year alone, as European banks scale back ship financing operations will be discussed at the upcoming Seatrade Offshore Marine & Workboats Middle East (SOMWME) in Abu Dhabi, UAE. The event runs at the Abu


Gulf Capital announces sale of UAE portfolio firm

Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, has announced full exit from its portfolio company, Reach Employment Services, a leading manpower outsourcing company in the UAE, generating a return of over two times its original investment.


World Green Economy Summit to highlight role of innovation

The fourth World Green Economy Summit (WGES) 2017 in Dubai next month will highlight the role of innovation and technology in the transformation towards the green economy. The event will be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and P


Global air freight tonnage grows 11.8pc

The annual growth in air freight tonne kilometres (FTKs) accelerated to 11.8 per cent in the three months ended July, its fastest pace since late-2010, an International Air Transport Association (Iata) report said.   Airline heads of cargo remain positive about


DP World, IGY Marinas to build superyacht complex in France

Dubai-based global marine terminal operator DP World said one of its units P&O Marinas, has joined hands with top marina operator and developer IGY Marinas to build a major superyacht marina project in Sète (also called the “Little Venice” of France). Once


Serta launches new sleep system at The Hotel Show

Dubai Furniture Manufacturing Company (DFMC), a market leader in premium mattress segment in the Middle East, will launch Serta’s iComfort sleep systems at The Hotel Show, a leading hospitality event in the region. From September 18 to 20, Serta will showcase the iComfort r


DMCC signs strategic deal to boost China ties

Dubai Multi Commodity Centre (DMCC) has signed a partnership agreement with the Xi'an International Trade and Logistic Park at the Xian Dubai Free Trade Zone Economic Cooperation Conference 2017 in China. The Memorandum of Understanding (MoU) sets out to open doors for busine

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