Business & Money | Sunday 14 August, 2016 10:21 am

Modules for first heat recovery steam generator on the way to Egypt

The modules for the first heat recovery steam generator (HRSG) for the Siemens Mega project in Egypt have begun their journey from South Korea to the Beni Suef power plant. On its arrival in mid-September, the boiler is scheduled to be installed at the plant. NEM, as part of Siemens, is delivering...

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Business & Money | Sunday 14 August, 2016 10:08 am

DAMAC Properties Dubai reports net profit of AED 1.94 billion in first half of 2016

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading developer of high-end property in the Middle East, today announced the financial results for the six months ending 30 June 2016.    During the first six months of 2016, DAMAC...

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Business & Money | Sunday 14 August, 2016 7:51 am

Dubai home rents to become cheaper

Average residential rents in Dubai dipped one per cent in the second quarter 2016 compared with first quarter, CBRE said on Wednesday, expecting “rental declines to continue in coming quarters.” “Although there are some signs of stability within specific sub-markets, we can...

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Business & Money | Sunday 14 August, 2016 7:47 am

2,280 hybrid taxis in Dubai by 2021: Al Tayer

The Roads and Transport Authority (RTA) has approved the five-year plan of the Dubai Taxi Corporation Projects & Investment Initiatives 2016-2021. The plan serves the strategic goals of the RTA to provide advanced transit systems capable of bringing happiness to users. "The five-year ...

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Business & Money | Sunday 14 August, 2016 7:45 am

Your drive to RAK is being carefully watched

Brigadier Dr. Mohammed Saeed Al Hamidi, Director General of Central Operations, Ras Al Khaimah Police, confirmed that speed radars installed last October have achieved an increase of 274.10 per cent in traffic violations, from cutting lanes to cutting red lights. The digital cameras installed...

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Business & Money | Sunday 14 August, 2016 6:49 am

Emicool wins contract for district cooling system for ‘AKOYA by DAMAC’ project

Emirates District Cooling LLC [Emicool] – a leading district cooling service provider in the region and a joint venture of Dubai Investments PJSC and Union Properties, has been awarded a multimillion concession contract for 25 years as the exclusive supplier to provide full-fledged district...

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Business & Money | Sunday 14 August, 2016 2:01 am

Unikai boosts its advanced HR management solution through partnership with Seidor MENA

Unikai, one of the Middle East’s biggest FMCG companies that is listed on DFM stock market, has nominated Seidor MENA, a multinational Dubai-based group of companies, to enhance its human resources system as the company is aggressively expanding its operations in over 29 countries...

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Business & Money | Saturday 13 August, 2016 5:01 pm

Al Meera records QR 102.4 mn net profit and 10.6% increase in sales for H1 2016

Al Meera Consumer Goods Company (QSC) recently disclosed its semi-annual financial statements for the period ended June 30, 2016, with net profit attributable to the owners of the company amounting to QR 102.4 million.  Commenting on the company’s achievement, Al Meera stated that for ...

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Business & Money | Saturday 13 August, 2016 4:54 am

Dubai looks to boost cultural life with opera house

A BOAT-SHAPED hulk of steel and glass at the foot of the world’s tallest tower, Dubai’s new opera house is set to boost the cultural life of the Gulf’s business hub. Workers are putting the final touches on the venue, a short walk from the 828-meter (2,700-foot) Burj Khalifa,...

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Business & Money | Saturday 13 August, 2016 1:17 am

Nike Debuts Unlimited Courage

NIKE, Inc. (NYSE:NKE) announced today its next film that aims to celebrate a summer of sport and encourage athletes everywhere to embrace their unlimited mindset.  “Unlimited Courage” celebrates an extraordinary athlete, Chris Mosier, and his unlimited determination and spirit...

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