According to a new report the UAE’s Petrochemical industry is set for strong growth in 2016. Business Monitor International (BMI) research reveals that parts of the plastics and rubber industry will see growth in the new year of nearly 170%. Predications expect polyethylene production to triple to 3.52 million tonnes per annum. It’s also revealed that by 2016, ethylene capacity will reach five million tonnes per annum in the UAE.
Dubai Holding signs single largest building contract valued at AED 5 billion
Dubai Holding has signed the single largest building contract valued at AED 5 billion for the Group's new headquarters and Jumeirah Residences Emirates Towers.
Trade through Dubai’s Hatta crossing surges 175%
Dubai’s Hatta Customs Crossing recorded a major increase in trade during the first half of 2026, with the value of goods passing through the crossing rising 175 per cent year-on-year.
AED 11.6 million in licence penalties waived for Abu Dhabi businesses
The Abu Dhabi Registration Authority (ADRA) says more than 7,800 businesses have benefited from an initiative waiving fines for late renewal of economic licences.
UK's Jaguar Land Rover to cut 4,000 jobs over next two years
British luxury carmaker Jaguar Land Rover said on Monday it would cut around 4,000 jobs globally over the next two years as part of a broader plan to reduce costs and improve competitiveness.
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