How Fujairah is becoming a leading oil trading hub
In September last year the BW Peony crude oil tanker sailed to the Port of Fujairah from Iraq to unload its supply in the UAE’s newly completed very large crude carrier jetty. It marked another step in the northern emirate’s vision to cement its position as one of the leading oil trading centres in the world. With an investment of $175m, the new jetty is another element in the government’s ...read more
Date : 2017/03/13
Fujairah Building Industries proposes 5% dividends for FY16
Abu Dhabi - Mubasher: Fujairah Building Industries said its board proposed to distribute 5% dividends, or 5 fils per share, for fiscal year 2016, according to a bourse statement. Total recommended dividends amount to AED 6.8 million for FY16. The company's capital stands at AED 135.99 million, distributed on 1 million shares at AED 1 per share. Shareholders will hold their meeting on 13 April ...read more
Date : 2017/03/13
Al Fujairah Insurance board proposes FY16 dividends
Al Fujairah Insurance achieved a growth of 24.9% in FY16 profits (Photo Credit: Arabianeye-Reuters) Mubasher: The board of Al Fujairah National Insurance has recommended a cash dividend of 10% for fiscal year 2016, according to a recent statement. The board has proposed AED 10 per share for FY16, with a total value of AED 10 million, according to Mubasher’s latest data. The ADX-listed company ...read more
Date : 2017/03/12
NBF signs Dubai declaration on sustainable financing
NBF to contribute to UAE’s Green Agenda by leveraging its expertise and supporting entrepreneurs. Share PRINT THIS ARTICLE National Bank of Fujairah (NBF) has recently signed the Dubai Declaration on Sustainable Financing at the United Nations Environment Programme (UNEP) Finance Initiative’s 14th Global Roundtable, a leading platform attracting over 400 experts globally. The platform focuses ...read more
Date : 2017/03/12
Fujairah-based Viking Marine Services expands operations in Singapore
Fujairah-based surveying and inspection services provider Viking Marine Services has expanded operations in Singapore, having recently receiving a bunker surveying licence from the the Maritime and Port Authority of Singapore, managing director Vikram Mohan said “We used to outsource jobs here before and since there was increased demand for our services, we decided to start operations in ...read more
Date : 2017/03/09
UAE needs further investments to plug forecast gas deficit
Net gas importer has several options to keep pace with growing demand The UAE will require significant investments over the coming decade to keep pace with rapidly growing domestic demand for natural gas. Like Saudi Arabia, Abu Dhabi is a major producer of natural gas but consumption has expanded to the extent where is challenging to keep up with demand, The UAE started importing gas from ...read more
Date : 2017/03/09
Fujairah’s hotels occupancy rates increased by 7.2 per cent in January
UAE hotels report decline in average daily rates and revenue per available room Dubai: Hotels in Abu Dhabi and Dubai posted a subdued performance in January 2017 compared to a year earlier, with the overall average daily rates (ADR) dropping by 8 per cent, according to the latest data. “Abu Dhabi reported a 1.5 per cent decline and Dubai posted nearly flat performance,” said market research ...read more
Date : 2017/02/23
Fujairah Police wins Dubai Award for Sustainable Transport
:SHARJAH Fujairah Police’s machine, which alerts a motorists when he is trying to park in a place designated for people with special needs, has continued to attract awards. “This is the third year we have won an award in the region for the three years since the establishment of this machine,” said Brig. Mohammed Bin Naie from Fujairah Police. “If you don’t have a permit and approach the ...read more
Date : 2017/02/21
Ban on import of used cars with major faults from May 1
UAE imports around 300,000 used vehicles annually from US, Japan and Germany Image Credit: Abu Dhabi: The UAE standards authority will ban import, insurance and registration of used but grossly damaged vehicles from May 1, a senior official said on Tuesday. Abdullah Al Maeeni, director-general of the Emirates Authority for Standardisation and Metrology (ESMA), told Gulf News the ban will ...read more
Date : 2017/02/21
5,000 millionaires move to UAE in 2016
UAE continue to beat out other destinations in the race to becoming a haven for the rich Dubai: The UAE has proven yet again that it is a magnet for the super-wealthy, as can be gleaned from the latest intelligence data from a millionaire migration tracker. New World Wealth told Gulf News on Tuesday that the number of ultra-rich individuals opting to make the UAE as their home continued to ...read more
Date : 2017/02/21
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