As the company commemorates four decades as a leader in the UAE’s manufacturing sector, Ducab has announced that its 2018 consolidated group sales rose to AED 4.8 billion, an increase of approximately 7% year on year. Ducab now operates six manufacturing facilities across four sites in the UAE, employing a workforce of over 1,600. Ducab Group now comprises four business units: Ducab Wires and Cables; Ducab High Voltage (HV); Ducab Metals; and Ducab Aluminium Company (DAC). Ducab’s established wires, cables and metals businesses all saw positive year on year sales growth in 2018. The newly-established Ducab Aluminium Company (DAC) performed…
Author: Kasun Illankoon
UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has launched a series of new payment plans for two of its development projects in Dubai, including SE7EN City JLT and SE7EN Residences The Palm. Potential investors can reserve an apartment at Seven Tides’ first mixed-use development SE7EN City JLT with just a 5% deposit and a 6% furniture down payment, followed by payments equal to 3% of the cost price to be paid every subsequent quarter until 31 May 2021, with the final 60% to be paid on completion. SE7EN City JLT, valued at AED 1.3 billion and due…
LogiPoint CBG (Cross Border Gulf) has recently concluded a pilot project to help a client reduce their lead time and minimize uncertainties due to limited carrier choice for their shipments from Europe to the upper Gulf. The average transit time by sea from major European ports to Other GCC -is between 25 to 30 days with multiple transshipments. Given the high volumes involved, airfreight is not a cost-effective option, and the journey is not long enough to warrant sea-air as an alternative. With the support from Jeddah Islamic Port and Saudi Customs Authority, and working closely with the client and…
Apparel Group, the region’s leading retailer, today celebrated the launch of its solar plant at its warehouse facilities in partnership with SirajPower, the UAE’s leading provider of solar roof. To mark the occasion, an inaugural ceremony was held with the attendance of Mr Nilesh Ved, Chairman at Apparel Group, senior leadership from SirajPower including Mohammed Abdulghaffar Hussain, Chairman and Laurent Longuet, CEO, as well as other VIPs. The 2 MWp solar plants installed at two of Apparel Group’s warehouses in Jebel Ali Free Zone (JAFZA) are expected to cover more than 55% of the company’s electricity consumption, saving 2,121 metric…
The southern German state of Baden-Württemberg on Wednesday revealed its pavilion at Expo 2020 Dubai, unveiling a state-of-the-art building complete with cold air lake and artificial mist. The Baden-Württemberg House, as the pavilion will be known, will showcase the region’s engineering prowess and future-shaping technologies, as well as its collaborative efforts to generate smart, sustainable solutions. It will be located in Expo 2020’s Opportunity District. It is the first time the state, a leading economic area in Germany which houses the headquarters of several world-famous automobile producers, has participated in a World Expo. His Excellency Dr Florian Stegmann, State Secretary and Head of the State Chancellery in the…
Saudi Aramco today announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a private transaction for SAR 259.125 billion (or SAR 123.39 per share), which is equivalent to USD $69.1 billion. The remaining 30% publicly traded shares in SABIC are not part of the transaction, and Saudi Aramco has no plans to acquire these remaining shares. The transaction is subject to certain closing conditions, including regulatory approvals. Headquartered in Riyadh, Saudi Arabia, SABIC has global operations in over 50 countries…
DHL Global Forwarding, the leading international air, sea and road freight services provider has signed a deal with KIZAD – Abu Dhabi’s industrial hub and a subsidiary of Abu Dhabi Ports, to establish a distribution centre to serve the needs of its customers.
Under the agreement, DHL Global Forwarding will set up warehouses in KIZAD to provide end-to-end logistics and supply chain services to its customers, who seek to leverage the optimal geographical location of KIZAD to propel their growth trajectory. The warehouses will be used for storage and consolidation of all shipments, equipped with high-volume racking, as well as fully-managed kitting, packing and dispatching process to support customers’ growing capacity requirements.
IVECO is the Official Truck Partner of the Alfa Romeo Racing team and has officially handed over 12 Stralis trucks and a Daily van on 20th March at a ceremony held in Hinwil (Switzerland) and presided by Axel Kruse, COO of Sauber Motorsport AG and Thomas Rücker, Business Director of IVECO Schweiz.
As part of a huge investment driving its expansion into the mobile access sector, rental giant Byrne Equipment Rental (Byrne) recently placed an order for 166 Genie mobile elevating work platforms (MEWPS). Comprising a broad mix of the brand’s latest scissor lifts and telescopic and articulating boom lifts, Byrne Equipment Rental received delivery of an initial 34 units this January – including its first Genie Xtra Capacity (XC) booms lifts. Completing this delivery will be an additional 132 machines, scheduled for handover by the end of March 2019. Since its founding 27 years ago, Byrne Equipment Rental has steadily…
An ongoing transformation in the Middle East automotive industry will have a sizeable impact on the regional aftermarket, with big data and analytics playing a pivotal role in how industry players optimise their value chain. Vishal Sanghavi, Project Manager for Automotive and Transportation at research and advisory firm Aranca, said megatrends such as shared mobility, electrification, connectivity and autonomous vehicles, will lead to a big shift in the redistribution of profits across the value chain, with the emergence of new technologies opening up fresh opportunities. “The global automotive industry is undergoing massive transformation and Middle East is no exception to…