December 4, 2013

The UAE and China are working out ways to expand cooperation in the fields of new energy resources, high-end technology and service trade, according to a top official of the China Council for the Promotion of International Trade (CCPIT) Guangzhou Committee, China Chamber of the International Commerce Guangzhou Chamber of Commerce.

“Guangzhou is being represented in Dubai for the first time through the fourth edition of China Homelife show with 42 companies and aims to deepen trade ties with Dubai as it happens to be centre point for entire Mena region,”"...

December 2, 2013

In a major development, Namibia on Sunday signed a memorandum of understanding (MoU) with Utico Middle East, the GCC’s largest private full service utility and solutions provider, for the establishment of a $300 million (Dhs1.1 billion) coal-fired power plant in its Okakkura Governorate.

The project entails the development of a 150MW increased to 300MW power plant in the power-hungry African state, which relies heavily on its neighbours for all its power requirements.

The agreement to this effect was signed in Ras Al Khaimah this week between Ruurd Abma, Managing Director of Utico Middle East, and Justus Ve, CEO of AFRES Pty, in the presence of Namibian Member of Parliament, Honorable Vetaruhe Kandorozu, and a high-powered delegation from Namibia currently visiting the...