Business & Money | Wednesday 4 September, 2019 12:11 pm

Innovation in Warehousing, Intralogistics and Supply Chain Solutions through Automation Related Facts and Numbers

·      The Middle Eastautomated materials handling equipment segment is growing rapidly at a CAGR of 8.6 percent and is expected to reach US $498.5 million by 2023, across the full spectrum of...

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Business & Money | Wednesday 4 September, 2019 7:15 am

IQ Robotics, MENA region’s first fully robotic implementation, set to transform Dubai’s logistics sector

IQ Robotics, an Artificial Intelligence-driven fully robotic business that’s spearheading the digital transformation of the logistics sector, has been launched in Dubai. The brainchild of Fadi Amoudi, IQ Robotics, marked its official launch at the Materials Handling Middle East exhibition...

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Business & Money | Wednesday 4 September, 2019 5:00 am

Motherson Sumi Systems Ltd establishes a manufacturing unit at RAKEZ

Ras Al Khaimah Economic Zone (RAKEZ) has recently added another giant Indian conglomerate to its client portfolio – Motherson Sumi Systems Ltd (MSSL), one of the global leaders in the field of automotive wire manufacturing. MSSL’s RAKEZ-registered subsidiary, Motherson PKC Harness...

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Business & Money | Wednesday 4 September, 2019 2:30 am

Faraj Fund Partners with Dubai Cares to Support Children of Prison Inmates with School Supplies

Faraj Fund teamed up with Dubai Cares, a philanthropic organization working to improve children’s access to quality primary education, to distribute 350 school kits for children of inmates from penal institutions and correctional facilities across the UAE.    Mr Saqr Al Nuimi, ...

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Business & Money | Wednesday 4 September, 2019 1:00 am

Azizi Developments marks 92% construction completion of Farishta

Azizi Developments, one of the leading private developers in the UAE, has recorded a construction completion of 92 per cent for Farishta, its new residential tower in Al Furjan, an up-and-coming strategic location with excellent connectivity. Farishta, comprising 284 elegantly designed...

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Business & Money | Tuesday 3 September, 2019 2:39 pm

New General Manager appointed for Uber Eats in Saudi Arabia

Uber today announced the appointment of Assad Numan as the new General Manager for Uber Eats operations in Saudi Arabia. Following the launch of Uber Eats in Riyadh, Jeddah and Dammam, Numan will be leading the next phase of expansions and developments across the Kingdom.    Based...

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Business & Money | Tuesday 3 September, 2019 10:17 am

Ajman Free Zone partners with Al Zorah Development Company to manage Al Zorah Business Centre

Ajman Free Zone has entered into an agreement with the free zone entity of Al Zorah - a partnership between Solidere International and Ajman Government -  and a premium lifestyle and leisure destination, to operate the developments of 3,000 ft state-of-the-art Business...

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Business & Money | Tuesday 3 September, 2019 10:10 am

Saudi Arabian bond market experiences 29% jump in 1H19; loan refinancing sees an 80% drop

Debtwire Par, the provider of high value news, data and analysis on global debt markets, has today released research showing that the Saudi Arabian bond market saw 1H19 end with bond volumes reaching USD 25.6bn from eight deals, representing an increase of 29% in volume...

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Business & Money | Tuesday 3 September, 2019 3:20 am

Fidu Properties named Top 5 Brokerage Company for the first half of 2019

Fidu Properties, one of the leading Chinese companies in the UAE property market, has received an enviable recognition with it being named as the Top 5 Brokerage Company for the first half of 2019 by Emaar Properties. This recognition comes close on the heels of Fidu Properties awarded Top 4th...

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Business & Money | Tuesday 3 September, 2019 2:30 am

Infrastructure investment across DIP surges to AED 1.5 billion

Dubai Investments Park [DIP], the unique integrated commercial, industrial & residential community in the Middle East, wholly-owned by Dubai Investments PJSC, is spurring up its investments towards the development of various infrastructure facilities and has invested a total of AED 1.5 billion...

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