We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

THE ECONOMY - INDUSTRY

Industry emerges biggest earner after oil

Posted on 03/12/2003

Heavy investment by the public and private sectors boosted the industrial sector's share in the domestic economy to 13.5 per cent last year. Industry is now the second biggest component after oil, according to local estimates, a report in +Gulf News+ said. The value of the manufacturing sector's contribution to gross domestic product peaked at nearly Dh33.5 billion (US$9.12 billion) last year, second only to the oil sector's value of around Dh72 billion (US$19.6 billion). "Last year, the ...  >>MORE

Dubai emerges as hub for printing industry in region

Posted on 03/12/2003

Dubai has emerged as the hub for the printing industry in the region as increasing number of jobs come to the emirate from both Europe and the Far East, which was once a preferred destination for printing. Fahid Al Gergawi, director of trade and business development department of Dubai Chamber of Commerce & Industry (DCCI), said that Dubai is ahead of East Asia both in terms of quality and price and as such lots of businesses are now moving to the emirate, which is poised to see both in growth ...  >>MORE

Seven UAE banks in loan syndication for Tabreed

Posted on 17/11/2003

Seven UAE banks are participating in the syndication of a Dh700 million loan for the Central District Cooling Co (Tabreed). Five banks are members of the lead arranging group with commitments of Dh72.5 million each and the other two form the second tier group committing Dh48 million and one committing Dh24 million. The size of the loan was increased to Dh700 million from Dh450 million after the banks responded favourably, the Middle East Economic Digest (MEED) reported earlier. The loan will ...  >>MORE

UAE garment industry to stabilise in medium term: EIB report

Posted on 12/11/2003

The UAE garment industry, is expected to face a further decline in the immediate term due to demise of low value added garment products, but in the medium term, the industry is likely to stabilise and may opportunities to grow in the long term, which would depend of the kind of facilities offered in the UAE and in competing countries, according to a new study released by the Emirates Industrial Bank, EIB. The EIB report stated that the decline of the UAE garment industry has been well noted ...  >>MORE

Ducab wins Dh4m deal for Formula 1 project

Posted on 10/11/2003

Dubai Cable Co (Ducab) has won a cable supply contract valued at Dh4 million for the Bahrain Formula 1 International Circuit racetrack. One of the key components of the project is the availability and the continuous supply of power. Based on capacity and meticulous calculations, project consultants arrived at the exact power requirements, according to reports in the UAE's dailies. Ducab cabling will precisely meet these requirements to ensure a steady supply of power, according to a ...  >>MORE

Russian firm may invest Dh25m in UAE's steel services industry

Posted on 04/11/2003

Conares Metal Supply Ltd, part of the Mechel Steel Group of Russia, plans to invest over Dh25 million in the UAE's steel service industry. The Mechel Group is one of the biggest steel manufacturers in Russia with a little over 10 per cent share in the 50 million tonne Russian steel market. Vladimir Iorich, chairman of the Group, told Gulf News that the UAE and the rest of the Middle East region has tremendous growth potential and the demand for steel is expected to grow at a rate of 20 to 25 ...  >>MORE

Land finally allotted for Dubai Textile City

Posted on 03/11/2003

A six million square foot plot of land has been allotted for the Dubai Textile City (DTC) project in Warsan, located en route to Al Aweer. Investments will entail over Dh200 million, with construction work scheduled to start later this month and completion in 18 months, according to a top official with Texmas, the grouping of textile trading firms. It may be recalled that the project was announced two years ago. "The land has been allotted by Dubai Customs. The textile trade in Dubai is ...  >>MORE

Dubai Investments net income rises

Posted on 03/11/2003

Dubai Investments, the leading diversified industrial group in the UAE, has reported higher net income of Dh23.45 million for the nine-month period ended September 30 against Dh5.89 million for the corresponding period last year. Total income has gone up to Dh32.73 million for the period from Dh13.68 million for the comparable period in 2002. This is on account of a gain on revaluation of investments at Dh13.63 million. Dubai Investments said in its unaudited statement issued by the Dubai ...  >>MORE

National Marine Dredging posts Dh14.6m loss

Posted on 01/11/2003

The National Marine Dredging Co (NMDC), which is engaged in land reclamation and marine dredging, suffered a loss of Dh14.61 million in the first three quarters of this year compared with a net profit of Dh33.86 million in same period last year. The Abu Dhabi-listed company's total assets fell to Dh1.105 billion ending September this year compared with Dh1.146 billion in September last year. Earnings per share (EPS) suffered a loss of Dh1.50 after taking into consideration a stock split ...  >>MORE

RAK Ceramics factory in Iran to start production next year

Posted on 19/10/2003

The Arab Cement and Building Materials Union sources confirmed that the new factory in Iran affiliated to Ras al-Khaimah Ceramics will commence its real production of ceramics by the middle of next year. Its daily capacity is 10,000 square metres of different ceramics volumes. Ras Al Khaimah-based company had earlier announced that it added a new line of production to its Bangladesh factory. The expansion process cost reached US$15 million, according to a report in "Khaleej Times." ...  >>MORE

Abu Dhabi company rolls out road trains

Posted on 28/09/2003

The region's first road trains rolled out of a factory in Abu Dhabi yesterday, giving a big boost to the UAE's manufacturing sector. Contracts have been secured from Greece for supply of three trains, each valued at around $100,000. More overseas and local orders are expected. The Emirates Train and Equipment Industrial Complex, located in Abu Dhabi's Mussafah Industrial City formally unveiled its first diesel-powered road trains (miniature trains used in theme parks and other leisure areas) ...  >>MORE

ADNOC and Total sign MoU for new plant

Posted on 20/09/2003

The Abu Dhabi National Oil Company (ADNOC) and the French oil company Total have signed a memorandum of understanding for the construction of a melamine plant at the industrial complex in the Western Region of Ruwais. The investment of around 100 million euro will be made through Fertil, a joint venture that is 66.6 per cent owned by ADNOC and the rest by Total. The melamine facility will have an annual capacity of 50,000 tonnes with commercial production planned by the end of 2006 followed by ...  >>MORE

RAK Ceramics begins production in China and Sudan

Posted on 14/09/2003

The Ras Al Khaimah Ceramics Factory in China has started its initial production last month. The construction of the factory cost approximately US$20 million while its production capacity is 15,000 square metres on daily basis. This could be maximised to 45,000 square metres daily. The company has commenced construction work at another US$19 million new factory in Sudan as well. Its capacity is 10,000 square metres of various ceramics products. Initial production is due early next year, ...  >>MORE

355 companies now in Abu Dhabi Industrial City

Posted on 17/08/2003

The total industrial investments in the Abu Dhabi Industrial City (ADIC) has increased exponentially to Dh5.5 billion in 2002 attracting 355 major manufacturing companies with more than 30,000 workers since its inception, said Eid Khaleel Al Murakhi, Assistant Undersecretary of Abu Dhabi Industrial City (ADIC). "Further expansion plans of 10 square kilometres to add to the existing 14 square kilometres area is on the pipeline," he said. He said: "A comprehensive and integrated plan to ...  >>MORE

Demand for rolled steel rises

Posted on 03/08/2003

An investment of Dh2.5 billion will be needed for further expansion of Emirates Iron and Steel Factory to meet the growing demand for rolled steel in the UAE and other GCC states, according to a study released by the Emirates Industrial Bank. New investment will increase capacity of the company for all types of steel from 500,000 to 800,000 tonnes per year. Emirates Iron and Steel factory produces 350,000 tons of rolled steel out of the total 400,000 tonnes of locally produced steel. The ...  >>MORE

Khor Khowair cement plant to install filters

Posted on 03/08/2003

One of the key cement factories in Khor Khowair of Ras Al Khaimah will install Dh27 millions worth of major filters in the coming few days so that all the cement factories in the area will be standing by their commitments. This was the last cement factory to install the filters and once the work is complete, all the cement factories in Khor Khowair would have all the filters to get rid of industrial dust that used to bother the residents. The cement factories in Khor Khowair have allocated ...  >>MORE

Tabreed expands its operations beyond UAE

Posted on 22/07/2003

The National Central Cooling Company (Tabreed) has expanded its shareholding and operations beyond the UAE and is well on way to emerge as the world's largest district cooling service provider over the next four years. In April, Tabreed expanded its operations by setting up a joint venture in Qatar with the Doha-based United Development Company (UDC). The new venture 'Qatar Cool' is owned 50.5 per cent by UDC, 44.5 per cent by Tabreed and five per cent by private investors. The initial ...  >>MORE

Ice plants cash in on building boom

Posted on 15/07/2003

Ice plants are cashing in on the current boom in the construction industry and are running at optimum to meet the demand for ice which is estimated at 1,000 tonnes nationwide in summer and 400 tonnes in the remainder of the year. The construction industry uses huge amounts of ice in summer and concrete manufacturers need ice to cool down the mixture. As cement generates a lot of heat, ice blocks are added with the water. Facilities like chiller plants for producing flake ice, other ice plants ...  >>MORE

UAE bans import of scrap materials for two years

Posted on 26/06/2003

The UAE has banned for two years the import of any scrap materials to eliminate the possibility of any radioactive substances entering the country. "All kinds of scrap metal, iron or other materials will not be imported into the UAE for two years, either by land, air or sea," said the Cabinet decision. The decision, taken by the Cabinet on June 16, aims to protect the country from any nuclear agent or other hazardous material that might have been stolen from Iraq's nuclear laboratories ...  >>MORE

Sharjah launches new industrial zone

Posted on 26/06/2003

Sharjah's new industrial area, No 18, is to be built alongside Hamriyah Free Zone, which will attract new investment, said Ahmed Mohammed Al Midfa, chairman of Sharjah Chamber of Commerce and Industry (SCCI). The emirate has one of the largest industrial areas in the UAE, concentrated in 19 industrial zones including two fast-growing free zones - Sharjah Airport International Free Zone and Hamriyah Free Zone. Speaking to the British Business Group (BBG), Al Midfa said Sharjah has more than ...  >>MORE

Ducab reports Dh433m sales

Posted on 16/06/2003

The performance of Dubai Cable Co (Ducab) hit a new peak last year as sales shot up 13 per cent, orders 15 per cent and production 30 per cent. In the process, Ducab produced enough wire and cable to go around the world at least five times. Ducab's annual sales at Dh433 million (US$118 million), up from Dh382 million (US$104 million) the previous year, came mainly on the back of strong growth in demand for its medium voltage cables which were added to the company's product offering in 1999. ...  >>MORE

UAE steelmakers seek protection

Posted on 15/06/2003

Hit by the dumping of steel by Turkish exporters, local steel producers are seeking the protection of the government and local contractors. The last two months have seen an over-supply of steel in the local market, leading to unhealthy developments. Consequently, local traders have stopped placing orders while steel producers are determined to gain their market share. Some 400,000 metric tonnes of steel have been dumped in the UAE by Turkish producers in the last two months, taking advantage ...  >>MORE

RAK Ceramics to create quality tiles and slabs

Posted on 11/06/2003

RAK Ceramics has continued to invest in superior manufacturing technology. The company has installed Twin Press and Technoslate to create quality tiles and slabs in a bid to boost performance. Sheikh Saud bin Saqr Al Qasimi, Chairman of RAK Ceramics, said the company's eighth tile plant has just gone on stream and is an example of "environmental stewardship in the UAE" – with the latest technology to prevent environmental pollution. Another sanitaryware plant set up last year is now fully ...  >>MORE

Tabreed auctions 4.6m shares

Posted on 29/05/2003

Tabreed - The National Central Cooling Co. (PJSC) - yesterday staged an open auction of 4.6 million shares, comprising almost ten per cent of its total Dh500 million capital, at the Dubai Financial Market (DFM). The event generated significant interest amongst local and international investors, with fourteen buyers participating in the auction and trading a total of 4,513,499 shares and Dh46,369,179. BTU District Energy Company, an affiliate of BTU Ventures, a private equity and project ...  >>MORE

Dubal in Qatar smelter venture

Posted on 26/05/2003

His Highness Sheikh Hamad bin Khalifa Al Thani, Emir of Qatar, received yesterday Sheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler and UAE Minister of Finance and Industry. An agreement on joint investment in aluminium industry was signed, in the presence of Sheikh Hamad and Sheikh Hamdan, between the Dubai Aluminium Company (Dubal), and Qatar's United Development Company (UDC). Ahmed Humaid Al Tayer, Minister of Communications, who is also the Board Chairman of Dubal, and Hussein ...  >>MORE

UAE textile sector valued at US$4b

Posted on 22/05/2003

The Middle East's textiles sector is set to boom with recent analysis valuing its clothing and accessories imports at US$4.1 billion and its exports for the same sector at US$11 billion, according to an industry official. Recent figures from the Emirates Industrial Bank have valued the UAE's textile industry at US$4 billion. Ministry of Finance and National Economy figures put the number of ready-made garment factories in the UAE at 150 and with combined capital of nearly US$69 million, the ...  >>MORE

Carpet sector set for boost

Posted on 06/05/2003

The UAE has only three carpet factories but the industry could expand in the future to meet growing demand in the GCC, Iraq and other markets. Exports by the UAE's three carpet factories in Abu Dhabi, Dubai and Ajman jumped nearly eight times to Dh8.1 million (US$2.2 million) in 2001, and the GCC and Malaysia accounted for the bulk of the increase, said the Emirates Industrial Bank (EIB). "While woollen and textile carpets, too, can grow, there is an enormous potential for growth in tufted ...  >>MORE

RAK Ceramics unveils Dh109.69m profit

Posted on 28/04/2003

Ras al-Khaimah Ceramics (RAK Ceramics) yesterday announced a net profit to Dh109.69 million in 2002 up from Dh 106.81 million for 2001. Following the company's ordinary and extraordinary annual general assembly meetings, Sheikh Saud bin Saqr Al Qasimi, Chairman of RAK Ceramics, announced the distribution of 20 per cent dividend to the shareholders. A 10 per cent capital raise from Dh204 million to Dh224.4 million, was also approved. RAK Ceramics 2002 legal reserves were estimated at Dh10.18 ...  >>MORE

Tabreed shareholders to forego interim dividend

Posted on 28/04/2003

Shareholders of Tabreed (National Central Cooling Co) have decided to forego the three per cent dividend proposed by the board of directors, which was supposed to have been paid in two instalments - in June and December of this year. Instead, they will now get a lump sum at the end of the year. The actual dividend payout will be decided at that stage. This is the first time board of directors of the company - which held its annual shareholders' meeting yesterday - has proposed a dividend in ...  >>MORE

Tabreed, UDC set up district cooling joint venture in Qatar

Posted on 24/04/2003

Dubai-based National Central Cooling Company (Tabreed) and Doha-based United Development Company (UDC) today signed an agreement to set up a joint venture district cooling company, which will be the first district cooling services provider in the State of Qatar. The agreement was signed by Tabreed Chairman Mohamed Saif Al Mazrouei and UDC Chairman Hussain Al Fardan at UDC's head office in Doha. The new venture will be registered as Qatar Central Cooling Company (Tabreed) and will be ...  >>MORE

Federal laws on consumer rights set to be in place soon

Posted on 13/04/2003

It will take the enactment of federal laws to ensure the consumer movement in the UAE reaches its full potential, according to the chairman of UAE's Consumer Protection Association (CPA). And the laws may not be a long time in coming. The CPA is the oldest in the Middle East, having been set up in 1987, the same year as the one in Jordan came into being. Bahrain and Oman have also come up with their own versions or will be doing so shortly. Despite the year, Al Katheeri believes the consumer ...  >>MORE

UAE printer market hums along

Posted on 12/04/2003

The UAE's printer market is expected to come out with strong double-digit growth in 2003, thus sustaining the momentum of the last two years. According to preliminary estimates by IDC, by the end 2002 the country's printer market continued to witness a surge in unit shipments and value, reaching more than 180,000 units for an estimated value of approximately US$50 million, confirmed Jyoti Lalchandani, regional director of IDC Mena, the regional arm of the global IT market research and ...  >>MORE

Dh300m LIU complex gets ready for lease

Posted on 10/04/2003

The Phase I of the Dh300 million Light Industrial Units project at Dubai Investments Park (DIP) will be ready for lease by August with work on the project spread over five million square feet of land near Jebel Ali right on schedule. Khalid bin Kalban, CEO of Dubai Investments, said the Light Industrial Unit (LIU) project, part of DIP's sprawling industrial complex, will have some 270 pre-built and purpose-built units when the two phases would be completed. The first phase consists of 16 block ...  >>MORE

Dubai Cable Company to build a new factory in Abu Dhabi

Posted on 08/04/2003

In the first major expansion outside its Dubai base, Dubai Cable Company (Private) Limited (Ducab) has announced the construction of a state-of-the-art factory in Abu Dhabi, to be commissioned by November 2004, for manufacturing a wide range of power cables. It will also add capacity at its existing factory in Jebel Ali. Total investment will be Dh 125 million. Ducab (Abu Dhabi), coming up in the new Abu Dhabi industrial city at Mussafah, has been designed to increase the combined copper ...  >>MORE

UAE plastic industry growing: EIB study

Posted on 06/04/2003

With the expansion of the non-oil economy, demand for plastic products has grown steadily leading to a growth in manufacturing in the sector, which has over time reduced dependence on imports. The industry has expanded rapidly in the nineties, still continues to grow, and is slowly making inroads into the export industry, particularly in the packaging segment, according to a new study by the Emirates Industrial Bank, EIB. "Given the abundant availability of feedstock, the plastic industry, as ...  >>MORE

UAE garment manufacturers face dire prospects as overseas demand drops

Posted on 01/04/2003

Local garment manufacturers have been the unwitting victims of the hostilities in Iraq, following a sharp drop in major orders placed by U.S. retailers. This will leave a deep impact on the local sector's performance this year, as this is one period during the calendar when buying activity from the U.S. is at its peak. Traditionally, orders placed during this period will translate into deliveries for the crucial back-to-school and high summer season in the U.S. This year, so far, there has ...  >>MORE

Tabreed gets US$120m in project finance

Posted on 26/03/2003

National Bank of Abu Dhabi (NBAD) and Abu Dhabi Islamic Bank (ADIB) have jointly underwritten a US$120 million Islamic financing facility for the National Central Cooling Co (Tabreed). The facility, based on Islamic project financing principles, is for financing Tabreed's construction of a central cooling plant for the Al Dhafra Air Base. NBAD and ADIB are participating on a 50-50 basis. The signing took place yesterday. The cooling plant will have a capacity of 18,000 tonnes under phase one ...  >>MORE

Market Watch: Office supplies sector set for growth

Posted on 25/03/2003

A growing number of organisations are currently dominating the sector, while some companies with tie-ups with foreign brands are bringing their technologies in office furnishings to the UAE. Most of the business is expected to come from the increased number of hotels that are coming up in the city, while the growth of the real estate market, spurred by EMAAR and Nakeel Holdings, will increase the demand. Families who are moving into their new homes in the Meadows, Dubai Marina, the Greens and ...  >>MORE

Industry, tourism to fuel Ajman economy

Posted on 19/03/2003

Tourism and industry will form two of the primary growth engines fuelling Ajman's economic development into the future, Sheikh Ahmed bin Humaid Al Nuaimi, chairman, Economic Department, and Free Zone Authority, declared yesterday. "Our policy is to set up all the support infrastructure, and then implement special ideas that will substantially spur economic activity, while complementing overall activity in the region," he stated, after formally signalling the start of Ajman Free Zone's ambitious ...  >>MORE

Tabreed in major Abu Dhabi project

Posted on 20/02/2003

Phase one of the two district cooling schemes servicing area 029, Al Muroor, and area 030, Zayed Sports City, in Abu Dhabi, is operational, according to a statement from Tabreed (the National Cooling Co.). Phase one, with over 18,000 tonnes of refrigeration, supplies residential, commercial and government buildings in the two six-kilometre areas. Further customers in these locations can be supplied to increase the two facilities' combined contracted capacity to over 44,000 tonnes. ...  >>MORE

GCC finalises first guide on industry investment

Posted on 14/02/2003

The Gulf Arab states have finalised the first comprehensive guide on industrial projects and investment opportunities in the region and officials said it would help members plan better in their economic diversification programmes in the manufacturing sector. The Doha-based Gulf Organisation for Industrial Consulting (GOIC), which advises on manufacturing policies in the GCC, prepared the 2003 industrial directory, which coincides with the enforcement of a landmark customs union in the ...  >>MORE

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19

RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

Industry emerges biggest earner after oil


Dubai emerges as hub for printing industry in region


Seven UAE banks in loan syndication for Tabreed


UAE garment industry to stabilise in medium term: EIB report


Ducab wins Dh4m deal for Formula 1 project


Russian firm may invest Dh25m in UAE's steel services industry


Land finally allotted for Dubai Textile City


Dubai Investments net income rises


National Marine Dredging posts Dh14.6m loss


RAK Ceramics factory in Iran to start production next year


Abu Dhabi company rolls out road trains


ADNOC and Total sign MoU for new plant


RAK Ceramics begins production in China and Sudan


355 companies now in Abu Dhabi Industrial City


Demand for rolled steel rises


Khor Khowair cement plant to install filters


Tabreed expands its operations beyond UAE


Ice plants cash in on building boom


UAE bans import of scrap materials for two years


Sharjah launches new industrial zone


Ducab reports Dh433m sales


UAE steelmakers seek protection


RAK Ceramics to create quality tiles and slabs


Tabreed auctions 4.6m shares


Dubal in Qatar smelter venture


UAE textile sector valued at US$4b


Carpet sector set for boost


RAK Ceramics unveils Dh109.69m profit


Tabreed shareholders to forego interim dividend


Tabreed, UDC set up district cooling joint venture in Qatar


Federal laws on consumer rights set to be in place soon


UAE printer market hums along


Dh300m LIU complex gets ready for lease


Dubai Cable Company to build a new factory in Abu Dhabi


UAE plastic industry growing: EIB study


UAE garment manufacturers face dire prospects as overseas demand drops


Tabreed gets US$120m in project finance


Market Watch: Office supplies sector set for growth


Industry, tourism to fuel Ajman economy


Tabreed in major Abu Dhabi project


GCC finalises first guide on industry investment